The Media Is Lying! THIS Is The Real Reason Behind The Market Selloff
Added 2024-09-05 02:10:17 +0000 UTCMarket Recap:
00:00 Intro
1:15 Market Commentary: Domino Effect
19:30 Market Performance: Dow Escapes
22:00 Heat Map: Signs Of Hope
25:35 Commodities: Buy Wheat?
26:40 Options: Reverse Diagonal Spreads
34:10 Charts: VIX Inverse ABC?
45:45 Outlook
Outro Music: I Feel You by Kevin MacLeod
Comments
YEN MA GEDDON! DEFCON 2
AURUM
2024-09-05 21:39:54 +0000 UTCLayoffs jump in August while hiring in 2024 is at a historic low, Challenger report shows Layoffs soared in August, hitting their highest total for the month in 15 years, while year-to-date hiring hit the lowest in the 19 years of a Challenger, Gray & Christmas survey. Announced job cuts totaled 75,891 for the month, lurching 193% higher than July. Though the total was just 1% higher than the same month in 2023, it was the highest number for August going back to 2009, as the economy was still escaping the worst of the global financial crisis. Payrolls processing firm ADP reported Wednesday that private companies added just 99,000 workers in August, the smallest gain since January 2021.
Pete
2024-09-05 19:30:25 +0000 UTCDXY is approaching 101........Will the DXY be below 100 before September 18th....Got GOLD?
Pete
2024-09-05 18:16:52 +0000 UTCGOLD is telling you folks a story.....are any of YOU Listening? 732% Increase: Russia Unleashes Unmatched Gold Buying Spree Russia increases daily gold purchases from 1.12B rubles to 8.2B for the next month—a staggering 732% surge, signaling a bold shift in their economic strategy. *Russia increases gold purchases: From 1.12 billion rubles per day to 8.2 billion rubles per day. *Increase of 732%: The new amount is significantly larger than the previous one. *Gold as a means of payment: Russia and China use gold to circumvent sanctions and continue trade. *Multi-step process: Gold is purchased in Russia, transported to Hong Kong, sold, and proceeds are deposited in local bank accounts. As Western sanctions continue to tighten around Russia, the country is turning to precious metals to circumvent financial restrictions and maintain trade relations with key partners. In a significant move, Russia has announced it will double its daily gold purchases to 8.2 billion rubles, a staggering increase of 732% from previous levels. In a world where economic uncertainty reigns supreme, and geopolitical tension remains a constant backdrop, gold has firmly established itself as a safe haven for investors. Recently, investment banking powerhouse Goldman Sachs released its latest gold report, capturing the attention of both seasoned investors and curious onlookers alike. With a bold target of $2,700 for gold by early 2025, the report is largely built on three key factors: elevated central bank buying, emerging talks of sanctions, and increasingly concerning sovereign debt levels. Central Banks Remain Strong Gold Buyers Central banks in July doubled their overall gold purchases versus the previous month, with the 37 tonnes purchased making for the largest overall month of purchases since January, and the second consecutive month of increasing purchases. While high gold prices had seemed to dampen central bank gold demand earlier in the year, demand is once again on the upswing as central banks continue to buy gold. World GOLD Council Krishan Gopaul Central Bank Gold Statistics: July 2024 Central bank gold demand strengthened in July despite price rise *Reported net purchases by central banks more than doubled to 37t in July *The National Bank of Poland was the leading buyer in the month, followed by the Central Bank of Uzbekistan and the Reserve Bank of India (RBI) *We expect central bank demand for gold to continue in the coming months.
Pete
2024-09-05 15:44:22 +0000 UTCCareful Maverick, suggesting a possible recession will put you on the Russian disinformation list.
Frederick
2024-09-05 12:56:35 +0000 UTCWas running over the stock market charts on major stocks tonight I seen MSFT closed below the 200 SMA on the daily
Brandon Blake
2024-09-05 12:32:09 +0000 UTCI would never go to Dollar Tree again after raising prices above a dollar
Justin R
2024-09-05 11:33:01 +0000 UTCThank you sir
Rico a
2024-09-05 08:21:41 +0000 UTCThanks for your continued insights Mav. Data in the morning, AVGO earnings at 415pm... gonna be some fireworks today!!
Professor Profound Possum
2024-09-05 08:16:02 +0000 UTCThe 3 days leading into a holiday are usually positive. You set up for the fade upon return from the holiday. This was true from 80s -2020. Would anything be different now? Especially if the holiday lines up with end of month shenanigans.
PapaBryan
2024-09-05 07:53:06 +0000 UTC
