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Two major asset classes are major beneficiaries of the unlimited money printing and credit creation that is now taking place globally. One of them will end in tears and the other one has just started a major secular bull market.
This is going to get awkward.
There are only so many "positive news" levers a company can pull in the absence of consistently turning a legitimate profit:
As noted earlier, silver is crashing as much as 15% today, a plunge which if it had spread to stocks would prompt a panic at the Fed and an injection of at least several trillion.
Update (1300ET): DGAZF is now trading at a stunning $22,890!!!!!!
ETFs used to be touted as a great way to gain exposure to the stock market. But now, thanks to fee-hungry issuers, the tail is wagging the dog and ETFs are the stock market.
Mentally, it has been a challenge to marry a market challenging all-time highs against a backdrop of weaker earnings, falling profits, surging unemployment, and a recessionary economy.
I have been bearish on the dollar for the past couple of years. The main reason for this was the deteriorating fiscal situation here in the U.S. There is a good correlation between the federal deficit and the dollar over the long run.
Last week was a big week for precious metals. Gold broke above $2,000 an ounce and kept climbing, pushing over $2,075 later in the week.
Mentally, it has been a challenge to marry a market challenging all-time highs against a backdrop of weaker earnings, falling profits, surging unemployment, and a recessionary economy. Yet, here we are.
Buy all the things!!
There appears to be no way out for the bullion banks deteriorating $53bn short gold futures positions ($38bn net) on Comex. An earlier attempt between January and March to regain control over paper gold markets has backfired on the bullion banks.
The Endless Melt Up: Gold And Silver Soar, Global Stocks Turn Green For 2020; Apple $2 Trillion Any Second
Firearms stocks moved higher on Monday after gun background checks rose 79% in July year-over-year amid violent protests which have gripped major cities across the United States.
The day before a $765 million loan from the government was announced, Kodak granted its executive chairman Jim Continenza 1.75 million options as the result of what is being called an "understanding" with the Board of Directors. The options had not b
Here Are July's Best And Worst Performing Assets
Two months ago, we showed that contrary to conventional wisdom and corporate reps and warrants that buybacks had effectively been put on hold for the duration of the covid pandemic, not only were companies still repurchasing their shares but it was t
Aside from the 'safe-haven' status amid the global money-printing fiasco occurring in fiat-land, the major run in the largest cryptocurrencies in recent days appears to have been driven by two technical factors (over-leveraged shorts unwinding and tr
Aside from the 'safe-haven' status amid the global money-printing fiasco occurring in fiat-land, the major run in the largest cryptocurrencies in recent days appears to have been driven by two technical factors (over-leveraged shorts unwinding and tr
Despite the surging stock market from the March lows, trillions in liquidity support from the Fed, retirement confidence declined.
Three elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage.
The Baltic Dry Index (BDI) is losing steam following an impressive upswing from May's lows. The BDI began tumbling in August 2019, with an extension to the downside following the virus pandemic.
Tesla just reported its second-quarter results. Shares rose more than 4% after hours as the company beat expectations and reported its fourth straight quarter of profits.
Back in mid-March, when the S&P was crashing and just days before the Fed completed its nationalization of the bond market...
Monday's trading saw a continuation of recent themes.
S&P futures and global markets jumped on Tuesday after EU leaders clinched an "historic" deal on a massive €750BN ($860BN) recovery plan for their coronavirus-throttled economies in the early hours of Tuesday, after a turbulent, seemingly endle
In the last week, the military conflict between Azerbaijan and Armenia has reignited, with the two nations having already been engaged in a military confrontation for decades.
Billionaire businessman Mark Cuban on CNBC on Monday compared the stock market's big run-up from its late March coronavirus low to the 1990s tech frenzy.
Captain George Pollard Jr. was hungry. Actually, he was starving. He'd been drifting aboard a small whaleboat with some of his crew in the South Pacific for over two months.
Over a decade ago we were mocked and ridiculed for saying that the Fed was manipulating and rigging stock markets, pushing risk assets higher (either singlehandedly or via Citadel) and its only mandate was to prop up consumer confidence by preventing
