July 2019 - Week 1 Edition
Democratic Debates Focus on “Spend, Spend, Spend” – Boosting Budget Deficits (and Gold
The first two Democratic candidate debates last week promised enormous amounts of new spending on several new programs, guaranteeing huge and rising deficits for as far as the eye can see. Peggy Noonan’s weekend Wall Street Journal column summarized the second debate: “The first 15 minutes included higher taxes, free college and student-loan forgiveness [and] most candidates agreed on free health insurance.”
July 2019 - Week 1 Edition
Democratic Debates Focus on “Spend, Spend, Spend” – Boosting Budget Deficits (and Gold
The first two Democratic candidate debates last week promised enormous amounts of new spending on several new programs, guaranteeing huge and rising deficits for as far as the eye can see. Peggy Noonan’s weekend Wall Street Journal column summarized the second debate: “The first 15 minutes included higher taxes, free college and student-loan forgiveness [and] most candidates agreed on free health insurance.”
July 2019 - Week 1 Edition
Democratic Debates Focus on “Spend, Spend, Spend” – Boosting Budget Deficits (and Gold
The first two Democratic candidate debates last week promised enormous amounts of new spending on several new programs, guaranteeing huge and rising deficits for as far as the eye can see. Peggy Noonan’s weekend Wall Street Journal column summarized the second debate: “The first 15 minutes included higher taxes, free college and student-loan forgiveness [and] most candidates agreed on free health insurance.”
July 2019 - Week 1 Edition
Democratic Debates Focus on “Spend, Spend, Spend” – Boosting Budget Deficits (and Gold
The first two Democratic candidate debates last week promised enormous amounts of new spending on several new programs, guaranteeing huge and rising deficits for as far as the eye can see. Peggy Noonan’s weekend Wall Street Journal column summarized the second debate: “The first 15 minutes included higher taxes, free college and student-loan forgiveness [and] most candidates agreed on free health insurance.”
June 2019 - Week 4 Edition
Global Tensions Push Gold Up to $1,400 for the First Time Since 2013
Gold reached $1,420 Monday for the first time since August 2013, mostly over fear of war with Iran. Also, European Central Bank (ECB) President Mario Draghi signaled an interest rate cut for the euro, which is already characterized by negative rates (-0.3% for 10-year German bonds) plus more money printing (“quantitative easing”).
June 2019 - Week 3 Edition
Gold Rose to a 14-Month High
Gold rose to a 14-month high of $1,344 on Friday (Flag Day). After correcting to $1,325 mid-week, gold shot up $20 on Thursday and Friday over concerns about rising Middle East tensions and the sagging health of China’s economy. Gold has now risen in 12 of its last 13 trading days, reaching its highest price since April 2018.
June 2019 - Week 3 Edition
Gold Rose to a 14-Month High
Gold rose to a 14-month high of $1,344 on Friday (Flag Day). After correcting to $1,325 mid-week, gold shot up $20 on Thursday and Friday over concerns about rising Middle East tensions and the sagging health of China’s economy. Gold has now risen in 12 of its last 13 trading days, reaching its highest price since April 2018.
June 2019 - Week 2 Edition
The Prospects for Lower Global Interest Rates is Lifting Gold Prices
Interest rates have been near zero or below zero in much of Europe and Japan for five years and now rates are careening down in America, too, with the widely watched 10-year Treasury bond rate approaching 2%.
June 2019 - Week 1 Edition
A Short Summary of Why Gold is Going Up
Gold surged $45 in the last week from $1,280 to $1,325, and $55 in the last month. Gold is now at its highest price since last February. By comparison, the Dow Jones index fell 6.7% in May and the S&P 500 fell 6.6%, giving gold more than a 10% advantage over stocks in the last five weeks.
June 2019 - Week 1 Edition
A Short Summary of Why Gold is Going Up
Gold surged $45 in the last week from $1,280 to $1,325, and $55 in the last month. Gold is now at its highest price since last February. By comparison, the Dow Jones index fell 6.7% in May and the S&P 500 fell 6.6%, giving gold more than a 10% advantage over stocks in the last five weeks.
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