The Comex gold price is still coiling in a tight range, indicating a contraction in volatility. After a subdued trend in the early part of December, both gold and silver managed to edge up in the second half. Precious metals however lost their sheen in the year 2021 with Comex gold recording its worst yearly
Month: January 2022
Ignore the goldilocks crowd, the inflationary tidal wave is only just getting started… by Graham Summers of Gains, Pains, & Capital Ignore the goldilocks crowd, the inflationary tidal wave is only just getting started. Everyone likes to talk about inflation, but very few people actually understand it. This goes for central bankers as well as
Limit Orders vs. Stop Orders: An Overview Different types of orders allow you to be more specific about how you’d like your broker to fill your trades. When you place a limit order or stop order, you tell your broker you don’t want the market price (the current price at which a stock is trading);
Surging demand for a US Federal Reserve facility where investors stash cash overnight is set to ebb in 2022 after a record run last year, as a shortage of low-risk assets that generate positive returns eases. Investors parked record amounts of money in 2021 in the Fed’s overnight reverse repo facility where cash is exchanged
Trading of Evergrande Group shares was suspended in Hong Kong on Monday, days after Chinese media reported that the indebted property developer would be forced to demolish a residential development in the southern province of Hainan. The company, which has been at the centre of a sector-wide crisis in the country for months, disclosed in
Nonfungible tokens, or NFTs, have become one of the most discussed markets in the crypto space this year. A recent report from Cointelegraph Research found that NFT sales are aiming for a $17.7 billion record by the end of 2021. This may very well be the case, as a number of mainstream brands have begun
My previous blog documented California’s 2020 population loss, the first time that’s happened since the state was founded. Billionaire Elon Musk has moved to Texas, but the biggest worry for the state is the loss of lower and middle-income residents, likely driven by California’s high housing costs. The state must fix its housing affordability problem for a more
A person walks past a coal fired power plant in Jiayuguan, Gansu province, China, on Thursday, April 1, 2021. Qilai Shen | Bloomberg | Getty Images China’s economy appears to be bouncing from a “mini-downturn” into an upswing as the country eases policy, according to investment bank Morgan Stanley. The Asian giant had tightened its
A finance professor at the Wharton School of the University of Pennsylvania has warned about inflation and the Fed hiking rates many more times than the market expects. He also said that bitcoin has become the new gold for the millennials. Finance Professor on Bitcoin and Inflation Wharton’s finance professor Jeremy Siegel shared his outlook
WTI Crude Oil The West Texas Intermediate Crude Oil market has rallied during the course of the week as we continue to see plenty of upward pressure. That being the case, the market is likely to see buyers on dips now that the omicron variant is seemingly not going to shut down the economy. With
The Key for you to survive the Global Financial Collapse is to have Silver & Select Cryptos IN YOUR OWN POSSESSION ONLY! by Bix Weir of Road to Roota Evergrande is the Key to the Derivative Meltdown so keep an eye on it. The Key for you to survive the Global Financial Collapse is to
In the good old days, Social Security was tax-free. But times have changed, and now many taxpayers can expect to see at least a portion of their Social Security income make its way onto the taxable income line of their 1040s. People who convert their traditional IRAs to Roth IRAs often fall into this hidden
Just over a year after entering the Japanese market, Germany’s food delivery group Delivery Hero — known for its Foodpanda brand in Asia — announced it was pulling out, citing increased competition and a shortage of drivers. The divestment highlights the challenges for food delivery operators in Japan and elsewhere in Asia, where regional players
Two months after he was reinstated as prime minister of Sudan, Abdalla Hamdok resigned on Sunday in a televised speech, saying a fresh round of talks was needed with the military about a stalled transition to democracy. “I decided to give back the responsibility and announce my resignation as prime minister, and give a chance
Sharing is Caring! by Michael Snyder Welcome to 2022! Or as many on social media are saying, welcome to “2020 too”. During the waning months of 2019, I repeatedly warned that I had such a bad feeling about what 2020 would bring, and of course it turned out that all of our lives were completely
