By EconMatters
It appears things are coming together for an OPEC Deal in 8 days, the Oil Market is inching up, and we think it breaks out of the recent trading range next week to the upside. Iraq appears to be on board for an OPEC Deal as of Friday!
https://www.youtube.com/watch?v=OJ_P33Quj48
Gold ETF Holdings have collapsed by 1.93 million troy ounces in the days since Donald Trump's election. This is the biggest decline since July 2013, a period when gold prices plunged to $1200 before ripping almost 20% higher in the next few weeks.
Bloomberg reports that traders have raised bets on higher borrowing costs following President-elect Donald Trump’s pledge to boost spending and as U.S. data pointed to an improving economy. That helped send a gauge of the dollar to a nine-month high.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Collapsing currencies, bond bloodbaths, soaring cost of funds, and crumbling crude... Fuck that! Stock indices are at record highs!!!!
Some context for the recent moves...
With US Treasuries the most oversold since 2007, Bloomberg reports that bonds around the world are headed for their steepest two-week loss in at least 26 years as President-elect Donald Trump sends inflation expectations surging.
The Bloomberg Barclays Global Aggregate Index has fallen 4 percent in the period through Thursday.