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Gold Price Forecast: XAU/USD jumps above $1,920 after US data
BySirhcSource: FXSTREET NEWS | 1/31/2023 3:05:16 PM GMT | By Matías Salord US Dollar weakens following Q4 US Employment Cost Index. Data points to more evidence of a slow down in inflation. XAU/USD erases daily losses with a rebound of more than $10. Gold prices bounced sharply higher following the release of US labor costs data for the fourth quarter….
Multiple Texas Bills Look to Challenge Fiat Currency
ByDeanTwo Texas bills filed by state Rep. Mark Dorazio, HB1049 and HB1056, propose creating gold and silver-backed transactional currencies as legal tender in the state. These bills would require the Texas Comptroller to issue these currencies through the Texas Bullion Depository, ensuring full backing by gold and silver. The bills aim to offer an alternative…
Ron Paul on Fed Interest Rate Cut
BySirhcCOURTESY OF CAMPAIGN FOR LIBERTY POSTED BY Norm Singleton August 01, 2019 Campaign for Liberty Chairman Ron Paul issued the following statement regarding the Federal Reserve’s announcement that it will be reducing interest rates for the first time in a decade: “The Federal Reserve’s reduction of its benchmark interest rate from 2.25% to 2% is a textbook…
Dr M moots currency backed by gold
BySirhcCourtesy of FMT News TOKYO: Prime Minister Dr Mahathir Mohamad says Malaysia is proposing a new currency based on gold, as this would be more stable than the current currency trading which is manipulative. He said the precious metal could be used to evaluate import and export activities among the East Asian countries. “We can…
Even before the stock market’s latest roller-coaster ride, millions of recession-scarred Americans were losing sleep
BySirhcThe escalation in trade and tariff tensions earlier this month appears to have shaken consumers’ confidence Courtesy of MarketWatch By Quentin Fottrell Published: Aug 10, 2019 9:49 a.m. ET How are you sleeping lately? The next recession will likely begin in 2020, according to the result of a recent panel of more than 100 real-estate economists polled…
DoubleLine’s Jeffrey Gundlach puts chance of recession at up to 65%
BySirhcCourtesy of Yahoo Finance by Julia La Roche Reporter Prominent bond investor Jeffrey Gundlach, the CEO of $130 billion DoubleLine Capital, sees the increasing likelihood of a recession within the next six to twelve months. A couple of years ago, Gundlach began highlighting key recession indicators on his webcasts, to see if there was potentially…