Gold continues to shine in the post-Saudi-coup world....
And the precious metal just broke above its 50-day moving average, after bouncing off its 200-day on Tuesday.
This is gold's best day in 3 months...
Gold is gaining as the dollar index slumps to near 1-month lows...
Of course, it's USDJPY that really matters (and it just broke below 112.00)
To much fanfare, mostly out of president Trump, on Thursday the House passed their version of the tax bill 227-205 along party lines, with 13 Republicans opposing. The passage of the House bill was met with muted market reaction. The Senate version of the tax reform is currently going through the Senate Finance Committee for additional amendments and should be ready for a full floor debate in a few weeks.
Authored by Patrick Buchanan via Buchanan.org,
After the 19th national congress of the Chinese Communist Party in October, one may discern Premier Xi Jinping’s vision of the emerging New World Order.
By 2049, the centennial of the triumph of Communist Revolution, China shall have become the first power on earth.
Her occupation and humiliation by the West and Japan in the 19th and 20th centuries will have become hated but ancient history.
While it's not surprising that 2007 - the year when spirits were high, housing prices had just hit a record and the financial bubble was about to burst but not yet- was a "swinging one" on the Hill, with a whopping 25 sexual harassment settlements, the most in the past 20 years, we wonder what happened in 2002 when only 10 settlements led to a near record $4 million in awards. This question was prompted by the first ever release of Congressional harassment records, unveiled yesterday for the first time by the Congressional Office of Compliance.
Authored by Patrick Armstrong via The Strategic Culture Foundation,
The Chinese have a genius for pithy expressions and few are more packed with meaning, while immediately understandable, than "paper tiger". NATO is one, but paper tigers that overestimate their powers can be dangerous.