News

Biden And The Media's 'Anti-Disinformation' Campaign Authored by Andrew Lowenthal via The Brownstone Institute, "The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.” - George Orwell, 1984 For years the media, “fact-checkers,” and “anti-disinformation” initiatives told the public there was nothing wrong with Joe Biden. A few weeks ago, in the space of five minutes, they flipped. Rapid-onset dementia had struck the President and it was time for change. The people who claim they can sort truth from fiction […]

Does Disney's Dramatic Decline Reflect Growing Public Opposition To Woke Activism? The participation of major corporations in the molding of cancel culture should not be overlooked.  While many people assumed that companies were "bending the knee" to progressive activists, the opposite was actually true.  Woke movements are a minority within western populations and have no boycott power.  There's never been any reason for businesses to be afraid of them. In fact, without the support of companies like Blackrock, Vanguard, Google, Facebook, Twitter and many others the cancel […]

"A Crisis Of Extremes": Behind The Homeless Surge In California's High Desert Authored by Beige Luciano-Adams via The Epoch Times (emphasis ours), In the scrubby Mojave desert north of Los Angeles, a sprawling encampment of decrepit RVs sits just off a dirt road separating the city of Lancaster from Los Angeles County’s unincorporated expanse. A homeless man lives in an old RV that sits in the Mojave desert, near Lancaster, Calif., on July 10, 2024. (John Fredricks/The Epoch Times) In every direction, garbage spreads out like an algae super bloom—beyond that, endless sand […]

Gab Founder Says Trump Shooter Thomas Crooks 'May Have Had Account' - Was Pro-Biden Thomas Crooks, the 20-year-old resident of Bethel Park, PA who allegedly tried to assassinate Donald Trump may have had an account on social media alternative website Gab.  He apparently used the platform to spread messages in support of President Joe Biden, indicating a progressive political leaning.  Gab CEO Andrew Torba says he has received “an emergency disclosure request from a law enforcement agency” pertaining to a specific account linked to Thomas Crooks. The account […]

FBI Director Debunks Biden's Claim That J6 'Gallows' Were Designed To Hang Mike Pence Authored by Ken Silva via Headline USA, President Joe Biden said in a recent speech that the infamous gallows built on Capitol Hill on Jan. 6, 2021, were “erected to hang Vice President Mike Pence.” These men, who built the Capitol Hill gallows on Jan. 6, still haven't been identified. PHOTO: House Administration's Subcommittee on Oversight That’s a strong claim coming from the sitting—at least for now—leader of the free world. Rep. Thomas Massie, R-Ky., asked FBI Director Chris Wray […]

Trump Tells Netanyahu A 'Third World War' Is Likely If He Loses In November Former President Trump met with Israeli Prime Minister Benjamin Netanyahu at his Mar-a-Lago estate in Florida on Friday, just after the Israeli leader met with President Biden and VP Harris. Trump claimed in the context of the meeting that a major war in the Middle East - and even possibly a "third world war" - will break out if he doesn't win the election. He's long been running as the candidate who will deescalate global hotspots that Washington is too deeply embedded in. "If we win, it’ll be […]

The FDA's Disastrous War Against Sleep Authored by 'A Midwestern Doctor', Story at-a-glance The power of sleep — Proper sleep is essential for our health, and disruptions can lead to severe issues like heart attacks, psychiatric illnesses, car accidents, fatigue, diabetes, cognitive impairment, and dementia A widespread epidemic — Poor sleep affects many due to a lack of understanding about its importance and the use of sedative sleeping pills that hinder healthy sleep. For instance, medical training often deprives students of sleep, despite its critical role in […]

Here is more proof that most people are broke, but look at this surprise... The post More Proof That Most People Are Broke, But Look At This Surprise… appeared first on King World News.

Former Aide To NY Governor Hochul's House Raided By FBI A home of a former aide to New York Gov. Kathy Hochul was raided by the FBI earlier this week, according to NBC.  The Manhasset house was owned by Linda Sun, who served as the deputy chief of staff to the governor, the report says.  The FBI commented earlier this week stating it had carried out “court-authorized law enforcement activity”, but refusing to provide further details.  NBC reported that per her LinkedIn profile, Sun served as a senior advisor on business development, legislative priorities, and […]

On Kamala's "Inspiring" Backstory & The Big Lie About "Unity" Authored by James Hickman via SchiffSovereign.com, The year was 1994. Former NFL superstar OJ Simpson has just fled from police in the infamous low speed chase in his white Ford Bronco. Pulp Fiction was playing in the cinemas. And 29 year old Kamala Harris began dating one of the most powerful politicians in the State of California— Willie Brown. Brown had been in politics for decades at that point and has risen to become the Speaker of California State Assembly, then Mayor of San Francisco. (And despite […]

22 Year Old Arrested For Allegedly Stealing Seattle Fire Truck A 22-year-old man was arrested this week after allegedly stealing a Seattle Fire Department truck, according to KOMO.  On Wednesday morning, the man rode a scooter to the truck, entered it, activated the lights and sirens, and attempted to drive away around 3:30 a.m. on the 9200 block of Second Avenue Southwest. The suspect couldn't deactivate the parking brake and only managed to drive around the corner before exiting the vehicle, the report said.  A witness reported seeing a man on a scooter ride up to a fire […]

In Defense Of Standardized Testing Authored by John Hilton-O'Brien via The Epoch Times, There’s been a lot of noise about getting rid of standardized exams. Supposedly, minorities are at a disadvantage with them. Consequently, the argument runs, doing away with standardized exams will allow more minorities to enter into prestigious career paths, enhancing “social justice.” If you look more closely at the history of standardized exams, however, this isn’t true.  Instead, getting rid of standardized exams serves the interests of an elite class—and will permanently […]

Manhattan DA Argues Trump Case Not Affected By Supreme Court Immunity Ruling Manhattan District Attorney Alvin Bragg has argued in a new court filing that former President Trump's criminal case and guilty verdict are not affected by the Supreme Court's recent ruling on presidential immunity. Manhattan District Attorney Alvin Bragg (L) steps away after speaking to the media after a jury found former President Donald Trump guilty of falsifying business records in New York City on May 30, 2024. (Seth Wenig/AP Photo) "That decision has no bearing on this prosecution and would not […]

Lies... Authored by W.J.Astore via BracingViews.com, They’re Everywhere in America Soon after Joe Biden took office as president in 2021, I remember hearing that his VP, Kamala Harris, was put in charge of immigration, informally known as the “border czar.” Yesterday, the House passed a resolution condemning Harris for her handling of the border crisis. Yet I’ve also been hearing from Democrats and the media that Harris never was the border czar, even as there’s plenty of video evidence of networks like ABC, CBS, and NBC referring to her using that term. Denying […]

Arizona State Senator Claims "Political Persecution" After Ticketed Doing 71 MPH In A 35 MPH Zone After being caught driving 71 in a 35 mph zone, Arizona State Senator Justine Wadsack is claiming she is the victim of "political persecution".  As a result, she's refusing the sign the citation, according to reports from Jalopnik, citing the Tucson Sentinel.  According to the report, in Arizona, driving 20 mph or more over the speed limit is a Class 3 misdemeanor. The penalties include up to 30 days in jail, up to a year of probation, a $500 fine, and three points on your […]

