“With the strategic timing of this new installation of Bitcoin ATMs at Simon Mall locations, customers can conveniently buy Bitcoin while doing their Black Friday and Christmas holiday shopping.”
After API reported big surprise builds in crude and gasoline, official data showed a smaller crude build of 1.57mm barrels and a huge gasoline build of 5.13mm barrels (biggest build since Jan 2019)
A big upward revision for new home sales (to 12-year highs), and a rebound in existing home sales, were both upset by the disappointing 1.7% MoM drop in pending home sales in October.
The troubled German lender has already unloaded some assets to rivals including Goldman Sachs and BNP Paribas, and now Goldman is reportedly coming back for more.
While we have yet to see where Q4 GDP will come out, the fact that the Fed cut rates three times in a quarter in which the economy rose 2.1% will surely prompt questions of what happens when the US economy finally contracts?
"Mexico will never accept any action that violates our national sovereignty…We will act firmly. I have sent our position to the US as well as our resolution on combating transnational organized crime."
Instead of discouraging people from buying gold, or convincing them that gold is an irrelevant asset, many central banks are increasingly honest about the true properties of this monetary metal.
