Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
That they lost gobs of money every year didn’t matter until suddenly it did. But now there’s a new challenge heading for them.
Jan 31, 2022 - 07:29:57 PST
The economy is not soaring as widely believed. Details show weakness and there are six strong reasons to believe that weakness will accelerate.
The only thing that’s been decisive is the indecision. The Fed should have tightened by now to start tackling inflation — and still needs to get on with it.
Jan 31, 2022 - 06:04:13 PST
Ahead of the meeting speculators had been loading up on gold, cut oil longs while reducing bullish dollar bets by 40%. All developments that partly help to explain the aggressive reaction to the meeting and its raised forecast for future rate hikes.
Jan 31, 2022 - 05:54:45 PST
For example, German households own more than 9,000 tons of gold, while the Bundesbank has 3,362 tons. In Italy, some 6,418 tons of gold are privately owned, compared to 2,452 tons owned by the Central Bank and in France it is 4,714 tons of private-owned gold compared to 2,436 tons in the bank.
So if the bulk of current inflation is cyclical ... a recession or years of high inflation. Chair Volcker opted for recession, but inflation in the 1970s was much, much higher. I suspect Chair Powell will not deliberately engineer a recession. The challenge, of course, is knowing how much policy tightening is too much. To be clear, our baseline view is that most of the inflation will prove temporary, but it always pays to ask “what if we are wrong?”
Jan 31, 2022 - 05:41:26 PST
The world’s largest sovereign wealth fund has warned that investors face years of low returns as the surge in inflation becomes a permanent feature of the global economy.
Disruptions in China Can Lead to 'Ripple-Effects' Across Global Supply ChainJan 31, 2022 - 05:36:42 PST
The pandemic has revealed "how lean the supply chain has become. And there is little margin of error," said Parash Jain, global head of shipping at HSBC.
Russia Is Willing To Go to War and Incur Sanctions Over Ukraine, Analysts WarnJan 31, 2022 - 05:33:55 PST
Russia is willing to risk "real financial harm" and all-out war to achieve its political objectives in Ukraine, defense analysts have said.
Stock Futures Are Lower Ahead of Final January Session; S&P Heads for Worst Month Since March 2020Jan 31, 2022 - 05:31:31 PST
S&P 500 is headed for its worst month since the pandemic-spurred market turmoil in March 2020.
Turkey's president repeated his unorthodox economic policy on Saturday and said the country's economic woes would pass.
Global demand for natural gas will increase only marginally this year as declining use in Europe stifles a post-pandemic recovery in consumption of the fuel.
Chinese gold consumption rebounded in 2021, rising by 36.53% year on year as the market continues to recover after taking a hard hit during the coronavirus pandemic.More significantly, gold demand was up 11.78% compared with consumption in 2019, before the pandemic.China ranks as the world's number one gold consumer.
Leaders from Apple, McDonald’s, Southwest and other companies share what they are seeing and doing about rising prices.
The U.S. dollar edged lower in early European trade Monday, handing back some of last week’s gains at the start of a week dominated by central bank meetings.
The central bank had been the biggest buyer of mortgage bonds, but now it is stepping back and borrowing costs are rising.
Is bitcoin an inflation hedge?Peter Schiff recently appeared on RT Boom Bust with Natalie Brunell of Coin Stories to discuss inflation and whether bitcoin is a hedge. Peter said bitcoin is not an inflation hedge. He called it a "speculative token" with its price driven by supply and demand.But what about gold? It didn't perform like an inflation hedge in 2021 despite the inflation freight train. Peter said the reason gold has had some problems is because the market wrongly believes the Fed.
METALS & MARKET UPDATE JAN 30th: What's Next For Precious Metals & China SilkRoad Begins To CollapseJanuary 30, 2022
The much-touted China Belt Road Initiative begins to collapse under the massive weight of debt and future energy scarcity. Also, European natural gas inventories continue to plunge, putting the world even closer towards the Energy Cliff...
In a stunning change, Turkish silver exports surged to the United States in 2021 as citizens sold metal to offset the collapse of the Lira. Thus, silver behaved exactly how it should by protecting wealth for Turkish citizens as the Lira continues to evaluate. However, this is just the beginning...
Here in Part 2 of our interview with contrarian macro analyst David Hunter, David reveals the assets he thinks will perform best during the 40% meltup in the markets he sees ahead (all the way to 6,000 on the S&P 500).