Archive for August 2019
Showing the US Dollar the Exit
The big economic news last week from my perspective was largely unreported. For several years now, I have been reporting and commenting on the gradual, yet undeniable move away from the US Dollar around the globe. While the US Dollar still enjoys reserve status, meaning it is the most widely used currency in global trade,…
Read MoreMore Craziness and Where It Might Lead
Gold and US Treasuries continued their rallies last week as stocks declined. The yellow metal rallied 1.11% while the usually more volatile silver advanced .88%. The Dow Jones Industrial Average fell about 1.5% while the Standard and Poor’s 500 declined 1%. The chart below is a chart of an exchange-traded fund that tracks the price…
Read MoreWhy Gold Is Rallying?
The big news in the markets last week was the continued breakout in gold prices to nearly $1500 per ounce and the continued rally in US Treasury Bonds. Gold spiked nearly 4% last week while silver rallied nearly 5%. The yield on the 30-Year US Treasury Bond fell to 2.26% from 2.39%. The US Dollar…
Read MoreDigging Into Stock’s Decline Last Week
The Dow Jones Industrial Average declined 2.60% last week while the broader Standard and Poor’s 500 fell more than 3%. Market analysts blamed the decline on escalating trade war threats. This from “Market Watch” (Source: https://www.marketwatch.com/story/stock-futures-extend-tariff-inspired-decline-ahead-of-july-jobs-report-2019-08-02): Stocks ended at their lowest levels in a month on Friday as investors worried that President Trump’s escalation of…
Read More