• Cereal For The Peasants? How The Elites Use "Skimpflation" To Control Our Eating Habits
    by Tyler Durden on March 19, 2024 at 4:00 am

    Cereal For The Peasants? How The Elites Use "Skimpflation" To Control Our Eating Habits Authored by Brandon Smith via Alt-Market.us People who have been reading my analysis for a long time are well aware of my expectations on the eventual outcome of the US economic debacle: A stagflationary crisis followed by a massive crash similar to the Great Depression (or worse). I based this prediction on a number of circumstances, but primarily I went back to the history of currency devaluations and central bank policy. These kinds of things have happened before and they tend to follow a […]

  • Bank Of Japan (Finally) Kills The World's Last Negative Interest Rate, Yen Weakens
    by Tyler Durden on March 19, 2024 at 3:45 am

    Bank Of Japan (Finally) Kills The World's Last Negative Interest Rate, Yen Weakens As has been thoroughly warned, straw-manned, leaked, and hinted at over the past few weeks (here, here, and here for example), The Bank of Japan hiked interest rates tonight for the first time since 2007. This move ends the world's last negative interest rate policy. The vote, at 7-2 to scrap the negative interest rate (setting the policy rate in range between 0% to 0.1%), was closer than many expected with policy board members Nakamura and Noguchi dissented. Source: Bloomberg Additionally, […]

  • Trump Tells Ramaswamy 'No' For VP, But Leaves Cabinet Door Open
    by Tyler Durden on March 19, 2024 at 3:20 am

    Trump Tells Ramaswamy 'No' For VP, But Leaves Cabinet Door Open Donald Trump 'personally told' Vivek Ramaswamy that he's been ruled out as a running mate, however the former president is eyeing a Cabinet job including the Homeland Security secretary, according to Bloomberg, citing people familiar with the matter. According to the report, "Some Trump allies see Ramaswamy as ideal for the job because they say he excels at public speaking and, as an Indian-American son of an immigrant, could neutralize criticism of sweeping immigration restrictions." Their conversation is just […]

  • Report Criticizes 'Catastrophic Errors' Of COVID Lockdowns, Warns Of Repeat
    by Tyler Durden on March 19, 2024 at 3:00 am

    Report Criticizes 'Catastrophic Errors' Of COVID Lockdowns, Warns Of Repeat Authored by Kevin Stocklin via The Epoch Times (emphasis ours), It was four years ago, in March 2020, that health officials declared COVID-19 a pandemic and America began shutting down schools, closing small businesses, restricting gatherings and travel, and other lockdown measures to “slow the spread” of the virus. UNICEF unveiled its "Pandemic Classroom," a model made up of 168 empty desks, each seat representing one million children living in countries where schools were almost entirely closed […]

  • Yen's Whiplash Day Only Begins With A Rate Hike
    by Tyler Durden on March 19, 2024 at 2:46 am

    Yen's Whiplash Day Only Begins With A Rate Hike By Mark Cranfield, Bloomberg markets live reporter and strategist USD/JPY may be priced for the Bank of Japan to exit negative rates - something which thanks to the non-stop media leaks we know for a fact will happen - but a knee-jerk selloff is still likely when the first headline drops as traders react to the news. And that will only be the start of what could be a series of back-and-forth swings for the yen until Governor Ueda ends his press conference a few hours after the BOJ statement lands. While tightening policy is […]

  • The 4th Bitcoin Halving Explained
    by Tyler Durden on March 19, 2024 at 2:40 am

    The 4th Bitcoin Halving Explained Sometime in April 2024, the reward that cryptocurrency miners receive for mining bitcoin (BTC) will go from ₿6.25 to ₿3.125, with significant consequences for the world’s most valuable digital currency. To help understand this quadrennial event, Visual Capitalist's Chris Dickert teamed up with HIVE Digital to take a deep dive on historical bitcoin data from Coinmetrics to see what the three previous halvings might tell us about the fourth. Bitcoin Explained But to understand halvings, we first need to take a step back to talk a bit […]

  • Another Shutdown Averted As Deal Reached
    by Tyler Durden on March 19, 2024 at 2:20 am

    Another Shutdown Averted As Deal Reached Congress has reached a deal to avert yet another shutdown following an agreement to fund the Department of Homeland Security (DHS) through the remainder of FY 2024, according to Punchbowl News' Jake Sherman. 🚨BREAKING NEWS -- SPENDING DEAL DONE -- Congressional negotiators have come to an agreement. on DHS funding, the final piece of the FY2024 spending package Aides are working on leg text now, hoping to release in the coming days. — Jake Sherman (@JakeSherman) March 18, 2024 The U.S. Capitol building at night in Washington on […]

  • One Bank Sees Bitcoin At $200,000, While Ether Hits $14,000 As It Becomes JPMorgan's Favorite Crypto
    by Tyler Durden on March 19, 2024 at 2:00 am

    One Bank Sees Bitcoin At $200,000, While Ether Hits $14,000 As It Becomes JPMorgan's Favorite Crypto Many crypto skeptics laughed over a month ago when, back on February 5, Standard Chartered analyst Geoff Kendrick predicted that Ether (which was then trading in the low $2000s) would hit $4,000 by May, around the time the Ethereum ETF was to be approved. They weren't laughing when we got there just one month later, and more than two months ahead of schedule. They also laughed when back in January, Kendrick laid out his "high" case for bitcoin ETF accumulation - one which […]

  • Illegal Immigrant Can Carry Guns: Federal Judge
    by Tyler Durden on March 19, 2024 at 1:40 am

    Illegal Immigrant Can Carry Guns: Federal Judge Authored by Zachary Stieber via The Epoch Times, An illegal immigrant was wrongly banned from possessing guns, according to a recent ruling. A federal law, Section 922 of Title 18 of the U.S. Code, bars illegal immigrants from carrying guns or ammunition. Prosecutors charged Heriberto Carbajal-Flores, the illegal alien, in 2020 after he was found in Chicago carrying a semi-automatic pistol despite “knowing he was an alien illegally and unlawfully in the United States.” U.S. District Judge Sharon Johnson Coleman rejected two […]

  • Trust In Flying Still High, But Passengers Take More Precautions
    by Tyler Durden on March 19, 2024 at 1:20 am

    Trust In Flying Still High, But Passengers Take More Precautions The Department of Justice has opened a criminal investigation into the panel blow out of a Boeing 737 MAX operated by Alaska Airlines in January, according to the Wall Street Journal. The incident was the first in a chain of events reported this year, which have led to increased scrutiny of the company and heightened media attention over such incidents. Despite the string of faults that have been publicized, the chances of being killed on a flight are extremely low. This knowledge is well ingrained in many, as […]

  • Queenpin Of Guatemalan Drug Cartel Sentenced Over International Trafficking Conspiracy
    by Tyler Durden on March 19, 2024 at 1:00 am

    Queenpin Of Guatemalan Drug Cartel Sentenced Over International Trafficking Conspiracy Authored by Stephen Katte via The Epoch Times (emphasis ours), A Queenpin of the Lorenzana drug trafficking network has been sentenced to 33 years in prison and forced to forfeit $27 million for charges related to international drug trafficking. The U.S. Department of Justice building in Washington on June 28, 2023. (Madalina Vasiliu/The Epoch Times) According to the Department of Justice, Queenpin Marta Julia Lorenzana-Cordon from Zacapa, Guatemala, was a leader in one of the largest and […]

  • More & More Americans Turn To TikTok For News
    by Tyler Durden on March 19, 2024 at 12:40 am

    More & More Americans Turn To TikTok For News The House of Representatives passed a bill last week that could lead to a nationwide ban of the social media platform TikTok in the United States, unless its Chinese owner Byte Dance sells its stake in the company within 165 days. U.S. lawmakers had raised concerns over the question of data and national security risks of the app, fearing potential links to China’s government. TikTok, which is headquartered outside of China, says it has never been asked by the Chinese government to provide them with U.S. data and has been […]

  • Trump Reveals Plan To Impose 100 Percent Tariffs On Chinese Cars Made In Mexico
    by Tyler Durden on March 19, 2024 at 12:20 am

    Trump Reveals Plan To Impose 100 Percent Tariffs On Chinese Cars Made In Mexico Authored by Naveen Athrappully via The Epoch Times (emphasis ours), Former President Donald Trump threatened to impose 100 percent tariffs on Chinese cars made in Mexico once reelected, double the 50 percent he stated earlier. Republican presidential candidate and former President Donald J. Trump speaks at a rally in Manchester, N.H., on Jan. 20, 2024. (Madalina Vasiliu/The Epoch Times) “Mexico has taken, over a period of thirty years, 34 percent of the automobile manufacturing business in our […]

  • US Confirms Israel Killed Hamas No. 3, But Biden Calls Rafah Ground Op 'A Mistake'
    by Tyler Durden on March 19, 2024 at 12:00 am

