• The Free World: An Alarming Status Report
    by Tyler Durden on May 28, 2024 at 9:00 am

    The Free World: An Alarming Status Report Authored by Majod Rafizadeh via The Gatestone Institute, In the last few years, we have witnessed a world that has become significantly less safe and secure. American and Western policy failures and strategic missteps appear to have emboldened adversaries and undermined allies. A lack of decisive action and coherent strategy has created power vacuums which have been exploited by hostile actors and resulted in increased instability and threats in the West to both national and global security. It seems urgent for the long-term survival […]

  • These Countries Have The Highest GDP Per Capita In Africa
    by Tyler Durden on May 28, 2024 at 8:15 am

    These Countries Have The Highest GDP Per Capita In Africa With a GDP per capita of $21,580 in 2023, the Seychelles is Africa's most prosperous nation, based on this indicator. Highly dependent on tourism, Statista's Anna Fleck notes that the archipelago's economy remains highly vulnerable to global disruptions affecting the sector, as was the case during the 2008-2009 recession and the Covid pandemic (when GDP fell by almost 8 percent in 2009 and 2020). You will find more infographics at Statista In second and third place are Mauritius and Gabon, with a GDP per capita of […]

  • Conscription Is Coming Back To Europe
    by Tyler Durden on May 28, 2024 at 7:30 am

    Conscription Is Coming Back To Europe Authored by Dénes Albert via ReMix News, While several countries are reintroducing compulsory military service, some EU politicians would welcome a uniform reintroduction across the EU. Hungarian news portal Divány has rounded up the countries that have reintroduced conscription. Professional armies are understaffed across the continent, as more and more European countries are recognizing. In recent weeks, not only EU leaders but also the leadership of the German Christian Democratic Party has brought up the idea of reintroducing […]

  • Zelensky Signs $1BN Weapons Deal With Spain, Includes Patriot Missiles
    by Tyler Durden on May 28, 2024 at 6:45 am

    Zelensky Signs $1BN Weapons Deal With Spain, Includes Patriot Missiles Ukraine and Spain have inked a new military deal worth 1 billion euros ($1.08 billion), which will see the Spanish military transfer more military equipment to Kiev over the course of this year. The commitment calls for greater supplies of modern military equipment which prioritizes "Ukraine's key capacity needs" - especially safeguarding the country's export routes. El Pais newspaper listed that Spain has just pledged as part of the package a dozen U.S.-made Patriot anti-aircraft missiles and 19 second-hand […]

  • The Collective Shrug Over Fico Assassination Attempt Exposes The Drive For War
    by Tyler Durden on May 28, 2024 at 6:00 am

    The Collective Shrug Over Fico Assassination Attempt Exposes The Drive For War Authored by Craig Murray The collective shrug with which the Western media and political class noted the attempted assassination of Slovakian Prime Minister Robert Fico has been telling. Can you imagine the outrage and emotion that would have been expressed by Western powers if not Fico but a pro-Ukraine, anti-Russian leader within the EU had been attacked? The new orders for weapons that would have been presented to the arms manufacturers, the troops that would have been deployed, the sabers that […]

  • A Final Indignity To The Arsenal Of Democracy?
    by Tyler Durden on May 28, 2024 at 3:00 am

    A Final Indignity To The Arsenal Of Democracy? Authored by Thaddeus McCotter via American Greatness, It is Memorial Day weekend. A time for us to commemorate and reflect upon the ultimate sacrifices given by our fallen citizen-soldiers and the enduring grief of their families and loved ones, which were and are selflessly borne in the defense of their fellow Americans and our free republic. This spirit of self-sacrifice is rarely evidenced by far too many of the elected officials who will publicly eulogize these same fallen patriots and extend condolences to their families and […]

  • Israeli & Egyptian Troops Clash At Rafah Border, Leaving One Dead
    by Tyler Durden on May 28, 2024 at 2:20 am

    Israeli & Egyptian Troops Clash At Rafah Border, Leaving One Dead In a significant escalation, an Egyptian soldier has been shot dead at the Rafah border crossing after a rare exchange of gunfire erupted between the two sides. Israel's Channel 14 described that Egyptian security forces "fired on an Israeli truck at the Rafah crossing" and that immediately soldiers of the Israel Defense Forces (IDF) "responded to this with gunfire." Rafah border crossing, Israeli Army/AFP Quickly after, officials on both sides of the border agreed to cease firing, and the incident is under […]

  • Fear Trump... Or Bust?
    by Tyler Durden on May 28, 2024 at 1:40 am

    Fear Trump... Or Bust? Authored by Victor Davis Hanson via American Greatness, As Trump continues to show leads in critical swing states, as various lawfare-inspired cases against him seem to the public to be more persecutions than prosecutions, and as Joe Biden appears daily more incoherent and lost, the left on spec has resorted to warning the nation about all the supposedly catastrophic consequences of a future Trump presidency... Ironically, the left seems oblivious to the reality that one reason Trump leads Biden in the polls is precisely because voters can compare the […]

  • United Airlines Plane Catches Fire At Chicago’s O'Hare Airport
    by Tyler Durden on May 28, 2024 at 1:34 am

    United Airlines Plane Catches Fire At Chicago’s O'Hare Airport By Tom Ozimek of The Epoch Times An engine caught fire on a United Airlines flight at Chicago’s O'Hare International Airport on May 27, causing the pilots to abort takeoff. United Airlines flight 2091 from Chicago to Seattle experienced an engine fire at around 2 p.m. local time at O'Hare airport shortly before takeoff, a spokesperson for the Federal Aviation Administration (FAA) told The Epoch Times in an emailed statement. The incident led the FAA to temporarily suspend arrivals to the airport, with normal […]

  • Memorial Day 2050: How Will Future Americans Look Back On This Moment?
    by Tyler Durden on May 28, 2024 at 1:00 am

    Memorial Day 2050: How Will Future Americans Look Back On This Moment? Memorial Day 2024... honoring the men and women who bravely fought and died while serving in the US military. Across the country, many Americans will visit cemeteries and hold memorials for the fallen, and participate in patriotic parades.  Years down the road, or even by the middle of this century, will future historians and populations look back on this moment with a sense of regret, loathing, and disgust?  Will future generations of Americans one day be honoring the fallen of a World War 3 nuclear-armed […]

  • We Are Entering A New Phase In The War In Ukraine
    by Tyler Durden on May 28, 2024 at 12:20 am

    We Are Entering A New Phase In The War In Ukraine By Peter Tchir of Academy Securities Today we will just highlight a few things: Thanks to all my colleagues and everyone who has served, and I want to spend an extra moment to honor those who made the ultimate sacrifice. If you missed this month’s Around the World, it is an important read as it outlines Academy’s take on: Israel commencing operations in Rafah. Russian forces advancing on Kharkiv. Xi meets with Putin in China. U.S. force reduction in the Sahel. While we cover the Xi and Putin meeting in the Around […]

  • Absurd: Radical Leftist Rashida Tlaib Speaks At Conference Connected With Terrorist Group 
    by Tyler Durden on May 27, 2024 at 11:40 pm

    Absurd: Radical Leftist Rashida Tlaib Speaks At Conference Connected With Terrorist Group  Rashida Tlaib, a Congresswoman from Detroit and a member of the Democratic Socialists of America, spoke over the weekend at the "People's Conference for Palestine," linked to the Popular Front for the Liberation of Palestine (PFLP). This group, an Arab nationalist movement with Marxist-Leninist ideology, is designated as a Foreign Terrorist Organization by the US. It has public-facing arms, such as Samidoun, working on behalf of the group, and active cells in many countries in Europe […]

  • The Tomb Of The Unknown Soldier & Our Societal Detachment From War
    by Tyler Durden on May 27, 2024 at 11:00 pm

    The Tomb Of The Unknown Soldier & Our Societal Detachment From War Authored by John Weeks via The Libertarian Institute, Modern nation states have developed an impressive symbolic innovation to memorialize their war dead, the tomb of the unknown soldier: “No more arresting emblems of the modern culture of nationalism exist than cenotaphs and tombs of Unknown Soldiers. The public ceremonial reverence accorded these monuments precisely because they are either deliberately empty or no one knows who lies inside them, has no true precedents in earlier times…The ancient […]

  • "Global Trade War Looms, But It's Not Just Trade War To Fear"
    by Tyler Durden on May 27, 2024 at 10:20 pm

