You’re getting less for more every time you pull out your wallet. Inflation is chewing up the average person’s paycheck. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the real pain of inflation. He also talks about Jerome Powell’s testimony before Congress, the trajectory of monetary policy, the strength of the economy, and he breaks the February jobs report live.
The Russian invasion of Ukraine has completely changed the market dynamics. In his podcast, Peter talked about the impact the situation is having on the markets and the global economy. He also looked ahead, saying Russia can now serve as a convenient excuse for the Fed to back off its planned monetary tightening. Of course, that will have consequences of its own.
Gold demand in the technology sector rebounded rapidly in 2021 after falling the prior year due to economic lockdowns and the pandemic.
In 2021, tech sector gold demand grew by 9% to 330 tons with year-on-year growth in all four quarters, according to data from the World Gold Council. Tech demand in 2021 was about equal to pre-pandemic levels in 2019.
Economic sanctions serve as a powerful foreign policy tool for the US government. But could this ultimately backfire on the US?
Over the last several years, many countries have made a concerted effort to limit dependence on the US dollar. The economic warfare waged against Russia reveals exactly why.
Peter Schiff appeared on Fox Business Live with Charlie Payne to debate bitcoin with Layah Heilpern. Peter argued that the only reason to own bitcoin is speculation and that gold is a much better hedge.
There have been some major adjustments to headline data numbers so far in February from the BLS, the Fed, and now the Comex.
This analysis focuses on gold and silver delivery volume on the Comex. See the article What is the Comex for more detail.
The previous Commitment of Traders analysis showed how much influence Managed Money has over the short-term price movement of gold and silver. The table below summarizes this influence by comparing the Managed Money Net Positioning with “Other”, the next largest category. Swap is not considered because it typically sits opposite the other two.
As mentioned yesterday, daily updates into the March close are warranted given the extreme situation in the market. Today is First Position, which means the data tonight will give the first indication of March deliveries. Let’s get into it…
Even with the taper, the Fed continues to expand its balance sheet. And it’s not tapering the purchase of mortgage-backed securities (MBS) nearly as fast as advertised.
You’ve probably heard people say inflation is being caused by “greedy corporations.” They back up this increasingly popular narrative with tales of “excessive corporate profits.” In this episode of the Friday Gold Wrap, host Mike Maharrey busts this myth. He also talks about the wild ride in the gold and silver markets after Russia invaded Ukraine.
