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In this week's Market Recap, Lance Roberts discusses the bounce this week in stocks and why investors would be wise to use it as a chance to sell and build cash. Lance estimates the bear market is still in play and that a firm bottom has likely not been reached yet.
Join Mike Maloney and Adam Taggart as they look at the latest data through the lens of Mike’s ‘Inflation, THEN deflation’ hypothesis. What is coming next? How long will inflation last? What will the Fed do? What happens to the dollar?
READ MORETed Oakley of Oxbow Advisors interviewed John Hathaway on a recent Sprott Insights about the gold bullion and equities markets.
READ MOREWe’re almost halfway through 2022, and so far gold has been the big winner after oil, coal and other commodities.
READ MORECurrently the world is on a fiat money standard—a government-issued currency that is not backed by a commodity such as gold. The fiat standard is the primary cause behind the present economic instability, and is tempted to suggest that a gold standard would reduce instability.
READ MOREThe Central Bank of Bolivia (BCB) has proposed a law that would effectively make it the sole purchaser of gold produced within the country. The central bank’s proposal would also allow it to use gold reserves as collateral or swap them for foreign currency, local newspaper El Deber has reported.
READ MOREIn an interview with the Wall Street Journal, Treasury secretary Janet Yellen admitted that the chain of stimulus plans implemented by the US administration helped create the problem of inflation.
READ MOREGovernments love inflation. It is a hidden tax on everyone and a transfer of wealth from bank deposits and real wages to indebted governments that collect more receipts via higher indirect taxes and devalue their debts. That is why we cannot expect governments to take decisive action on inflation.
READ MOREI think there is a greater chance of a new economic regime, with more inflationary pressure and higher real interest rates.
READ MORENATO’s first new strategy concept in a decade will cite China as a concern for the first time but member states remain at odds over how to describe the country with the world's largest military and its relationship with Russia, NATO diplomats say.
READ MOREMore public pension plans than ever are using leverage, investing borrowed money in an effort to earn higher returns and close big funding gaps.
READ MOREAll leaders of the Group of Seven rich democracies are concerned about a looming economic crisis as growth slows and inflation soars, German Chancellor Olaf Scholz said after a working session on the global economy at this year's annual G7 summit.
READ MOREFour members of the Group of Seven rich nations moved to ban imports of Russian gold as part of efforts to cut off its means of financing the invasion of Ukraine.
READ MOREJust last week, Federal Reserve Chairman Jerome Powell was warned by Democratic lawmakers not to risk a recession, a message European Central Bank President Christine Lagarde received in Brussels as well. The Bank of England, led by Governor Andrew Bailey, was recently accused of having been “flat footed” on inflation.
READ MOREAnd despite the surge in interest rates for auto loans.
READ MORE“Why the current tightening cycle is unlike anything we’ve observed in the past.”
READ MOREJerome Powell and the St. Louis Fed are both concerned over inflation expectations. Let's investigate.
READ MOREIn another case of who is leaking and why, the New York Times has revealed that the CIA is heavily involved in training and advising Ukraine in its war with Russia. As former CIA official Larry Johnson writes, this is a very selective leak from the US government. So we need to read between the lines to answer why. Also today...one day before NATO's Madrid summit the talk is all about escalation.
READ MOREIt's not the first time in recent months that Burry has raised concerns about the economy. In May, he tweeted that the current market conditions are "like watching a plane crash."
READ MOREContinuing to do the same action and expecting different results is the Einsteinian definition of insanity... but that hasn't stopped the Biden administration in the case of its attack of his oil/gas prices.
READ MOREDr. El-Erian discusses our current economic path, underpinned by central bank policy experimentation. He points to ominous signposts all around us: rising inequality, sluggish growth, political tensions, and volatile financial markets. He dissects continued pressures that warrant radically different monetary policies...
READ MORE