US Maternal Mortality Rates Remain the Highest Among High-Income Countries: Research Authored by George Citroner via The Epoch Times (emphasis ours), The United States continues to lead developed nations in maternal deaths, with some experts calling the recent rise unprecedented despite spending trillions on health care. Mental health issues, racial disparities, and a shortage of specialized care providers all contribute to this “crisis,” according to a report by the Commonwealth Fund, an independent research foundation that focuses on health care issues. […]

51 Days Later, Two Boeing Starliner Astronauts Still Stranded On International Space Station There is still no return date for astronauts Butch Wilmore and Sunita Williams, who remain stranded on the International Space Station due to thruster failures and a helium leak in their Boeing Starliner spacecraft, according to Space.com. On Thursday, NASA's commercial crew program manager Steve Stich told reporters, "We don't have a major announcement today relative to a return date," adding, "We're making great progress, but we're just not quite ready to do that." Stich […]

Rate Of Shoplifting Spikes Across US Authored by Eric Lundrum via American Greatness, The rate of shoplifting saw a noticeable increase in the first half of 2024, even as the rates of other crimes fell to levels not seen since before the pandemic. According to the Daily Caller, a study by the Council of Criminal Justice (CCJ) determined that shoplifting rose by 24% in 23 different cities across the country, compared to the first half of 2023. That rate is also about 10% higher than the first half of 2019. Meanwhile, the rates of homicide and robbery fell to lower than the […]

WTF Is Going On With The Fed's Reporting Of US Bank Deposits The last two weeks have seen US bank total deposits rise by $33BN (on a seasonally-adjusted basis)... Source: Bloomberg But.. on a non-seasonally-adjusted basis, total US bank deposits have fallen $40BN... Source: Bloomberg Which makes us ask again - what exactly is a 'seasonally-adjusted bank deposit'? But we will move on from that farce. Excluding foreign deposits, the picture gets even more malarkey-ful - a $9BN unadjusted deposit outflow is magically morphed into a $27BN inflow by The Fed's fuckery. The […]

Saving Our Democracy... Authored by James Howard Kunstler via Kunstler.com, “Being insane is the new normal.” - Aimee Terese on “X” However it happened this week, “Joe Biden” passed the blowtorch to a new generation and got himself gone from the political battlefield. Delegates to the coming Democratic National Convention (August 19) were duly notified of the selected replacement, Veep Kamala Harris, and ordered to line up behind her. Not a peep of disagreement was heard among them. Amazing that no one had a different idea. Thus, is democracy saved. The […]

Two Trillion & Counting... The Mega-Cap Meltdown Continues Since peaking on July 10th, the market cap of the Magnificent 7 stocks has dropped a mind-numbering $2 trillion... Source: Bloomberg As another week goes by (the third in a row) with Small Caps (+3%) dramatically outperforming Nasdaq (-3%). The Dow ended the week green but S&P red (but closed above its 50DMA)... That has crashed Nasdaq back into 'normal' range with the Russell for the last year... Source: Bloomberg And the biggest three week underperformance of Nasdaq vs Small Caps since the very peak […]

Navy To Expunge Records For SEALs, Sailors Who Refused COVID Vaccines Authored by Zachary Stieber via The Epoch Times, The U.S. Navy has agreed to correct the records of SEALs and sailors who declined to receive COVID-19 vaccines due to their religious beliefs, under a settlement approved by a federal court on July 24. “Defendants agree to re-review the personnel records of all class members to ensure that the U.S. Navy has permanently removed records indicating administrative separation processing or proceedings, formal counseling, and non-judicial punishment actions taken […]

Racism And Sexism: The Campaign Theme Of The Harris-Whoever Ticket Authored by Richard Truesdell and Keith Lehmann via American Greatness, Is Kamala Harris the quintessential DEI hire? It’s a legitimate question, given that Joe Biden made it clear during his 2020 election-year campaign that he would only consider a black woman for his VP slot. As president, he also claimed that the choice of Supreme Court Justice replacement for Stephen Breyer would be limited to a black woman. Not even the most qualified black woman, just someone possessing dark skin and lady parts. […]

The FBI is warning about a widespread scam targeting seniors and others, where fraudsters convince victims that their bank accounts are compromised. The scammers then persuade victims to withdraw large sums of cash or purchase gold bars, which are collected by fake couriers posing as officials. This scheme has resulted in significant financial losses for victims, often amounting to hundreds of thousands or even millions of dollars. The FBI is actively investigating these cases and urging the public, especially seniors, to be vigilant against such fraudulent activities.

Fair Share? Yellen Says US Opposed To Global Wealth Tax On Ultra-Rich Authored by Tom Ozimek via The Epoch Times, A proposal for a worldwide tax on the assets of the ultra-wealthy that’s being pushed by some countries within the G20 does not have the support of the Biden administration, according to Treasury Secretary Janet Yellen. Ms. Yellen told reporters at a July 25 press conference during the G20 finance ministers meeting in Rio de Janeiro, Brazil, that the United States thinks that a global agreement on taxing ultra-high-net-worth individuals is neither practical nor […]

Bidenomics Failure Worsens As Credit Card Delinquency Rate Hits 12-Year High   Whatever happened to the 'Bidenomics' propaganda pushed by the White House and amplified by leftist corporate media outlets? Well, that narrative quickly imploded, just like the narrative that President Biden is the 'sharpest person in the room.'  A majority of Americans are livid with Bidenomics. They have been financially crushed by elevated inflation and high interest rates as the national debt uncontrollably soars by $1 trillion every 100 days. The economic pain is very real and has […]

President Biden Claims The US Isn't At War As He Bombs Yemen Authored by Dave DeCamp via AntiWar.com, On Wednesday night, President Biden falsely claimed in an address to the nation that the US was not at war. "I’m the first president in this century to report to the American people that the United States is not at war anywhere in the world," the president said. About a half hour before Biden delivered his address, US Central Command announced that it launched new strikes targeting the Houthis in Yemen. Since January, the US has carried out hundreds of strikes in […]

According to a Bloomberg survey of economists, the Federal Reserve is expected to signal its intention to cut interest rates in September at its upcoming July 30-31 meeting. While keeping rates unchanged at this meeting, the Fed is likely to use either its policy statement, Chair Powell's press conference, or both to indicate the upcoming rate cut. This move is anticipated to initiate a series of quarterly rate reductions through 2025, reflecting the Fed's growing confidence in inflation control and a balanced labor market. However, some economists believe the Fed may wait until later, […]

An investigation by IJF and CTV National News has uncovered a concerning trend in Canada where multiple money services businesses (MSBs) are registered at the same address, often without the knowledge or consent of the actual occupants. This practice, which includes foreign currency dealers, money transfer businesses, and cryptocurrency exchanges, raises red flags for potential money laundering and terrorist financing. Financial crime experts warn that this goes against the spirit of Canada's registration requirements for high-risk businesses, with some of these MSBs allegedly involved in […]

China's extensive stockpiling of commodities, driven by geopolitical concerns and supply chain disruptions, has reached unprecedented levels. Despite economic challenges, China's imports of essential resources like bauxite, cobalt, natural gas, crude oil, and soybeans have surged. This strategy includes expanding storage capacities and building substantial reserves, raising concerns about potential inflationary impacts on global commodity prices and strategic implications. Analysts warn that China's actions could reshape global trade dynamics and challenge the dominance of the U.S. dollar, […]

Gold and silver prices have experienced significant declines, with gold reaching a two-week low, due to stronger U.S. economic data reducing expectations for interest rate cuts. This has led to a decrease in the probability of a September rate cut. Copper prices have also fallen below $9,000/t, driven by weakening demand outlook in China, particularly in the property sector. While physical gold demand may increase in India due to import duty cuts, the overall sentiment in the metals market remains bearish, with steel inventories in China rising and crude steel production declining.