    "Global Trade War Looms, But It's Not Just Trade War To Fear" By Michael Every of Rabobank History, Humility, and Wishful Thinking The UK election and the “I will protect you, but forgot my umbrella” Tory campaign have both been shaken up by its pledge to bring back conscription for 18-year-olds. This is seen as a desperate gamble and sad joke by many commentators, and even ex-military leaders say it’s silly to enroll unskilled, unwilling young adults when the armed forces need more equipment of all sorts, which the recent 2.5% of GDP defense spending pledge falls very […]

  • Trust The "Science"...That Just Retracted 11,000 "Peer Reviewed" Papers
    by Tyler Durden on May 27, 2024 at 9:45 pm

    Trust The "Science"...That Just Retracted 11,000 "Peer Reviewed" Papers It's yet another reminder of why blindly 'trusting the science' may not always be the best go-to move in the future. 217 year old Wiley science publisher has reportedly "peer reviewed" more than 11,000 papers that were determined to be fake without ever noticing. The papers were referred to as "naked gobbledygook sandwiches",  Australian blogger Jo Nova wrote on her blog last week.  "It’s not just a scam, it’s an industry," she said. "Who knew, academic journals were a $30 billion dollar industry?" […]

  • Friday Airline Travel Sets Record For Passenger Screenings: TSA
    by Tyler Durden on May 27, 2024 at 9:40 pm

    Friday Airline Travel Sets Record For Passenger Screenings: TSA Authored by Naveen Athrappully via The Epoch Times, Friday set a new record for the most airline passengers screened by U.S. Transportation Security Administration (TSA) officials in a single day, according to the agency. “On Friday, May 24, 2,951,163 individuals were screened at checkpoints nationwide, surpassing the previous record on Nov. 26, 2023. We recommend arriving early,” the TSA said in a May 25 post on the social media platform X. On Nov. 26 last year, the TSA screened a slightly lower figure of […]

  • Boeing's Starliner Crewed ISS Mission Will Still Launch Despite Helium Leak
    by Tyler Durden on May 27, 2024 at 9:00 pm

    Boeing's Starliner Crewed ISS Mission Will Still Launch Despite Helium Leak After a nearly one-month delay, NASA and Boeing are moving forward with the CST-100 Starliner launch despite a helium leak. This crewed mission will mark the first time the spacecraft ferries astronauts to the International Space Station. On Friday, NASA and Boeing officials told reporters that a problematic valve was replaced after the scrubbed May 6 launch attempt. Shortly after, engineers found a "small" helium leak with Starliner.  NASA Associate Administrator Ken Bowersox said, […]

  • The Fed Vs. The Treasury: All Roads Lead To Inflation
    by Tyler Durden on May 27, 2024 at 8:20 pm

    The Fed Vs. The Treasury: All Roads Lead To Inflation Via SchiffGold.com, In the fight against inflation, is it the Fed or the Treasury that calls the shots? The answer is, it’s both. The Fed raises interest rates to make loans less attractive and bring inflation down, but The Treasury has its own set of magic tricks to artificially “stimulate” or “tighten” the economy as well. One of them is a Treasury buyback program, something that was just reincarnated for the first time in about two decades. This is where the Treasury repurchases its own outstanding […]

  • CEO Of Russia's Second-Largest Bank Warns: "US Is Inevitably Headed For A Serious Economic Crisis"
    by Tyler Durden on May 27, 2024 at 7:40 pm

    CEO Of Russia's Second-Largest Bank Warns: "US Is Inevitably Headed For A Serious Economic Crisis" Last September, we told readers that the US national debt was skyrocketing at a staggering $1 trillion every three months—roughly every 100 days. Total US Debt surpasses $33 trillion for the first time. For those keeping tabs, the US added $1 trillion in debt in three (3) months. pic.twitter.com/9eJVnX1YnZ — zerohedge (@zerohedge) September 18, 2023 Since then, the debt spending has gotten worse.  And we're off: US debt rises by $89BN on the last day of February, to $34.471 […]

  • Saving Our Democracy This Memorial Day
    by Tyler Durden on May 27, 2024 at 7:00 pm

    Saving Our Democracy This Memorial Day Authored by James Howard Kunstler via Kunstler.com, “We must stop Donald Trump.” - President “Joe Biden” Surely it was the right thing to do for President “Joe Biden” to remind the nation of the tragic loss of George Floyd four years ago this Memorial Day weekend. At the time, the man known as “the Black Thomas Edison” was rumored to be this close to achieving an economically viable system for producing electricity via atomic fusion using the fentanyl molecule (C22H28N2O) combined with the nuclei of alcohol […]

  • "Holy F**K": US Military Hid Quantico Breach Attempt By Jordanians In Box Truck In Possible Dry-Run
    by Tyler Durden on May 27, 2024 at 6:20 pm

    "Holy F**K": US Military Hid Quantico Breach Attempt By Jordanians In Box Truck In Possible Dry-Run Weeks ago, two individuals in a box truck attempted to breach the gates at Quantico Marine Corps Base in Triangle, Virginia. Armed guards immediately stopped them, and the base's top brass quickly covered up the incident. The reason for burying this incident? It's an election year for President Biden - and this type of news is politically explosive. The suspects were two Jordanian nationals, one reportedly on the FBI's terrorist watch list, raising suspicions that they […]

  • David Stockman On The Continual Rise In The Cost Of Living... And Why The Fed Has No Shame
    by Tyler Durden on May 27, 2024 at 5:40 pm

    David Stockman On The Continual Rise In The Cost Of Living... And Why The Fed Has No Shame Authored by David Stockman via InternationalMan.com, Jay Powell did it again assuring the 1% that he has their back. Markets recovered their poise over the last 24 hours, as investors were relieved after Fed Chair Powell stuck to his recent views on the economic outlook. In his remarks yesterday, he said that recent data didn’t “materially change the overall picture” and that on inflation “it is too soon to say whether the recent readings represent more than just a bump.” In […]

  • Global Outrage After Deadly Israeli Strike On Refugee Tent Camp In Rafah
    by Tyler Durden on May 27, 2024 at 5:00 pm

    Global Outrage After Deadly Israeli Strike On Refugee Tent Camp In Rafah There have been widespread reports of a civilian massacre following a Sunday Israeli air strike on a camp for displaced Palestinians in the besieged southern city of Rafah, which the Gaza Health Ministry says killed 45 people, including women and children. Israel says it is investigating the strike, amid widespread international condemnation and as horrific videos of the attack aftermath circulate widely, with Israel’s top military prosecutor calling the attack "very grave". Major-General Yifat Tomer […]

  • Look At What Happens To The Price Of Gold When Stock Markets Collapse
    by King World News on May 27, 2024 at 4:46 pm

    Look at what happens to the price of gold when the stock markets collapse. The post Look At What Happens To The Price Of Gold When Stock Markets Collapse appeared first on King World News.

  • For Memorial Day, Imagine Speaking To Those We Once Honored, Like These...
    by Tyler Durden on May 27, 2024 at 4:20 pm

    For Memorial Day, Imagine Speaking To Those We Once Honored, Like These... Via Wirepoints.org, This Memorial Day, imagine speaking to them. Imagine briefing them on what has become of America, then asking, “Is this what you died for?” Imagine their reaction. Imagine, for example, speaking to the 16 dead Marines named on the memorial behind barriers at the former Marine training camp in Chicago, now housing illegal migrants. Imagine, for a start, explaining today’s crime on our streets, our politicized legal system, woke indoctrination in the military, government […]

  • NYC Mayor Adams Working With ICE To Circumvent 'Sanctuary City' Laws
    by Travis on May 27, 2024 at 3:40 pm

    NYC Mayor Adams Working With ICE To Circumvent 'Sanctuary City' Laws New York City Mayor Eric Adams' administration has been coordinating with US Immigration and Customs Enforcement (ICE) to circumvent the city's strict sanctuary city laws, which the agency says has hamstrung their efforts to perform their duties, the NY Post reports. Ken Genalo, the Brooklyn-born field director for the agency’s New York office, has for months been pushing back against city policies that bar local authorities from cooperating with his 360-person staff. After years of what he describes as […]

  • Greyerz – The Ultra-Wealthy Are Now Buying Gold
    by King World News on May 24, 2024 at 10:42 pm

    Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the ultra-wealthy are now buying physical gold. This is what happens in phase III of a bull market. The post Greyerz – The Ultra-Wealthy Are Now Buying Gold appeared first on King World News.

  • Macleod Says Silver Shorts Are Desperate And Trapped
    by King World News on May 24, 2024 at 10:38 pm

    Today Alasdair Macleod told King World News that the silver shorts, which have massive exposure, are now trapped and getting to a point of desperation. The post Macleod Says Silver Shorts Are Desperate And Trapped appeared first on King World News.

