Financial advisor Lance Roberts and Wealthion host Adam Taggart discuss everything that mattered to markets this week.
The discovery, known as the 'Dunscore hoard,' is made up of more than 8,400 silver coins that date from the 13th and 14th centuries.
Difficult periods are followed by easy ones. Gold has been in a difficult period since 2020...
One of the worst-kept secrets in global central banking is the extent to which Chinese officials are swapping dollars for gold. Governor Yi Gang’s team at the People’s Bank of China isn’t admitting as much. The PBOC doesn’t have to, though, given the clear policy trajectory Chinese leader Xi Jinping has pursued in recent years: internationalizing of the yuan as the top rival to the dollar.
The bank thinks better of precious metals and for a change are pricing Silver to outperform Gold in Q4 2023. The key to all this is their belief that the Fed will be cutting rates by end of year 2023. Below are some highlights and comments on that report.
The USD and Treasury bond yields are suffering from damage from the dovish US FED November meeting minutes and bad economic reports.
Thieves who broke into a southern German museum and stole hundreds of ancient gold coins got in and out in nine minutes without raising the alarm, officials said Wednesday, in a further sign that the heist was the work of organized criminals.
On Thursday, November 24, 2022, the price of gold in Egypt reached its highest historical level, as the price of the 21-karat gold recorded LE1,373 per gram.
Ghana's government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia said on Facebook on Thursday. The move is meant to tackle dwindling foreign currency reserves coupled with demand for dollars by oil importers, which is weakening the local cedi and increasing living costs.
What interest rates are telling us is a bad sign. With an impending railroad strike that can torpedo the US economy (but if that is possible, why is the Biden Clan vacationing in Nantucket for Than…
Signs are growing in China that local government debt burdens are becoming unsustainable.
Singapore’s central bank warned of “potential dysfunction” in global funding markets and liquidity strains on financial firms that could spill over to banks and companies, amid intensifying risks to international financial stability.
The Federal Reserve authorities launched a 12-week pilot program to test the feasibility of the CBDC. The National Payments Corporation will host the digital rupee payment system during the testing phase.
Crypto mogul Changpeng “CZ” Zhao’s vow to set up a recovery fund of up to $2 billion to help cash-strapped startups failed to dispel all the sector’s contagion fears following the collapse of the FTX exchange.
Core consumer prices in Tokyo, an indicator of nationwide trends, exceeded the central bank's 2% target for a sixth month.
German bond yields, seen as a benchmark for the currency bloc, edged higher on Friday but remained on track for their third consecutive weekly fall. Germany's curve inversion extended late on Thursday, with the gap between the 2-year and 10-year government bond yields falling to -27 basis points (bps), before trading at -25 bps on Friday.
We’re going down! November’s consumer sentiment survey from University of Michigan is one for the books. It printed at 33.0, the lowest in the history of the survey that goes back to 19…
Housing Market Obliterated: Pending Home Sales Post Record Drop As Deal Cancelations, Price Cuts Hit Record High
Last week, we observed that delusion and hope can only last so long (even when one's salary depends on it) as US homebuilder confidence crashed to COVID lockdown lows in November after failing (or refusing) to see what was obvious to everyone for months, and what homebuyers were clearly feeling as prices soared along with mortgage rates and record low affordability for most Americans.
NEW YORK (AP) — While Black Friday will mark a return to familiar holiday shopping patterns, uncertainty still remains. The U.S. job market remains strong, consumer spending is resilient and inflation has been slowing.
The U.S. dollar edged up on Friday but stayed near a three-month low and on track for a weekly loss as the prospect of the Federal Reserve slowing monetary policy tightening as soon as December preoccupied investors.
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