Gold, an enduring asset that "cannot be hacked, erased or degraded," has seen record-breaking prices recently. Despite silver being mined more historically, gold remains a preferred asset for central banks, with over 1,000 tonnes added to reserves in each of the past two years. Gold mining has increased dramatically over time, from 6 tonnes in 1681 to 3,100 tonnes in 2015, with total supply reaching 4,898.8 tonnes in 2023. While the gold price has recently dipped to a two-week low, it maintains its status as an unparalleled long-term store of value.

The U.S. economy grew at a robust 2.8% annualized rate in the second quarter of 2024, surpassing expectations and showing resilience despite high interest rates and inflation. This growth was driven by increased consumer and business spending, which offset declines in housing construction and a widening trade gap. While consumer spending remained solid at 2.3%, there are signs of strain as Americans are saving less and relying more on credit, potentially indicating future economic challenges. This strong economic performance may influence the Federal Reserve's decisions on interest rates.

Last night silver investors across the globe experienced the largest pullback we have seen for quite some time.

New York Community Bank (NYCB) is selling its residential mortgage servicing business, including mortgage servicing rights and third-party origination platform, to Mr. Cooper for $1.4 billion. This move, announced alongside a $323 million second-quarter loss, is part of NYCB's strategy to transform into a "relationship-focused regional bank," according to CEO Joseph Otting. The sale, expected to close in the fourth quarter, suggests NYCB may be planning further divestitures as it refocuses its business model.

Gold prices have reached record highs, driven by geopolitical tensions, global elections, and economic uncertainties. Despite these factors traditionally boosting gold's appeal as a safe-haven asset, there's an unexpected twist: retail demand for gold has been declining even as prices continue to rise. This paradox suggests that the current gold rally may be fueled by factors beyond typical retail investor behavior, potentially indicating a disconnect between market prices and individual investor sentiment.

Gold prices have found support at the 50-day EMA, suggesting a potential rebound after recent significant sell-offs. The market remains bullish in the long term, supported by an uptrend line and ongoing geopolitical risks, as well as central bank accumulation. While the $2,400 level presents resistance, breaking above it could lead to further gains towards $2,475. Investors are likely to view pullbacks as buying opportunities, indicating a gradual upward movement for gold.

Gold prices recovered slightly on Friday after a sharp decline the previous day, with investors awaiting key U.S. inflation data that could influence the Federal Reserve's interest rate decisions. Despite the modest gain, gold is down 1% for the week and 4.5% from its recent record high, pressured by strong U.S. economic growth data. While demand in China has weakened due to high prices and seasonal factors, India's gold market has been boosted by a reduction in import taxes. The precious metal remains up 15% for the year, with its price currently fluctuating between key moving averages.

It's been a wild week of trading for stocks markets, gold and silver. Take a look... The post Wild Week Of Trading For Stocks, Gold & Silver appeared first on King World News.

With the world changing at a frightening pace, look at what is happening now... The post With the world changing at a frightening pace, look at what is happening now… appeared first on King World News.

The U.S. economy grew at an annualized rate of 2.8% in the second quarter, surpassing economists' expectations of 2% and improving from the first quarter's revised 1.4% growth. This stronger-than-anticipated performance, coupled with easing inflation, suggests a robust economic outlook for the period. However, economists like Oren Klachkin of Nationwide predict this may be the best quarter of the year, with future growth likely to cool as consumer spending and business investments slow. The data has prompted speculation on when the Federal Reserve might start cutting interest rates, with […]

Elon Musk has warned that "America is going bankrupt" in response to a report highlighting the alarming proportion of U.S. income tax revenue being consumed by interest payments on the national debt. According to economist E.J. Antoni's analysis of the latest Monthly Treasury Statement, in June 2024, interest payments on Treasury debt securities amounted to 76% of the individual income tax revenue collected that month.

The U.S. stock market, gold prices, and the dollar have all been soaring simultaneously, defying traditional economic explanations. While factors such as AI advancements, geopolitical uncertainties, and monetary policy expectations have been suggested as reasons, none fully account for all three trends. The most plausible explanation appears to be the robust U.S. economy, which has consistently outperformed expectations, driven by strong consumer demand and government economic initiatives. This economic strength has fueled demand for U.S. assets across the board, leading to the unusual […]

The current economic landscape, including geopolitical tensions, central bank purchases, and the upcoming U.S. presidential election, are creating a bullish environment for gold, according to analysts at JP Morgan. As equity markets face a significant downturn, gold is being touted as a "massive buying opportunity." Analysts predict a potential "new super bull" run for gold, especially if Donald Trump wins the election, given his previous presidency's impact on gold prices. The current pullback in gold prices is seen as an opportunity for investors who missed the initial surge, with […]

Zimbabwe's Finance Minister Mthuli Ncube has announced measures to boost demand for the country's new bullion-backed currency, ZiG (Zimbabwe Gold). These include requiring government departments to accept ZiG for goods and services, mandating certain taxes be paid exclusively in ZiG, and increasing circulation of ZiG notes without expanding money supply. The government aims to strengthen the local currency, which replaced the Zimbabwean dollar in April after it lost 80% of its value against the US dollar, fueling inflation. Ncube credits the ZiG for helping to curb inflation and is […]

The U.S. economy showed unexpected resilience in the second quarter of 2024, with GDP growing at 2.8%, surpassing economists' expectations and accelerating from the first quarter's 1.4% growth. This robust performance comes despite high interest rates and persistent inflation, and amidst a heated political debate about the economy's health. While President Biden touts these figures as evidence of economic strength, nearly three in five Americans incorrectly believe the country is in a recession. The Federal Reserve is now considering when to start cutting interest rates as inflation shows […]

The U.S. dollar pared its losses on Thursday after data showed stronger-than-expected economic growth and slowing inflation in the second quarter. The GDP grew at an annualized rate of 2.8%, surpassing economists' forecasts of 2.0%. This positive economic data helped the dollar recover slightly against the yen and other currencies, though it remained down overall.

Risk in the stock market is at one of the highest levels in 25 years! The post Risk In The Stock Market At One Of The Highest Levels In 25 Years! appeared first on King World News.

The U.S. stock market and economy are currently experiencing an unusual split, which could mean trouble is on the horizon... There's a significant gap between the Conference Board's Consumer Confidence Index (CCI) and the University of Michigan's Index of Consumer Sentiment (UMICS), which has historically preceded recessions. In the past, this has been a reliable recession indicator. Factors contributing to these differing perspectives include disparities in stock and home ownership, varying impacts of interest rates, and contrasting employment reports. Investors are advised to recognize […]

It's raining diamonds, plus a look at the haves and the have notes. The post It’s Raining Diamonds, Plus A Look At The Haves And The Have Nots appeared first on King World News.