  • Stoeferle Reaffirms $4,821 Gold Price Target by 2030
    on May 24, 2024 at 3:53 pm

    Ronald Stoeferle, founder of the comprehensive gold market study "In Gold We Trust," reaffirms his long-term gold price target of $4,821 per ounce by the end of 2030. This forecast, introduced in 2020, anticipates an annualized return of just under 12%. Stoeferle's model, based on the gold coverage ratio, previously achieved higher returns in past decades.

  • Poll Reveals Disconnect Between Americans' Economic Perception and Reality
    on May 24, 2024 at 3:39 pm

    A recent Harris poll for The Guardian reveals that a majority of Americans believe the economy is in a recession, although it is not. The poll also shows misconceptions, with nearly half thinking the S&P 500 is down this year and unemployment is at a 50-year high. In reality, the economy is growing, the S&P 500 is up by about 11% in 2024, and unemployment is near historic lows, highlighting a significant disconnect between perception and reality.

  • House Republicans Push Bill to Restrict Federal Reserve's Digital Currency Plans
    on May 24, 2024 at 3:23 pm

    House Republicans are set to pass a bill preventing the Federal Reserve from implementing a central bank digital currency (CBDC) without congressional approval. Sponsored by House Majority Whip Tom Emmer, the CBDC Anti-Surveillance State Act aims to address privacy concerns. While likely to pass in the Republican-majority House with some bipartisan support, the bill faces challenges in the Democratic-controlled Senate and requires President Biden's approval to become law.

  • Walmart and Target Cut Prices Amid Persistent Inflation Concerns
    on May 24, 2024 at 3:16 pm

    Walmart and Target are reducing prices on thousands of items, offering some relief to consumers despite ongoing inflation. Walmart reported a 3.8% increase in first-quarter sales and announced price cuts on nearly 7,000 items, highlighting deflationary trends in general merchandise. Target also slashed prices on over 1,500 items, responding to the strain higher prices have placed on its middle-class customers, although it reported its fourth consecutive quarter of sales declines.

  • Flat Treasury Yields Reflect Investor Caution Amid Varied Economic Reports
    on May 24, 2024 at 3:09 pm

    U.S. Treasury yields remained mostly unchanged on Friday as investors evaluated recent economic data. The 10-year yield rose to 4.478% and the 2-year yield increased to 4.9375%. Despite the University of Michigan's consumer sentiment index for May beating estimates, it dropped to its lowest level since November 2023. April's durable goods orders exceeded expectations, and services and manufacturing sectors showed expansion according to the latest purchasing managers' index.

  • Fed's Mester Urges Acknowledgment of Economic Uncertainties
    on May 24, 2024 at 2:58 pm

    Cleveland Fed President Loretta Mester, nearing mandatory retirement, emphasized the importance of acknowledging uncertainties in economic forecasting and policy. Reflecting on nearly 40 years at the Federal Reserve, Mester noted that while transparency has increased, the Fed cannot predict future economic conditions with precision. She stressed that central bankers should adapt their policies as the economy evolves, especially in the unpredictable post-pandemic landscape.

  • Rising U.S. Gasoline Demand Stabilizes Oil Prices Despite Fed Rate Worries
    on May 24, 2024 at 2:39 pm

    Oil prices remained steady on Friday as rising U.S. gasoline demand balanced concerns over interest rate uncertainties following the Federal Reserve's recent comments. Brent crude futures were slightly up at $81.37 a barrel, while U.S. West Texas Intermediate crude futures edged down to $76.85. Both benchmarks had hit multi-month lows on Thursday. Investors are evaluating the Fed's stance on potential future rate hikes amid persistent inflation.

  • The War In The Gold & Silver Markets Continues To Rage
    by King World News on May 24, 2024 at 2:31 pm

    With gold and silver continuing to consolidate, take a look at what is happening behind the scenes. The post The War In The Gold & Silver Markets Continues To Rage appeared first on King World News.

  • Pierre Andurand Predicts Copper Prices to Quadruple Amid Green Energy Boom
    on May 24, 2024 at 2:18 pm

    Legendary oil trader Pierre Andurand predicts that copper prices will quadruple to $40,000 per ton over the next four years due to surging demand driven by the global energy transition. Andurand believes this demand will outstrip supply until the latter half of the 2020s. The renowned hedge fund manager, famous for his successful commodity market bets, made this prediction in an interview with the Financial Times.

  • Gold Prices Rise Despite Weekly Downtrend as Fed Minutes Signal Caution
    on May 24, 2024 at 2:13 pm

    Gold prices rose on Friday but are set for their first weekly decline in three weeks as expectations for U.S. interest rate cuts have diminished due to the Federal Reserve's recent hawkish stance. Spot gold increased by 0.4% to $2,338.57 per ounce, while U.S. gold futures went up 0.1% to $2,339.80. The dollar index also dropped, making gold cheaper for foreign buyers.

  • Gold Fever Is Sweeping China, Plus Another Inflation Wave Is About To Hit
    by King World News on May 23, 2024 at 10:13 pm

    Gold fever is sweeping China, plus another inflation wave is about to hit. The post Gold Fever Is Sweeping China, Plus Another Inflation Wave Is About To Hit appeared first on King World News.

  • Was I Wrong About $20,000 Gold & Who Wins?
    on May 23, 2024 at 9:12 pm

    Join Alan Hibbard in this thought-provoking video as he dives into the possibility of the US Treasury revaluing gold to $20,000 per ounce.

  • SNAP Benefits Shows 1 in 8 Americans are on Food Stamps
    on May 23, 2024 at 7:45 pm

    The recent deal to raise the federal debt limit includes additional work requirements for some SNAP (food stamp) recipients. Despite misconceptions, SNAP, a major federal welfare program, has been in place for nearly 60 years. In April 2023, 41.9 million people (12.5% of the U.S. population) in 22.2 million households received SNAP benefits. The program operates nationwide and in select U.S. territories, with an average of 41.2 million recipients monthly in the 2022 fiscal year. Since its establishment in 1964, the program's reach has significantly expanded.

  • US Treasuries Lose Edge Over Gold as Safe-Haven Investment
    on May 23, 2024 at 6:14 pm

    For decades, US Treasuries have outperformed gold as a safe investment. However, this trend is shifting due to growing debt concerns. While bonds have traditionally been favored for their steady income and backing by the US economy, recent years have seen declining returns, with the Bloomberg Treasury Total Return Index dropping 11% from its 2020 peak. In contrast, gold, valued as a scarce commodity and inflation hedge, has seen a 15% gain this year, challenging bonds' status as the ultimate haven.

  • $7.7 Billion in Student Debt Canceled for 160,500 Borrowers Under New Biden Plan
    on May 23, 2024 at 6:12 pm

    The Biden administration announced the cancellation of $7.7 billion in student debt for 160,500 borrowers, focusing on public servants and participants in the new SAVE repayment program. This effort is part of a broader initiative to provide relief after the Supreme Court blocked a previous loan forgiveness plan, bringing the total forgiven to $167 billion for 4.75 million people. This move aims to alleviate financial burdens amid rising concerns about the cost of college, with fewer Americans believing that a college education is worth the debt incurred.

  • Inflation Erodes Trust in Major Consumer Brands
    on May 23, 2024 at 6:05 pm

    Public dissatisfaction with inflation is impacting the reputation of major consumer brands like Walmart, McDonald's, and Amazon. Despite price increases slowing, their effects linger, causing declines in trust scores for various industries, including clothing, quick-service restaurants, and grocers, as reported by the Axios Harris Poll 100. The phenomena of sticker price hikes and "shrinkflation" have fueled political debate, but consumer buying habits remain largely unchanged, even as companies like Coca-Cola and PepsiCo pass on higher costs with minimal backlash.

  • Copper Prices Stabilize After Sharp Decline Amid Inflation Concerns
    on May 23, 2024 at 5:22 pm

    Copper prices stabilized after experiencing their biggest drop in nearly two years. The decline followed an all-time high of over $11,000 per ton, driven by profit-taking and reduced demand from Chinese factories unwilling to pay record prices. The drop was also influenced by hawkish comments from Federal Reserve officials regarding inflation. Despite this, China's commitment to increasing stimulus and tightening supplies may keep prices high in the short term.

  • BIG PICTURE: Silver And The Commodities Bull
    by King World News on May 23, 2024 at 4:06 pm

    During times of volatility it is always important to take a step back and focus on the big picture, and the big picture for gold, silver and commodities is extremely bullish. The post BIG PICTURE: Silver And The Commodities Bull appeared first on King World News.

