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6.13.19 - CFOs Bracing For 2020 Recession

Gold last traded at $1,343 an ounce. Silver at $14.89 an ounce.

NEWS SUMMARY: Precious metal prices rose again Thursday on safe haven buying despite a firmer dollar. U.S. stocks rose, lifted by gains in Disney and energy shares, despite geopolitical tensions in the Mid-East.

 

 

 

The Gov is Threatening Big Tech

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regulationThe government is threatening big tech — and the market just took notice -CNBC
"Politicians and technology executives have spent well over a year debating the proper role for regulators in the tech industry, which has assumed outsized influence over the U.S. economy. Monday was the day that the chatter turned to early stages of action, and the market punished big tech.

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Stocks Slide on Mexico Tariff Threat

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graph 3078540 640Stocks Fall as Trump’s Mexico Tariff Threat Rattles Markets -Wall Street Journal
"Stocks and bond yields around the world fell Friday after President Trump threatened to impose escalating tariffs on Mexico, capping a brutal month for markets as rising trade tensions roiled investor confidence. The threat pushed stock markets down as investors feared applying tariffs on Mexican products could hurt corporate earnings, increase prices for U.S. consumers and crimp economic growth. As investors sold stocks, they moved to government bonds, gold and the Japanese yen, all assets typically perceived as safer. 'This will impact consumer spending.

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Fed Candidate Slams Central Bank Power

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Gypsy and uncle samFed candidate slams central bank's 'Soviet' power over markets -Financial Times/GATA.org
"Judy Shelton, a senior US official who is being vetted for a job on the board of the Federal Reserve, has attacked the central bank for wielding undemocratic, Soviet-style powers over markets and suggested it should not even be in the business of setting interest rates. In an interview with the Financial Times at the Trump International Hotel in Washington this week, Ms. Shelton called on the Fed to 'think about whether they are doing more harm than good.' If appointed to the board, she would be 'asking tough questions' about its most basic mission, she said.

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Gold To Hit $1,400 "In A Near Second"

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GoldGold Prices To Hit $1,400 "In A Near Second" Should Inflation Rise -Kitco
"Recently imposed tariffs on Chinese imports could push up inflation in the U.S., adding a tailwind to gold prices, this according to Frank Holmes, CEO of U.S. Global Investors. 'Historically when you look at tariffs, it's a taxation, and that taxation is going to be picked up by the consumers in America, and so that's going to be inflationary for buying products,'

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