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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Great Reset?? US Treasury 10yr Yield Tanks -20 Basis Points (UK 10yr Tanks -24.1 BPS)
s I frequently told my investment and fixed-income securities students at Chicago, Ohio State and George Mason University, any 10 basis point change in the US Treasury 10-year yield is significant. But how about today’s 20 basis point decline in the US Treasury 10-year yield?
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Fed Paying Banks Not to Lend: Judy Shelton
"As little sense as it makes to pay people not to work. Now our central bank is paying banks not to lend..."
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US Real Estate Falls Again
According to the Black Knight Home Price Index (HPI), median home prices fell 0.98% in August, only marginally better than July’s upwardly revised 1.05% monthly decline.
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Big Tech Stocks Plunge with Spooky Parallels to Dotcom Bust: -25% to -66% from Highs so Far
But the market is due for a bounce, according to the WOLF STREET dictum that “Nothing Goes to Heck in a Straight Line.”
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The Strong Dollar is Getting on the Nerves of Foreign Central Banks
To support their currencies, foreign central banks are selling US treasuries at a strong pace.
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American Energy Bills Are Set To Soar This Winter
As the global energy supply squeeze continues, the United States may finally begin to feel some of the squeeze...
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OPEC Fights the Fed, Crude Jumps 3 Percent on Expected Output Cuts
Oil surged in early Asian trading after delegates said OPEC+ was considering cutting output by more than 1 million barrels a day when the group meets this week to stem a slide in prices.
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California Gasoline Is More Than Double the Price in Texas, What Do You Pay?
California leads the nation in top gasoline prices, over double Texas, Mississippi, and Louisiana.
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A $1 Trillion Burden Looms for World Borrowers Refinancing Debt
Governments and companies around the world are facing unprecedented costs to refinance bonds, a burden that’s set to deepen fissures in debt markets and expose more vulnerabilities among weaker borrowers. Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsTesla Slumps as Deliveries Disappoint Due to Shipping Snarls...
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Failure To Be Taught Classes of 2008 Brought On LDI Pension Blow-Up
The disaster in Britain’s outlined profit pensions market final week was like a replay of the 2008 banking disaster — simply with totally different acronyms. It was brought on by a blow-up of LDIs — or liability-driven funding methods, an enormous £1.5tn nook of the monetary markets that most individuals had by no means even heard of. Half a dozen classes from 2008 haven’t been learnt.
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World Factory Activity Weakens on Global Slowdown, Cost Pressures
Global factory output mostly weakened in September as slowing demand added to the pain from persistent cost pressures and tighter monetary policy, surveys showed on Monday, diminishing economic recovery prospects.
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Home Builders Offer to Sell Homes in Bulk at Discount to Investors: WSJ
As mortgage rates hit a 15-year high and individual buyers back away, builders look to unload both planned and completed homes.
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ISM Manufacturing Unexpectedly Slides In September; New Orders, Jobs Shrink
Expectations were mixed ahead of this morning's Manufacturing sector survey data (ISM expected lower, PMI expected higher), but both were only marginal shifts at best amid rising macro surprise data.
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Lehman Debacle 2? Credit Suisse Market Turmoil Deepens After CEO Memo Backfires (Credit Suisse’s CDS Now Higher Than During 2008-2009 Financial Crisis
New CEO Koerner sought to reassure employees in Friday memo Shares fall to a fresh record low, gauge of credit risk rises It is like the Lehman Brothers debacle in 2008 all over again. (Bloomberg) …
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Percentage Of NYSE Stocks Closing Above 200 Day Moving Average Collapses To 13.48%
My 401k is Livin’ in Biden’s Paradise. The percentage of NYSE stocks closing above the 200 day moving average has collapsed to 13.48% as The Fed tightens to fight Bidenflation. Bollinge…
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19 Nations Have Negative 10yr-2yr Yield Curves
We are living in an inverted (bond) world! 19 nations now have inverted 10yr-2yr yield curves. And housing inventory for sale growth is soaring out West and in Tennessee? At least Ohio is seeing a …
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Harry Dent: Professed “Deflationist” Is Actually Bullish on Gold
Surprisingly, the professed "Deflationist" is actually bullish on gold, noting that precious metals will outperform most asset classes!
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Gold Climbs on Weaker Dollar Even As Rate Hikes Loom
Gold prices rose on Monday as a softer dollar rekindled some of bullion's appeal for overseas buyers, although the prospects of sharp interest rate hikes by the U.S. Federal Reserve and other major central banks capped further gains.
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London Gold Dealer Runs Out of Bullion As Truss Budget Shocks
'We anticipate we will continue to see an upward trend in people using gold as loan collateral in the coming months.' said Jim Tannahill.
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‘The Fed Is Breaking Things’ – Here’s What Has Wall Street on Edge As Risks Rise Around the World
The Fed's efforts to tame inflation are rippling around the world, with potentially unforeseen consequences for investors.
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