Profit-Taking Halts Gold's Ascent, Geopolitical Tensions Provide Support
After reaching an all-time high of $2,758.37 per ounce on Wednesday, gold experienced a modest decline on Friday due to profit-taking. The precious metal’s price fell 0.4% to $2,724.50 per ounce, though its downward movement was limited by persistent geopolitical concerns and the approaching U.S. presidential election.
Gold Retreats From Peaks But Maintains Bullish Momentum
Gold prices dipped slightly on Friday but remained near record highs as uncertainty surrounding the upcoming U.S. presidential election and escalating tensions in the Middle East fueled safe-haven demand. Despite pressure from a stronger dollar and higher Treasury yields, gold was on track for its third consecutive week of gains, with spot gold rising about […]
Goldman: “Too Furious Ferrous Rally”
Goldman: “Too Furious Ferrous Rally” China’s recent monetary and fiscal bazooka will likely fall short of the policy prescription needed to rid the world’s second-largest economy of deflationary risks. The real estate crisis remains unresolved, and iron ore markets are trending lower after a brief spike in late September when Beijing initially announced stimulus. Just as the iron ore […]
US Durable Goods Orders Revised Lower… Again!
US Durable Goods Orders Revised Lower… Again! Preliminary data for October shows that headline US durable goods orders fell 0.8% MoM (slightly better than the -1.0% MoM expected), leaving orders down 2.9% YoY… Source: Bloomberg Core orders (ex-Transportation) rose 0-.4% MoM (-0.1% exp) Orders placed with US factories for business equipment declined in preliminary October […]
Hillary Clinton Claims Trump Is “Reenacting 1939 Madison Square Garden Nazi Rally”
Hillary Clinton Claims Trump Is “Reenacting 1939 Madison Square Garden Nazi Rally” Authored by Steve Watson via Modernity.news, Bitter presidential loser Hillary Clinton has claimed that Donald Trump is purposefully reenacting a 1939 Nazi rally at Madison Square Garden. Appearing on CNN, Hillary stated “One other thing that you‘ll see next week is Trump actually […]
Futures Rise As Yields Fall Despite Growing Trumpflation Concerns
Futures Rise As Yields Fall Despite Growing Trumpflation Concerns US equity futures are higher for the second day in a row, trimming their weekly drop to less than 1.0%, and led by small caps as investors looked past a jump in borrowing costs that cooled market sentiment earlier in the week. As of 8:00am ET, […]
6 People Indicted In Ohio For Allegedly Voting As Non-Citizens
6 People Indicted In Ohio For Allegedly Voting As Non-Citizens Authored by Zachary Stieber via The Epoch Times (emphasis ours), Grand juries in Ohio have indicted six people for allegedly casting illegal votes as noncitizens in past elections. Ahmed Aden, 35, a Columbus resident, and five others are accused of illegally voting in multiple elections […]
Preparing For The Steal
Preparing For The Steal Authored by Jeff Carlson & Hans Mahncke via Truth Over News, Georgia, the site of massive election misinformation, questionable results, incomplete audits and a mysterious come-from-behind razor-thin win by Joe Biden in 2020, appears to be at it again. Or perhaps we should say Georgia Secretary of State Brad Raffensperger is […]
BRICS Summit Puts Focus On Dethroning US Dollar As Putin Unveils ‘BRICS Banknote’
BRICS Summit Puts Focus On Dethroning US Dollar As Putin Unveils ‘BRICS Banknote’ It’s an outcome that alternative economists have long predicted as inevitable – The dumping of the US dollar as the world reserve currency and the petro currency by the BRICS nations in favor of a new multi-currency system or “basket system.” For […]
These Are The Cities With The Most Centi-Millionaires
These Are The Cities With The Most Centi-Millionaires According to estimates from New World Wealth, there are 29,350 individuals worldwide with fortunes exceeding $100 million. This graphic, via Visual Capitalist’s Bruno Venditti, highlights the top 10 cities ranked by their number of centi-millionaires, based on data compiled by Henley & Partners as of December 2023. New World Wealth […]