Here we go again. Futures are red after yesterday’s big tech led backslide. The Nasdaq 100 closed down 2.67% with MSFT, AAPL and AMZN leading the way down. This morning Nasdaq futures point to a near 1% loss.
Ron Paul’s Final Dire Warning
“the biggest problem right now is that nobody is stopping to ask the real questions.”
“What the folks in Washington are doing today puts us on a troubling path. And as a citizen of this country – you need to pay attention to what your government is doing right now.”[Full Story…]
Gold may be one of the best bets right now. Gold is heading for a seventh weekly gain, edging closer to it’s all-time high set in 2011. The last time gold was trading at these prices worries over global growth and flaring political tension added fuel to the rally.
What’s underpinning the metal’s appeal now? Current U.S. and China tension combined with increasing signs that the prolonged pandemic is stalling an economic recovery. Gold price is also being supported by a weaker dollar and expectations of rising inflation amid massive liquidity injections from central banks plus confluence of low or negative real rates.
The Federal Reserve meets next week to decide if further accommodation is needed while President Trump promised a “great third quarter” for the economy.
Legend Who Bought Apple at $1.42 Says Buy TaaS Now
It’s called TaaS – and if you haven’t yet heard of this technological breakthrough, you soon will. [Full Story…]
UBS Group AG raised its near-term forecast for bullion to $2,000 by the end of September. Gold’s rally may extend into 2021 “on dollar wobbles amid rising geopolitical risk in a lower for longer interest-rate environment,” Eily Ong, an analyst at Bloomberg Intelligence, wrote in a note.
With higher highs possible, some of the top gold stocks to consider include:
- Barrick Gold (GOLD)
- Gold Fields (GFI)
- B2Gold (BTG)
- Kirkland Lake Gold (KL)
- VanEck Vectors Gold Miners ETF (GDX)
Tesla’s Worst Nightmare
The tiny, little-known stock behind the “Tesla Killer” are trades for just a few bucks. [Full Story…]