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.
Subscribe
TOP NEWSUrgent Market Alert: Join Mike Maloney for a Live Q&A Session
The Fed just raised interest rates again which could put even more pressure on the banks. Things are heating up and the wheels are falling off. That’s why Mike is dropping everything to bring you this urgent market alert.
RESERVES NOT REQUIRED
Things are truly heating up, but what caused this? Where is it going?
READ MOREPreview Chartbook of the In Gold We Trust Report 2023: Ronald-Peter Stöferle & Mark J. Valek
2% inflation target behaved like a ceiling. In the next twenty-years, the 2% inflation target will become a floor.”
READ MOREThe Hierarchy Of Money And The Case For $8,000 Gold: Seeking Alpha
In this article, we will use Mehrling’s hierarchy of money framework and examine the relationship between national currencies and gold to get a sense of where the price of gold is headed.
READ MOREGold Prices Could Notch an All-Time High Soon — And Stay There
Gold prices have room to run as banks struggle and the Federal Reserve renders another rate decision, potentially breaking all-time highs — and staying there.
READ MOREGold Prices Finish Higher, Gain More Ground After Fed Rate-Hike Decision
Prices for the precious metal then moved up in electronic trading as the U.S. dollar, as well as Treasury yields, weakened in the wake of Federal Reserve's decision to raise its benchmark fed funds rate by a quarter of a one percentage point.
READ MOREJPMorgan Traders Should Get Prison for Spoofing, US Says
The former head of the JPMorgan Chase & Co. precious-metals business and his top gold trader should get multiyear prison terms after they were convicted of spoofing the market for years, the US government said in a court filing.
READ MOREMonetary Madness Endgame
For over twelve years at TF Metals Report, we have been writing about "The End of The Great Keynesian Experiment". Recent events have moved us closer to this monetary endpoint.
READ MORESVB And Collapsing Global Financial Defenses
These choices do not increase the chances for a near-term crisis, but they do mean that the chances of a catastrophe scenario are up sharply, in the event of a crisis.
READ MOREHow Does a Bank Collapse in 48 Hours?
“How does a bank collapse in 48 hours?” Asks the CNN headline. Especially a bank that reported a profit of $3.4 billion just last year. Murray Rothbard answered the question years ago in What Has Government Done To Our Money?, “No other business can be plunged into bankruptcy overnight simply because its customers decide to repossess their own property.
READ MOREInterest Payments On Treasury Debt Up 29% y/y
Here is a follow-up on last week’s chart with some excellent granular detail. Interest payments on the national debt during the current fiscal year (October to February) are up 29 percent …
READ MORE*Yellen: Must Boost Public Confidence In Banking System - Focused On Stabilizing Banking System
Holy crap, is she senile...
READ MOREFDIC Not Considering ‘Blanket Insurance’ for Bank Deposits, Yellen Says
Speaking to a hearing of the U.S. Senate's Appropriations Subcommittee on Financial Services and General Government, Yellen also said that the failure of a small bank or community bank could trigger runs on larger banks.
READ MOREWatch Live: Treasury Secretary Janet Yellen Testifies at Senate Hearing
Treasury Secretary Janet Yellen is likely to face tough questions from senators about the federal response to two bank failures earlier this month.
READ MOREThe Dot Plot Shows Fed Projects Interest Rate Cuts Next Year
Please consider the Summary of Economic Projections from the FOMC Meeting March 21-22, 2013.
READ MOREFed Says "Banking System is Sound"
The U.S. banking system is sound and resilient. Recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring, and inflation. The extent of these effects is uncertain. The Committee remains highly attentive to inflation risks.
READ MOREThe Fed Proposes a 4th Function of Money: Means of Social Control
The Federal Reserve Board announced that the Federal Reserve Banks will develop a new round-the-clock real-time payment and settlement service, called the FedNowsm Service, to support faster payments in the United States.
READ MOREFed Reverse Repo Useage Rises To $2.28T As Fed Hikes Target Rate To 5%,+25 BPS (Fed Dots Look Like Ski Slope)
As expected, The Federal Reserve raised their target rate (upper bound) to 5%, up 25 basis points. At the same time, Fed Reverse Repo useage soared to $2.28 trillion as banks hide from inflation. H…
READ MOREWatch Live: Fed Chair Powell Attempts High-Wire Walk Between Price & Financial System Stability
Having raised rates by 25bps (as expected) and offered a dovish bias to the statement with regard future rate-hikes, Fed Chair Powell now has the unenviable task of threading the needle between too-dovish (what does Powell know about just how bad the banking crisis really is...and what will that do to inflation) and too-hawkish (omfg, Powell's going to kill the banks to crush inflation).
READ MOREFed Hikes Rates 25bps, Maintains QT, Removes Hawkish Guidance: ZH
A lot has changed since The Fed last met on February 1st and decided to hike 25bps. Between Powell's hawkish hearings with Congress and the dovish-inference of a global financial system crisis, the market's expectations for The Fed's actions today have swung wildly - but ironically, are basically unchanged since the Feb 1st meeting.
READ MOREFed Hikes Rates by a Quarter Percentage Point, Indicates Increases Are Near an End: CNBC
The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that hikes are nearing an end.
READ MORE