Next great investment: Gold and Silver
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When Narratives Go Viral
The best explanation may lie in the emerging field of narrative economics, to borrow a term from the Yale University economist Robert Shiller. He argues that markets and prices are often driven by stories and narratives that can take on the characteristics of epidemiology, suddenly spreading and “going viral.” Markets can spark contagion (as in the rise in the gold price), which in turn moves other markets still further.
This applies even to gold, which Shiller describes as a “relatively useless metal, mentioned something like 300 times in the Bible.” And this: “You can have both long-term and short-term contagions; the contagious idea that gold has value has been going around for thousands of years.”
The best explanation may lie in the emerging field of narrative economics, to borrow a term from the Yale University economist Robert Shiller. He argues that markets and prices are often driven by stories and narratives that can take on the characteristics of epidemiology, suddenly spreading and “going viral.” Markets can spark contagion (as in the rise in the gold price), which in turn moves other markets still further.
This applies even to gold, which Shiller describes as a “relatively useless metal, mentioned something like 300 times in the Bible.” And this: “You can have both long-term and short-term contagions; the contagious idea that gold has value has been going around for thousands of years.”
The uselessness he mentions, I would argue, is more fitting for Ivy League professors like himself.
WTF, he was just telling people to put 15% of portfolio in gold. Maybe the above clip is old.
This isn't a trade. Long run, its still well intact. The momentum traders jumped on in September and now the momentum has (temporarily stopped) they are jumping off. A correction had been expected.
This isn't a trade. Long run, its still well intact. The momentum traders jumped on in September and now the momentum has (temporarily stopped) they are jumping off. A correction had been expected.
not a crash.....losing 3 of 4 weeks is a small setback......look at all the winning weeks
FiServ, the sponsor for the Bucks arena, getting blasted today. This is a FinTech company, and moderate sized at $40 billion. What happens when you miss earnings badly? Stock gets crushed 42% in one day. The real concern has to be, if this is a reflection on the American consumer, it doesn't bode well at all.
Yep, central banks not panicking or selling. I think too many momentum traders/retail money jumped on in Sept and panicked at the first sign of a turn.
i have been on oil early this year....losing money so far...it is a hedge to protect my tech stocks if taiwan comes into play in 2027 when china said they basically wanted it....something could happen with russia or iran too.....
everything is on a holding pattern
gold and oil pretty good in portfolio
Nice dress.
- China is scrapping a long-standing gold tax incentive, which will no longer allow retailers to offset a value-added tax when selling gold.
- The rule covers both investment products, such as high-purity gold bars and ingots, and non-investment uses including jewelry and industrial materials.
- The move is expected to bolster government revenue, but will also likely increase the cost of buying gold for Chinese consumers.
- credit traders are buying credit against Oracle Corp. defaulting on its debt, a trend that Morgan Stanley sees continuing in the near term as the tech giant pours billions into artificial intelligence.
- China will effectively suspend implementation of additional export controls on rare earth metals and terminate investigations targeting US companies in the semiconductor supply chain.
- The US will pause some reciprocal tariffs on China for an additional year and halt plans to implement a 100% tariff on Chinese exports to the US.
- China agreed to pause sweeping controls on rare-earth magnets in exchange for a US agreement to roll back an expansion of curbs on Chinese companies.
what happens in 1 year? the US falls down or kicks the can down the road with another 1 year deal
- The US Supreme Court appeared skeptical of President Donald Trump’s sweeping global tariffs, with key justices suggesting he had overstepped his authority.
- A decision against Trump could force refunds, remove a major burden on US importers, and blunt a tool the president has used against trading partners.
- The court’s justices, including conservative justices, questioned Trump’s use of an emergency-powers law to collect tariffs, with some indicating alarm at the reach of the Trump administration’s contention that Congress had delegated its constitutional authority over tariffs to the president.
a ruling should come at the end of the year
It's hard to say, several of them did express skepticism but then backtracked with different comments suggesting they were more open to it. Roberts did appear to be a clear no on the tariffs - which isn't surprising since he's a rino traitor.
“Some conservative justices had tough questions for both sides, making it hard to say with certainty where they’ll land,” said Liza Goitein, an expert on emergency powers at the Brennan Center for Justice at NYU Law, on social media. “But given the degree of pushback on key administration arguments, it’s looking quite possible — if not likely — the tariffs will be struck down.”
the financial sector has the lowest YTD in more than 10 years..........this is why it doesn't favor trump
also......if you played VEU in the stock market..........it is hitting +28%.....YTD..... this stock is every other country combined
the S&P is at 15%
dollars are leaving the country ......nobody is investing in the US
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'Big Short' Michael Burry bets $1bn on AI bubble bursting
PLTR
put
5,000,000 shares
NVDA
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So, the entire world, less USA, can tarriff all they want. It's just over stepping here. Got it!
tariffs are nothing
It will take you 10-15 years to process rare earths.... the US has no choice with china....
china is sticking it to US.....trump knows this ...next year we have egg on our face
the judges know this........winner china...
So, you really, really think the Chinese are the only ones with RE's. Pls.