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[Yahoo/Bloomberg] Stocks Steady as Europe Extends Win Streak: Markets Wrap [Yahoo/Bloomberg] Oil Steady as Covid Return Casts Shadow Over Demand Outlook [Reuters] Analysis: As Fed shifts gears, shaping consensus gets trickier for Powell [Reuters] U.S. House moderates to add to Democratic divisions on budget plan: NYT [Yahoo/Bloomberg] China’s Port Shutdown Raises Fears of Closures Worldwide […]
Gold saw a sharp correction Friday and Sunday evening, which led to the metal hitting a key support level and bouncing off of it, to push back up to $1750 mid-day Thursday. We explain the fundamentals behind gold’s long-term bull market trend as well as look at silver, platinum, the US Dollar, and equities markets.
[Yahoo/Bloomberg] Copper Gains on Strike Threat; U.S. Stocks Steady: Markets Wrap [Reuters] Asian shares fall as Delta fears eclipse Wall Street uptick [Yahoo/Bloomberg] Oil Steady While Traders Weigh Impact of Delta Variant on Demand [AP] Wholesale prices jump 1% in July, matching June increase [Reuters] U.S. jobless claims fall as labor market recovery continues [Reuters] […]
August 15, 1971, Nixon ends dollar convertibility to gold Since 1971, Dollar moves from 1/35 of an ounce to 1/1700 an ounce of gold Summer of 2021 is just as hopeful as the summer of 1929! The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick 50 Years Of Freedom From That Nasty Gold […]
[Yahoo/Bloomberg] Stocks Turn Higher With Bonds on Inflation Data: Markets Wrap [Reuters] Oil drops below $70 as U.S. urges OPEC+ to pump more [Reuters] Gold gains on Delta variant concerns ahead of U.S. inflation data [Yahoo/Bloomberg] China Evergrande Soars After Confirming Talks to Sell Assets [CNBC] July consumer prices jump 5.4%, but core inflation rises […]
The middle class is under immense financial and societal pressure, and many of the poor would already be underwater if not for government stimulus payments. The collateral damage is immeasurable. Lives torn apart, possessions lost, hopes dashed, plans for the future canceled, families destroyed. It’s not a pretty picture, but it’s right there in the […]
[Yahoo/Bloomberg] Stocks Climb; Oil Rebounds: Markets Wrap [Reuters] U.S. Treasury yields extend rising run on Fed taper talk [Yahoo/Bloomberg] Oil Rebounds From Three-Week Low as Recovery Withstands Delta [Reuters] U.S. small business optimism drops as labor shortages persist [Reuters] U.S. Senate poised to pass $1 trillion infrastructure bill, debate $3.5 trillion budget plan [Yahoo/Bloomberg] U.S. […]
[Yahoo/Bloomberg] Stocks Slip; Commodities Drop on Stimulus, Virus: Markets Wrap [Reuters] Dollar hits four-month high on euro as markets bet on earlier Fed taper [Reuters] Oil slides 4% on China virus curbs and strong dollar [Yahoo/Bloomberg] Gold Tumbles With Silver as ‘Panic’ Selling Grips Asian Open [Yahoo/Bloomberg] Chinese Chipmakers Slump as Beijing Sends Speculation Warning […]
