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Palladium might not fill headlines the way gold does, but its been on fire lately. Not only has the precious metal been the best performing commodity for two years straight, but its price also just shot past gold for the first time since 2001. For the first time ever, it broke through $1,400 an ounce last week before pulling back somewhat. From its 52-week low set in August, palladium has climbed almost 70 percent. Its added about 16 percent in the past 30 trading days alone.
Ive bent over backwards lately second-guessing my permabear side, on a hair-trigger as I wait for the short squeeze from hell to begin. Instead, the Masters of the Universe who supposedly control the stock market like its a PlayStation game can barely muster a decent rally other than fleeting ones on the opening bar. Have I perhaps overestimated the sleazeballs?
Gold and silver are steady. Trumps top economic advisor is looking for commitments from China for a trade deal. Uncertainties over a trade deal will prevent gold from a big sell off. Right now the trend in gold is neutral. Silver needs to trade over $1500 to be in a bullish zone. Day traders are on the sidelines. Long term investors are using sharp dips to invest in gold. Some large fund managers who have never invested in gold have started buying physical gold.
Huawei seems to have become a magnet for controversy of late. The company's being shut out of 5G infrastructure bids across the world, the US is reportedly investigating it for stealing trade secrets, and its CFO was recently arrested for violating I...
Community Actions has been in limited trials and will be introduced to a wider audience today, which means that we can probably expect a full-on abusive shitshow by Wednesday. Thursday at the latest.
Over the past few months, you might have seen Instagram posts claiming that the platform has only been showing your photos to seven percent of your followers. Turns out it's just some weird copypasta, which became big enough for the company to addres...