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4.18.19 - Trump Fed Picks Favor Gold Standard

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.

 

 

 

A Tax So High It May Take Your Breath Away

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CO2A tax so high it might just take your breath away -Crudele/New York Post
"I’m starting to feel that the people who create our tax laws don’t only want to take away some of our money - they want it all. Consider this. New Jersey will soon have something called the rainfall tax...Jersey also allows people to gamble in casinos, at the racetrack, on their phones and wherever lottery tickets are sold, which add up to hidden taxes on people.

Jobs Headline Hides Broad-Based Weakness

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termination 110301 640Strong Jobs Headline Hides Broad-Based Weakness -Zero Hedge
"Despite the stronger than expected headline jobs print, which allayed fears over the unexpectedly poor February number, there was pervasive weakness everywhere...A closer look behind the headlines in today's jobs report suggests that there may have been some political 'massaging' to goalseek a goldilocks number. First, the Household Survey showed that the number of employed workers actually declined by 201K to 156.748K...

Safe-Haven Gold Set to Glimmer

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gold is money 2430051 640Gold: Set to glimmer as investors seek refuge in safe-havens -FXStreet
"Gold is positioned to become a likely prime destination for safety in the second quarter of 2019 amid deteriorating global macroeconomic conditions and rising geopolitical risks. The yellow metal swerved back and forth in Q1...But with the narrative around slowing global growth dampening appetite for risk and the Federal Reserve solidifying its dovish policy U-turn, the outlook for Gold is looking increasingly bright. There is an expectation that the metal’s near-term performance will be heavily influenced by risk sentiment and the Dollar’s valuation. Investor risk sentiment remains strained by ongoing US-China trade developments and Brexit drama, while Dollar bulls appear to be running out of steam....Heightened concerns surrounding the health of the US economy have not only pressured the Dollar but rattled its status as a safe-haven asset. Warning lights are flashing amber over the largest economy in the world entering a possible recession after the US Treasury Yield curve inverted for the first time since 2007."

Can We Trust China Agreement?

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Can We Trust China to Abide by a Trade Agreement? -Fox Business
Swiss America Chairman Craig R. Smith and Veronique de Rugy of Mercatus Center discussing the latest progress on the U.S.- China trade negotiations, the impact trade tariffs have had so far, and whether or not China's currency manipulation will be addressed in the upcoming agreement.

JPMorgan: "Start Building Hedges"

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JP Morgan Chase towerJPMorgan: "Investors Should Start Building Hedges" -Zero Hedge
"Yesterday after the close, JPMorgan top quant Marko Kolanovic appeared on CNBC to reiterate his chronically bullish case, saying the S&P 500 could hit his year-end price target of 3,000 by the end of May (he had several caveats, noting that a U.S.-China trade deal had to be concluded coupled with Brexit that is 'not too disruptive' or is even pushed back.)....