Extending its overnight safe-haven buying within Asia, gold has spiked above recent highs - to its highest since early June - following President Trump's latest tweet on America's nuclear arsenal...
At the same time every effort is being made - by crushing VIX - to save stocks from a more perilous drop.
US futures are set for a sharply lower open (at least in recent market terms) following a steep decline in European stocks and a selloff in Asian shares, following yesterday's sharp escalation in the war of words between the U.S. and North Korea. In a broad risk-off move U.S. Treasuries rose, the VIX surged above 12 overnight, while German bund futures climbed to the highest level in six weeks.
Authored by Pepe Escobar via InformationClearingHouse.info,
The Empire of Whiners simply can't get enough when it comes to huff, puff and pout as the Empire of Sanctions.
With an Orwellian 99% majority that would delight the Kim dynasty in North Korea, the "representative democracy" Capitol Hill has bulldozed its latest House/Senate sanctions package, aimed mostly at Russia, but also targeting Iran and North Korea.
Authored by Kevin Smith, Tavi Costa, and Nils Jensen via Crescat Capital,
Crescat Capital's Q2 letter to investors shouold be retitled "everything you wanted to know about the looming bursting of the world's biggest credit bubble... but were afraid to ask..." Don't say we didn't warn you...
A global punitive campaign on North Korea propelled by sharp new U.N. sanctions - amounting to a $1 billion ban on North Korea exports - received a welcome, and unexpected, boost on Sunday from China, the North's economic lifeline, when Beijing slammed its neighbor for its ongoing missile and nuclear tests.