Business

Almost every other day I read an article telling me that owning Gold is dumb or that Gold is doomed as an investment.

These articles would be useful or insightful if they weren’t based on “analysis” that is either misleading or downright wrong.

To whit…

Gold has absolutely CRUSHED stocks since 2000. During this period we’ve had two of the biggest stock market bubbles in history. Yet Gold’s performance has made stocks’ performance look like a flat-line.

H/T Bill King.

US Treasury yields are collapsing across the entire curve, down  9-10bps from their pre-opening highs this morning. While 10Y pushed belwo 1.80% (to one-year lows), it is 5Y yields that have traders the most anxious as they look to break out below three-year channel lows...

What happens next?

Submitted by Yonathan Amselem via The Mises Institute,

The bid for precious metals is accelerating. Gold just broke above its October 2015 highs to 8-month highs. Silver is also bursting higher, soaring above its 200-day moving-average.

Gold at 8-month lows...

Silver breaks 200DMA...

As Gold continues to suggest The Fed screwed up...

FANG stocks are collapsing in the pre-market as faith in the "growth at any cost" meme crashing on the shores of reality once again. Now down over 16% from their post-Fed-rate-hike highs, the stocks you should never sell are being sold in size as large crowds and small doors press NFLX and AMZN (and TSLA for good measure) down over 30% year-to-date. Even Mark Cuban is hedging...

It's carnage in the pre-open...

"For those of following my stock moves, I just bought puts against my entire Netflix position," Cuban posted on the site.