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.
Subscribe
US Stock Futures Fall on Report China Wants More Talks Before Trade Deal
U.S. stock index futures turned lower after China said it needed to have further discussions before it would sign off on the so-called phase one trade deal President Trump touted on Friday.
READ MORE
China, Facing Slowdown, Still Unlikely to Push for More Stimulus: WSJ
China’s economy keeps flashing warning signs that it is losing steam—but, unlike past episodes, Beijing isn’t likely to stoke the fires to boost growth.
READ MORE
Is Fed’s Bill-Buying Spree QE? Does It Matter?: El-Erian
After Federal Reserve Chair Jerome Powell stressed last week that the bank’s plan to buy Treasury bills was in no way quantitative easing, and several of his colleagues followed his lead, economists and market participants began to debate what QE truly means.
READ MORE
Trump’s China Handshake Fails to Lift Economic Gloom
The pledges China and the U.S. made to keep prospects alive for a comprehensive trade deal did little to alter the deteriorating growth outlooks for both countries because they were sealed...
READ MORE
What the Heck is Happening in the Cayman Islands?
The BIS notes. Yet again, those offshore financial centers feature: almost 20% of banks’ cross-border dollar funding is now supplied by entities based in the Cayman Islands...
READ MORE
Russia Exploring Ways to Replace Dollar with Euro, Roubles in Transactions
Russian Economy Minister Maxim Oreshkin said the country is considering alternatives to the US dollar for energy transactions and is exploring currency settlements in euros and roubles for energy exports to minimize US exposure.
READ MORE
ECB's Holzmann Calls Current Monetary Policy 'Wrong'
New Austrian National Bank Governor Robert Holzmann sharply criticized the European Central Bank’s ultra-easy monetary policy in an interview on Sunday and said he hoped for a new course under incoming chief Christine Lagarde.
READ MORE
QE on the QT? Fed Says No, Economists Say Maybe So
The U.S. Federal Reserve’s quick pivot from shrinking its balance sheet by around $50 billion per month to now expanding by $60 billion monthly, has shown both the difficulty the Fed has faced under a shifting political environment...
READ MORE
QE, or Not QE? Impact of Fed Bond Buying Will Depend on Treasury
The Federal Reserve insists its planned hoovering-up of Treasury securities is a “technical” measure that isn’t quantitative easing and won’t meaningfully impact the economy. But that may depend on how the Treasury Department responds to the central bank’s plan.
READ MORE
Control: NorthmanTrader
Let’s keep it simple shall we: 2019 remains a battle for control. The forces of intervention want to “extend the business cycle” as Jerome Powell likes to frame it by any means necessary and, as I outlined yesterday (Beginning of the End), they are throwing the kitchen sink at it.
READ MORE
Gold Traders’ Report - October11, 2019
Gold Softens Further on Optimism in Both Us-China Trade and Brexit...
READ MORE
China's Hidden Capital Flight Surges to Record High in 2019
China's hidden capital flight surged to a record high in the first half of this year, suggesting that residents wanting to move money abroad are using unrecorded transactions to evade tight capital controls.
READ MORE
Digital Assets Subject to Money Laundering, Disclosure Laws
Three U.S. financial regulators on Friday issued a warning to firms with registered digital assets that they have an obligation to follow securities laws prohibiting money laundering and requiring disclosure of suspicious activity.
READ MORE
The Fed's $4 Trillion Experiment Is Growing
You don't want to have funding shocks add to the worsening outlook. We don't need this problem on top of our other problems."
READ MORE
Wall Street Rush to Safety Is Biggest Since Lehman Brothers Collapse
Over the past six months, money market funds attracted $322 billion of inflows, the largest flight to safe assets since the second half of 2008.
READ MORE
U.S., China Reached Partial Deal, Could Set Up Trade Truce: Bloomberg
The U.S. and China reached a partial agreement Friday that would broker a truce in the trade war and lay the groundwork for a broader deal that Presidents Donald Trump and Xi Jinping could sign later this year...
READ MORE
Powell Lied: Quantitative Easing Is Back: Lacalle
The Fed, through its president Jerome Powell, has indicated that it is preparing to increase its balance “organically”. The effort to separate this latest monetary policy change of course from a full-blown new QE (quantitative easing) is, at the very least, amusing. If we look at what is being discussed, it has nothing to do with organic expansion and looks a lot like a new repurchase program.
READ MORE
The Hidden Costs of a Universal Basic Income: Mises
The universal basic income (UBI) is gaining popularity as the alternative to the current welfare system. The idea is to give each citizen the same amount of money, no matter if he or she works or not.
READ MORE
Profits Expected to Fall as Earnings Season Kicks off in the Week Ahead
When the third-quarter earnings season kicks off in the coming week, it is likely to expose the trade war's impact on corporate bottom lines.
READ MORE