Gold: Recent Delivery Month Gold is set to have another strong month in April, which is not surprising given the lead-up. The chart below shows 12,491 contracts delivered on the first day. While this may look smaller than the previous bars, there are still 12,600+ contacts open. Furthermore, the number of contracts opened mid-month continues to […]
The post Gold Enters April Delivery on a Strong Note first appeared on SchiffGold.
The Federal Reserve launched its fight against inflation earlier this month, but it wasn’t exactly shock and awe. The Fed raised interest rates by just a quarter percent. Peter Schiff called it the most anticipated and least significant rate hike ever. Meanwhile, the central bank continued to expand its balance sheet. While the Fed’s tiny […]
The post Mortgage Rates Chart Biggest Weekly Increase in 11 Years first appeared on SchiffGold.
During a recent podcast, Peter Schiff talked about how the Bank of Japan lied about inflation being too low in order to justify its reckless monetary policy and keep interest rates artificially low in order to prop up the country’s massive debt. In a subsequent podcast, Peter talked about similar lies coming out of the […]
The post Peter Schiff: Eurozone Inflation Exposes European Central Bank Lies first appeared on SchiffGold.
MarketsInsider/Zahra Tayeb/3-26-2022
Cartoon courtesy of MichaelPRamirez.com
“The biggest part of the problem of our inflation is our own policies, not just in the immediate term but over the last several years,” Will Ruger, pres
USAGOLD note: When politicians and bureaucrats attempt to transfer the blame for inflation to foreign governments, or domestic businesses and consumers, they do so, in our view, to avoid addressing the real source of the problem – running massive federal government deficits and financing them with the Fed’s money printing press.Tayeb says those who blame Russia for the current inflation have a “hugely incomplete picture of what’s really going on.” We agree.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.
Daily Reckoning/James Rickards/3-23-2022
“The stars are aligning for gold. A combination of geopolitical tumult, supply chain problems and inflation all point to much higher gold prices. … If you believe that the war in Ukraine will end soon, that global supply chains will heal quickly and that inflation is transitory, then you’re probably in for a rude awakening. In fact, none of those things is likely. Even if the shooting stops in Ukraine soon, something that is not at all assured, the geopolitical consequences will dominate events for years or decades.”
USAGOLD note: We referenced Rickards’ latest on gold in yesterday’s Daily Market Report and repost the link here today for those who may have missed it. Rickards, to put it in a nutshell, is not as optimistic as some on Wall Street or in the press. “It’s important to buy gold now,” he says, “because this process is just beginning.”
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.