Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
The European Central Bank needs to look beyond the current spike in inflation as it sets monetary policy, to avoid choking off economic growth, Governing Council member Olli Rehn said.
Businesses are passing their rising costs on to consumers with new fees, truncated services and reduced contents in packaged goods, which don’t always show up in inflation data; “shrinkflation” hits a block of cheese.
The Federal Reserve faces a growing risk of making a policy mistake, tipping the economy into a recession, as it confronts decades-high inflation that’s proving more persistent and broad-based than policy makers expected.
The worldwide score company pushed the long-term debt score deeper into junk territory, decreasing it from BB- to B+ — placing G20 nation on a par with Benin, Egypt, Turkmenistan, Rwanda and Kenya.
Larry Summers today called for the Fed to immediately hold a special meeting and conclude QE a month early. Seems like the minimum they could do. I’m not holding my breath. Others suggest a 50 bps hike in March. Reasonable enough, though our cautious central bank is pushing back.
If you are going to watch the Superbowl today, get ready for lots of Crypto ads. Also, the legendary football quarterback, Tom Brady has retired after 22 years and is now going FULL BORE into Cryptos and NFTs. When the NFL's top quarterback is going into Crypto, you know we are heading towards PEAK INSANITY...
Rollercoaster Markets! Earnings, Inflation & Ukraine Send Prices Zig-ZaggingFeb 12, 2022 - 09:57:54 PST
Yet another whipsaw week for the markets... Earnings, the January 7.5% CPI print, and growing Ukraine invasion fears sent prices and bond yields zig-zagging wildly. In this week's Weekly Market Recap, Lance Roberts and I break down what went on and what the major assets should do going forward under the most likely scenarios.
The price of gold may reach about $2,100 an ounce, up from its present price of around $1,800 per ounce by the end of 2022. However silver prices, could hit $40 -- roughly double from where they are today if certain conditions are met.
Gold Easily Clears $1850.00 As Surging Inflation & Ukraine Tensions Spur Safe-Haven DemandFeb 11, 2022 - 13:00:01 PST
Gold prices jumped on Friday to a near two-month peak as concerns over surging inflation and escalating tensions between Russia and Ukraine lifted demand for the safe-haven metal.
With price inflation at a 40-year high, the question remains if the Fed plans to do anything to actually scale back the monetary inflation—a sizable factor in today's price inflation. The price inflation rate has been above 4 percent since April of last year, and has accelerated past 6 percent since October.
"When it comes to fiscal policy, we’re off the edge of the map. The typical stories told by unreconstructed Keynesians are clearly wrong. But that doesn’t mean we never need to worry about fiscal inflation."
Inflation is caused by the Fed counterfeiting dollars. No counterfeiter, No inflation. This "system" is unconstitutional and a recipe for severe economic disaster. Money must be sound and counterfeiting must never be legal for anyone. The sooner we adopt sound money, the better. To continue to delay is to continue to recklessly play with fire.
White House Now Gives Americans "24-48 Hours" To Exit Ukraine, Warns Invasion "Could Begin During OlFeb 11, 2022 - 12:07:25 PST
update(2:43pmET): The White House is now telling Americans in Ukraine to get out of the country "immediately" - giving a 24 to 48 hour time frame to make a safe exit. National Security Adviser Jake Sullivan urged all US citizens in Ukraine "to depart immediately." The number of Americans in the country is often estimated in the tens of thousands - likely somewhere around 30,000 - including dual citizens.
The U.S. military downplayed the deployment, saying it was a "long-planned Bomber Task Force mission," but one U.K. defense source told The Telegraph, "Is this aligned to current tensions? Yes and no."
Say goodbye to Hamilton’s master plan. Time to buy some gold before the rush into hard assets really begins.
Yield spikes but spreads collapsed across the board on Thursday as the market priced in more rate hikes as well as sooner rate hikes by the Fed.
Geopolitical tensions are casting a pall over the Olympics in China amid rising fears of war with Russia. As nations prepare for conflict, investors should brace for potential fallout in asset markets.
Oil Soars; Ruble, Stocks Tumble: ”US Believes” Putin Will Launch Invasion Of Ukraine Next WeekFeb 11, 2022 - 11:25:23 PST
When it comes to the geopolitical hot spot du jour, every day is Groundhog Dog with a random daily leak out of the deep state through its preferred mainstream media mouthpieces that a Russian invasion on Ukraine is imminent any second now even if there is zero evidence confirming this, and even if one never actually takes place, and today was no different...
The House passed the bill this week with little fanfare and broad bipartisan support.
Jeffrey Gundlach Says the Fed Is 'Obviously Behind the Curve,' Will Raise Rates More Than ExpectedFeb 11, 2022 - 11:11:07 PST
DoubleLine's Jeffrey Gundlach said the Fed is failing in its battle against a spike in inflation, and the central bank is slated for accelerating rate hikes.