Corsi Nation

10.16.18 - Sears Now Banking on Bankruptcy Bailout

Gold last traded at $1,231 an ounce. Silver at $14.70 an ounce.

NEWS SUMMARY: Precious metal prices rose Tuesday on safe-haven buying and a weaker dollar. U.S. stocks recovered some recent losses on upbeat corporate earnings.

 

 

 

Investors Seek Gold's Safe Haven Refuge

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bars business global intergold 335268Gold hovers near 2-1/2 month high as investors seek safe haven refuge -Reuters
"Gold prices inched higher early on Tuesday, hovering near a 2-1/2 month high hit in the previous session, as risk averse investors sought a safe haven amid rising political tensions and economic uncertainty....Asian stocks bounced modestly on Tuesday, gaining a toe-hold after a week of heavy losses, although increasing tensions between Saudi Arabia and the West fanned geopolitical concerns and capped gains. Saudi Arabia is preparing to acknowledge the death of Saudi journalist Jamal Khashoggi in a botched interrogation, CNN and the New York Times said on Monday, after U.S. President Donald Trump speculated 'rogue killers' may be responsible....

Investor Stock Run Before Recent Plunge

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DummyInvestors were running from stocks even before last week's plunge due to 'more fear' -Larry Fink/CNBC
"BlackRock Chairman and CEO Larry Fink said Tuesday he saw huge outflows before last week's stock plunge due to 'more fear' among investors. 'There's a huge commentary that we are at peak earnings,' Fink, CEO of the world's largest money manager, said in a 'Squawk Box' interview....'Companies are having margin pressures because of rising wages, which may be a good thing for the overall economy but not as good for corporate profitability,' he said.

America's 'Uncivil' War Has Already Begun

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hires 100518 N 0696M 276SMalolThe 'Uncivil' War - Ponte/WND
"'You cannot be civil with a political party that wants to destroy what you stand for, what you care about,' said Hillary Clinton days ago. What this means, she made clear, is that civility can only return when her Democratic Party again controls the government. If our nation does not elect her (or one of her progressive comrades) to rule, then those leftists will be justified in using resistance, undemocratic government power, intimidation and mob violence in a very uncivil war to ruin America....

Sears Now Banking on Bankruptcy Bailout

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1200px SearsSears, a Onetime Retail Giant, Now Banks on Bankruptcy -Wall Street Journal
"Early Monday, Sears filed for bankruptcy protection after years of struggle and relentless losses. Sears said in court papers it faces catastrophic consequences if it can’t repair its supply chain and keep merchandise flowing to the company's stores and warehouses. Some 200 vendors have stopped shipping goods to its stores in the past two weeks and it faces potential liens if it can’t pay logistics companies owed millions of dollars over the coming weeks, Sears said in court papers....

How Gold Can Rebalance Your Portfolio

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gold is money 2020767 640Why it's worth holding a bit of gold in your portfolio -Moneyweek
"We have interest rates going up at a clip that's much faster than certainly a lot of people, including myself, would have anticipated. I think the Fed is out of control. Central banks are independent, in theory. But that won't stop the president of the US from giving his full and frank opinion on their performance. Donald Trump reckons the Federal Reserve is to blame for the recent spasm of panic in markets....Meanwhile, gold - that much-detested haven for those still superstitious enough to fear that economists and central bankers haven't quite got all of this figured out yet - had a big bounce, all the way up to $1,220 an ounce.

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