Today gold prices spiked $173, selling at $5,180 per ounce and silver went up $8.31 selling at $112.09 per ounce.
Tag: U.S. Economy
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SPECIAL REPORT: GOLD, SILVER SET PRICE RECORDS
As Trends Journal subscribers will know, we called the bottom of gold in September 2023 when it was selling at $1,850 per ounce.
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SPOTLIGHT: TROUBLES WORSEN FOR THE LUXURY INDUSTRY
Saks Global, the retail conglomerate that owns high-end store chains Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus, has filed for Chapter 11 bankruptcy after being unable to make a $100-million interest payment to bondholders last month on $5 billion worth of debt.
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WALL STREET JUMPS INTO THE BETTING INDUSTRY
With betting now legal on everything from sports events to whether it will rain in Tulsa on Tuesday, Wall Street wants in.
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MAJOR BANKS’ EARNINGS FALL SHORT
Bank of America (BoA), Citi, JPMorgan Chase, and Wells Fargo reported fourth-quarter earnings that disappointed analysts for a variety of reasons, despite a year that saw soaring stock markets and a lighter regulatory hand on the nation’s financial markets.
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INVESTORS YANK THEIR MONEY FROM PRIVATE CREDIT FUNDS
Investors drew out at least $7 billion from private credit funds in the last months of 2025, the Financial Times has calculated from funds’ filings with the U.S. Securities and Exchange Commission.
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HOME SALES JUMP IN DECEMBER TO END A DOWN YEAR
U.S. home sales surprised analysts by climbing 5.1 percent in December, year over year, to mark the strongest annual growth rate since February 2024.
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A JUMP IN FOOD PRICES LED DECEMBER’S INFLATION PACE
U.S. inflation in December kept to November’s rate of 2.7 percent, the U.S. labor department reported, a figure that economists had forecast in a Wall Street Journal poll.
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U.S. JOB GROWTH DISAPPOINTS AGAIN IN DECEMBER
Last month, the U.S. economy produced an additional 50,000 nonfarm jobs, slacking from November’s downwardly revised 56,000 and well below the 73,000 forecast by Dow Jones.
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ECONOMIC UPDATE – MARKET OVERVIEW
As I often say, I am a trend forecaster, not a predictor of trends. No one can “predict” the future because there are too many wild cards that can be played out by nature or humans.