Goodbye, Powell! Amid domestic and global uncertainties, Kevin Warsh officially took over the Fed on May 22. He said at his inauguration ceremony that he would “lead a reform-focused Fed” and emphasized his commitment to taming inflation. Today, with oil prices still hovering around $100, Warsh faces huge challenges. The whole market is watching how…
Tag: gold
Kevin Warsh Hearing: Is the Fed About to Change?
Every trader lives under the same sky. That sky is the Federal Reserve. In about half a month, Jerome Powell will step down. The likely successor is Kevin Warsh. Young, ambitious, and ready to make a mark. As the saying goes, a new leader brings new changes. And Warsh is not holding back. He is…
How Will the US-Iran War End, and What’s Next for Markets?
Markets finally got some good news. Stocks, gold, and silver are rallying because both the U.S. and Iran are showing signs of easing tensions. Trump said he may withdraw troops within “two to three weeks,” claiming that “the objective has been achieved.” Meanwhile, Iranian President Pezeshkian stated that they have a “genuine willingness to end…
Lessons from History: Stagflation in the 1970s
The conflict between the U.S. and Iran is escalating, with no sign of easing. Iran has once again proven to be a “tough nut” in the Middle East, far from easy to break. Iran’s real weapons are not jets or tanks. They are the economy, the Strait of Hormuz, energy, and inflation. In recent months,…
Is the Bull Market of Gold Over?
Gold has risen 20% in just two weeks, but last Friday it fell by 11.4%, its worst single-day drop in nearly 50 years. Though it has rebounded this week, the bull seemed weak. Is the bull market of gold over? 1. Why Did the Gold Price Keep Rising? Many people know that the gold price…
Will Gold End US Dollar Dominance?
Gold had quietly gone over $5,600 on Thursday, though a correction inevitably occurred and the price fell below $4,900. However, the trend in gold has not been reversed. This hard currency, the strongest in the history of human trade, has been incredibly strong these years. People once dismissed gold as a “non-interest-bearing asset not worth…