Gold Is Just Getting Started
Gold Is Just Getting Started Via SchiffGold.com, Last week Peter joined Oliver Renick on his show, “Market on Close,” on the Schwab Network. They discuss gold’s stellar year in 2024 and where the metal is heading, and Peter also comments on the price of crude oil, treasury yields, and the Fed’s recent rate cut. Peter compares gold […]
WTI Holds Gains Despite Surprise Crude Build (Biggest Since June)
WTI Holds Gains Despite Surprise Crude Build (Biggest Since June) Oil prices continues to rise (amid geopolitical tensions), supported by an API-reported crude draw overnight and OPEC+ headlines denying any apparent rift or plans to increase production aggressively. “Iran sits astride the world’s most strategic energy region, oil- and gas- production facilities and transit choke […]
Yen Craters As Japan Gives Up On Further Rate Hikes, Carry Trade Is Back With A Bang
Yen Craters As Japan Gives Up On Further Rate Hikes, Carry Trade Is Back With A Bang In the past two months, reports of the yen carry trade have been greatly exaggerated, largely as a result of market whiplash to Japan’s schizophrenic approach toward the currency. Recall, that for years on end, the BOJ and […]
Israel Said Planning Massive Retaliation, Likely Targets Include Oil & Gas Rigs, Nuclear Sites
Israel Said Planning Massive Retaliation, Likely Targets Include Oil & Gas Rigs, Nuclear Sites Israeli Prime Minister Benjamin Netanyahu is expected to be in meetings with his security cabinet Wednesday to mull potential operations to last night’s Iranian attack which saw some 181 ballistic missiles fired directly at Israel. Israel’s military claims most were intercepted, and […]
Tesla Shares Dip After Reporting 462,890 Q3 Deliveries, Missing Analyst Estimates
Tesla Shares Dip After Reporting 462,890 Q3 Deliveries, Missing Analyst Estimates Tesla shares are dipping heading into the cash open on Wednesday after the company reported 462,890 total deliveries during the third quarter. Tesla reported 462,890 deliveries and 469,796 vehicles produced in Q3 2024. Analysts, based on FactSet StreetAccount estimates, had expected 463,310 deliveries for the […]
A Crystal Ball Isn’t Enough: The Importance Of Context
A Crystal Ball Isn’t Enough: The Importance Of Context Authored by Michael Lebowitz via RealInvestmentAdvice.com, On September 18, 2024, the headlines read the Fed cut the Fed Funds rate by 50 basis points. At first blush, one would think that a trader with a crystal ball a couple of days before the Fed action would […]
Post-Debate: Vance Vanquishes ‘Knucklehead’ Walz & Muting Moderators
Post-Debate: Vance Vanquishes ‘Knucklehead’ Walz & Muting Moderators Cordiality amidst clashes marked the first and only vice-presidential debate of 2024 as Republican JD Vance and Democrat Tim Walz squared off on Tuesday night. The Oct. 1 CBS News event was hosted by Norah O’Donnell, of CBS Evening News, and Margaret Brennan, of Face the Nation […]
ADP Employment Report Shows Strong Rebound In Jobs
ADP Employment Report Shows Strong Rebound In Jobs In the first major labor market indication since The Fed slashed rates by 50bps (because the economy is doing so well?), ADP’s Employment report showed a much bigger than expected increase in jobs (+143k vs +125k exp vs +103k prior)… Source: Bloomberg That was above all but […]
Americans’ Stunning And Growing Dependence On Government Aid In Pictures
Americans’ Stunning And Growing Dependence On Government Aid In Pictures Authored by Mike Shedlock via MishTalk.com, The number of counties dependent on government aid has surged over time. The lead chart shows political party affiliation. The Wall Street Journal has a great article on the Growing Reliance of Americans Are Dependence on Government Aid over time. That […]
Futures Slide, Oil Jumps As Middle East Tensions Soar
Futures Slide, Oil Jumps As Middle East Tensions Soar US equity futures are weaker with small caps underperforming while Treasuries erased some of the previous day’s gains as escalating tensions in the Middle East spooked traders and sent oil sharply higher for a second day after Iran fired about 200 ballistic missiles at Israel, drawing a […]