Gold last traded at $1,276 an ounce. Silver at $14.95 an ounce.
NEWS SUMMARY: Precious metal prices traded steady Thursday despite a stronger dollar. U.S. stocks traded mixed as 'Medicare for All' proposals resulted in steep health-care sector losses for a third straight day.
The Latest Attack on Capitalism by Democrats -Fox News Swiss America chairman Craig R. Smith and Jonas Max Ferris of MaxFunds discussing recent calls for capitalist reform by billionaires as well as numerous 2020 Democratic presidential candidates. Mr. Smith does not agree with statements this weekend by democratic presidential hopeful Mayor Pete Buttigieg that corporations are to blame for governmental abuses or that his call for "democratic capitalism" is anything but another name for socialism.
JPMorgan: The Business Cycle No Longer Exists -Zero Hedge "The amount of mental acrobatics that Wall Street analysts have to perform to justify continued buying of stocks even as bonds scream deflation, the yield curve screams contraction, Europe and China are already one foot in a recession, and earnings are set for their first profit contraction in 3 years, is simply staggering....
Conversation with a young socialist -Boudreaux/Tribune "Recently near my office at George Mason University I ran into a student of mine who was showing his friend around campus...The friend - call him 'Jack' — wore a T-shirt emblazoned with the famous image of Che Guevara. Inferring from my economics lectures that I’m no great admirer of Guevara...he asked me why I object to Guevara.
China Is on a Big Gold-Buying Spree -Bloomberg "China’s on a bullion-buying spree as Asia’s top economy expanded its gold reserves for a fourth straight month, adding to investors’ optimism that central banks from around the world will press on with a drive to build up holdings.