Gold and Silver Industry & Investing News
Today’s gold and silver market news, curated from the best of GoldSilver's team and around the web. Everything precious metals investors need to know including updates on big price swings, macro analysis, and breaking stories. Check back often or subscribe to get the highlights in your inbox. Monitor live spot prices on our charts page.
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TOP NEWSWeekly Market Recap: Sell Into This Week's Strength? Probably A Good Idea
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.
SPECIAL REPORT: Inflation...THEN DEFLATION
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?
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Gold Could Be a Big Winner in the Near Future
Ted Oakley of Oxbow Advisors interviewed John Hathaway on a recent Sprott Insights about the gold bullion and equities markets.
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Gold Has Held Up Nicely Against A Strong Dollar And Surging Bond Yields
We’re almost halfway through 2022, and so far gold has been the big winner after oil, coal and other commodities.
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Contra Ben Bernanke, the Gold Standard Promotes Economic Stability
Currently 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.
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Bolivian Central Bank Wants To Become Sole Buyer of Gold
The 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.
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How Governments Expropriate Wealth with Inflation and Taxes | Daniel Lacalle
In 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.
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Why Government Anti-Inflation Plans Fail: Lacalle
Governments 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.
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Larry Summers Nailed Inflation. But Is He Right on What Comes Next?: WSJ
I think there is a greater chance of a new economic regime, with more inflationary pressure and higher real interest rates.
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‘Systemic Challenge’ or Worse? NATO Members Wrangle Over How To Treat China
NATO’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.
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Pension Funds Plunge Into Riskier Bets—Just as Markets Are Struggling
More public pension plans than ever are using leverage, investing borrowed money in an effort to earn higher returns and close big funding gaps.
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G7 Nations Are Worried About Global Economic Crisis
All 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.
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Biden Urges G7 To Stay Together as Leaders Target Russian Gold, Oil Price
Four 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.
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Powell Shares His Troubles With Lagarde and Bailey
Just 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.
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Average Transaction Price for New Vehicles Hits Record $45,844 in June
And despite the surge in interest rates for auto loans.
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“Inflation Forecasts Aren’t Worth the Paper They’re Written On”
“Why the current tightening cycle is unlike anything we’ve observed in the past.”
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The Asininity of Inflation Expectations, Once Again By Powell and the Fed
Jerome Powell and the St. Louis Fed are both concerned over inflation expectations. Let's investigate.
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NYT ‘Bombshell’: CIA Massively Engaged On-Ground In Ukraine
In 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.
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Michael Burry Agrees: "Bullwhip Effect" Will Force Powell To Pivot On Rate Hikes And QT
It'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."
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Biden Drains US Strategic Oil Reserve, Lowest Since 1986; UAE Warns Not To Expect Any Help From OPEC
Continuing 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.
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What’s Ahead in the Global Economy | AIM Summit London 2022: El-Erian
Dr. 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...
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