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GameStop collapsed 80% this week, with Express and AMC Entertainment down 48%, Vaxart 36%, and Siebert Financial 31%. Riches have been made and lost. Wealth was redistributed – and count me skeptical that the flow was from professional speculators to retail traders. February 1 – Bloomberg (Matthew Boesler): “Federal Reserve Bank of Minneapolis President Neel […]
[Yahoo/Bloomberg] Stocks Rise as Jobs Report Bolsters Stimulus Bets: Markets Wrap [Reuters] Dollar set for best week in three months as pandemic recoveries diverge [Reuters] Oil hits highest in a year on growth hopes, OPEC+ cuts [CNBC] Payrolls barely grow to start 2021 even as the unemployment rate fell to 6.3% [Yahoo/Bloomberg] House to Vote […]
This week we review the price movements of gold, silver, platinum, palladium, equities sector, US Dollar index & more. Thank you for listening to Golden Rule Radio. If you enjoy be sure to subscribe to our YouTube channel for weekly precious metals price updates and geopolitical commentary.
[Yahoo/Bloomberg] Stocks Edge Higher as Yields Rise; Dollar Gains: Markets Wraprap [Reuters] China stocks fall on fresh liquidity concerns, Hong Kong dragged by tech shares [Reuters] Dollar strengthens on U.S. economic outlook; euro dips below $1.20 [Yahoo/Bloomberg] Treasury Curve Steepens to February 2016 Levels Before Sales [Reuters] Oil on the boil, stocks and bonds toil […]
[Yahoo/Bloomberg] Global Stocks Extend Rally as Earnings Roll In: Markets Wrap [Yahoo/Bloomberg] Silver Calms as Market-Roiling Frenzy Shows Signs of Easing Off [Yahoo/Bloomberg] China Drains Funds From Banking System as Cash Crunch Eases [Reuters] U.S. private payrolls rebounded in January – ADP [CNBC] Mortgage refinancing suddenly surges, but homebuyers stall due to sticker shock [Yahoo/Bloomberg] […]
Front running is illegal – but not for everyone Are we watching Reddit disestablishmentarianism? Silver’s bigger than Gamestop – can the “short” be broken? The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick When Trading Is Free, You’re The Product February 3, 2021 The McAlvany Weekly Commentary covering monetary, economic and geopolitical news […]
[Yahoo/Bloomberg] Stocks Rally Before Tech Earnings; Silver Tumbles: Markets Wrap [Reuters] Global markets buoyant as U.S. stimulus debate approaches [Yahoo/Bloomberg] Oil Surges to One-Year High in New York as Rally Powers On [CNBC] GameStop shares fall another 40%, lose over half their value in two days [Yahoo/Bloomberg] Biden Stimulus May Be Democrat-Only Despite Cordial GOP […]
[Yahoo/Bloomberg] Global Stocks Rally; Silver Jumps to 2013 High: Markets Wrap [Reuters] Stocks bouce back as small-time traders pile into silver [CNBC] Silver jumps 11%, the most in 11 years as Reddit traders try their squeeze play with the metal [Yahoo/Bloomberg] AMC Leads Gains in Reddit Darlings as Focus Shifts to Silver [Yahoo/Bloomberg] Silver Coin […]
