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A “sloppy” auction saw 30-year Treasury yields surge 21 bps this week to 1.45%, an almost seven-week closing high. Ten-year Treasury yields jumped 14 bps to 0.71%, while benchmark MBS yields rose 17 bps to 1.38%. But how about in dollars? The iShares 20+ Year Treasury Bond ETF (TLT) lost 3.9% for the week. Is […]
[Reuters] Wall Street retreats as China data disappoints [Reuters] World shares sink as data points to tepid economic revival [Reuters] Dollar steadies, index heads for worst weekly run in decade [Reuters] Euro zone bonds sell-off stops; inflation expectations at six-month highs [CNBC] Coronavirus live updates: Congress leaves without passing relief bill; Fauci concerned with U.S. […]
Gold & Silver both saw a pullback over the course of the last week but have since seen a bump back up in prices with silver out pacing gold on Thursday. We will also cover the price movements of platinum, palladium, the U.S. Dollar index, the equities sector and more. Thanks for listening, if you […]
[Reuters] Wall Street edges up as weekly jobless claims drop [Yahoo/Bloomberg] Gold Advances After Wild Swings as Investors Weigh Next Steps [CNBC] U.S. weekly jobless claims fell to 963,000, first time below 1 million since mid-March [Yahoo/Bloomberg] A $2 Trillion Credit Boom Leaves America’s Smaller Firms Behind [CNBC] Coronavirus live updates: U.S. records over 1,500 […]
[Reuters] Global stocks shake off stimulus doubts, gold goes wild [Yahoo/Bloomberg] Gold’s Wild Ride Continues as Prices Bounce Back [Reuters] U.S. consumer prices accelerate in July [CNBC] Another record low mortgage rate juiced weekly demand, but rates are suddenly rising now [Reuters] Trump says ‘great’ bond with China’s Xi changed after COVID-19 [Bloomberg] China’s Days […]
Credit is the new money, get used to it Creditism can only survive if we keep borrowing trillions Duncan sees the only utopian hope is through credit About this week’s guest: Richard Duncan is the author of three books on the global economic crisis. The Dollar Crisis: Causes, Consequences, Cures (John Wiley & Sons, 2003, […]
How To Safeguard Your Portfolio In A Fast Moving Market What you built is worth protecting. The global economy is still not back to what it was, nor will it be anytime soon. Take these 3 easy steps right now to protect your wealth from mass-market shifts. Why gold can balance your portfolio right now. The consequences […]
[Reuters] U.S. S&P500 heads for record high as stimulus bets lift world stocks [Yahoo/Bloomberg] Stocks Jump Worldwide While Dollar Drops With Gold: Markets Wrap [Reuters] U.S. producer prices beat expectations in July [Reuters] China’s new bank loans fall more than expected but broad credit growth quickens [Reuters] China auto sales surge in July, log fourth […]
