Federal Reserve Chairman Jerome Powell recently announced that the Fed is abandoning "inflation targeting" where the Fed aims to maintain a price inflation rate of up to two percent. Instead, the Fed will allow inflation to remain above two percent to balance out periods of lower inflation. Powell's announcement is not a radical shift in policy. It is an acknowledgment that the Fed is unlikely to...Read More

For the last few months, the firms of Warren Buffett (Berkshire Hathaway) & Ray Dalio (Bridgewater Associates) have been changing their investment strategies towards more inflation hedges. Buffett has recently increased exposure to energy companies and even a gold miner, Barrick Gold, along with his Japanese company investments that also have mining exposure."It is pretty obvious that with interes...Read More

"What happened in the embassy was weird."Continue...Read More

What's it like getting censored on YouTube? As a content creator, you might be wondering if freedom of speech is right for you. You'll see what it's like having the constitutional amendment called community guidelines trump the constitutional right called freedom of speech.Read More

We have never heard more gibberish, double talk, and lies from one podium than we have from Fed Chairman Powell. There is no other way to say it: The Fed has become a dangerous rogue Continue...Read More

Even though the situation may look hopeless at first, I'm filled with hope. The past is gone, the future is here. Our opportunity now is to reclaim our lives and to make of them what we will.Continue...Read More

These Democratic state governors have been so draconian in suppressing their economies for political purposes. Then they have the audacity to turn around and raise taxes to cover theContinue...Read More

There is no evidence the Fed's "new policy" tool will create inflation, lead to stronger economic growth, or generate better economic equality.Continue...Read More

One would think this would have major repercussions within the organization. But Harrell was not warned or reprimanded by the NBA for his statements.Continue...Read More

A new study out of Princeton University reveals that 48 out of the 50 largest cities in the United States have experienced riots Continue...Read More

The share of young adults living with their parents broke out to new highs. The previous record was set at 48% in 1940, according to Pew data, which was one year into World War II. Continue...Read More

Hope you have all had good August holidays despite the fast materialising Covid-19 second peaks across the world with the United States leading the way by galloping ahead of the rest. Though much of Europe has also taken it's eye off the ball and is fast seeing it's 2nd peaks materialising with the UK managing to fair better largely due to intelligence of it's citizens rather than any actions from...Read More

Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.The Labor Day holiday in the United States meant that three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday, with trading volumes thin. LME nickel futures showed the biggest losses over the afternoon.In Asia, Vietnamese buyers remaine...Read More

Those in favor of Judy Shelton’s approval by Congress, pursuant to her nomination to the Federal Reserve Board Of Governors, should not be surprised by the torrent of criticism directed at her.A letter published and signed by former Federal Reserve officials and staffers called on the Senate to reject her nomination, stating that “Ms. Shelton’s views are so extreme and ill-consid...Read More

Indian authorities have decided to slash export rebates, in a move which market participants expect will raise prices for steel shipped out of the South Asian nation, Fastmarkets understands.An Indian steel trader told Fastmarkets that a final decision on the matter was still under discussion, but he expected that the rebate he received on steel exports would be cut from a current 2.5-3% per trans...Read More

Peter Krauth discusses the Fed's inflation target and what that means for gold.Make no mistake, higher gold prices are coming.By pulling yet another arrow from its quiver, the Fed's just helped move us closer that target.The Fed wants inflation, so it's going to get it. Problem is, we the people, will have to live with it.Fed Chair Jerome Powell told us last week they will let inflation run higher...Read More

Member mills of the China Iron & Steel Association (Cisa) largely kept their crude steel production rates unchanged in late August from the preceding 10 days, but their finished steel inventories continued to drop, according to data released on Thursday September 3.August 21-31 outputCrude steel: 2.16 million tonnes per day, down by 0.04%Finished steel: 2.19 million tpd, up...Read More

According to the WGC, the latest leg of gold’s 2020 bull run has come too fast, but gold has still potential for further upside. The World Gold Council has recently published a few interesting reports. Let’s analyze them and draw important conclusions for the precious metals investors! I’ll start with the July Investment Update: “Gold hits record high: sprint or marathon?&r...Read More

August 13, the Market Oracle  publishes my article on Gold, Silver, the Black Rock and the Twins. I claim something is going on that can’t be explained without knowing what happened in 2015 that changed the precious metals and mankind’s destiny.I am still waiting to see if Silver tests the $21 resistance but what happened yesterday (August 11) and the next day is perplexing. Augus...Read More

Here are five Fastmarkets stories you might have missed on Monday September 7 that are worth another look.The Labor Day holiday in the United States meant that three-month base metals prices on the London Metal Exchange were little changed at the close of trading on Monday, with trading volumes thin. LME nickel futures showed the biggest losses over the afternoon.In Asia, Vietnamese buyers remaine...Read More