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3.21.19 - Social Security Reform, Without Tax Hikes

Gold last traded at $1,307 an ounce. Silver at $15.43 an ounce.

NEWS SUMMARY: Precious metal prices eased back Thursday amid Fed dovishness and dollar volatility. U.S. stocks rose as Apple and Micron surged to lead the tech sector higher
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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....

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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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Is US Stock Market Due For More Pain?

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StockMarketThe stock market looks like it is due for more pain, even as it teases with comeback rallies -CNBC
"The market last week hurt investors coming and going. The 5.3 percent crunch in the S&P 500 on Wednesday and Thursday took the index back to early-July levels - inflicting buyer's remorse on anyone who bid into the late-summer rally - while punishing the most popular huge growth stocks of technology the hardest..

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US-China Trade War: Civilizations Clash

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america china commerce communication business concept 1444957 pxherecomUS-China trade war is really a clash of civilizations and ideologies -South China Morning Post
"The conflict between China and the United States is a competition between two different civilizations and value systems....Both Washington and Beijing must know the dispute is about much more than trade. Washington has been reflecting on its China policy, as US vice-president Mike Pence said in his speech at the Hudson Institute on October 4...However, China has refused to follow the path that Washington once hoped it would....Reviewing history, we can see that the US is OK with China’s economic rise but not so its model, which lacks private property protection or democratic election.

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Asset Valuations: No Relation to Reality

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cash 1169650 640Blain: "Liquidity Will Be The Murder Weapon" -Zero Hedge
"In the headlights this morning: Saudi Arabia: forget the IPO and worry about MbS threating an oil war if the West doesn’t let him murder whomever he doesn’t like. $100 by year end? Brexit: The next millennium bug? Very good interview on Andrew Marr show with head of Next outlined a no-deal will be less than optimal, but it won’t be a disaster. Lets get on with it. Germany: Merkel's affiliate party takes a pasting in Bavaria. Who is out a job first? Merkel or May?....Global Market Reset? The inherent danger of a reset makes sense to me.

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