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DoubleLine’s Jeffrey Gundlach puts chance of recession at up to 65%
BySirhcCourtesy of Yahoo Finance by Julia La Roche Reporter Prominent bond investor Jeffrey Gundlach, the CEO of $130 billion DoubleLine Capital, sees the increasing likelihood of a recession within the next six to twelve months. A couple of years ago, Gundlach began highlighting key recession indicators on his webcasts, to see if there was potentially…
PRECIOUS-Gold bursts through $2,000/oz barrier to new record
BySirhc* Gold needs a period of consolidation -technical analysts * Silver rises to more than 7-year high By Eileen Soreng Aug 5 (Reuters) – Gold soared to a record high on Wednesday as a weakening dollar, falling returns on U.S. bonds and a break above historic resistance at $2,000 an ounce added momentum to buying…
Silver down over 3% on the day as buyers show further signs of exhaustion for now
BySirhcSilver falls to $23.50 and back under its 100-hour moving average The moves in silver and gold remain a major theme in the market this week and we are seeing further signs of a pullback with silver down by over 3% on the session now.More notably, price action is starting to break its 100-hour MA…
IT’S OFFICIAL; U.S. Silver Production The Lowest In More Than 70 Years
BySirhcPOSTED BY SRSROCCO IN MINING, NEWS, PRECIOUS METALS ON MARCH 20, 2019 — 11 COMMENTS With the latest release by the USGS, silver production in the U.S. is now the lowest in more than 70 years. We have to go all the way back until the year after World War II ended to see U.S. silver production less than it was in 2018. While…
Game Over?
BySirhcAuthored by Sven Henrich via NorthmanTrader.com, What happens if you toss $97.9B in liquidity at an extended market and it sells off anyways? Maybe nothing, but maybe everything. The unholy alliance surely has succeeded in elevating asset prices in recent weeks, indeed prices have exceeded the level I suggested as a potential key target in April in Combustion, 3102 on…
U.S. national debt tops $22 trillion for the first time
BySirhcPublished: Feb 12, 2019 5:00 p.m. ET By Jeffry Bartash, a reporter for MarketWatch in Washington. U.S. financial picture getting worse in wake of Trump tax cuts The U.S. national debt topped a record $22 trillion this week, less than a year after it crossed the $21 trillion mark, indicating a further deterioration in the nation’s…