Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Gold pared losses to trade below an eight-month high following a report that Ukraine separatists in the Donbas region are evacuating some people to Russia.
This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail.The last article highlighted the strange things going on in the gold market. Specifically:
Global demand for silver is on the rise and expected to reach a record this year, offering an opportunity for investors to buy the metal at prices that have seen little change in the past six months.
Feb 18, 2022 - 05:50:30 PST
Finance ministers and central bank governors of the G20 group of nations kicked off a two-day meeting on Feb. 17 with a stark warning that the Russia-Ukraine tensions pose a threat to the post-pandemic economic recovery and to world peace.
The U.S. ramped up warnings of a possible Russian attack on Ukraine, with President Joe Biden saying a “false-flag” event may be underway and a top diplomat describing Moscow as moving toward an “imminent invasion.
Rising Beef, Pork, and Egg Costs Make Food Inflation Hard to Escape: BloombergFeb 18, 2022 - 05:44:31 PST
U.S. food inflation rose at the fastest pace in four decades in the 12 months through January. With commodity prices and transport costs still rising, households may not get any relief soon. Double-digit increases for everyday staples such as oils and eggs make food inflation hard to escape.
Wall Street's biggest banks sounded a warning over the year ahead on Thursday, citing high inflation, credit concerns, asset price depreciation and companies postponing deals due to market uncertainty. U.S. banks reported a mixed bag of fourth quarter earnings last month as trading revenue fell after the Federal Reserve...
Seth Klarman, CEO of hedge-fund manager Baupost, said the firm is hedging against rising prices and interest rates.
\Emerging Asia’s central banks have enjoyed room to pause on monetary policy and focus on supporting growth, but pressure to shift course may be building as their global counterparts turn more hawkish and if inflationary pressures build at home.
Once accused of pushing their currencies lower to spur growth, top central bankers are now looking to appreciating exchange rates to help fight the menace of inflation.
The three-week government funding bill heads to President Biden's desk, and lawmakers now aim to craft a full-year spending package.
Cities Where Homes Cost An Average Of $1 Million Or More Have Doubled In The Last 5 YearsFeb 18, 2022 - 05:08:16 PST
As the real estate market continues to scorch higher, part and parcel with the brutal inflation the nation is facing, the idea of million dollar homes is now becoming commonplace.
'Affordability Has Become a Major Hurdle': Mortgage Rates Approach 4%, Cold Water on Housing MarketFeb 18, 2022 - 05:07:03 PST
For many Americans, a 4% mortgage rates has gone from possibility to reality in the span of a few weeks. The 30-year fixed-rate mortgage averaged 3.92% for the week ending Feb. 17, up nearly a quarter of a percentage point from the previous week, Freddie Mac (FMCC) reported Thursday. It’s the highest average rate for ...
When you look back over the history of inflation in the last hundred years or two, the root cause is very often war. When countries break the bank in the cause of slaughter, the result is currency debasement.
St. Louis Fed President James Bullard cautioned that without action on interest rates, inflation could become an even more serious problem.
If the dollars start to flow into goods and wages, then Weimar, not Wall St. will be the next destination.
The Federal Reserve and the rest of the Savior State has saved us from the financial consequences of rampant speculation for decades. As a result, few of those in the casino have the necessary experience of hardship and losses to accurately assess risk.
Swaps traders are now indicating that a quarter-point hike from the Federal Reserve at its March meeting is more likely than an unusual supersized increase of 50 basis points.
Goldman's Startling Admission: "The Economy May Be Slowing More Than Expected"Feb 17, 2022 - 12:07:33 PST
Which then leads to the $64 trillion question: will the Fed continue its aggressive hiking plans, and if so will it dare to hike into a recession, or - as Zoltan Pozsar suggested earlier - is the Fed just trying to spike volatility, i.e., crash markets, in hopes of hammering inflation which as Joe Biden reminds Powell at every opportunity, is the only mandate the Fed has at this moment.
“We have to manage the risk that it does not dissipate, as some people might hope,” Bullard said.