    US Confirms Israel Killed Hamas No. 3, But Biden Calls Rafah Ground Op 'A Mistake' On Monday the White House confirmed that Israel killed Hamas number three Marwan Issa in an operation on March 11. Israeli military spokesman Rear Admiral Daniel Hagari had initially announced the likelihood of his death, but said the military is still awaiting confirmation. Some international reports have described Issa as the number two most important leader. But what is clear is that Issa’s death marks the highest-ranking official of Hamas to be taken out during Israel’s war with Hamas […]

  • High-Schoolers Are Losing Confidence In The Benefits Of A College Degree
    by Tyler Durden on March 18, 2024 at 11:40 pm

    High-Schoolers Are Losing Confidence In The Benefits Of A College Degree Via Campus Reform, A recently released study that involved focus groups and a national study explores how high school students and non-enrolled adults ages 18-30 view the prospects of a college degree. New data suggests that prospective college students are finding fewer and fewer reasons to obtain a degree. Inside Higher Ed recently highlighted a new report by the Gates Foundation-funded HCM Strategists and Edge Research revealing that high school students and young adults have a declining view of […]

  • Google Denies Election Interference After Report Cites Dozens Of Instances Helping Dems, Censoring Republicans
    by Tyler Durden on March 18, 2024 at 11:20 pm

    Google Denies Election Interference After Report Cites Dozens Of Instances Helping Dems, Censoring Republicans Google has denied a new report by the right-leaning Media Research Center (MRC) alleging 41 instances of "election interference" since 2008. According to the report, Google has "utilized its power to help push to electoral victory the most liberal candidates…while targeting their opponents for censorship." This article understates the magnitude of the problem – Google interferes to help Democrats thousands of times every election season! This is to be expected […]

  • Biden Wants To Hike Taxes By $7 Trillion Dollars
    by Tyler Durden on March 18, 2024 at 11:00 pm

    Biden Wants To Hike Taxes By $7 Trillion Dollars Authored by Mike Shedlock via MishTalk.com, If Democrats win the trifecta with a clean sweep of the Senate, House, and White House in November, taxes would rise by $7 trillion over 10 years. The House Ways and Means Committee reports The Biden Tax Hike Will Likely Exceed $7 Trillion. I believe they mean would not will. Tax Details President Biden Quietly Pledges to Let Trump Tax Cuts Expire Sending Jobs and Companies Overseas with Higher Business Taxes than China Global Tax Surrender Allows Foreign Governments […]

  • Russia Mulls Security Buffer Zone As Ukraine Drones Shut Down 600,000 Barrels Of Daily Refining
    by Tyler Durden on March 18, 2024 at 10:40 pm

    Russia Mulls Security Buffer Zone As Ukraine Drones Shut Down 600,000 Barrels Of Daily Refining After Russian President Vladimir Putin's post-election victory speech and Q&A with the press wherein he first unveiled the possibility of creating a buffer zone between Ukrainian land and Russian border regions, the Kremlin has issued more details of the plan being mulled.  Putin had initially described Sunday, "I do not exclude that, bearing in mind the tragic events taking place today, we will be forced at some point, when we deem it appropriate, to create a certain […]

  • US Announces Plan To Evacuate American Citizens Stranded In Haiti
    by Tyler Durden on March 18, 2024 at 10:20 pm

    US Announces Plan To Evacuate American Citizens Stranded In Haiti Authored by Jack Phillips via The Epoch Times (emphasis ours), The State Department confirmed that it will try to evacuate Americans who are still stranded in Haiti as the country’s security situation continues to deteriorate. Police officers patrol a neighborhood amid gang-related violence in downtown Port-au-Prince on April 25, 2023. (Richard Pierrin/AFP via Getty Images) On March 16, the U.S. Embassy in Haiti stated that it will organize a charter flight for U.S. citizens who still remain in the country, […]

  • Watch: Nvidia Unveils 'Project GROOT' Robot & New 'Grace Blackwell' Superchip
    by Tyler Durden on March 18, 2024 at 10:15 pm

    Watch: Nvidia Unveils 'Project GROOT' Robot & New 'Grace Blackwell' Superchip Nvidia announces the highly anticipated Blackwell platform to power a new era of computing, specifically introducing Blackwell B200 AI chip. Among the many organizations expected to adopt Blackwell are Amazon Web Services, Dell Technologies, Google, Meta, Microsoft, OpenAI. Oracle. Tesla and xAI. A Massive Superchip "The NVIDIA GB200 Grace Blackwell Superchip connects two NVIDIA B200 Tensor Core GPUs to the NVIDIA Grace CPU over a 900GB/S ultra-low-power NVLink chip-to-chip interconnect." […]

  • Woke Mind Virus Causes 'Anxiety & Depression', New Study Reveals
    by Tyler Durden on March 18, 2024 at 10:00 pm

    Woke Mind Virus Causes 'Anxiety & Depression', New Study Reveals A new study from psychological researchers in Finland, published in the Scandinavian Journal of Psychology, finds a positive correlation between an individual's commitment to social justice beliefs, including "intersectionality," "antiracism," and "wokeness," and experiencing a life full of anxiety and depression.  As the 'woke mind virus' spreads like cancer across Western nations, there are new concerns about a developing mental health crisis. This is because the study, titled "Construction and validation […]

  • "It's Like The Wild West": Crime And Violence On NYC Transit Underreported According To NYPD Source
    by Tyler Durden on March 18, 2024 at 9:40 pm

    "It's Like The Wild West": Crime And Violence On NYC Transit Underreported According To NYPD Source Authored by Matthew Lysiak via The Epoch Times (emphasis ours), Crime and violence in New York City’s subway system have spiraled out of control and are “significantly higher” than the agency’s official numbers have publicly indicated, according to a New York Police Department (NYPD) source. The official number of arrests made in the city’s subway system rose by 45 percent this year, with more than 3,000 arrests made underground in the first two months of the year, […]

  • Israeli Official Accuses US Of 'Slow-Walking' Arms & Ammo Deliveries
    by Tyler Durden on March 18, 2024 at 9:20 pm

    Israeli Official Accuses US Of 'Slow-Walking' Arms & Ammo Deliveries An Israeli official has told ABC News that the pace of military aid from Washington to Israel has noticeably slowed, but stopped just short of accusing the Biden administration of intentionally throttling weapons deliveries, though the implication is there. The unnamed senior Israeli official described that in the weeks and initial months following the Oct.7 Hamas terror attack supply shipments from the United States "were coming very fast" but that now "we are now finding that it’s very slow." Image: […]

  • Google's A.I. Fiasco Exposes Deeper Infowarp
    by Tyler Durden on March 18, 2024 at 9:00 pm

    Google's A.I. Fiasco Exposes Deeper Infowarp Authored by Bret Swanson via The Brownstone Institute, When the stock markets opened on the morning of February 26, Google shares promptly fell 4%, by Wednesday were down nearly 6%, and a week later had fallen 8% [ZH: of course the momentum jockeys have ridden it back up in the last week into today's NVDA GTC keynote]. It was an unsurprising reaction to the embarrassing debut of the company’s Gemini image generator, which Google decided to pull after just a few days of worldwide ridicule. CEO Sundar Pichai called the failure […]

  • Gen-Z OnlyFans 'Creator' Quits As She Dedicates Life To Jesus Christ
    by Tyler Durden on March 18, 2024 at 8:40 pm

    Gen-Z OnlyFans 'Creator' Quits As She Dedicates Life To Jesus Christ OnlyFans has become a site for adult entertainers and amateurs to deliver pornographic content straight to their horny fans. Gen-Zers have flocked to the site, many of whom are young women seeking 'female empowerment.'  The platform boasts about young female superstar "models" making six- and seven-figure earnings, aspiring (or corrupting) an entire generation of young people to give up on education and degrade themselves as a sex worker. This trend exploded during Covid as many youngsters have lost all memory […]

  • High Gold Prices Dampen Demand in Asia's Leading Markets
    on March 18, 2024 at 8:25 pm

    In some Asian markets, the demand for physical gold has declined due to high prices, leading consumers to reduce purchases. This shift has prompted dealers in key markets like India to offer substantial discounts, while in China, gold premiums have fallen to their lowest since July. Although the demand from consumers has weakened, there is still investor interest in gold as a safe haven, particularly in China, amid concerns about an uneven economic recovery. However, the People's Bank of China is expected to keep its import policy unchanged unless there's notable fluctuation in the RMB […]

  • A Break from Tradition: How the Fed's Recent Policies Have Cost US Households
    on March 18, 2024 at 8:22 pm

    The Federal Reserve's recent interest rate hikes have deviated from the historical norm, resulting in a net loss in interest income for U.S. households for the first time in fifty years. While increases in the Fed's rates typically lead to a net gain for households, the interest paid on mortgages, credit cards, and other debts has surged by nearly $420 billion since March 2022, overshadowing the $280 billion rise in interest income. This shift has led to a significant reduction in household net interest income, marking a departure from past trends. Although the impact of Fed policies on […]

