Gold Outlook Report 2023

Watch: Gulf High-Rises, Tourist Spots Get Pummeled By Iranian Ballistic Missiles Update(1245ET): Some absolutely crazy footage has been emerging Saturday amid Iran's retaliation, following the overnight into early hours US-Israeli strikes on the Islamic Republic. Among the most shocking: the Palm Jumeirah area has been hit, possibly directly or else by falling missile debris, which is the iconic man-made island in Dubai. Fairmont The Palm hotel on fire, and confirmation: "Dubai authorities confirm that an incident occurred in a building in the Palm Jumeirah area. Emergency response teams were deployed immediately, and...

Futures Flat Despite Blowout Nvidia Earnings US equity futures managed to erase overnight losses and were trading flat after Nvidia and Salesforce failed to assuage fears about an overheated AI economy while traders awaited color from today's round of US / Iran talks. As of 8:00am S&P futures were unchanged and nasdaq futures were down 0.1%, with NVDA up 1% premarket but well off overnight highs after its earnings report and guidance smashed expectations while CEO Jensen Huang talked about “exponentially” growing computing demand and “skyrocketing” adoption of AI agents. It wasn’t enough, especially...

Is Credit Whispering, Or Screaming? By Peter Tchir of Academy Securities Is Credit Whispering? Or Screaming? For the past couple of years, it has been relatively safe to assume credit is well behaved and relatively range bound. It is unclear if that remains the case. We may be in a situation where the AI spend, the AI displacement, and the Working Poor are forming a storm of some sort. How severe remains to be seen, but for the first time in a while it is a real concern for me. My inclination has been...