gold-price-rips-lower-after-massive-selloff-as-dollar-spikes,-dow-hovers-near-all-time-high

Gold plunged 1.5% on Tuesday as risk-off assets suffered. U.S. services PMI improved more than expected in October, according to the Institute for Supply Management. U.S. dollar hits three-week high against a basket of currencies. The price of gold plunged on Tuesday, wiping out more than a week’s worth of progress as keener appetite for…

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nearly-1/3-of-americans-believe-this-myth-about-the-us-dollar

Nearly one-third of Americans falsely believe that the US dollar is backed by gold, and 70% don’t know what is backing it. That’s just the tip of the iceberg when it comes to US financial illiteracy, however. A new study reveals just how little Americans know about how their money works. An eye-opening new study…

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global-us.-dollar-shortage-to-benefit-bitcoin,-says-crypto-twitter’s-biggest-bull

Many have been bearish on bitcoin after the dominant cryptocurrency breached support of $9,000 in September. The month-long consolidation around $8,000 is not helping either. It is only giving bitcoin haters more reason to scream their bearish outlook. Peter Schiff forecasting bitcoin to plummet to $2,000. | Source: TwitterBitcoin’s technicals may not be pretty but…

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the-greatest-us.-dollar-squeeze-is-‘loading,’-says-liquidity-game-theorist

The world is facing a crisis that makes the U.S.-China trade war nothing but a distraction. If you find this hard to believe, just look at this tweet by global macro strategist Teddy Vallee, which was later retweeted by Luke Gromen, founder of Forest for the Trees, a macroeconomic research firm. Luke Gromen agrees that…

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gold-price-tumbles-as-signs-of-pervasive-dollar-shortage-emerge

The price of gold tumbled on Monday and threatened to slip below $1,500 an ounce after the precious metal became more expensive for holders of foreign currencies. Under normal circumstances, dollar-denominated gold and other precious metals tend to fall when the greenback strengthens. Gold Price Tumbles; Silver Follows Futures on December gold tumbled all the…

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massive-us.-dollar-shortage-to-weaken-economic-activity-and-keep-markets-volatile

Most people are engrossed in the trade war and how it affects the stock market. Only a handful of people can see what’s actually happening behind the curtains. The surging rates in the repo market last month was a signal of a looming crisis obscured to the general population. It is veiled not because the…

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gold-price-is-crashing:-3-reasons-why

The price of gold plunged anew on Monday, extending last week’s slump as the U.S. dollar notched fresh two-year highs and stocks resumed their upward momentum. Futures on December gold delivery reached a session low of $1,472.20 a troy ounce on the Comex division of the New York Mercantile Exchange, putting them on track for…

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dow-cuts-losses-as-recession-fears-drive-us.-dollar-to-two-year-highs

The Dow and broader U.S. stock market trimmed their losses in late afternoon trading Thursday, as the dollar surged to its highest level in two years over global recession fears. Dow Cuts Losses; S&P 500, Nasdaq Hold Lower All of Wall Street’s major indexes ended in negative territory,  mirroring a tepid pre-market for Dow futures.…

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gold-price-plunges-3%-as-fed’s-repo-operation-ignites-dollar-shortage-fears

The price of gold was under pressure Friday, extending a weeklong slump that saw the U.S. dollar rise to multi-year highs against a basket of currencies. Gold Tumbles; Silver Follows Futures on December gold delivery reached a session low of $1,493.30, putting them on track for their lowest settlement in over a month. The contract…

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dow-recoils-after-trump-trade-guru-dangles-100%-tariff-threat

The Dow’s dramatic reversal sputtered on Thursday, as the post-Fed rally ran out of steam amid a burgeoning crisis in the Middle East and warnings that China tariffs could go as high as 100%. Supporting the Dow, bulls appear to be ignoring the fact that the FOMC is technically in a holding pattern, preferring to…

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