The recent economic reports show that the current coronavirus crisis will be bigger than the Great Recession. What does it imply for the gold market? US Economic Data Paints a Gloomy Picture This week was full of new reports about the US economy. And guess what, I don&C...
Arkadiusz Sieron
|
April 22, 2020
|
The gold price made a new 2020 high today and looks poised to take out the nominal all-time high around $1,920 and then challenge $2,000 in the months ahead. Some are even estimating that gold could climb to $3,000 by year-end on account of the nearly $10 trillion in new mon...
Jason Hamlin
|
May 19, 2020
|
April job report shows a terrible US labor market. Coronavirus destroyed 20.5 million jobs, pushing the unemployment rate to almost 15 percent. How far does the number reflect reality – and what does it actually mean for the gold market? Apocalypse in the US Labor Market ...
Arkadiusz Sieron
|
May 13, 2020
|
Once again the DSI (Daily Sentiment Indicator) made an accurate call on a major top in gold and silver. The DSI reached nosebleed territory for gold about four weeks ago suggesting the metals were nearing shoal waters. Silver and platinum got stupid a week ago and I su...
Streetwise Reports
|
September 13, 2019
|
The rich are getting richer, inequality is on the rise, and the middle class, the backbone of the US economy since the 1950s, is shrinking. In 2018 the three highest-paid chief executives in the United States earned more than the output of several countries. Tesla&Close...
Richard (Rick) Mills
|
March 19, 2020
|
The recent job report is not reliable, but it shows recovery in the US labor market. The situation is still bad, but optimism could triumph for now, which is bad for gold. On Friday, the Bureau of Labor Services released the newest edition of the Employment Situation Repo...
Arkadiusz Sieron
|
June 9, 2020
|
There is a true havoc in the US labor market, while inflation rate has declined. What does it mean for the gold market? True Pandemonium Emerges in the US Labor Market This week was full of economic data. Let’s analyze them, starting, as usual, from the ...
Arkadiusz Sieron
|
May 19, 2020
|
Back in the Dark Ages, before cellular phones and the Internet, I was studying to complete the Ontario Securities course one afternoon when I came across the part discussing "asset allocation" and "portfolio construction." This section covered the recommended mix of bonds...
Streetwise Reports
|
April 14, 2020
|
I was pacing around the house this lovely but cold Friday afternoon (after finally having the water supply restored after our well filed for unemployment benefits), trying desperately to think of a topic to write about in this weekly missive, when it suddenly occurred t...
Streetwise Reports
|
May 15, 2020
|
The recent employment report points to the continuing strength of the U.S. labor market. The earlier months’ upward revisions paint the same picture. Yet the unemployment rate ticked higher – is a recession looming, or not? And what does it all mean for gold? ...
Arkadiusz Sieron
|
November 5, 2019
|