LA Private

April 3, 2024

Gold continues to defy gravity

Continuous-contract gold futures rose by 1.3 per cent on Wednesday, reaching as high as US$2,312.50 per troy ounce, setting a new all-time high. This is its seventh consecutive day of gains. Over the past five days, gold has climbed by 4.3 per cent, defying declines in both stock and bond markets, where indices like the […]

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The great Tesla EV fire sale?

Coming to an X tweet close to you — the great Tesla EV fire sale with price cuts that change by the hour (or even by the minute, perhaps)? Anything to clear what is an embarrassing parking lot or two of unsold/undelivered vehicles because of an absence of buyers. The great Tesla clean-out sale with

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S&P rejects doom mongering

So much for all the doom and gloom merchants going on about how the banks and other financial groups would be hurt by the rate rises from the Reserve Bank in its fight to control inflation — with a rise in bad debts, especially for home loans, more impaired loans and other problems. Wednesday afternoon

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