Gold All Time Highs: Is $3000 Next?
Submitted by QTR's Fringe Finance
Things are back to “normal” in markets after last week’s Yen carry trade crash — but that doesn’t mean the normalcy is going to last.
The market is still sending messages: gold hitting all time highs says that traders are worried, perhaps about geopolitical risk, inflation, high rates or all of the above.
With 5.5% rates, even a 50bps rate cut in September is going to have limited effect on preventing what I believe will be a liquidity trainwreck in markets over the next few quarters.
But despite my generally bearish outlook, this week I wrote about 3 technology stocks that are a bit outside my “defensive” market outlook right now, that I would dabble in:
3 Tech Stocks That Don't Suck Ass
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This week I also blew the roof off of Kamala Harris’ idiotic pivot to cancelling taxes on tips — an idea that exposes her as a flip flopper since her very own IRS instituted a policy in 2023 to try and collect more tips from service workers:
Tip Tax Toe
Looking deeper into the financial conundrum the U.S. has gotten itself into, I also published a piece looking deeply into what $6.5 trillion in money printing has really achieved for the country (hint: money printing doesn’t create prosperity):
What Did $6.5 Trillion in Money Printing Achieve?
Finally last week I published an article questioning whether or not we could have done more to prevent Thomas Matthew Crooks from turning into a 20 year old who made an attempt to assassinate President Trump:
The Broken Life of Thomas Matthew Crooks
Here’s some other recent popular posts from the blog:
Gold Allocations Still "Very Low", Silver A "Very Special Metal"
"Gross Malpractice": Blackwater's Erik Prince Slams Secret Service
Robotaxi Collapse "Conveniently" Follows $250B Tesla Stock Surge
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