  • Silver to $50? It Could Happen Sooner than You Think
    on May 23, 2024 at 4:01 pm

    Silver is up roughly 33% year to date, driven by factors like growing industrial demand and its emerging role as a hedge against inflation.

  • Baby Boomers' $76 Trillion Savings Shield US from Recession
    on May 23, 2024 at 3:41 pm

    According to market expert Ed Yardeni, one group has injected $76 trillion in savings into the economy and are primarily responsible for helping prevent a recession: Baby Boomers. Their increased spending on services like restaurants, travel, and healthcare is boosting payrolls and incomes, countering traditional recession indicators that focus on the goods economy. Yardeni argues that this generation's spending habits, particularly as they retire, are crucial in sustaining economic growth despite widespread recession fears.

  • Fed Officials Debate Future of Goods Price Declines Amid Inflation Fight
    on May 23, 2024 at 2:08 pm

    As the Federal Reserve approaches the end of its inflation-fighting efforts, a key question arises: will prices for goods continue to drop? Significant declines in prices for items like apparel and used cars helped reduce inflation faster than expected in late 2023, but the pace has slowed in early 2024, leading to higher inflation readings. Policymakers are divided on whether supply chains have fully recovered from pandemic and war disruptions. Fed Chair Jerome Powell is optimistic about further price reductions, while some colleagues remain doubtful.

  • US Jobless Claims Decline Again, Signaling Labor Market Strength
    on May 23, 2024 at 2:02 pm

    The number of Americans filing for unemployment benefits decreased last week, indicating a strong labor market that continues to bolster the economy. This marks the second consecutive weekly decline, reversing most of the earlier increase this month. Despite slower job growth due to past Federal Reserve rate hikes, layoffs remain low. Initial claims fell by 8,000 to 215,000, below the forecasted 220,000, with significant drops in California and Indiana. Economist Robert Frick noted that the feared increase in claims has not materialized, affirming the labor market's robustness.

  • Rising Economic Activity Challenges Central Bank Rate Cut Plans
    on May 23, 2024 at 1:57 pm

    Global business activity improved this month, especially in parts of Asia and Europe, which may delay central banks' plans to cut interest rates. Borrowing costs had been raised post-COVID to tackle inflation, and there's now speculation about when and how much they might be reduced. Politicians, facing upcoming elections in India, the US, and the UK, may welcome relief for indebted consumers. Despite previous slowdown fears, the global economy is expected to remain strong through 2025, with economists predicting persistent inflation that could influence future rate decisions.

  • Silver Breakout Confirmed
    on May 22, 2024 at 9:19 pm

    Join Mike Maloney in this in-depth analysis as he confirms a significant breakout in silver, with implications for traders and investors alike.

  • Look At What Is Happening With Silver And Canadian Juniors As Another Inflation Wave Is About To Hit
    by King World News on May 22, 2024 at 7:55 pm

    Look at what is happening with silver and Canadian junior exploration companies as another inflation wave is about to hit. The post Look At What Is Happening With Silver And Canadian Juniors As Another Inflation Wave Is About To Hit appeared first on King World News.

  • Insider Alert: Mike’s Made a Change to His Portfolio
    on May 22, 2024 at 6:22 pm

    Mike Maloney has just made a change to his portfolio, and has made plans for another to come soon. What is Mike doing?

  • Expect Gold & Silver Mania And Stock Market Crash
    by King World News on May 22, 2024 at 2:42 pm

    We are now clearly on the path to a gold and silver mania and a stock market crash. Take a look... The post Expect Gold & Silver Mania And Stock Market Crash appeared first on King World News.

  • Jeffrey Christian: No Significant Shift Away from the US Dollar
    on May 22, 2024 at 1:52 pm

    Commodities expert Jeffrey Christian dismissed the notion of de-dollarization as a "myth," asserting that there is no significant shift away from the US dollar despite increased rhetoric from countries like Russia and China. Christian emphasized that the fear of the dollar being displaced as the dominant global currency is unfounded, labeling the idea as a persistent but baseless concern.

  • Dollar Gains as Market Awaits Fed Minutes; Pound Steady on Inflation Data
    on May 22, 2024 at 1:47 pm

    The dollar strengthened on Wednesday as investors awaited the Federal Reserve's meeting minutes for clues on the future of interest rates, while the British pound stabilized following data showing a drop in UK inflation in April. Despite a milder U.S. inflation reading last week, Fed officials remain cautious, with Governor Christopher Waller and President Loretta Mester indicating a need for more consistent data before considering rate cuts. The upcoming Fed minutes are expected to shed light on the central bank's stance regarding inflation and potential rate adjustments.

  • Federal Reserve Adopts Scenario Analysis as Inflation Fight Wavers
    on May 22, 2024 at 1:43 pm

    Federal Reserve Chair Jerome Powell and other officials have shifted from providing explicit guidance on interest rate cuts to discussing various economic scenarios amid growing uncertainty in their effort to control inflation. This change highlights the Fed's current unpredictability and focuses on different potential economic outcomes rather than detailed projections. This "scenario analysis" approach is intended to address the complexity of the economic landscape and the Fed's adaptive response strategies.

  • Oil Prices Continue to Drop as US Crude Stockpiles Surge
    on May 22, 2024 at 1:24 pm

    Oil prices fell to near three-month lows as reports indicated rising US crude inventories, with Brent trading around $82 a barrel and West Texas Intermediate below $78. The American Petroleum Institute reported a 2.5 million barrel increase in stockpiles, contributing to market bearishness. The upcoming OPEC+ meeting will determine whether to extend supply curbs amid a contango market structure signaling increased supply. Despite geopolitical risks, such as recent drone strikes on Russian refineries, oil futures have weakened since mid-April.

  • Junk Bonds Surge Amid Broad Market Rally and Investor Optimism
    on May 22, 2024 at 1:18 pm

    Despite concerns about the U.S. economy, the junk-bond market is thriving, with the risk premium for sub-investment-grade debt narrowing to near pandemic lows. This trend, driven by cooling inflation and hopes for interest-rate cuts, has attracted $3.7 billion into junk-bond funds this year. Investors seeking high yields around 8% have fueled $131 billion in speculative-grade bond sales from companies like Block and Icahn Enterprises, significantly up from $71 billion last year.

  • Gold Consolidates After Record High Amid Rate Cut Speculations
    on May 22, 2024 at 1:14 pm

    Gold prices dipped by 0.3% to $2,413.96 per ounce on Wednesday as investors awaited the Federal Reserve's latest meeting minutes for clues on interest rate cuts. After reaching a record high earlier in the week, gold is consolidating its gains. The market remains strong with a buy-on-dip mentality, despite the potential for short-term stagnation without further support from the dollar. Recent economic data suggests a downtrend in inflation, but Fed policymakers are cautious about cutting rates until inflation targets are securely met.

  • Central Banks Fuel Gold's Ascent to Unprecedented Levels
    on May 22, 2024 at 1:11 pm

    Gold has surged to its highest level ever, surpassing $2,400 per troy ounce, driven by geopolitical uncertainties and significant purchases by global central banks, especially from emerging markets. Despite rising real interest rates, which typically dampen gold's appeal, central banks have bought around 2,200 tons since late 2022, accounting for over a fifth of global demand. This trend highlights gold's allure as a sanctions-proof asset amid geopolitical instability.

  • Take A Look At What Is Booming Right Now
    by King World News on May 21, 2024 at 10:28 pm

    Take a look at what is booming right now. The post Take A Look At What Is Booming Right Now appeared first on King World News.

  • SentimenTrader – Mining Stocks See More And More Blue Skies
    by King World News on May 21, 2024 at 6:48 pm

    Today one of the greats in the business said mining stocks are seeing more and more blue skies, and that could be a very good sign of what is to come. The post SentimenTrader – Mining Stocks See More And More Blue Skies appeared first on King World News.

  • Governor Waller Opens Conference on U.S. Dollar's Global Role
    on May 21, 2024 at 3:16 pm

    Governor Christopher J. Waller delivered welcoming remarks at the Third Conference on the International Roles of the U.S. Dollar, hosted by the Federal Reserve Board in Washington, D.C.

  • Economist Warns of Imminent Recession as 19 States Show Rising Unemployment
    on May 21, 2024 at 2:51 pm

    A recession appears imminent, with 19 states already showing signs of economic distress, warns economist Nancy Lazar. These states, which contribute 40% of the US GDP, have seen a 0.5 percentage point rise in unemployment over three months, historically a precursor to nationwide recessions. Lazar points to the delayed effects of Federal Reserve rate hikes and tightened credit as key factors, noting that such conditions typically lead to a hard economic landing.

