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June 19, 2020: Update COVID-19

Can we even attempt a reasonable discussion? Someone’s got this wrong. June 12 – Reuters (Judy Hua, Cate Cadell, Winni Zhou and Andrew Galbraith): “A Beijing district put itself on a ‘wartime’ footing and the capital banned tourism and sports events on Saturday after a cluster of novel coronavirus infections centred around a major wholesale […]

Friday, June 19, 2020

[Reuters] Wall Street Rises on recovery optimism [Reuters] Running on ‘hopium’: Explaining the market rally in Wall Street’s terms [Yahoo/Bloomberg] Quadruple Witching Set to Add Fuel to Month of Stock Turbulence [CNBC] Coronavirus live updates: China publishes virus genome data from Beijing outbreak as capital city reports 25 cases [Reuters] China says one-fifth of Belt […]

Are Markets Ready For Q2 Numbers? Gold & Silver Update | Golden Rule Radio

As we approach quarter 2 investor earnings call season will the results shown disrupt the equities markets and have impacts spreading to the precious metals sector? We cover the price movements of gold, silver, platinum, palladium, the US Dollar Index, and equities markets on this week’s show. Thanks for listening, if you enjoy be sure […]

Thursday, June 18, 2020

[Yahoo/Bloomberg] U.S. Stocks Decline; Treasuries Rise: Markets Wrap [Reuters] World stocks drift lower as second wave virus fears mount [Reuters] Coronavirus second wave fears boost yen; Aussie dollar falls after data [Reuters] U.S. weekly jobless claims remain high as second wave of layoffs hits industries [CNBC] Coronavirus live updates: Staggering jobless claims persist; global deaths […]

Wednesday, June 17, 2020

[Reuters] Stocks grind higher on recovery hopes [Reuters] Dollar regains ground as investors take refuge from murky outlook [CNBC] Homebuyer mortgage demand spikes to 11-year high, as rates hit another record low [MarketWatch] Housing starts climb 4.3% in May as buyers return and builders aim to speed up work [CNBC] Coronavirus live updates: How national […]

Inflation? Forget About It, “Let’s Just Devalue!”

Study shows negative rates could be -14% in 2 years? Watch out for official competitive currency devaluations worldwide Fed Chief Powell comments read like a doom & gloom newsletter   The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Inflation? Forget About It, “Let’s Just Devalue!” June 17, 2020 David: We’re talking about the […]

Tuesday, June 16, 2020

[Reuters] Stocks jump on stimulus hopes ahead of retail sales report [Yahoo/Bloomberg] Global Stock Rally Returns on Fresh Stimulus Hopes: Markets Wrap [Reuters] Stimulus splurge restarts stocks rally [AP] US retail sales up a record 17.7% in a partial rebound [Reuters] Trump team eyes $1 trillion infrastructure plan to spur economy, Bloomberg News says [Reuters] […]

Monday, June 15, 2020

[Yahoo/Bloomberg] U.S. Stocks Drop, Bonds Up on Second-Wave Worries: Markets Wrap [Reuters] Stocks, oil under pressure amid fears of second wave of pandemic [Reuters] Aussie, kiwi, and yuan fall on worries about second wave of coronavirus [Yahoo/Bloomberg] Treasuries Rally After Beijing Cases Add to Second-Wave Fears [Reuters] Oil drops as new coronavirus outbreaks raise fuel […]

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