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Copper, FCX Stock Plunge On Tariff Report, Surging Yields; Silver, Gold Also Fall
Investor's Business Daily9d agobearish
Copper, FCX Stock Plunge On Tariff Report, Surging Yields; Silver, Gold Also Fall

The copper price and shares of S&P 500 copper mining giant Freeport-McMoRan turned sharply lower on Thursday morning after a Reuters report cast doubt that the White House would broaden tariffs to cover refined copper. Tariff expectations had helped fuel a new copper price earlier this week. While copper fell the hardest, gold, silver and other precious metals prices also lost ground amid a firmer dollar, $100 U.S. crude oil and higher inflation-adjusted Treasury yields.

Fed Credibility Is On The Line In Warsh Jackson Hole Speech (Live Coverage)
Investor's Business Daily22d agobearish
Fed Credibility Is On The Line In Warsh Jackson Hole Speech (Live Coverage)

The speech gives Warsha chance make up for his July 29 news conference that sent long-term Treasury yields jumping amid doubts about his determination to rein in inflation. S&P 500 futures are slightly lower and the 10-year Treasury yield modestly higher ahead of the big speech. The developments since July 29 have only raised the stakes for Warsh's talk.

He Put Gold in His IRA to Hedge Inflation. At 73, the RMD Forces Him to Sell the Precious Metal, and Taxes His Social Security.
24/7 Wall St.69d agobearish
He Put Gold in His IRA to Hedge Inflation. At 73, the RMD Forces Him to Sell the Precious Metal, and Taxes His Social Security.

Picture a 73-year-old who spent the last decade watching prices climb and decided, sensibly enough, to tuck some physical gold inside a self-directed traditional IRA. The plan felt airtight: hedge inflation, ride out the noise, hand the metal to his heirs. Then his birthday arrived, and the IRS reminded him that traditional IRAs come with ... He Put Gold in His IRA to Hedge Inflation. At 73, the RMD Forces Him to Sell the Precious Metal, and Taxes His Social Security.