  • Precious Metals Surge: Gold and Silver Hit Record Levels
    on May 21, 2024 at 2:35 pm

    Gold and silver prices continue to hover near record highs amid rising geopolitical tensions. Both gold and silver futures reached record levels last week and remain strong as global uncertainty persists. Yahoo Finance Senior Markets Reporter Jared Blikre discusses these movements and their implications for the commodity market.

  • Biden Administration Blames GOP for Blocking Inflation-Fighting Measures
    on May 21, 2024 at 2:25 pm

    The Biden administration released a memo outlining its efforts to combat inflation and blaming Republicans for hindering these actions. The memo emphasizes President Biden's focus on reducing costs and fighting corporate price gouging, despite inflation still being a concern. It highlights that while the economy and labor market are strong, Biden struggles to receive credit for economic progress, with former President Trump polling better on economic issues. The memo argues that inflation would worsen under Trump's policies, and it details steps taken to address price gouging by companies.

  • High Food Prices Push Americans into Debt for Essentials like Groceries
    on May 21, 2024 at 1:59 pm

    Amid ongoing high food prices, many Americans are accumulating debt to afford groceries. Elevated costs have led families to use savings, credit cards, buy now, pay later programs, or payday loans, as highlighted by new Urban Institute research. Although these methods provide immediate relief, they can cause financial instability. Kassandra Martinchek from the Urban Institute notes that while food price increases are slowing, households still face higher grocery bills than last year, leading them to rely on financial sources beyond their income to meet basic needs.

  • Gold's Disconnect from Dollar and Yields Raises Questions for Wealth Managers
    on May 21, 2024 at 1:56 pm

    The recent rally in gold prices has puzzled wealth managers due to its disconnect from the typically correlated US dollar and inflation-adjusted US Treasury yields. A significant factor behind this anomaly is the unprecedented rate at which central banks have been increasing their gold reserves since early 2022 to mitigate the risk of western sanctions. With gold trading at all-time highs, investors like Chris Forgan from Fidelity are questioning whether the current price levels are justified.

  • Oil Prices Slide as Fed Signals Longer High Rate Environment
    on May 21, 2024 at 1:44 pm

    Oil prices dropped by more than $1 on Tuesday as concerns over prolonged high U.S. interest rates, driven by persistent inflation, led to fears of weakened consumer and industrial demand. Brent crude fell to $82.17 a barrel, and U.S. West Texas Intermediate (WTI) slipped to $78.31 for June. The more active July contract also decreased. The decline follows statements from Federal Reserve officials indicating that more signs of slowing inflation are needed before considering rate cuts.

  • Fed Governor Waller Seeks Extended Inflation Improvement Before Cutting Rates
    on May 21, 2024 at 1:38 pm

    Federal Reserve Governor Christopher Waller stated that while recent data indicates inflation is easing and further interest rate hikes may not be needed, he requires several months of positive inflation data before supporting any rate cuts. Speaking at the Peterson Institute for International Economics, Waller noted the impact of higher rates on reducing demand and cooling the labor market, but remains cautious about reducing rates prematurely.

  • Target Slashes Prices on 5,000 Items to Woo Inflation-Wary Shoppers
    on May 21, 2024 at 1:20 pm

    Target is reducing prices on over 5,000 items, including household staples and name brands, to attract shoppers deterred by inflation. Starting immediately, cuts on more than 1,500 items are in effect, with more reductions throughout the summer, saving consumers millions. This move follows similar actions by other retailers like Ikea and Aldi, as inflation has caused consumers to cut back on spending over the past year.

  • Gold Prices Surge on Geopolitical Tensions, Then Dip After Fed Comments
    on May 20, 2024 at 6:20 pm

    Gold prices initially surged to an all-time high on Monday due to safe-haven demand amid increased geopolitical tensions following the death of Iran's president. However, comments from Fed Vice Chair Michael Barr, indicating that interest rates would need to remain high to combat inflation, caused gold to pare its gains, trading around $2,410. Barr's remarks also boosted the US dollar slightly.

  • Copper Surges to New Highs: Key Market Facts and Future Demand Drivers
    on May 20, 2024 at 6:09 pm

    Copper prices reached record highs on Monday due to a rally driven by short covering and speculative bets. Copper, primarily used in power, construction, and increasingly in green energy applications like electric vehicles and AI data centers, saw global consumption rise from 10 million metric tons in the late 1980s to 26.5 million tons in 2023. Asia, particularly China, is the largest consumer, with China alone using 14.7 million tons as of 2022.

  • When Could We See $50 Silver? Alan Hibbard on Schwab Network
    on May 20, 2024 at 4:41 pm

    In a recent appearance on Schwab TV, Alan Hibbard from GoldSilver.com shared valuable insights as to why gold and silver prices...

  • Fed's Barr: Disappointing Inflation Data Delays Rate Cuts
    on May 20, 2024 at 1:57 pm

    Fed Vice Chair Michael Barr expressed disappointment with the inflation data for early 2024, indicating that the central bank lacks sufficient evidence to ease monetary policy. He emphasized the need for more time under current restrictive policies to achieve the Fed's 2% inflation target. The Personal Consumption Expenditures price index, the Fed's preferred inflation measure, was 2.7% in March, with little change in recent months.

  • Gold Surges to New High Amid Rising Haven Demand
    on May 20, 2024 at 1:29 pm

    Gold surged to a record high of $2,450.07 an ounce, driven by rising expectations that the Federal Reserve will cut interest rates this year and by increasing geopolitical tensions in the Middle East. The recent decline in the US dollar and lower Treasury yields, following better-than-expected inflation data, also supported the precious metal's rise.

  • Silver Surges Past Gold, Ratio Suggests Further Gains to Come
    on May 17, 2024 at 2:01 pm

    Silver has taken the spotlight, soaring to $30 per ounce and outpacing gold's gains this year. While gold's record-setting rally grabbed headlines, silver's surge, driven by strong financial and industrial demand, has made it one of the top-performing commodities of 2024. The gold-to-silver ratio, which currently stands at about 80 ounces of silver to one ounce of gold, indicates that silver remains relatively undervalued compared to its precious metal counterpart. With industrial applications such as clean-energy technologies fueling demand, silver is expected to continue its upward […]

  • BREAKING: Silver Trades Above $30/oz First Time In Over a Decade
    on May 17, 2024 at 1:04 pm

    Silver prices have reached $30 per ounce, marking a significant milestone driven by strong industrial demand and favorable market conditions. This surge reflects investor confidence in the metal's future, bolstered by increasing applications in technology, renewable energy, and electronics. The rally is part of a broader trend in precious metals, silver is now up 5.6% this week.

  • China Unleashes Bold Measures to Rescue Property Market Crisis
    on May 17, 2024 at 12:53 pm

    In an aggressive move to revive its struggling property market, Beijing has unveiled a comprehensive rescue package, including the removal of mortgage rate floors and lowering down payments. The People's Bank of China will inject $42 billion to help government-backed firms purchase unsold homes, converting them into affordable housing. Despite this, analysts warn that the funds may fall short of what’s needed to fully address the housing glut. The market responded positively, with developer shares surging, but experts caution that a lasting recovery will require careful execution and […]

  • Investors Reap Rewards Across Markets as Dow Hits 40,000
    on May 17, 2024 at 12:50 pm

    Amid an ideal investing environment, the Dow Jones Industrial Average has surged past 40,000 for the first time, driven by resilient corporate profits, low unemployment, and easing inflation. Investors are striking gold with gains in diverse markets, including tech stocks, cryptocurrencies, and precious metals. Despite some concerns about government debt and market timing, optimism remains high, with strategists predicting continued growth fueled by advancements in AI and domestic investment. Even risk-averse investors find attractive options in high-yield bonds and CDs, adding to the […]

  • "AI-Fueled Equity Bubble" - Big Tech to Ignite Next Equity Market Surge
    on May 17, 2024 at 12:48 pm

    Amid improving economic indicators and anticipation of fewer Federal Reserve rate cuts, big tech companies, particularly those focused on AI, are expected to drive the next market surge. Nvidia, set to release earnings next week, is among the leaders in this trend. Capital Economics predicts that AI-driven optimism will propel tech stocks higher, despite recent cautious investor sentiment. The resilience of cyclical sectors and robust economic outlook further support the potential for an AI-fueled equity bubble, with big tech poised to regain and extend its dominance in the market.