The upcoming U.S. presidential election has significant global economic implications.. but what does it mean for gold? The World Gold Council offers analysis based on long-term historical precedent in their latest report. In it, the WGC analysis suggests that gold bar and coin demand tends to increase during Democratic presidencies, party affiliation doesn't consistently impact gold prices during elections. Instead, the economic policies of the elected president, both domestic and foreign, are more influential on financial assets, including gold. The current polarized political climate […]

Nearly 40% of American adults are frequently worried about paying their bills, according to a new CNN poll. Concerns about the rising cost of essentials like groceries, clothing, and insurance, are rising. At the same time, household debt reached $17.69 trillion in the first quarter of 2024, up by $184 billion from the previous quarter. The level of financial anxiety surpasses that of the Great Recession era, reflecting the significant economic pressures many Americans are currently facing.

India has significantly reduced import duties on gold and silver from 15% to 6% to boost retail demand and curb smuggling. This move is expected to increase domestic value addition in the precious metals sector and create a level playing field for industry stakeholders. While higher demand from India could push global gold prices higher, it may also widen India's trade deficit and pressure the rupee. Following the announcement, local gold prices dropped by 6%, reaching their lowest level in over three months.

A Prudential Financial study reveals that Generation X, currently aged 44-59, is facing significant financial challenges as they approach retirement. This generation, caught between the decline of pension plans and uncertainties about Social Security's future, is less financially secure than their predecessors. Compared to older generations, a larger proportion of Gen Xers expect to need financial and housing support from their families in retirement, potentially becoming "silver squatters." Despite these concerns, many have not yet discussed their potential need for support with their […]

Traditional recession indicators in the U.S. are proving unreliable in the current economic climate, largely due to the unique disruptions caused by the pandemic. Despite signals such as declines in temporary employment and an inverted yield curve, which historically predicted recessions, no significant downturn has occurred. The pandemic has fundamentally altered labor market dynamics, with businesses less reliant on temporary workers. Additionally, although GDP contracted for two consecutive quarters in 2022, the broader economy has remained resilient. This has led to skepticism about […]

Gold prices increased on Wednesday due to a weakening dollar and anticipation of upcoming U.S. economic data that could influence the Federal Reserve's interest rate decisions. Investors are closely watching GDP and personal consumption expenditure reports for clues on potential rate cuts, with markets currently expecting a rate cut in September. Additional factors supporting gold prices include lower U.S. stock prices, higher crude oil prices, and India's recent reduction of import duties on gold and silver. Gold's appeal is further bolstered by expectations of earlier Fed rate cuts and […]

African nations are increasingly turning to gold as a means to protect their economies against currency losses and inflation, following the lead of countries like China and India. Countries such as South Sudan, Zimbabwe, Nigeria, Uganda, and Tanzania are either implementing or considering policies to increase their gold reserves. This trend is driven by geopolitical tensions, recent economic disruptions, and a desire to reduce dependency on the US dollar. While this strategy offers potential benefits in terms of diversification and stability, experts note that it's not a complete […]

The Peter G. Peterson Foundation asked seven think tanks to come up with plans to address the national debt. All participating think tanks agree on the need to rein in borrowing and propose a combination of revenue increases and spending cuts to reduce the debt-to-GDP ratio by at least one-third by 2054. The report identifies Social Security, healthcare costs, and the 2017 tax cuts as key areas for potential bipartisan reform, suggesting that political will, rather than lack of solutions, is the main obstacle to addressing the debt crisis.

The U.S. economy is experiencing a controlled slowdown, with reduced hiring, consumer spending, and manufacturing activity, alongside a stagnant housing market. Despite these challenges, the economy appears to be achieving a "soft landing," with inflation cooling without significant unemployment increases and continued, albeit slower, economic growth. This controlled deceleration is viewed positively, with economists now seeing a lower risk of recession compared to a year ago. The upcoming economic figures are expected to show the slowest consecutive quarters of growth since 2022, […]

Gold prices have reached record highs in 2024, defying typical behavior during U.S. presidential election years. According to the World Gold Council, while elections historically have not directly impacted gold performance, the current political climate of increased polarization and elevated geopolitical risks may be encouraging investors to seek gold as a hedge against portfolio risk. This unique environment has contributed to gold's strong performance, with prices up 16% year-to-date and reaching an all-time intraday high of $2,488.40 on July 17.

Kristina Hooper, Invesco's chief global market strategist, believes multiple rate cuts could be possible in 2024. Despite disappointing existing home sales data, Hooper remains optimistic about potential rate cuts in 2024, suggesting the possibility of two or even three cuts. Hooper attributes the current tech sector rotation to anticipation of these rate cuts, which could prevent an economic downturn and lead to re-acceleration, benefiting cyclically sensitive stocks.

Despite higher prices due to inflation, global demand for Coca-Cola's beverages remained robust, with unit case volume up 2% and pricing up 9%. Coca-Cola reported strong second-quarter results, beating Wall Street estimates with a 3% revenue growth to $12.4 billion and a 7% increase in earnings per share to $0.84. CEO James Quincey attributes the success to strong strategy execution and notes that inflation is normalizing in most markets. As a result, Coca-Cola has raised its full-year guidance, expecting organic revenue growth of 9% to 10%.

In this eye-opening video, Mike Maloney breaks down complex economic concepts to reveal that the minimum wage has effectively fallen by over 70% ...

Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals communicated to King World News the key for people to survive the coming global financial collapse. The post Greyerz – The Key To Surviving The Coming Global Financial Collapse appeared first on King World News.

Two economic indicators have plunged near the lowest levels in history. This is not the sign of a healthy economy. Take a look... The post Two Economic Indicators Plunge Near Lowest Levels In History! appeared first on King World News.

Goldman Sachs remains bullish on gold, driven by expectations of potential Federal Reserve rate cuts and strong, consistent demand from China. Despite rising U.S. interest rates, which typically lower gold prices, structural changes in the Chinese market and significant gold purchases by China's central bank are creating a robust outlook for gold. Goldman Sachs forecasts gold prices to reach $2,700 by 2025, supported by central bank buying and anticipated Western capital inflows due to potential rate cuts.

Gold has been outperforming the S&P 500 in recent months, defying its traditional role as a hedge against market downturns. This unusual behavior is attributed to bearish bets against a concentrated market, central bank actions, and increased interest from sovereign wealth funds and countries seeking alternative stores of value. Despite its atypical performance, gold remains an attractive investment option due to its diverse appeal beyond traditional hedging purposes, making it a useful tool in investment portfolios.

Global markets have stabilized following Joe Biden's withdrawal from the U.S. presidential race, with investors shifting their focus to corporate earnings and economic data. While Biden's exit has introduced uncertainty about a potential Republican victory under Donald Trump, markets are now in a holding pattern as they await further developments. Investors are particularly interested in upcoming earnings reports from major tech companies and how polling data might affect market volatility and equity performance.

