The Biggest Drop of GOLD price in Seven Years after bond yields spiked higher
The rally that pushed gold to record heights above $2,000 an ounce has come to an abrupt halt, with the haven metal posting the biggest drop in seven years after bond yields spiked higher. Treasury bond yields climbed, cutting into the negative real rates that had supported the metal. The 10-year Treasury yield jumped the […]
Bear Market for the US Dollar and Good News for Gold
After forming a double top stretching back more than three years, the U.S. Dollar Index broke down decisively. With the dollar’s follow-through to the downside in late July, a nine-year up trend was smashed. As my work projected, this launched a new bear phase for the dollar. One of the first things to jump out […]
Bloomberg Billionaires Index says Facebook creator Mark Zuckerberg’s net worth passed $100 billion
Mark Zuckerberg’s net worth passed $100 billion for the first time Thursday after Facebook Inc. hit a record high on optimism about the release of its TikTok competitor Reels. The 36-year-old joins fellow tech titans Jeff Bezos and Bill Gates as the only people in the world who currently have centibillionaire status, according to the […]
Trump issues executive orders against TikTok and WeChat, citing national security concerns
President Donald Trump signed a pair of executive orders prohibiting U.S. residents from doing any business with TikTok, WeChat or the apps’ Chinese owners beginning 45 days from now, citing the national security risk of leaving Americans’ personal data exposed. The move coincides with Trump’s push for the sale of TikTok, the popular video app […]