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More Americans are falling behind on credit card bills

Credit card delinquencies rose in the first three months of the year. According to the Federal Reserve Bank of New York, almost 1 in 5 card users is "maxed out," using at least 90% of their credit limit. More Americans are falling behind on their credit card bills.   About 8.9% of credit card balances [...] READ MORE

Gold climbs as cooling US inflation bolsters Fed rate cut bets

Summary U.S. CPI increased less than expected in April Dollar at its lowest in over a month Palladium up 3%   Gold climbed to near one-month high on Wednesday, aided by a weaker dollar and lower Treasury yields after data showed U.S. consumer prices rose less than expected in April, boosting chances of the Federal [...] READ MORE

CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago

KEY POINTS The CPI report showed an increase of 0.3% from March, the Labor Department’s Bureau of Labor Statistics reported Wednesday. Inflation eased slightly in April, providing some relief for consumers. On a 12-month basis, however, the CPI increased 3.4%, in line with expectations. Core inflation was at 3.6%, the lowest reading ex-food and energy [...] READ MORE

Copper Short Squeeze in NY Prompts Rush to Send Metal to US

Copper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in other regions to US shores.   The sudden surge — which has seen Comex futures jump by more than 7% this week — has left metal for July delivery to the New York [...] READ MORE

Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady

KEY POINTS   Fed Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected, likely keeping interest rates elevated for an extended period. “We did not expect this to be a smooth road. But these [inflation readings] were higher than I think anybody expected,” Powell said in Amsterdam. “What that has told [...] READ MORE

How much gold does the UK own, and how does it compare?

futurewalk Gold has long been viewed as the ultimate financial asset, and never more so than during times of uncertainty and financial crisis. While we no longer use the "gold standard" to determine the value of currencies, the precious metal is still incredibly useful. It's held by many central banks due to its immunity to [...] READ MORE

The US dollar has become so weaponized that central banks are snapping up politically-neutral gold

Gold prices are reaching record highs because of strong buying by central banks. Central banks in countries aligned with China are diversifying their assets from the US dollar into gold. Central banks are favoring gold as a politically neutral, safe asset, insulated from sanctions.   Gold prices are on a tear recently thanks to strong [...] READ MORE

The Rothschild Family, the Masterminds of Central Banking, Just Bought Bitcoin

Time for some pure price study. It is easy to get lost and confused in all of the other indicators we could be looking at. Let's exercise Occam's Razor today: the explanation that posits fewer variables is preferred to one that posits more.   Bitcoin is in a clear bull flag, a bullish pattern for [...] READ MORE

China Megabanks Kick Off $8.3 Billion Loss-Absorbing Bond Sales

Two of China’s biggest state banks will sell a combined 60 billion yuan ($8.3 billion) of total loss-absorbing capacity bonds starting this week, the first such debt sales by Chinese lenders in a drive to replenish capital and support growth of the world’s No. 2 economy.   Industrial & Commercial Bank of China Ltd. is [...] READ MORE