Gold prices in emerging markets soaring as the precious metal is providing a better hedge against the dollar than cryptocurrencies are

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As emerging market economies start to implode thanks to the rising dollar, the price of gold in many of their respective currencies is soaring.  And as is historically true, gold still remains the primary hedge against a falling currency much more than cryptocurrencies do. In a currency crisis, everyone tries to get out of the… Read More

What Happens To Oil Next: The Well-Forgotten Answer?

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The last four days have seen WTI Crude prices plunge almost 10% from their cycle peak near $73 to a $65 handle overnight. This is the longest run of losses in almost four months as Saudi Arabia and Russia said they are discussing raising output to ease consumer anxiety after prices jumped to levels last seen in… Read More

One Billion Chickens May Die As Trucker Strike Paralyzes Brazil

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A billion Brazilian chickens and 20 million pigs may die within days – starving to death amid a nationwide truckers’ strike over soaring fuel prices which has prevented critical supplies such as animal feed from reaching their destinations.  [E]xport group ABPA said a billion chickens and 20 million swines may die in coming days due to a lack of… Read More

Tesla’s Latest Move Will Cause These Stocks to Soar

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By Justin Spittler, editor, Casey Daily Dispatch Tesla just put the rest of the auto industry on notice. Tesla, as I’m sure you know, is the largest electric vehicle (EV) maker in the U.S. It’s also one of America’s most loved—and hated—stocks. I say this because Tesla’s one of the most innovative companies on the… Read More

If You Missed Out on Last Year’s Huge Crypto Gains… Read This

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Justin’s note: Over the past few months, Doug Casey has been searching high and low for a bona fide crypto advisor worthy of Casey Research subscribers… and he just found him. His name is Marco Wutzer, one of the true pioneers of cryptocurrency… and Casey Research’s newest guru. Marco has been involved with digital currencies… Read More

Frontrunning: May 23

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Rare Bipartisan Deal Rolls Back Postcrisis Banking Regulation (WSJ) Fed Minutes to Detail Views on Inflation Overshoot, Yield Curve (BBG) Turkey Heads Toward a Currency Crisis as Lira Goes Into Freefall (BBG) U.S. warns citizens in China after ‘abnormal’ sound injures consulate worker (Reuters) The Hard Truth at Newspapers Across America: Hedge Funds Are in… Read More

The American Police State Continues Unabated

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The American Police State Continues Unabated https://www.rt.com/usa/425900-nsa-spying-phone-records/ The post The American Police State Continues Unabated appeared first on PaulCraigRoberts.org. Source: paulcraigroberts.org

Clapper Says "Good Thing" FBI Was Spying On Trump Campaign

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Following the president’s tweet Thursday morning: Wow, word seems to be coming out that the Obama FBI “SPIED ON THE TRUMP CAMPAIGN WITH AN EMBEDDED INFORMANT.” Andrew McCarthy says, “There’s probably no doubt that they had at least one confidential informant in the campaign.” If so, this is bigger than Watergate! — Donald J. Trump… Read More

Frontrunning: May 17

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Japan Considers Retaliation Against U.S. Steel Tariffs (WSJ) US sanctions war against Iran prompts fight-back from Europe (CNBC) North Korea says won’t hold talks with ‘incompetent’ South unless differences settled (Reuters) Trump Shows Flexibility on North Korea Talks (BBG) Bolton Emerges as Potential Wrecking Ball for Trump’s Kim Summit (BBG) Top Trump Adviser Peter Navarro… Read More

The Trump-volution Explained In 4 Macro Charts

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Authored by Dr. Constantin Gurdgiev via True Economics blog, The current growth cycle has been the second longest on record: Source: FactSet But it has been much shallower than the previous cycles: “real GDP growth in the current expansion lags the other three expansions – by a lot. As of the first quarter of 2018,… Read More

Here's Why Oil Prices Dropped After Trump's Iran Tweet Today

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The last few days have seen oil prices bid up 5% or so after flat-lining for a week or two, despite surprising builds in inventory data and ever-increasing production. As prices have risen, so speculators (most notably trend-following momo players such as CTAs have come to dominate the price action). The lack of downward price… Read More

Is The Taxpayer About To Rescue Elon Musk Again?

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It is no longer a secret that Elon Musk’s car-making company is a cash-burning monster that now admittedly needs to raise more cash. And while the bond market remains extremely skeptical of Musk’s visions, his threats of a “short burn of the century” this weekend… Oh and uh short burn of the century comin soon.… Read More