Biden is deliberately creating labor shortages to boost wages and inflation says Mark Skousen
The Biden Administration has maintained the stimulus check program of $300 a month to disincentivize people from returning to work, thereby creating a labor shortage and indirectly cause wages to rise, said Mark Skousen, editor-in-chief of Forecasts & Strategies. “I…
Why did Friday’s jobs report miss expectations? Is the economy in trouble?
Friday’s nonfarm payroll report showed that the U.S. economy added 559,000 jobs in May, slightly shy of consensus expectations of 675,000. The unemployment rate is now at 5.8%, the lowest level since the start of the pandemic. Alain Corbani, portfolio…
AMC, Dogecoin explode, can prices continue to skyrocket? Gareth Soloway
AMC shares climbed nearly six fold since mid-May, but news Thursday that the company would sell 11.5 million shares triggered a 20% selloff pre-market. Gareth Soloway, chief market strategist said that more downside action is expected. Soloway discusses with David…
Gold price tumbles $40, will it collapse back to $1,700? Watch these warning signs – Jim Wyckoff
Gold fell 2% on Thursday, but this is just reflective of routine profit taking, said Jim Wyckoff, senior analyst of Kitco News. Importantly, the U.S. dollar has moved up on Thursday’s session, likely as a consequence of having fallen for…
Inflation is not a concern; these trading signs are much more important – Bill Baruch
Spikes in commodity prices, as well as used cars and trucks, are likely to remain transitory said Bill Baruch, adding that the Federal Reserve was right about inflation projections. “Inflation really is not a concern for me. Here’s the thing,…
Will gold price continue ‘stellar performance’? It all depends on this, says Gary Wagner
Gold’s surge to $1,900 an ounce this past month was due largely in part to U.S. dollar weakness, which itself is a function of fiscal spending from the U.S. government as part of Biden’s infrastructure bills. The question is, can…
$150 silver and $3k gold? Expect summer ‘fireworks’ from inflation, Basel III – Lobo Tiggre
Although the year-on-year inflation data may decline in the next consumer price index (CPI) release given how low the base was last year, the month-on-month increase could spike, triggering gold price rally, said Lobo Tiggre of the Independent Speculator. “Watch…
Gold will finally outperform Bitcoin, but for how long? Florian Grummes
Over the next few weeks, gold is set to outperform Bitcoin, said Florian Grummes, managing director of Midas Touch Consulting. The question is how long this outperformance can last? __________________________________________________________________ Kitco News is the world’s #1 source of metals market…
Why MindMed stock doubled in one day – JR Rahn
The day MindMed listed on the NASDAQ in late April, the share price more than doubled in one day from $2.73 a share to $5.80. JR Rahn, CEO of MindMed, discusses with David Lin, anchor for Kitco News, who the…
Fed ‘forced’ to raise rates this year; stocks to throw tantrum, gold to rise – Todd Horwitz
The bond market is already signaling a rate hike from the Federal Reserve this year, according to Todd “Bubba” Horwitz of BubbaTrading.com. “I think they’re going to be forced, by the bond market, to raise rates this year. I think…
