Gold has all the potential to go unprecedentedly high. But silver will be gold on
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World War E has started - but what is it? Join Mike Maloney and Adam Taggart as they discuss the implications of this new form of combat in which nation states attack each other via electronic means.
Gold futures climbed sharply on Tuesday to mark their highest finish in 13 months, buoyed by a broad flight to the perceived safety of precious metals and government bonds, as Russian forces continued to shell Kharkiv, Ukraine’s second-largest city, and signaled they would target intelligence and...
Mar 1, 2022 - 12:57:12 PST
Goldman Sachs has raised its price forecast for gold and other commodities amid the turmoil in Ukraine. In a note to clients on Sunday, Goldman Sachs said supply disruptions, the situation in Ukraine following the Russian invasion, and a worse inflation outlook would result in higher prices in the coming months.
The following is a table of central bank gold holdings as of Feb. 28, according to data from the International Monetary Fund (IMF):
Putin Bans Cash Exports From Russia Exceeding $10,000 In Stabilization EffortMar 1, 2022 - 12:45:51 PST
Russia said Tuesday it's not yet fully responded to the avalanche of Western and US sanctions of the last days which were triggered in the wake of the invasion of Ukraine. Foreign Ministry Spokeswoman Maria Zakharova warned that the populations of the West have not yet begun to feel what's coming.
So, do we get a growth scare, which would very probably coincide with private debt deflation, followed by a (war-induced) period of accelerating consumer prices? We can guess all we like. All we know is what the chart is telling us. If this current decline ends up being three waves, as we suspect, get ready for another period of accelerating prices.
Traders are casting aside wagers on rate hikes across the world -- including pricing out unusually large Federal Reserve interest-rate hike in March -- amid concern that the fallout of Russia’s invasion of Ukraine will weigh on the growth outlook.
Credit markets suffered the biggest back-to-back monthly losses since the global financial crisis and remain vulnerable amid rising rates, slowing growth and escalating geopolitical risk.
Just a few short weeks ago, when throwing out increasingly more ridiculous "forecasts" of Fed rate hikes in 2022 and 2023 was all the rage on Wall Street...
Mar 1, 2022 - 11:44:03 PST
Home prices nationwide, including distressed sales, increased year over year by 19.1% in January 2022 compared with January 2021. On a month-over-month basis, home prices increased by 1.4% in January 2022 compared with December 2021 (revisions with public records data are standard, and to ensure accuracy,...
Mar 1, 2022 - 11:41:32 PST
As someone who needs to move to Ohio, I would really appreciate it if mortgage rates would more closely follow the 10-year Treasury yield. But alas, Bankrate’s 30-year mortgage rate just rose to 4.30% as the US Treasury 10-year yield dropped -8.2 basis points.
As the Russian attack on Ukraine continues, there are more and more moves in the US to weaponize banking and money itself in an attempt to "punish" Russia for its aggression. Some cooler heads are recognizing that the "sanction everything" hot heads may be producing some unintended consequences back home. Crypto users and fans should also be worried.
Apple Pay and Google Pay No Longer Work on Moscow's Metro System...
The European Central Bank should take time to properly assess the implications of Russia’s war in Ukraine before continuing its exit from pandemic-era support for the euro-zone economy, according to Governing Council member Olli Rehn.
Stocks, Bond Yields Puke; Gold, Oil Explodes Higher After NATO 'Emergency Meeting' HeadlinesMar 1, 2022 - 08:51:46 PST
Global stocks and bond yields were already getting hammered but when AFP reported that NATO foreign ministers will hold emergency meeting over Ukraine on Friday, it sparked another leg lower...
Mar 1, 2022 - 08:42:40 PST
US treasury spreads in the past year are almost a mirror image centered around March of 2021.
Mar 1, 2022 - 08:39:37 PST
US balance of trade took a sharp decline to another new low in January.
By pushing Russia into the arms of an ascendant communist China, the West, and the so-called "adults" who are back in charge, have made a geostrategic blunder of historic proportions. The truly tragic part is, it did not have to be this way.
We haven’t seen the Western military response yet, but it would come as no surprise if the U.S. put their nuclear forces on high alert also. The escalatory dynamic has begun. We’ll see where it ends up. Smart citizens should prepare for the worst. Let’s pray it doesn’t happen.
When the Bush Administration announced in 2008 that Ukraine and Georgia would be eligible for NATO membership, I knew it was a terrible idea. Nearly two decades after the end of both the Warsaw Pact and the Cold War, expanding NATO made no sense. NATO itself made no sense.