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POSTED ON July 15, 2022  - POSTED IN Friday Gold Wrap

It happened again. The CPI data for June came in hotter than expected. Prices rose at the fastest pace in this inflationary cycle. That pushes the Fed ever closer to having to make a very difficult choice. In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the most recent CPI data and talks about the “Sophie’s choice” facing the Federal Reserve.

POSTED ON July 14, 2022  - POSTED IN Original Analysis

Fed Chair Jerome Powell and other members of the central bank have continued to talk tough about fighting inflation. But I’m pretty certain that in private, they were desperately hoping to see some cooling in the inflation data so they could start backing out of the ring. With a recession pretty clearly on the horizon (if not already here), you can bet that the central bankers don’t want to keep tightening monetary policy.

They didn’t get their wish.

POSTED ON July 13, 2022  - POSTED IN Key Gold Headlines

The slowdown in money creation could be signaling a recession.

The growth in the money supply has dropped precipitously over the last several months. As measured by M2, the money supply expanded by 6.6% year on year. That was down from April’s growth rate of 8.21%. In  May 2021, M2 grew by 14.30%. M2 growth peaked at a record 26.91% in February 2021.

POSTED ON July 12, 2022  - POSTED IN Key Gold Headlines

Silver has dipped below $20 an ounce for the first time in two years. But given silver’s fundamentals, the current economic dynamics, and the trajectory of the Fed, silver appears very oversold.

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.

There are three good reasons you should take advantage of silver on sale.

POSTED ON July 11, 2022  - POSTED IN Peter's Podcast

The mainstream seems to have conceded that the economy is heading toward a recession. But most people aren’t too worried. They seem to think the downturn will turn out short and shallow. In his podcast, Peter explains why the recession will more likely be long and deep. Since people don’t understand the nature of the boom, they can’t understand the nature of the bust.

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