Rising prices of feminine hygiene products, outpacing even food inflation, are forcing many American women to make difficult choices between purchasing menstrual supplies and other essential items. This price increase has led to a significant decline in sales of pads and tampons since 2020, with unit sales dropping by 12% and 16% respectively. Major manufacturers like Procter & Gamble have reported decreased sales volumes due to price hikes, highlighting the growing challenge for women to afford these necessary products and the lack of affordable alternatives in the market.

Russia's crude oil exports have declined for the third consecutive week, reaching a seven-month low. The four-week average exports have dropped by 620,000 barrels per day since April's peak, with Baltic port shipments decreasing by 41% since mid-June. This reduction is likely due to Russia's improved compliance with OPEC+ output targets and increased domestic refining activity. However, a recent Ukrainian drone attack on a refinery and scheduled maintenance at Ust-Luga port may further impact export volumes in the coming weeks.

Here is a critical update on gold, copper and oil futures. The post UPDATE: Gold, Copper & Oil appeared first on King World News.

The US economy is showing signs of stabilization despite a sluggish first half of the year. While certain sectors like manufacturing and housing are struggling, consumer spending remains resilient. The recent rise in unemployment is largely due to increased labor supply rather than job losses. Inflation is decelerating, which should support real disposable income and consumption. Although near-term recession risks remain low, challenges persist in consumer sentiment and building permits. Overall, the economy appears to be transitioning to a more sustainable growth rate, albeit with some […]

Restaurants in Turkey's holiday towns are struggling this summer as soaring inflation, reaching 91% in some areas, drives both locals and tourists away. Social media posts highlight exorbitant prices in Turkish resorts, while a fast-track visa program has facilitated a significant increase in Turkish visitors to Greek islands. The devaluation of the Turkish lira has eroded purchasing power, leading to a decline in business for many eateries, despite some restaurants seeing a shift in clientele from higher-income segments.

CrowdStrike's recent outage, affecting 8.5 million Windows devices, has caused widespread disruptions across industries, particularly in air travel. The company warns of hackers exploiting the situation by distributing malware disguised as a fix. As CrowdStrike works to resolve the issue, its stock has plummeted, and the company faces scrutiny from lawmakers. The incident has severely impacted airlines, especially Delta, leading to thousands of flight cancellations and ongoing travel disruptions.

India has significantly reduced import duties on gold and silver from 15% to 6%, aiming to boost retail demand and combat smuggling in the world's second-largest bullion consumer. This move is expected to create a more level playing field for industry stakeholders and potentially increase global gold prices. However, it may also widen India's trade deficit and pressure the rupee. The decision led to an immediate drop in local gold prices, which could stimulate demand that had been suppressed by record-high prices earlier in the month.

More and more people are broke as business failures skyrocket in what is looking like Great Depression 2.0. The post GREAT DEPRESSION 2: More And More People Are Broke As Business Failures Skyrocket appeared first on King World News.

The public is being very cautious with their money, plus a look at the stock market mania and a China surprise. The post AMEX & Ryanair: Public Cautious With Their Money, Plus Stock Market Mania And A China Surprise appeared first on King World News.

Gold prices dipped on Monday as traders processed President Joe Biden's decision to withdraw from the 2024 presidential race. Spot gold fell below $2,400 an ounce, as the uncertainty surrounding the election boosted gold's appeal as a safe-haven asset. Meanwhile, concerns about declining demand in Asia and potential liquidations also weighed on prices. Despite these fluctuations, gold has surged over 15% this year, supported by expectations of U.S. interest rate cuts and geopolitical tensions.

Global bond markets are facing increasing pressure due to a combination of rising government debt loads and unpredictable election-year politics. Recent events, such as Macron's surprise election call in France and Trump's strong performance in the US presidential debate, have triggered bond market tremors. These incidents highlight the growing concern about governments' ability to manage their expanding debt, which is expected to reach a record $56 trillion this year.

Hedge funds have significantly increased their bullish positions on gold, reaching a four-year high, as reported by Bloomberg. This surge in gold investments is driven by growing concerns over the upcoming U.S. presidential election and uncertainty surrounding the timing of interest rate cuts. The trend is further evidenced by gold prices hitting an all-time high of $2,483.73 per ounce on Wednesday, as investors seek safe-haven assets amid geopolitical risks and anticipate more aggressive monetary easing by the U.S. Federal Reserve.

Oil prices fell on Monday following President Joe Biden's announcement that he will not seek re-election. Brent crude and U.S. West Texas Intermediate crude futures both saw declines, with market analysts suggesting that the potential for rate cuts could impact oil demand. Despite Biden's exit not being a major factor for oil markets, the broader economic implications of high interest rates and potential recession risks continue to weigh on investor sentiment.

The possibility of a recession in the United States remains a concern, despite efforts by the Federal Reserve to stabilize the economy through increased interest rates. While there are no immediate signs of serious recession risk, concerns persist about consumer spending's ability to sustain economic growth. Despite expectations of a soft landing with slow GDP growth, factors such as stubborn inflation, high interest rates, increasing debt delinquencies, and rising unemployment rates (4.1% as of June 2024) make it difficult to predict the economy's ultimate trajectory.

Zambia, Africa's second-largest copper producer, aims to increase its annual copper production by over 40% to reach 1 million tons by 2027, according to the country's Finance Ministry. This growth strategy is part of a larger plan to capitalize on the anticipated global copper supply shortage driven by increasing demand from the energy transition sector. Despite facing recent challenges that led to a 14-year low in production in 2023, Zambia plans to resolve issues at major mines, develop new projects, and expand existing facilities to achieve this goal. The country's long-term vision […]

Jamie Dimon, CEO of JPMorgan Chase, has advised the Federal Reserve to hold off on cutting interest rates, expressing concerns that inflation could resurge. Dimon's stance contrasts with the Fed's current trajectory, which suggests a potential rate cut in September 2024. Dimon believes that while inflation has been decreasing, the risk of it rising again remains significant, and premature rate cuts could destabilize the economy.

Rising inflation has pushed more teenagers into the workforce to support their families financially. Many teens work various jobs to pay for personal expenses, save for college, and help her family with groceries and pocket money for her siblings. This trend reflects a broader pattern where teens are increasingly working to alleviate the financial strain on their parents, as consumer prices have surged over 20% in the past three years.

Gold prices remained steady following President Joe Biden's withdrawal from the 2024 presidential race. While gold initially gained from increased safe-haven demand, investors have mixed views on what a potential Trump victory would ultimately mean for the precious metal. Factors such as trade policies, US-China relations, and monetary policy expectations continue to influence gold prices, with the metal recently reaching record highs due to anticipation of Federal Reserve interest rate cuts

Despite Donald Trump's rhetoric favoring a weaker dollar, major banks predict that a second Trump presidency would likely strengthen the US currency. Analysts from Deutsche Bank, Morgan Stanley, and Barclays argue that Trump's proposed policies, particularly tariffs and trade restrictions, would have a more significant impact on boosting the dollar than any efforts to weaken it. These banks suggest that the long-term economic factors and potential global market reactions to Trump's policies would ultimately result in a stronger dollar, regardless of his stated preference for a weaker […]

Morgan Stanley predicts that gold prices could exceed $2,600 per ounce by the fourth quarter of 2024, driven by a significant increase in central bank purchases and strong retail demand, particularly from China. The price of gold has already risen 50% from its 2022 lows and 25% since February, with continued inflows into gold ETFs suggesting robust investor interest. While the market faces volatility due to potential U.S. recession fears, the strategists believe that financial flows will support further price increases, especially as the Federal Reserve is expected to cut interest rates.

