Gold Reaches Unprecedented Levels Over $4,300 Due to Fed Cuts, China Purchases, and Safe-Haven Demand
Current gold spot price: ~$4,118/oz (as of October 24): Gold prices recently peaked at an all-time high of $4,381/oz on October 20, but have pulled back about 6% in the week since. As of October 24, spot gold was trading at about $4,118 per ounce. Despite this dip, gold remains up approximately 55-57% year-to-date, marking […]
Wall Street workers set to receive unprecedented bonuses in 2025, according to the state comptroller.
Wall Street Bonanza: Record Bonuses Expected This Year Wall Street bankers are poised to earn record bonuses this year, benefiting from a resurgence in trading and a soaring stock market, as highlighted in a recent report from New York’s State Auditor. State Auditor Thomas DiNapoli predicted that if current trends continue, industry profits could surpass […]
Stock Market Leverage Reaches Unprecedented Levels
Everyone is talking about the AI bubble, confirming it or denying it, but this is what it looks like from a leverage perspective. Since April, leverage in the stock market has seen a notable increase. In September, margin debt—the money investors borrow from brokers—rose by 6.3%, or about $67 billion, to an all-time high of […]
Rangers find reasons to stay calm after unprecedented scoring struggles at the Garden
After failing to score in their first three home games, which is unprecedented in NHL history, the Rangers have some positive developments. However, a key player won’t be back at Madison Square Garden until Monday. The team started off with a loss against Pittsburgh and then faced consecutive shutouts against Washington and Edmonton this week. […]
What to anticipate from Trump’s ‘unprecedented’ fight against the cartels
U.S. Takes Military Action Against Drug Cartels As the U.S. intensifies its military response to drug cartels, President Trump has officially labeled the situation as an “armed conflict.” This marks a notable shift in how the U.S. approaches drug trafficking. On Tuesday, Trump announced a military strike on a suspected drug smuggling vessel near Venezuela, […]
Silver traders hurry to send bars to London as unprecedented squeeze impacts market.
London’s Silver Market in Disarray Amid Short Squeeze (Bloomberg) — The silver market in London has been drastically affected by a significant short squeeze, pushing prices past $50 an ounce for only the second time ever. This situation has drawn parallels to the Hunt brothers’ infamous attempt to control the market back in 1980. Base […]
Unprecedented silver and gold prices boost sales at Pensacola coin shop
PENSACOLA, Fla. — Precious Metals Prices Hit Record Highs This week, spot silver prices surged to $51 per troy ounce, marking the highest level since 1980. Gold isn’t far behind, having climbed 54% since the year’s start, now valued at about $4,000 per troy ounce. Local coin shops are experiencing a surge in customers. Experts […]
National deficit reaches $1.8 trillion due to unprecedented debt interest expenses
Warnings About National Debt and Spending Maya McGuineas, the chairperson of the Committee for a Responsible Federal Budget, expressed concerns about the country’s $38 trillion debt, which she described as “unsustainable.” She urged lawmakers to prioritize reform of entitlement programs and restore fiscal discipline. The Congressional Budget Office (CBO) released projections this Wednesday indicating that […]
Unprecedented funds being invested in New Jersey governor’s election
New Jersey Governor Race Sees Record Spending The race for governor in New Jersey is proving to be an expensive affair, with spending already surpassing $72 million. This figure is on track to break previous records in the state, and there’s still a month to go before the election. Republican candidate Jack Ciattarelli is gaining […]
Foreign Investors Are Purchasing US Stocks at Unprecedented Levels Despite Trade Tensions
Foreign Investment in U.S. Stocks Reaches New Heights (Bloomberg) – There was a genuine concern that foreign investors might steer clear of American financial products as Donald Trump intensified his trade war, contemplated Canada’s annexation, and generally unsettled global perceptions of the U.S. last spring. Intriguingly, there has been a noticeable uptick in foreign interest […]