8.21.19 - Recession by 2021 Say 74% Economists

Gold last traded at $1,512 an ounce. Silver at $17.11 an ounce.

NEWS SUMMARY: Precious metal prices steadied Wednesday ahead of Fed minutes. U.S. stocks rose as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.

 

 

 

Trump and the Greenland New Deal

Written by Staff Writer

tasiilaq 892511 640Trump and the Greenland New Deal -Ponte/WND
"Days ago the Wall Street Journal reported that, 'with varying degrees of seriousness,' President Donald Trump has 'repeatedly expressed interest' in buying from Denmark the world's largest island, Greenland. Likewise, the 'future of the Democratic Party,' socialist Congresswoman Alexandria Ocasio-Cortez, recently proposed a 'Green New Deal' that would save the world from global warming by outlawing the internal combustion engine; prohibiting airline travel; ending cow flatulence, a major source of greenhouse gases, by banishing the eating of beef; and taxing nearly $100 trillion out of businesses and the wealthy.

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Why Some Analysts are Eyeing $2,000 Gold

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gold is money 2430051 640Why gold's 'strong undercurrent' has some analysts eyeing $2,000 an ounce -Yahoo Finance
"Gold has benefited from a spate of supportive factors over the past few months, and some bulls now see the precious metal making a climb to a record high of $2,000 an ounce....'There has been a strong undercurrent of demand for gold,' said Brien Lundin, editor of Gold Newsletter. 'Even as short term factors like the China trade dispute may come and go, longer-term investors are confident that the issues of monetary debasement and other geopolitical factors will continue to impact the market.'....

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What's the Deal With Inverted Yield Curve?

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Yield Curve"The financial world has been atwitter about the inversion of the yield curve. It is a phenomenon in the bond market in which longer-term interest rates fall below shorter-term interest rates, and has historically been a warning sign that a recession could be on the way....Bonds that mature at different times are always trading on global markets, and with some fairly simple math you can figure out what the price of different bonds implies about how interest rates are expected to change over the coming years....

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Treasury About to Flood Markets with Debt

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image courtesy Roman BoedMarketWatch
"An anticipated surge of U.S. borrowing in the global debt markets in the second half of this year is starting to create concern as Treasury is expected to ramp up its issuance of bills, notes and bonds to fund a soaring $1 trillion budget deficit....Last month the U.S. Treasury laid out its plans to borrow $814 billion between July and December, after the Trump administration and Congress agreed to a two-year postponement of the U.S. debt ceiling, ensuring no government shutdown or a federal default.

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