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Gold prices jumped more than 1% to their highest in more than six years on Monday, as the escalating trade war between the United States and China along with global growth worries drove investors towards safe-haven assets.
Traders in Asia are bracing for a full-fledged currency war, after a slide in China’s yuan past the 7 per dollar mark raised the prospect of policy makers allowing their exchange rates to weaken to remain competitive.
    The Coming Regime of the ECB: Radical Centrism
Aug 5, 2019 - 05:26:30 PDT
There is a changing of the guard at the European Central Bank this year with two important new appointments. Philip Lane, the governor of the Irish central bank, was appointed chief economist of the ECB back in June.
China Hits Back at Trump by Weakening Yuan, Halting Crop Imports
Something is wrong with the global economy. It's not functioning as it "should," or traditionally has. Actually, the world economy seems downright dysfunctional. This distortion relative to past norms reminds me of the skewed...
Gold demand jumped to a three-year high through the first half of 2019, driven by central bank gold-buying, inflows of metal into ETFs and a resurgence of Indian jewelry demand.
Gold demand totaled 2181.7 tons through the first half of the year, according to the World Gold Council Gold Demand Trends Q2 2019 report. It was the strongest gold demand through the first half of a year since 2016.
The reason the Founding Fathers included a monetary policy in the Constitution is that they wanted money to be as far away as possible from any human intervention...
The Chinese yuan dropped sharply on Monday to its weakest level against the US dollar in more than a decade, raising fears of further dangerous escalation in the US-China trade war.
    Meanwhile, Inside The Plunge Protection Team: Chaos
Aug 5, 2019 - 04:54:11 PDT
"an unusual level of internal tension broke out in recent weeks at the fortress-like Federal Reserve Bank of New York in lower Manhattan"...
Russia is acting on a pledge by President Vladimir Putin to shrink the role of dollar in international trade as tensions sour between Washington and Moscow.The shift is part of a strategy to “de-dollarize” the Russian economy and lower its vulnerability to the ongoing threat of U.S. sanctions
U.S. stock futures fell sharply as a trade war between the world's largest economies intensified.
Zimbabwe’s finance minister responded to the country’s worsening economic crisis last week by blacking out inflation statistics for the next six months, boosting the price of the little power that’s available five-fold and admitting what the International Monetary Fund told him in April
    Venezuela Hyperinflation Hits 10 Million Percent
Aug 5, 2019 - 04:41:55 PDT
A coup taking down Venezuelan president Nicolas Maduro would be only the first step in any attempt to get the South American economy back on track. Economic shock therapy will be required to reverse the chaos of a state-run system that wasted its oil riches.
    Traders Are Betting Big on a Sudden Drop in Stocks
Aug 5, 2019 - 04:39:01 PDT
Traders have been loading up on call options in the Cboe Volatility Index, AKA the VIX or "fear gauge," wagering on big price swings in the market.
Why are silver and gold are up sharply after the recent Fed announcement? Here's why...
The Fed cut rates, but it was a "hawkish" cut, and gold bulls got a cold shower. What comes next for gold depends on this...
The easing cycle may be the catalyst gold needs to outperform the market and retrace its monster bull rally in the 2000s...
The gold and silver prices have held up remarkably well compared to the broader markets as they continue to sell off today.
    Position Limits - Ted Butler
Aug 2, 2019 - 13:11:16 PDT
The big paper silver longs have a perfectly legitimate alternative to the day when (not if) they are ordered to divest their big COMEX futures positions
    Gold, the “Anti-Dollar”, Will Rise
Aug 2, 2019 - 13:05:21 PDT
Debased currencies and overheating bond markets have sparked renewed interest in gold – a tried and tested means of hoarding wealth.