  • China Pledges Response to Biden Administration’s Expanded Tariffs
    on May 17, 2024 at 12:47 pm

    China condemned the Biden administration's decision to increase tariffs on various Chinese imports and vowed to take unspecified retaliatory actions. The new tariffs, ranging from 25% to 100% on items like semiconductors and electric vehicles, follow a review of tariffs initially imposed by former President Trump.

  • China’s Gold Market Thrives in April with Record ETF Inflows
    on May 17, 2024 at 12:44 pm

    In April, China's gold market saw strong investment demand, with gold withdrawals from the Shanghai Gold Exchange rising to 131 tons. The Shanghai Gold Benchmark and LBMA Gold Price both increased, reflecting this momentum. Chinese gold ETFs experienced their largest-ever monthly inflow, and the People's Bank of China announced its 18th consecutive month of gold purchases, bringing total holdings to 2,264 tons, the highest ever.

  • Could Redditors Trigger the Silver Squeeze 2.0?
    on May 16, 2024 at 5:06 pm

    Could a new silver squeeze be under way, thanks to the retail traders on Reddit aiming to expose the alleged silver manipulation

  • Copper Short Squeeze Rocks Global Markets as US Prices Soar
    on May 16, 2024 at 4:07 pm

    A massive short squeeze in New York has sent copper prices skyrocketing, with the Comex premium over the London Metal Exchange price surging to over $1,200 per ton. This unprecedented price spread has wrong-footed major traders and hedge funds, sparking a frantic scramble for copper to fulfill expiring contracts. Despite no overall physical shortage, the squeeze highlights tight US copper supplies, exacerbated by solid demand and shipping issues. Analysts expect further market volatility as traders rush to move copper to the US, with some relief potentially coming in early June.

  • Precious Metals "Red Hot" Rally Set to Continue, Say Strategists
    on May 16, 2024 at 3:41 pm

    Gold, silver, and platinum prices have surged following softer-than-expected U.S. inflation data, which raises the prospect of Federal Reserve rate cuts. Gold reached a three-week high, silver hit its highest level in over three years, and platinum climbed to a near one-year peak. Saxo Bank strategists predict gold could soon test $2,400, silver may reach $30, and platinum has the potential to hit $1,130 per ounce. Despite some cautious forecasts, analysts from ROTH Capital Partners see gold potentially reaching $2,600 and silver climbing as high as $37.

  • US Dollar Dominates Amid Global Economic Shifts
    on May 16, 2024 at 3:37 pm

    The US dollar continues to flex its muscles in 2024, driven by strong economic data and fewer expected Fed rate cuts. Despite global growth improvements and rising oil prices, the dollar remains resilient, while the euro, pound, and yen face mixed prospects. Key factors include potential ECB rate cuts, BoE policy shifts, and the Fed's significant influence on USD/JPY dynamics.

  • Elite Hedge Fund's GameStop Bet Nets Millions Amid Meme Stock 400% Surge
    on May 16, 2024 at 3:33 pm

    Renaissance Technologies, an elite hedge fund, strategically acquired 1 million GameStop shares last quarter, reaping significant gains as the stock surged over 400% this week. Initially worth $13 million, the stake briefly soared to $65 million at Tuesday's high, driven by renewed interest from retail investors like Keith "Roaring Kitty" Gill. RenTech, known for its algorithmic trading, also made notable portfolio adjustments, increasing its AMC holdings and reducing stakes in Nvidia and Tesla, showcasing its dynamic investment strategy amidst market volatility.

  • China Dumps Record Amount of US Debt Amid Strategic Diversification
    on May 16, 2024 at 3:32 pm

    China sold a record $53.3 billion in US Treasury and agency bonds in Q1 2024, marking a significant shift away from American assets as trade tensions with the US escalate. Analysts interpret this move as a deliberate diversification strategy, with China increasing its gold reserves to 4.9%, the highest since 2015. This trend, coupled with rising geopolitical tensions and potential tariff hikes from both the Biden administration and former President Trump, underscores China's intent to reduce reliance on the US dollar amidst a volatile economic relationship.

  • Sticker Shock: Buying a Car in the US is More Expensive Than Ever
    on May 16, 2024 at 3:29 pm

    Despite improved production, car prices in the US remain sky-high due to lingering pandemic effects and soaring interest rates. The average new car price hit $48,759 in December 2023, driven by pent-up demand and high loan rates, with used car prices also elevated. While supply chain issues have eased, manufacturers have been slow to replenish inventories, keeping prices inflated. Relief may come as the Fed plans to cut interest rates in 2024, potentially easing the financial burden on car buyers.

  • "Russian and Chinese are brothers forever" - Putin and Xi Challenge Western Dominance
    on May 16, 2024 at 3:25 pm

    During his visit to Beijing to mark 75 years of diplomatic relations, Russian President Vladimir Putin emphasized a "brothers forever" bond with Chinese President Xi Jinping. Both leaders presented their relationship as a stabilizing force against Western hegemony, specifically targeting US-led alliances and sanctions. Xi urged a peaceful resolution to the Ukraine conflict and the Israeli-Palestinian crisis, condemning Cold War mentality and unilateral power politics. They praised their move to conduct 90% of trade in national currencies, reinforcing their commitment to a multipolar world […]

  • Silver's Surge: Catching Up to Gold with Strong Industrial Demand
    on May 16, 2024 at 3:13 pm

    Silver is finally catching up to gold, with a year-to-date gain of 17.6% as of April 2024, outpacing gold's 13.4%. This surge is driven by a significant supply deficit for the fourth consecutive year and robust industrial demand from sectors like photovoltaics, vehicle electrification, 5G technology, and AI applications. Despite market recalibration and interest rate expectations, WisdomTree forecasts silver to trade above $32/oz by Q1 2025, reflecting its leveraged relationship with gold and increasing industrial applications. The strong correlation between silver and gold, alongside growing […]

  • Bitcoin Rallies on Cooling Inflation, Eyes New Highs
    on May 16, 2024 at 2:21 pm

    Bitcoin surged 6% to $66,300, breaking its stagnation and crossing above the key 50-day moving average, spurred by optimism over cooling U.S. inflation that also lifted the S&P 500 and other stock indices to record highs. This bullish move, alongside potential macroeconomic shifts and inflows to new Bitcoin ETFs, fuels optimism for a return to Bitcoin's March highs. Other cryptocurrencies like Ether, Solana, and memecoins also saw significant gains, indicating a broader market uplift.

  • Silver Poised for Major Breakout: Key Levels to Watch
    on May 16, 2024 at 2:17 pm

    Silver has achieved its first significant upside breakout in three years, surpassing the $27 resistance. Now, all eyes are on the $30 barrier, which if overcome, could propel prices to $45-$55. Technical analysis indicates that silver is in the final stages of a 13-year "cup and handle" formation, setting the stage for a major advance. Investors are advised to monitor for a monthly close above $31, which would signal a robust bullish phase.

  • Ray Dalio Warns of Possible U.S. Civil War Amid Political Fracturing
    on May 16, 2024 at 2:12 pm

    The founder of Bridgewater Associates, the world's largest hedge fund, warns of a 35-40% chance of civil war in the U.S., foreseeing potential political fracturing as Americans might move to states aligning with their views, disregarding federal rules they oppose. Highlighting the 2024 elections as crucial for democracy and addressing existential risks like AI and climate change, Dalio suggests investors look to stable foreign markets and even jokingly considers Taylor Swift for president, emphasizing the need for unity and strong leadership.

  • Jobless Claims Drop, Indicating Steady Employment Despite Recent Surge
    on May 16, 2024 at 2:08 pm

    Jobless claims fell by 10,000 to 222,000 last week, suggesting layoffs remain low despite a recent spike tied to school spring breaks in New York. This drop reinforces the trend of minimal layoffs, reflecting a strong labor market that continues to support economic growth, with both the Dow Jones and S&P 500 rising in response.

  • Gold Soars Amid Geopolitical Tensions: A Safe-Haven Surge
    on May 16, 2024 at 2:07 pm

    In April 2024, the World Bank's precious metals price index climbed 9%, with gold reaching a nominal record of $2,331 per troy ounce. This rise is driven by strong demand from emerging markets and developing economies (EMDEs) amidst geopolitical uncertainties, with central banks in China, India, and Turkey leading the charge. While silver and platinum also saw price increases due to industrial demand and supply constraints, sluggish industrial activity in major economies poses a potential downside risk. Overall, gold is expected to maintain its upward trend, supported by robust central bank […]

  • Base Metal Prices Surge Amid Russian Ban and Supply Worries
    on May 16, 2024 at 2:00 pm

    Base metal prices, including copper and aluminum, are climbing due to the London Metal Exchange's ban on Russian metals and growing concerns over mine supply. Copper nears a two-year high at $10,395 per ton, driven by supply issues like the closure of the Cobre Panama mine and slower production growth. However, analysts caution that these disruptions alone don't fully explain the price surge, and potential risks, such as changes in U.S. dollar strength and Chinese demand, could impact the market.

