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Posts Tagged: “Oil Prices“
Trouble Ahead? The Gold-Oil Ratio Is Inching Back Up
The Gold-Oil ratio — which signifies how many barrels of oil you can buy with an ounce of gold — has been steadily rising since its dramatic COVID-era spike in April 2020. A high ratio tends to signify economic trouble and a weak dollar, since it demonstrates that gold has an even more dramatic rise […]
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“The Enemy Waits:” Rocket Launch Wounds U.S. Personnel in Iraq
There’s been a “dangerous escalation” in the Middle East conflict, according to U.S. officials, who are left bandaging the wounded after a rocket detonated inside an Iraqi airbase.
Peter Schiff: Booming Stock Market Mirrors Dot-Com Bubble
This week Peter covers the highlights of a volatile trading week, paying special attention to Nvidia, Wall Street’s favorite AI stock, and Newmont Corporation, a heavy hitter in the gold mining industry. Both companies’ shares experienced dramatic price action this week, with NVDA gaining $260 billion in market cap and pulling the market up after an excellent earnings […]