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2021 To 2024: From “Revenge” Splurging To Forced Frugality
BySirhcTUESDAY, AUG 15, 2023 – 11:05 AM Authored by Charles Hugh Smith via OfTwoMinds blog, After all, “they can always print more money.” That’s always the solution until it becomes the problem. What we call economics is best understood as: 1. A mechanism that distributes resources asymmetrically: some benefit more than others. 2. The running of the…
Gold pullback extends to start the session, silver also down by 9% on the day now
BySirhcThe pullback is getting violent Gold has fallen to a low of $1,907 on the day as the sharp fall continues following futures touching over $2,000 earlier in the day. Meanwhile, silver is tailing off to a low of $22.32 or down by 9% after having touched just above $26 in Asian trading earlier. As…
How fast will U.S. dollar sink?
BySirhcBy Patrick A. Heller According to current U.S. government projections, it will need to increase outstanding debt by $12 trillion over the next decade. That is going to be a huge problem. Such a massive increase in debt, by itself, is an indicator that the value of the U.S. dollar is destined to fall. If…
How Are Gold And Money Supply Related?
BySirhcM1 and M2 Money Supply numbers are surging. Will gold follow? Let’s investigate an alleged relationship between gold and M2, a measure of money supply in the US. Let’s also investigate what’s happening with M1, a more narrow measure of money supply. READ MORE
Silver Just Had Its Best Month In 40 Years: Here Are July’s Best And Worst Performing Assets
BySirhcby Tyler DurdenMon, 08/03/2020 – 13:22 When looking at the torrid market performance in July, Deutsche Bank’s Jim Reid notes that silver (+35%) had its best month since December 1979 while the dollar the worst for a decade. US equities had a good month in spite of rising virus caseloads due to a strong earnings season…
MARKET SPOTLIGHT
‘Tables turning’ in global currency markets may lead to further gains for goldBySirhcSource: Heraeus Precious Appraisal Precious metals prices rose in the final weeks of 2022 as the dollar beganto weaken. Despite a boost from the heightened geopolitical uncertainty inQ1’22 and higher inflation than for several decades, by the end of 2022the gold price in dollar terms finished near to where it began last January($1,810/oz vs. $1,825/oz)….