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6.13.19 - CFOs Bracing For 2020 Recession

Gold last traded at $1,343 an ounce. Silver at $14.89 an ounce.

NEWS SUMMARY: Precious metal prices rose again Thursday on safe haven buying despite a firmer dollar. U.S. stocks rose, lifted by gains in Disney and energy shares, despite geopolitical tensions in the Mid-East.

 

 

 

Perfect Storm Pushing Up Gold Prices

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gold is money 2496347 640Perfect Storm Will Push Gold To $1,400 -Capital Economics/Kitco
"A weak U.S. dollar, falling bond yields and struggling equity markets are creating the perfect storm that will eventually drive gold prices to $1,400 an ounce, according to one research firm. In a report Wednesday, commodity analysts at Capital Economics reaffirmed their year-end target for gold as the market continues to benefit from shifting investor sentiment...

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Magical Monetary Theory "Snake Oil"

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Money TreeMagical Monetary Theory -Greenwood & Hanke/Wall Street Journal
"'Modern monetary theory' is the latest craze to circulate among the chattering classes. It is a fuzzy, post-Keynesian theory that has caught on in antiausterity circles. The MMT doctrine states that fiscal deficits don't matter as long as countries borrow in their own currencies and inflation stays in check.

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Russia, China Prepare To Dump Dollar

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policy 2990080 640Russia, China Prepare To Dump Dollar, Agree To Bilateral Trade In National Currencies -Zero Hedge
"Just one month after conducting joint military exercises, Russia and China are set to sign an agreement which would boost the use of their national currencies in bilateral and international trade in an attempt to move away from the current dollar-denominated financial system, according to Russian state-owned news outlet TASS....

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Socialism Debate Roils Dem Primary

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conversation 799448 640Socialism debate roils Democratic primary -The Hill
"A fierce debate over socialism has erupted among Democrats, with several centrist presidential candidates warning that progressive proposals on health care and the environment that have dominated the primary are a surefire way to get President Trump reelected. Three low-polling contenders - former Colorado Gov. John Hickenlooper, Sen. Michael Bennet (Colo.) and former Rep. John Delaney (Md.) - are unloading on socialism or taking shots at 'Medicare for All' and the Green New Deal,

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Should The Fed Fear A Gold Planet?

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bars business global intergold 335268Fear of a Gold Planet -Alt-M.org
"Proposed nominees Stephen Moore and Herman Cain having dropped out of contention, discussion continues over the Trump administration's possible next nomination to the Federal Reserve's Board of Governors. The views of the latest candidate under consideration by the administration, Judy Shelton, have revived a question that commentators raised earlier about Moore and Cain: Should favoring some kind of gold standard disqualify a nominee from occupying one of seven seats on the Board?

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