Adrian Ash's picture

Gold prices traded in London's wholesale market steadied against the rising US Dollar Friday, heading for a solid weekly gain versus all major currencies as the Chinese Yuan hit fresh 6-year lows on the FX market.

Michael Shedlock's picture

The Tax Foundation has an interesting analysis of Trump’s tax plan compared to Hillary’s. Hillary is negative on GDP, capital investment, wage growth, and jobs. Trump is positive on all four under two different models.

Andrew Zatlin's picture

The global economy has been collapsing for the last 2 years. Demand for “stuff” has shrunk 10% since 2014, down to levels not seen since the recession. Just look at cargo shipments from two of the world’s largest ports.

Charles Hugh Smith's picture

What happens when an electricity-dependent society and economy has an extended loss of electrical grid and communications? One of the hidden realities of modern life is its fragility. For example, few people are aware of the precariousness...

Kurt Kallaus's picture

When US stocks broke to new record highs in July we began to see excessive optimism creeping into the indices. In August and September, we warned that a top was forming and lower prices into October were likely.

Chris Puplava's picture

While the current presidential election is getting all of the attention, my bet is the US economy will likely return to front page news next month given the deterioration underway. If these trends continue, consumer spending this holiday season (or lack of) could mark...

Matthew Kerkhoff's picture

Looking at Fed Fund futures prices, it’s evident that the market is pricing in a rate hike for December. You can see this in the chart below, which shows nearly 70% of market participants expecting the Fed Funds rate to be 25 – 50 basis points higher following that meeting.

Patrick Schotanus's picture

The myth of the killer (or evil) clown has a long history, dating back to at least the nineteenth century. Apart from Stephen King’s Pennywise, modern culture has produced a number of exemplary specimens, including the Joker in the Batman movies. It is their “double-faced” trickery...

Michael Shedlock's picture

The Dallas police and firefighters pension fund has just 45% of the money it needs to cover benefits. The fund rates to be out of money in 15 years at the current rate of withdrawals. For those eligible, the sane thing to do is retire...

Adrian Ash's picture

Gold markets need gold, and that can only ever come out of a mine in the first place or come from a refinery when recycled, writes Adrian Ash of BullionVault, currently in Singapore attending the London Bullion Market...