New Deal democrats Weekly Indicators January 19-23
– by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
The trends from last year are continuing so far this year. On the plus side, initial jobless claims are very low while stock prices continue near all time highs, and consumer spending is on a tear. On the minus side, the US$ started sliding again, and commodities, and in particular precious metals, are soaring – a bet against the US and its economy on a global scale.
Also at Invezz: “Gold prices edged closer to the historic $5,000 mark on Wednesday as the precious metal breached $4,800 per ounce for the first time ever.
Meanwhile, silver prices also hovered near their record highs as safe-haven demand for the precious metals continued to rise.
Oil prices rose for most of the day as investors assessed a shutdown at two large fields in Kazakhstan and geopolitical tensions.” Also:” Commodity wrap: gold tops $4,800 on geopolitical jitters; base metals, oil climb”
As usual, clicking over and reading Weekly Indicators will bring you up to the virtual moment as to all these trends, and bring me a penny or two for collecting, collating, and presenting the data in organized fashion.