10.18.19 - Darkening Outlook for U.S.-China Trade Deal

Gold last traded at $1,494 an ounce. Silver at $17.57 an ounce.

NEWS SUMMARY: Precious metal prices traded steady Friday on a weaker dollar. U.S. stocks fell amid weak overseas data while Netflix led Big Tech shares lower.

 

 

 

Free Markets Driven by Empathy, Not Greed

face 985964 640The Driving Force of Free Markets Is Empathy, Not Greed -FEE.org
"Both capitalists and anti-capitalists frequently accuse capitalism of being a system driven by selfishness and greed. But are greed and unbridled selfishness really the driving forces of capitalism? Human self-interest is one - not the only - driving force of all human action. But this has nothing to do with a particular economic system. In capitalism, however, this self-interest is curbed by the fact that only the entrepreneur who prioritizes other people's needs can be successful.

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U.S. Risks Strengthen Case for Gold

gold is money 2020767 640Gold Gets Another Boost as U.S. Risks Strengthen Case for Havens -Bloomberg
"Gold steadied after posting its longest rally in three months as investors weighed growing political tensions in the U.S., which reinforced demand for havens. Bullion, which has already benefited from central bank easing, slowing growth and the trade war, gained an additional support after an announcement that the U.S. House of Representatives is opening a formal impeachment inquiry of President Donald Trump.

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Pelosi's Bad Impeachment Call -NYT

Biden BoomerangPelosi's Bad Impeachment Call -New York Times
"Once upon a time, prominent Democrats called for the impeachment of a powerful conservative officeholder, only to be embarrassed into silence when it turned out that the basis for their calls was arguable and incomplete, handing their Republican opponents a P.R. coup. That conservative was Brett Kavanaugh, and the time was two weeks ago. How well did that work out for liberals?

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D.C. Plunges into Impeachment Hearings

333px Donald Trump March 2015Donald Trump March 2015 courtesy Michael VadonWashington plunges into Trump impeachment investigation -Associated Press
"President Donald Trump pressed the leader of Ukraine to 'look into' Joe Biden, Trump's potential 2020 reelection rival, as well as the president's lingering grievances from the 2016 election, according to a rough transcript of a summer phone call that is now at the center of Democrats' impeachment probe....

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