  • Jamie Dimon's Inflation Alarm: High Rates and Economic Challenges Ahead
    on May 16, 2024 at 1:57 pm

    JPMorgan CEO Jamie Dimon warns that inflationary forces are poised to keep interest rates elevated longer than investors expect, citing pressures from green initiatives, military spending, and fiscal deficits. Despite stock market optimism from cooling inflation, Dimon cautions that persistent high rates and potential stagflation could stress real estate and leveraged companies, challenging the rosy outlook many currently hold.

  • Poorer Americans Bear the Brunt of High Interest Rates
    on May 16, 2024 at 1:56 pm

    High interest rates are disproportionately impacting low- and moderate-income families, causing more Americans to fall behind on credit card and auto loan payments. As borrowing costs rise, monthly interest expenses have soared, pushing financially strained families closer to the edge. Fed officials have indicated that they expect to keep interest rates at their current level, so these folks won't likely see any relief soon.

  • Dow Nears Historic 40,000 Milestone Amid Optimism
    on May 16, 2024 at 1:53 pm

    U.S. stocks opened higher with the Dow Jones Industrial Average approaching the 40,000 mark, driven by record highs from all major indices following a favorable inflation report. The positive sentiment is bolstered by expectations of potential interest-rate cuts from the Federal Reserve.

  • Powell Signals No Rate Hike Despite Persistent Inflation
    on May 16, 2024 at 1:52 pm

    Federal Reserve Chair Jerome Powell indicated that the central bank is unlikely to raise interest rates despite persistent inflation, expressing cautious optimism that price pressures will soon ease. Speaking in Amsterdam, Powell emphasized the preference for maintaining the current rate rather than increasing it, though he acknowledged that his confidence in inflation cooling has diminished.

  • What Is Driving Gold & Silver Prices?
    on May 16, 2024 at 1:07 pm

    Join Mike Maloney in this enlightening discussion on “What Is Driving Gold & Silver Prices?”

  • Treasury Yields Decline Following Lower-Than-Anticipated Inflation Report
    on May 15, 2024 at 5:14 pm

    U.S. Treasury yields fell on Wednesday after monthly consumer inflation data came in lower than expected. The yield on the 10-year Treasury dropped 10 basis points to 4.346%, while the 2-year Treasury yield decreased by nearly 9 basis points to 4.734%.

  • US Wholesale Inflation Hits Annual High, Signaling More Price Hikes Ahead
    on May 15, 2024 at 4:55 pm

    US wholesale inflation surged to its highest rate in a year in April, with the Producer Price Index (PPI) rising 2.2% year-over-year, surpassing March’s revised 1.8%. Monthly, prices increased by 0.5%, outpacing expectations. This trend suggests rising producer prices may soon impact consumer inflation, potentially keeping interest rates elevated for longer, as noted by Fed Chair Jerome Powell.

  • Rising Costs Push Nearly 9% of Credit Card Balances into Delinquency
    on May 15, 2024 at 4:41 pm

    An increasing number of Americans are struggling to keep up with credit card payments, with 8.9% of balances falling into delinquency over the past year, according to the Federal Reserve Bank of New York. Rising costs and high interest rates are putting pressure on consumers, especially those under 30 and in low-income neighborhoods. Nearly 20% of cardholders are "maxed out," using 90% or more of their credit limit, which significantly raises the risk of falling behind on bills.

  • Gold Hits Three-Week High as Cooling Inflation Fuels Fed Rate Cut Hopes
    on May 15, 2024 at 2:15 pm

    Gold prices reached a three-week high on Wednesday, driven by a weaker dollar and lower yields after the U.S. consumer price index rose less than expected in April, increasing the likelihood of Federal Reserve interest rate cuts. Spot gold rose 0.4% to $2,367.29 per ounce, and U.S. gold futures rose 0.6% to $2,372.70, as investors anticipated that cooling inflation could lead to rate cuts by September.

  • April CPI Report Shows Inflation Easing, But Consumer Prices Up 3.4% Year-Over-Year
    on May 15, 2024 at 1:43 pm

    The Consumer Price Index (CPI) report for April showed a 0.3% increase from March, indicating that inflation is easing slightly. However, consumer prices are still up 3.4% from a year ago, matching expectations. Core inflation, excluding food and energy, was 3.6%, the lowest since April 2021.

  • Copper Prices Surge as Short Squeeze Sparks US Metal Rush
    on May 15, 2024 at 1:38 pm

    A short squeeze in New York's copper market has driven futures prices to record highs, causing a scramble to ship metal to the US. This surge has resulted in a significant premium for July Comex futures over later months and other global exchanges, prompting traders, particularly in China, to redirect copper shipments to meet delivery requirements.

  • Jerome Powell Expects Prolonged Rate Hold as Inflation Eases Slowly
    on May 14, 2024 at 7:29 pm

    Federal Reserve Chair Jerome Powell stated that inflation is decreasing more slowly than anticipated, necessitating that interest rates remain steady for an extended period. Speaking in Amsterdam, Powell acknowledged the unexpected persistence of inflation and emphasized the need for patience with current restrictive policies, while ruling out further rate hikes.

  • Gold Reserves in 2024: Discover Which Countries Hold the Most
    on May 14, 2024 at 7:23 pm

    Gold remains a vital financial asset, especially during times of crisis, and is held by many central banks for its stability and liquidity. This article uses the latest data from GoldHub to reveal which 30 countries have the largest gold reserves as of the first quarter of 2024.

  • Central Banks Turn to Gold as Hedge Against U.S. Dollar Dominance
    on May 14, 2024 at 1:51 pm

    Amid geopolitical tensions and a reevaluation of economic partnerships, central banks are significantly increasing their gold purchases, viewing the metal as a stable, politically neutral asset. This trend, highlighted by IMF Deputy Managing Director Gita Gopinath, reflects a shift away from heavy reliance on the U.S. dollar due to its increasing use as a geopolitical tool. The World Gold Council reports that central banks have bought over 1,000 tons of gold annually in 2022 and 2023, making up a quarter of the total gold demand, underscoring gold's role as a hedge in a fragmenting global […]

  • ZeroHedge: Rothschild Family Ventures Into Bitcoin
    on May 14, 2024 at 1:33 pm

    In a notable shift within the investment landscape, the Rothschild family, traditionally associated with the origins of central banking, has entered the cryptocurrency market by purchasing a small stake in Bitcoin. This move came to light in recent SEC filings, which also revealed several major U.S. banks and asset managers disclosing investments in Bitcoin ETFs. Noteworthy banks like JPMorgan and Wells Fargo reported holdings, but the Rothschild investment, though modest at $3.6 million, stands out due to the family's historical financial influence.

  • China's Top Banks Launch $8.3 Billion Bond Sale to Boost Capital Reserves
    on May 14, 2024 at 1:22 pm

    Two of China’s largest state-owned banks, Industrial & Commercial Bank of China Ltd. and Bank of China Ltd., are initiating the sale of 60 billion yuan ($8.3 billion) in total loss-absorbing capacity (TLAC) bonds this week. This move is part of a broader strategy to bolster capital reserves and enhance their ability to support economic growth, in line with global banking requirements set for 2025. This issuance is also aligned with Beijing’s objectives to facilitate credit supply and reduce funding costs for businesses, even as it pressures the banks' already tight profit margins.

  • This Is the Greatest Manipulation of Gold In History
    on May 14, 2024 at 1:15 pm

    Discover shocking insights with Mike Maloney as he delves into what he claims is the greatest gold manipulation in history.

  • Copper Takes Center Stage in High-Stakes Global Commodities Battle
    on May 14, 2024 at 1:14 pm

    The global demand for copper has intensified recently, evidenced by significant moves in the industry such as the Biden administration's efforts to prevent Chinese dominance in copper supply by discussing potential investments in Zambian copper mines with companies from various nations friendly to U.S. interests. This strategic maneuver aims to secure a stake in First Quantum Minerals valued at up to $3 billion. Additionally, the high-profile takeover attempt by BHP Group for Anglo American's copper assets, which was recently rejected, underscores the fierce competition for control over this […]

  • Gold Prices Tick Higher in Anticipation of Influential U.S. Inflation Data
    on May 14, 2024 at 1:09 pm

    Gold prices rose modestly on Tuesday, climbing 0.4% as investors awaited a key U.S. inflation report due later in the week. This report is anticipated to have significant implications for U.S. interest rate decisions, influencing the financial landscape and potentially easing the Federal Reserve's current rate cycle starting in September. Lower interest rates typically make gold, which does not yield interest, more attractive to investors. The outlook is partly based on consumer expectations, with predicted inflation rates expected to moderate over the next few years.

