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Silver fell as optimism over Fed cutting interest rates this year faded
BySirhcSource: Investing.com | Kedia Advisory | Commodities News 2023-05-11 03:46 Silver yesterday settled down by -0.99% at 76688 as optimism over the Federal Reserve cutting interest rates this year faded after the U.S. inflation report, triggering profit-taking among some investors. The headline inflation rate in the US unexpectedly declined to a 3-year low of 4.9% in…
Fed Adds Another $100 Billion In Liquidity In One Day – Financial Crisis Looms
BySirhcNew York Fed Adds Another $97.9 Billion In Liquidity Yesterday – Concerns Grow of Year-End Financial Crisis 40% Of Fed’s Balance Sheet Reduction Wiped Out In Just 2 Months ◆ The New York Fed added $97.9 billion in temporary liquidity to the financial system yesterday. ◆ The Federal Reserve Bank of New York continues to pump massive…
The pros are getting ready for a market crash — retail investors, not so much, top economist warns
BySirhc‘A large market correction, should one materialise, would encourage more professional selling that could overwhelm the buy-the-dip retail investor.’ That’s Mohamed El-Erian, Allianz’s chief economic adviser, explaining in an op-ed for the Financial Times how action in the options pits should be taken as a warning by retail investors who have been cashing in on the stock…
Hard assets hit new highs
BySirhcThe slump in the US dollar is beginning to accelerate. The gold price leapt to a new all-time high in early trading on Monday 27 July, with silver and bitcoin also seeing strong price rises. Gold hit a new record price of $1940 per troy ounce in Asian trading, exceeding the previous all-time high of…
Deutsche Bank’s Top Credit Strategist Makes Stunning Admission: “I Am A Gold Bug; Fiat Money Is A Passing Fad In The History Of Money”
BySirhcAs covered here repeatedly over the past 24 hours, gold and silver (and oil) had a great day yesterday, with the rally continuing on Wednesday, sending silver nearly 100% higher than its March lows. Read More
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…