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Turn off your TV and block those gold bull Twitter feeds. Here's why...
I've got an idea. It's not really original, but I think it's fantastic and worth considering here as we get close to the Fourth of July holiday. How about if we build a big cage in Washington D.C. and let the politicians just fight it out MMA-style?
I mean, that's pretty much the level most of these people operate on anyway. They are all just blustering around with their chests all puffed out. The problem is, they always end up dragging us into their beefs.
"Interest rates are at zero practically everywhere, or very close. Now we know interest rates are going to remain low for longer, that is as much as the central banks can do," said Angel Gurria, OECD Secretary-General.
Uncertainty related to escalating trade tensions and decelerating global growth is slowing the U.S. economy, said Robert Kaplan.
Corrections are normal. What goes up must come down. However, gold...
And just like that, gold was over $1,400. Just a couple of weeks ago, we were talking about how gold was struggling to crack through the key $1,300 level. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the main drivers behind the gold market right now, including the trade war and central bank mechanizations. He also covers some supply and demand fundamentals.
Trump and Xi are set to discuss trade at the G-20 summit in Japan. The highly anticipated meeting will likely impact the bilateral relationship and the broader global economy.
    Deutsche Bank Considers Up to 20,000 Job Cuts
Jun 28, 2019 - 06:49:21 PDT
Deutsche Bank could target 15,000 to 20,000 job cuts, or more than one in six full-time positions globally, are the latest attempts to turn around the struggling financial giant.
As the world financial system heads closer to the abyss, global production of the second most important precious metal, silver, continues to deal with serious problems.
"the risk is greater that we see a significant fall rather than a further rally higher..."
    Fed's Favorite Inflation Indicator Stagnates
Jun 28, 2019 - 05:51:01 PDT
US Savings Rate Sits At 6 Year Lows. On a YoY basis, Americans lived beyond their means for the 4th consecutive month as incomes grew 4.1% and spending rose 4.2%...
    Is the Fed Already Behind the Curve?
Jun 28, 2019 - 05:48:01 PDT
To cut or not to cut is no longer the question. Now the question is the quantity, magnitude and timing of rate cuts for the rest of the year.
“There is a very good chance that this could mark the beginning of a new gold bull market,” VanEck says.
    Buy Gold, Sell Bonds - Forbes
Jun 28, 2019 - 05:43:35 PDT
If you're considering tweaking your strategy for the second-half of the year, I have four words for you: Buy gold, sell bonds.
Prices have surged to the highest since 2013 on expectations for looser monetary policy, rising geopolitical tensions and slower global growth...
The push for additional support was set in motion by ECB's Draghi last week when he said more stimulus will be needed if the outlook doesn’t improve.
    Trump Wants Fed to Weaken Dollar - Bloomberg
Jun 28, 2019 - 05:25:51 PDT
Powell Says That’s Not His Job.
It’s the obvious way to avert national bankruptcy as the country keeps piling on debt.
“This is going to go on, these discussions, for a decade,” Gorman said.
    Bank Collapse Threatens China's Economy
Jun 28, 2019 - 05:01:59 PDT
The collapse of a small regional bank has hit lending just as the Chinese economy is slowing, and that's bad news...