Markets Suddenly Hear Hawkish Fed: Stocks Sag, ARKK Plunges, Yields Jump, Cryptos (the New Hedge Against Inflation) Fail to Hedge, Plunge in Sync

Markets Suddenly Hear Hawkish Fed: Stocks Sag, ARKK Plunges, Yields Jump, Cryptos (the New Hedge Against Inflation) Fail to Hedge, Plunge in Sync

Quantitative Tightening coming sooner, faster, and bigger, according to the Fed’s minutes today. By Wolf Richter for WOLF STREET. Markets were blissfully asleep late last year, and particularly in December, when the Fed became hawkish and made clear that it would move much faster than previously expected, and that there would be more rate hikes sooner, and that the balance sheet runoff – Quantitative Tightening – was already […]

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Supermarkets Shelves Bare in Sydney as Covid Isolates Staff

(Bloomberg) — Sydneysiders are facing empty shelves at some supermarkets as exploding coronavirus cases force a range of staff from truck drivers to warehouse workers into isolation. Most Read from Bloomberg Woolworths Group Ltd., Australia’s biggest supermarket operator, said some store deliveries are being delayed, while rival Coles Group Ltd. said growing numbers of staff are isolating because of household exposure to the virus. A […]

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End of Easy Money: Monstrous Money-Printer Bank of Japan Stops Printing Money, Cuts Government Securities Below July 2020 Level

End of Easy Money: Monstrous Money-Printer Bank of Japan Stops Printing Money, Cuts Government Securities Below July 2020 Level

Its much-hyped but minuscule stock ETF holdings are on ice too. By Wolf Richter for WOLF STREET. The Bank of Japan – which engaged in QE for longer than any other central bank and leaped into monstrous QE when its new national economic religion of Abenomics took effect in early 2013 – began tapering QE in late 2020, and ended QE altogether in May 2021. Since February 2021, […]

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The Best Reporters Were Banned For Revealing THIS…

[embedded content] Join Mike Maloney and Adam Taggart as they report on some very serious circumstances regarding censorship and freedom itself. You’ll see the news article from two of Mike’s favorite investigative reporters that has been completely buried by the ‘mainstream’ media, along with our regular Chart of the Day and Viewer Feedback. At 28 minutes long, this is a bumper episode jam-packed with data. […]

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Workers See Their New Power, Quit in Record Numbers to Get Better Jobs at Companies Struggling to Fill 10.6 Million Openings

Workers See Their New Power, Quit in Record Numbers to Get Better Jobs at Companies Struggling to Fill 10.6 Million Openings

Workers come out ahead, a phenomenon not seen in many decades, as desperate employers poach workers from each other amid widespread labor shortages. By Wolf Richter for WOLF STREET. The number of workers who quit jobs to work for another company, or to stay home and fix up the house or take care of the kids or who feel like they don’t have to work anymore after booking […]

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5-Year Treasury Yield Highest Since Fed COVID Intervention (Gold, Bitcoin, Ethereum Rise)

Treasury yields rose a second day, with five-year rates hitting the highest since before the pandemic took hold in the U.S., amid increasing conviction that the Federal Reserve will raise rates at least three times beginning in May. The five-year Treasury note’s yield climbed as much as 3.8 basis points to 1.392%, the highest since Feb. 20, 2020, while 30-year yields bumped up toward their […]

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Goldshore Looks To Bring Moss Lake Project Closer To Tier One Status As Drilling Continues Into 2022

Goldshore looks to bring Moss Lake project closer to “Tier One” status as drilling continues into 2022

2022.01.04 2021 marks the inaugural year for Canadian gold developer Goldshore Resources Inc. (TSXV: GSHR) (OTC: GSHRF) (FRA: 8X00). In January, Goldshore, then a private company, signed a deal with Wesdome Gold Mines Ltd. to acquire 100% of the Moss Lake project in Ontario. It later went public following a reverse takeover by the company formerly known as Sierra Madre Developments Inc. At the time […]

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Gold Was the Best Performing Precious Metal for 2021: Frank Holmes

http://www.usfunds.com/ Frank Holmes is the CEO and chief investment officer of U.S. Global Investors. Mr. Holmes purchased a controlling interest in U.S. Global Investors in 1989 and became the firm’s chief investment officer in 1999. In 2006, Mr. Holmes was selected mining fund manager of the year by the Mining Journal, and in 2011 he was named a U.S. Metals and Mining “TopGun” by Brendan […]

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Status of the Office Glut in Houston, San Francisco, Manhattan, Los Angeles, Chicago, Washington DC, Seattle

Status of the Office Glut in Houston, San Francisco, Manhattan, Los Angeles, Chicago, Washington DC, Seattle

Companies adjust their office footprint to working from home. By Wolf Richter for WOLF STREET. Houston’s office market got into trouble back in 2015 when an office construction boom collided with the oil bust that forced the whole industry to cut spending via downsizing and layoffs. Office vacancy rates began to explode. And then the pandemic’s working-from-home made it even worse. Now, over 30% of the total office […]

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Pampa Metals Rounds Off Successful First Year With At Least Two Potential Deep Porphyry Copper Systems Identified

Pampa Metals rounds off successful first year with at least two potential deep porphyry copper systems identified

