Where Are Stocks Headed Next? Following the Money Offers a Big Clue
Changes in the U.S. money supply can tell investors a lot about the economy and stock market.
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Changes in the U.S. money supply can tell investors a lot about the economy and stock market.
Inflows to gold ETFs have remained muted this week but the bullion price again tested a break through $2000 per ounce Friday, heading for its highest-ever weekly finish in Euro terms and a new UK Pound record as shares in Deutsche Bank sank yet again
CPI data released Friday shows consumer prices in the United States climbed 6.8% in November compared to 12 months ago.
Wow. Everything seems to be surging in price. Yesterday, I wrote about rising food prices along with rising lumber prices. A former Ohio State University student, Brett Reid, asked me about alternative building material prices since lumber is getting so expensive. Well Brett, here are the rising futures prices of steel rebar and iron ore. I threw in aluminum prices for the sake of comparison. Yes, steel rebar and iron ore futures prices are skyrocketing too, On the sovereign debt front, we see the 10-year yields on US and German sovereign debt increasing as well.
Bitcoin Explodes Towards $52,000 as Gold Forms Bearish Death Cross Bitcoin achieved yet another record high in a price rally that has already seen it surging by more than 1,100 percent from its March lows last year. Incidentally, gold, which many consider Bitcoin’s top safe-haven rival, painted a death cross pattern on its daily chart. A recent run-up in the long-dated Treasury yields, prompted by a sell-off in the US bond markets following investors’ gravitation towards riskier assets, pressured the spot gold prices lower. The precious metal dropped by almost 9 percent from its year-to-d...