Mideast tensions are heating up as Iran Shoots Down US Drone: “You’ll Soon Find Out” if US Plans Strike Says Trump.
I expect cooler tempers will prevail but who knows?
US Treasury Yields
Gold Above Major Resistance
Finally!
Gold convincingly blasted above major resistance in place for three years. Gold needed to top $1377.50 and did. It closed at $1396.90.
A test of the $1340 to $1370 area from above is now likely. If it happens, buy the dip.
Mike “Mish” Shedlock
Interesting that its stayed above $1400 even with an expected early morning London takedown. Perhaps physical demand could be wagging the dog with Chinese and Russian buying.
I’ve never seen a one day move in gold like yesterday. My gut feeling is it will gradually decline over the next few days, but will remain in a long term gradual uptrend.
In the commodities sector, I guess investing in gold stocks will surely be profitable rather than other commodities. What say? I keep myself updated by reading various stock market news and through discussions as I feel these are the best ways to know current stock market trends.
In the story below, it seems like the USA economy is chugging along just fine. I can’t see why anyone should be crying for a rate cut. Who’s fooling who? Sounds like someone is getting snookered into buying gold and will ose their pants when it turns around.
The economy is booming. But are Americans’ finances healthier because of it?
June 20, 2019
If you had to grade the U.S. economy today, it would probably get straight As.
The country is a month short of the longest economic expansion ever. Unemployment is at 50-year lows. Stocks notched the longest bull market last year and are again nearing fresh highs. And U.S. home values hit a record high in the first quarter.
“The country is a month short of the longest economic expansion ever. Unemployment is at 50-year lows. Stocks notched the longest bull market last year and are again nearing fresh highs. And U.S. home values hit a record high in the first quarter.”
North Korea, like Chuck Norris, never stops expanding. After all, if the five year planners say “expand,” any bureaucrat dragging in different numbers, would no longer be employed.
Ditto “unemployment.” What kind of Dear Leader would Kim be, if unemployment wasn’t negative? Besides, anyone not picking cotton, needs to be beaten and whipped, until he either starts picking again, or is patently disabled.
And wow, the poor saps whipped into no longer being “unemployed” are being robbed sufficiently by debasement, to pump up petrocks.com, and similar pieces of paper, to ever greater heights. So that the idle, connected leeches who don’t have to be productively employed in order to live in splendor, can live in even greater splendor. While being even less productive!
All while noone, aside from the leeches who are being handed the loot obtained by the debasement, can any longer afford a roof over their heads!!
Wow, ain’t progressive, fully financliazed, totalitarian dystopias grand!! We should all cheer for Dear Leader, to do even more Dear Leader stuff!!!
Reminds me of 1999 and 2007. Right before the floor fell out.
No, this time its different.
The reason why unemployment is so low now is because the last President enabled us to get more education during the last downturn (thanks to generous student loans), so now we are much better workers and this increases the “value” (and price) of everything: stocks, houses, healthcare, you name it! We are all so much better now than before. Thank you Mr. President!
Gold up, treasuries up, stocks up, oil up, Bitcoin up … this is a freak show! And the dollar is the freak.
Soaring inflation from massive money printing will cause the dollar or the federal govt to near collapse by years end,it’s quite possible the dollar and the Trump regime collapses SIMULTANEOULY….either way,gold/silver lovin it!
I would look to China first. I would be dumping Chinese stocks and any Chinese paper that you have. Even shooting Chinese people, won’t stop Chinese people from trying to get their money out of banks and institutions.