Bank of America strategists, led by Michael Hartnett, are advising investors to adopt a bullish stance on bonds, gold, and undervalued stocks in anticipation of a Federal Reserve interest rate cut, a potential victory for Donald Trump in the upcoming election, and a soft landing for the U.S. economy. They suggest that proposed tariffs could be deflationary, and the bond market is already pricing in rate cuts amid concerns about inflation and a weakening labor market. Recent data shows significant inflows into gold and bonds, while the S&P 500 and small-cap stocks have also seen gains this […]

The silver market experienced significant volatility and a sharp decline this week, approaching a critical support level at $28.50. This area, previously a strong resistance point, may trigger a bounce. However, a break below $28 could lead to further drops. Silver's price is influenced by factors such as the US dollar, interest rates, and overall risk appetite. The market appears to be at a crucial juncture, with potential for either a rebound towards $30 or a continued decline to $26, depending on how it responds to the current support level.

A widespread IT outage, potentially the largest in history, disrupted global businesses on Friday, affecting financial services, healthcare, broadcasting, and air travel. The issue stemmed from a defect in CrowdStrike's latest update for Windows systems, which the company is actively addressing. While not a cyberattack, the outage coincided with separate issues in Microsoft's cloud services, causing significant disruptions and impacting CrowdStrike's stock price.

A widespread technology outage caused by a malfunction in a routine software update from cybersecurity firm CrowdStrike disrupted airlines, banks, hospitals, and emergency services globally. Thousands of Microsoft users were knocked offline, stranding airport travelers, delaying hospital appointments, and interrupting live news broadcasts. Major airlines such as Delta, United, and American Airlines grounded all flights, and 911 phone lines in states like Alaska and Ohio were down. CrowdStrike confirmed it was not a cyberattack but a software glitch, and a fix has been sent to customers. Mac […]

Gold prices have fallen to near $2,400, extending a three-day losing streak after hitting all-time highs above $2,480. This decline is attributed to profit-taking, a recovery in the US Dollar, and rising bond yields. Political uncertainty in the US, with speculation about President Biden possibly not running for re-election and an assassination attempt on Donald Trump, has boosted the US Dollar's appeal. Market expectations for the Federal Reserve to reduce interest rates in September remain strong, influenced by recent inflation data and cooling labor market conditions. The US Dollar Index […]

In today’s GoldSilver update Alan Hibbard sits down with legendary commodities investor and speculator Rick Rule.

India's gold market in June 2024 showed a mixed performance, with investment demand and central bank purchases offsetting weak jewelry sales. Despite a slight decline in June, gold prices remained high, with year-to-date gains of 16%. Gold ETFs continued to see strong inflows, with assets under management reaching INR344bn, a 54% year-over-year increase. The Reserve Bank of India made its largest monthly gold purchase in nearly two years. However, jewelry demand remained subdued, and there was a significant widening of discounts between domestic and international gold prices. Looking ahead, […]

China's gold market in June 2024 showed mixed signals, with wholesale demand remaining weak while ETF inflows continued to strengthen. Gold withdrawals from the Shanghai Gold Exchange increased slightly from May but were significantly lower year-over-year, indicating persistent weakness in overall demand. However, Chinese gold ETFs saw their seventh consecutive monthly inflow, reaching record-high assets under management. The People's Bank of China reported no changes in gold reserves for the second month in a row. Despite a slight decline in gold prices in June, both RMB and USD-denominated […]

Gold's recent surge to record highs has puzzled market observers, as the traditional explanations for its rise - geopolitical tensions and expectations of interest rate cuts - don't fully account for the timing or magnitude of the increase. Since early March, gold has risen 14%, setting new records despite no significant changes in global tensions or clear signals about rate cuts from the Federal Reserve. Experts offer various theories for this sudden spike, ranging from central bank diversification strategies and algorithmic trading to persistent inflation concerns and currency weaknesses. […]

Despite a pause in gold purchases in May and June, China is expected to continue its long-term strategy of accumulating gold reserves. This ongoing interest is driven by several factors: China's gold holdings remain low relative to its economic status, geopolitical tensions persist, and there's a desire to diversify away from U.S. dollar-denominated assets. While recent buying has shown some price sensitivity, experts and insiders believe that China's fundamental need to increase its gold reserves, both in absolute terms and as a share of total reserves, will sustain the country's gold […]

Gold prices are maintaining their strength near record highs, driven by increasing expectations of earlier interest rate cuts by the U.S. Federal Reserve. This sentiment has led to a weaker dollar and subdued Treasury yields, further boosting gold's appeal. The precious metal's upward momentum is supported by recent dovish comments from Fed officials and signs of a cooling U.S. labor market. Analysts suggest that if these trends continue, particularly with more dovish Fed remarks and further indications of a softening job market, gold could potentially reach new all-time highs. The current […]

Goldman Sachs reports that global hedge funds have been significantly reducing their exposure to U.S. stocks, particularly in the tech sector, over the past five trading days. This sell-off, the largest since November 2022 and approaching a five-year record, coincides with a broader market pullback in megacap tech-related stocks. The de-risking trend has been most pronounced in information technology, followed by industrial, healthcare, consumer discretionary, and communications services sectors. This shift in hedge fund positioning reflects growing caution in the market, especially towards […]

Major central banks are cautiously beginning to cut interest rates after a period of aggressive hikes to combat inflation. While the European Central Bank has paused after an initial cut, and the U.S. Federal Reserve may follow suit in September, other central banks like those in Switzerland, Sweden, and Canada have already made multiple cuts. Meanwhile, the Bank of England and the Reserve Bank of Australia remain hesitant, with the latter even considering further hikes. The Bank of Japan stands out as an outlier, having raised rates for the first time in 17 years. The gradual easing reflects […]

The gold market is experiencing volatility, with initial gains on Wednesday being reversed. Despite this, the overall trend remains bullish, with significant support around $2,400 and potential for reaching $2,500. Factors supporting gold include geopolitical concerns, expectations of global central bank rate cuts, and continued gold purchases by central banks. The market is viewed as a "buy on the dip" opportunity, with pullbacks seen as potential entry points for investors. While short-term fluctuations are expected, the long-term momentum favors an upward trajectory, making gold an […]

In Montgomery County, Maryland, a 19-year-old man, Zhenyong Weng, has been charged in a sophisticated gold bar scam that defrauded an 82-year-old woman of over $900,000. This case, the second of its kind in four months, involved complex schemes with coded communications and parking lot exchanges. Police uncovered the fraud and arrested Weng by posing as a victim. While Weng's defense attorney argues his client was only involved in a pickup, not the entire scheme, the judge deemed it a "major crime" targeting a vulnerable senior citizen. The scammers nearly obtained an additional $2.6 million […]

