How Gold Could Win in Any Election Scenario
The upcoming US presidential election and its aftermath present a bullish case for gold, which has outperformed major stock indices in 2024. Factors supporting gold’s appeal include fiscal policy uncertainty, potential economic slowdown, expected interest rate cuts, and geopolitical tensions. Regardless of which candidate wins, gold is positioned as an attractive investment due to its […]
Some Analysts Warn of Potential Gold Pullback
The gold rally that pushed prices to record highs is showing signs of losing momentum as investors reassess their expectations for Federal Reserve interest rate cuts and the U.S. dollar strengthens. Analysts point to crowded speculative positioning, bullish sentiment, and technical indicators nearing sell thresholds as factors that could lead to a pullback in gold […]
Warren Buffett’s BofA Dump-A-Thon Tops $10 Billion, Nears Key 10% Non-Reporting Level
Warren Buffett’s BofA Dump-A-Thon Tops $10 Billion, Nears Key 10% Non-Reporting Level 94-year-old Warren Buffett’s Berkshire Hathaway has been on a multi-month dump-a-thon of Bank of America shares. The reason for the abrupt selling, which began in mid-July, has yet to be officially disclosed but should be viewed as an ominous sign that the ‘Oracle of Omaha’ foresees […]
These Are The World’s Most Innovative Countries
These Are The World’s Most Innovative Countries The Global Innovation Index (GII) 2024, published by the World Intellectual Property Organization (WIPO), ranks 133 economies based on their innovation capabilities and performance. This year’s report highlights shifts in global innovation leadership, with a focus on emerging economies challenging traditional leaders. To summarize the results of this year’s […]
No Interventionist Government Or Central Bank Wants Lower Prices
No Interventionist Government Or Central Bank Wants Lower Prices Authored by Daniel Lacalle, Many citizens want more government control of the economy to curb rising prices. It is the worst strategy imaginable. Interventionist governments never reduce consumer prices because they benefit from inflation, dissolving their political spending commitments in a constantly depreciated currency. Inflation is the perfect […]
Milton Downgraded To Dangerous Cat. 4 As Crosshairs Locked On Florida’s Gulf Coast
Milton Downgraded To Dangerous Cat. 4 As Crosshairs Locked On Florida’s Gulf Coast Milton weakened overnight to a Category 4 hurricane. The storm is an “extremely dangerous” threat as it churns near the Yucatan Peninsula, barreling toward Florida’s Gulf Coast this AM, with landfall impacts expected on Wednseday night or early Thursday morning. According to the […]
The German Auto Industry Suffers Another Smackdown Blow
The German Auto Industry Suffers Another Smackdown Blow Authored by Mike Shedlock via MishTalk.com, Unlike US auto manufacturers, Germany’s counterparts did not want tariffs on China’s EV. Germany lost the vote in the European Council… EU Votes for Tariffs on Chinese EVs This story may seem counteractive but Germany does not want the EU to […]
Housing Is A Global Problem
Housing Is A Global Problem Housing shortages and skyrocketing rental prices have become a major source of tension in many countries around the world. As Statista’s Anna Fleck reports, according to data from a Statista Consumer Insights survey, the topic of housing is considered the most pressing issue right now in the Netherlands by Dutch respondents. It is the […]
Von Der Leyen’s New Budget Is A Huge Power-Grab From Brussels
Von Der Leyen’s New Budget Is A Huge Power-Grab From Brussels Via Remix news, Poland’s Piotr Serafin will probably take over as EU commissioner for budget on Dec. 1, but the president of the European Commission is already organizing his most important task: the draft EU budget for 2028-34. The document, seen by Polish media outlet […]
Olive Oil Supply Crunch Eases As World’s Top Producer Sees Harvest Jump
Olive Oil Supply Crunch Eases As World’s Top Producer Sees Harvest Jump A multi-year olive oil shortage in Spain, which accounts for about 40% of global production, pushed prices to record highs earlier this year amid sticky food inflation worldwide. Now, there is some good news, as Bloomberg reports olive oil production in the southern Europen country is set […]