Gold and Silver Industry & Investing News
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Rising Use of the Fed’s Discount Window Raises Questions
"The fact that the amounts being borrowed at the discount window are rising in an oscillatory fashion with progressively higher 'highs' and higher 'lows' hints, while not conclusively, that the amounts being borrowed are increasing as the Fed increases rates." ~ Peter C. Earle
READ MOREEuropean Shadow Unemployment Is a Real Problem: Lacalle
The latest jobs report in the United States shows strengths and weaknesses. Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate fell to 3.5 percent.
READ MOREThe Race to the Bottom Accelerates
When competence, transparency and accountability are all punished, the Race to the Bottom accelerates.
READ MOREThe Fed Finds Itself in a Hole
There’s never a good time for the U.S. government to hit its debt issuance cap — and spark speculation of a possible imminent default if Congress refuses to raise it.
READ MORECorporate Layoffs Spread Beyond High-Growth Tech Giants: WSJ
Dow, IBM and SAP say they will lay off thousands of workers as belt-tightening becomes the new business priority.
READ MOREBlack And White Gold + BRICS And Mortars = Inflation
The BRICS would have to force the West they export to move onto gold too, and watch them suffer devaluation, deprivation, and desperation for once – how bullish for markets!; or...
READ MOREThe Financial Media Goes Gaga For The Greenback, Part Deux: Felder
The magazine cover indicator strikes again!
READ MOREA "Debt Doom Loop" Is Now Fully Engaged
We have seen this movie before. The Fed tightens, things break, the Fed reacts by opening the monetary flood gates and the cycle begins all over again. Before things break you generally see signs that trouble is coming. We call this rivets popping.
READ MORENew Home Sales Just Suffered Biggest Annual Drop Since Oct 2021, Median Price Tumbled
Following the continued decline in existing home sales, new home sales were expected to drop notably in December (after two months of surprising improvements). After rising 8.2% and 5.8% MoM respectively in the last two months (as mortgage rates dipped and homebuilder incentives soared), new home sales surprised once again - rising 2.3% MoM (dramaticaly better than the 4.4% decline expected). However, that surprise was due to a huge downward revision in November data from a 5.8% surge in new home sales to just 0.7%...
READ MOREDemocrats Hammer GOP Plan to Impose National Sales Tax, Abolish IRS
Democrats are seizing on a proposal to impose a national sales tax and abolish the IRS as a cudgel against the GOP, despite little chance of the bill passing.
READ MOREWill There Be a World War Three?
As tensions ramp up between the West and its antagonists, fears are growing that proxy wars could develop into wider armed conflict.
READ MOREIran, Russia, China Hold Joint Naval Drill Amid Growing Ties
Iran, Russia, and China are holding their third joint naval drill in the northern Indian Ocean, amid speculation that the three countries are teaming up in the face of growing regional tensions with the United States.
READ MOREUS on Red Alert as China and Russia Vow to Unite for Huge War Game in South Africa
The US is "concerned" as South Africa announces it will welcome Russian and Chinese naval forces for a joint exercise next month. CBS reports that it is the timing of the drills that is worrying those in Washington – they will take place during the one-year anniversary of Russia's invasion into Ukraine.
READ MOREKremlin Says US Abrams Tanks Will 'Burn' in Ukraine
Responding to President Biden’s pledge to send 31 M1 Abrams to Ukraine, Kremlin spokesman Dmitry Peskov said the US-made tanks will “burn.” “I am certain that many experts understand the absurdity of this idea. The plan is disastrous in terms of technology,” Peskov said. “But above all, it overestimates the potential it will add to …
READ MORELockheed Says It's Ready With F-16s If US and Allies Choose to Send Them to Ukraine
Lockheed Martin has said that it’s ready to meet demands for F-16 fighter jets if the US and its allies choose to ship them to Ukraine. So far, the US and its allies have been hesitant to send fighter jets to Ukraine due to concerns that they could be used to target Russian territory.
READ MOREEventually Has Finally Arrived!: Miller on the Money
When the Fed bailed out the banks in 2008, flooding the system with trillions, you just knew high inflation would be the result.
READ MOREA Dollar Collapse Is Now in Motion – Saudi Arabia Signals the End of Petro Status
The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t get it, or they don’t want to get it. The idea that the US currency could ever be dethroned as the defacto global trade mechanism is impossible...
READ MOREInflation Tops 50% As Iran Starts Offering Gold On Stock Market
Despite haphazard state measures such as injecting dollars into the currency market and selling gold on the stock market, inflation is soaring and the rial maintains a downward trend.
READ MOREBrics Exploring Ideas to Create Fairer Payment Mechanism to Reduce Dollar Dependence
BRICS is exploring ideas to create a fairer payment system that reduces dependence on dollars, South African Foreign Minister Naledi Pandor has said. South Africa is the current BRICS chair.
READ MOREThe 1970s: From Rotting Carcasses Floating in the River to Kayak Races
If we don't bother measuring national well-being, the health of the nation's commons and resources and advances in the public's interests, then we foolishly call a decade of tremendous advancement "stagflation."
READ MORE