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ECB Raises Rates; The Golden Ruble

The market-moving event this week: the European Central Bank decided to raise rates by 75 bp, so now deposits are yielding (are you ready?): a grand total of 0.75%. Back up the truck! Note: the ECB previously had negative rates from 2016-2022. Wolf has the charts: ECB Shocked, Shocked, to Find that Inflation is Going…

ECB Raises Rates; The Golden Ruble

PREVIEW by davefairtex

Rate Increase, Joe Popping Pills

PREVIEW

by davefairtex

I’ll lead again with my new focus: rate increases. Where are we? Last week: July 27, 92%: 2.25%-2.50% +0.75% increase Nov 2, 50%: 3.25%-3.50% +1.75% increase This week: July 27: 71%: 2.25%-2.50% +0.75% increase Nov 2: 44%: 3.25%-3.50% +1.75% increase Source Not much change. The prospects for a rate increase are similar to last week,…

Rate Increase, Joe Popping Pills

PREVIEW by davefairtex

Credit Contraction; Recession Indicators Grow

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by davefairtex

First, I have some bad news. My data provider decided to stop shipping futures data to me (it was a free service which I’ve used for over five years) – the last updated value was Thursday at end of day. So, my charts for all futures contracts in this report end on Thursday. Now, I…

Credit Contraction; Recession Indicators Grow

PREVIEW by davefairtex

Gold and Silver Guide 2022

by Chris Martenson

Chris Martenson’s practical Gold and Silver Buying Guide demystifies purchasing physical precious metals. Learn why sovereign coins are best, how to navigate premiums, and build your crisis insurance portfolio wisely.

Gold and Silver Guide 2022

by Chris Martenson

Weekly Market Update: Russia War Heats Up; America’s Doctor MIA

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by davefairtex

Well, last week I said to watch prices. This week, we saw prices explode higher, in virtually all of the commodities I track: Gold: +84.30 [+4.27%] Silver: +1.57 [+6.06%] XAU: +12.11 [+7.81%] Palladium: +626.27 [+26.97%] Crude: +21.76 [+19.22%] Copper: +0.43 [+8.76%] Lumber: +100.84 [+7.76%] USD: +2.15% EUR: -2.99% 10-year; -27 bp [to 1.70%] Risk assets…

Weekly Market Update: Russia War Heats Up; America’s Doctor MIA

PREVIEW by davefairtex

Invasion Thursday; Watch Prices

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by davefairtex

So, the invasion I thought wouldn’t happen – happened last Thursday. The press, and the Biden-Handlers were simply overjoyed with this outcome. Out with COVID, In with Invasion! Yay distraction! The timing was impeccable. If the Biden-Handlers had planned the invasion themselves, I don’t think it could have possibly been better-timed. [Totally unrelated – I…

Invasion Thursday; Watch Prices

PREVIEW by davefairtex

2021 Year in Review: Crisis of Authority and the Age of Narratives

by David Collum

Every year, friend-of-the-site David Collum writes a detailed “Year in Review” synopsis full of keen perspective and plenty of wit. This year is no exception. Poignant and delightfully acerbic when necessary, considering the troubling times. As with past years, he selected Peak Prosperity as the site where it is published in full. It is longer…

2021 Year in Review: Crisis of Authority and the Age of Narratives

by David Collum

Off The Cuff: When The Game Of Musical Chairs Ends

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by Adam Taggart

In this week’s Off The Cuff I sit down with Jeff Clark to discuss: The fallacy hedge funds are operating under The silver squeeze: what’s happening now? The status of the PM mining industry Jeff shares a mining stock he particularly likes right now Right now the market is full of investors (= speculators) who…

Off The Cuff: When The Game Of Musical Chairs Ends

PREVIEW by Adam Taggart

Off The Cuff: Defending Against Fiat Currency’s Demise

PREVIEW

by Adam Taggart

In this week’s Off The Cuff I sit down with John Rubino to discuss: Why the #silversqueeze still matters The massive remaining upside for precious metals Why the ‘Everything Bubble’ is our most complicated crisis ever Steps investors can take to defend against the demise of fiat currencies Despite #silversqueeze being little more than a…