Largest Ever 6-Month Decline in Price Explains the New Home Buying Surge
The median price of a new home plunged at the fastest rate six-month rate ever in April. The price rose a bit in May. Median...
Daily Gold Market Report | Today’s top gold news and opinion
Gold pushes toward $1900 as recession worries fadeCity Index: Market ‘technically driven with bears booking profits’ (USAGOLD – 6/28/2023) – Gold continued to push toward...
Chinese and Mexican Mines Are Running Out of Silver
June 28, 2023 by Michael Maharrey 0 0 Silver demand set a record in every category in 2022 and is expected to continue growing. Meanwhile, silver production flatlined. Record...
Investors overly optimistic on speed, cost of taming inflation, says IMF
SINTRA, Portugal, June 26 (Reuters) – The world’s top central banks may need longer to get inflation back down to target and a fresh bout...
Gold production up an anemic 1% in 2022
World Gold Council/Krishan Gopaul/6-23-2023 “According to Metals Focus’ latest estimate, global gold production in 2022 was 3,628t. This is 1% higher y/y.…The latest country-level data...
Banks Face Growing Capital Scrutiny With Stress Tests Up First
(Bloomberg) — The Federal Reserve’s stress test is usually the most dreaded part of Wall Street firms’ annual capital planning. This year, it’s just the...
Fed Will Pay High Price to Bring Down Inflation. Investors Should Take Note.
AFP via Getty Images Text size Central bankers from around the world are gathering in Sintra, Portugal this week to discuss the state of the...
ECB staff preparing for new era of tighter money, sources say
* Staff meets in Helsinki to discuss new framework * Some favour not remunerating mandatory reserves * Several options for changing corridor * Floor system...
Freedom IS the Greater Good, Beware CBDCs
“If you give them an inch, they’ll take a mile. But they will take that mile inch by inch so that you don’t notice. Every...
US Home Prices Surged In April; All 20 Cities See Gains As Rates Dipped
Having bounced (unexpectedly) in March (the most recent data), Case-Shiller’s 20-City Composite home price index was expected to continue bouncing in April (+0.4% MoM exp)...