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This week we review the price movements of gold, the Dollar, equities, housing, silver, platinum, and more. Housing prices have hit an all-time high as all-time lows in mortgage affordability have also occurred. After 6 months gold has seen a breach below the shallow 382 fib level. Thanks for listening.
[Yahoo/Bloomberg] Bonds Extend Losses as Rate Angst Sours September: Markets Wrap [Yahoo/Bloomberg] Oil Touches $95 With Shrinking Inventories Fanning Fresh Rally [Reuters] Evergrande shares halted as concerns mount about developer’s prospect [Reuters] US Senate, House hold procedural votes as partial government shutdown looms [Yahoo/Bloomberg] A Last-Minute Deal Averting Government Shutdown Is Unlikely [AP] Slightly fewer […]
[Yahoo/Bloomberg] Global Stock Selloff Pauses as VIX Signals Calm: Markets Wrap [Yahoo/Bloomberg] Chinese Gold Bugs Lift Price Premium Over World Market to Record Level [Reuters] Dollar in command as euro and pound slide to 6-month lows [Yahoo/Bloomberg] China Property Stocks Slide to Lowest Since 2011 as Rout Extends [Yahoo/Bloomberg] Oil Pushes Higher as Tightening Market […]
Biden Admin Has Drained Our Strategic Oil Reserve By 40% Higher For Longer Prompts A Treasury Buyback/Bailout Program Chinese & Japanese Currencies Near Break Levels “We have to be cautious of policy choices over the next six to 12 months—and this is public policy, this is fiscal policy, this is monetary policy—we have to be […]
[Yahoo/Bloomberg] Stock Markets in Retreat as Dollar Resumes Climb: Markets Wrap [Reuters] Dollar hits 10-month high as US yields spike, yen recovers from dip [Yahoo/Bloomberg] Japan Warns Again on Yen After Dollar Breaches 149 Mark [Yahoo/Bloomberg] Yuan Drops Toward Weak End of PBOC Trading Band as Stress Mounts [Yahoo/Bloomberg] Oil Steady Near $90 as Tight […]
Truth vs. falsehood, signal vs. noise, gold vs. tailings or dross, wheat vs. chaff or weeds, and the list goes on. Separating the important from the unimportant, the valuable from the worthless, the true from the false—it’s a key life skill, and one that is on the wane. Hucksters and snake oil salesmen have never […]
[Yahoo/Bloomberg] Bonds Resume Selloff as Hawkish Fed Talk Sinks In: Markets Wrap [Yahoo/Bloomberg] China Developers Drop Most in 9 Months on Evergrande Woes [Reuters] Yen falls to fresh 11-month low against dollar, focus on intervention risks [Yahoo/Bloomberg] Oil Steadies Near $90 as Tight Fuel Supplies Lure Hedge Funds [Reuters] Ford says ‘significant gaps’ remain in […]
[Axios] House GOP plans last-ditch effort to pass spending bills [Axios] The history of government shutdowns and how long they last [AP] Auto workers still have room to expand their strike against car makers. But they also face risks [Yahoo/Bloomberg] Oil Price Surge Upends Emerging-Market Disinflation Trade [Reuters] China central-bank adviser proposes structural reforms to […]