According to DataTrek, silver appears undervalued compared to gold when examining the historical gold/silver price ratio. While gold has reached new all-time highs, silver remains below its 2011 peak. The current gold/silver ratio stands at 78:1, higher than the historical average. Despite silver's 27% year-to-date gain compared to gold's 19%, silver's significant industrial demand (57% of total demand) contrasts with gold's primary role as a store of value. Historically, the gold/silver ratio has spiked during economic uncertainties. DataTrek's Nicholas Colas suggests that silver's relative […]

Former President Donald Trump has cautioned Federal Reserve Chair Jay Powell against cutting interest rates before the November 2024 presidential election, despite acknowledging the possibility of such a move. In an interview with Bloomberg News, Trump stated he would allow Powell to complete his term if re-elected, provided Powell was "doing the right thing." This statement addresses concerns in financial markets about potential politicization of the Fed under a second Trump presidency. Meanwhile, Powell has recently expressed increased confidence in inflation trending towards the Fed's 2% […]

The stock market is showing signs of a shift away from the dominance of big technology stocks, particularly the "Magnificent 7." On Tuesday, while the S&P 500 and Nasdaq Composite made gains, the Russell 2000, which represents smaller-cap stocks, significantly outperformed with a 3.5% increase. Notably, four of the seven major tech stocks, including Alphabet, Microsoft, Nvidia, and Meta Platforms, experienced declines. This trend suggests a broadening of market performance beyond the tech giants that have led much of the recent market rally, potentially indicating a more diverse and […]

Gold reached a record high, nearing $2,500 per ounce, as traders anticipated Federal Reserve rate cuts due to cooling inflation. This surge, driven by large central bank purchases, strong consumer demand in China, and geopolitical tensions, saw gold prices rally 1.9% on Tuesday. Although Chris Weston from Pepperstone Group suggests gold might test $2,500 soon, some indicators hint at an overbought market. Additionally, political uncertainty, including a recent assassination attempt on Donald Trump, is impacting market sentiment, potentially reinforcing gold’s safe-haven appeal amid […]

In this video, we explore the upwardly revised gold price targets from major banks like Goldman Sachs, JP Morgan, and UBS, and analyze...

Federal Reserve Chair Jerome Powell expressed increased confidence that inflation is moving towards the 2% target, citing recent positive data. While declining to specify a timeline for rate cuts, Powell indicated that the Fed would likely reduce rates before inflation actually reaches 2%. This stance, along with recent favorable inflation reports, has bolstered market expectations for potential rate cuts later in 2024, with September being a widely anticipated timeframe. Powell's comments suggest a cautiously optimistic outlook on inflation trends, potentially signaling a shift in the Fed's […]

HSBC has revised its gold price forecast, predicting a short-term rise followed by a significant drop in 2025. Despite gold reaching record highs in May 2024, driven by safe haven demand, hedge fund purchases, and expectations of central bank rate cuts, HSBC analysts anticipate that positive real rates will eventually weigh on gold prices. While the bank has raised its 2024 average price forecast to $2,305/oz due to near-term strength, it has lowered its 2025 projection to $1,980/oz, suggesting a 12% decline from current levels. This forecast comes amid a complex market environment where […]

Zimbabwe's state-controlled Kuvimba Mining House Ltd. is seeking $150 million in investment to expand its Shamva gold mine, aiming to increase production by 50%. The company, which is 65% owned by the state, has completed a feasibility study for a large-scale mine and processing plant and is now in talks with potential partners. This move is part of Zimbabwe's broader strategy to acquire and develop mining assets within the country. Additionally, Kuvimba has implemented a new gold tracking system to enhance regulatory compliance both domestically and internationally, demonstrating a […]

Gold prices are showing modest gains on Monday as the market tests resistance near recent highs. Traders are closely monitoring U.S. Treasury yields and dollar movements while anticipating comments from Federal Reserve officials and key economic data releases. The CME Fedwatch Tool indicates a high 93% probability of a Fed rate cut in September, which could potentially boost gold's appeal as a non-yielding asset. Additionally, China's recent economic slowdown in Q2 has fueled expectations for stimulus measures, which could impact gold demand from this major metals consumer. These factors, […]

China's economic growth in the second quarter of 2024 fell short of expectations, expanding by only 4.7% year-over-year, the slowest pace in five quarters. This disappointing performance is primarily attributed to weak consumer spending, which has failed to respond to government stimulus efforts. While industrial production remained robust, supporting President Xi Jinping's focus on manufacturing and high-tech sectors, the economy faces mounting challenges. These include geopolitical risks, particularly the potential for increased U.S. tariffs if Donald Trump is re-elected. The underwhelming […]

Following the attempted assassination of Donald Trump, global financial markets have shown a significant shift towards the "Trump trade" - a series of investment strategies based on the anticipation of Trump's potential return to the White House. These trades, which had already been gaining traction due to Biden's recent debate performance, intensified as Trump's resilience in the face of the attack galvanized supporters. The market reaction includes a steepening yield curve in Treasuries, a strengthening dollar, a weakening Mexican peso, and a surge in Bitcoin. Investors are positioning for […]

The dollar remained steady on Monday as markets grappled with the potential implications of the attempted assassination of former U.S. President Donald Trump on his 2024 election chances and subsequent market impacts. While initial reactions narrowed the odds of a Trump victory, traditionally seen as dollar-positive due to expectations of looser fiscal policy and increased trade tariffs, the currency's gains were short-lived. Investors are balancing this political development against the Federal Reserve's monetary policy outlook, with markets now fully pricing in a September rate cut […]

Oil prices remained relatively stable on Monday as conflicting factors influenced the market. Concerns about demand in China, the world's largest oil importer, exerted downward pressure following slower economic growth and reduced crude imports. However, this was offset by strong demand elsewhere, OPEC+ supply restraints, and ongoing geopolitical tensions in the Middle East. The market also reacted to the attempted assassination of former U.S. President Donald Trump and fluctuations in the U.S. dollar. Despite these various influences, oil prices saw only minor changes, with Brent crude and […]

After an assassination attempt on former President Donald Trump at a rally, investors are turning to traditional safe-haven assets such as the US dollar, Japanese yen, Swiss franc, and gold. Bitcoin has also surged past $60,000. The attack is expected to increase market volatility and boost Trump's chances in the 2024 presidential election, especially given President Biden's poor performance in a recent debate. This could lead to a rise in "Trump trades," favoring assets like energy firms, private prisons, and credit card companies. Analysts predict an initial spike in the US dollar and bond […]

Gold prices remained steady above $2,400 per ounce on Friday, poised for a third consecutive weekly gain. This stability comes as investors grow increasingly confident that the Federal Reserve will soon cut interest rates, following unexpected declines in U.S. consumer prices. Despite a hotter-than-expected producer price index report causing some profit-taking, the overall sentiment remains bullish. Markets are now pricing in a 96% chance of a rate cut in September, which would reduce the opportunity cost of holding non-yielding gold. While gold and silver have shown strength, platinum and […]

