Gold Silver Reports – Stocks around the world plunged on the first trading day of 2016, with the Dow diving 470 points in intraday trading before moderating its losses amid fresh signs of slowing growth in China, the world’s second-biggest economy. All three major indexes got spanked as the chart above shows.
2016’s rocky beginning came as many of the same worries that held stocks back last year reappeared, prompting investors to sell equities and reduce risk.
Gold Silver Reports – Oil fell, erasing an earlier gain, as a global glut outweighed an increase in tension between Saudi Arabia and Iran.
The Saudi government cut ties with Iran following an attack on its embassy in Tehran by demonstrators protesting the execution of a prominent Shiite cleric. Prices last week capped the biggest two-year loss on record amid speculation a global glut will be prolonged as U.S. crude stockpiles expanded and the Organization of Petroleum Exporting Countries abandoned output limits.
Gold Silver Reports – The gold chart for 2015 is undeniably bearish. The failure of support at $1,072 was significant and suggests more downside ahead. That being said, the price appears to be carving out a bottoming pattern and has bounced back above $1,072 several times since the support was initially breached.
Gold Silver Reports – The gigantic hominid specimen that measures an incredible 5.3 meter tall (17 foot and 4 inches) was discovered near the ancient ruins of the only megalithic civilization ever discovered in Australia, which makes the discovery twice as puzzling admits professor Hans Zimmer of the University of Adelaide.
“The discovery of the Uluru archeological site last year already took us by surprise, but this new find is just jaw dropping” he admits, visibly dumbfounded. “Theoretically, a five meter-tall hominid cannot exist. How did this occur? How is this possible. Although this discovery is fascinating, we are left with more questions than answers” he concedes.
Walking with a friend in the dark is better than walking alone in the light. – Helen Keller