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April, 2017 Archives

Daily Recap

There was general follow-through on yesterday's positive moves in world stock markets.  Major Asian exchanges were all up respectable amounts, as were European shares.  Those helped send the Global Dow Index up 0.25%.

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Higher Metals Ahead?

by Jon S. Strebler

 

The situation in N. Korea has in some ways been a case of “different day, same old same old,” beginning at least as far back as the rule of Kim Jong Il (1994-2011). No matter what the reality of the situation is, the country’s leaders tend to react by threatening the most dire military consequences, using verbiage that – were the situation not so serious – is nearly comical. In the recent past, for example, it has threatened to “invade America” and “reduce Washington, DC to ashes” as it “leaves no Americans alive.” 

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Richard's Thoughts on Gold

Richard's Comments

 

As far as I can see, there's only one "safe haven" in the rapidly changing world of today. It's an item that has served as a safe haven for 6,000 years. Because gold is the only item that can't go bankrupt, for thousands of years, gold has been treated as pure wealth.

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Surprise!

By Benjamin J. Butler

 

Seoul, South Korea

 

VIX

 

Many people are scratching their heads about an apparent gap between events unfolding in the world and financial markets, saying that markets are being quite blasé. In the Financial Times this week:

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Daily Recap

Stocks were mixed in today's session with the bias seemingly to the sell side. Nowhere was this more evident than in the Industrials and Transports, where the Industrials fell 119 points vs. a half percent gain for the Transports. IBM's poor earnings and large drop today are credited for part of the Dow's drop.

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