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Precious metals news

Chinese ADRs delisting, Chinese IPOs shifting to Hong Kong, China selling its US investments including Treasuries and stocks, US and China engaging in a currency war
    The China Battle Has Just Started
Jun 5, 2019 - 05:33:22 PDT
The current trade negotiations could get uglier and derail. But even if they don’t, both sides will likely feel they did not get what they needed
    ADP Employment Growth Crashes To 9 Year Lows
Jun 5, 2019 - 05:22:16 PDT
“Job growth is moderating. Labor shortages are impeding job growth, particularly at small companies, and layoffs at brick-and-mortar retailers are hurting. "
    The ECB Is Looking Increasingly Powerless - Bloomberg
Jun 5, 2019 - 05:07:43 PDT
With forward inflation measures close to lows, Frankfurt has a problem.
    Fed Rate Cut Bets Weaken Dollar as Focus Turns to ECB
Jun 5, 2019 - 04:53:43 PDT
The dollar struggled near a seven-week low on Wednesday on rising expectations of a U.S. central bank interest rate cut in response to trade conflict-related risks.
Latvian prosecutors expanded charges against European Central Bank Governing Council member Ilmars Rimsevics to include laundering the 250,000-euro ($280,000) bribe he’s already accused of soliciting from a commercial bank that was later closed.
The Fed should cut interest rates by 50 basis points over the summer and by more, if necessary, in the fall.
Central banks are resuming their first-responder role as the world economy runs into trouble even if they lack the firepower they once had at their disposal.
If gold production is peaking and the mining companies aren’t exploring like they used to, then where is the new supply going to come from?
"...investors should acknowledge that Europe is much more zombified than the US, so - unfortunately for gold prices..."
    Gold Traders’ Report - June 4, 2019
Jun 4, 2019 - 13:28:38 PDT
Gold was nervous and choppy last night in a range of $1320 - $1329 – typical of a market that just reached multi-month highs. Gold rose to its high of $1329 (fresh 3-month high) during late Asian and early European time...
The current boom is heavily built on credit. This is because in today’s fiat money regime central banks, in close cooperation with commercial banks, increase the quantity of money by extending loans – loans that are not backed by ‘real savings’.
Venezuela has defaulted on a gold swap agreement valued at $750 million with Deutsche Bank, prompting the lender to take control of the precious metal...
    Brace Yourself for the Coming Tech and Debt Wrecks
Jun 4, 2019 - 12:47:33 PDT
In both equity and debt markets investors are buying securities that have identical characteristics to the disasters of the recent past.
    Liz Warren Unveils "Economic Patriotism" Plan
Jun 4, 2019 - 12:46:06 PDT
Calls For Aggressive Market Interventions, Active Dollar Management...
    Why Deflation Will Defeat the Fed
Jun 4, 2019 - 11:29:39 PDT
Don’t fight the Fed, as the saying goes. The implication is that the central bank is firmly in control of the money supply: loosen it and stocks have nowhere to go but up.  Betting on this outcome has been a big winner since the bull market took off in March 2009. However, all bull markets …
    Gold Sees Biggest Inflow Since Brexit
Jun 4, 2019 - 10:44:17 PDT
As the investor exodus from equities spreads to HY corporates, leveraged loans, and HY Munis, safe-haven flows are soaring into bonds and bullion.
    Fear of a Gold Planet
Jun 4, 2019 - 10:25:27 PDT
A heterodox appreciation for the classical gold standard, and a desire to see the Federal Reserve perform at least as well, should not be grounds for disqualification from a seat at the table where monetary policy is made.
The Federal Reserve’s so-called dot plot, a chart showing where officials thought interest rates would go, looks like it will not survive a review of the...
    U.S. Dollar Supremacy Could Quickly Fade
Jun 4, 2019 - 09:57:07 PDT
The greatest risk to the US dollar may, in fact, come from within. The imposition of tariffs and sanctions create an opportunity for other countries to engage in bilateral trade.