- Silver Price Analysis: XAG/USD renews two-year low near $20.20, further downside appears difficult FXStreet
- Silver is heading to trade at a two year low Kitco NEWS
- Silver Price Forecast: New Yearly Lows After Symmetrical Triangle Breaks – Levels for XAG/USD DailyFX
- Silver Price Forecast – Silver Breaks to a Fresh, New Low FX Empire
- Silver price within tight track – Analysis – 30-06-2022 Economies.com
- View Full Coverage on Google News
Month: July 2022
Gold Silver Price Today: Gold rate today in India: Yellow metal edges lower and so does silver The Indian Express
MoneyWeek/Dominic Frisby/6-29-2022
“That’s actually quite a telling little fact. For all the declines we’ve seen elsewhere in stocks, bonds and crypto, and the ensuing erosion of wealth, gold sits at its one-year average. In other words, it’s done what it’s supposed to: preserved its value, and preserved your capital. And that’s with the US dollar so strong.”
USAGOLD note: Frisby goes on to state that over the past year gold has done well when priced in a large cross-section of currencies – just not the dollar. He also cites a technical development noted previously here at USAGOLD – the long term cup and handle chart formation. He says it is “very bullish.” If it delivers the projected results, “it will give Goldman their target” – $2500 per ounce by year end.
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The risk of a flip-flopping Fed
Financial Times/Mohamed El Erian/6-28-2022
“The markets are evolving their minds about US economic prospects just as the Federal Reserve has been scrambling again to catch up to developments on the ground. This risks yet another round of undue economic damage, financial volatility and greater inequality. It also increases the probability of a return to the ‘stop-go’ policymaking of the 1970s and 1980s that exacerbates growth and inflation challenges rather than addressing them.”
USAGOLD note: Another allusion to the similarities between the Richard Nixon-Arthur Burns collaboration of the 1970s and the current Biden-Powell arrangement. As Niall Ferguson put it: “I think I’ve read enough about Burns to suggest plausibly that the current Fed chair, Jay Powell, has more in common with him than with Volcker. This is unfortunate, and potentially disastrous for the US economy.”
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Brazil looking to scotch illegal gold mining BNamericas English
Strong start to gold exploration in 2022 North of 60 Mining News
Environmentalists Speak Out As Armenia Restarts Controversial Gold Mine OilPrice.com
- Gold Price Forecast: XAU/USD sees a bumpy ride below $1,800, US ISM PMI eyed FXStreet
- Gold price rallies after stable U.S. inflation reading Kitco NEWS
- Gold range-bound as rate hike bets and recession fears collide CNBC
- Gold falls more than 2% for the month, settles at lowest since February MarketWatch
- Gold Price Technical Forecast: Gold Vulnerable into July DailyFX
- View Full Coverage on Google News
After 125 years Yukon’s gold rush gets bigger and bigger Kitco NEWS
According to the seasonally adjusted data, M2 increased by $23B in May. This was the smallest monthly increase in M2 since the start of Covid aside from the contraction last month, which was the first monthly reduction in adjusted M2 in 12 years! Despite extremely small growth, money supply is still expanding which is going to […]
The post Money Supply Growth Slows Enough to Pop the Everything Bubble but Not Enough to Cure Inflation first appeared on SchiffGold.