  • All Eyes on the Federal Reserve: What To Know This Week
    on March 18, 2024 at 8:18 pm

    As the Federal Reserve's crucial March meeting approaches, U.S. stock indexes have retreated from record highs in anticipation. The key event on Wednesday will reveal the Fed's latest monetary policy decision and economic forecasts. Investors are keenly awaiting to see if the Fed maintains its projection of three rate cuts in 2024, especially after recent inflation data indicated a slower than expected decline, adjusting market expectations for rate cuts from six to three this year. The outcome hinges on whether the Fed considers recent inflation trends significant enough to alter its […]

  • Barron's: A New Buy Signal For Gold
    on March 18, 2024 at 8:14 pm

    Gold has shown promising signs of continued momentum, with recent technical indicators reinforcing bullish sentiments. After initially highlighting a bullish reversal in October 2023 and issuing a buy signal, the recommendation was adjusted to neutral in December when gold failed to maintain a close above $2100. The metal's trajectory is now set on breaking out of a four-year base, potentially entering a new bull market with targets of $2400 in the short term and, following a monthly close above $2200, long-term projections range between $3600 to $4000, signaling strong buyer control and […]

  • Silver Prices Dip as Prospects of Early Fed Rate Cuts Diminish
    on March 18, 2024 at 8:08 pm

    The price of silver has experienced a pullback, trading around $25.10, after approaching the upper limit of its long-term range. This correction is likely attributed to adjusted expectations for U.S. interest rates, which are now anticipated to stay higher for an extended period. Given silver's status as a non-yielding asset, higher interest rates increase the opportunity cost of holding it, especially in light of recent U.S. inflation data indicating persistently high inflation. This scenario postpones the likelihood of the Federal Reserve cutting interest rates, exerting downward pressure […]

  • GOLD BULL CATALYST: Some Indicators Are Approaching 2009 Collapse Levels
    by King World News on March 18, 2024 at 7:30 pm

    Even more gold bull catalysts are emerging as some indicators are now approaching 2009 collapse levels.  Take a look... The post GOLD BULL CATALYST: Some Indicators Are Approaching 2009 Collapse Levels appeared first on King World News.

  • Mixed Economic Signals Challenge Fed's Next Move in the Inflation Battle
    on March 18, 2024 at 2:10 pm

    Despite initial signs of declining inflation and rising consumer confidence at the end of last year, the early months of 2024 have presented a mixed picture. Inflation rates remain above 3%, retail sales have weakened, and wholesale prices have unexpectedly increased. However, these developments haven't significantly shaken investor confidence, with expectations still leaning towards the Federal Reserve reducing interest rates within the year, albeit potentially later than anticipated. This anticipation comes amidst consumers' ongoing frustrations with high prices across various sectors. The […]

  • Gold Beans: The New Investment Craze Among China's Youth
    on March 18, 2024 at 2:01 pm

    Gold has recently hit a record high, attracting the attention of young Chinese investors who are now focusing on acquiring gold beans and jewelry. These gold beans, weighing one gram each and priced at approximately $84.5 (600 yuan), are particularly popular among China's Generation Z for their affordability and the protection they offer against economic uncertainties. The slight premium over the global market price reflects production costs and the closed nature of China's market, making these beans a valuable commodity for investment.

  • Gold Expert Talks 2024 Outlook, Plus Forecast for Silver, Platinum and Palladium
    on March 18, 2024 at 1:57 pm

    As we move into 2024, gold has seen an impressive rally, breaking the US$2,100 per ounce mark and nearing US$2,200, raising questions about its potential for further gains and increased investor interest. The past year, 2023, was notable for gold's resilience and performance, even amid high interest rates, setting new record levels and outshining most other asset classes except US equities. A key driver of gold demand has been its unwavering appeal in the jewelry sector, particularly in emerging markets like India and China, despite the significant price increase from US$250 in 1999 to […]

  • Goldman Anticipates Bank of Japan Finally Ending Negative Rates
    on March 18, 2024 at 1:22 pm

    Goldman Sachs anticipates the Bank of Japan (BOJ) will increase interest rates at its next meeting, marking the first rate hike since 2007. This prediction follows recent developments, including stronger wage outcomes and speculation fueled by news articles. The expected policy shift suggests the BOJ will abandon its negative interest rate policy, cease yield curve control, maintain current government bond purchase levels, and keep its exchange-traded fund holdings unchanged. This shift is backed by recent wage negotiations and diverges from previous expectations of a rate change in April.

  • The Looming Crisis in America's Office Real Estate Market
    on March 18, 2024 at 1:16 pm

    The American office real estate market is experiencing significant challenges post-Covid-19, with vacancy rates soaring to 17%—higher than during the 2008 financial crisis. Despite this, forced sales of office buildings remain rare, with only 3.5% of office deals in 2023 involving distressed sellers. This is partly because a still-strong economy has allowed tenants to continue paying rent. However, as leases expire, many companies are downsizing their office space by 30% to 40%, suggesting that the market may face more stress in the future.

  • Michael Oliver – This Market Is About To Break And It Will Fuel Gold’s Rise To New All-Time Highs
    by King World News on March 18, 2024 at 11:50 am

    Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, communicated to King World News that a major market is about to break and it will fuel gold's rise a new all-time highs. The post Michael Oliver – This Market Is About To Break And It Will Fuel Gold’s Rise To New All-Time Highs appeared first on King World News.

  • James Turk – What Is Happening In The Gold Market Is Shocking
    by King World News on March 17, 2024 at 5:17 pm

    While the price of gold recently hit an all-time high of $2,200, what is happening in the gold market is shocking. The post James Turk – What Is Happening In The Gold Market Is Shocking appeared first on King World News.

  • India Creating Short Squeeze In The Silver Market, And Look At Gold…
    by King World News on March 15, 2024 at 9:47 pm

    The price of silver has surged $3 in the past 12 trading days because India is creating a short squeeze in the silver market.  This is a demand driven situation that threatens to send the price of silver soaring in the short-term.  And take a look at what is happening with gold... The post India Creating Short Squeeze In The Silver Market, And Look At Gold… appeared first on King World News.

  • Silver Production Set to Grow 4.1% in 2024 with Operations Resuming
    on March 15, 2024 at 8:29 pm

    Global silver production is on track to rise by 4.1% to 916.1 million ounces in 2024. This growth is mainly due to the restart and increase of operations that paused in 2023. Expected production boosts in Mexico, the US, China, and Russia in 2024 will compensate for decreases in Peru, Argentina, and Kazakhstan. Mexico, which contributed 24.1% (211.6 million ounces) to the global silver supply in 2023, anticipates a recovery to 224 million ounces in 2024 after a 3.2% drop due to 2023's operational challenges.

  • Silver Eyes Breakout: Technical Perspective
    on March 15, 2024 at 8:22 pm

    Silver is currently near the $25 mark, signaling a potential upward breakout. This interest is partly due to expectations of the Federal Reserve's supportive monetary policies, which typically benefit precious metals. Unlike gold, silver's identity fluctuates between an industrial and a precious metal, influenced by current market trends. Presently, it's acting more as a precious metal, though green initiatives worldwide could also push its price. The $26 resistance level is significant, suggesting strong market defense against further increases.

  • Florida's Housing Market Sees Price Drop Amid Insurance Crisis
    on March 15, 2024 at 8:17 pm

    In Florida, an increasing number of homeowners are looking to sell their properties quickly due to the deepening insurance crisis. Currently, Zillow lists 204,833 properties for sale, with 5,244 flagged by "motivated sellers" ready to accept offers below their listed prices. This surge indicates a notable shift in the market dynamics.

  • Yellen Says She Regrets Saying Inflation Was ‘Transitory’
    on March 15, 2024 at 8:11 pm

    Treasury Secretary Janet Yellen has expressed regret for previously labeling the 2021 inflation spike as "transitory." This term, used by both Federal Reserve and Biden administration officials, was meant to indicate that the pandemic-induced price increases would be short-lived. Yellen admitted in a FOX Business Network interview that "transitory" may have been interpreted by the public to mean a matter of weeks or months, acknowledging that the situation has extended beyond those expectations.

