More
[Reuters] Shares shunted after Argentina crash, safe-havens shine [CNBC] China fixes its yuan midpoint at 7.0326 per dollar [Reuters] Gold hits over 6-year peak on risk-off sentiment [Reuters] Fresh rise in Argentina CDS prices probability of default at over 72% [Reuters] Yen near seven-month high versus dollar; Hong Kong, Argentina woes fuel risk aversion [Reuters] […]
The Planned Theft of Your Bank Deposits PREPARE FOR IT, OR FALL VICTIM TO IT Three sinister Breaking Developments New Restrictions on Your Safe Deposit Box Negative Interest Rates The Ominous Specter of a Coming Wealth Tax The Fed and the banks would like to make holding cash and gold as difficult and inconvenient as […]
[Reuters] Stocks fall on trade war, global growth worries [Reuters] Yen and bond bulls charge on as share markets falter [Reuters] Gold holds firm above $1,500 on global growth worries [Reuters] Markets brace for volatility after Argentine opposition upsets Macri in primary [CNBC] China fixes yuan midpoint at 7.0211 on Monday — weaker than 7 […]
[CNN] ‘Fragile’ oil demand is the weakest since 2008, energy watchdog says [Reuters] Hong Kong police fire tear gas during another weekend of protests [Reuters] Pakistan cuts last remaining transport link to India over Kashmir dispute [Bloomberg] China Ex-Central Bankers Warn of Long Currency War With U.S. [WSJ] Trade Tension Sends Markets on Wild Week […]
In the People’s Bank of China’s (PBOC) Monday daily currency value “fixing,” the yuan/renminbi was set 0.33% weaker (vs. dollar) at 6.9225. Market reaction was immediate and intense. The Chinese currency quickly traded to 7.03 and then ended Monday’s disorderly session at an 11-year low 7.0602 (largest daily decline since August ’15). While still within […]
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Tweeting for Turmoil: Roiling the Capital Markets with Less Than 280 Characters Earnings season is beginning to wind down, and we have heard from many of our companies of interest at this point. However, company and industry specifics […]
[Reuters] Stocks slip after Wall Street’s best day in two months [Reuters] Europe rattled by Italy stress, safe havens keep gaining [Reuters] Treasuries – U.S. yields turn lower after U.S. July PPI data [Reuters] Yen gains on trade jitters; euro unfazed by Italy’s political row [Reuters] Italy’s bond yields rise after Salvini calls time on […]
Big Moves In Gold & Silver Markets – Gold Breaks $1500 and silver soars as the bull market pushes the prices higher. After the tumultuous week in the DOW it is clear that last week’s Fed Rate Cut has left a lot of uncertainty for both wall street and Washington as to the next steps […]
