Even as silver prices have begun to rally off their lows for the year, the white metal remains one of the best bargains in the investment universe. Few other assets are as cheap on a historical basis as silver is today. Just don’t talk about Silver Eagles…
Full Article →Whilst it looks next to certain that the US and Europe are in or about to be in a recession, opinion seems divided over whether Australia will follow suit. Much of that relies on the health of our biggest trading partner, China.
Full Article →Are We in a Recession or Not?
Does the Answer Even Matter? Debate over whether the U.S. is in a recession rages on. GDP numbers say we are. Others disagree. But for earnest retirement savers, no declaration is needed.
Full Article →Gold as an answer to present day trouble – it’s the only asset to claim geopolitical neutrality, and it’s not just Russia’s official sector that’s hoarding gold.
Full Article →Weaponized IRS = Off-Grid Investing Boom
The Orwellian-named Inflation Reduction Act passed both houses of Congress and is now on its way to the White House. The politicians responsible for multi-trillion-dollar federal deficits and an out of control Fed planning to “reduce” inflation by spending another $700 billion they don’t have…
Full Article →Over 60% Households Living Paycheck to Paycheck
Americans seem to be hanging on by a financial thread as number of higher earners living paycheck to paycheck has jumped. There may be a lot of citizens who have a job to go to each day, but it turns out the mere fact they have a job is no assurance of personal financial viability.
Full Article →The official consumer price index (CPI) gauge of inflation finally eased in July, slowing 60 basis points to an 8.5% annualized rate. Further upstream, the producer price index (PPI) also slowed from 11.3% to 9.8% year-over-year. Now, let me be clear: this is good news.
Full Article →US shares rallied again Friday night largely it seems off the back of a slightly softer PPI (Producer Price Index – i.e. inflation at the ‘factory door’). The market desperately looking for confirmation bias around an imminent Fed pivot got what they were looking for
Full Article →Does Gold Know a Recession Is Coming?
Recession has already occurred or is on its way.. Somebody should tell gold about it! Is a recession really coming? We already know that the yield curve inverted last month for the second time this year, but what are other indicators of looming economic troubles?
Full Article →Overall global solar panel production has been growing over the last 10 years while the actual amount of silver in each panel is set to increase. A number of major technological changes on the horizon are set to kick industrial silver demand into overdrive
Full Article →Strong Jobs Shift Upper Hand from Gold to Fed
Strong Job Creation Shifts the Upper Hand from Gold to the Fed. The US economy generated almost 530,000 jobs in July. That’s good for monetary hawks but bad for gold bulls.
Full Article →In the wake of gold briefly passing the strong $1,800 resistance level, Equinox Partners’ Sean Fieler spoke about gold’s role in the coming financial crisis saying a sovereign debt crisis could catch some off-guard: ‘the kindling is set, and you just need one little spark to ignite the fire.’
Full Article →Gold has a unique appearance. It is also astonishingly heavy—much heavier than it has any right to be. Everyone should hold one in his hand (and own a few). But that’s not why many gold analysts today are saying you should buy gold.
Full Article →The federal criminal trial of JP Morgan executives Michael Nowak, Gregg Smith, and Jeffrey Ruffo began on July 8th. These senior bankers are accused of running a years-long scheme to manipulate precious metals prices through what is known as “spoofing.”
Full Article →US markets were shocked Friday when the NFP employment figures we discussed on Friday came in at literally more than double the expected headline print with 528,000 new jobs added in July and the unemployment rate dropping to 3.5% from 3.6% and wages rising to 5.2%.
Full Article →Gasoline prices have been dropping. As they do, some are suggesting the worst of inflation is behind us. Could June’s 9.1% headline inflation rate represent peak inflation? There’s been no shortage of concerning economic data for many months. And now we just learned the country is now in a “technical” recession.
Full Article →The Yield Curve Inverts. Time for Gold to Turn Back
Ever wondered what the yield curve’s favorite song is? Neither have I, but I bet in July it was Britney Spears’ hit, Oops, I Did It Again, as the yield curve inverted again last month, for the second time in 2022. It means that long-term rates fell below those on shorter-dated bonds.
Full Article →Recession Good For Gold – Crisis Even Better
Ladies and gentlemen, please welcome the technical recession! According to the initial measure of the Bureau of Economic Analysis, real GDP dropped 0.9% in the second quarter, following a 1.6% decline in the first quarter
Full Article →Zimbabwe has begun issuing 1oz (22-carat) gold coins as legal tender to be cashed in, used for trade, transactions, and as a security for loans. 1,500 coins were released on 25 July), and there are a further 2,000 in the pipeline.
Full Article →If you had to pick 3 things that drive the gold price many would say inflation hedge, safe haven in economic turmoil, and war. As we sit here today, 3 August 2022, the headlines are screaming all 3.
Full Article →Stanford Economics professor says that the Fed will neither stop raising interest rates nor limit rate hikes to just one or two more. Instead, he thinks the Fed needs to jack up interest rates to 9%, possibly higher, to truly deal with inflation.
Full Article →‘Wishful Thinking’ Fed Anything But ‘Neutral’
With last week’s second 75 basis-point rate hike, the Federal Reserve now claims it has achieved a “neutral” monetary policy stance. That would mean, in theory, that interest rates are neither stimulating nor restraining the economy.
Full Article →The World Gold Council’s quarterly Demand Trends report for Q2 2022 have just been released and as usual we summarise for you. Overall despite Q2 weakness, strong first quarter ETF inflows fuelled a notable H1 recovery.
Full Article →It’s Official: Unemployment Claims Are on the Rise. We keep hearing the job market is proof of our economy’s strength, but labor force participation is at a near-50-year low and unemployment claims are actually on the rise.
Full Article →Gold The Dovish Light In Fed’s Hawkish Night
Support for aggressive tightening has strengthened within the FOMC. Indeed, the current tightening cycle is much steeper than the two previous ones, in which the Fed usually raised interest rates in 25-basis point moves, as the chart below shows.
Full Article →Gold investors shouldn’t look forward to a reversal in the Federal Reserve’s tightening policies because a flip-flopping Fed would create the kinds of economic instability that not even the biggest gold investors would appreciate.
Full Article →In what feels very much like a ‘here we go again’ moment, the market was looking for any cue that the Fed will soon pause or pivot signalling a return to easy money. And so, whilst raising rates a whopping 75bps, the first sentence of the statement delivered…
Full Article →Good news, says a sizable chorus of observers: Peak inflation finally has arrived. We can count President Biden among those who are singing that tune. But does a moderation in fuel prices signal that peak inflation has been realized?
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