Mr. Slammy strikes again apparently, and maybe he has indeed. On the other hand, gold hit new record highs specifically while the money supply in the banking system continues to deflate at a record pace as well. Just imagine what gold and silver will do when the Fed starts inflating again. And when is that? …
Rafi Farber: Gold Hits New Highs With Dollar Supply Still Falling? Crazy Read More »
Silver appears to be on the verge of breaking out of a 90-year triangle formation dating back to 1933 when silver was only 25 cents an ounce. At the same time, Newmont Mining (NEM), the largest world’s largest gold miner, just saw record trading volume this month, and Newmont shares have been trading since Nixon …
It took a year and a half, but the rate-hiking cycle that began in March 2022 is finally over. Rate cuts are now being priced into Fed futures, and one bank is even predicting 275 basis points of cuts next year. But even that “extreme” prediction probably isn’t extreme enough, because the second we hit …
Rafi Farber: Rate Hikes are Over, Silver Responds Read More »
The national debt just ballooned another $100 billion in 6 days, just like the creation of the world. Arguably, the Federal government’s accomplishment in debt accumulation is even more impressive. With the Treasury announcing $1.6 trillion in new borrowing by March and only $1 trillion left in the reverse repo facility, it looks like government …
Rafi Farber: Record Gold Drain From LBMA, Silver Drains Down to Lows Read More »
Another week on the edge of war, another week on the brink of the financial abyss. Gold and silver continue to struggle as the rush for dollar liquidity heads towards a climax, with very weak megabank stocks exposing fatal flaws in the US banking system about to be revealed in all their glory. Bank of …
Rafi Farber: Bank Of America Shows US Financial System on Brink of Catastrophe Read More »
It’s getting close to pandemonium in the Middle East as the United States has just bombed Syria “in self-defense” of its armed forces, which happen to be stationed in Syria for entirely peaceful reasons. These actions apparently are “separate and distinct from the ongoing conflict between Israel and Hamas”, according the Secretary of Defense Lloyd …
Rafi Farber: US Bombs Syria as Gold Breaks $2,000, Silver Lags, Mining Stocks Baffle Read More »
#RafiFarber – Gold and Silver Break Out As Treasuries Break Down, Exter’s Pyramid Wobbles As the world teeters on the edge of all out war, gold and Treasuries head in opposite directions. Gold and silver break out, and the bond market breaks down. Interest rates on the 10Y break 5%, and there appears to be …
Rafi Farber: Gold and Silver Break Out As Treasuries Break Down, Exter’s Pyramid Wobbles Read More »
Rafi Farber Reporting from Israel, Where Two US Aircraft Carriers Converge When all else fails, take them to war. Well, it looks like all else is failing. So they’re taking us to war again. Considering the national debt has increased by over half a trillion dollars in the last three weeks, it sure seems like …
Rafi Farber: How Gold Reacts During War & Inflation Read More »
Last week, Rafi Farber suggested the end game is dead ahead. This week, he goes into more detail, focusing in on the reserve dollar tank that is draining fast and should be empty between February and April 2024. This is the only thing keeping high-interest rates from destroying the banking system. According to this calculation, …
Rafi Farber: Next and Final Financial Crisis is 4 to 7 Months Away Read More »
The bond market continues to collapse as long-term interest rates rise relentlessly, day after day. Oil is mysteriously trading together with the dollar index instead of inversely, signaling that the forex market is spinning off into its own compartmentalized reality while prices for the real stuff in the real world march higher completely independently of …