NEWS
Gold and silver market moving news, curated from the best of GoldSilver's team and around the web. Check back often for updates, or subscribe to get the highlights in your inbox.
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TOP NEWS
The Largest One-Day Stock IPO Gain Ever: A Cautionary Tale
Its stock was priced at $9 per share. On IPO day, the stock went ballistic, peaking at $97, up over 900%. And at the time, the stock market, overall, was saner, and cheaper by valuation, than it is today. Interestingly, the company still trades as a shadowy shell of its former self. As of the time of this article, shares were down 9% on the day. To eight cents per share
The Stock Market Has Never Been This Overvalued, Will Crash Over 50%
The most accurate stock market predictor there is now says the S&P 500 will return -2.5%, on average, for the next 12 years. Warren Buffett’s favorite valuation tool says the market has never been more overvalued than it is right now.
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Gold Traders' Report - June 15, 2018
The 10-year yield hovered around 2.92% - 2.925%, and the DX ticked down to 94.75-94.80. Gold came off its floor to reach $1280.50 and was $1280 bid at 4PM with a loss of $23.
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The Fed’s Short-Term Rate Policy Is Meaningless: The USD Is Doomed
We’re all well-served to remember that the Fed is a privately owned corporation that does not exist to serve the American people. It exists to enrich the private banks that own it.
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Areas Of The World More Vulnerable To Collapse
Certain areas of the world are more vulnerable to economic and societal collapse. While most analysts gauge the strength or weakness of an economy based on its outstanding debt or debt to GDP ratio
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Treasury 10Y-2Y Slope Flattens To 35.5 BPS
Eurodollar 3M Futures Spread Falls To Lowest Level Since 2000 (Europe’s Troubles In One Chart)
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China Strikes: Beijing Sets 25% Tariff on $50 Bln Worth Us Products
Responding to US President Donald Trump’s decision to impose tariffs on $50 billion worth of Chinese imports, Beijing has adopted a 25 percent tariff on 659 American products worth the same amount.
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Russia & China agree to joint gold mining project in Siberia
The Russian government has approved a cooperation agreement with China on developing the Klyuchevskoye gold ore deposit in the Trans-Baikal region.
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The 'Most Systemically Important Banks' In The World Are Tumbling
"If these banks are supposed to be systemically important then policymakers ought to be [worried]...The synchronised dips are a sign of global financial stress."
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Stocks Lower on U.S. Tariff Implementation
Today, Friday June 15 th is "Quad Witch" The quarterly event known as quadruple witching or Quad Witch occurs on the third Friday of the last month in each calendar quarter.
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“Is Anyone Actually Dumb Enough Not to Recognize These Are Bubbles?”
"Of course not. Those proclaiming that 'these bubbles are not bubbles' know full well they're bubbles, but their livelihoods depend on public denial of this reality."
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You Can’t Intimidate Math: Why US Trade Deficits Are Unavoidable
If you make it much more difficult for trade partners to obtain dollars in a system wherein they have no choice other than to obtain dollars, you highly incentivize two behaviors in them, both of which are seriously detrimental to the US.
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Argentina Got a $50 Billion Loan and Peso Is in Free Fall Anyway
Argentina is struggling to stop the peso’s plunge just a week after obtaining the biggest loan in the history of the International Monetary Fund.
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BoJ Keeps Monetary Policy on Hold; Offers Bleaker View on Inflation
In a widely expected move, the BOJ maintained its short-term interest rate target at minus 0.1 percent and a pledge to guide 10-year government bond yields around zero percent.
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Fed's Interest Rate Path Could Have US in Recession by End of Next Year
Fed Chairman Powell's suggested interest rate path could have us staring at a recession by late-2019.
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Interest Rates Rising At Fastest Clip In 20 Years!
With the Fed in interest rate “hike” mode, the market is on edge about the speed with which rates will rise. Rates have been rising at a pretty steady clip over the past couple of years…
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It's Official: The Trade War Begins With China
US Announces Target List On $50BN In Chinese Tariffs; Beijing Vows Immediate Retaliation
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Slowdown, Default Risks to Prompt China Reserve Cut
Having reduced the amount of reserves that lenders must hold just two months ago, China's central bank could soon do it again to support a slowing economy and contain risks posed by corporate debt defaults, policy sources said.
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US Said to near a Second Tariffs List on Chinese Goods Worth $100 Bn
“There’s no question, that to get to $100 billion you’re going to hit consumer products coming in from China,”
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Trump Approves Tariffs on $50 Billion of Chinese Goods
"Implementation of the tariffs, when it occurs, could take us closer to a trade war,"
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Gold Traders' Report - June 14, 2018
The dollar climbed higher (DX to 94.72), boosted by further weakness in the euro ($1.1601, 2-week low). Gold was $1303 bid at 4PM with a gain of $4.
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