The half day US markets are open the day after Thanksgiving is usually one of the quietest trading days of the year. 2021 delivered the worst one-day performance for stocks instead, as a new version of Covid out of South Africa, dubbed the “Nu” variant, appeared to be spreading.
While the market has had a selloff and sentiment has flipped from bullish to bearish overnight, we’ve learned from the Delta variant that markets can be volatile, but will likely remain resilient. Still, traders may want to lighted up on their most aggressive trades, even if that goes against what’s usually a seasonally strong time for the markets to move higher.
Precious Metals Prices
Price at week’s end (change over last week)
Gold … $1,794.31 (-2.9%)
Silver … $23.75 (-3.8%)
Platinum … $996.89 (-4.1%)
Palladium … $1,905.50 (-8.9%)
Now here’s the rest of the news:
Congress Passes Backdoor Tax Hike by Removing a Popular Savings Loophole
Here’s our concern: The bill contains one thing that retirement savers weren’t likely to be planning for (especially those with moderate wealth)… [Read Here]
November 29, 2020
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Naturally beautiful: Atlantic puffin also known as common puffin is a species of seabird in the auk family.
Iceland, Norway, Faroe Islands, Newfoundland and Labrador in Canada are known to be large colony of this puffin.
November 29, 2019
I think I’ve received over 100 emails already today offering BLACK FRIDAY SALES of one-sort-or-another. As a good friend commented on Facebook … “Save 100%. Leave your wallet in your pocket.”
In the wake of a tumultuous few months for the Federal Reserve, the last thing the central bank can afford right now is to give any indication that they don’t have firm control over their policy.
But after the Federal funds rate broke wildly high in September, the Fed seems to have allowed the pendulum to swing too far in the other direction, with rates now moving dangerously low. Have they lost control over their primary tool to implement their policy?
Big Banks Increasingly Bullish on Gold Prices … 😉
P.S.: “It means that — as far as the next week or two are concerned — the outlook for silver just became bullish.”