Kitco News
(Kitco News) – The gold market remains caught in a consolidation pattern, even if it is trading at the top of the range; however, one market strategist said that the precious metal faces growing headwinds as central banks around the world start to tighten monetary policy.
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Kitco News
(Kitco News) – Endeavour Silver (TSX: EDR) said today that its consolidated silver production increased by 25% to 1,314,955 ounces in Q1 2022 compared to Q1 2021.
The post Endeavour Silver reports its Q1 silver production increased 25% year-over-year appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Just ahead of the U.S. March consumer price index (CPI) data release, Bank of America (BofA) warned that inflation causes recessions and price pressures are already out of control.
The post Inflation ’causes recessions,’ price pressures already out of control, warns BofA appeared first on WorldSilverNews.
Ted Butler
Mon, 04/11/2022 – 14:04
AbraSilver Corp.
Mon, 04/11/2022 – 09:53
Bloomberg/Min Jeong Lee and Toru Fujioka/4-7-2022
“Such wide-ranging goals have led the Japanese central bank to amass a whopping 80% of the country’s ETFs—equivalent to about 7% of its $6 trillion stock market—in less than a decade. That’s far further than any other central bank in the world has gone in trying to prime its economy via equities purchases. The Bank of Japan has also outpaced peers with its $3.7 trillion in net bond purchases.”
USAGOLD note: The problem, according to Bloomberg, is liquidating those assets without cratering the target market – an asset trap of sorts that makes the central bank a semi-permanent to permanent holder of the securities in question. Why wouldn’t the Fed, some might ask, find itself in a similar situation with U.S. Treasuries and mortgage-backed securities? Japan in this regard is indeed a cautionary tale ……
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CNBC/Ron Insana/4-8-2022
“It still represents a small fraction of the world’s currency system. Its $820 billion market value (whatever that means for a ‘currency’) is small when compared to dollars in circulation globally and pales in comparison to the $13 trillion value of the world’s outstanding stash of gold, the hard currency of choice for most of the planet.”
USAGOLD note: We were surprised that Ron Insana would have nice things to say about gold. We can’t remember if he has ever said anything positive about “the hard currency for most of the planet” before. We were also surprised that the usually staid Mr. Thiel would go nuclear on what he calls the ‘finance gerontocracy” (Warren Buffett, Jamie Dimon, and Larry Fink). Perhaps what really has him so irked is bitcoin’s poor performance of late – down over 35% from its early November peak.
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