Bitcoin topped $1200 overnight for the first time, bringing it ever closer to the price for an ounce of gold...
As Bloomberg notes, a ten-day rally for the cryptocurrency has narrowed its gap with the precious metal to the smallest on record.
Each asset has been touted as an alternative to regular currencies, because of constraints on their supply and the capacity they offer to sidestep governments.
Partity looms once again...
When it comes to the latest US stance vis-a-vis China's currency manipulation, the jury is out, and based on two recent statements it is more confused than ever.
Gold Up 9% YTD - 4th Higher Weekly Close and Breaks Resistance At $1,250/oz
In the immortal words of Chuck Schumer: "Get back to work Mr. President..."
From the S&P to Switzerland, and from China to The CAC - global equity markets are in the red this morning, just a day after Treasury Secretary Mnuchin told the world that Trump's presidency was a 'mark to market' administration.
Europe extends yesterday's weakness...
Still a long way to go yet...
Are US banks about to play catch down?
Who's right? Bonds or Utility Stocks?
The near-record string of 10 consecutive Dow Industrials record highs, a streak not seen since early 1987, may be about to end if futures, which are currently trading -0.3% lower, fail to stage a rebound.