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6.20.19 - Gold Prices Rocket to 5-Year High

Gold last traded at $1,396 an ounce. Silver at $15.49 an ounce.

NEWS SUMMARY: Precious metal prices rose sharply Thursday on safe-haven buying and dollar weakness. U.S. stocks rose after the Federal Reserve hinted at possible interest rate cuts as soon as next month.

 

 

 

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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US Economy & Stocks Disconnected

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GlobalStocks2019The Disconnect Between The Economy & Stocks Is At Record Highs -Zero Hedge
"The bear case for U.S. stocks is getting more compelling by the day, according to Bloomberg macro strategist Mark Cudmore. Via Bloomberg, 'There's been a remarkable deterioration in the macro environment since my column last week, yet U.S. equities have gained in value. This divergence is unsustainable but it's a reminder that bear markets take many months to play out....

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Gold Prices Rush to 3-Month High

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gold 2048295 640Gold At 3-Month High Amid Rate-Cut Expectations -Investing
"Gold prices continued to surge in early trading on Wednesday, entering a sixth consecutive day of gains. Rising expectations that the U.S. Federal Reserve will cut interest rates and ongoing global trade tensions helped to push the yellow metal to its highest levels since February 21st. Federal Reserve chairman, Jerome Powell signaled on Tuesday that the central bank is ready to cut interest rates if necessary. Stocks soared on the heels of the remarks with the Dow gaining over 500 points as the market saw an increase in the likelihood of a cut in rates....

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Will GOP Embrace Multiculturalism?

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accomplishment achievement adult Bangkok businessmen businesswomen celebrating celebration 1555417G.O.P. Stumbling blind into the age of diversity -Brooks/New York Times
"For much of the 20th century, young and old people voted pretty similarly. The defining gaps in our recent politics have been the gender gap (women preferring Democrats) and the education gap. But now the generation gap is back, with a vengeance. This is most immediately evident in the way Democrats are sorting themselves in their early primary preferences.

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