tyb
Gold Has Been This Overbought Only Three Times in Two Decades
The 14-day Relative Strength Index for the yellow metal soared to 86 on Monday, well above the level of 70 that typically suggests securities are overbought. Previously, there have been only three times since 2000 when the RSI rose above 85, and in each instance bullion fell over the next 10 trading days. The loss averaged 1% compared with a gain of 7% over the previous 10 session.
To be sure, in all three occasions – October 2010, February 2016 and June 2019 – gold eventually resumed its rally. But the momentum had slowed. Gold performs best when interest rates fall and the dollar weakens. Without a further escalation of Middle East tensions, the bulk of the moves in rates and the dollar may be over for now. And the same is probably true for the bounce in gold, at least in the short term.
https://finance.yahoo.com/news/gold-overbought-only-three-times-174052561.html
>To contact the editor responsible for this story: Eric J. Weiner at eweiner1…..
they tell you sometimes. they never mention Ag much.
Manhattan is glutted with even more luxury condos than most apartment-shoppers realize.
The borough has 7,050 unsold, newly built units, according to a report by Halstead Development Marketing. The bulk of those – almost 6,000 – haven’t been formally listed for sale, creating an under-the-radar “shadow inventory.” The secret supply is a heavy weight on a market in which sales, especially of higher-end properties, have slowed to a crawl. It would take take 74 months – more than 6 years – to clear all of Manhattan’s unsold units at the pace of contracts in 2019, the report shows.The glut is a product of a post-recession construction boom aimed at globe-trotting investors, who now show little interest in collecting lavish Manhattan homes. And most newly built apartments are out of reach for the majority of New Yorkers.
The shadow inventory is largest in the area that includes the Financial District. Those 967 apartments are on top of 96 units that are actively being marketed, the report shows.
https://www.bnnbloomberg.ca/manhattan-s-flood-of-new-condos-could-take-six-years-to-sell-1.1369813
chek't
US and China on cusp of new cold war, Abe deputy says
TOKYO – The U.S. and China are headed toward a cold war, Japanese Deputy Prime Minister Taro Aso said Monday, predicting that tensions between the two superpowers will persist even after President Donald Trump leaves office.
"Future historians will say that the Reiwa era" – Japan's current Imperial era, which began in 2019 – "was the beginning of a new cold war between the U.S. and China," Aso said at a meeting in Tokyo.
"Some newspapers wrote that things will change when there is a new president in the U.S., but that's not true," he added. "The current atmosphere in the U.S. Congress wouldn't allow it."
Aso also expects international fallout from China's plan to issue its own digital currency, which would be a first among major economies.
"The People's Bank of China says the currency will only be used domestically for retail [banking], but it will likely be used in the Belt and Road as well," he said, referring to Beijing's strategic investments in building infrastructure across many nations.
"We should be prepared for the currency to be used in international transactions," he said, warning of problems for entities that conduct currency transactions using the U.S. dollar.
Regarding Japan's monetary policy, Aso said "ultralow interest rates won't go away easily." Aso doubles as finance minister in Prime Minister Shinzo Abe's government.
Bank of Japan Gov. Haruhiko Kuroda also spoke at the gathering.
"There's no change in our need to stay vigilant over international developments, given the sudden increase in tensions over Iran and other factors," the central banker said.
"There are some bright signs for the global economy, such as the progress in information technology coordination," Kuroda said. "But we cannot let our guard down for the foreseeable future given trade issues between the U.S. and China, uncertainties in emerging economies and geopolitical risks."
https://asia.nikkei.com/Politics/International-relations/US-and-China-on-cusp-of-new-cold-war-Abe-deputy-says
it's a filing error.
you have to click on the far right link to verify display.
>https://www.sec.gov/Archives/edgar/data/811212/000143774920000189/xslF345X03/rdgdoc.xml