Experts are warning that we are 10 weeks from the global wheat supply running out… by Josh Sigurdson via World Alternative Media Josh Sigurdson reports on the collapse of the […]
Category: Gold
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The Hydra-Headed Model Of Social Change
Many people want to change the world, and not with a system that benefits everyone, but free goodies and the power to… by Keith Weiner via Mises Many people want […]
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Gold Price Lows “Are In”
And silver is “poised for recovery”… by Michael Ballanger via Streetwise Reports With diesel prices into the stratosphere, one of the greatest arguments for owning mining issues is no longer […]
Silver is a bit different… Ned Naylor Leyland with Dave Russell on GoldCore TV This week, Dave Russell of GoldCore TV interviews #NedNaylorLeyland of Jupiter Asset Management, who doesn’t agree […]
Silver longs remain firm in their belief of a silver failure… by Harvey Organ of Harvey Organ Blog GOLD UP $1.00 AT $1845.90//SILVER UP 19 CENTS TO $21.85//PLATINUM UP 429.55 […]
CNBC/Evelyn Cheng/5-31-2022
“The Chinese government faces a growing shortfall of cash, analysts say, as they predict an increase of debt to fill the gap. ‘The latest wave of Omicron and the widespread lockdowns in place since mid-March have resulted in a sharp contraction in government revenue, including land sales revenue,’ Ting Lu, chief China economist at Nomura, and a team said in a report last week.”
USAGOLD note: Looks like China will be resorting to the printing press. The strong appetite for gold in China is likely to become even stronger as a result. The question is to what degree China will be able to supply goods to the world economy while in a major lockdown. Economists (and central bankers) are likely to read more global price inflation in this development due to supply-side constraints.
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Dimon warns of economic ‘hurricane’
Financial Times/Joshua Franklin/6-1-2022
“It’s a hurricane. Right now, it’s kind of sunny, things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there down the road coming our way. We just don’t know if it’s a minor one or Superstorm Sandy … and you better brace yourself.” – Jamie Dimon, JP Morgan CEO
USAGOLD note: A very strong warning from someone not given to a lot of bombast .…… He says the war in Ukraine could push oil into the $150/$175 per barrel range. It’s trading at $115 this afternoon.
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Ukraine: a new narrative as Europe unravels?
Blain’s Morning Porridge/Bill Blain/5-30-2022
“All they [central banks] can do now is go with the flow and try to moderate the effects of the inflation tsunami: higher raw material and commodity prices, higher transport costs, higher energy costs, higher producer prices and, coming soon, rising social unrest and strikes as pay demands heat up. Worse is yet to come.”
USAGOLD note: Blain breaks down how Europe shapes up now as the pendulum, as he sees it, now swinging to Moscow. “In short,” he concludes, “June is looking… troubling.” Details at the link.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.
- Egypt awards eight gold and metal mining exploration licences Creamer Media’s Mining Weekly
- Egypt awards eight exploration licences to foreign miners MINING.com
- Altus Strategies announces multiple high-grade gold discoveries Global Mining Review
- Egypt awards eight gold and associated mineral exploration licences ZAWYA
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- Gold rises from 2-week low as inflation worries persist CNBC
- Gold Price Forecast: XAU/USD rebounds to $1850 despite higher US yields FXStreet
- Gold price holding below $1850 following better-than-expected U.S. consumer confidence numbers Kitco NEWS
- Gold – Gathering momentum? – MarketPulseMarketPulse MarketPulse
- Gold prices edge up from 2-week low as inflation worries persist Business Standard
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