Precious metals are apparently waking up. And here is where you can find the best deals.
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its outperformance during the week suggests a shortage in physical and paper markets, which the bullion houses are reluctant to supply by the creation of yet more contracts.
Sep 26, 2016 - 08:11:31 PDT
This coming week could see one of the most anticipated financial events since central banks began their unprecedented policies of money expa...
CNBC's Rick Santelli reports on data on new home sales in August.
Since 1999 year-end through 2015 home prices have risen 76% while household mean real income has grown less than 2%;
Sep 26, 2016 - 07:46:46 PDT
The Cass Corporation Freight Index - Shipments index slumped in August, to the lowest level for August since 2010. And it was even lower than August 2008 during The Great Recession. The index measures North American freight volumes. Of course, August 2009 was the lowest on record since 1999. It looks like truckers now have the opportunity…
Sep 26, 2016 - 07:44:08 PDT
According to the Wall Street Journal, “Sales of previously owned homes fell 0.9% from a month earlier to an annual rate of 5.33 million, the National Association of Realtors said Thursday." But that figure quoted by the National Association of Realtors (and repeated by the venerable Wall Street Journal) is based on SEASONALLY ADJUSTED sales.…
Over 7 years of supply.
Purchases of new U.S. homes dropped in August after surging a month earlier to the fastest pace since 2007, representing a pause in momentum within residential real estate.
Chart Of The Day:
Sep 26, 2016 - 07:32:56 PDT
Not since Harry Truman will a new leader enter office with a higher debt-to-GDP ratio. And for the first time in decades, the new president will face the specter of widening deficits despite a growing economy.
Sep 26, 2016 - 07:29:34 PDT
"In The End, Central Banking Monetary Magic Is All Nonsense, Empty Formulas, Illusions"Sep 26, 2016 - 07:25:20 PDT
You see, when you’re unsure what’s most frightening, you insure against everything. But in the end, central banking monetary magic is all nonsense, empty formulas, illusions.
We are still waiting for the fat lady to sing on whether or not Deutsche Bank shares are totally worthless, but meanwhile, hardly anyone was on the right side of the trade.
Stocks are on track for a lower open following a downturn in overseas markets and a potential ramp-up in volatility; S&P -0.4%, Dow and Nasdaq -0.5%.
Jeff Rhodes, chief executive officer at Zee Gold, discusses gold prices and his outlook for gold and other precious metals. He speaks to Yousef Gamal El-din on "Bloomberg Markets Middle East." (Source: Bloomberg)
If you summon an Uber in 10 years’ time, you will probably get a car that drives itself. But then again, you may not be travelling in a car at all.
Elon Musk is preparing to reveal further details of his hugely ambitious plan to build a city on the surface of Mars. Tomorrow, the billionaire’s SpaceX is holding an event called “Maki…
What is really important to us is our credit story which is very strong, it is fundamentally strong.”
If only the market agreed.
Shares in Germany’s largest bank have hit rock bottom on Monday as Chancellor Angela Merkel reportedly refused to provide Deutsche Bank state aid in its legal battle with the United States Department of Justice (DoJ).
Gold surged sharply this week after the Yellen Fed yet again chickened out on raising its benchmark interest rate. Gold-futures speculators’ irrational fear of Fed rate hikes has been a […]