The recent avalanche of bad news for Tesla has refused to stop this morning, when former Tesla cheerleader, Goldman Sachs analyst David Tamberrino, announced he was cutting the company's stock rating to "Sell", slashing his price target to $185, and predicting 28% downside from current prices. TSLA stock was down -2.3% in premarket trading on the Goldman report.
This holiday-shortened week (Monday was President’s Day in the US), the price of the dollar fell. In gold, it fell almost half a milligram to 24.75mg, and prices in silver it dropped 30mg, to 1.7 grams of the white monetary metal. Flipped upside down, gold went up 23 notes from the Federal Reserve, and silver appears to go up by 41 cents.
Below, we will show the only true picture of the gold and silver supply and demand fundamentals. But first, the price and ratio charts.
President Trump's crackdown in illegal immigration means more wall-building, more ICE agents, and a notably bigger budget for the border patrol program. As the following chart shows, that would be an extreme departure from the stagnant spending on our nation's borders by President Obama.
As Statista's Dyfed Loesche notes, the overall enacted budget for the U.S. Border Patrol program has risen steadily since the 1990s... until 2011 - when President Obama appeared to kill any further spending...
You will find more statistics at Statista
Submitted by Daniel Drew via Dark-Bid.com,
Warren Buffett released his annual letter over the weekend, in which he praised Jack Bogle as his "hero" for promoting index investing. The irony is that investors would have been better off buying Berkshire shares. Over the last 10 years, Berkshire stock is up 139% while the S&P 500 is up 71%. The real question is why Buffett just doesn't tout his own stock rather than promote index investing. He tries to explain himself:
Not only is the Trump rally over, but stocks are the last to get the memo. That's the current market summary according to DoubleLine's Jeff Gundlach who told Reuters that "there is a stealth flight to safety going on."
Among key indicators, Gundlach pointed to German Bunds and especially Schatz (2Yr), noting that "German bond yields are leading the way down," adding that "Gold is rising." He also warned that "speculators remain massively short bonds and the market is going to squeeze them out."