Similar Posts
India raises silver import duty to align with gold
BySirhcSource: Yahoo Finance Wed, 1 February 2023 at 2:22 am GMT-6·1-min read MUMBAI (Reuters) – India raised total taxes on silver imports 15% and on silver dore to 14.35%, the government said in a statement on Wednesday, in an effort to align the duty structure of the metal with gold. The south Asian country is…
NY Fed Announces Extension Of Overnight Repos Until Nov 4, Will Offer 8 More Term Repos
BySirhcCourtesy of ZeroHedge by Tyler DurdenFri, 10/04/2019 – 14:01 Anyone who expected that the easing of the quarter-end funding squeeze in the repo market would mean the Fed would gradually fade its interventions in the repo market, was disappointed on Friday afternoon when the NY Fed announced it would extend the duration of overnight repo operations…
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…
Fed Chair Powell Announces QE4… But “Don’t Call It QE4”
BySirhcCourtesy of ZeroHedge by Tyler Durden Tue, 10/08/2019 – 14:25 Update: Fed Chair Powell appears to have announced QE4 (but do not call it QE4!): Discussing the liquidity shortage and repo-calypse, Powell said: … While a range of factors may have contributed to these developments, it is clear that without a sufficient quantity of reserves in…
Gold may eclipse dollar as reserve currency after outsize coronavirus spending: Goldman Sachs
BySirhcThe U.S. dollar’s longstanding status as the world’s reserve currency is at risk after the greenback’s weakening by unprecedented government efforts to shore up the economy during the COVID-19 pandemic, according to Goldman Sachs Group Inc. Ballooning federal debt levels and a potential shift in favor of inflation at the Federal Reserve amid increased geopolitical hostilities, domestic unrest and an onslaught of new…
Gold Price Outlook Remains Mired by Broader Recovery in US Yields
BySirhcGOLD TALKING POINTS The price of gold attempts to retrace the decline from the beginning of March as the US 10-Year Treasury yield pulls back from a fresh yearly high (1.62%), but key market themes may keep the precious mental under pressure as the Federal Reserve appears to be in no rush to alter the path for monetary policy. FUNDAMENTAL FORECAST FOR GOLD: BEARISH…