  • US Consumers Feel the Pinch as Inflation Concerns Linger
    on March 15, 2024 at 8:08 pm

    Despite a slowdown in inflation, US consumers continue to struggle with high prices, spotlighting inflation as a key political challenge ahead of the upcoming elections. It's proving to be a major hurdle for the Federal Reserve's goal of achieving a gentle economic descent. In terms of voter priorities, inflation trails only immigration and the broader economic landscape, but it leads issues like foreign policy, climate change, taxes, healthcare, and crime, as found in a recent Wall Street Journal poll. This sentiment is echoed in President Joe Biden's approval ratings on inflation […]

  • First Fed Rate Cut Expected by Economists in June
    on March 15, 2024 at 2:03 pm

    Despite a recent uptick in inflation, the consensus among economists surveyed by Bloomberg is that the Federal Reserve will enact three rate cuts this year and another four in 2025. The expectation is for the Federal Open Market Committee to maintain the current rate between 5.25% and 5.5% in their next meeting, marking a fifth period of steadiness, with the initial reduction anticipated in June. A strong majority of these economists foresee at least three cuts in 2024, although over a third predict two or fewer.

  • Copper Surges over $9,000
    on March 15, 2024 at 1:58 pm

    Copper's price has leapt over the $9,000 mark, buoyed by a near 5% rise this week, thanks to looming supply shortages. This rebound snaps a long period of stagnation, sparking optimism that we might be steering clear of the global economic downturn's worst, especially for copper. This metal's demand is skyrocketing due to its critical role in the booming electric vehicle and renewable energy sectors.

  • Goldman Sachs CEO Sees Bright 2024 as Markets Rally
    on March 15, 2024 at 1:56 pm

    Goldman Sachs' CEO, David Solomon, is eyeing a prosperous 2024, banking on a surge in capital markets activity to drive gains. In his annual shareholder letter, Solomon highlighted the bank's sharpened focus on its bread-and-butter: global banking and markets, along with asset and wealth management. He points out that the cost of capital has significantly risen, a shift markets are currently navigating, thanks to the end of lenient monetary policies.

  • Bank of Japan Eyes Policy Shift: Ending Negative Rates
    on March 15, 2024 at 1:45 pm

    The Bank of Japan is reportedly gearing up to bid farewell to its negative interest rate policy during the March 18-19 meeting, per Jiji news agency. This potential shift comes as major companies announce significant wage hikes, surpassing last year's increases. Such positive salary trends could provide the BOJ the flexibility it needs to adjust its cornerstone policy.

  • Will Gold Continue to New Heights?
    on March 15, 2024 at 1:39 pm

    Gold's value has skyrocketed, reaching unparalleled peaks amid a storm of geopolitical unrest, anticipation of interest rate cuts, and a surge in algorithmic trading. Investors now face the pivotal question: Will gold's lustrous rally continue or dim? Currently, gold futures are dazzling at $2,164.5 per troy ounce, marking a 9.1% increase over the past month and a 14% rise year-over-year. While some experts predict even loftier heights for gold in the coming months, there's a camp cautioning a potential short-term retreat in its value.

  • More Gold & Silver Bull Catalysts Plus A Look At The “Wall Of Terror”
    by King World News on March 15, 2024 at 10:43 am

    There seem to be more gold and silver bull catalysts emerging on a daily basis.  Take a look... The post More Gold & Silver Bull Catalysts Plus A Look At The “Wall Of Terror” appeared first on King World News.

  • Gold and Silver: Preppers' Choice for Weathering Uncertainty
    on March 14, 2024 at 8:16 pm

    Doomsday preppers, known for their readiness for any catastrophe, are increasingly turning to gold bars as a staple in their survival kits. This trend towards gold—and silver—isn't just a reaction to favorable market conditions. Experts interpret the growing interest in these metals as a reflection of broader societal anxieties and a search for stability amidst uncertainty. Timothy Morton, a philosopher and ecologist, captures the sentiment: "In a world perceived as unstable, people crave something enduring."

  • Yellen Cautions: Inflation’s Decline Might Not Be Smooth
    on March 14, 2024 at 8:03 pm

    Treasury Secretary Janet Yellen highlighted the potential for a turbulent decrease in inflation, despite recent signs of persistent price pressures in the U.S. economy. In a FOX Business interview, Yellen addressed stagflation worries, asserting that the battle against inflation is ongoing and has not hit a standstill. Yellen emphasized, "Expect fluctuations, but the overall trend is promising." She also reiterated President Biden's commitment to tackling the high costs affecting Americans, signaling that smoothing out inflation remains a top government priority.

  • Fed's Focus Shifts: Slowing Quantitative Tightening is Key
    on March 14, 2024 at 7:52 pm

    As interest-rate reductions remain off the agenda, the US Federal Reserve's attention turns towards moderating the pace of quantitative tightening (QT) during its upcoming policy meeting. QT involves scaling back the Fed's substantial securities holdings, accumulated to bolster the economy previously. A definitive strategy for this slowdown is expected by mid-year, underscoring that the impact of where QT ultimately ends is more critical than the rate at which it proceeds.

  • Another Inflation Wave Is Underway
    by King World News on March 14, 2024 at 7:50 pm

    Another inflation wave is underway, and the Fed will have to decide whether to cut rates into inflation. The post Another Inflation Wave Is Underway appeared first on King World News.

  • Rogoff Warns: Biden and Trump Policies Could Skyrocket US Debt
    on March 14, 2024 at 7:49 pm

    Kenneth Rogoff, a Harvard University economics professor, voiced concerns over the potential for both President Joe Biden and Donald Trump to significantly increase US debt. Speaking on Bloomberg Television's Wall Street Week, Rogoff criticized the casual stance of Washington towards national debt, cautioning against the expectation that the era of ultra-low interest rates will return. Despite the difficulty in pinpointing a debt ceiling, with projections suggesting federal debt could rise to 116% of GDP by 2034 from today's 99%, Rogoff emphasizes the impending challenges of maintaining such […]

  • Wall Street's Recession Reversal Echoes 2007's Optimism, Warns Expert
    on March 14, 2024 at 7:46 pm

    Wall Street's economic forecasters, who were once bracing for a recession, have largely reversed their predictions—a shift that raises eyebrows among some market veterans. This newfound optimism is eerily similar to the mood in 2007, just before the financial crisis, according to Albert Edwards of Société Générale. Despite recent stock market highs and strong data on nonfarm payrolls and GDP, Edwards cautions against letting these bright spots overshadow weaker economic signals.

  • Gold’s Rally to $2,195: A Sign of What’s to Come
    on March 14, 2024 at 7:22 pm

    Gold's journey has hit a new milestone, soaring to an all-time high of $2,195 this week. But gold in America has a troubled past...

  • ZeroHedge: IEA, OPEC Divergence On Oil Demand Becomes Too Big To Ignore
    on March 14, 2024 at 1:59 pm

    Reuters this week reported that the divergence between IEA and OPEC demand numbers is the largest in 16 years. The IEA predicted last year that oil demand would peak before 2030. OPEC has a vested interest in stronger global demand, so there may well be an overestimation bias in its outlooks.

  • JPMorgan Sees Gold Soaring to $2,500
    on March 14, 2024 at 1:52 pm

    JPMorgan Chase & Co. tags gold as its top commodity pick, forecasting a potential surge to $2,500 per ounce this year, fueled by market enthusiasm. Natasha Kaneva, the bank's lead commodities researcher, highlighted the metal's recent peak at $2,195.15, suggesting a climb to $2,500 is within reach if inflation moderates and job growth stabilizes. Additionally, the Federal Reserve's expected shift to a more accommodative monetary policy could further elevate gold's attractiveness against yield-generating investments, pending evidence of inflation aligning closer to the Fed's 2% goal.

  • India Grants RBI Levy-Free Gold Imports
    on March 14, 2024 at 1:20 pm

    In a significant move, India has now permitted its Reserve Bank (RBI) to import gold without incurring import levies, a late Tuesday government notification revealed. Traditionally, gold importers in India, the world’s second-largest consumer of the metal, face charges like the basic customs duty and Agriculture Infrastructure and Development Cess (AIDC). The RBI's gold reserves stood at 800.79 metric tonnes as of September 2023, with holdings both within the country and abroad, highlighting the central bank's substantial investment in gold.

  • Gold Hits New Peak: Why It's Just Getting Started
    on March 14, 2024 at 1:15 pm

    Gold's price soared to an unprecedented $2,195 per troy ounce, marking a significant breakout from its decade-long stagnation. This rally, partly fueled by a buying spree from China, is also getting a boost from traditional market drivers aligning favorably. With these factors in play, gold's journey to new heights is well underway, signaling a bullish trend for the precious metal.

  • U.S. Office Market Faces Major Glut, Warns Brookfield Executive
    on March 14, 2024 at 1:07 pm

    At the MIPIM property conference in Cannes, Brookfield Asset Management's Bradley Weismiller revealed a striking issue: the U.S. office market is now the most oversupplied globally. According to Weismiller, this imbalance is a product of excessive construction in certain areas, coupled with a shift in how these spaces are utilized. He highlighted that the U.S. market's overexpansion and its impact on property investors, who are now grappling with heightened levels of debt, underscore a pressing need for strategic reassessment in the real estate sector.

