10.15.19 - Retail Investors to Extend Gold's Rally

Gold last traded at $1,483 an ounce. Silver at $17.38 an ounce.

NEWS SUMMARY: Precious metal prices consolidated Tuesday amid tempered risk aversion. U.S. stocks rose as the corporate earnings season got off to a strong start.




Geopolitical Tensions Boost Gold Prices

gold is money 2430051 640Gold edges higher as softer dollar, Gulf tensions lend support -Reuters
"Gold prices rose on Friday and were headed for their first weekly gain in a month, supported by a softer dollar, tensions in the Middle East and caution about Sino-U.S. trade talks, while palladium climbed to a fresh record peak. Spot gold was up 0.3% at $1,503.36 per ounce, up about 1% this week. 'A weaker U.S. dollar is giving gold a little bit of an upward drift,' said Michael McCarthy, chief market strategist at CMC Markets...

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Democracy Doomed the Money System

money 2033591 640Democracy Doomed the Money System -Bonner/Bonner And Partners
"The plain people vote. But insiders - the elite, the cronies, the Deep State - make the important decisions. And these few can increase their own wealth and power only by taking it from the many they are meant to serve - the public. And when they are in the 'Inflate-or-Die' trap, rarely are they willing or able to risk easing off from inflation. First, because it threatens their power (the masses want free stuff too). Second, because it slows the transfer of wealth in their direction (it curbs the government spending on which they rely).

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Desperate Bankers Grab for More Power

348px Central Bank of Brazil348px Central Bank of Brazil courtesy Senado FederalDesperate Central Bankers Grab for More Power -Ellen Brown Blog
"Conceding that their grip on the economy is slipping, central bankers are proposing a radical economic reset that would shift yet more power from government to themselves. Central bankers are acknowledging that they are out of ammunition. Mark Carney, the soon-to-be-retiring head of the Bank of England, said in a speech at the annual meeting of central bankers in August in Jackson Hole, Wyoming, 'In the longer-term, we need to change the game.'

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