 
    December Interest Rate Increase Still Up in Air
Odds of the rate going up in December are said to be about 65 percent on the futures market, but only 8 percent when the Fed meets in November, just before the US election.
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    Odds of the rate going up in December are said to be about 65 percent on the futures market, but only 8 percent when the Fed meets in November, just before the US election.
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    In Major Victory For Gold And Silver Traders, Manipulation Lawsuit Against Gold-Fixing Banks Ordered To Proceed
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    In the first 30 minutes of Comex floor trading, 3.2 million ounces of paper gold “bombs” were dropped on the Comex.
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    The €42 trillion (notional) derivatives mess known as Deutsche Bank remains under severe pressure. Its market cap is $17 billion. It has no earnings and pays no dividend. On April 23, Deutsche Bank was Fined $2.5 Billion over LIBOR rate rigging. Twenty-one people face criminal...
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    While the most recent set of troubles plaguing Deutsche Bank have been duly documented here, most recently yesterday when the stock price tumbled once again just shy of all time lows over fears the bank's multi-billion DOJ settlement could severely impact its liquidity and/or solvency, this may b...
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    The U.S. Federal Reserve Policy Committee tried, but once again failed to act on its December 2015 forecast of four interest rate increases this year.
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    You probably already know it’s a bad idea to put all of your asset eggs in one investment basket. The same goes for holding all of your assets in one country. But how much thought have you put into political diversification?
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    The national debt is now more than all of the world’s physical cash, gold, silver, and bitcoin combined. That is right. The U.S. national debt is that big.
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    A client of the Xetra-Gold Exchange-Traded Commodity was told the fund's designated sponsor, Deutsche Bank, would be unable to deliver the requested gold.
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    The United States Bureau of Labor Statistics released its nonfarm payrolls data heading into the Labor Day weekend, and less than three weeks before the Federal Reserve meets to consider an interest rate hike.
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    Investors bought record amounts of gold in the first half as concerns over Britain’s vote on European Union membership and U.S. presidential elections drove demand for a haven.
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    The Bank of England today cut its official interest rate for the first time in 7 years, from 0.5 percent to 0.25 percent.
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    Investor worries remain about the profitability of the European bank sector after the release of the 3rd “stress test” of lenders from across the EU.
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    The two-day meeting of the U.S. Federal Reserve Policy Committee left the nation’s benchmark interest rate as-is but without the unanimity displayed in June.
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    The theoretical arguments for central bank gold price management are based on the connection of gold with fiat currency. Gold reserves are designed to build confidence in fiat currency. This confidence would be jeopardized if the price of gold increased by too much, which is the theoretical basis...
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    The important silver threshold line was broken briefly last week and continues to bump up against it in early trading today. If the silver price closes above this threshold line by a significant margin, it could mean big trouble for the bullion banks who hold record silver short contracts.
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    Since its peak at $51.33 in April 2011, silver has languished in the doldrums, dropping to $13.76 just before last Christmas. Friday’s close of $19.77 going into the 2016 Fourth of July long weekend is its highest level since September 2014
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    According to an EU official, the liquidity support program includes up to €150 billion ($166 billion) in government guarantees.
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    Little more than a year after publicly stating that he did not condone a return to the gold standard, Greenspan does now. “If we went back on the gold standard … as it existed prior to 1913, we’d be fine."
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    With this political and economic uncertainty holding sway for the undefinable future, investors will undoubtedly be seeking safe havens for their wealth.
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