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A U.S. navy investigator presented what he said was evidence of Iran’s involvement in the attacks on tankers near the Persian Gulf, laying out the most detailed assessment that’s been made public since the incident raised tensions in the region earlier this month.Commander Sean Kido, an
    WTI Spikes After Bigger Than Expected Crude Draw
Jun 19, 2019 - 07:49:04 PDT
With the ongoing slide in rig counts, expectations continue to view production levels declining over the next few months and they did for the second week in a row...
SD Midweek Update: Don't be surprised by gold & silver's upside surprise. Here's what you need to know...
    Trucking Swerves Deep into Slump, from Red-Hot Boom
Jun 19, 2019 - 07:33:15 PDT
Freight shipments dropped the most since Nov 2009.
All eyes will focus on the Federal Reserve as it wraps up its June meeting. But it's important to remember the Fed isn't the only game in town. Moves by the European Central Bank also have a significant impact on the global economy (and the gold market) and it has taken a decidedly dovish turn.
Most analysts expect the Fed to hold interest rates steady in June, but potentially set the stage for a July rate cut. (Although Jim Grant said he thinks the Fed will actually cut this month.)
Risk reversals on gold, a gauge of calls to puts on the yellow metal, rose to their highest level since November 2009 on Wednesday, indicating investo
    Deutsche Bank’s Lost Decade Haunts - Bloomberg
Jun 19, 2019 - 06:00:43 PDT
Christian Sewing has one more shot to reverse Deutsche Bank AG’s free fall...
Stanley Fischer just suggested the central bank raised rates in December to counteract criticism from the White House.
“The Sino-US trade war is not just about trade or technology or even tribe, as in a clash of civilisation ... I believe it is ultimately due to a lack of strategic trust between the US and China,”
    China Dumps More US Treasurys
June 19, 2019
China dumped more US Treasurys in April, selling off another $7.5 billion in US debt, according to the latest US Treasury Department data.  This follows on the heels of the biggest US Treasury selloff by the Chinese in nearly 2 1/2 years in March.
Over the last two months alone, the Chinese have dumped some $17.5 billion in US debt.
    China’s Lehman Moment Is Drawing Closer - Bloomberg
Jun 19, 2019 - 05:16:13 PDT
China’s central bank has acknowledged its monetary tools are insufficient. The most powerful ones are proving too blunt to drill through a hardening financial system.
    Peter Hambro Says Gold to 'Move Up'
Jun 19, 2019 - 04:57:23 PDT
Peter Hambro, president of London-listed, and chairman of Hong Kong-listed IRC Ltd. talks about gold...
...if we start spiraling towards a recession, if we get too far gone, a couple rate cuts isn’t going to be enough to pull us out and then it could be a much rougher situation.”
Without the huge increase in U.S. shale oil production, the global economy would have peaked and collapsed into a severe depression.
Over the next few months, more and more it seemed as if the entire global economy struck a landmine...
    BOJ's Kuroda: Global Economic Uncertainty Is High
Jun 19, 2019 - 04:36:23 PDT
Bank of Japan's Governor Kuroda, while speaking in Japanese parliament on Monday, said the uncertainty over global economic outlook is high and the central bank will take that into account while setting the monetary policy
    Value of Debt with Negative Yields Nears $12 Trillion
Jun 19, 2019 - 04:27:59 PDT
The rally in global sovereign bond markets is expanding the market for subzero-yielding debt.
Markets were unimpressed with Draghi’s message after the June rate meeting, however.
President Trump, asked if he still wants to demote Federal Reserve Chairman Jerome Powell, says, “Let’s see what he does.”
Once the FOMC meeting is out of the way, it'll be time for investors to get bold, reduce hedges, buy all dips, and...