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6.18.19 - Facebook unveils 'its most invasive and dangerous form of surveillance yet'

Gold last traded at $1,350 an ounce. Silver at $14.99 an ounce.

NEWS SUMMARY: Precious metal prices rose Tuesday on safe-haven buying and dovish Fed expectations. U.S. stocks rose after President Donald Trump said he will meet with Xi Jinping at the upcoming G-20 summit, boosting hope for a U.S.-China trade deal.

 

 

 

Gold Fever is Spreading

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800px Gold bullion 2Gold Fever is Spreading -Innes/FX Empire/Yahoo Finance
"Gold prices climbed to the highest levels in more than a year. But adding to Golds allure is that prices traded well despite rebounding equities and a firmer USD. And while the prospect of lower U.S. rates and dovish Fed expectations remain supportive, Gold appeal goes well beyond that and is moving higher on own its accord as a safe and inexpensive hedge against the abundance of tail risks rapidly wagging.

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Facebook Unveils 'Libra'

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mailFacebook unveils 'its most invasive and dangerous form of surveillance yet' with launch of Libra cryptocurrency -The Sun
"FACEBOOK is launching cryptocurrency next year that will allow people to move money from their smartphone into a digital 'wallet'. Experts have branded the move a dangerous power grab that marks Facebook's 'most invasive' form of surveillance yet.

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Facebook Value Goes Crypto

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facebook box 1334045 640Facebook value goes crypto -Ponte/WND
"Facebook, the social network, announced on Jan. 30, 2018, that it would ban all ads for Bitcoin and other cryptocurrencies in order to stop promotions that it sees as 'frequently associated with misleading or deceptive promotional practices.'...Eighteen months later, on June 18, Facebook planned to issue a White Paper unveiling details of its own cryptocurrency, to be known as Libra....

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Housing: Too Many Big Homes

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house 2822944 640A Growing Problem in Real Estate: Too Many Too Big Houses -Wall Street Journal
"Large, high-end homes across the Sunbelt are sitting on the market, enduring deep price cuts to sell. That is a far different picture than 15 years ago, when retirees were rushing to build elaborate, five or six-bedroom houses in warm climates, fueled in part by the easy credit of the real estate boom. Now, many boomers are discovering that these large, high-maintenance houses no longer fit their needs as they grow older, but younger people aren't buying them.

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