Fed's Dudley says good-bye to bonds, and S&P downgrades a swath of US banks. Expect bank troubles to be made worse by the devaluation of commercial real estate.
Mining stocks' performance depends heavily on management acumen, the regulatory environment, sentiment on Wall Street, and costs for capital, labor, and energy.
If countries get past their differences and agree to a gold-backed common currency, then the symbolism of holding one another’s gold will be huge. The precious metal is the perfect arbitrator.
Moriarty comments on Michael Burry's recent big short of $1.6B and his prediction of an upcoming stock market crash. The extremes of emotion show a market top.
Precious metals markets are extending their losing streak as the U.S. dollar pushes higher. The Dollar Index rose for a fifth straight week through Thursday's close.
A gold-backed digital currency probably makes the most sense and it’s likely to start with the BRICS, which have already made significant de-dollarizing strides.
