And so, it happened – against the odds and rising real rates, the USDX is at a new yearly low. But is gold at a new yearly high?… The decline in the USDX was truly significant. Things are (still) very exciting on the USD Index front. Yes, it’s declining, and yes, it’s excitingly… Bullish.
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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Russia announces gold-backed BRICS, Larry Lepard predicts total fiat failure by 2030 and Zoltan Pozsar’s take on the new monetary world order.
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2023 is barely half finished. Yet already we know America’s flirtation with debt default will most certainly prove to be one of the biggest news stories of the year. The way events unfolded still may be a fresh memory for some.
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On 2023-07-10, the expected price range for the Gold Continuous Futures was projected to have a low of 1,911.28 and a high of 1,950.93. This forecast was based partially on the previous day’s data, where the opening price was 1,917.50, the highest point reached was 1,941.10, the lowest point was 1,915.40, and the closing price was 1,930.50.
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The speed at which a bank can be deemed insolvent has increased dramatically with improvements in communication and technology, which prompts businesses, institutions, and wealthy individuals to rethink ways to safely store their cash.
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So, yeah, gold, silver, and mining stocks declined yesterday. This did not surprise you, as I’ve been emphasizing multiple reasons due to which this was the likely outcome. But I admit the power with which juniors declined yesterday amazed me even more than I thought it would. And I get rarely surprised by the markets.
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n a historic move, the New Jersey Assembly has unanimously voted to eliminate the sales tax on physical gold and silver. Assembly Bill A5294 exempts precious metals purchases over $1,000 from state sales taxes, aligning New Jersey with the majority of states that have already ended this regressive tax.
Full Article →On 2023-07-05, the expected price range for the Gold Continuous Futures was projected to have a low of 1,907.11 and a high of 1,938.28. This forecast was based partially on the previous day’s data, where the opening price was 1,917.90, the highest point reached was 1,929.50, the lowest point was 1,917.90, and the closing price was 1,921.70.
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The month is over. The week is over. Some things changed, some things didn’t. What can one predict for gold price in July 2023? While it might appear that not much happened in gold last month, in reality, it declined by over $50 – and that’s no small feat.
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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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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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