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Silver Hits 12-Year HighSilver rose to its highest level in nearly 12 years on Thursday (9-26-2024), riding the coattail...
09/26/2024

Silver Hits 12-Year High

Silver rose to its highest level in nearly 12 years on Thursday (9-26-2024), riding the coattails of Gold's rally to record peaks on interest rate cuts by major central banks.

Silver, which serves as both a safe-haven investment and a key material in industrial applications, has rallied more than 36% so far this year.

Interest-Rate Cuts Could Spell More Weakness For The DollarInvestors have been pretty skittish as the clock ticks down t...
09/13/2024

Interest-Rate Cuts Could Spell More Weakness For The Dollar

Investors have been pretty skittish as the clock ticks down to next week’s expected policy shift from the Federal Reserve that would lower interest rates for the first time in four years.

The U.S. Dollar has been losing some of its luster — falling over the past few months as the Fed has embarked on a more cautious approach to cutting interest rates than other major central banks in the wake of easing inflation.

Gold Marks Fresh Record High As “The Stage Is Set” For Fed Rate CutGold prices climbed to a fresh record high on Thursda...
09/12/2024

Gold Marks Fresh Record High As “The Stage Is Set” For Fed Rate Cut

Gold prices climbed to a fresh record high on Thursday (9-12-2024), with inflation data this week providing support even as some analysts believe bets for a Federal Reserve interest-rate cut next week are being priced into the precious metal.

Inflation data, along with Wednesday’s consumer-price index and Thursday’s producer-price index reports, “set the stage” for a 25-basis-point rate cut next week, Michael Armbruster, co-founder and managing partner at Altavest, told MarketWatch.

“Just because Gold is at a new record high does not mean it can’t go a lot higher,” he said, adding that U.S. government spending is “off the charts, with no sign of slowing down.”

Stocks May See a 7%-10% PullbackTom Lee, managing partner and head of research at Fundstrat Global Advisors, told CNBC’s...
09/09/2024

Stocks May See a 7%-10% Pullback

Tom Lee, managing partner and head of research at Fundstrat Global Advisors, told CNBC’s “Squawk Box” that he thinks stocks will experience a 7% to 10% drawdown over the next two months.

“There’re probably more growth worries in people’s minds these days, so the jobs reports and [jobless] claims seem to have more market reaction."

"I think that’s going to be the case in September as well,” Lee said in an interview on Tuesday morning (9-3-2024).

Jerome Powell Assists Rally as Gold Prices Are Set to RiseLower yields and weaker Dollar seen aiding prices.Gold’s recor...
08/30/2024

Jerome Powell Assists Rally as Gold Prices Are Set to Rise

Lower yields and weaker Dollar seen aiding prices.

Gold’s record-setting rally above $2,500 an ounce looks to have further to run as the Federal Reserve prepares to chop rates, traditional drivers such as lower yields return, and Western investors pile back in.

The Gold story is rock-solid. Rate cuts are in front of us.

Emerging market central banks are continuing to buy as they diversify their holdings out of Dollar-denominated assets.
There is also continued strong Gold demand from China as a substitute for investing in the property market.

New Samsung EV Battery Technology Good For SilverAmid all the volatility of recent weeks, one market has proved relative...
08/24/2024

New Samsung EV Battery Technology Good For Silver

Amid all the volatility of recent weeks, one market has proved relatively strong: Gold has trundled higher to fresh records, popping above $2,500 an ounce for the first time.

Silver seems to be tracking the bigger bullion, but the grey metal has notably failed to follow Gold’s record-setting, trading currently around $29.40 an ounce.

Samsung’s new solid-state battery technology, which incorporates a silver-carbon (AG-C) composite layer, should deliver a big boost in demand for Silver.

The key drivers that will ramp up demand for EVs are range, charge time, battery life and safety.
The Samsung technology could possibly deliver a battery with a 600-mile range, a 20-year lifespan and a nine-minute charge.

Still, what the Samsung technology does suggest is that the Silver market will get still tighter, allowing the price of Silver to take a run at its all time, inflation adjusted high of $200/oz, which would likely be seen in the coming 10-15 years.

Powell Says "Time Has Come" for Fed to Cut Interest RatesThe Federal Reserve is prepared to start cutting its key intere...
08/24/2024

Powell Says "Time Has Come" for Fed to Cut Interest Rates

The Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday (8-23-2024).

Making clear his intention to prevent further cooling in the labor market, Powell did not say when rate cuts would begin or how large they might be, but the Fed is widely expected to announce a modest quarter-point cut in its benchmark rate when it meets in mid-September (2024).

“The time has come for policy to adjust,” Powell said Friday (8-23-2024) in the text of a speech at the Kansas City’s Fed’s annual conference in Jackson Hole, Wyoming. “The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook and the balance of risks.”

U.S. Payrolls Marked Down by the Most Since 2009An early revision showed 818,000 fewer jobs in year through March (2024)...
08/22/2024

U.S. Payrolls Marked Down by the Most Since 2009

An early revision showed 818,000 fewer jobs in year through March (2024).

U.S. job growth was probably far less robust in the year through March (2024) than previously reported, keeping pressure on the Federal Reserve to cut interest rates next month.

The number of workers on payrolls will likely be revised down by 818,000 for the 12 months through March (2024) — or around 68,000 less each month — according to the Bureau of Labor Statistics’ preliminary benchmark revision.

It was the largest downward revision since 2009.

While economists largely anticipated a decline, some predicted a loss of up to 1 million jobs.
The final figures are due early next year.

Global Selloff Intensifies; Nasdaq Futures Slide 3%A global stock-market selloff intensified Monday (8/5/2024), with sto...
08/05/2024

Global Selloff Intensifies; Nasdaq Futures Slide 3%

A global stock-market selloff intensified Monday (8/5/2024), with stocks in Asia and Europe selling off and Nasdaq-100 futures falling more than 3%.

Around the world, investors rushed to the safety of Gold, as well as for the safety of the bond market, sending yields lower.

Fear is starting to take hold, as concerns mount that the Fed may not be acting quickly enough to keep America’s job market in good shape.

Those fears extended globally, with Japan’s Nikkei Stock Average plunging 12.4% on Monday (8/5/2024), which is the biggest single-day percentage drop in the Nikkei since it fell 14.9% on Oct. 20, 1987, after the “Black Monday” crash on Wall Street.

The Historical Lifespan of Dominant World Currencies
07/05/2024

The Historical Lifespan of Dominant World Currencies

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