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Gold prices slide as bond yields and the dollar firm
BySirhcCommodity investors await Powell’s Jackson Hole speech Gold futures on Wednesday edged slightly lower, hovering around the unchanged mark, as a rise in bond yields and the U.S. dollar, both bearish factors for bullion, weighed on precious metals. The moves come ahead of a highly anticipate speech from Federal Reserve Chairman Jerome Powell, who is…
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…
Warning! Interest Rates, Inflation, & Debt Do Matter
BySirhcWith our national debt blowing past 23 trillion dollars nothing is as sobering as looking at future budgets. We should be worried. Central banks across the world claim the lack of inflation is the key force driving their QE policy and permitting it to continue, however, the moment inflation begins to take root much of their…
Australia’s sovereign wealth fund buys gold, commodities as shadow of 1970s looms
BySirhcSource: By Lewis Jackson SYDNEY (Reuters) Australia’s A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure to gold, commodities, private equity and infrastructure as it warns the future will echo the low-growth, high-inflation era of the 1970s. By Lewis Jackson SYDNEY (Reuters) – Australia’s A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure…
It ain’t political…
BySirhcIt ain't political, it's structural: End the Fed, impose some external budget constraint. Until then, we uniparty right off the fiscal cliff. https://t.co/0VBEMsQdef — Peter St Onge, Ph.D. (@profstonge) April 20, 2023
The Calm Before the Storm
BySirhcAuthored by Pater Tenebrarum via Acting-Man.com Intra-Market Divergences Galore US big cap stocks have rallied to new highs in recent months, but just as in the rally from the low of the February 2018 mini-panic to the September/October 2018 peak, sizable divergences between different indexes have emerged in the process. New highs in the big…
