Featured Article

You Absolutely Have To Know This

Posted by Michael Campbell

on Saturday, 14 March 2020 9:54

This isn’t hype – we’re not overselling it. What’s going on in the short term lending markets is literally the biggest, most important financial story since the 2008 subprime mortgage crisis – and no one’s talking about it. Please share it with friends.

A Not to be Missed Show Tomorrow on MoneyTalks

on Friday, 13 March 2020 17:57

If there was ever a time to tune in to Michael Campbell’s MoneyTalks it is now. On tomorrow’s show Mike and his guests will help you understand why the markets are reacting this way, what it means right now, and what it means for your financial future. David Morgan of the Morgan Report plus all our regulars. It is an all-hands on board show that you can’t afford to miss.

The Pandemic Economy: Which Stocks are Weathering the Storm?

Posted by Jeff Desjardins, The Visual Capitalist

on Friday, 13 March 2020 13:28

When markets get wacky, even the best companies can’t avoid the maelstrom.

Investors were already tiptoeing on broken glass, knowing that the longest U.S. stock market bull run in history was getting long in the tooth.

Then, when the market foresaw the potential damage that could be caused by the COVID-19 pandemic, it quickly created a vortex that would suck almost everything into…Click for full article.

Gold price plummets again – down $172 for the week

Posted by Frik Els, mining.com

on Friday, 13 March 2020 13:09

Gold is headed for its worst two-day drop in history as pandemic panic grips global financial markets.

Gold for delivery in April come close to crashing through the $1,500 level on the Comex market in New York on Friday, down $86 an ounce, or 5.4% from yesterday’s closing price of $1,590.30 an ounce. By the close on Friday, gold pared some of those losses, closing at $1,520.

Contracts representing 52 million ounces of gold had exchanged hands by the close after a week of heavy selling. Gold is down more than…click for full article.

Deja Vu? The S&P 500 Is ‘Eerily Tracking’ October 2008

Posted by Wayne Duggan, Benzinga

on Thursday, 12 March 2020 11:17

Investors haven’t seen a stock market sell-off like the one they’re seeing this week since 2008. According to DataTrek Research co-founder Nicholas Colas, the 2008 market drop started off almost exactly like things have played out on Wall Street this week.

On Thursday, Colas drew a direct comparison between this week’s extreme market volatility and the volatility that started on Sept. 29, 2008. Colas said that date was the day the financial crisis sell-off transitioned from “worried” to “frantic,” sending the S&P 500 down…Click for full article.

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