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Gold, silver rally on inflation worries Friendly charts Gold and silver prices are solidly higher near midday Wednesday. Concerns about rising inflation are prompting buying interest in the hard asset metals. Also, the technical postures for both precious metals have turned more bullish recently. December gold futures were last up $13.80 at $1,784.20.December Comex silver was last up $0.202 at $24.10 an ounce. Global stock markets were mostly higher in overnight trading. The U.S. stock indexes are higher at midday.…

Ground Control to Chaiman Powell A soft countdown of the initiation of tapering the Federal Reserve’s $120 billion monthly expenditure has begun. The Federal Reserve began dramatically infusing liquidity and money into the capital markets beginning in 2020. The initial effect was to temper or slowed down the rate at which the recession was expanding and morphed into a technique used to aid in the economic recovery that was a direct result of the economic hardship caused by the recession.…