Alan is the chief legal officer at PrimeBlock, a sustainable Bitcoin mining operation, infrastructure solutions provider and member of the Bitcoin Mining Council, with locations spread across North America. “We’re going to see more countries adopting crypto as a legal currency. We’re also going to see central governments coming out and taking their own currencies
From San Diego to Santa Barbara, 2021 was a record-breaking year for luxury real estate setting the stage for 2022. Sales activity reached historic levels in 2021 as did prices throughout Southern California. Here’s a look at what’s ahead in some of the hottest local luxury markets. Greater San Diego Andy Nelson, president of Willis
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,” the apex bank claims, stressing that “cryptocurrencies pose immediate risks to customer protection and anti-money laundering (AML) / combating the financing of terrorism
If you are planning to buy gold and silver on the first day of the New Year, check today’s prices here first. In fact, Saturday means gold prices have risen, followed by 24-carat gold at Rs 49,020 and 22 carats at Rs 47,020. Silver prices have also risen by 1 kg, taking it to Rs
Contrary to the popular thinking, economic depressions are not caused by a strong decline in… by Frank Shostak via Mises In his writings, the leader of the monetarist school of thinking, Milton Friedman, blamed central bank policies for causing the Great Depression of 1930s. According to Friedman, the Federal Reserve failed to pump enough reserves into
A form of vertical integration, backward integration allows businesses to obtain control over suppliers and improve supply chain efficiency. Businesses merge with and acquire their suppliers to gain strategic advantages over competitors and lower costs. In some markets, this may create monopolies and violate antitrust laws. This strategy has many advantages for most businesses, but
A KKR logo is displayed on the floor of the New York Stock Exchange (NYSE), August 23, 2018. Brendan McDermid | Reuters Trading stocks in the capital markets in 2021 has not been an endeavor for the faint of heart. The year could be characterized by exciting events like a powerful influx of retail
Schools in England are set to move some lessons online, as widespread absences caused by the rapid spread of the Omicron coronavirus variant prompted the government to urge headteachers to adopt “more flexible” approaches to learning. In an open letter published on Sunday, education secretary Nadhim Zahawi told school leaders they should “do everything” to
Old Masters: Botticelli, Gentileschi and more One of the last privately owned masterpieces by Botticelli will go under the hammer this month in New York as part of Sotheby’s annual Masters Week sales series. Following the auction house’s record-breaking sale of the Renaissance artist’s Young Man Holding a Roundel last year, which sold for $92.2m,
Sharing is Caring! via Ed Driscoll: BLUNDERS? THESE WERE CRISES BY DESIGN: Ten Joe Biden 2021 Blunders that Killed the American Energy Renaissance. Joe Biden wasted no time after being sworn in as president in destroying the U.S energy renaissance ushered in during Donald Trump’s presidency which made the country energy independent and a net annual petroleum exporter for
Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production software development issues. Buterin started the Twitter thread by addressing his article dated Jul. 23, 2013 in which he highlighted Bitcoin’s (BTC) key benefits — internationality and censorship
West Hollywood’s newest hot spot doesn’t have a sign outside but it’s about to have lines out front. Situated above Stone Street LA, Bathtub Gin, is a speakeasy-themed bar and restaurant. This beautifully designed space truly feels like a 1920’s style old Hollywood party, but instead of seeing Charlie Chaplin, the upscale clientele is generally
The following opinion editorial is a Jacobin Podcast review written by the author Sterlin Lujan, the chief risk officer with Cryptospace. The Jacobin Podcast episode called: “Dig: Cryptocurrency w/ Edward Ongweso Jr & Jacob Silverman,” touches upon “cryptocurrency, NFTs, Elon Musk, the metaverse, meme stocks, and techno-utopianism amid the crushing reality of our neoliberal hellscape.”
As the jury debates the case against disgraced Theranos blood testing company founder Elizabeth Holmes who has been charged with wire fraud and conspiracy to commit wire fraud many are wondering why the jury still can’t decide whether she is a fraudster who intentionally misled investors or an ambitious startup executive who merely stretched the
Ahmedabad Air Cargo Complex (AACC), about 42.1 metric tonnes (MT) of gold was imported into Gujarat in 2021, up 123% against 18.8 MT in 2020 and marginally higher than 41.79 MT in 2019. Showing an even more bullish trend, silver imports stood at 319.4 MT in 2021, up sevenfold against 2020 and 1.5-fold against 2019.