Gold has all the potential to go unprecedentedly high. But silver will be gold on
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A Las Vegas, Nevada resident has sold his prized possession, a superb condition silver dollar made in 1794 that many rare coin experts believe is the first silver dollar ever struck by the United States Mint. It has been purchased for a record $12 million by GreatCollections Coin Auctions of Irvine
Swiss gold exports rose final 12 months to their highest since 2018 as demand for bullion in China and India, the largest client markets, recovered from a
Russia’s international reserves rose to almost $640 billion over the week, hitting a new all-time high
Jan 28, 2022 - 12:53:00 PST
Fed signals plans to start raising rates in March — DiMartino Booth with Charles Payne of FBN Making Money.
They’re about to make things worse with tightening into weakness, with tapering and with rate increases. The market already sees this coming because they’ve seen the movie before. They know how it ends.
And it ends poorly.
Inflation has eaten up every penny of income gains for the last year.
The Fed Put is very real, top Fed officials cave soon after tightening cycles fuel major stock selloffs. This next one won’t prove any different.
Chinese stocks extended their nearly $1.2 trillion rout this month even as mutual funds, state media and companies all intensified efforts to support the market.
Imbalances in the Chinese economy have worsened and delayed China’s transition to consumption-led growth, the International Monetary Fund said in an annual review on Friday, slashing its outlook for the country this year.
Meanwhile, they’ve unleashed a wave of price inflation that will soon surpass their late-1970s / early-1980s handiwork, as it rockets towards the 19.66 percent CPI that was hit in 1917.
Jan 28, 2022 - 11:57:20 PST
Let’s look at the 10Y-2Y Treasury curve. It typically falls below 0 basis points before every recession. Except the mini-COVID recession of 2020. But notice that the Treasury curve did not recover from the COVID recession as it typically did. More along the lines of 1984-1985.
Nothing says "BTFD in stocks" like collapsing sentiment (UMich 10 year lows this morning) and crashing growth expectations and no lesser entity than The Atlanta Fed just released its latest GDPNOW forecast for Q1 economic growth in the US... and it's a doozy.
After the Consumer Price Index surged last year to its highest level since 1982, politicians are feeling pressure from constituents to do something about it.
Jan 28, 2022 - 08:50:05 PST
Rising energy costs have helped create the rise in consumer prices and inflation. Not to mention chip shortages for car and trucks. The University of Michigan conditions for vehicles plummeted to 46 (100 baseline) as used vehicles prices sky rocket.
The equity, real estate and bond markets all rode the coattails of the Fed's ZIRP and easy-money liqudiity tsunami for the past 13 years. As those subside, what's left to drive assets higher?
The post-meeting statement from the Federal Open Market Committee (FOMC) did not provide a specific time frame for increasing the overnight lending rate. However, there are many indications that such could happen as soon as the March meeting. As shown in the charts below courtesy of “The Daily Shot.”
Whoosh Goes the Fed’s Lowest Lowball Inflation Measure. And Eats Up All Income Gains Plus SomeJan 28, 2022 - 08:38:22 PST
Powell should pay attention here so he’s better prepared at the next press conference when asked about the impact of inflation on regular Americans.
Shortages, Massive Inflation, Worst Trade Deficits Ever, & Hyper-Stimulated Growth Ends with a BangJan 28, 2022 - 08:36:53 PST
But companies were finally able to rebuild some woefully low inventories.
This week, I had to opportunity to speak to one of my all time favorite podcasters, Tom Bodrovics from Palisades Gold Radio about my arguments from my latest article on inflation, called “Inflation Is The Kryptonite That Will End Our Decades-Long Monetary Policy Ponzi Scheme”.
Jan 28, 2022 - 08:22:32 PST
The last thing a volatile stock market needs right now is more surprises from the dark corners of Wall Street. Unfortunately, we can guarantee you that more surprises are coming in the way of uncleared derivatives blowing up on the balance sheets of publicly-traded corporations.