  • Global Ponzi Scheme Quickly Approaching A Day Of Reckoning
    by King World News on March 14, 2024 at 11:36 am

    The global Ponzi scheme is quickly approaching a day of reckoning. The post Global Ponzi Scheme Quickly Approaching A Day Of Reckoning appeared first on King World News.

  • Dimon Warns: US Economic Outlook Uncertain, Recession Risk Lingers
    on March 13, 2024 at 8:36 pm

    JPMorgan CEO Jamie Dimon suggests the possibility of a US recession remains, advising caution against prematurely cutting interest rates. Speaking at the Australian Financial Review Business Summit, Dimon noted that while a "soft landing" is anticipated by many, he believes its likelihood is significantly lower, raising concerns of potential stagflation. He also mentioned the distortion of economic indicators by COVID-19, advocating for a wait-and-see approach from the Federal Reserve for clearer signals before making rate adjustments.

  • Summer Oil Spike Looms, Morgan Stanley Strategist Alerts
    on March 13, 2024 at 8:10 pm

    Morgan Stanley's oil strategist, Martijn Rats, cautions that investors might be surprised by a significant oil price rally this summer. This warning follows a recent increase in oil prices, driven by concerns over supply disruptions after drone attacks on Russian refineries and optimism that the Federal Reserve might lower interest rates, potentially boosting demand. As of midday in London, Brent crude for May delivery climbed to $83.23 a barrel, and West Texas Intermediate (WTI) for April was up at $78.95, indicating a bullish trend in the market.

  • The Fight Against Counterfeit Dollars: What You Need to Know
    on March 13, 2024 at 7:48 pm

    Even as digital payments gain traction, counterfeit currency remains a significant issue. In 2023, the U.S. Secret Service confiscated $21.8 million in fake bills, leading to almost 200 arrests. While this figure represents a decrease from previous years ($41.5 million in 2022 and $51.4 million in 2021), the proliferation of counterfeit currency continues to pose a threat to the financial system. Beyond their well-known role in protecting high-profile officials, the Secret Service also plays a crucial part in safeguarding the nation's financial infrastructure.

  • CNBC's February Inflation Breakdown
    on March 13, 2024 at 7:35 pm

    February 2024 saw consumers facing persistent inflation, though slightly cooler from its peak in 2022. The Bureau of Labor Statistics reports a 3.2% annual increase in the consumer price index (CPI), with a 0.4% rise over the month, hinting at inflation's steady presence above the Federal Reserve's 2% target. Despite a more positive economic outlook among Americans, as per a Gallup survey, the cost of living continues to challenge many. This month's inflation was notably influenced by higher gasoline and shelter costs, while food prices remained unchanged, according to Bankrate’s Mark […]

  • Silver’s Radical Upside Roadmap, And A Big Warning From The Hairy 1970s
    by King World News on March 13, 2024 at 7:30 pm

    A big warning from the hairy 1970s, plus a look at silver's radical upside roadmap. The post Silver’s Radical Upside Roadmap, And A Big Warning From The Hairy 1970s appeared first on King World News.

  • STOCK BUBBLE: You Need To See This Data - 1929 Again?
    on March 13, 2024 at 7:10 pm

    Is the stock market on the brink of a major correction?

  • Gold Expected to Shine Amid Uncertainty: World Gold Council at BMO Conference
    on March 13, 2024 at 6:39 pm

    At the BMO Capital Markets 33rd Annual Global Metals, Mining & Critical Minerals Conference, WGC CEO David Tait emphasized ongoing reforms aimed at enhancing trust in the gold market. Initiatives like the Gold247 project, launched last year, seek to modernize the trading of gold, making it more efficient, transparent, and easily exchangeable.

  • Homeownership Hopelessness: Renters Doubt Future Possibilities
    on March 13, 2024 at 6:30 pm

    A recent poll reveals a grim perspective among American renters on homeownership, highlighting affordability and livability issues in their areas. Despite the aspiration to own a home one day, a significant 61% of renters fear that achieving this cornerstone of the American dream is out of their reach, feeling that no matter their effort, homeownership remains an unattainable goal.

  • Mortgage Demand Rises as Interest Rates Dip Below 7%
    on March 13, 2024 at 5:31 pm

    Mortgage demand climbed this week, following a drop in interest rates to 6.84% from 7.02% for 30-year fixed-rate loans. Refinancing applications jumped 12%, showing a 5% increase from the same period last year. Meanwhile, home purchase applications grew by 5% week-over-week, though they remain 11% lower than last year's figures.

  • Potential Layoffs Ahead as Companies Brace for Interest Rate Hikes
    on March 13, 2024 at 5:19 pm

    Economists warn of possible layoffs as firms grapple with rising interest rates. Despite current strong job market indicators, David Rosenberg of Rosenberg Research anticipates a hiring slowdown, projecting unemployment could reach 5% by year-end. This reflects underlying economic vulnerabilities masked by seemingly robust employment figures.

  • Ukrainian Drones Strike Deep, Hitting Major Russian Oil Refinery
    on March 13, 2024 at 2:12 pm

    In a significant escalation, Ukraine launched a large-scale assault on Russian territory, deploying dozens of drones and rockets to strike a major oil refinery and other critical infrastructure, marking a bold attempt to challenge Russia's land borders. This attack, part of the ongoing conflict that has seen both nations utilize drones for strategic hits against military and infrastructure targets, caused considerable damage to Lukoil's NORSI refinery among others. This move comes amid a series of Ukrainian strikes on Russian energy facilities and refineries, underlining the intensifying […]

  • Tax Season and Rising Debt Costs Push U.S. February Deficit Wider
    on March 13, 2024 at 1:47 pm

    The U.S. government's budget deficit ballooned in February, driven by a significant increase in spending due to the tax refund season and escalating interest costs on the national debt, according to the U.S. Treasury Department. The deficit reached $296 billion for the month, marking a 13% increase from February 2023's $262 billion gap. This uptick comes as expenditures hit a record $567 billion for February, a jump of 8%, while income rose modestly by 3% to $271 billion. This development slightly surpassed economists' forecasts, who had anticipated a $299 billion deficit.

  • South Korea's Reserve Bank Holds Back Amid Global Rush
    on March 13, 2024 at 1:07 pm

    As central banks are amassing gold, South Korea's reserve bank remains noticeably inactive, holding its gold reserves constant at 104.4 tons since 2013. This inaction comes at a time when, according to the World Gold Council, global central banks have significantly increased their gold holdings, adding 39 tons in January alone. This continues the trend of heavy gold acquisitions, with over 2,000 tons purchased in the past two years.

  • This Crisis Will Fuel Gold’s Continued Rise To New All-Time Highs
    by King World News on March 13, 2024 at 9:16 am

    With the price of gold futures recently hitting a new all-time high of $2,200 before backing pulling back, this crisis will fuel gold's continued rise to new all-time highs. The post This Crisis Will Fuel Gold’s Continued Rise To New All-Time Highs appeared first on King World News.

  • BRICS Expansion and De-Dollarization Efforts Challenge US and EU Economic Dominance
    on March 12, 2024 at 8:38 pm

    The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, is on a notable path of expansion and de-dollarization, raising concerns for the United States and the European Union. After welcoming several new members in January 2024, BRICS plans to extend further invitations within the year, signaling its growing influence and appeal. This expansion is part of a broader strategy to reduce dependency on the US dollar, with the bloc and its new members moving towards settling trades using their local currencies. Such moves are indicative of BRICS's commitment to de-dollarization, […]

  • Economists Question the Recession-Predicting Power of the Inverted Yield Curve
    on March 12, 2024 at 8:01 pm

    The inverted yield curve, historically a harbinger of recessions, is losing its clout as a predictive tool, suggest the insights from a recent Reuters poll of market strategists. Traditionally, a negative spread between 2-year and 10-year U.S. Treasury yields has been viewed as a strong indicator of impending economic downturns, with a near-perfect track record since 1955, failing only once. However, despite an inversion lasting over 20 months and a current discrepancy of 46 basis points, the conversation among experts has shifted towards a lesser likelihood of a recession or even potential […]

  • The Latest Inflation Breakdown
    on March 12, 2024 at 7:57 pm

    The latest inflation data reveals a mixed bag for American consumers, who have been grappling with rising costs for nearly two years. According to the Labor Department's February update, the Consumer Price Index (CPI)—which tracks the prices of a wide array of everyday items such as groceries, gasoline, and rent—rose by 0.4% from January and was 3.2% higher than the same time last year. Although this marks a slight deceleration from December's 3.4% inflation rate, it still exceeds the Federal Reserve's ideal target of 2%.

  • MASSIVE GOLD BREAKOUT UNDERWAY: Gold Price To Accelerate Higher In 2024
    by King World News on March 12, 2024 at 7:45 pm

    From a big picture perspective a historic gold breakout is underway, and even though there will be some volatility along the way, the price of gold is definitely set to accelerate higher in 2024. The post MASSIVE GOLD BREAKOUT UNDERWAY: Gold Price To Accelerate Higher In 2024 appeared first on King World News.