2022.01.03 Global consumption of copper, an essential ingredient in modern society and one of the key metals anchoring the clean energy transition, is about to rise to levels we have never seen before. Demand for the industrial metal used in our telecommunication and transportation systems currently stands at about 20 million tonnes (Mt) a year, which is more or less equal to last year’s mine […]

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What I See for 2022: Interest Rates, Mortgage Rates, Real Estate, Stocks & Other Assets as Central Banks Face Raging Inflation

What I See for 2022: Interest Rates, Mortgage Rates, Real Estate, Stocks & Other Assets as Central Banks Face Raging Inflation

An extra-special cocktail of three powerful ingredients with no cherry on top awaits us in 2022. By Wolf Richter for WOLF STREET. Super-inflated asset prices such as housing, stocks, and bonds; massive inflation; and central banks that have started to react. Many central banks have started pushing up interest rates; others have ended asset purchases. And Quantitative Tightening (QT) – central banks shedding assets – is on the […]

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Silver and Gold: The Road Ahead in 2022

The year 2021 was a challenging one and a disappointing year for profit-seeking precious metal investors. and have churned through a relatively difficult year. COMEX gold began 2021 at $1906. As of now it’s trading at $1790. That’s a drop of $116 or about 6%. COMEX silver is even worse. After beginning the year at $26.50, it’s currently trading near $22.50 for a loss of […]

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Roogold Backed By Renowned Geologist Dr Quinton Hennigh Is A Player To Watch In Australia S Gold Mining Space

RooGold, backed by renowned geologist Dr. Quinton Hennigh, is a player to watch in Australia’s gold mining space

2021.12.31 Australia has long been known as a mining powerhouse, home to world-class geologists, accessible projects and excellent infrastructure. Australia’s mining history traces back to the 1840s, with its first discovery of silver and then copper in Southern Australia. Gold was later found in 1851 near Bathurst, New South Wales, and was followed up by more discoveries in Victoria. The series of gold rushes that […]

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Fed Drains $1.9 Trillion in Liquidity from Market via Overnight Reverse Repos

Fed Drains $1.9 Trillion in Liquidity from Market via Overnight Reverse Repos

Banks unloaded cash today for quarter-end window dressing. Money markets funds are biggest counterparties, Fidelity, Vanguard, Blackrock on top. By Wolf Richter for WOLF STREET. The New York Fed disclosed today that its overnight reverse repos (RRPs) spiked by $208 billion from yesterday, to a record $1.904 trillion. With these RRPs, the Fed took in $1.9 trillion in cash from 103 counterparties, and in exchange handed out Treasury […]

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Pipe Dreams And Ponzi Schemes

Pipe Dreams and Ponzi Schemes

2021.12.29 CRESCAT CAPITAL Normally, as part of the creative destruction process in economic downturns, the financial system gets purged of excesses. In the subsequent recovery, the health of the economy is restored in a natural way as new leadership arises from sectors and industries that are inherently different from those of the prior expansion. In the wake of some of the biggest profligacies, the disorderly […]

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Another Stunning OCC Report for Silver

The new quarterly derivatives report from the Office of the Comptroller of the Currency, part of the US Treasury Department, was released earlier this past week covering Over-The-Counter (OTC) derivatives positions of US banks, for positions held as of September 30. Some background data on this report. Always excluded are derivatives positions held by US banks on listed exchanges, so futures contract positioning on the […]

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Renewable Energy Will Not Replace Fossil Fuels And Nuclear

Renewable energy will not replace fossil fuels and nuclear

2021.12.22 An especially cold fall and an even colder blast of winter on the way has many pondering why Europe’s switch to renewable energy has been a flop. Shutting down coal-fired power plants that provided cheap electricity when renewables can’t do the job, and every country chasing natural gas at the same time, has caused natural gas prices to soar, causing a continent-wide energy crisis. […]

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The Problem With Ponzis…

The Problem With Ponzis…

The stock market’s whole Ponzi Sector is melting down – just look at the ARK Innovation ETF, a well-curated basket of the largest listed Ponzi Schemes. By Harris “Kuppy” Kupperman, founder of Praetorian Capital, Adventures in Capitalism: Over the past few years, I’ve been highly critical of the Ponzi Sector. This is a whole grouping of companies that has no ability or desire to ever […]

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Oops, Americans’ Big Pay Increases Got Run Over by Even Bigger Price Increases

Oops, Americans’ Big Pay Increases Got Run Over by Even Bigger Price Increases

Thank you, hallelujah, for the extra money, finally. But where did it go? By Wolf Richter for WOLF STREET. The personal income of Americans from all sources – from wages, salaries, interest, dividends, rental income, unemployment compensation, stimulus checks, Social Security benefits, etc. – jumped by 0.4% in November from October, by 7.4% from a year ago, and by 11.7% from two years ago, according to the Bureau […]

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Dolly Varden S 2021 Drilling Confirms Silver Resource Expansion Potential Plus New Copper Gold System Identified

Dolly Varden’s 2021 drilling confirms silver resource expansion potential, plus new copper-gold system identified

2021.12.23 For those who have been tracking Dolly Varden Silver Corp. (TSXV: DV) (OTC:DOLLF) and its flagship property in the Golden Triangle of northwestern British Columbia, it should come as no surprise that the company’s latest update has further strengthened our belief that there is a large silver district emerging in this prolific part of the province. This week, DV announced encouraging results from this […]

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