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The Russian invasion of Ukraine has created significant uncertainty for the cycle outlook. The global economy was on track for strongly above-trend growth in 2022. The war in Ukraine will likely have a negative impact on growth and cause higher inflation this year, with Europe tak...
Global markets are in turmoil as the Russian invasion of Ukraine triggers nuclear fears. Inflation fears are also being triggered. Oil futures are now trading at over $110 per barrel, but that’s not the only thing surging. Grains and other agricultural commodities skyrocketed b...
The ongoing crisis in Ukraine is building a "war premium" into the price of COMEX gold, and this premium will persist for as long as the conflict continues. In our 2022 annual forecast, we discussed the trends that would prevail later this year and how these trends would drive preciou...
Russia’s invasion of Ukraine represented a particularly challenging situation for financial markets last week, after they had already weakened on anxieties about high inflation and rising interest rates. When it comes to commodities, however, Russia is a major supplier: Raw mat...
Gold fell like a lead balloon from its peak of 1980 all the way down below 1920 (178.85 GLD) and closed at 1904 (177 GLD). On a more optimistic note, Gold has been setting higher and higher lows and now has hit higher highs above 1880. Just like Gold peaked at 1980, Silver topped ...
As Russia initiates military action in Ukraine, pain at the pump is about to get even worse. Fuel costs have already been soaring due to oil and gas supply constraints coupled with broader inflationary pressures. Gold is gaining for a fourth straight week, with spot prices now up 1.2%...
On one side, rates are forced higher. This will wipe out the marginal debtor. After rates have been falling for so long, the margin may be a wide swathe of the economy. Each downtick is a greater incentive to borrow. On the other side, those who understand credit are eyeing the tighte...
Russia has recognized two separatist regions, which is causing increased tensions. The UK has issued various restrictions to banking in relation to the regions. Russia already has troops in what was Ukrainian territory, so the invasion has already begun, it is just a question of w...
Gold has broken out to the upside. Silver is lagging Gold so far. The action in both metals and miners is encouraging. For further details see: Gold Breaks Out To The Upside
Gold has broken out of a technical wedge. Silver is likely to follow. Russia/Ukraine and Canada situations present uncertainty. 7.5% year over year CPI and rates still on the floor. For further details see: Global Uncertainty Could Push Metals Higher