I've Seen Enough, the US is in Recession Now, Q&A on Why

Jul 20, 2022

Dot Plot of GDP Outlook from latest FOMC material. Recession QA Q: Doesn't it take two consecutive quarters of negative GDP to start a recession? A: The NBER, the official arbiter of GDP, has no such requirement. Instead it looks at a variety of conditions.  The Pandemic recession did not even have a full quarter of negative GDP. It had two months of recession.  Two consecutive quarters of declining real final sales (not just declining GDP), is a sufficient condition ...read more

Metals Stocks: Gold heads for fourth straight day of declines as aggressive Fed diminishes metal’s luster

Jul 20, 2022

Gold futures settled lower for a fourth day in a row on Thursday as expectations for aggressive action by the Federal Reserve diminished the precious metal’s luster, sending prices down by more than 2% for the month to their lowest finish since February. Silver prices also softened, down a third straight day and ending the month with a loss. Price action Gold futures GCQ22, +0.31% GC00, +0.31% for August delivery lost $10.20, or 0.6%, to settle at $1,807.30 per ounce, the lowest most-a ...read more

(VIDEO) Fed Projections Say Economy in for a Hard Landing

Jul 20, 2022

Augusta cannot guarantee, and makes no representation, that any metals purchased by a customer will appreciate at all or appreciate sufficiently to make a profit, and there is no certainty that any metals can be sold for a profit. The future value of the coins you purchase cannot be predicted. You could lose money. Don't purchase Augusta products with money you can't afford to lose. Prices may rise and fall over time or rapidly. Past performance of any coin does not guarantee future results. Pr ...read more

Inflation psychology - Reuters

Jul 1, 2022

A person wearing a backpack with the slogan "SAVE OUR OCEANS", looks at food goods in a shop as UK inflation heads towards 10% in London, Britain, June 16, 2022. REUTERS/Kevin Coombs Register now for FREE unlimited access to Reuters.com A look at the day ahead in markets from Sujata Rao. Rail strikes, the biggest in three decades, are thinning out office districts across Britain this week. Other professional groups, from barristers to postmen, also plan to hit the barricades in coming wee ...read more

G-7 Agrees to Cap the Price of Russian Oil Using a Buyer's Cartel

Jul 20, 2022

G-7 meeting in Germany via the Wall Street Journal The WSJ reports G-7 Nears Agreement on Exploring New Sanction Capping Russian Oil Price The Group of Seven club of wealthy democracies is inching toward an agreement on expanding its sanctions against Russia by looking for a mechanism to cap the purchase price of Russian oil, officials said, but the details are still being worked out. The details of the oil purchase price cap, which would create a buyers’ cartel of Weste ...read more

Metals Stocks: Gold rises as European inflation data undermines dollar

Jun 30, 2022

Gold futures ended lower on Wednesday, with strength in the U.S. dollar contributing to a fall in prices for the precious metal to their lowest in more than two weeks. Silver, meanwhile, also declined, with prices marking their lowest finish in almost a year. Price action Gold for August GC00, -0.59% GCQ22, -0.59% delivery fell $3.70, or 0.2%, to settle at $1,817.50 per ounce. That was the lowest most-active contract finish since June 14, FactSet data show. Silver futures SIU22, -2.47% ...read more