Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
Global stocks headed for their first weekly loss of the year so far as markets switched focus from China reopening to recession risks driven by central bank rate hikes. Some analysts say equities have been showing too much optimism about an economic improvement, as both the U.S. Federal Reserve and the European Central Bank remain resolute about tightening monetary policy to battle inflation.
The flow of gold and silver out of Comex vaults has slowed in recent weeks, but there is no question that metal continues to move out.This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into and out of Comex vaults.
Pop some popcorn and get ready for the next political dog and pony show. The US government bumped up against its statutory borrowing limit this week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the looming debt ceiling fight and the deeper problems that will inevitably get ignored as everybody absorbs the political theater. He also talks about the growing bullishness in the gold market.
GLOBAL OIL PRODUCTION ACCOUNTING HIDING THE BIG PROBLEM: Why Growing Oil Production Isn't What It SeemsJanuary 20, 2023
The Major Energy Agencies are using clever accounting methods to hide the big problems with Global Oil Production. In this update, I share what is happening behind the oil industry curtain of accounting secrecy. When you understand the details, the coming Energy Cliff makes more sense...
Though India is the second largest market for gold in the world, the sector faced regulatory changes and shifting consumer behaviour, WGC said.
On this week's Radio Rothbard, Ryan McMaken and Tho Bishop celebrate World Economic Forum week by discussing the Managerial Revolution.
As Washington gears up for yet another political showdown over raising the federal debt limit, congressional Republicans are clearly hellbent on letting the US government default on its obligations. Unfortunately, allowing the GOP to drive the US economy off a cliff may be President Joe Biden’s best option right now.
The emergence of money is a market phenomenon. By surrendering fewer marketable goods for more marketable goods, individuals move closer to the goods they ultimately wish to consume but cannot acquire through direct exchange. The most marketable goods become common media of exchange (i.e., money).
Johan Smit wrote an opinion piece in which he highlighted the double standards of treatment in situations where the private sector was treated more harshly than the state when both parties committed similar offenses.
Is it possible to buy anything with gold coins these days? Absolutely, positively, YES - with some strings attached - as you will learn from Mike Maloney in today’s gold and silver update
Whether it is Europe's inflation struggle, China's real estate crisis or global protectionism, Gita Gopinath is skeptical about the immediate future. In an interview, though, the deputy head of the IMF also sees small glimmers of hope.
Jamie Dimon Says Congress Shouldn’t Play Games With the Creditworthiness of the U.S. GovernmentJan 19, 2023 - 12:00:43 PST
The JPMorgan CEO said even questioning raising the debt limit "is the wrong thing to do. ... This is not something you should be playing games with at all."
Fed Governor Lael Brainard Sees High Rates Ahead Even With Progress on InflationJan 19, 2023 - 11:59:29 PST
Brainard insisted that the Fed won't waiver in its commitment to taming prices that have come down some, but remain near four-decade highs.
Jan 19, 2023 - 11:32:06 PST
On the dismal retail sales report on Wednesday, the yield curve steepened towards deeper inversions.
Jan 19, 2023 - 11:28:15 PST
The response from The Federal Reserve was a massive printing of money (green line). And after governments stopped their economic shutdowns (coupled with massive money printing), we saw jobless claims and unemployment shrink rapidly BEFORE Biden took office as President.
The US Consumer Has Cracked: Discover Plunges After "Shocking" Charge-Off ForecastJan 19, 2023 - 11:27:16 PST
First, the total amount of credit card debt hit a new all time high, which however was to be expected from one of the most consistently increasing series across all US economic data, and one which predictably is correlated to the US savings rate which is at all time lows.
The world’s central banks bought 673 metric tons in one month, and in the third quarter, the figure reached 400 metric tons. This is interesting because the flow from central banks since 2020 had been eminently net sales.
"The 'chilling effect' of government censorship by corporate proxy has Americans on an icy slope that bottoms out in the sort of political slavery feared by the Founders and Framers." ~ Robert E. Wright
Social Security, Medicare, and Medicaid are still the chief drivers of our future debt. But Republicans aren't touching them.
US Treasury Hits Debt Ceiling, Begins Using "Extraordinary Measures", Yellen Tells CongressJan 19, 2023 - 08:11:22 PST
One week ago we correct predicted that the Treasury would hit its debt ceiling today, and as expected, in a letter to House speaker Kevin McCarthy, Yellen today wrote that "beginning on January 19, the outstanding debt of the United States was projected to reach the statutory limit" and that the "Treasury began using extraordinary measures" today. Some more details from the letter: