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7.16.19 - Recession fears rise for middle-class families

Gold last traded at $1,411 an ounce. Silver at $15.67 an ounce.

NEWS SUMMARY: Precious metal prices traded mixed Tuesday on mild profit-taking and a firmer dollar. U.S. stocks slipped after President Trump said trade progress between China and the U.S. has a 'long way to go'.

 

 

 

U.S. Adversaries Buying Tons of Gold

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800px Gold bullion 2America's Adversaries Are Buying Gold Like A Nuke Is Going Off Tomorrow -Zero Hedge
"Gold has broken dramatically higher in the last month, hitting 6-year highs...The surge in the precious metal has accompanied a collapse in bond yields around the world and a record level of negative-yielding debt... Gold demand remains abundant, as Goldman details in its latest note, raising its outlook for gold, countries with 'geopolitical tensions with the US' are buying everything.

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Bad News About Low Unemployment

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RecordLowUnemploymentThe Bad News About Record-Low Unemployment -Maulden Economics
"Unemployment is the lowest it's been in 50 years. That means most people who want to work can find a job. It also means people are making more money and buying more stuff. But a low unemployment rate is a double-edged sword. See, the unemployment rate is cyclical.

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Fed is About to Create More Zombies

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ZombieEconomicsThe Federal Reserve is about to create a lot more zombies -Marketwatch
"Corporate zombies, that is. Kept alive by easy-money policies, companies that should have gone out of business keep staggering around. Long-term interest rates just fell off a cliff. And if you think they can't keep falling, think again. Albert Edwards, a strategist at SG Securities, pointed out in a recent note that none of the experts surveyed by the Wall Street Journal at the start of the year predicted 10-year Treasury yields would fall below 2.5%. Current level: 2%.

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America's Fake Money to Get Fakier

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dollar 499481 640America's Fake Money Will Get Fakier -Bonner/Bonner And Partners
"Last week, Fed chair Jay Powell and European Central Bank president Mario Draghi both affirmed their resolve to provide more stimulus in the months ahead. In other words, the guardians of the world's most important measures of value said they would lend more fake money at even fakier interest rates.

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