US jobless claims have just been released for April and we’ve now seen 3 consecutive months of increases in claims. Up almost 10% to 231,000 on previous months’ reporting, we’ve a feeling employment data will continue to report negatively for…
Gold Spot Price $AU3511 Silver Spot Price $AU41.41 Platinum Spot Price $AU1498 As expected, Governor General Michelle Bullock has kept rates on hold for the foreseeable future. Commenting ‘At no point has she promised rates would be cut’, a lot…
US productivity has risen at a low 0.3% for the last quarter, compared to previous quarter reports of 3.5%.Productivity has previously increased at around 2.9% and to see such a drop in productivity is of great concern. With businesses citing…
Gold Spot Price $AU3542 Silver Spot Price $AU40.82 Platinum Spot Price$AU1464 Matching our predictions of a ‘dead cat bounce’, the US500 hit exactly on point (shown in today’s chart). Generally as the sharemarket looks to find a new bottom, it takes an…
Equity markets around the world almost found steady footing following the Israel/Iran tit-for-tat attacks supposedly reaching a point of completion. However, talks have now started around Israel’s response to Iran’s recent attack (Which involved launching several hundred ballistic missiles, cruise…
Gold Spot Price $AU3733 Silver Spot Price $AU44.26 Platinum Spot Price $AU1517 Sharemarkets have plummeted on the Israel/Iran conflict news, now posting an almost 5% drop in 4 days (ASX200). The US500 has also suffered a similar fate – with…
CPI prints were revealed yesterday by the FED and while economists almost predicted correctly, a 0.1% miss on the monthly reporting for CPI means that CPI year on year just popped back up to 3.5%. With the FED target for…
FED chair Powell talked Wednesday to the bumpy road ahead for inflation through 2024. Commenting on strong labour markets and economic growth, the underlying message is becoming pretty clear; “Until something breaks, we’re holding the ship steady at current interest…
Gold Spot Price $AU3471 Silver Spot Price $AU39.79 Platinum Spot Price $AU1428 Iran has vowed to retaliate after it accused Israel of bombing its embassy complex in Syria on Monday, in a deadly escalation of regional tensions over the war in…
Gold and Silver enjoyed some additional upward momentum in the last few days, on the back of the FED and RBA holding rates. Both metals have since pulled back a touch, but are clearly showing where they would like to…
Gold Spot Price $AU3308 Silver Spot Price $AU38.26 Platinum Spot Price $AU1384 The RBA has held interest rates steady at 4.35% and says that the war on inflation is far from over. For many Australians desperately holding on with high…
FED reporting has just put PPI (Producers price index) squarely in front of the blame for persistent inflation stress. As wholesalers and producers in the US reported a jump from 0.3% to 0.6% for the month of February, CPI data…
For those Gold holders out there, congratulations; you’ve just experienced an absolutely amazing price jump that further solidifies this precious metal as the ultimate form of wealth preservation. As many saw a downward wedge forming for Gold over the past…
Initial jobless benefit claims rose by 13,000 to 215,000 in the week ended Feb signalling that all is not well in the US labour market. The number of Americans receiving jobless benefits is now totalling 1.91 million people. Pending home…
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