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Fox News

Inflation hits fresh 40-year high in May

FOX Business' Cheryl Casone breaks down the customer rate index for May.

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Kitco News

“I would be surprised if we don’t sell off” – Gareth Soloway shorts stock market

Absolutely nothing has actually essentially altered in the economic situation to call for a continual rally in the stock markets, claimed Gareth Soloway, primary market strategist at InTheMoneyStocks.com, speaking to Kitco News at 3:45 pm EST on Monday.

" I don't believe anything major has transformed. We knew an injection was going to come, the forecasts are still initial quarter, early 2nd quarter," he stated. "The very same thing with Biden entering the White Residence, it doesn't alter a great deal of the business economics of the marketplace, so it does concern me and also I utilized it to place on shorts today."

The Dow Jones rallied 800 points in the greatest solitary day gain in 5 months on Monday complying with Pfizer's announcement that their COVID-19 vaccination is 90% effective.

0:00 – Market summary
4:38 – Exactly how to trade VXX (volatility index ETN).
6:31 – Biden win on supplies.
8:55 – Market sell-off expectation.
9:40 – American Airlines (AAL).
11:25 – Pfizer (PFE).
13:07 – Zoom (ZM).
17:34 – Gold.
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Kitco News

Airlines surge double digits, do prices make sense? TSA data tells powerful story

Airline company supplies rallied on Monday following news that Pfizer's COVID-19 vaccination is 90% effective. The UNITED STATE International JETS ETF climbed 16% throughout the trading session. Frank Holmes, CEO of UNITED STATE Global Investors, said that residential trips have been continuously boosting since March lows in spite of a global lockdown, according to data from the Transportation Protection Management (TSA).

0:00 – Airline company stocks
7:10 – Gold rate
10:15 – Securities market during split Congress
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Kitco News

Get ready for new records; gold, commodities in ‘sweet spot’ – Frank Holmes

The Acquiring Supervisors' Index (PMI) has hit two-year highs in August, recommending that a pickup in demand for raw assets, too greater rising cost of living, is on the way, stated Frank Holmes, Chief Executive Officer of UNITED STATE Global Investors.

Holmes added that gold miners are likely to see record cash flow this quarter as a result of climbing assets demand.
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Kitco News

Focus on $4,000 gold price target, airlines, ignore Fed noise – Frank Holmes

Jerome Powell's hawkishness at last week's Jackson Opening Symposium created uncertainties in gold investors' minds, sending out the yellow steel to trade laterally for the last couple of days.

Volatility for gold presents a chance to buy on the dips, claimed Frank Holmes, Chief Executive Officer of U.S. Global Investors that stated that "if you're not long, you're wrong."

Holmes has previously required gold to strike $4,000 an ounce in a couple of years' time. His lasting forecast is based upon using gold's performance during the last time the Fed expanded its balance sheet between 2009 to 2011.
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