  • Gold's Rally Leaves Some Market Experts Baffled
    on March 12, 2024 at 6:11 pm

    Gold's recent rally has left some analysts puzzled, as the precious metal soared 7% in just over a week to achieve new record highs, surpassing the $2,195 per troy ounce mark. This surge has defied traditional market explanations, especially since it occurred amidst expectations of US interest rate cuts, which typically enhance the appeal of non-yielding assets like gold. Analysts like Nicky Shiels of MKS Pamp, describe the rally as "the quietest, most confusing" with the jump from $2,000 to over $2,150 being particularly baffling...

  • Economists at Commerzbank Expect the Gold Price To Remain Supported
    on March 12, 2024 at 6:03 pm

    Economists at Commerzbank project that gold prices are expected to stay robust, influenced by consistent buying from the People's Bank of China (PBoC), which has been increasing its gold reserves for 16 consecutive months. In February alone, the PBoC added approximately 390 thousand ounces of gold, equivalent to 12 tons, to its reserves.

  • Record Inflows Catapult Bitcoin Near All-Time Highs
    on March 12, 2024 at 2:39 pm

    Bitcoin continues to flirt with its highest-ever values, driven by a surge in investment into cryptocurrency markets and anticipation of a decrease in the rate at which new bitcoins are created. On Monday, Bitcoin reached a new zenith, nearing $72,881, and maintained a price around $71,780 by Tuesday morning in New York. This impressive performance is part of a broader trend in which a record $2.7 billion was invested into cryptocurrencies just last week, with Bitcoin receiving the lion's share of this influx, as reported by CoinShares International Ltd.

  • Gold Retreats from All-Time Highs as Traders Eye Upcoming U.S. Inflation Data
    on March 12, 2024 at 1:45 pm

    Gold prices saw a slight decrease in Asian markets on Tuesday, pulling back from their recent record-breaking highs as investors decided to cash in on their gains. The anticipation of interest rate reductions as early as June, combined with a spike in demand for safe-haven assets, had propelled gold to new heights in March, nearly reaching $2,200 an ounce. Gold has dipped slightly, with spot gold dropping to $2,178.43 an ounce and gold futures for April also decreasing by 0.2% to $2,184.65 an ounce, both trading around $15 short of the previous week's peak prices.

  • CPI Up 0.4% in February, a 3.2% Increase From a Year Ago
    on March 12, 2024 at 1:31 pm

    In February, the consumer price index (CPI) saw a 0.4% increase from the previous month and has risen 3.2% over the past year, according to the Labor Department's Bureau of Labor Statistics. These figures were generally expected, though the yearly increase slightly surpassed predictions, indicating a steady but slightly accelerated inflation rate. When looking at core CPI, which excludes the more unpredictable food and energy sectors, there was also a 0.4% monthly increase and a 3.8% rise year-over-year, both slightly higher than anticipated.

  • ZeroHedge: $1 Trillion Per 100 Days
    on March 11, 2024 at 8:26 pm

    With a stunning trillion dollars added to the national debt in only three months, projected to reach an incomprehensible $54 trillion within 10 years, and America’s interest payments on track to exceed defense spending next year, the question must be asked: How much longer can the debt bubble go?

  • How to Buy Gold & Silver With PayPal or Venmo
    on March 11, 2024 at 8:19 pm

    The popularity of online shopping has given rise to online payment platforms like PayPal and Venmo to simplify the payment process when shopping online for gold and silver.

  • Best Places to Hide Gold and Silver at Home
    on March 11, 2024 at 8:14 pm

    Conceal your precious metals from theft with our tips and suggestions for hiding gold and silver bullion in the living room, kitchen, bedroom or garden.

  • Oil Prices Tread Water as Market Anticipates US Inflation Insights
    on March 11, 2024 at 7:57 pm

    Oil prices remained relatively stable, with Western Texas Intermediate futures slightly declining to close just below $78 per barrel, after experiencing the lowest intraday price in two weeks. This cautious market movement comes as investors await US inflation data, which, if higher than anticipated, could complicate the Federal Reserve's monetary policy decisions. Additionally, key oil market reports from the International Energy Agency (IEA), the Organization of the Petroleum Exporting Countries (OPEC), and the US are expected to be released this week, potentially influencing future oil […]

  • Over 80,000 Global Enthusiasts Flock to Hong Kong's Twin Jewellery Shows
    on March 11, 2024 at 7:50 pm

    The International Jewellery Show and the International Diamond, Gem & Pearl Show, collectively attracted over 80,000 buyers from across the globe, showcasing over 4,000 exhibitors from 44 different countries and regions. Held at two distinct venues, these shows marked the successful resurgence of the Hong Kong Trade Development Council's "two shows, two venues" format, a first since the onset of the pandemic. The Diamond, Gem & Pearl Show welcomed over 31,000 buyers from 125 countries, whereas the Jewellery Show saw more than 49,000 attendees from 132 countries, demonstrating the […]

  • Can I Use Bitcoin or Other Cryptocurrencies to Buy Gold and Silver?
    on March 11, 2024 at 7:49 pm

    The answer to both questions is a resounding “Yes!” Let us show you how.

  • Can I Buy Gold With a Credit or Debit Card?
    on March 11, 2024 at 7:44 pm

    We accept most major credit and debit cards, including Visa, MasterCard, American Express, and Discover for purchases and security deposits.

  • The Commodities Feed: Gold Nears $2,200/oz
    on March 11, 2024 at 7:42 pm

    In light of shifting monetary policy expectations, gold prices have soared, nearly touching the $2,200 per ounce mark. This recent surge, culminating in almost a 5% increase last week alone, has been propelled by a series of record highs over four consecutive sessions. The unexpected rise in the U.S. jobless rate has fueled speculation that the Federal Reserve may lean towards a more accommodative monetary policy, which in turn has weakened the dollar and reduced 10-year Treasury yields, further elevating gold's allure. This rally has also resulted in the highest level of net speculative […]

  • Defying Expectations: Gold's Rally in a Strong Economic and Stock Market Environment
    on March 11, 2024 at 7:33 pm

    Despite a strong U.S. economy, soaring stock indexes, and record prices for riskier assets like bitcoin, gold continues to shine, reaching a historic high of $2,195 per ounce. This remarkable ascent, marking a 5% increase year-to-date and a 19% rise over 12 months, aligns unexpectedly with the performance of major American stock indexes, such as the S&P 500. Typically seen as a refuge during economic turmoil, gold's surge defies traditional patterns observed during past crises like the financial meltdown of the late 2000s and the COVID-19 pandemic. This anomaly suggests that investors may […]

  • Fed's Inflation Target Faces Heat from Liberals Seeking Economic Reform
    on March 11, 2024 at 4:22 pm

    The Federal Reserve's adherence to a 2% inflation target before considering interest rate cuts is increasingly becoming a point of contention among liberals, adding a layer of political pressure on Fed Chair Jerome Powell, especially during a critical election year. This target, though formalized in policy, has sparked debates among left-leaning circles, with some advocating for a higher inflation target and others suggesting the introduction of a labor market-focused target alongside it. The recent public hearings featuring Powell have seen several Democrats scrutinizing the rationale behind […]

  • Moderate Inflation Easing Keeps Fed's Interest Rate Cuts on Hold
    on March 11, 2024 at 4:08 pm

    The slow pace of inflation decline in the US last month, paired with a rebound in retail sales, suggests the Federal Reserve may maintain its current stance on interest rates without immediate cuts. The core consumer price index (CPI), which provides a clearer view of underlying inflation by excluding volatile items like food and fuel, is expected to have increased by 0.3% in February, following a 0.4% rise at the beginning of the year. This measured retreat in inflation and positive retail activity highlight the reasons behind the Fed's cautious approach to altering interest rates.

  • China's Appetite Paves the Way for Historic Price Rally
    on March 11, 2024 at 2:48 pm

    While speculations about the U.S. Federal Reserve easing monetary policies have ignited this week's gold market frenzy, the true groundwork for this unparalleled surge traces back to China's growing demand. After a period of stagnation, gold prices have shattered previous records, climbing to new highs each day since last Tuesday. Despite the absence of major geopolitical or economic events typically driving such spikes, the gold rally has puzzled many. Analysts point towards a variety of potential catalysts, including significant interest from investment funds and the influence of […]

  • From Luxuries to Groceries: The Evolving Landscape of Buy Now, Pay Later
    on March 11, 2024 at 1:32 pm

    The trend of "buy now, pay later" (BNPL) has shifted from a niche financing option for big-ticket items to a commonplace method for managing daily expenses among younger consumers. Originally popular for splurges like concert tickets or vacations, it's increasingly being used by Gen Z and millennials for routine purchases such as groceries, contact lenses, and household essentials. This shift is highlighted by the fact that individuals aged 35 and under make up over half of BNPL users, compared to their smaller representation among traditional credit card holders. The change in spending […]

  • Silver: "It's Time To BUCKLE UP"
    on March 11, 2024 at 1:16 pm

    Mike Maloney discusses the current state of the silver market and why it’s time to buckle up for what could be one of the most significant crashes in history.

