Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
Feb 23, 2022 - 04:54:04 PST
The economic impact could also move beyond the gas pump, Wall Street analysts warn. Sanctions or export controls against Russia could make current semiconductor shortages even worse, while restrictions on wheat or metals could drive the fiercest bout of inflation in decades to climb even higher.
The threat of a full-scale Russian invasion of Ukraine is raising the risks of an energy shock, which some say could send annual U.S. inflation up to 10%.
THE BITCOIN TRAINWRECK: Bitcoin Mining Industry In Serious Trouble As World Hits The Energy CliffFebruary 23, 2022
Bitcoin faces serious headwinds, especially as the world heads over the Energy Cliff. While the market is still treating Bitcoin as the wave of the future, increasing energy scarcity in various areas worldwide is wreaking havoc on the Bitcoin Mining Industry...
A big additional driver for investing in gold and silver has become apparent just in recent days with it becoming clear that governments around the world, starting with Canada, are not above plundering bank accounts and online crypto wallets of anyone they consider to be renegade or even to be holding or expressing views ...
Australian bullion sales in January jumped from a month earlier, according to the latest figures from The Perth Mint of Australia. Noteworthy, the Mint’s silver sales soared to the second highest monthly level on record.
Investors often turn to gold as a safe haven investment in times of global turmoil. Gold's also rising as stocks decline.
Feb 22, 2022 - 12:56:08 PST
Gold has emerged as the best-performing asset class in 2022, after underperforming most risk assets last year. The yellow metal was trading at around $1,900 per ounce in the international market on Tuesday, up from $1,796 at the end of January. The precious metal made an intra-day high of $1,918 on Tuesday. Currently, gold is trading at its highest level since June 2021...
Eleven years ago, shortly after the onset of QE 2, Ben Bernanke gave us his definition for “monetization” of the debt, telling Congress (hat tip, Grant’s):
Biden Says U.S. Will Sanction Russian Financial Firms, Sovereign Debt and Individuals After UkraineFeb 22, 2022 - 12:11:06 PST
President Joe Biden said Tuesday that Russia has begun "an invasion" of Ukraine, and he announced sweeping sanctions on the major Russian bank VEB and its military bank.
Feb 22, 2022 - 12:02:43 PST
On October 21 of last year, when the Fed originally announced its list of trading restrictions that it planned to impose on Fed officials, it made no mention of restricting its officials from short-selling (making bets on a decline in price) or preventing Fed officials from trading on margin. But when the Fed announced its finalized rules last Friday, “short sales or purchasing securities on margin” were added to the list of prohibitions.
It isn’t surprising with the rough start to 2022, investors are hoping the Fed will look to stabilize financial markets. Of course, after more than a decade of monetary interventions, investors developed a “Pavlovian” response.
Earnings estimates are more deviated from long-term growth trends than at any point in history. As a result, analysts and Wall Street are overly optimistic as the Fed tightens monetary policy against a potentially disinflationary environment.
It’s taken nine years and the Bank of Japan supersizing its balance sheet to the $5 trillion mark, but Asia’s second-biggest economy finally has some inflation.
After work in the evenings, Nicola Frape turns off the heating and huddles under a blanket with her daughter and a hot water bottle. Adding a layer costs nothing, she says, but leaving the boiler on drains her inflation-hit bank account.
The Most Splendid Housing Bubbles in America, Mania in Phoenix to Cooling Condos in San FranciscoFeb 22, 2022 - 11:30:03 PST
But the deals were made when mortgage rates were still 3%, not 4% as today.
Watch Live: Biden Addresses Russia-Ukraine Escalation, 'Significant' New Sanctions ExpectedFeb 22, 2022 - 11:24:34 PST
President Biden is expected to address the Russia-Ukraine crisis hours after Russia's parliament approved Putin's request to deploy troops abroad, and after earlier in the morning a White House national security official called Moscow's recognition of Donetsk and Luhansk independence "an invasion". Biden is scheduled to speak at 1:00pmET during which time 'significant' new sanctions against Russia are expected to be introduced. LIVE FEED (due to start at 1300ET... but don't hold your breath)
Feb 22, 2022 - 08:55:13 PST
Let's discuss widely differing inflation within the Eurozone and how things have changed in the last year.
After two decades of never raising policy rates by more than 25 basis points at a time, the US Federal Reserve is now confronting macroeconomic conditions that demand more robust action. If the Fed proceeds too slowly, it will jeopardize its own credibility.
April Comex gold futures settled inside its contract retracement zone. Trader reaction to the long-term 50% level at $1899.80 will set the tone.
The chief executive of Vitol believes growing demand and uncertain supply will push oil prices to $100 and keep them there for an extended period.