Gold and Silver Industry & Investing News

China’s Gen Z in ‘Gold Rush’ for Precious Metal Investment

Ye Huiling, a 25-year-old middle school teacher in Shenyang, Liaoning province, has been purchasing gold products for the last three years.

Central Banks Are Buying Gold at Record Pace, What Does That Mean for Inflation?

So far, however, we are witnessing symbolic actions that eventually spell a currency crisis, but we are all guessing when that is.

Central Banks Look to Increase Gold Reserves as Geopolitical Worries Mount

Nearly a quarter of central banks are looking to increase gold reserves this year, spurred on by geopolitical worries, interest rate concerns and rising inflation pressures.

Gold Rebounds as Debt Deal Optimism Weighs on Dollar, Yields

Gold bounced back from early losses on Tuesday, as the dollar pulled back and Treasury yields slid on wider market optimism about the U.S. debt ceiling deal.

Global Debt Soars Again: Lacalle

Global debt levels soared by $8.3 trillion in the first quarter of 2023, climbing to $305 trillion, nearly the record high set in the first quarter of 2022, according to the Institute of International Finance. This means almost 335% of GDP.

'There Will Be A Reckoning': GOP Rep. Calls For McCarthy's Ouster Over Debt-Deal

Republican lawmakers have threatened to exact revenge on House Speaker Kevin McCarthy for what they say is a terrible debt deal. Rep. Dan Bishop (R-NC) told reporters on Tuesday that he plans to formally initiate the process, saying the "motion to vacate has to be done."

Update on US Government Holy-Moly Debt, Interest Expense, and Tax Receipts, and How they Stack Up Against GDP

We shoulda known better.

Companies Push Prices Higher, Protecting Profits but Adding to Inflation: NYT

Some of the world’s biggest companies have said they do not plan to change course and will continue increasing prices or keep them at elevated levels for the foreseeable future.

Office Owners Dump Lesser Buildings for Whatever They Can Get: WSJ

Cut-rate sales and sales efforts attest to the troubled state of the office market, which is suffering one of its worst downturns since World War II because of the weak return-to-office and high interest rates.' New York City developers are starting to unload lower-quality buildings at deep discounts, cracking open a frozen real-estate market.

Downtown LA’s Office Distress Shows the Pain Coming for Cities: Bloomberg

From a distance, downtown Los Angeles can look like the Wizard of Oz’s Emerald City, a shimmering skyline with the Hollywood Hills and San Gabriel Mountains forming a picturesque backdrop. Up close, its buildings tell a bleak story of the turmoil roiling US commercial real estate.

‘The Core PCE Inflation Is Outpacing the FOMC’s Forecasts’

‘The Trimmed Mean PCE Inflation Index Hit the Highest Level Since the 1980s

(On a Year-Over-Year Basis).

Cliff Asness Warns Stocks a ‘Scary Place’ If US Enters Recession: Bloomberg

The billionaire quant investor also discusses the possibility of “immaculate” deflation and the risks of private equity investing on “Bloomberg Wealth with David Rubenstein.”

Nasdaq Triggers A New Volatility Correlation Sell Signal: Felder

Time will tell if this most recent sell signal will also prove effective in this way. It’s interesting to note, however, that it also culminated in an even more rare signal on Friday when both the NDX and VXN rose more than 2% on the day (last seen on 2/2). This is a pretty strong indication that the options market is not nearly as sanguine as the equities market at this stage of the rally. And that in itself may be an important development to pay attention to.

Rise of the Tech Giants Exposes the Problem of Index Distortions: FT

The most widely used index in the world is the S&P 500, which is supposed to be a broad barometer of the US stock market but has increasingly been driven by a small number of tech giants. This year, the S&P 500 is up by about 10 per cent but with much of its returns driven by Apple, Microsoft, Amazon, Alphabet, Nvidia, Meta and Tesla.

Rand Paul Introduces Alternative to Biden-McCarthy Debt Bill: ‘Get Our Fiscal House in Order'

Paul's bill would raise the debt ceiling by just $500 billion, forcing Congress to act in the near future to address America's debt problem with a more lasting solution. The bill would also impose automatic budget cuts to be imposed each year moving forward.

In the Debt Ceiling Deal Inflation Adjusted Spending Actually Rises Next Year: Kobeissi

This means overall discretionary spending is going to be higher in REAL terms next year.

The Money Doctor Who Has Slayed Inflation for 50 Years Says the Fed Has Overcorrected So Badly

Steve Hanke of Johns Hopkins predicts the Fed’s two wrong turns resulted in out of control inflation, and will be followed by a painful and unnecessary economic contraction.

Republicans Fail on the Debt Ceiling in 2023

The United States House of Representatives’ passage of the Limit, Save, Grow Act of 2023 is a big Republican failure addressing the debt ceiling. The debt ceiling would be raised above the current limit of $31 trillion by $1.5 trillion or through March 2024, whichever comes first.