U.S. consumer sentiment unexpectedly dropped to an eight-month low in early July, according to the University of Michigan's preliminary reading. Despite expectations for easing inflation, consumers remain frustrated with persistently high prices, which are eroding living standards. The sentiment index fell to 66 from 68.2 in June, contrary to economists' predictions of a slight increase. While consumers' inflation expectations for the next year and the long term decreased slightly, nearly half of the respondents spontaneously expressed concerns about high prices impacting their quality of […]

Following softer-than-expected inflation data, bond traders are increasingly betting on the possibility of a larger-than-usual 50 basis point interest rate cut by the Federal Reserve in September. This shift is evident in the federal funds futures market, particularly in October contracts, which have seen record trading volumes. While these contracts already fully price in a standard quarter-point cut for the September 18 meeting, the increased buying at higher price levels suggests growing expectations for a more aggressive move. Swap contracts now indicate a full quarter-point cut in […]

In this eye-opening video, Mike Maloney explores the troubling signs pointing towards an impending financial crisis that could surpass the devastation

The London Bullion Market Association (LBMA) and World Gold Council (WGC) are advocating for gold to be reclassified as a High-Quality Liquid Asset (HQLA) under Basel III regulations. In a recent meeting with the Bank of International Settlements (BIS), they presented data and research supporting this change, which could enhance market stability, improve liquidity, and boost confidence in the financial system. The BIS representatives provided positive feedback and guidance on additional information needed to progress the reclassification. This move could significantly benefit financial […]

VanEck CEO Jan van Eck expresses strong bullish sentiment towards both Bitcoin and gold, citing various market dynamics and global economic factors. Despite short-term pressures on Bitcoin, including government selling and liquidations, he maintains a positive long-term outlook, noting continued retail investor interest in spot Bitcoin ETFs. For gold, van Eck points to record highs driven by geopolitical tensions and increased central bank purchases. He highlights the declining appeal of traditional safe-haven currencies, making both gold and Bitcoin attractive alternatives. Looking ahead, […]

San Francisco Federal Reserve Bank President Mary Daly has indicated that recent cooler inflation readings are encouraging, and she anticipates further easing in both price pressures and the labor market to justify interest rate cuts. While Daly sees it as likely that policy adjustments will be warranted, she remains uncertain about the exact timing. She suggests that one or two interest rate cuts this year, as projected in the June Fed policymaker forecasts, could be appropriate if inflation continues to cool, though progress may be uneven. Daly's comments reflect a cautious optimism about […]

The June 2024 inflation report, showing a decrease to 3% year-over-year, has significantly increased market expectations for Federal Reserve interest rate cuts. This data has led to a surge in rate cut bets, with the probability of a September cut rising to 91%. As a result, investors are flocking to interest-rate-sensitive assets, including Treasury bonds, low-yield currencies like the Japanese yen, and gold. The market reaction includes falling Treasury yields, a weakening U.S. dollar, and gold prices approaching all-time highs. This shift in sentiment suggests that investors are […]

Silver prices have surged over 2%, breaking through key resistance levels and confirming a 'double bottom' chart pattern. This bullish momentum, fueled by weaker-than-expected US inflation data, has pushed the XAG/USD to $31.40, a six-week high. The breakout above the $30.73 neckline has opened the door for further gains, with potential targets at $31.75, $32.00, and the year-to-date high of $32.51. The Relative Strength Index (RSI) supports this upward trend. However, key support levels at $31.00, $30.73, and $29.82/79 remain crucial for potential pullbacks. This price action has reignited […]

Federal Reserve Chair Jerome Powell has declared that the U.S. labor market has achieved balance, marking a significant shift from the past three years when a tight job market was cited as a reason for maintaining high interest rates. This change in stance suggests that the Fed no longer views the labor market as a primary source of inflationary pressure. The cooling job market, evidenced by more concentrated hiring in specific sectors like healthcare and government, may now support the case for potential interest rate cuts in the near future. This development indicates that the Fed is […]

The yen steadied on Friday, a day after the Bank of Japan likely intervened to prop up the currency, on the coat-tails of an unexpected drop in U.S. consumer prices that fuelled the largest drop in the dollar since May. Daily operations data from the BOJ on Friday suggested the central bank had spent between 3.37-3.57 trillion yen ($21.18-22 billion) on buying the yen on Thursday, less than three months after its last foray into the market. Tokyo's top currency diplomat, Masato Kanda, said on Friday authorities will take action as needed in the foreign exchange market, but declined to […]

The potential interest rate cuts by the Federal Reserve could lead to a weaker U.S. dollar, potentially making future international travel more expensive for Americans. This is because interest rates and currency strength are closely linked, with higher rates typically supporting a stronger dollar. As the Fed signals possible rate cuts in 2024 and 2025, experts anticipate downward pressure on the dollar's value. However, some financial analysts believe the dollar's strength may persist. The current strong dollar has made overseas travel more affordable for Americans, particularly in countries […]

The United States experienced a significant cooling in inflation rates in June, with prices rising by only 3% over the past 12 months, marking the slowest pace in a year. This decline, largely attributed to lower gasoline prices, represents the third consecutive month of easing inflation. The trend is easing financial pressures on households and potentially paving the way for the Federal Reserve to consider interest rate cuts as early as September. While some staples like groceries and housing costs continue to rise, the overall inflation picture is improving, offering a glimmer of hope for […]

Gold climbs above $2,415 mark as US Inflation data boosts rate-cut expectations; silver rises to $31.50

Gold futures experienced a significant surge on Thursday, approaching record highs following the release of U.S. inflation data showing a cooling trend. The Consumer Price Index (CPI) reported a 0.1% decrease in June, the first decline since May 2020, which investors interpreted as potential justification for the Federal Reserve to implement interest rate cuts. This unexpected downturn in inflation has bolstered sentiment among those anticipating earlier rate reductions. As a result, August gold futures on Comex rose by 1.8% to $2,421.90 an ounce, nearing the all-time intraday high of $2,454 […]

Deutsche Bank's latest Global Mining & Commodities Survey reveals a shift in investor preferences, with gold emerging as the favored commodity in the short term, while copper maintains its appeal for the medium term. This change is driven by concerns over China's economic slowdown and potential delays in the energy transition. The survey indicates a growing preference for early-cycle commodities like iron ore and coal, alongside expectations of easing supply constraints for metals crucial to decarbonization efforts. While ESG factors continue to influence perceptions of the mining sector, […]

Gold prices are surging, approaching all-time record highs despite initial concerns over China's reserve holdings. The precious metal has gained $51, reaching $2422, driven by a combination of factors including potential rate cuts, economic growth concerns, large deficits, political instability, and geopolitical tensions. This rally demonstrates gold's enduring appeal as a safe-haven asset in times of uncertainty. While the current price is nearing the all-time high closing level, it remains just shy of the intraday record of $2449 set in May, suggesting further potential for growth in the […]

The latest Consumer Price Index (CPI) report reveals a significant cooling in US inflation for June 2023. For the first time since May 2020, the monthly headline CPI showed a negative value, decreasing by 0.1%. The annual inflation rate slowed to 3%, the lowest since March 2021, beating economists' expectations. Core inflation, which excludes volatile food and energy prices, also showed moderation, rising just 0.1% monthly and 3.3% annually. This data suggests a continued trend of easing inflationary pressures in the US economy, leading to positive market reactions, including a notable drop […]