Gold Futures Cross Over $3,800 For First Time Ever
The stunning and historic gold and silver rally continued on Tuesday, with the gold futures crossing over the $3,800 level for the first time in history, while silver reached a new high for the current rally as well.
I Just Did The Math On Every Bubble Since 1929
During the .com bubble, the Nasdaq gained 1,322% from its 1990 low to the March 2000 peak. If we repeated that performance from 2016's low of 4,267, the Nasdaq would hit 60,676 today. We're at 22,789.
The Market’s Desperate Circus Act Continues
Today it was the S&P 500’s turn to fall, dropping 55 bps, while the RSP Equal Weight ETF managed to rise 12 bps. Round and round the market goes—where it stops, nobody knows.
USD/JPY Weakens To Near 147.50 After Fed’s Powell Speech
The USD/JPY pair declines to near 147.60 during the early Asian session on Wednesday.
China Floods The World With Cheap Exports, Ports Busier Than Ever
China is hurtling towards a record $1.2 trillion trade surplus. The net result for China is that it is subsidizing its exporters at the expense of Chinese consumers, who foot the bill.
EUR/USD Rallies To 1.1800 As Dollar Slumps Ahead Of Powell
EUR/USD rallies as the Greenback gets hammered, hovers around 1.1800 up 0.47% in the day as market players wait for clues of further easing by the Federal Reserve, as a flurry of officials would cross the wires during the week.
Canada’s Materials Sector Strikes Gold
Canadian equity markets have a reputation for their sector concentration and cyclical swings, often reflecting the country’s deep ties to commodities and resource-driven growth.
