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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.

 

 

 

U.S. Economy on 'Recession Watch'

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businessman 3042272 640U.S. economy is on 'recession watch' as bond market flashes warning -Morgan Stanley/CNBC
"The stock market and economic outlook in the United States are 'deteriorating,' according to an analysis from one of Wall Street's top investment banks. Renewed trade tensions and a slump in economic data - ranging from falling durable goods and capital spending to a downshift in the services sector -

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Dollar May be Knocked Off Pedestal

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JackThe dollar may be knocked off its pedestal -Mahtani/GATA.org
"Will the U.S. dollar soon lose its status as the world's pre-eminent currency?...Developments in foreign-exchange markets during the past 18 months point toward dedollarization. Consider that Chinese 'petroyuan' crude-oil futures now sit right behind Brent and West Texas Intermediate in trade volume. The world's central banks bought more gold last year than at any time since President Nixon took the U.S. off the gold standard in 1971. Markets recently learned that China added gold to its reserves for the fifth month in a row.

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Memorial Day: Things You Didn't Know

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SomeGAVEAll18 Things You Didn't Know About Memorial Day (But Should) -24/7 Wall Street
"This Monday, May 27, is Memorial Day, so named because it is the day we remember those who died in war defending the United States...As the nation prepares to observe Memorial Day, 24/7 Tempo has compiled a list of things you didn't know about the holiday (but should), using resources such as the U.S. Department of Veteran Affairs....

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