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PRECIOUS-Gold sets sights on $1,900/oz mark as haven flows gather steam
BySirhc* Gold up more than 4% so far this week * Silver slips, but headed for best week in over three decades * Dollar index near two-year low, equities retreat (Recasts, adds comments, updates prices) By Eileen Soreng July 24 (Reuters) – Gold resumed its march toward $1,900 on Friday as an escalation in the…
Gamestop = Tech Bubble 2.0, Are You Ready For What’s Coming?
BySirhcStocks have entered a kind of speculative frenzy. You’ve no doubt heard or read about Gamestop (GME) the bricks and mortar video game retailer. The company has been in trouble for months, failing to turn a profit since 2018. And this is happening despite revenues growing. Because of this, hedge funds have taken MASSIVE short positions in…
Gold Is Dangerously Under-owned by Americans, Especially Now Gold Is Dangerously Under-owned by Americans, Especially Now
BySirhcFar from being mired in the summer doldrums, precious metals markets appear to be on their way to making this summer one for investors to celebrate. $20+ silver and new record highs for gold are both well within reach. Even as the big tech stocks that make up the Nasdaq are posting rip-roaring gains, the…
Inequality And The Gold Standard
BySirhc11/27/2020 David Howden Imagine that you earn $40,000 a year and your boss doubles you at $80,000 a year. Business was good to you both in 2013, and you received a 25% raise for your efforts. Not bad, and your boss gets to share in this good fortune too with an extra $25,000 (about 30%)….
How fast will U.S. dollar sink?
BySirhcBy Patrick A. Heller According to current U.S. government projections, it will need to increase outstanding debt by $12 trillion over the next decade. That is going to be a huge problem. Such a massive increase in debt, by itself, is an indicator that the value of the U.S. dollar is destined to fall. If…
It ain’t political…
BySirhcIt ain't political, it's structural: End the Fed, impose some external budget constraint. Until then, we uniparty right off the fiscal cliff. https://t.co/0VBEMsQdef — Peter St Onge, Ph.D. (@profstonge) April 20, 2023