180 Articles 1 Followers
22 Mar 2023 2 minute read 0 comments SweptOverNiagara
And there you have it! The FED just announced that key lending rates are going up to 4.75 to 5%. On top of that, they will continue with their quantitative tightening by offloading mortgage backed securities and treasuries. There was intense scrutiny...
21 Mar 2023 3 minute read 2 comments SweptOverNiagara
Canada's central bank led the charge in March, 2022 with its first of many successive rate hikes right up to January of this year bringing their key lending rate to 4.5% from near zero a year earlier. The FED followed suit a month later and has raise...
20 Mar 2023 4 minute read 8 comments SweptOverNiagara
A deal has been pushed through at the 11th hour regarding the collapse of Credit Suisse after it was revealed that UBS would take over the troubled bank for $3 billion along with a guarantee of $8 billion francs from the Swiss government and $100 bil...
17 Mar 2023 2 minute read 5 comments SweptOverNiagara
Kitco News published an article yesterday stating that gold had touched a record high in overnight trading against the Australian dollar, peaking at $2,922.36 before dropping a bit to around $2,885 per ounce for an 8% increase so far this year. In a...
16 Mar 2023 5 minute read 3 comments SweptOverNiagara
Well known First Majestic Silver CEO Keith Nuemeyer knows what he's talking about when he stated "I'm guessing the mining sector produced something in the order of 800, maybe 825 million ounces in 2022" during a Q4 overview of his company. He has als...
14 Mar 2023 3 minute read 2 comments SweptOverNiagara
As I learn more about the regional banks that failed in the last week at opposite ends of the continental U.S.A. in California and New York, it is becoming clear that the FED's aggressive rate hikes starting last April are beginning to rear their ugl...
13 Mar 2023 4 minute read 4 comments SweptOverNiagara
You've likely already heard of the Silvergate / Silicon Valley Banks going to zero late last week. These two banks folded within two days of a massive bank run. Peter Thiel (of Paypal fame) and his Founders Fund along with Jamie Dimon, CEO of JPMorga...
12 Mar 2023 6 minute read 2 comments SweptOverNiagara
By now, you've probably heard of Silvergate and Silicon Valley Investment Bank collapsing in the last few days. SVB is the second largest bank in U.S. history to collapse, Lehman Brothers being the biggest. I've read one report that stated SVB was th...
8 Mar 2023 4 minute read 2 comments SweptOverNiagara
An article published Monday on KingWorldNews titled, 'Silver about to radically outperform gold, plus the bear market is over? Not likely' has a chart embedded in the article that should have silver investors salivating as it shows the extreme diverg...
7 Mar 2023 1 minute read 0 comments SweptOverNiagara
This just came in! The Perth Mint has been exposed for having diluted or 'doped' gold bullion it then sold to China through the Shanghai Gold Exchange (SGE) and then trying to cover it up, apparently... The SGE has strict refinery rules requiring .99...
