The yen was once known as a safe-haven currency for investors to protect themselves when broader markets are shaky or other currencies are dropping, but those days are numbered. A stable government and consistent (and low) interest rates have been some of the driving factors, but it’s the unwinding of that ultra-low interest rate policy that will be the yen’s “safe haven” undoing as gold retains its protective characteristics and rockets upward.
This analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis of potential price direction in the very short term (1-2 weeks).
Peter appeared on OAN’s Real America with Dan Ball to discuss new prospective income taxes, the latest idiotic craze in politics.
He starts by explaining why President Biden’s desired policy isn’t even an income tax:
Last week Peter appeared on the Futures Radio Show podcast with Anthony Crudele. In their interview, they discuss the factors affecting gold’s price, why the Fed can’t control inflation, and the viability of Bitcoin.
Beneath the sweet surface of our favorite treats lies a bitter reality: inflation has sent cocoa prices soaring to unprecedented heights. Once deemed the food of the gods and now a daily indulgence for millions, chocolate is facing a dramatic upheaval as wholesale cocoa prices have rocketed past $11,000 per ton. Our guest commentator explains why this startling surge is a result of meddling from the Fed, leaving chocolate lovers and manufacturers in a squeeze.
(For our favorite gold chocolate bar, see our Gold Valcambi Combibar)
In this week’s episode, Peter covers the dismal figures released Thursday and Friday, horrible tax policies, and the appalling lack of transparency in our government.
The Comex report last month showed a lot of strength in gold which directly preceded a massive up move for the price of gold. The data is looking similar in silver this month!
JD and Joel unpack Peter’s latest podcast and the economy’s current path toward stagflation. We look at this week’s price action, macroeconomic data, and a quote from Jordan Peterson.
Whenever an election year rolls around, domestic manufacturing becomes a more central theme of discussion. Candidates from both sides, who seem to disagree on almost everything else, never waver in their commitment to auto manufacturers in Detroit and the steel industry. Republicans and Democrats never forget to remind the American public that they will try to keep these specific jobs on American soil. These very tangible and traditional markers of American industry seem to hold an outsize role in the American mind, especially considering that the steel industry, one of the most frequently mentioned industries, only employs 143,000 citizens.
The wizards at the Fed and US Treasury have been forced to acknowledge that their “transitory,” inflation is, in fact, quite “sticky.” And with the inflation elephant now acknowledged by the circus of high finance, Treasury yields keep inching up, recently reaching 4.7% — the highest since November. The Fed is stuck: It needs to raise interest rates to tame inflation and make Treasuries more attractive. But the Fed can’t afford higher rates, with an already-untenable cost to service the existing debt and loan-dependent industries teetering on the brink.
