Warren Buffett is considered the most successful investor of our time. One of the indicators that he follows is the stock market’s total valuation to GDP, which is now flashing red. Buffett’s Berkshire Hathaway currently holds in excess of $128 billion in cash. The vertical grey lines in the chart are major recessions. Note how
There was a time when going to work for a major U.S. corporation set Americans on a path to the middle class with secure retirements. No more.
Not seen in the news, but the national debt rose $621 billion in the 4th quarter. That’s at an annualized rate of nearly $2.5 trillion.
Not only have central banks added to their gold holdings, so have gold-backed ETFs.
Record-breaking central bank and ETF buying boosted 2019’s first half demand to a three-year high, according to the World Gold Council. Also contributing to demand was a more positive environment for Indian consumers, which have always been big jewelry buyers.
Gold is down $30 today because of massive selling on the COMEX on a day when illiquidity abounds. Because the 4th fell on Thursday, making for a four-day weekend, the manipulators took advantage of it. Monday will be a significant day for both gold and stocks as investors reassess their outlooks. The Dow Industrials are
Primarily because of the strength of the dollar relative to other currencies, gold has been stuck in the $1275 for the past month. In the other major currencies, gold has risen as those currencies have fallen against the dollar.
Opposition to publicly-traded corporations buying back their stock is developing into a hot political issue that may sink the stock market. The amount of money used in buybacks is astounding.
In September, when gold was trading in the $1200 range, Morgan Stanley, a major Wall Street investment house, predicted $1300 gold by year end. It’s now year-end, and gold did not hit $1300; however, it did climb to $1280, making the forecast a really good one. Two developments that Morgan Stanley thought could send gold
Over the last two weeks, the Dow Industrials rose eight of the ten sessions, tacking on more than 800 points for a 3.2% increase and spreading optimism that the bull market is back on track. The Dow hit two records highs this week. According to the Wall Street Journal, investors seems less concerned about the