Global Central Banks Favor Gold Over Dollar, Expecting Increased Reserves
Central banks worldwide are expected to increase their gold reserves this year amid growing pessimism about the US dollar, according to a World Gold Council report. Over 80% of surveyed reserve managers anticipate higher global gold holdings, with nearly 30% planning to add to their reserves. The shift is driven by economic and political uncertainties […]
US Industrial Production Surges In May, Biggest MoM Jump Since Jan 2023 As ISM Tumbles
US Industrial Production Surges In May, Biggest MoM Jump Since Jan 2023 As ISM Tumbles US Industrial Production surged 0.9% MoM in May (triple the 0.3% MoM expected and well up from the unchanged MoM print in April). That is the biggest MoM jump since Jan 2023 and lifted the YoY print to +0.39%… Source: […]
Biden Officials To Attend Bitcoin Roundtable In DC: Leaked Report
Biden Officials To Attend Bitcoin Roundtable In DC: Leaked Report U.S. Congressman Ro Khanna, representing California’s 17th congressional district, is set to host a Bitcoin and blockchain roundtable in Washington D.C. in early July, according to a private email sent by Khanna’s Office, seen by Bitcoin Magazine. Bitcoin Magazine’s Nik Hoffman reports that Khanna’s Office described the upcoming meeting […]
Only 28% Of The Public Has “High Confidence” In Higher Education; New Poll Finds
Only 28% Of The Public Has “High Confidence” In Higher Education; New Poll Finds Authored by Jonathan Turley, A new poll conducted by NORC at the University of Chicago (commissioned by the Foundation for Individual Rights and Expression) shows that only 28% of Americans have a lot of trust in higher education. Academia has continued to […]
Retail Sales Disappoint In May, April Revised Even Lower…
Retail Sales Disappoint In May, April Revised Even Lower… BofA’s practically omniscient analysts were more in line with consensus this month for their US retail sales forecast, with a return to growth expected in May’s data (after a less enthusiastic April print). Notably, however, consensus and BofA were over optimistic as the headline retail sales […]
Consumer Survey Shows Rising Bullishness
Consumer Survey Shows Rising Bullishness Authored by Lance Roberts via RealInvestmentAdvice.com, The latest consumer survey data from the New York Federal Reserve had interesting data. “The New York Fed’s latest consumer survey found that expectations that stocks will be higher in the next 12 months rose from 39% to 41% since last month’s reading. At the same […]
Futures Flat As Tech Stocks Rise For 7th Consecutive Day
Futures Flat As Tech Stocks Rise For 7th Consecutive Day Futures are flat with gigatech naturally outperforming into today’s retail sales print where the expectations are for beats to resume after last month’s sharp miss. As of 8:00am ET, S&P futures were completely flat, while Nasdaq futures were up for the 7th day in a […]
Second Time: EV Startup Fisker Files For Bankruptcy Due To “Macroeconomic Headwinds”
Second Time: EV Startup Fisker Files For Bankruptcy Due To “Macroeconomic Headwinds” Electric vehicle startup Fisker filed for Chapter 11 bankruptcy in a Delaware federal court on Monday evening, intending to sell its assets. This decision comes after recently halting production of its “Ocean” SUVs. Joining the ranks of Arrival, Lordstown Motors, Proterra, and Electric Last […]
Steve Bannon Predicts Leftists Will Sentence Trump To “Multiple Years In Prison”
Steve Bannon Predicts Leftists Will Sentence Trump To “Multiple Years In Prison” Authored by Steve Watson via Modernity.news, Former Trump advisor Steve Bannon has warned that the left will stop at nothing to prevent Trump from regaining the White House and that they plan to sentence him to “multiple years in prison” next month. Speaking […]
Silver Rally Stalls Amid Speculative Overload: What’s Next?
The big silver rally of 2024 stalled as an overwhelming number of speculators took long positions, creating a consensus trade that the market did not reward. Despite the recent pause, silver is expected to reach $50 eventually. Historical analysis, such as the 2011 rally, shows that sustainable price increases occur without heavy speculative participation. The […]