Peter Schiff: Philly Fed survey plunges to -16.4; rising costs, falling revenues signal stagflation. Jim Bianco: If bonds lose faith in the Fed, yields will surge.

The December Philly Fed Manufacturing survey was another disaster, collapsing from -5.5 to -16.4, versus an expected rise to +2.8. This is the weakest level of the year. More problematic, prices paid jumped while prices received fell. All signs point …

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Gold prices near $2,500/oz might become a floor…. Chinese gold buyers are back… for the first time in a while the Fed’s balance sheet is now expanding

#GOLD price just started to inhaling the negative tendance in US employment, which will probably induce more aggressivity of FED on rate cut. https://t.co/Bayd8BMOQj — constantin savin (@savinfamily) August 21, 2024 Chinese gold buyers are back… China issues new gold …

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