Gold prices continued to shrug off rising rate hike expectations and skyrocketing Treasury yields as they remain near $2000 per ounce, and while silver’s low prices supported coin sales, the precious metal remains oversold, according to analysts at Heraeus. US Mint silver American Eagles “Cumulative sales year-to-date (including the first two weeks of October) were […]
Chinese investors sold $21.2 billion in US equities and Treasuries, the US Treasury said Wednesday. Chinese investors sold an all-time record $5.1 billion of US stocks that month. The onshore yuan had weakened against the dollar to its lowest point since November in August. Chinese investors offloaded $21.2 billion of US assets in the month
He said we can expect even bigger moves up when the markets figure out the inflation problem isn’t solved. On Friday, Oct. 13, gold charted a huge rally, up nearly $64 on the day. That represented a $110 swing upward from the low a week earlier. Peter said he thinks if gold can break through
Gold Rallies on Worse-Than-Expected Inflation News: Peter Schiff Read More »
The billionaire founder of Bridgewater Associates, the world’s largest hedge fund, flagged America’s record $33 trillion of debt as “risky.” Ray Dalio is worried about America’s borrowing binge and economic growth cooling. The billionaire investor warned of a “debt crisis” and a “meaningful slowing of the economy.” Dalio has previously flagged interest rates, civil unrest,
The US bond market is braving the biggest sell-off in history with benchmark yields quintupling since the end of 2020. The rout is far from finished and long-dated yields are set to extend the climb, according to BlackRock. Inflation, the Fed’s higher-for-longer interest-rate policy, and the rising US debt burden are weighing on the market.
BlackRock Warns the Worst US Bond Rout in History is Far From Over Read More »
Viewed as both an industrial and precious metal, silver can offer versatile risk protection for market participants. Silver is a valuable precious metal that has been used as a form of currency and store of value for thousands of years. Like gold, silver offers a historically low correlation to assets like stocks and bonds. When
Silver: A Bridge Between Industrial and Precious Metals Read More »
In the past three months, gold purchases totaled 219 tonnes and the WGC sees a string of fourth quarters for more buying. The World Gold Council (WGC) reports that in August, central banks bought 77 tonnes, 38% more than in July. China, Poland, and Turkey headed the list of buyers. Reports say that the
Central Banks Buy More Gold, China Leading the Way Read More »
Losses on Treasury bonds with maturities of 10 years or more had notched 46% since March 2020, while the 30-year bond had plunged 53%, Bloomberg reported. Those losses are nearly in line with stock-market losses seen during the worst crashes of recent history – when equities slumped 49% after the dot-com bubble burst and 57% in the
The Collapse in Treasury Bonds Now Ranks Among the Worst Market Crashes in History Read More »
Your investments, which you think you may own, can be absorbed into the failing financial system without your knowledge. We are in a doom-loop -collapsing collateral values – over $400T nominal in interest rate swaps – this crisis is forcing bond liquidations. In a test case in the New York courts concerning Lehman’s failure, JPMC
Unwinding the Financial System Read More »
One important economic indicator that’s currently flashing hasn’t appeared since the 1930s during the height of the Great Depression. A growing amount of data indicates that a gigantic economic crisis could be right around the corner. The latest economic data shows the annual M2 money supply growth rate has been negative for the past three quarters, meaning
New Data Reveals a Crash Not Seen Since Great Depression Could Hit in 2024 Read More »
