Good Reads
They Have to Sell
In April 1942, four months after Pearl Harbor, a man named Sidney B. Wachtel showed that stocks tended to climb from December into January, and he blamed taxes. We call it tax-loss selling now, and this year's deadline is less than seven weeks away. Read on »
The Flow of Gold from West to East in One Picture
Over the last couple of years, Hong Kong and Singapore have built out infrastructure to support the growing gold trade. Last summer, Hong Kong launched a gold settlement system, hoping to challenge Western dominance of the gold trade. And just this week, the Monetary Authority of Singapore announced plans for a vaulting service to hold bullion for foreign central banks. As you can see from global gold flows, these efforts seem to be paying off. Read on »
Seniors Get Rich, the Young go broke
America’s grandparents are getting rich. And their grandkids are going broke. A new study by the Federal Reserve found households over 75 got almost 40% wealthier in the last 3 years, hitting a record half a million dollars median. While households under 35 lost a quarter of their wealth, dropping to just 33,000 – call it a used pickup truck. Read on »
Community News
I Still Think There's More Bad News Coming Link>>
Bipartisan SILVER Act Gains Strong Momentum in Congress as Lawmakers Eye National Defense Bill Link>>
10-year Treasury yield moves to 5.17% as traders weigh producer price report Link>>
Rising yields raise the portfolio appeal of bonds and diversified investing Link>>
Gold Is Falling on Hot Inflation, But Can the Fed Keep Raising Rates? Link>>
