By Avi GilburtRarely do you enter a market environment when the fear is as palpable as it was in the middle of March of this year. The world was coming to an end based upon most of what I was reading. And, as we were approaching the market lows (and even all throughout the 45%+ rally we just experienced), many continued to call for further crashes with many targets being noted at 1800, 1600, and...Read More
Strengths? The best performing precious metal for the week was palladium, up 0.77 percent. ETFs added 241,076 troy ounces of gold to their holdings on Monday, bringing net purchases for the year to 17.2 million ounces, according to Bloomberg data. Total gold held by ETFs rose 21 percent this year to 100.2 million ounces - the highest level since June 2019. However, on Thursday th...Read More
By: Ira EpsteinGold needs to get above $1729 to swing the trend, the August gold contract. Supports around $1688 then towards $1,660s:Read More
There will be short covering in gold if it rises today and till Thursday. In my view, most people are waiting to buy gold @1650. If gold prices manages to trade over $1700 till Thursday, then laggards will start to invest and gold price could be easily break past $1800. Bond yields, stocks and commodities can all rise at the same time. Free money supply is the key reason. Positive economic growt...Read More
State lockdowns lifting across the US. businesses and public spaces opening back up. Mass protests bringing thousands together in close quarters. Will we see a resurgence in covid-19 infections as a result? Unknown at this moment, but we shouldn't have long to wait. Chris predicts we'll know one way or the other within the next 3 to 5 weeks. As the nation waits, we'll undoubtedly see more symptoms...Read More
Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was noted as a co-founder of Reaganomics. Dr. Roberts is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. He has testified before congressional committees on 30 occasions on...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Hedgeye CEO Keith McCullough explains in the clip above from a recent episode of The Macro Show why the probability of another stock market crash in 2020 just went up.Mr. Keith R. McCullough is the Founder and CEO of Hedgeye Risk Management LLC. He covers the strategy sector at the firm. Prior to founding the firm, Mr. McCullough was a Partner, Portfolio Manager, and Managing Director at the Carly...Read More
Allianz Chief Economic Adviser Mohamed El-Erian discusses his outlook for the economy amid the coronavirus pandemic and the government's approach to providing relief.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds i...Read More
Well at least the riots are over, for now. Defund the police seems like a truly insane idea, unless you're a progressive, then it makes total sense. Even if someone wanted to solve the underlying economic problems, it can't be done, we're too far gone. But at least we can wear our masks and avoid the Coronavirus. Oh wait, that's over too, if it's safe enough to publicly protest and riot then surel...Read More
Jesse Felder is a FinTwit superstar and go to contributor for Real Vision and Macro Voices. We discuss the future long term bear market, the US massive debt problem, pegging the yield curve, the US dollar potentially losing reserve currency status, commodities, gold, bitcoin, and much much more!! George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a...Read More
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Significant spikes in hospital traffic and Baidu internet searches for terms related to COVID-19 suggest that the virus hit Wuhan, China "beginning in late Summer and early Fall 2019," according to a new study by Harvard Medical School. Continue...Read More
Here are the key takeaways from Jeffrey Gundlach's DoubleLine Total Return Bond Fund webcast:The stock market is likely to fall from its "lofty" perch. "The big, experienced smart money is skeptical of this little-guy created, epic rally."Continue...Read More
This is the most insane market I've ever seen. We've got 40 million Americans out of work. We have riots in 150 cities, and the stock market is trying to hit new highs. Continue...Read More
1. Markets are selling off today. This is actually good to see and welcomed after the huge rally that we just had. Pullbacks are healthy in order for the charts to continue to keep the current up-trend. Remember, parabolic moves are ending moves.2. JP Morgan, financials, airlines, retail are down. Tech is all up today and they're gaining as we speak. This tells us that it's simply a pullback. We'v...Read More
The Arizona Department of Health Services instructed the state's hospitals to "fully activate" their emergency plans - as the state has seen a large increase in coronavirus cases since reopening last month.Continue...Read More
The Federal Reserve is attempting to blame the financial crisis on the virus to avoid Congressional investigations of its second epic failure in a dozen years at regulating the behemoth Wall Street banks.Continue...Read More
"Americans are ready to get back to action and so is President Trump." "The Great American Comeback is real, and the rallies will be tremendous."Continue...Read More
The Fenn Treasure was a cache of gold and jewels that Forrest Fenn, an art dealer and author from Santa Fe, New Mexico, hid in the Rocky Mountains of the United States. It was found in 2020.Continue...Read More