Where are we Now?
Dow down 296 points yesterday — or just under 2%.
Cruz and Clinton win the Iowa caucuses. Oil is back below $30.
An election has been described as two wolves and one lamb voting on what to have for dinner.
Actually, there was never any doubt about what was on the menu. An election is really when the wolves scrap over who gets the choicest pieces.
To bring... read more
Gold jumps above $1,150 as U.S. dollar collapses to 3-month low
CommoditiesFeb 04, 2016 08:46AM ET
© Reuters. Gold jumps above $1,150 an ounce© Reuters. Gold jumps above $1,150 an ounce
Investing.com - Gold futures rallied to the highest level since late-October on Thursday, as the U.S. dollar collapsed amid growing skepticism over the Federal Reserve's... read more
On the heels of some fireworks in the gold market this week, along with the mining shares, are we seeing signs that a new gold rush is now taking place?
Today KWN will be interviewing legendary Barron’s Roundtable Panelist Felix Zulauf…
But first, the following commentary is from Jason Goepfert at SentimenTrader: Traders have moved than $750 million into the main gold fund, GLD,... read more
The psychology dominating the minds of most institutional investors over the past few years has been that things were slowly getting back to normal. This has weighed on institutional demand for gold in a big way, and been a meaningful factor in the bear market (manipulation aside).
If this psychology shifts, the shift back into gold could be very meaningful.
While that backdrop is interes... read more
With the dollar plunging more than 2 percent and crude oil surging 9 percent, today Bill Fleckenstein warned that the gold market may spike at any time as gold is poised to rip higher. Also included is a bonus Q&A.
By Bill Fleckenstein President Of Fleckenstein Capital
– Overnight markets were mildly weaker, with the exception of Japan, which was 3% lower, and for no particular reas... read more
Hayman Capital Management founder Kyle Bass has been ringing the alarm bells about China's banking system and the yuan for months, and now he says the day of reckoning could be just months away.
The premise of Bass' bet goes like this: China's banking system has grown to $34.5 trillion, equal to more than three times the country's GDP. The country is due for a loss cycle as cracks begin to... read more
On the heels of the dollar tumbling nearly 2 percent and the Nikkei plunging more than 3 percent, two legends just issued major alerts.
Two Legends Just Issued Major Alerts Two Legends Issue Major Alerts
First, here is a portion of today’s note from legend Art Cashin, which references what Nomi Prins was warning KWN about yesterday. As always, Cashin gets right to the heart of what coul... read more
Major retailers in the United States are shutting down hundreds of stores, and shoppers are reporting alarmingly bare shelves in many retail locations that are still open all over the country. It appears that the retail apocalypse that made so many headlines in 2015 has gone to an entirely new level as we enter 2016.
Submitted by Michael Snyder, End of the American Dream:
As ec... read more
With continued volatility and fear increasing in global markets, today King World News is pleased to share Bill Fleckenstein’s fantastic wrap, plus a bonus Q&A!
– Overnight markets were basically all lower, with the exception of China, which gained about 3%. Somewhat suspiciously, the SPOOs were about two-thirds of a percent lower last night for no particular reason, which I thought was... read more
Gold steadied after touching a new three-month high on Tuesday, still supported as global growth concerns and a further drop in the oil price pushed investors towards safe-haven assets.
Weak Chinese manufacturing data on Monday underscored the challenges for the world economy and volatility in oil and other assets is supporting gold, typically a haven from market turmoil.
"In the near te... read more
