Tue, 5 November 2019
Stock markets were up again in October with DJIA up .5%. Dollar was down 2%. Euro up to 112. Bitcoin up to 9131. Metals were up with gold closing at 1512 and silver closing at 18.07. Palladium shot up again to 1780. WTI flat. Uranium down to 24. Pt to Pd still at all time low of .53. Gold to silver eased to 83.7. Till next month!
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Tue, 5 November 2019
The Fed has no choice, once they started cutting rates, they have to continue to cut rates. No doubt there will be a trade deal with China. They’re out there looming and the financial markets like these headlines. It sells and that’s all that matters. Record highs on Wall Street. It doesn’t matter that there’s no long term solution, everyone has to wear a happy face. But eventually, real news will prevail. We’re in the midst of an 11 year bull market. The average is 6 years, so where does that leave us. Healthy borrowers are now at a premium. Cutting rates won’t change that. We’re out of good credits to loan money to. |
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