(Video length 00:01:55) During the session on Wednesday, we have employment numbers coming out of the United Kingdom as well as retail sales information coming out of the United States. Because of this, we could see a bit of volatility and as a result it should be interesting to watch the US dollar and the British pound in…
QUESTION: Mr. Armstrong; there are claims that silver is in short supply and since the prices are low that proves it is a manipulation. This seems to be the same constant theme to sell metals yet at the same time they are saying it is manipulated so why bother? Can you shed any light on…
Last week, Deutsche Bank AG (DB) announced that it expects an enormous third-quarter loss of EUR6.2 billion ($7 billion). Deutsche may also have to cancel its dividend, which has been paid since the German bank was formed from three regional banks in 1957. Meanwhile, Credit Suisse Group AG (CS) – another large European bank – indicated that it’s planning…
Investors are well-aware of the numerous industrial applications for silver, and it often factors into analysis of the white metal’s demand. But gold also has industrial applications. And while investment and jewelry primarily drive the demand for gold, its use in industrial applications continues to expand, representing a growing market for the precious metal. Gold nanoparticles…
After the worst third-quarter performance in four years, the U.S. stock market showed an impressive comeback to start the new quarter, trumping global growth worries. This is especially true as the S&P 500 index and Dow Jones climbed 7.1% and 6.7%, respectively, in the first few days of the final quarter of 2015. The rally…
Tech Bubble 3.0 is in the process of bursting. mentalfloss.com As many readers know, I spent 13 years living and working in Silicon Valley before partnering up with Chris to start Peak Prosperity. I got my MBA at Stanford in 1999 when the dot-com bubble was at its zenith, and worked for both a VC-funded start-up…
Since inception in June 1998, UBS’ Managed High Yield Plus Fund survived through the dot-com (and Telco) collapse and the post-Lehman credit carnage but, based on the press release today, has been felled by the current credit cycle’s crash. After 3 years of trading at an increasingly large discount to NAV, and plunging to its worst…
I was intrigued by a Zerhedge post this evening entitled Gold Jumps As China Devalues Yuan By Most In 2 Months, “Boosts Reforms” Of Corporate Bond Bubble. OK – Gold is up a bit, but I cannot find any reference to China devaluing the Yuan again. ZH made this claim “The Yuan has been fixed stronger…
EUR/USD: With EUR continuing to trade below the 1.1396 level and its major resistance at the 1.1459 zone, our bias remains to the downside. This suggest its upside risk is now limited while maintaining below the 1.1459 level and downside threat remains the immediate bias. On the downside, support lies at the 1.1300 level where…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 49 = 17,081 SPX – 13 = 2003 NAS – 42 = 4796 10 YR YLD – .04 = 2.05% OIL – .53 = 46.57 GOLD + 5.00 = 1169.90 SILV + .09 = 16.01 Anheuser-Busch InBev and SABMiller have agreed on terms for…
