When asked about the urban legend that the vaults at Fort Knox are empty, and that the Fed has no gold, former Federal Reserve Chairman Ben Bernanke responded, "I've been to the basement of the New York Fed. The gold is there. I've seen it."
Global Market Comments
October 31, 2024
Fiat Lux
Featured Trade:
(ORDER EXECUTION 101)
“All we need to know about crude right now is that we have it coming out of our ears, both here and in the Middle East, and that’s why it’s headed to $60,” said Scott Nations, president of the options trading firm, NationsShares.
Global Market Comments
October 30, 2024
Fiat Lux
Featured Trade:
(TAKE A LEAP INTO LEAPS)
“You can reduce discretionary spending down to zero and it won’t have much impact on our fiscal problems because it’s such a small proportion of the total,” said Ben Bernanke, former chairman of the Federal Reserve.
Global Market Comments
October 29, 2024
Fiat Lux
Featured Trade:
(RIGHT SIZING YOUR TRADING)
"Going to weddings and funerals is part of being a financial advisor," said Theresa Chacopulos of Wells Fargo Private Banking, the top-producing financial advisor in Arizona.
Global Market Comments
October 28, 2024
Fiat Lux
Featured Trade:
(MARKET OUTLOOK FOR THE WEEK AHEAD, or HERE IS YOUR POST-ELECTION PORTFOLIO
plus THE LAST SILVER BUBBLE)
(NVDA), (META), (CRM), (TLT), (JNK), (CCI), (DHI), (LEN), (PHM),
(GLD), (SLV), (NEM), (FXE), (FXB), (FXA), (TSLA), (JPM), (BAC), (GS)
Global Market Comments
October 25, 2024
Fiat Lux
Featured Trade:
(OCTOBER 23 BIWEEKLY STRATEGY WEBINAR Q&A),
(TLT), (JNK), (CCJ), (VST), (BRK/B), (AGQ), (FCX), (TM), (BLK), (NVDA), (TSLA), (T), (SLV), (GLD), (MO), (PM)
“A government big enough to give you everything you want is strong enough to take everything you have,” said Thomas Jefferson, the second US president and the man on the $2 and $10 bill.