Watch: Fed Chair Powell Warns “Bumpy Path” Ahead For Inflation, ‘No Hurry’ To Lower Rates
Watch: Fed Chair Powell Warns “Bumpy Path” Ahead For Inflation, ‘No Hurry’ To Lower Rates On a day when producer prices confirmed what consumer prices warned yesterday – that the inflation genie is not back in the bottle – Fed Chair Jay Powell will be interviewed by WaPo reporter Catherine Powell at the Dallas Fed, […]
Insurance Mogul Greg Lindberg Pleads Guilty To $2 Billion Fraud, Money Laundering Scheme
Insurance Mogul Greg Lindberg Pleads Guilty To $2 Billion Fraud, Money Laundering Scheme Authored by Aldgra Fredly via The Epoch Times (emphasis ours), Insurance mogul Greg Lindberg has pleaded guilty to conspiracy in a $2 billion fraud and money laundering scheme that defrauded thousands of insurance policyholders, according to the Department of Justice (DOJ). The […]
"Expect the Unexpected" Post-Election Market Moves: What It Means for Gold, Silver & Bitcoin
Dive into this insightful conversation with Mike Maloney and Alan Hibbard as they explore how the latest U.S. election might impact gold, silver
Study: Tiny Fraction of IMF Gold Could Wipe Out Debt for Dozens of Countries
A new study suggests the IMF should sell 4% of its gold reserves to provide $9.52 billion in debt relief for 86 low-income countries affected by climate disasters. This would expand the IMF’s Catastrophe Containment Relief Trust, which currently has limited funding and eligibility. The proposal aims to address the growing burden of IMF loan […]
Ron Paul: Make Money Free Again
Ron Paul: Make Money Free Again Authored by Ron Paul via The Ron Paul Institute, Two days after Donald Trump became the first American since Grover Cleveland to win nonconsecutive presidential elections, the Federal Reserve announced a quarter percent cut in interest rates. Following this announcement, Fed Chairman Jerome Powell held a press conference where […]
School Districts That Spent COVID-19 Money Hiring Now Grapple With Layoffs
School Districts That Spent COVID-19 Money Hiring Now Grapple With Layoffs authored by Aaron Gifford via The Epoch Times (emphasis ours), Around this time last year, Franklin Central School in upstate New York faced a $1.46 million budget gap and painful choices: Push for a double-digit tax increase, lay off teachers, or send high school […]
UBS Sets $2,900/oz Gold Target, Advises Buying on Dips
UBS remains bullish on gold, advising investors to buy on dips around $2,600/oz with a $2,900/oz target over the next 12 months. The bank emphasizes gold’s enduring value as a hedge against economic uncertainties and recommends a 5% allocation in balanced portfolios, citing factors such as central bank demand, potential US fiscal deficits, and ongoing […]
WGC: Unearthed: Gold responds to the Fed's rate cut, US election and China stimulus
Gold prices are responding to a perfect storm of economic and political factors. The Fed’s recent rate cut to 4.5%-4.75%, Trump’s election victory, and China’s economic stimulus measures are all influencing the precious metal’s value. In this episode of Unearthed, hosts John Reade and Joe Cavatoni discuss the latest news and events and how they […]
Gold Steadies at $2,600 Level as Markets Digest US Inflation Figures
Gold prices have stabilized around $2,600 after finding support at a major trendline, halting a short-term downtrend. The recent US CPI data, which aligned with expectations, had minimal impact on gold prices. The precious metal’s November sell-off was influenced by expectations of elevated US interest rates and significant outflows from Gold ETFs.
Russia's Golden Milestone: Reserves Surpass $200 Billion Mark
Russia’s gold reserves have hit a historic milestone, surpassing $200 billion for the first time. In October, the country’s gold holdings reached $207.7 billion, representing 32.9% of its total international reserves. This marks the highest proportion of gold in Russia’s reserves since November 1999.