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\Federal Reserve Chair Jerome Powell hinted that the central bank may re-accelerate the pace of its interest-rate increases if economic data warrants. But such a move would be a mistake, according to a bond manager who beat most of his peers last year.
Panic is spreading across the financial world as concerns about the stability of Silicon Valley Bank prompt prominent venture capitalists including Peter Thiel’s Founders Fund to advise startups to withdraw their money.
10 banks that may face trouble in the wake of the SVB Financial Group debacleMar 10, 2023 - 05:25:25 PST
Silicon Valley Bank wasn't well positioned for rising interest rates, leading to losses and a dilutive capital raise. Other banks show similar red flags.
10 Banks That May Face Trouble in the Wake of the SVB Financial Group Debacle: MWMar 10, 2023 - 05:25:25 PST
Silicon Valley Bank wasn't well positioned for rising interest rates, leading to losses and a dilutive capital raise. Other banks show similar red flags.
Sticky price pressures will make it harder for central banks to stay committed to current inflation targets, a narrative that will drive currency markets from here on, Bank of America Corp.’s strategists say.
Equity investors who piled into financial stocks to ride out the harshest Federal Reserve tightening cycle in four decades are getting a reminder that surging interest rates aren’t always a blessing.
The budding crisis in the banking world has created another challenge for Jay Powell and the Federal Reserve as they try to tame inflation with interest rate hikes.
Government bonds surged and stocks slid as signs of distress at a California lender spurred broader worries over the US banking sector’s debt holdings.
Concerns about a California bank come at a time when investors have been flipping between worrying about the economy and seeing an end to the recent market turmoil.
SVB Financial Group (SIVB), which is partnered with nearly half of all venture-backed tech and health care companies in the United States, was forced to raise capital after it sold part of its portfolio of US Treasuries at a loss to cover a rapid decline in customer deposits.
There has been a lot of talk about central bank digital currencies (CBDCs) lately. Supporters tell you they will provide a safe, secure, convenient alternative to cash. But in this episode of the Friday Gold Wrap, host Mike Maharrey digs deeper and explains that CBDCs are actually about more government control. He also talks about how Jerome Powell talked and tanked the markets this week.
With the biggest U.S. Bank Run in over a decade, investors and depositors are concerned if this will spread throughout the banking industry. Today, Financial Regulators stepped in and shut the doors at Silicon Valley Bank, but the FDIC said depositors will have access to their "Insured deposits" no later than Monday...
Rob McEwen, Executive Chairman of McEwen Mining, discuss how the devaluation of fiat currencies could push gold to $5k per ounce by 2027, and another metal will gain by 1,000%.
Mar 9, 2023 - 13:12:23 PST
The CEO of First Majestic Silver thinks that in the medium to long-term, silver could reach $125 per ounce, thanks to the automobile industry.
The only solution to prevent fiat currencies from collapsing entirely is to officially recognize and reintroduce gold as money, making it the standard against which all credit is valued.
They offer high returns, low correlation with other assets and protection from inflation.
Looking ahead, we see little reason to doubt that central banks will remain positive towards gold and continue to be net purchasers in 2023.
Central bank gold buying picks up where it left off, adding another 77 tonnes of net accumulated gold reserves by early 2023, according to the latest data compiled by the World Gold Council…
Singapore's Central Bank Boosts Gold Reserves By 30% To Nearly 200 TonnesMar 9, 2023 - 13:03:20 PST
n January 2023, Singapore’s central bank, the Monetary Authority of Singapore (MAS) returned to gold buying again, adding a massive 44.6 tonnes of gold to its official reserves, and thereby boosting Singapore’s gold holdings from 153.8 tonnes to 198.4 tonnes.
The Shanghai Gold Exchange (SGE) on Wednesday backed Perth Mint in denying that the Australian processor had sold it "doped" gold bars and said it could take action to protect its reputation.