Amid a resurgent dollar, gold prices have tumbled in September (worst month since Nov 2016). However, as geopolitical tensions soar, with the standoff between the U.S. and North Korea probably topping the list, demand for precious metals surged with Gold ETF holdings rising most since Feb 2017.
Bullion has sunk 2.8 percent in September while holdings in gold-backed ETFs expanded 2.4 percent as of Thursday.
Based on what we already know about the proposed Trump tax reform, which can be summarized as follows:
Authored by James Howard Kunstler via Kunstler.com,
Poor old Karl Marx, tortured by boils and phantoms, was right about one thing: History repeats itself, first as tragedy, second as farce.
Thus, I give you the Roman Empire and now the United States of America. Rome surrendered to time and entropy. Our method is to drive a gigantic clown car into a ditch.
Is anyone out there interested in redemption?
With US crude production having rebounded back to near cycle highs in its lagged response to the oil rig count, this week's rebound in the oil rig count (+6 to 750) is notably the largest addition in almost 3 months.
As Bloomberg details, explorers renewed their search for U.S. crude as oil entered a bull market and overseas demand for American supplies flourished.
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The US Economy Is Failing
Paul Craig Roberts
Do the Wall Street Journal’s editorial page editors read their own newspaper?