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 NEWSFelix Zulauf: Bust/Boom Cycle Ahead As “Decade Of The Rollercoasters” Kicks Off
Expert investor Felix Zulauf joins Adam Taggart this week for an ultra-special interview to discuss where markets are headed as we enter 2023.
Insider Alert: Mike’s Latest 3 Investments
Mike Maloney recently made three investment moves, find out what they are and why he made these decisions in today's Insider Action Alert.
READ MOREWestern Vaults Drained of Silver to Meet Soaring Indian Demand
These diminishing vaults stock levels do not appear to be linked to increased demand in the West. Silver ETF demand has been sidelined, yet there have been substantial withdrawals of physical silver from both Comex and London vaults.
READ MOREFederal Reserve Must Tighten 9% to Break Core Inflation's Back
The Federal Reserve will fail to bring core inflation below 3.0% in the current cycle shows new research unless they deliver "9% overall of monetary tightening", paving the way for a successive cycle of rate hikes that will take interest rates to levels investors are not prepared for.
READ MOREIn The End The Dollar Goes To Zero And The US Defaults
With US and global debt exploding prior to both assets and debt imploding, let us look at the disastrous consequences for the US and the world. Debt explosion leading to the currency becoming worthless has happened in history for as long as there has been some form of money whether we talk about 3rd century Rome, 18th century France or 20th century Weimar Republic and many many more.
READ MOREThe "New Cold War" Gold Race Is On
More and more, it’s looking like my thesis of a massive shift in the global economic order taking place - along with a challenge to the U.S. dollar as global reserve currency - is playing out before our very eyes.
READ MOREAbsa Bank to Replenish Its Gold Units as Investors Exhaust Supply
South Africa’s Absa Bank Limited will list new units of the gold-backed exchange-traded fund (ETF) after investors bought all that had been supplied on the Nairobi Securities Exchange (NSE).
READ MOREWhat Is the U.S. National Debt Right Now — and Why Is It So High?: The Peter G. Peterson Foundation
See the latest numbers and learn more about the causes of our high and rising national debt.
READ MOREDebt, Creditworthiness, and Climate: A New Development Dilemma
Developing countries face a dilemma. Most have run up public indebtedness in a sensible response to the global recession induced by COVID-19 lockdowns. This has led to a deterioration in creditworthiness but saved their economies and protected their most vulnerable citizens.
READ MOREWeighing Machine, Voting Machine: Hussman
Valuations are the “weighing machine” and provide information about likely long-term investment returns and the potential extent of market losses over the completion of any market cycle. Market internals are the “voting machine” and provide information about speculative versus risk-averse investor psychology. Presently, both the weighing machine ...
READ MOREBlackRock: Prepare For Recession "Unlike Any Other"... And What Worked Before "Won't Work Now"
The world's largest investment manager has gone all in - and says a global recession is right around the corner. What's more, the financial tricks deployed by Central Banks in the past 'won't work this time.'
READ MOREDeflation, Rather Than Inflation, Is Currently The Main Risk Faced By China
In stark contrast to last year, China is now having a positive impact on global inflation dynamics. Weak domestic demand, price declines in raw materials and the return to more normal supply- and logistics conditions, have resulted in China exporting deflation once again. This was evident in the country's large trade surpluses, which were updated on Wednesday, and in this morning’s producer and consumer price inflation data.
READ MOREThe Jobs "Boom" Isn't So Hot When We Remember Nearly Six Million Men Are Missing from the Workforce
Last week, the employment news was all about how payrolls increased by 269,000 jobs and blew past expectations. Yet, when we looked at the actual number of employed persons, it turned out that the number of employed people has gone down in recent months.
READ MOREThe Constitution Has Already Been Terminated
If there is one point on which there should be no political parsing, no legal jockeying, and no disagreement, it is this: for anyone to advocate terminating or suspending the Constitution is tantamount to a declaration of war against the founding principles of our representative government and the rule of law.
READ MORETowards a Global Food Disaster, Engineered Through Acts of Political Sabotage
It’s beginning to look like some bad actors are deliberately taking steps to guarantee a coming global food crisis. Every measure that the Biden Administration strategists have been making to “control energy inflation” is damaging the supply or inflating the price of natural gas, oil and coal to the global economy. This is having a huge impact on fertilizer...
READ MOREThe Number of Billionaires in the World Dipped in 2022: UBS
The number of billionaires in the world dipped in 2022 due to Russia's war in Ukraine, monetary policy tightening, stock market falls and the Chinese economic slowdown, UBS said Thursday.
READ MOREGerman Economy Ministry Calls for Joint EU Response to U.S. Inflation Act
Germany wants a joint European response to the U.S. Inflation Reduction Act that would involve simplifying rules on state support and expanding funding opportunities, according to a German economy ministry document seen by Reuters on Friday.
READ MORECry Havoc! Consumer Confidence For Purchasing Housing Rises In December But Still Near Historic Low (Fed Rate Hikes Creating Havoc)
The Federal Reserve is removing the massive punch bowl from the US economy and markets. And with the rising US mortgage rates, we got crashing buying conditions for housing. The UMich consumer survey for buying conditions for house rose slightly in December to 36, well below 100 (the baseline).
READ MOREWhen Will the Waves of Layoffs Loosen this Crazy Labor Market?
Now starting to (but just a little).
READ MOREHow Much Free Taxpayer Money is the Fed Giving to Banks?
Two forces are in play. A reduction in reserves lowers the free money. Rate hikes by the Fed increase the amount of free money. QT takes away about $95 billion a month from the total amount the Fed pays interest on. Next week the Fed will hike 50 basis points to a range of 4.25 percent to 4.50 percent. I expect the new interest rate will stairstep to 4.40 percent (3.90 + 0.50).
READ MOREYellen: A “Staggering Problem” Foreign Banks Secret Derivative Debt that's “10 Times their Capital”
A greater concern, in our estimation, is this line from the report: “For banks headquartered outside the United States, dollar debt from these instruments is estimated at $39 trillion, more than double their on-balance sheet dollar debt and more than 10 times their capital.” Their on-balance sheet dollar debt is $15 trillion.
READ MORE