Federal Reserve

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Gold Appears To Have A New Bottom Near $2,040

16 Jan 2024 2 minute read 1 comment SweptOverNiagara

The average gold price going back decades reveals a startling pattern, the bottom for gold is on the rise. For the better part of two decades, between 1996 and 2006, gold averaged around $350. The massive spike to over $1,900 (May, 2011) that follows...

Starting 2024; Uneasy.

10 Jan 2024 1 minute read 0 comments OfTheFreeMarket

 The Federal reserve has decided to hold interest rates to start the year off. S&P 500, Nasdaq,Dow, and Crypto markets alike all hitting a downward trend to start the new year off. This is leaving retail investors like ourselves wondering what does 2...

Bank of England + ECB Hold Rates Steady

14 Dec 2023 3 minute read 0 comments SweptOverNiagara

Last week, the Bank of Canada announced they were holding rates steady at 5%, where it's been since September. Yesterday, the U.S. Federal Reserve also announced they too were holding rates for the third consecutive month, as with the BoC but went on...

FED Holds Rates For Third Consecutive Month

13 Dec 2023 2 minute read 0 comments SweptOverNiagara

This afternoon, the U.S. central bank, the Federal Reserve concluded its last F.O.M.C. meeting of the year. It's usually at this time when we find out what their plans are, basically. Key lending rates will stay the same as they have been before the...

Bitcoin Magazine sends the most iconic response to the Federal Reserve

4 Nov 2023 2 minute read 2 comments Kovichni

So the "Federal" Reserve is threatening to sue Bitcoin Magazine. Why? Because they are butthurt over Bitcoin Magazine's parody use of Fednow's name/logo. “The Federal Reserve recently learned that Bitcoin Magazine is selling t-shirts, hats, and other...

Federal Reserve Leaves Rates Unchanged

1 Nov 2023 2 minute read 0 comments SweptOverNiagara

Thanks for dropping by. Please subscribe if you haven't yet! This month's FOMC meeting at the FED concluded this afternoon, leaving rates untouched at 5.25 to 5.5%. According to an article on Kitco News, not much forward guidance was provided regardi...

Oil Priced In Gold Remarkably Stable Over Last 70 Years

11 Aug 2023 3 minute read 3 comments SweptOverNiagara

I read Alisdair MacLeod's latest post this morning on KingWorldNews and he makes yet another interesting case for gold, not against dollars or any other currency but against oil, particularly WTI or West Texas Intermediate. Macleod is well known for...

Oh - So Now The 2% Inflation Target Is Not Needed?

2 Jul 2023 2 minute read 5 comments davidgyoung

Here is a very recent article from the Financial Times where they push the trial balloon out of the container and into the atmosphere tenderly suggesting that the almighty gods at central banks will raise their "inflation targets": IMF Warns Central...

How Larry Fink’s Financial Empire Shaped the Woke Movement in Corporate America

16 Jun 2023 2 minute read 0 comments Night_Shade

Ever wondered why “go woke go broke” never succeeded? Why seemingly companies have been introducing toxic cultures and destroying their productivity and products? Was it to target leftist consumers? That makes no sense as they are alienating a large...

Federal Reserve Finally Pauses After Most Aggressive Rate Hike In Its History

15 Jun 2023 3 minute read 1 comment SweptOverNiagara

It's that time of the month again. Yesterday afternoon, we got word of a pause in rate increases from the Federal Reserve (which is not federal and has zero reserves). After ten hikes in a row, rates were held at 5 to 5.25% but included hawkish state...