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Weekly Hard Asset Insights By David McAlvany Energy Prices: A Potential Inflation Force Multiplier It was a tough week and a rough month of September for US equities. The S&P 500 finished the week down 2.21%, and the month down 4.8%. A laundry list of building market and economic risks finally came together in September […]
[The Hill] Biden to host lawmakers at White House next week amid impasse on his agenda [CNBC] Biden’s top trade advisor will say China isn’t complying with phase 1 deal reached under Trump, according to sources [Yahoo/Bloomberg] Clarida Traded Into Stocks on Eve of Powell Pandemic Statement [AP] US auto sales slump, stalled by car […]
August Personal Consumption Expenditures (PCE) inflation rose to 4.3% y-o-y, the largest gain in 30 years. The S&P CoreLogic National Composite Home Price Index posted a 19.7% y-o-y gain in July – the strongest housing inflation in data back to 1987. Zumper data show national apartment (two-bedroom) rent inflated 13.1% y-o-y, with Zillow national rental […]
[Yahoo/Bloomberg] Stocks Advance; Dollar Declines: Markets Wrap [Reuters] Stocks under pressure as euro zone inflation hits 13-year high [Reuters] Oil slips to $78 as sources say OPEC+ weighs further output hike [The Hill] No deal: House delays infrastructure vote [AP] Despite setback, Democrats try to save Biden $3.5T plan [AP] US consumer spending rebounded in […]
This week we look at the pressure on the metals from bond yields and the “artificial” dollar rally occurring. We will review the price movements of gold, silver, platinum, palladium, the US Dollar Index, and more. Thank you for listening to Golden Rule Radio. Subscribe to our YouTube channel for weekly precious metals price updates and […]
[Yahoo/Bloomberg] U.S. Stocks Advance as Volatile Quarter Nears End: Markets Wrap [Reuters] Dollar hits one-year high, Wall Street headed for positive quarter [AP] Congress moves to avert partial government shutdown [Reuters] U.S. weekly jobless claims rise; second quarter GDP revised higher [Yahoo/Bloomberg] China Factories Contract For First Time Since Pandemic Began [Reuters] China power crunch […]
Digital Rocks? Remember the Pet Rock? Interest rates creeping up – Inflation Fears? FED Presidents Rosengren & Kaplan (Forced?) to Resign The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Artificial Bliss: FED Strong Arms The markets As Guaranteed Buyer September 29, 2021 “When rates move higher in earnest, it won’t be because […]
[Yahoo/Bloomberg] Stocks Rebound; Treasury Yields Drop: Markets Wrap [Reuters] Asian shares stumble as U.S. yields, dollar hold firm [Reuters] Oil Declines as Growth in U.S. Stockpiles Cools Rally [Reuters] Clock ticking for U.S. Congress as Friday government shutdown looms [AP] Sign of progress, Biden digs in to strike deal on $3.5T plan [The Hill] Senate […]
