Financial Sense

By Adrian Ash By Adrian Ash – Gold prices held above $1300 per ounce in London trade Friday, erasing half of last week’s 2% drop even as the Dollar rose again on the FX market amid fresh tensions between Nato members Turkey and the US plus… …read more From:: Financial Sense

By Chris Puplava By Chris Puplava – Deutsche Bank credit default swaps (insurance against default risk) are moving back up today. Unicredit (Italian Bank) CDS moving back up after a 2-3 day respite while the stock price remains weak. At the same time, there has been NO rally… …read more From:: Financial Sense

By Michael Shedlock By Michael Shedlock – How many hikes can the Fed get in this year? The Fed estimate is two more. Mortgage rates rose on the news. Mortgage News Daily reports Mortgage Rates Higher Following Fed Forecasts. …read more From:: Financial Sense

By Tim Duy PhD By Tim Duy – Headlines blared the latest recession warning today, this time from David Rosenberg of Gluskin Sheff & Associates. The culprit will be the Fed: “Cycles die, and you know how they die?” Rosenberg told the Inside… …read more From:: Financial Sense

By Peter Boockvar By Peter Boockvar – The June ISM manufacturing index rose 1.5 pts m/o/m to 60.2 and that was above the estimate of 58.5. The components though were more mixed. New orders fell .2 pts, backlogs were lower by… …read more From:: Financial Sense

By Marc Chandler By Marc Chandler – The US economy is among the strongest among the large economies. Goosed by the never-fail elixir of tax cuts and spending increases, the US economy is accelerating. Nevertheless, we continue to see the fiscal… …read more From:: Financial Sense

By Michael Shedlock Michael Shedlock – Economists missed the mark badly on new home sales estimates. And over half of last month’s surge was revised away. Economists expected 668,000 new homes would be sold in June. Instead, home sales fell 5.3%… …read more From:: Financial Sense

By Chris Puplava By Chris Puplava – It seems as though every year we have a scare in Europe and, if it’s not Greece, then it’s another member of the infamous “PIGS” countries (Portugal, Italy, Greece, and Spain). This year, Italy is in the spotlight… …read more From:: Financial Sense

By FS Staff By FS Staff – “If you were a state or a municipal worker in a troubled state, you should be made aware of it,” Puplava said. “In the next decade, you’re going to see many of these states begin to reduce benefits to retirees. It’s already happening right now… …read more From::

By Oil Price By Oil Price – A couple of days ago Halliburton showcased what it called “a first-of-its-kind” offering dubbed Prodigi—a system automating parts of the hydraulic fracturing process. More specifically, Prodigi uses… …read more From:: Financial Sense