  • Fed Officials Suggest Interest Rates May Stay High to Combat Persistent Inflation
    on May 13, 2024 at 3:03 pm

    Several Federal Reserve officials have indicated that the aggressive interest rate hikes over the past two years might need more time to effectively reduce inflation, hinting at the possibility of maintaining or even increasing rates rather than cutting them this year. Despite sharp increases, higher borrowing costs have not significantly impacted American spending habits or cooled inflation as expected. This observation suggests that current interest rates may not sufficiently restrain economic activity or inflationary pressures, possibly requiring rates to remain elevated for an extended […]

  • Stocks Rise; Key Economic Updates and Corporate Earnings on the Horizon
    on May 13, 2024 at 2:14 pm

    This week, the stock market saw gains, with the Nasdaq, S&P 500, and Dow Jones rising as Wall Street experienced a lull in economic data. The S&P 500 notably surpassed the 5,200 mark for the first time since early April. Looking ahead, key economic indicators such as the April inflation report, retail sales data, and initial jobless claims—which recently hit a nine-month high—will capture attention. Meanwhile, earnings reports from major corporations like Walmart, Home Depot, and Alibaba are set to punctuate a quieter earnings week.

  • Global Platinum Market Faces Increased Deficit in 2024, Says WPIC
    on May 13, 2024 at 2:09 pm

    The World Platinum Investment Council (WPIC) forecasts a deeper global platinum deficit in 2024 than initially expected, attributing the shortfall to diminishing mine supplies from South Africa and Russia. Although the anticipated deficit of 476,000 troy ounces is less than 2023's 851,000 ounces, due to a 5% decrease in demand, it remains significant. This marks the second consecutive year of platinum scarcity, influenced by ongoing production challenges, including restructuring and delayed production increases in South Africa, along with reduced Russian output due to smelter maintenance and […]

  • InvestingHaven Reveals Seven Charts that Shows Silver is Undervalued
    on May 13, 2024 at 2:04 pm

    InvestingHaven's analysis presents seven charts illustrating that silver is substantially undervalued when its price is compared across various assets like the Australian Dollar, copper, the Dow Jones, treasuries, the CRB index, and even Bitcoin. This method of assessing silver's value through relative readings against diverse assets reveals a consistent undervaluation, providing a broader perspective on its potential as an investment. This multifaceted approach enhances the understanding of silver's market positioning beyond traditional price evaluations.

  • China Launches Massive $140 Billion Bond Sale to Fuel Economic Growth
    on May 13, 2024 at 1:35 pm

    China has initiated the sale of approximately $140 billion (Rmb1tn) in long-dated bonds to stimulate its economy and fund critical long-term projects. The People’s Bank of China is currently consulting with brokers to determine pricing for this substantial bond issue, which was announced during the annual legislative session to boost economic momentum and address ongoing challenges in the property sector. These bonds, which are part of a series of special sovereign bond issuances dating back to 1998, aim to support significant investments in modernization projects that require central […]

  • Survey Shows U.S. Tech Stocks Perceived as New Inflation Hedge
    on May 13, 2024 at 1:30 pm

    According to a recent Bloomberg Markets Live Pulse survey, while gold remains the preferred hedge against inflation for 46% of respondents, nearly a third now view major U.S. tech stocks as a viable alternative, reflecting a significant shift towards betting on innovation to counteract rising prices. This suggests a growing confidence in the tech sector's ability to offer financial stability even during inflationary periods.

  • Currency Markets Hold Steady as Traders Eye U.S. Inflation Data
    on May 13, 2024 at 1:24 pm

    Currency markets stabilized on Monday as traders anticipated upcoming U.S. inflation data, which could influence the Federal Reserve's decisions on potential rate cuts in 2024. Following recent weak U.S. labor market results and the Fed's decision against further rate hikes, expectations for easing have increased, with markets predicting about an 80% likelihood of a rate cut by September and a total reduction of around 40 basis points for next year, according to LSEG data.

  • High Prices Dampen Gold Demand at India's Akshaya Tritiya Festival
    on May 13, 2024 at 1:17 pm

    Demand for gold during the Akshaya Tritiya festival in India, a major gold-buying event, was notably lower this year as soaring prices led to reduced retail interest. Despite dealers offering significant discounts, the high costs deterred many buyers, leading them to limit their purchases to small denomination coins. Jewelry sales were particularly weak, with one Mumbai jeweller reporting only about two-thirds of the sales compared to the previous year.

  • Gold Retreats from Recent Highs with Upcoming U.S. Inflation Reports in Focus
    on May 13, 2024 at 1:13 pm

    Gold prices fell on Monday as investors awaited upcoming U.S. inflation reports to gain insights on potential Federal Reserve rate cuts. Spot gold dropped by 0.7% to $2,344.53 per ounce, marking its largest decline in nearly two weeks, while U.S. gold futures also saw a decrease of about 1%. Analysts suggest that profit-taking in anticipation of the CPI data release is influencing the current dip in prices, with expectations that gold will remain relatively stable provided inflation slows down. Key economic indicators, such as the producer price index and consumer price index, are set to be […]

  • $20,000 Gold: Is A Treasury Revaluation Possible?
    on May 9, 2024 at 7:34 pm

    Could gold be the key to solving America’s debt crisis?

  • Silver Demand Soars as Solar Power Industry Expands Globally
    on May 8, 2024 at 9:02 pm

    The global surge in solar power adoption is significantly increasing the demand for silver, which is essential for making photovoltaic (PV) panels due to its superior electrical conductivity and thermal efficiency. With silver prices reaching their highest in a decade, mining companies are ramping up production to meet this demand. Last year, global investment in solar PV manufacturing skyrocketed to approximately $80 billion, representing 40% of the world’s clean technology manufacturing investments, according to the International Energy Agency. Notably, China has more than doubled its […]

  • Forbes: What To Expect From April’s CPI Report
    on May 8, 2024 at 8:49 pm

    The April 2024 Consumer Price Index (CPI) report, scheduled for release on May 15 at 8:30 a.m. ET, is anticipated to reflect a continuation of this year’s relatively higher inflation trends, with headline inflation expected at 0.4% and core inflation at 0.3%. These figures, according to models from the Cleveland Federal Reserve and forecasts from Kalshi, suggest inflation will remain above the Federal Open Market Committee’s (FOMC) annual target of 2%. Given these conditions, and with another CPI release set for the day of the FOMC’s June meeting, it is unlikely the FOMC will consider […]

  • How a Second Trump Presidency Could Influence U.S. Inflation Rates
    on May 8, 2024 at 8:31 pm

    As the 2024 election approaches, economists are speculating on the potential impact of a Donald Trump victory on U.S. inflation. Predictions suggest that a second Trump term could lead to higher tariffs and increased deficits, among other policies, potentially driving inflation upwards. While economic forecasting is not precise, these predictions are based on previous policies and anticipated future actions that could shape economic conditions.

  • Beyond the Numbers: The Varied Impact of Inflation
    on May 8, 2024 at 8:25 pm

    Inflation, while a key economic indicator, does not impact all demographics uniformly due to the aggregate nature of its measurement. Monthly inflation rates are calculated based on a general basket of goods which may not reflect the true spending habits of various groups, such as low-income or rural families. By examining disaggregated product groups and leveraging high-frequency online price data, researchers can uncover how inflation differentially affects diverse populations, revealing that the experience of inflation varies significantly among different groups.

  • Potential 2025 Recession Could Plunge Stock Market by 30%, Experts Warn
    on May 8, 2024 at 7:57 pm

    BCA strategist Roukaya Ibrahim predicts that a recession by early 2025, influenced by continued unemployment and economic difficulties in China, could lead to a 30% decline in the stock market. This view is echoed by Wall Street veteran Gary Shilling, who shared similar concerns with Business Insider. Ibrahim identifies two key factors that signal an impending recession by the end of this year or early next, potentially triggering a significant market correction.

  • Thirty-Six Minutes of Chaos: Analyzing the Flash Crash
    on May 8, 2024 at 7:45 pm

    The "Flash Crash" wiped out nearly $1 trillion in market value in minutes, leading to significant regulatory reforms.