In this important 20-minute Gold Matters discussion, Matt Piepenburg and Egon von Greyerz cover critical areas which are vital for investors to survive in a tumultuous world. – What triggered the stock market falls this week. – Why investors must not buy the dips in stocks. – The dangers facing...

Nowhere to Run – Gold & Family

LONDON (August 7) Gold prices are slightly better on Wednesday as traders attempt to establish new support at a key pivot of $2380.54. The major support remains the 50-day moving average at $2367.89. Investors are closely watching the Federal Reserve, anticipating a potential rate cut in September, which has stirred speculation about gold’s trajectory towards the record high of $2483.74 and possibly reaching the psychological $2500 level.

Gold (XAU) Price Forecast: Will Rate Cut Hopes Drive a Gold Rally to $2500?

Central banks across the world added more than 1,000 tonnes…. The price of gold decreased by 1% on Monday (5 August), falling below $2,400 per ounce (oz) for the first time since July. The metal appears to be caught up in a global market sell-off of raw metals. The spot...

Global market sell-off of metal caused the price of gold to fall by 1%

Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG. This interview was recorded on Friday, August 2, during Friday's sell-off but before the vicious sell-off on Monday. he did talk about the potential for an unwind of the yen carry trade before the crash in Japanese equities and the yen carry trade was widely blamed for Monday's steep decline. But Brent doesn't really care about being "right" he is an investor first and foremost. On that point, I think people perceive that a majority of his portfolio is based on the surging of the U.S. dollar but as he says it's a very small percentage and he recommends using this "cheap hedge" (for example buying calls on USDHKD) as a way to comfortably go long risk assets. He is also (and has been) a bull on gold and he remains *not* a bull on Treasurys (which he thinks some incorrectly think he is).

The Rug Pull on Global Liquidity | Brent Johnson on Unwind of the Yen Carry Trade, and the Exaggerated Rumors of the Dollar’s Demise

The dollar was last up 0.39% at 144.73 yen, after tumbling against the Japanese currency for five straight sessions. The greenback has fallen about 6% against the yen over the last five trading days. A reassessment was also taking place across equity markets, with Japan's benchmark Nikkei index gaining 10%...

Dollar recovers ground, yen steadies as currency market frenzy eases

Port Richey, FL

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Akeena

Florida’s buffet lovers are in for a shocker as the popular Royal Sushi Buffet & Hibachi in Port Richey has been temporarily shut down following a state inspection. This isn’t the first time the eatery has faced such trouble, but the recent closure has sparked quite a buzz among its loyal patrons and food enthusiasts alike.

Live roaches, flying objects in the kitchen and soiled shelves- Buffet closed again in Florida

The New York Times

The economy’s resurgence from the pandemic shock has had a singular driving force: the consumer. Flush with savings and buoyed by a sizzling labor market, Americans have spent exuberantly, on goods such as furniture and electronics and then on services including air travel and restaurant meals.

To Avoid a Recession, Consumer Spending Is Key

Orlando, FL

Orlando’s beloved New York Bagel And Deli, a hotspot for anyone craving a taste of the Big Apple, has hit a snag. Known for its extensive menu that includes New York-style bagels, pizza, heroes, wraps, and more, the eatery recently faced a temporary shutdown following a state inspection.

Dead and live roaches, food and coffee lids stored on the floor- Beloved Florida eatery closed

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

NewsNinja

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

Reuters

NEW YORK (Reuters) - The average rate on the popular U.S. 30-year mortgage plunged to its lowest level since May 2023 this week, following days of market turbulence resulting from last week's softer-than-expected employment report.

U.S. 30-year fixed-rate mortgage plunges to lowest since May 2023, Freddie Mac says

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

CBS News

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  After a brief stabilization period, gold's record-breaking year is back. In March, gold prices hit an all-time high of $2,160 per ounce and then repeated the feat in April, surpassing the $2,259 mark for another milestone achievement. The price of gold then soared to $2,435 on May 20, before adjusting to spot prices around $2,300 in June. But then, just when it appeared that gold's price had stabilized, it jumped to $2,493 on July 17, its latest record-setting price in 2024....

