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The Treasury added $341B of debt in August. This was the largest increase in the debt since January and is more than 10 times larger than the increase in July. Another major occurrence was the increase in short-term debt. The Treasury increased Bills by $210B, the largest increase since June 2020. This is a move […]
The trade deficit fell in July to -$70.7 billion. It was the fourth straight month of drops. While the deficit continues to fall from all-time highs, it is very large relative to deficits prior to 2022. Despite the large 33% fall from the -$107 billion in March, the current deficit would have been an all-time […]
Everybody knows that the best time to shop is during a big sale. Well, with a spot price under $19 an ounce, silver is a bargain. For the next week, you can take advantage of the lowest silver spot price in years, and we’ll even sweeten the deal with free silver with qualifying orders.
What happens if the Federal Reserve loses money? The Fed typically earns interest income from all of the bonds it holds on its balance sheet. It also collects fees for services that it provides. Most of any Fed operating profit is remitted to the US Treasury under federal law. That money becomes part of the […]
Americans have been laboring under the burden of inflation for well over a year. We feel the pain everywhere, from the gas pump to the grocery store. Once it became impossible to sell the “inflation is transitory” narrative any longer, the Federal Reserve began raising interest rates to fight inflation. As a result, the bubble […]
Did you know the Biden administration is still handing out COVID-19 stimulus money? In fact, there are still billions of dollars in pandemic aid sitting in various federal and state government accounts waiting to be handed out.
Central banks’ appetite for gold remained robust in July according to the latest data compiled by the World Gold Council. Globally, central banks added a net of 37 tons of gold to their reserves, bringing the total purchases on the year close to 300 tons.
Jerome Powell and other central bankers at the Federal Reserve are still talking tough about their inflation fight even as the economy continues to deteriorate. Peter Schiff says we’re nearing an inflection point, but the markets don’t get it yet. As he explained in his podcast, the Fed’s monetary tightening is causing a recession, but […]
As highlighted last month, short positioning in gold was at the highest level since April 2019. This laid the seeds for a potential short squeeze. While a squeeze did unfold, it was brief. Sellers have regained control of the market and are driving the price back down. Please note: the COTs report was published 9/2/2022 for […]
According to the BLS, the economy added 315k jobs in August, which was on par with analyst estimates. While the job numbers continue to appear strong, a deeper look into the data shows some trends that may indicate weakness.
