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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'.

 

 

 

Cashless: Classist, Bad for Business

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counting 3125587 640Cashless Isn't Just Classist - It's Bad for Business -Fortune
"There’s a growing debate across the U.S., and internationally, about whether businesses should be required to accept cash in face-to-face transactions. San Francisco and Philadelphia have banned cashless-only retailing, arguing that such businesses discriminate against low-income people who might not have bank accounts.

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US Growth: Recess or Second Wind?

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usd 2874026 640The economic expansion is poised to be the longest ever. Will it die or get a second wind? -USA Today
"The decade-long economic expansion, poised to become the longest in U.S. history next month, is facing an existential question: Will it sputter to a halt by next year or keep on chugging at the same modest pace that got it this far?

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Gold Fever is Spreading

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800px Gold bullion 2Gold Fever is Spreading -Innes/FX Empire/Yahoo Finance
"Gold prices climbed to the highest levels in more than a year. But adding to Golds allure is that prices traded well despite rebounding equities and a firmer USD. And while the prospect of lower U.S. rates and dovish Fed expectations remain supportive, Gold appeal goes well beyond that and is moving higher on own its accord as a safe and inexpensive hedge against the abundance of tail risks rapidly wagging.

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Facebook Unveils 'Libra'

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mailFacebook unveils 'its most invasive and dangerous form of surveillance yet' with launch of Libra cryptocurrency -The Sun
"FACEBOOK is launching cryptocurrency next year that will allow people to move money from their smartphone into a digital 'wallet'. Experts have branded the move a dangerous power grab that marks Facebook's 'most invasive' form of surveillance yet.

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Facebook Value Goes Crypto

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facebook box 1334045 640Facebook value goes crypto -Ponte/WND
"Facebook, the social network, announced on Jan. 30, 2018, that it would ban all ads for Bitcoin and other cryptocurrencies in order to stop promotions that it sees as 'frequently associated with misleading or deceptive promotional practices.'...Eighteen months later, on June 18, Facebook planned to issue a White Paper unveiling details of its own cryptocurrency, to be known as Libra....

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