When will gold prices hit $3,000 per ounce? Here's what experts think

Herbie J Pilato

Actor Buddy Ebsen, who died at age 95 in 2003, found fame by starring in two of the most popular classic television shows in history: The Beverly Hillbillies (CBS, 1962 to 1971) and Barnaby Jones (CBS, 1973 to 1980). On the Hillbillies, he played former Tennessee country mountain-folk-turned-wealthy Beverly Hills resident Jed Clampett. On Barnaby Jones, he was one of TV's most senior, slyest, health-conscious detectives. Ebsen, however, almost became even more famous for a certain big-screen classic film in which he ultimately did not appear.

'Beverly Hillbillies" Actor Buddy Ebsen Was "Bitter" about not playing the Tin Man in 'Wizard of Oz'

For more than 160 years, Macy's has been much more than a department store. It's a cornerstone of American shopping, with generations eager to buy everything from back-to-school clothes to holiday gifts. But now it is a surprise that the store has been forced to close, leaving millions to wonder how such a powerful and fast-moving brand could be defeated. Macy's, the US retail giant, now faces a difficult future. Signs of trouble have been showing for several years, including declining traffic, aging stores, and an inability to keep up with a fast-paced retail environment. However, experts say the real story is corporate mismanagement, intense competition, and a lack of innovation.

The Fall of Macy's: Inside the Collapse of America's Largest Merchant

South Carolina State

Explore Beaufort SC

The mantis shrimp is one tough customer. Beautiful and deadly are two words you don’t typically use to describe shrimp, but the mantis shrimp is definitely in a class of its own; earning a reputation as the ‘savage boxer of the sea’ and one of the most fearsome creatures in the ocean. And, they're right at home here in South Carolina.

Savage Boxer of the Sea: The Deadly Beauty of Mantis Shrimp

Goldman Sachs analysts have raised their estimated odds for a U.S. recession to 25% from 15%. The investment firm's research analysts said recession risk remains "limited" overall, noting that the Fed has ample room to cut interest rates to support the economy. The July jobs report showed unemployment increasing to...

Goldman Analysts Say Chance of US Recession in 2025 Has Risen to 25%

Tennessee State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

John M. Dabbs

NASHVILLE, Tenn. — The Tennessee Department of Health (TDH) has issued a health alert to clinicians statewide following reports of severe acute illnesses and adverse effects of consuming Diamond Shruumz™ brand chocolate bars, cones, and gummies. The warning comes after the Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) received reports of serious health issues linked to these mushroom-containing edible products.

Tennessee Health Alert: Severe Illnesses Linked to Diamond Shruumz™ Products

West Virginia Watch

The unemployment rate climbed to 4.3% in July, up 0.2% from June, the Friday employment report from the Bureau of Labor Statistics shows, alarming some economists who believe the Federal Reserve has waited too long to cut interest rates. The economy added 114,000 jobs and the number of people who were on temporary layoff rose […]

U.S. unemployment rises as the Fed holds tight on key interest rates

Florida State

Jacksonville Today

Gov. Ron DeSantis has issued a state of emergency in Northeast Florida and across much of the state as a tropical system appears almost certain to develop. The National Hurricane Center said Friday morning that a tropical wave has a 90% chance of developing into at least a tropical depression over the next seven days. Most models show it moving into the Gulf of Mexico and then coming ashore and crossing the state, possibly moving over Northeast Florida.

Tropical system is nearly certain to develop

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

NewsBreak

Gold’s True Fundamentals are Strengthening

Gold and precious metals have performed well over the last few years. Central bank demand, De-dollarization, and other foreign sources of demand pushed Gold to break...

Gold’s True Fundamentals are Strengthening

Comments / 0