A risk-off mood dominated the overnight session amid growing concern over the turmoil engulfing the Trump administration, as fresh allegations add to deepening political scandals in Washington, the latest coming from Tuesday's NYT report citing former FBI director Comey’s memo which raises possibility of obstruction of justice, an impeachable offense. The dollar, already in retreat after a report that the U.S.
Authored by Peter Pry, chief of staff of the Congressional EMP Commission, op-ed via The Hill,
Since Sept. 11, 2001, analysts have been increasingly concerned terrorists might steal, buy, build, or be given a nuclear weapon — and the War on Terrorism would become a nuclear war. The Department of Homeland Security’s National Planning Scenario #1 is detonation of a 10-kiloton nuclear weapon, as powerful as the Hiroshima bomb, in a location such as New York City or Washington, D.C.
We first brought the world's attention to Noble Group in 2015, as commodity markets crashed and what was Asia's largest commodity trader faced near-bankrutpcy as trading partners lost faith, bonds were dumped, and CDS protection was bid. In the months since, panic subsided and everything - as it always seems to have been - was fine... until last week!!
Which brings us to the recent price action in Silver (as well as various other commodities). As The Macro Tourist's Kevin Muir asks (and answers) -
Was Noble The Big Silver Seller?
Authored by Soeren Kern via The Gatestone Institute,
Authored by Federico Pieraccini via The Strategic Culture Foundation,
With Moon Jae-In’s victory in South Korea, the period of tension on the Korean Peninsula is likely to end. With the rise to power of the new president, South Korea can expect a sharp decline in hostilities with North Korea as well as a resumption of dialogue with China.