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Trump is up front about being a phony and isn't out there pumping metals. He's not responsible. While the banks might be screwing me I was brought up not to screw them. Kurosawa is full of shit plain and simple.Sounds like he's following in Trump's footsteps... he did the same thing!
When the December jobs report is released Friday morning, markets will be looking for a number that hits a sweet spot between not so robust as to trigger more interest rate hikes and not so slow as to raise worries about the economy.
In market jargon, that quest for the middle is sometimes referred to as a “Goldilocks” number — not too hot, not too cold — that can be difficult to find.
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It's a comfort knowing these 'numbers' released by government are honest and true....
... moments ago the BLS reported that in December the US added a whopping 216K jobs, smashing estimates of 175K and coming above almost all Wall Street estimates.
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Friday’s earlier selloff of Treasurys was suddenly interrupted by a weaker-than-expected report from the Institute for Supply Management, which triggered a round of buying and sent the benchmark 10-year yield back below 4%.
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Data released on Friday showed that the U.S. economy stumbled at the end of last year, based on ISM’s survey of business conditions at service-oriented companies. The survey dropped to 50.6% in December from 52.7% in the prior month. While still above the 50% threshold that’s seen as positive for the economy, it came in below the 52.5% level expected by economists polled by The Wall Street Journal.
ISM’s data was enough to reverse sentiment in the bond market and overshadow an unexpectedly hot jobs report. ...
You heard it here first folks…
Could Gold Hit $5000 in 2024? Mike Maloney & Alan Hibbard
Buy the Lie. Sell the revisions.As if we didn't already know
Another handjob this one on the other side of the fence. Gold to $800 like Oliver's Silver to $200.
The global economy is on course to record its worst half decade of growth in 30 years, according to the World Bank.
Global growth is forecast to slow for the third year in a row in 2024, dipping to 2.4% from 2.6% in 2023, the organization said in its latest "Global Economic Prospects" report released Tuesday.
Growth is then expected to rise marginally to 2.7% in 2025, though acceleration over the five-year period will remain almost three-quarters of a percentage point below the average rate of the 2010s.
And despite the global economy proving resilient in the face of recessionary risks in 2023, increased geopolitical tensions will present fresh near-term challenges, the organization said, leaving most economies set to grow more slowly in 2024 and 2025 than they did in the previous decade
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Shhhh, we don't want to alarm the plebes....Not included in the World Bank forecast is the possibility of a widespread banking crisis.
Not included in the World Bank forecast is the possibility of a widespread banking crisis.
Nope. I'm starting to think we should have kept Louky. Atleast he was fairly regular, even if he was brash.
Headline Consumer Price Inflation printed hotter than expected in December, +0.3% MoM vs +0.2% exp and +0.1% prior, pushing the YoY headline CPI up to +3.4% (from +3.1% prior and hotter than the +3.2% exp).
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More problematically for The Fed (and the rate-cut 'hypers'), is the fact that Core CPI Services Ex-Shelter (SuperCore) rose 0.4% MoM, upticking the YoY rise to +4.09%...
This is a category that Fed Chair Jerome Powell and other policymakers have highlighted as a focus.
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Very unfair characterization of a long time poster.Pretty sure he left on his own. He had Pump and Dumper written all over his stuff and probably didn't like being called out.
US equity futures were steady on Monday as investors were displeased by hawkish comments from ECB's Holzmann , who said there may not be any rate cuts this year which pushed European stocks to session lows, while also bracing for more earnings later this week. ...
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