Time to batten down the hatches, folks. That warning comes from HSBC Asset Management earlier this week. It could be a long recession, too. It’s not that surprising, once you take the highlights of HSBC’s into account. Even worse, chief strategist Joseph Little added a bit of context…
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If you can see beyond the mainstream media’s attempted glossing over of Biden’s failures, one topic stands out: Historic inflation since June 2021. Of course, Biden doesn’t deserve all the blame for inflation heating up. Powell’s Fed practically ignored it until the “inflation train” had already left the station.
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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: John Williams on why inflation is worse than presented, Poland wants more gold, and Korea introduces gold ATMs.
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Gold price “was supposed to” hold above $2k, but it looks ready to break below $1,900. At what price can we see a turnaround? Let’s investigate gold’s chart to find out…
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Last week was another big week in what has become perhaps the most prominent cycle of inflation and interest-rate movements since the historic era of the “Great Inflation” 40-odd years ago…
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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Five-figure gold in the long-term, the silver supply picture is worse than we know, and prices force Turkish couples to turn to imitation gold for their traditional wedding celebrations.
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Boring day for precious metals, but brace yourself for some major stocks action! I’ll be honest – there’s not much going on today, at least for the precious metals market. Things are pretty interesting for stocks, though…
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U.S. manufacturing index contracts for seventh straight month. Are we headed for a recession? That appears to be among the most pressing economic questions of the day. And there doesn’t seem to be a consensus opinion one way or another.
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We’ve spent a lot of time discussing financial anxiety and planning for financial security past few years. Today, we’re going to shift gears. Instead, we’re going to discuss affluent Americans who are confident in their financial stability and believe their savings are secure enough to weather any economic storm.
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In a game-changing turn of events, yesterday’s FOMC meeting shattered hopes of a quick, dovish U-turn as the Fed announced the possibility of raising rates twice this year. Yesterday’s FOMC and the following press conference were groundbreaking.
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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Central banks could be planning modernize their gold reserves, Wheaton CEO’s gold and silver predictions, and BlackRock’s analysts on gold’s near-term prospects.
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Last Saturday, President Biden signed into law a bill that suspends the debt ceiling through January 1, 2025. With that gesture, the federal government avoided defaulting on its obligations for the first time in history. So, crisis averted, yes? For now, absolutely.
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Chirp, chirp!
Hear that? That’s the canary in the coal mine. The Bank of Canada just raised interest rates after two no-change decisions, and it was quite common for the Fed to follow the BoC.
Gallup, the Washington DC analytics and surveying firm, recently released the findings of its annual ‘Economy And Personal Finance’ survey which asks the US public the simple question “Which investment asset class do you think is the best long-term investment?“
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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Five reasons gold and silver will rise this year; global central banks still top gold buyers; and forecasts for $3,000 gold and $50 silver in the near-term.
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America may now be entering the part of the inflation cycle nobody likes. The feeling of prosperity cultivated by stimulus payments, expanded unemployment benefits and student loan forbearance is wearing off. Prices for goods and services caught up with the temporary surge in incomes. Bank savings are disappearing.
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It was only two months ago – in April – when everyone and their brother were convinced that gold stocks are going to soar? They laughed at my warnings that this kind of sentiment is what accompanies tops, not buying opportunities…
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After the shocking disqualification of one of our finalists and an extended vote, it’s safe to say it’s been an interesting vote in 2023. Now with only a week remaining – I have this feeling that quite literally anything could happen!
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All politicians, especially those in the Biden administration, are notoriously bad at anticipating the ripple effects of their “solutions” to problems like pandemics and inflation. Their response to emergencies has left us worse off.
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George Milling-Stanley, chief gold strategist at State Street Global Advisors, says gold has a real chance to smash its old price records before the end of the year. Now, gold has been above and below $2,000/oz. for more than a decade. Its initial foray into +$2,000 territory was supported by conditions nothing like where we are today…
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Fiscal hawks weren’t optimistic when Kevin McCarthy was elected Speaker of the U.S. House. The California Republican’s track record was dismal when it comes to spending restraint. Nearly 5 months into his term, it is now apparent McCarthy has no intention of holding the line against government expansion.
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Central Bank Digital Currency (CBDC, or in America let’s call it “FedCoin”) is a hot topic right now. Articles about it are everywhere, and Monetary Metals’ clients are asking about it. Gold is widely seen as a way to opt out. No doubt this is part of why the price of gold has held up so well.
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What are the consequences for the price of gold? Will gold go parabolic? Truth be told, though, there’s not that much to write because what we saw on the market on Friday took place in exact tune with what I wrote previously.
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According to Fidelity’s 2022 State of Retirement Planning Study, 71% of Americans say they are very concerned about the impact of inflation on their retirement savings plan. Nearly one-third admit they don’t know how to make sure their retirement savings keep up.
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President Joe Biden will meet with House Speaker Kevin McCarthy on Monday to hold high-stakes talks on the still-unresolved debt ceiling standoff. Both sides agree that the government will need to take on more debt in order to pay its bills.
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Recently we’ve documented a groundswell of popularity in gold as an investment. Google searches for how to buy gold recently hit a new record. Central bank gold buying, already fierce, is poised to grow even more. In short, there’s a “new global gold rush” underway:
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According to the latest Trustees report, approximately 66 million people receive some form of monetary Social Security benefits. The cost of Social Security programs have exceeded its income since 2021. So they’re underfunded (and falling behind).
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California-based Red Rock Secured, a finance company widely known for its commitment to customer satisfaction, is facing surprise civil charges this week. The Securities and Exchange Commission (SEC) alleges that Red Rock Secured have engaged in questionable practices over a span of five years.
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