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Despite the majority of Americans receiving a tax cut, the IRS collected more than $90 billion more in 2018 than in 2017.
    Gold Knocks Six Times on the Ceiling
Jun 4, 2019 - 04:31:17 PDT
St. Louis Fed president James Bullard helped light a fire under gold today, Yapping About Too Little Inflation and the Need for Rate Cuts.
    A Troubled World Means A Stronger Dollar – For Now
Jun 4, 2019 - 04:28:18 PDT
A rising dollar makes it harder for US companies to sell goods – priced as they are in an appreciating currency – overseas.
Regulators need to step up risk assessments of the cryptocurrency sector as current rules are patchy, and quick technological change may lead to gaps in policies on digital money...
    Multi Billion Fund Blocks Redemptions
Jun 4, 2019 - 04:24:04 PDT
The freeze, also known as a redemption gate, which usually is implemented during times of market turmoil to avoid a catastrophic liquidation of assets as investors panic...
Trump, who objected to past disaster relief efforts over funding allotted for the hurricane-ravaged U.S. territory of Puerto Rico, said he would support the plan passed Monday.
We either already have the "buy" signals, or the buy signals are imminent, and this rally could be very big. Here are the details...
    Gold Traders’ Report - June 3, 2019
Jun 3, 2019 - 14:28:05 PDT
Gold extended its rally last night, climbing in a range of $1307 - $1318.50. Buy stops were hit over $1307 (Friday’s high and 50% retracement of down move from 2/20 $1347 high to 4/23 $1266 low) and $1309-12...
    A Quiet Revolution Is Brewing
Jun 3, 2019 - 13:36:37 PDT
New social, political and economic structures will arise that are stable because they reflect new realities. "Politics as usual" failed in 1765 and it's failing now.
Gold jumped more than 1% on Monday to its highest in more than nine weeks on worries that U.S.-Chinese trade tensions and Washington’s threat of tariffs...
Federal Reserve James Bullard has said that a rate cut may be warranted soon on various risks. More to come...
Gold futures prices are up $45 in the last two trading days, bursting through the $1300 Maginot Line, and surging to the highest since March (in USDollars).
    Deutsche Bank Hits Fresh Record Low
Jun 3, 2019 - 10:24:38 PDT
Deutsche Bank shares slumped to a fresh record low Monday as pressure continues to mount on the region's biggest lender amid calls to increase its capital buffer and record low interest rates in the struggling European economy.
    Get Ready For Trump's Currency War
Jun 3, 2019 - 10:13:52 PDT
Though President Xi Jinping doesn’t tweet, his sliding currency is trolling Trump in tantalizing ways. The question is whether the yuan’s slide to 7 versus the U.S. dollar triggers Trump to intensify his trade war?
For the U.S. Federal Reserve the fallout has posed an era-defining choice: Either jolt Americans to expect higher inflation, or keep the printing press ready for the next economic slide.
Stocks and other risky assets tend to underperform in the next 12 months after Morgan Stanley’s cycle indicator shift to a ‘downturn.’
    Experts Warn of 'High' Chance of a Recession by 2020
Jun 3, 2019 - 08:54:30 PDT
New warnings from experts that call for a high risk of a recession by the end of 2020 and increased chances for multiple interest rate cuts from the Federal Reserve.
“May saw U.S. manufacturers endure the toughest month in nearly 10 years, with the headline PMI down to its lowest since the height of the global financial crisis,” said Chris Williamson, economist at IHS Markit. Survey respondents stated that weak client demand drove the drop in new orders for
For the U.S. and China, trade tensions are just part of a rapidly deteriorating relationship. Harsh talk of a "clash of civilizations" is becoming a new norm.
    Did The Government Just Test The Internet Kill Switch?
Jun 3, 2019 - 08:47:13 PDT
"'I felt a great disturbance in the farce, as if millions of voices suddenly cried out in terror and were suddenly silenced."