Own Gold Bullion To “Support National Security” – Russian Central Bank
Last week Russia’s Central Bank First Deputy Governor Sergei Shvetsov said Russians own gold bullion and their central bank is adding to its gold reserves in order to “beef up national security.” Yesterday, the Russian Finance Minister Anton Siluanov warned Washington yesterday: “If our gold and currency reserves can be arrested, even if such a thought exists, it would […]
How Sweet It Is
OPEC and Non-OPEC sources announced that they have agreed to extend production cut until the end of 2018, but will review the situation in June to make sure that the cuts are not causing larger problems for the Cartel. Worries ranging from them not doing enough or doing too much that will allow shale oil […]
S&P 500 And Nasdaq 100 Forecast – Wednesday, Nov. 29
S&P 500 The S&P 500 rallied during the day on Tuesday, breaking well above the 2625 level, as the tax reform bill that the Republicans have been working on passed the Senate committee. This of course is a good sign for the potential of tax reform, and that should send the stock market higher. At […]
Gold Fundamentals Not Bullish Yet
Too many technical analysts dismiss fundamentals. True, technicals usually lead fundamentals but understanding the fundamental drivers (when it comes to Gold) can give you an edge. Gold and gold stocks have remained below their 2016 peaks even in the face of a very weak US Dollar because the fundamentals are not there. Real rates have […]
U.S. Treasuries: The World Is Flat After All…At Least For The Yield Curve
A recurring theme that continues to garner attention among investors has been the seemingly relentless flattening of the U.S. Treasury (UST) yield curve. Indeed, it is a topic I have addressed multiple times over the last few months, but given its ongoing importance among market participants—as well as the financial media—I feel it is necessary to provide […]
Should Investors Worry About North Korea’s Missile Tests?
North Korea on Wednesday announced that it had launched another missile to test its nuclear-strike capability, which reportedly can now reach the United States. Should we be concerned? Yes, of course. For obvious reasons, every citizen of Planet Earth should be alarmed when a war-mongering government threatens to use nuclear weapons. But as investors, Kim Jong Un’s […]
US Futures, World Stocks, Bitcoin All Hit Record Highs
US equity futures continued their push higher overnight (ES +0.1%), and the VIX is 1.5% lower and back under 10, after yesterday’s blistering surge in US stocks which jumped 1%, the most since Sept. 11, following Powell’s deregulation promise, ahead of today’s 2nd estimate of U.S. Q3 GDP which is expected to be revised up. […]
Sterling Charges Ahead On Brexit Hopes
Prospects of a deal with the EU has sent sterling to its best level in two months against the dollar. It reached $1.3430 in early European turnover. It had sunk to nearly $1.3220 yesterday as European markets were closing, which was a four-day low. It is the strongest of the major currencies today, gaining about 0.4%. […]
Tax Gimmicks
Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB) DOW + 255 = 23,836 SPX + 25 = 2627 NAS + 33 = 6912 RUT + 23 = 1536 10 Y + .01 = 2.34% OIL – .36 = 57.75 GOLD – .60 = 1294.40 Cryptocurrency Number of Currencies: 916 Total Market Cap: $318,106,894,241 24H Volume: $16,102,299,246 Top Cryptocurrencies […]
What Will OPEC Do Next?
Oils traders have been watching OPEC and OPEC+ meetings closely – even though their attempt to stifle oil production had been derailed, both by some of its own members and by the U.S. ramping up their own production to offset the slowing of production. Their intent was to slow production to diminish global crude reserves […]
