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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PMIs Send Euro Tumbling And Europe To Edge Of Recession
The biggest question, however, is whether Europe will slide into recession before the ECB has even had a chance to follow through with any of its hikes, which are supposed to begin as soon as next month... which is also when the European economy is now widely expected to contract, in another dire repeat of the events that pushed the continent into the sovereign debt crisis.
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Federal Reserve’s Rate Increases: Too Little Too Late?
The return of stagflation will increase the growing movement to replace the dollar as the world reserve currency. This will be the final nail in the welfare-warfare-fiat money regime’s coffin. History shows that such a crisis usually results in people embracing some form of authoritarianism. However, if those of us who know the truth are effective in spreading the ideas...
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Global Central Banks Are Playing Catch Up With the Fed Could Trigger a Global Recession
“This process – and the global spillovers it implies from US monetary policy – could drive over-tightening and a global recession,” Evercore ISI analysts warned last week.
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Biden Economic Adviser Asserts That More Government Spending Will Solve Inflation Crisis
In the meantime, we get to listen to the people that told us inflation was not a threat now tell us that inflation can be solved with more inflation.
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Initial Jobless Claims At 5-Month Highs As Layoffs Accelerate
We suspect things are about to accelerate rather notably in claims data as layoffs have very recently started to accelerate dramatically...
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Inflation Surges to 7.7% in Canada, Fastest Pace Since 1983
Consumer price inflation accelerated to a four-decade high, adding pressure on the Bank of Canada to deliver more aggressive interest rate hikes in coming weeks.
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Inflation and Recession Dominate Outlook, Increase Risk of Accidents: PIMCO
Central banks' focus on fighting persistently high inflation could lead to a recession over the next two years and raise the risk of 'financial accidents', U.S. investment firm PIMCO said on Wednesday. Rising prices have dominated the global financial markets this year, pushing central banks to increase interest rates to contain demand. But uncertainty around the pace of tighter...
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The U.S. Housing Market Is Teetering on Recession: MW
The last time the housing market suffered a major meltdown in 2006, it took the entire U.S. economy with it. But history never follows the exact same script twice.
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Deutsche Bank, Citi See 50% Recession Chance as Rates Rise
Deutsche Bank AG’s chief executive officer warned the global economy may be headed for a recession as central banks step up efforts to curb inflation, joining a growing chorus of executives and policy makers who are painting a pessimistic picture.
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Wall Street Faces Billion-Dollar Losses on Sinking Buyout Debt
Investment bankers in the US and Europe are bracing for potentially billions of dollars in total losses on big-ticket leveraged buyouts as they struggle to offload risky corporate debt that’s plunging in value amid a sweeping market selloff.
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Govt Panel Member Says BOJ’s Yield Cap Causing ‘Negative Spiral’ of Yen Falls
The Bank of Japan's resolve to keep borrowing costs ultra-low is causing a "negative spiral" of yen weakness that highlights the need to tweak its yield cap policy, said Yuri Okina, a member of a key government panel, adding to criticism of the BOJ's policy. BOJ Governor Haruhiko Kuroda has vowed to defend the bank's 0.25% cap for the 10-year Japanese government bond (JGB)...
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Bridgewater Doubles Short Wagers in Europe to $10.5 Billion
\Ray Dalio’s Bridgewater Associates has built a $10.5 billion bet against European companies, almost doubling its wager in the past week to its most bearish stance against the region’s stocks in two years.
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Global Yields Drop From Multi-Year Highs as Recession Fears Grow
Government bonds extended a global rally as swirling concern that Federal Reserve interest-rate hikes will push the US into recession sent investors scurrying for the safety of sovereign debt.
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Abby Joseph Cohen Says Era of Everything Going Up Is Over
The S&P 500 Index is poised for its worst first half since Richard Nixon’s presidency as red-hot inflation and Federal Reserve interest-rate hikes batter stocks.
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Stock Futures Edge Higher Ahead of Jobs Data, More Powell Testimony
U.S. stock futures crept higher early Thursday ahead of weekly employment data and Federal Reserve Chair Jerome Powell’s second day of testimony on Capitol Hill.
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Divers Find ‘Priceless’ Hoard of Gold Coins off Israel’s Mediterranean Coast
Record haul of 2,000 coins found in an ancient harbour and belong to era of Fatimid Caliphate which ruled much of the Middle East and North Africa from 909 to 1171...
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Gold Proves Its Worth, Once Again, As the Only Asset Safe From the Meddling of Central Bankers
Crypto is crashing, equities are sliding, currencies are cratering, but gold is holding steady...
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Russia Eyes New Rules on State’s Gold, Gem Sales Amid War
Russia’s government and parliament are seeking to change rules on the sales and management of the state’s precious metal and gem stockpiles amid the war with Ukraine.
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Easy Money, Easy Lies
Strange how campaign season leads to the usual political drama over taxes. Republicans have learned the hard way that they should never raise them, at least not in ways that are noticeable. They accuse Democrats of plotting secret increases.
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US Household Saving Rate Vanishes, Credit Card Debt Soars: Lacalle
US families may have been patient these past months, but they cannot perform miracles. If inflation persists, the trend of real wages and savings will inevitably lead to a slump in demand and a higher recession risk.
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