$XAU $GLD $USD Gold is an asset that will never produce anything, but that does not mean it will never produce a profit for investors. Gold prices moved lower Thursday and consolidated in a tight range as USD initially moved higher. This happened despite slightly better than expected EU PMI Flash numbers. The Jackson Hole […]
$DIA, $SPY, $QQQ, $RUTX, $SOY, $VXX Wall Street closed mixed following weak data, and 2 Fed commentors from Jackson Hole China bought a small volume of US soybean last week after pledging on 5 August to halt purchases of American farm products due to the escalating trade dispute, the US Department of Agriculture data showed […]
Fed Chairman Powell comes to this year’s meeting of central bankers in Jackson Hole, WY, wedged between discord within the FOMC over appropriate monetary policy and mounting market pressure for more interest rate cuts. In navigating that gap, Chairman Powell is unlikely to use his Keynote speech Friday at the Kansas City Fed’s annual economic […]
Fed Chairman Powell opens the central bank’s annual Jackson Hole symposium Friday with a speech on the challenges for monetary policy. A deglobalization shock ignited by President Trump’s trade policy; super low interest rates, including $16.7-N in negative-yielding bonds; a never-ending presidential assault on the Fed; and a rising risk of a US and worldwide […]
Gold Has Broken Through the Psych Resistance at $1300 oz, Next? $GLD Gold has broken the 1,300 0z the Psych resistance mark that has held since October 2016. Today the metal trades at 1,324. This rise is being attributed in part to a weakened USD after the head of the ECB refrained from talking down […]
US Market and Asian Markets Quiet Ahead of Jackson Hole $DIA, $USO, $UGA, $GLD Investors continued to remain on the sidelines in anticipation of the Jackson Hole Symposium Friday. All of the US major indices all posted moderate losses again in light trading, with a counter trend for small caps, as the Russell gained 4 […]
Yellen and Draghi Open Jackson Hole Symposium Friday $USD, $DXY, $EUR The Jackson Hole Symposium is this week’s most anticipated event, in part due to a severe lack of other newsworthy market stories but also because two very important central bankers are scheduled to appear. The Fed and the ECB are not only 2 of […]
Neverland Ranch Back on Market, Price Slashed Michael Jackson’s Neverland Ranch in California is back on the market at a reduced price of $67-M and with no mention of the late pop star in the real estate listing. The sprawling 2,700-acre (1,100-hectare) estate, which once featured a zoo and theme park rides and where Jackson […]