11.19.19 - China Diversifies Away From US Dollar

Gold last traded at $1,474 an ounce. Silver at $17.11 an ounce.

NEWS SUMMARY: Precious metal prices rose Tuesday on bargain-hunting and a weaker dollar. U.S. stocks traded lower as losses in Home Depot outweighed a rise in Boeing shares.

Socialism Sounds Sexy to The Young

SocialistWhen Did Everyone Become A Socialist? -New York Magazine
"Polls said a majority of New Yorkers, including Queens residents, favored Amazon’s arrival. As did the mayor, the governor, and the editorial pages of the New York Times and the Daily News....Alexandria Ocasio-Cortez was offended not only by the tax break that greased the Amazon deal but by the company’s corporate makeup: monopolistic, anti-union, run by literally the richest man in the world. Amazon was the face of modern American capitalism, and that was disqualifying enough...

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Expect US-China Relations to Worsen

640px President Donald J. Trump visits China 2017 38427499221Don't Believe The Hype - Expect A Worsening of US-China Relations -Zero Hedge
"If you receive your news via Donald Trump tweet, or courtesy of proclamations by Larry Kudlow, you’d be forgiven for eagerly anticipating a groundbreaking U.S.-China trade deal to be announced imminently, and thinking such a deal will save the global economy from rolling over into a serious downturn as well as pacify geopolitical tensions between the number one and number two economies in the world. However, if you expect these things, I don’t think you’re paying attention.

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