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Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Encouraged, but Proceeding Deliberately It has been a busy week in the hard assets realm as it relates to political and macroeconomic events. We are finally seeing the kind of gold market that we have been waiting for, […]
[Reuters] Markets brace for crucial G20 signals [Reuters] Futures higher with G20 summit, inflation data in focus [Reuters] Gold gains on U.S.-China trade jitters; heads for best month in 3 years [CNBC] US consumer spending rises in May, but inflation remains muted [Reuters] Trump prepares for ‘productive’ talks with Xi on trade war [CNBC] Trump […]
The gold price soars to 6 year high as gold then pulls back… but why? Gold swiftly moved up to $1440 as the price saw a breakout past the key $1370 levels. We will review the price movements of silver, platinum, palladium, and the US Dollar in relation to this big move for gold. Geopolitical […]
[Reuters] Sino-U.S. trade truce hopes rekindle risk appetite [CNBC] China is not budging ahead of Xi-Trump G-20 meeting [CNBC] China’s Xi to present Trump with terms for settling trade deal: WSJ [Reuters] U.S., China agree tentative trade truce ahead of G20 summit: SCMP [Reuters] Trump-Xi trade meeting set for Saturday morning in Osaka: White House […]
[Reuters] Global stocks gain as trade talk hopes rise, rate-cut pressure ebbs [MarketWatch] U.S. trade deficit in goods widens 5.1% to $74.5 billion in May [AP] US durable goods orders fall 1.3% in May with aircraft down [Reuters] Trump says he would impose additional tariffs on China: Fox Business [CNBC] Mnuchin: ‘We were about 90% […]
Almost out of ammo: How much lower can interest rates go? Malaysian Prime Minister urges Asian gold backed currency The ghost of de Gaulle? Central banks buys piles of gold The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Gold’s Rapid Rise: Is It Guns (Iran) Or Butter (Devaluation)? June 25, 2019 “I […]
[Reuters] Trade stress, Iran tensions hits stocks, dollar frets on Fed doves [Reuters] Dollar weighed by Fed prospects; Swiss franc, gold shine on geopolitics [Bloomberg] Gold Jumps to Highest in Almost 6 Years Fueled by Rising Risks [Reuters] Trump ‘comfortable with any outcome’ from pivotal Xi talks: official [Reuters] China, U.S. trade officials talk ahead […]
[AP] World shares mixed ahead of Trump-Xi meet at G-20 summit [Reuters] Gold rises above $1,400 on cenbank stimulus hopes, U.S.-Iran tensions [Reuters] Oil up on U.S.-Iran tensions but demand concerns cap gains [Reuters] China says both U.S., China should make compromises in trade talks [Yahoo/FT] China’s small bank blow-up darkens economic outlook [Reuters] Trump […]
