U.S. consumer prices rose last month at the fastest annual pace since 1990, cementing high inflation as a hallmark of the pandemic recovery and eroding spending power even as wages surge. The consumer price index increased 6.2% from October 2020, according to Labor Department data released ... Read More about Inflation in U.S. Builds With Biggest Gain in Prices Since 1990
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Is gold’s long-awaited surge to $3000 an ounce finally underway? Are all the traffic lights green? Throughout the Western world (and China too), aging populations need a lot of medical care, and the only government and central bank “solution” is... More debt and more money ... Read More about Gold $3,000: The Ascent Begins
Gold is looking better than it has for a long time. As we will proceed to see the correction from its August 2020 highs looks to be complete with it shaping up for what should prove to be a massive 2nd impulse wave – and why shouldn’t it with inflation ramping up dramatically in the direction of ... Read More about Start Of Massive 2nd Impulsive Wave Believed Imminent
Prices move up and down, in the restless churn of our irredeemable monetary system. There are several schools of thought whose theories attempt to describe, if not predict, the next price move. The Different Theories on What Moves Gold and Silver Prices For example, the Quantity Theory school ... Read More about Rising Fundamentals For Gold And Silver
Transitory is a word that has been forced into everyday usage by its continued utterance by US Federal Bank Chair, Jerome Powell. (The Merriam-Webster dictionary definition of the word is: “of brief duration i.e. temporary or tending to pass away. not persistent.”) So is he right in calling current ... Read More about Is Inflation “Transitory”?
Gold and silver are both headed much higher, if prices continue to follow a 7-year arc pattern, said Patrick Karim of Northstar & Badcharts. Should the arc hold, gold should be trading at 250% higher than its 2017 level, translating to $4,200 an ounce by 2024, Karim told David Lin, anchor for ... Read More about By 2024, gold price will double, silver will more than triple, here’s why
All eyes are now on the Federal Reserve meeting this Wednesday at 2pm eastern time. Why is the pending meeting so important? Because the Fed is expected to announce the tapering of its $120 billion per month bond buying program, which began at the onset of the Coronavirus pandemic last ... Read More about Gold Price Forecast: All Eyes On The Fed…
For the believer in precious metals, the choice of which ones to put one’s faith in is far from simple. While supply and demand fundamentals may be significant in the overall picture – particularly for the more industrially oriented metals - the very fact that this group of metals carries the ... Read More about Gold vs. Silver
This writer has never been a believer in bitcoin. I sincerely believe bitcoin is a dubious fad which will peter out in the long term and cost buyers of it a considerable amount of money as it returns to its inherent value, which I would put at near zero! However, I am also one of the first to ... Read More about Gold vs. Bitcoin—Tortoise and Hare!