Sun. Oct 6th, 2024
  • Goldman Sachs: Gold to Hit $2,900 by 2025
    The golden bull is charging – are you ready to ride? Why Goldman Sachs just raised their gold forecast... again
  • Crude Prices Climb as Israel-Iran Conflict Threatens Oil Flow
    Oil prices have surged due to escalating tensions in the Middle East, with Brent crude and WTI futures both rising over 5% to reach one-month highs. The market is concerned about potential disruptions to global oil supply, particularly if Israel targets Iranian oil infrastructure. President Biden's ambiguous comments about supporting such actions have further fueled […]
  • Robust Jobs Data Puts Pressure on Gold, Boosting Dollar
    Gold prices declined slightly Friday morning following a stronger-than-anticipated U.S. jobs report, which strengthened the dollar and reduced expectations for a significant Federal Reserve rate cut in November. The robust employment data, showing accelerated job growth and lower unemployment, suggests less pressure on the Fed to implement aggressive rate cuts.
  • Port Strike Suspended: Workers Return as Negotiations Continue
    The port strike involving tens of thousands of dockworkers along the East and Gulf Coasts of the United States has been suspended following a tentative agreement on wages between the International Longshoremen's Association and the U.S. Maritime Alliance. The deal includes a significant wage increase and extends the current contract until January 15, 2025, allowing […]
  • "It's SOON, Time To Get Prepared For Something Huge" | Mike Maloney (30 Seconds to Midnight)
    In this eye-opening video, Mike Maloney dives deep into the economic warning signs that signal an impending financial crisis.
  • The October Effect: Why Market Downturns Happen and How Gold Can Be a Safe Haven
    As autumn leaves begin to fall, investors often feel a chill that has nothing to do with the weather.
  • Refinancing Boom: 6% Mortgage Rates Spark Homeowner Interest
    As mortgage rates approach 6%, a refinancing wave is gaining momentum. Mortgage applications have surged, with volume last week tripling compared to the previous year. Homeowners who bought when rates were above 7% can now save hundreds of dollars monthly by refinancing. While not yet at pandemic-era levels, the trend is significant and could intensify […]
  • Dockworkers' Strike: A Harbinger of the Automation Age Labor Struggle
    The dockworkers' strike against automation highlights a growing trend of workers across various industries pushing back against technological advancements that threaten job security. This labor action reflects a broader societal concern about the impact of automation and AI on employment, with unions taking proactive measures to protect their members' interests in the absence of comprehensive […]
  • Oil Prices Spike as Biden Hints at Possible Israeli Strikes on Iranian Energy Assets
    President Biden's comments on potential Israeli strikes against Iranian oil facilities have caused a significant surge in oil prices, raising concerns about global supply disruptions. The market's reaction reflects heightened tensions in the Middle East and the possibility of escalating conflict between Israel and Iran, which could impact a region responsible for about one-third of […]
  • Gold Demand from Central Banks Cools in August, but Remains Positive
    Central banks continued to accumulate gold in August 2024, albeit at a slower pace compared to earlier in the year. Net purchases totaled 8 tonnes, the lowest since March, with emerging market central banks leading the buying. Poland, Turkey, and India were the top purchasers, while Kazakhstan reduced its holdings. Despite the moderation in demand, […]