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[Yahoo/Bloomberg] Stocks Rise Before Central Banks Meet: Markets Wrap [Reuters] Turkish lira plummets to new low, dragging cenbank to the rescue [Yahoo/Bloomberg] Turkish Central Bank Intervenes as Lira Drops Past 14 per Dollar [Yahoo/Bloomberg] Chinese Developers Slump as Shimao Bond Plunge Spooks Investors [Reuters] Calm and confident before central bank deluge, Turkey lira crashes [Reuters] […]
[CNBC] Biden says his administration will do ‘whatever is needed’ to help states reeling from tornadoes [AP] Crews search for the missing after devastating tornadoes [Reuters] In an instant, a Kentucky factory destroyed, dozens of employees missing [Yahoo/Bloomberg] Twenty Central Banks Hold Meetings as Inflation Forces Split [Reuters] Blinken heads to Southeast Asia to deepen […]
Weekly Hard Asset Insights By David McAlvany A Santa Rally; or the Fed Who Stole Christmas? It was another eventful week in financial markets. Major market indexes surged higher and energetically bounced from the deeply oversold technical conditions and extremely poor sentiment of the previous week. The big three indexes—the Dow Jones, the S&P 500, […]
[Reuters] Wall St Week Ahead Investors await faster taper, inflation view at Fed meeting [Reuters] Dozens killed as tornadoes rip through Kentucky, other U.S. states [AP] New inflation number feeds angst about Democrats’ $2T bill [AP] UK scientists urge more restrictions to fight omicron surge [Reuters] G7 ministers present united front against Russia over Ukraine […]
In such an extraordinary environment, I’ll take note of two of this week’s developments. China – in an about-face – implemented policy easing measures, cutting reserve requirements and announcing a loosening of property finance. This was to get ahead of an unfolding Evergrande default along with rapidly deteriorating developer financing conditions. Developer bonds rallied modestly, […]
[Yahoo/Bloomberg] U.S. Stocks Rise With Inflation, Omicron in Focus: Markets Wrap [Reuters] Oil prices on track for biggest weekly gain since August [Yahoo/Bloomberg] Turkey Intervention Fails Again as Lira Sinks Toward 14 Mark [CNBC] Inflation surged 6.8%, even more than expected, in November to fastest rate since 1982 [Yahoo/Bloomberg] Shares Drop After Default; Kaisa Deal […]
This week we discuss gold, silver, platinum, the US Dollar index, DOW, the DOW compared to gold the last 20 years, as well as gold compared to the money supply. Thank you for listening to Golden Rule Radio. Subscribe to our YouTube channel for weekly precious metals price updates and geopolitical commentary. Thanks for listening, […]
[Yahoo/Bloomberg] U.S. Stocks Decline as Virus Concerns Resurface: Markets Wrap [Reuters] Oil down on Omicron restrictions and China fears [Yahoo/Bloomberg] China Signals its Discomfort Over Yuan Rally With Daily Fixing [Yahoo/Bloomberg] Currency Volatility Surges Ahead of Big Week for Central Banks [Yahoo/Bloomberg] Inflation Near 40-Year High Shocks Americans, Spooks Washington [AP] US unemployment claims drop […]
