With Gold Surging Above $1,300, Here Are Two Of The Biggest Surprises From Jim Grant’s Conference
KingWorldNews.com
October 13, 2017
With the price of gold surging above $1,300, here are two of the biggest surprises from Jim Grant’s conference.
By Bill Fleckenstein President Of Fleckenstein Capital
October 13 (King World News) – The stock market continued to inch higher while I was away, and today looked very similar to most of the days we’ve seen recently, with the indices basically wandering around unchanged in the early going and no real energy…
No Laughing Matter
In corporate news, yesterday Juniper Networks preannounced and indicated that there might actually be some trouble in the beloved cloud/data center arena. That was kind of laughed off, but today the stock was weaker again. In addition, AT&T preannounced because, “shockingly,” it seems there are problems in the smartphone business. (While AT&T blamed the hurricanes, there was some iPhone 8 weakness mixed in there.) If we were in any other period but the one in which we find ourselves, Apple and all of its suppliers would be declining and some of the cloud/data center companies might have weakened on this news.
The Rest…HERE