  • Central Banks Hedge Against the Dollar, Turning to Gold in a Strategic Shift
    on March 8, 2024 at 9:35 pm

    Central banks around the world are ramping up their gold reserves, a move aimed at reducing their reliance on the US dollar amidst growing concerns over America's continuing fiscal deficits and the threat of inflation. This trend occurs even as the dollar remains stable and real yields rise, with gold prices reaching their highest levels in five decades against most major currencies. Notably, this surge in gold's value is attributed primarily to the purchasing activities of central banks rather than to ETF investments or seasonal demand. Countries like China, Germany, and Turkey have […]

  • INCREMENTUM: Monthly Gold Compass
    on March 8, 2024 at 7:58 pm

    Incremenum shares the company's monthly gold compass report.

  • The Commodities Feed: China Buys More Gold in February
    on March 8, 2024 at 7:35 pm

    China’s central bank added gold to its reserves for a sixteenth straight month in February as reserve diversification and geopolitical concerns push central banks to increase their allocation towards safe assets. We believe this is likely to continue this year...

  • ZeroHedge: Physical Silver Buyers Gatecrash COMEX Vaults
    on March 8, 2024 at 6:56 pm

    ZeroHedge - In this week’s episode of Live from the Vault, Andrew Maguire brings an in-depth analysis of the recent price movements in both gold and silver, before diving deep into the increasingly depolarised silver market to expose its vulnerabilities. The London whistleblower takes listeners through the current bullish setup backed by a thorough analysis that highlights silver’s undervaluation and pervasive manipulation, before closing with an update on the BRICS currency.

  • Currency Made of Actual Gold Hoping to Reach Nevadan’s Wallets
    on March 8, 2024 at 6:52 pm

    The company Goldback is pioneering a novel approach to currency by introducing gold-made money intended for everyday transactions, such as grocery shopping or dining out. This innovative form of local, voluntary currency aims to integrate gold into daily commerce, enabling businesses that opt-in to accept gold as a valid form of payment. Each Goldback note represents 1/1000th of an ounce of gold, providing a tangible entry point into the precious metals market for those previously unfamiliar with gold investment. Although not recognized as official U.S. tender, in states like Nevada where […]

  • Gold Hits New Heights, Eyes $2,200 Milestone Amid Rate Cut Speculation
    on March 8, 2024 at 6:49 pm

    Gold's price surged to a new record high, reaching up to $2,185.50 an ounce, driven by optimism following a pivotal US jobs report. This report has increased expectations that the Federal Reserve might soon lower interest rates, propelling gold's price upward for the eighth consecutive day. This rally, sparked by anticipated rate cuts, central bank acquisitions, and a resurgence in investor interest, has surprised many experienced market analysts due to its rapid and seemingly unprovoked nature, aside from the traditional factors that typically bolster gold's appeal.

  • Gold: "It's Off To The Races From Here"
    on March 8, 2024 at 4:01 pm

    In this riveting video, Mike Maloney delves into the exciting world of precious metals, particularly gold and silver.

  • U.S. Labor Market Beats Expectations with 275,000 New Jobs
    on March 8, 2024 at 3:23 pm

    February added 275,000 jobs in the U.S., surpassing economists' expectations set at 198,000. However, the unemployment rate ticked up to 3.9%, reflecting a complex labor market situation. Moreover, the excitement is tempered by revisions to the previous months' data, indicating that employment growth was not as strong as initially thought. This juxtaposition of strong job growth against a rising unemployment rate and adjusted past figures paints a nuanced picture of the current economic landscape, suggesting both resilience and underlying challenges in the labor market.

  • ING: What’s Next for Gold?
    on March 8, 2024 at 2:34 pm

    Gold surged to an all-time high this week, boosted by expectations for US rate cuts, geopolitical tensions, and China’s economic woes. How much further can it go?

  • Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says
    on March 7, 2024 at 9:48 pm

    Federal Reserve Chair Jerome Powell indicated that the Fed is nearing the point of being confident enough to begin reducing interest rates. Speaking to the Senate Banking Committee, Powell highlighted that the central bank's main condition for this shift is gaining assurance that inflation will stabilize around the 2% target. According to Powell, once the Fed attains this level of confidence, which he suggests is not far off, it will consider it appropriate to start easing the current restrictive monetary policy. This statement offers a glimpse into the Fed's strategic outlook on managing […]

  • Policy Win for Big Banks: Regulatory Relief on Loss Buffers Ahead
    on March 7, 2024 at 9:44 pm

    Big banks in the U.S. have successfully lobbied for a change to a contentious regulation that mandated them to maintain larger financial reserves as a safeguard against potential future losses. This week, Federal Reserve Chair Jay Powell and FDIC Chair Martin Gruenberg announced their expectation to amend this rule, following extensive pressure not just from the banking sector, but also from community groups, Republican and Democratic lawmakers alike. The move signifies a significant policy shift influenced by a broad coalition of stakeholders, highlighting the power of financial institutions […]

  • February Layoffs Hit Record High Since 2009, Tech and Finance Sectors Lead the Pack
    on March 7, 2024 at 8:58 pm

    Layoff announcements in February soared to their highest level for the month since the 2009 global financial crisis, as reported by Challenger, Gray & Christmas. The month witnessed 84,638 planned layoffs, marking a 3% increase from January and a 9% rise from February of the previous year. The technology and finance sectors were particularly hit hard. This spike in layoffs represents the most challenging February since 2009, during which 186,350 layoffs were announced as the financial crisis was nearing its end. Interestingly, the financial markets found their footing in March 2009, […]

  • China's Relentless Gold Buying Streak Fuels Record Price Surge
    on March 7, 2024 at 8:48 pm

    For the 16th consecutive month, China's central bank, the People's Bank of China, has continued to increase its gold reserves, adding approximately 390,000 troy ounces in February. This persistent acquisition spree has played a significant role in propelling gold prices to unprecedented heights. As of the latest data, China's total gold reserves now amount to roughly 72.58 million troy ounces, or about 2,257 tons, underscoring the nation's strategic move to bolster its financial stability and diversify its asset base amidst global economic fluctuations.

  • Gold Has Surged To New All-Time Highs
    on March 7, 2024 at 8:08 pm

    This week, gold rose as high as $2,161/oz, surpassing the significant $2,100 milestone and marking a historic moment for gold investors.

  • Gold's Record-Breaking Rally: Beyond Economic Indicators
    on March 7, 2024 at 4:38 pm

    As gold prices soared to unprecedented heights for the fifth consecutive day, reaching as high as $2,153 per troy ounce, it's clear that the rally is driven by more than just the current U.S. economic climate and anticipation of Federal Reserve policy shifts. While traders' expectations of imminent interest rate cuts by the Fed play a significant role—contributing to lower Treasury yields and a weaker dollar, thus making gold, a non-yielding asset, more appealing—the narrative surrounding gold's ascent isn't entirely straightforward. This complex interplay of factors underlines the […]

  • New Billboard in Times Square Sounds Alarm on $34 Trillion National Debt Crisis
    on March 7, 2024 at 4:20 pm

    In the heart of New York City's Times Square, a towering 50-foot billboard has been unveiled by the Committee to Unleash Prosperity (CTUP), striking a chord of caution among Americans with its stark warning about the nation's burgeoning $34 trillion debt. This three-month-long ad campaign is designed to visually encapsulate the perilous journey of the American economy under the weight of what the nonprofit describes as Washington D.C.'s reckless fiscal policies.

  • Powell Signals Potential Rate Cuts Pending Inflation Control
    on March 7, 2024 at 4:02 pm

    Federal Reserve Chair Jerome Powell stated on Wednesday that while the Fed anticipates reducing its key interest rate within the year, it seeks further proof of inflation steadily reverting to its 2% goal before taking action. His remarks to a House committee were consistent with his previous comments at a January 31 news conference. Nevertheless, subsequent reports have indicated a rise in inflation from December to January, alongside a boost in employment, signaling that the economy continues to be robust. Despite the recent inflationary uptick, Powell remained unperturbed, highlighting […]

  • Gold Hits Record High: What's Next for the Bullion Market?
    on March 7, 2024 at 3:25 pm

    Gold's rise to a record high this week has left some analysts scratching their heads, wondering how much higher it can possibly climb. The unexpected 5% spike in gold prices over the last four trading days, culminating in surpassing the previous December peak, can be attributed to a cocktail of weak US economic data and banking sector anxieties. This surge, especially without clear signals of an impending shift in the Federal Reserve's interest rate policies, has been surprising. Moreover, the current global climate, rife with geopolitical tensions, along with gold's resilient performance in […]

  • Major Win for Consumers: Credit Card Late Fees Reduced by CFPB Ruling
    on March 6, 2024 at 9:00 pm

    Under new regulations introduced by the Joe Biden administration, millions of Americans will see a reduction in credit card fees. The White House announced that the Consumer Financial Protection Bureau (CFPB) has completed a ruling that significantly lowers the standard credit card late fee from an average of $32 down to $8. This move aims to alleviate the financial burden on consumers and marks a substantial shift in credit card fee policies.

