Precious metals are apparently waking up. And here is where you can find the best deals.
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The May CPI report out Tuesday morning will likely settle the debate about whether the Federal Reserve pauses its rate hikes on Wednesday.
Global stock markets and Wall Street futures rose Tuesday ahead of a U.S. inflation update and a Federal Reserve decision on another possible interest rate hike. Forecasters expect it to show inflation eased in May but still was double the Fed's 2% target despite interest rate hikes to cool business activity. Traders hope the Fed will skip another rate increase when its monthly board meeting ends Wednesday, but that might be complicated if inflation is higher than expected.
Congress "solved" the debt ceiling problem by effectively eliminating borrowing limits for the next two years. But it did nothing to address the underlying problem. And that underlying problem is painfully obvious when you look at the monthly budget deficits the federal government continues to run month after month.In May, the Biden administration piled another $240.3 billion onto the fiscal 2023 deficit, running it to $1.38 trillion with four months left to go, according to the latest Monthly Treasury Statement.
Given the current macroeconomic environment and the supply and demand dynamics, silver is significantly undervalued at $24 to $25 an ounce.
THE GREEN RENEWABLE ENERGY CANARD: China Solar Power Manufacturing Dominance... Cheap Coal Power & Slave LaborJune 13, 2023
The entire Green Energy Movement is based upon a lie. Without cheap China coal power and slave labor wages, there is no GREEN ENERGY... there lies the rub. Unfortunately, the West doesn't want you to know that because it would destroy the "Green Energy Illusion." Let's first look at the...
Jun 12, 2023 - 13:06:28 PDT
In conclusion, the photovoltaic industry's impending impact on silver pricing cannot be overlooked. As the silver shortages loom on the horizon, it is only a matter of time before mainstream media reports on these significant developments. Once the news spreads, we can anticipate substantial price surges in the silver market.
Some 9 months ago, when silver was hitting its 2022 lows, the consensus view was that gold & silver would start an epic crash. We said something entirely differently: One Silver Chart Justifies ‘Buy The Dip’ For Long Term Positions. Silver bottomed in that same week, the rest is history. What’s interesting is that we used the gold to silver ratio for our forecast. Where does this ratio stand today, and what does it tell us about our silver forecast and gold forecast?
The gold price is hovering at near all-time highs as demand remains robust despite rising interest rates making other assets such as bonds more attractive. Recent market trends have fuelled speculation that even at current elevated prices, gold is being quietly stockpiled by central banks in China and Russia.
Leading analytics platforms such as Nansen and DefiLlama have all measured increased exchange outflows from Binance over the past seven days after news of the Securities and Exchange Commission’s lawsuit against the firm hit the airwaves.
Cryptocurrencies resumed losses Monday, though staying above their weekend lows, as last week’s regulatory crackdown by the US Securities and Exchange Commission weighed on sentiment.
Saudi Crown Prince Mohammed bin Salman warned the US would suffer economic consequences if President Biden retaliated for OPEC oil cuts that were announced last fall, The Washington Post reported. The Post report cited a document allegedly leaked to Discord by Airman Jack Teixeira, although it did not publish the document.
The world's nuclear powers, and China in particular, increased investment in their arsenals for a third consecutive year in 2022 amid swelling geopolitical tensions, two reports showed Monday.
Xi Prepares China for ‘Extreme’ Scenarios, Including Conflict with the West: WSJJun 12, 2023 - 12:39:58 PDT
As Beijing and Washington move gingerly toward restoring high-level exchanges, Xi Jinping is stepping up his effort to gird China for conflict.
Goldman Sachs Group Inc. Chief Executive Officer David Solomon said the Federal Reserve could still push interest rates higher as inflation remains stubbornly persistent.
The city’s lodging business has been squeezed by crime and other quality-of-life issues. San Francisco’s once thriving hotel market is suffering its worst stretch in at least 15 years, pummeled by the same forces that have emptied out the city’s office towers and closed many retail stores.
US paper mills are scaling back production as big-box retailers buy less cardboard, signaling a slowdown in consumer spending.
The pace of contraction is likely to quicken as the US Treasury rebuilds its account after the debt-ceiling deal, and the Fed runs down its balance sheet (QT). JP Morgan estimates that they will together drain $1.1 trillion of liquidity from the financial system over the next four months. Most of this will come from bank reserves, risking fresh trouble among struggling regional lenders. Could there be an M2 melt-down by September? Yes, there could. Whatever happens, US inflation is coming down.
Jun 12, 2023 - 09:34:17 PDT
So where do we sit today after Biden has signed the debt ceiling increase and massive spending splurge? First, look at the crashing bank deposit problem. Well, the solution is for The Fed to fire up the money printing press! Keep on printing!
Powell Caught in One Heck of a Squeeze: D, All of the Above is Also PossibleJun 12, 2023 - 09:32:33 PDT
Debt has a nasty habit of ruling the financial world of any entity, whether it’s a household, business or nation.
Jun 12, 2023 - 09:31:27 PDT
Tomorrow is the Federal government’s inflation report. As it stands today, overall inflation is slowing as M2 Money growth crashed. Core inflation remains persisitently high (white line), rent is still getting worse (orange dotted line at 8.1% YoY. What about food? Online food prices are up 8.2% YoY.