Since late last year, when Deutsche Bank was on the verge of bankruptcy, the company has instituted a strict austerity program of cutting costs and employees. On October 21st, Deutsche Bank announced plans to cut 28,000 employees worldwide due to the financial crisis caused by the pandemic. However, Deutsche Bank…
With the broader markets now primed for a correction, the copper market is flashing a BLINKING RED LIGHT. Currently, the copper price sentiment is the highest compared to all other commodities, stocks, and indexes. Typically, when an asset reaches a high “optimistic” level, a reversal is close at hand…
U.S. Silver Eagle sales this year are RED HOT pushing total silver investment demand to record highs. According to the U.S. Mint’s most recent update, Silver Eagle sales in 2020 have surpassed 30 million and may continue to increase over the next few weeks in December. Also, for the first time…
Something totally shocking took place last week, and it seems like no one really noticed. Actually, I am quite surprised when I saw the data as it was the biggest change in the U.S. money supply… EVER. And, I am not exaggerating. Investors need to be very concerned now…
With the precious metals prices are still consolidating, copper looks ripe for a correction lower. Currently, copper holds a record amount of commercial short positions, the highest in over 25 years. While the copper price may move higher, it will likely experience a correction soon as several indicators…
According to the Washington Post article published yesterday, Denmark was the first major oil-producing country to announce a deadline to end oil extraction. While this may sound like a “Victory” for the Green Energy Movement, there’s a catch. While Denmark announced that it would end…