  • New York Community Bancorp Stock Halted After Big Plunge
    on March 6, 2024 at 8:39 pm

    New York Community Bancorp dropped as much as 32% on a report that the beleaguered regional bank is trying to raise equity capital to restore confidence.

  • Gold's Unprecedented Surge in an Everything Rally
    on March 6, 2024 at 8:29 pm

    In the midst of a global "everything rally," where asset classes across the board—from U.S. to Japanese and German stocks, alongside bitcoin—are reaching record highs, gold's unprecedented climb stands out for several reasons. Despite the typical pattern of rising prices attracting speculative interest, gold ETF holdings have surprisingly declined even as its price surged, a phenomenon highlighted by Jim Bianco of Bianco Research. Contrary to expectations, gold's value has increased amidst a strengthening dollar and diminishing expectations for Federal Reserve interest rate cuts.

  • ADP Reports Slight Miss in Private Sector Job Growth for February
    on March 6, 2024 at 4:47 pm

    In February, private sector employment experienced a modest uptick with 140,000 new jobs added, slightly under the anticipated 150,000, according to ADP. This growth represents an improvement from January's revised figure of 111,000. The leisure and hospitality sector was the leading contributor, adding 41,000 jobs, followed by construction with 28,000, and trade, transportation, and utilities with 24,000. This report serves as a precursor to the more comprehensive nonfarm payroll figures from the Labor Department, expected to be released on Friday.

  • Fed Chair Powell Stresses Patience on Rate Cuts Amid Inflation Battle
    on March 6, 2024 at 4:27 pm

    Federal Reserve Chair Jerome Powell emphasized to lawmakers that the Fed is cautious about reducing interest rates prematurely, insisting on solid evidence of inflation control before making any moves. In his testimony, Powell suggested that while it might be suitable to decrease borrowing costs at some point this year, the Federal Reserve is not prepared to do so immediately. This stance aligns with recent sentiments from various Fed officials who highlight the current strength of the economy and labor market as reasons to wait for clearer signs of inflation returning to target levels before […]

  • Gold Price Hovers at Record Peaks: Eyes Set on Fed's Powell for Rate Cut Hints
    on March 6, 2024 at 2:58 pm

    Gold prices edged higher on Wednesday, lingering near the record highs set in the previous session, with investors eagerly awaiting Federal Reserve Chair Jerome Powell's upcoming testimony for indications of a possible interest rate cut in June. Spot gold rose by 0.3% to $2,132.80 per ounce by midday, just shy of its historic peak of $2,141.59 reached the day before. Similarly, U.S. gold futures remained stable at $2,141.60. The precious metal's climb to new heights isn't just in dollars; it has also reached record levels in other major currencies, reflecting its global appeal as a safe haven […]

  • Commercial Real Estate Concerns Lead to Higher Borrowing Costs for Banks
    on March 5, 2024 at 9:42 pm

    Bond investors are increasingly wary of banks heavily involved in commercial real estate, leading to wider spreads on these banks' bonds as concerns grow over the impact of property debt on the financial system. Barclays Plc analysts, led by Dominique Toublan, have observed that banks with significant commercial property investments face higher costs of borrowing due to these widened spreads. This trend is notable even as there's a general rush towards financial industry bonds for their higher yields. Toublan points out that commercial real estate concerns are a major factor affecting bond […]

  • UAE Aims for Gold Standard in Online Trading Transparency
    on March 5, 2024 at 8:02 pm

    The United Arab Emirates is advancing efforts to enhance transparency and ethical practices in gold transactions, especially those conducted through online platforms. This initiative, led by the World Gold Council (WGC), aims to empower consumers with the knowledge needed to make informed purchases and to ensure the credibility of selling entities.

  • Silver Surges: Anticipation of Rate Cuts Sparks 4% Price Jump in a Week
    on March 5, 2024 at 7:49 pm

    Silver prices experienced a notable surge of over 4% in a single week, fueled by speculations of an impending U.S. interest rate cut. This anticipation was stirred by a downturn in U.S. manufacturing activity and a dip in consumer confidence, suggesting softer economic conditions that might prompt the Federal Reserve to adjust its monetary policy.

  • Why Britain Is Still Paying the Price for Gordon Brown’s Gold Bullion Blunder
    on March 5, 2024 at 7:37 pm

    It has been considered one of the worst financial blunders the Government ever made... Telegraph Money reveals what went wrong 25 years ago – and outlines the repercussions.

  • Central Banks Kick Off 2024 with Significant Gold Purchases
    on March 5, 2024 at 7:26 pm

    In January 2024, central banks significantly bolstered their gold reserves, adding 39 tonnes to the global tally, with Turkey and China leading the acquisitions. This marked a robust start to the year, continuing a trend from 2023, which, although slightly below the record-setting pace of 2022, remained impressively strong. Such purchases have become a crucial factor in supporting the gold market. This ongoing interest from central banks is driven by persistent and, in some cases, intensifying factors that are expected to maintain or even increase their demand for gold throughout 2024.

  • Oil Prices Waver Amid Economic Uncertainty and Interest Rate Speculation
    on March 5, 2024 at 7:04 pm

    Oil prices experienced volatility, finding some stability through technical support despite a general trend of risk aversion in broader financial markets. West Texas Intermediate (WTI) oil saw a minor decline of 0.4%, dropping below $79 per barrel amidst market fluctuations influenced by mixed economic signals and anticipation of Federal Reserve Chair Jerome Powell's congressional testimony. The crude oil market found a semblance of support around its 200-day moving average, which acted as a barrier against further drops.

  • Citi Analysts See Gold's Highs Continuing
    on March 5, 2024 at 5:34 pm

    Gold prices have hit new highs, with futures hitting new records and analysts optimistic about the precious metal's trajectory. Even as spot gold trades higher, analysts from Citi highlight that, adjusted for inflation, gold's current prices are still below historic highs. Nevertheless, Citi analysts maintain a positive outlook, suggesting a 25% chance gold could average around $2,300 per ounce in the latter half of the year, with a more conservative estimate at $2,150. They also entertain a possibility of gold hitting an extraordinary $3,000 per ounce in the next 12 to 16 months.

  • Record-Breaking Rally: Gold Prices Soar on Economic Easing and Safe-Haven Demand
    on March 5, 2024 at 5:26 pm

    Gold soared to an all-time high on Tuesday, driven by anticipation of relaxed U.S. monetary policies and ongoing global tensions. This surge is supported by a robust foundation: heightened physical demand in Asia, consistent central bank acquisitions, and gold's enduring appeal as a safe haven. Central banks have consistently added to their gold reserves for eight consecutive months, underlining the metal's attractiveness. The price of spot gold climbed 0.8%, reaching $2,130.79 per ounce and briefly peaking at $2,141.59, signaling strong momentum that may continue to lift gold's value.

  • True Inflation May Have Peaked in Late 2022
    on March 5, 2024 at 3:28 pm

    Despite the U.S. stock market reaching all-time highs, the average American remains pessimistic, a situation that is seen as unhealthy for both the stock market and the economy. Critics argue that consumer pessimism is unwarranted, given the near 50-year low unemployment rates and significantly reduced inflation compared to two years ago. However, a new study challenges this view by suggesting that if inflation were accurately measured, it would reveal the extent of the financial strain on consumers. This study supports the notion if the CPI fully reflected higher borrowing costs, it would […]

  • Gas Prices Could Soar Past Last Year's Rates Amid Refining Woes
    on March 5, 2024 at 2:44 pm

    Gasoline prices in the U.S. are undergoing significant increases due to recent constraints on refinery operations and rising oil prices. As of Monday, the national average price for a gallon of gas was $3.35, marking a $0.09 increase from the previous week, yet it remains $0.05 cheaper than this time last year, according to AAA. The challenges facing U.S. refineries include severe weather conditions and power outages at critical facilities. Tom Kloza, the global head of energy analysis at OPIS, informed Yahoo Finance that these disruptions could soon push retail gas prices above those […]

  • New Highs For Gold & Bitcoin: Monthly Wrap with Alan Hibbard
    on March 5, 2024 at 2:41 pm

    From precious metals to the stock market, Alan breaks down the key events shaping your financial future.

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