Market Overview
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Did the Fed Forget to Start QT?
July 1, 2022 by SchiffGold 0 0 Breaking Down the Balance Sheet According to the Fed, Quantitative Tightening (QT) was set to begin in June. From Reuters: “On June...
A quarter of Americans open to taking up arms against government, poll says | Biden administration
More than one quarter of US residents feel so estranged from their government that they feel it might “soon be necessary to take up arms”...
Oil is likely to hit $200 a barrel under the disastrous G7 plan to cap Russian prices, an SEB analyst says
MarketsInsider/Harry Robertson/6-30-2022 “Oil prices are likely to surge to above $200 if the G7 implements plans to cap the price of Russian crude and products,...
Gazing Into a Hazy Crystal Ball: SchiffGold Friday Gold Wrap July 1, 2022
July 1, 2022 by SchiffGold 0 0 Federal Reserve Chairman Jerome Powell continues to insist that the economy is strong enough to withstand tighter monetary policy to fight...
Gold Keeps Its Shine for Investors as Other Precious Metals Fade
(Bloomberg) — Investors cut holdings in exchange-traded funds for silver, platinum and palladium in the second quarter on fears that a potential recession will reduce...
Notable Quotable | Today’s top gold news and opinion
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– “Really smart investors are increasingly hedging their wealth created from financial assets (stocks and shares) by putting much of their allocations into Alternatives: outright...
XAUUSD defends $1,800 and rebounds swiftly from one-and-half-month low
Gold staged a solid recovery from the $1,800 neighbourhood or its lowest level since May 16. Softer US PCE inflation data led to a modest...
Central bank chiefs call end to era of low rates and moderate inflation
Financial Times/Martin Arnold, Colby Smith and Chris Giles/6-30-2022 “They said failing to raise interest rates quickly enough could allow high inflation to become embedded and...
Powell Says Fed Must Accept Higher Recession Risk to Combat Inflation
Federal Reserve Chairman Jerome Powell said he was more concerned about the risk of failing to stamp out high inflation than about the possibility of...