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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Moody’s Warns UK Unfunded Tax Cuts Are ‘Credit Negative’
Global ratings agency Moody's has warned the British government that plans for unfunded tax cuts could lead to larger budget deficits and higher interest rates, threatening the country's credibility with investors.
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Fed’s Daly: Do Not Want To Tip Economy Into Downturn
San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that the U.S. central bank is "resolute" about bringing down high inflation but also wants to do so "as gently as possible" so as not to drive the economy into a downturn.
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Bear Market Will Get Whole Lot Worse When Credit Cracks
As crazy as it sounds, all the turmoil that’s ripped through Wall Street over the past week has still left debt markets in Corporate America relatively unscathed.
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BOE's Panic: Billions In Margin Calls "Death Spiraling" Into A Complete Bond Market Collapse
It's only fitting that literally hours after the most clueless dwarf in capital markets history, Janet "No crisis in my lifetime" Yellen said that financial markets are functioning well, that the Bank of England literally panicked, and shocked markets by resuming unlimited QE.
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El-Erian Says Bank of England’s Latest Rescue Move Shows We Are Still in Central Bank ‘La-La Land’
CNBC PRO: "This is responding to the risk of market malfunction," said El-Erian.
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Stock futures sink as 10-year Treasury hits 4%
U.S. stock futures fell in the early trade Wednesday as the 10-year Treasury yield – a key economic linchpin – briefly spiked past 4%, marking a closely watched level for the worst bond sell-off in decades.
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Investor Pessimism Jumps To Levels Not Seen In Nearly 13 Years
nvestors are becoming increasingly bearish on stocks as persistently high inflation has compelled the Federal Reserve to hike rates aggressively, with Bank of America analysts and the American Association of Individual Investors (AAII) both saying that investor pessimism has hit levels not seen since around the time of the financial crisis of 2008–09.
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Yellen Says ‘Monitoring’ UK Developments After Pound Plummets
U.S. Treasury Secretary Janet Yellen said on Tuesday the United States was monitoring developments in Britain after the government unveiled a fiscal programme that sent the pound to a record low against the dollar, the Financial Times reported.
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Bank Of England Capitulates: Restarts QE Due To "Significant Dysfunction" In Bond Market, "Material Risk" To Financial Stability
Just a few days ago we wrote that "Something Is About To Break" and prompt a capitulation from one or more central banks, which oddly was met with mockery in the comment gallery. Also, a few week ago, we said that we are nearing a moment in time when central banks will do QE and rate hikes at the same time.
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US Treasury Secretary Yellen Says That Financial Markets Are Operating Normally
*Financial markets are operating normally, doesn't see erratic financial market conditions *Says she doesn't see any liquidity or deleveraging issues *Current conditions are tighter as a result of the battle against inflation *US Treasury is monitoring market conditions closely
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Gold Continues to Play Critical Role in China's Monetary and Financial System
A leading Chinese economist from one of the country’s top tertiary institutions has highlighted the irreplaceable role of gold in China’s modern monetary and financial system.
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Appreciation of the Dollar’ Is Increasing the Risk of Global Stagflation and Recession: El-Erian
The dollar's sustained rise is increasing the risk of global stagflation and recession, according to Mohamed El-Erian, the president of Queens' College at Cambridge University.
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Is the Yield on Gold Enough?
Albert Einstein famously said that compounding interest is the most powerful force in the universe. The chart below shows how earning a 2-4% yield on gold and silver every year can compound over a 30 year period.
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Paper vs Physical Gold And Silver And Why The Precious Metals Sector Should Rally
Based on behavior of the credit and currency markets, along with the glaring repositioning of paper gold and silver between the banks and the hedge funds per the COT report, I believe that a similar trigger event will occur in the coming months, possibly before Christmas.
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GDPNow Forecast for 2022 Q3 Barely Positive Despite New Home Sales Surprise
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 0.3 percent on September 27, unchanged from September 20 after rounding. After releases from the National Association of Realtors and the US Census Bureau, the nowcast of third-quarter gross private domestic investment growth decreased from -7.4 percent to -7.6 percent.
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Wharton’s Jeremy Siegel Rips Fed for Mishandling Inflation, Driving Country Towards ‘Deep Recession’
Wharton business school professor Jeremy Siegel warned Tuesday the Federal Reserve's hawkish stance on combating inflation is sending the U.S. economy towards a "deep recession." On "Cavuto: Coast to Coast," Siegel unpacked the Fed's recent rate hike and argued an "excess of monetary growth" over the past two years created the "inexcusable" problem.
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Inflation: Here To Stay
Inflation expectations in the US have tapered off since May, but the inflation genie won’t easily be put back into the bottle.
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Inflation and Expiring Benefits Have More Americans Going Hungry
Hunger is spreading among Americans with steady but low-paying jobs, reversing President Joe Biden's early success in cutting food scarcity by nearly a third and threatening to worsen as the country teeters on the brink of recession.
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Putin’s Sudden Turning Point: Epoch Times
Russian President Vladimir Putin finally abandoned hope in mid-September that he could rebuild a bridge to the West. With that realization, he committed Russia to the new anti-Western pact. The turning point was the signal Putin received from the United Kingdom over the funeral of Queen Elizabeth II. It had little to do with the military setbacks in the Ukraine war, for which he had already begun planning.
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War With Russia, China, Iran: What Could Possibly Go Wrong?
The US is locked in endless proxy war with Russia over Ukraine. The US is locked in rapid escalation with China leading to possible war over Taiwan. The US is locked in a collision course with Iran over their imaginary nuclear program that could blow up the Middle East. I’ve not been as concerned about …
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