When will the rampaging bull run out of steam? A good question, considering how Wall Street has been flouting a slew of good reasons for the broad averages to be at multiyear lows rather than revving up for a shot at new record highs.
Energy, golds and metals continue to drag but they also appear to be the most compelling to own as the focus remains on the soaring high tech/AI stocks.
Obviously the yellow metal is doing donuts. ‘Round and ’round goes Gold without going anywhere. For a fourth consecutive week, the 1986-1955 range (by the current August contract) was therein traded.
There will be a minimum 6.5 million-ton copper shortfall at the start of the next decade, a substantial output gap that the mining industry has to address with new copper mines.
The fundamentals for the U.S. currency are steadily deteriorating. The world is moving toward alternatives, including gold. And that move threatens the dollar's status as world reserve currency.
Gold is on the cusp of a major breakout today, although it does not appear imminent. The last time Gold was on the cusp of a major breakout from a multi-decade base to...
As gold continues to hold its own this week in the midst of the Fed's so-called “hawkish pause,” it's a good time to reflect on the things the naysayers have been saying for years and how they have been wrong.
Yellen is now the one saying that the US dollar will slowly decline as the global reserve currency. That’s worth noting because I’ve never heard any treasurer admit that before.
The Fed did not increase interest rates further this week, but updated projections show the committee has increased how high they expect rates will go this year.
