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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Big Retailers Might Soon Be Forced To Offer Big Discounts
The stock market did not care for this news, and equities across the board tanked with the S&P 500 turning in its worst day since June 2020.
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Inflation Sinks Retailers on Surging Costs of Products, Labor, and Transportation
Not a revenue-shocker (they were up even from stimulus-miracle a year ago), but a cost-shocker. Unable to pass on all the cost increases, their margins got squeezed.
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Housing Bubble Getting Ready to Pop: Mortgage Applications Plunge, Rising Rates, Ridiculous Prices
“Recent stock market volatility” catches some of the blame.
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Goldman Economist Warns US Consumers Maxing Out Credit Cards Will Lead To Late 2022 Spending Collapse
A little over a week ago, when looking at the latest consumer credit data from the Federal Reserve, we were shocked to learn that in March, credit card debt soared by a record $52.4 billion, the biggest monthly increase on record and more than double the expected change.
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10Y Treasury Yield Down 4.9 BPS, S&P 500 Minis Down 0.9%, Gold UP 0.6%, Bitcoin up, US Dollar down
It looks like one of those everything is down days. First, the 10-year US Treasury yield is down -4.9 BPS as of 7:43am EST. The S&P 500 Mini Futures contract is down -0.9%. Gasoline futures are…
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Gold: Facts, History and Uses of the Most Malleable Chemical Element
The element gold is a pirate's booty and an ingredient in microcircuits. It's been used to make jewelry since at least 4000 B.C. and to treat cancer only in recent decades.
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The Royal Mint Physical Gold ETC Assets More Than Double Since Start of the Year
The Royal Mint Physical Gold ETC (LSE:RMAU) has reached over US$600m in assets under management (AUM), more than doubled since the end of 2021.
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Portugal’s Central Bank Opens Its Vaults for Rare Glimpse of Gold Bars
Portugal's central bank has opened up its heavily guarded vaults in a small commuter town near Lisbon, giving a rare glimpse of where some of the country's gold reserves are kept. The 67,000 square metre compound in Carregado houses an ultra-secure vault where 45% the Bank of Portugal...
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Gold vs. Stocks a Growing Nightmare for Fed
Finally, longs continue to sell their gold as they weigh the combined effects of Fed rate hikes and the end of the world not coming from the war. Sorry, this is a stupid reason to sell gold, but it exists and has been facilitated by decades of Fed “discouragement”. But the longer the war goes on, the sticker the Gold rallies will be, especially if stocks are dropping
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If the World Goes Back on a Gold Standard, “Gold Will Hit $40,000 per Ounce”: Charles Nenner
Nenner is still long term bullish on gold and says it will hit “$2,500” in the not-too-distant future. Nenner says if the world goes back on a gold standard, “gold will hit $40,000 per ounce.”
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Is The Global Debt Bubble About To Burst?: Gail Tverberg
The global economy is in a very precarious position, with governments aggressively increasing interest rates while the world faces an energy shortage.. If the debt bubble bursts then we will be faced with a shrinking economy that cannot accommodate a growing population.
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Swiss Military To Protect Global Elites With 5,000 Troops & ‘No-Fly Zone’ @ This Year’s Davos Summit
The Swiss government has laid on its biggest military deployment in peace time – not for any war or overseas intervention, but rather to protect the global elite who are gathering in Davos for Klaus Schwab’s annual World Economic Forum confab.
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The Great Currency Reset and Why Europe is Trapped
There’s a lot of news flying around about the changes happening in global currency trading. From “Gas for Rubles” to “What the Hell is Going on With the Yen?” there are a lot of questions and very few answers as to what it all means and whose on which side of the divide...
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The Race to Break the Russia-China Alliance and the ‘Ukraine of the Asia Pacific’
Russia and China’s commitment to survival and cooperation goes far beyond utilitarian concerns as outlined by their February 4th joint statement for Cooperation Entering a New Era which called for the further integration of the EAEU and BRI, military intelligence harmonization under the growing SCO and broader international integration of the multipolar system.
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Where Is the Printed Up $56 Billion 'to Ukraine' Actually Going?
If they gave the bill a more accurate title, it would be called the “Money For Raytheon And Friends” bill, as the majority of the funds from the latest $40 billion behemoth will be used to supply weapons purchase orders, and resupply weapons that were already sent to Ukraine, which arrived with a seeming back room deal to add to the deep pockets of the weapons manufacturers back home.
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The Real Reason Behind the EU’s Drive to Embargo Russian Oil
The EU believes something to be true which isn't, it can bring Russia to its knees by forcing it to take oil wells offline.. even if it kills them...
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Gasoline Prices Top $6 In California, $9 In Parts Of Europe
Gas prices in both the United States and Europe hit new highs Wednesday, with average prices per gallon in California topping $6, compared to over $9 in Norway and Denmark
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The Fed’s $2.7 Trillion Mortgage Problem
Shrinking its massive portfolio of home loans won't make for easy economics or politics. If you took out a mortgage over the last couple of years, there's a good chance the holder of that loan is America's central bank — a consequence of its monetary stimulus efforts throughout the pandemic.
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US Budget Feels Sting of Higher Rates, and It’s Just the Start
Like a supertanker, US debt-service costs only change course very slowly. But it’s happening now -- and from Washington’s point of view, the new direction is the wrong one: they’re heading up.
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Chicken Wings for $34? Pent-Up Inflation Will Drive US Food Costs Even Higher
With a gallon of milk up about 25% since before the pandemic, and retail bacon 35% higher, it’s hard to imagine how US food inflation could get any worse.
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