Welcome, my son. Welcome to the inflationary machine. Welcome to the new economic regime of elevated inflation. That’s official because even central bankers have finally admitted what I’ve been saying for a long time: the current high...
During the holiday week, not much happens in the marketplace. Investors focus on two things right now: whether Democrats will be able to pass Biden’s spending bill in the face of Senator Joe Manchin’s opposition, and whether the...
Who are you, Mr. Powell: a reptilian or a human? A dove or a hawk? Since we all know the answer to the first question, let’s focus on the second one. Markets decided that Powell’s last press conference was rather dovish, but a careful...
First a pandemic, then inflation, and now an energy crisis. Should you buy gold when preparing for the winter?
The Fed begins to get up steam and has finally turned its hawkish mode on. Was it something the gold bulls wanted to hear?
“Woe to you, oh earth and sea, for the Devil sends the beast with wrath, because he knows the time is short (...). Let him that hath understanding count the number of the beast,” says the Bible. The current number of the beast is not 6.66...
“Do you love me?”, asked gold. “Of course, my dear”, replied Jay, but his thoughts were with others: asset purchases tapering and interest rate hikes.
I have good and bad news. The good is that the price of gold rose 2% in November. The bad –is that the price of gold rose 2% in November. It depends on the perspective we adopt. Given all the hawkish signals sent by the Fed and all the...
Nonfarm payrolls disappointed in November. As the chart below shows, the US labor market added only 210,000 jobs last month. This number is much lower than both October’s figure (546,000 gains) and the market expectations (MarketWatch’s...
The hawkish revolution continues. Powell, among the screams of monetary doves, suggested this week that tapering could be accelerated in December!