Total non-financial debt has risen 245 percent of global GDP.The post-recession austerity is dead.Should gold bulls count on the outbreak of the next debt crisis?In the latest edition of the Market Overview, we have analyzed the risk related to the rising U.S. public debt and private leverage. This month, we will adopt a more global perspective. Until recently, thanks to the synchronized worldwide...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday named former Fox News executive Bill Shine to a key administration communications post, the White House said in a statement.Shine will serve as assistant to the president and deputy chief of staff for communications, a job that has been vacant since Hope Hicks, Trump's campaign confidante, left in February.Shine resigned in May 2017 as...Read More

TSLA is set for its worst week since MarchTesla Inc (NASDAQ:TSLA) stock continues to find its way into the news, whether it's colorful CEO Elon Musk going on Twitter rants, or rumors that the company pulled brake tests to meet its Model 3 production goals. In response to the flurry of headlines, options traders have taken a decidedly bearish tone towards the electric car name. Specifically, put...Read More

TiVo's CEO is stepping down after less than a yearThe Dow is higher today amid hopes of a tariff truce between the U.S. and Europe.Three stocks bucking the broad-market tailwinds, however, are media concern TiVo Corp (NASDAQ:TIVO), natural gas supplier Clean Energy Fuels Corp (NASDAQ:CLNE), and power technology issue American Superconductor Corporation (NASDAQ:AMSC). Below, we will take a closer l...Read More

   •  Persistent USD selling bias helps rebound from the vicinity of 100-hour SMA and the formation of a bullish flag chart pattern on the 1-hourly chart points to an extension of the recovery move.     •  Technical indicators on the said chart have started losing positive momentum and hence, it would be prudent to wait for a strong follow-through buyin...Read More

(Reuters) - The Federal Reserve bought $3.007 billion of agency mortgage-backed securities in the weekfrom Jun. 28 to Jul. 4, compared with $2.589 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal paymentson the agency debt and agency mortgage-...Read More

(Kitco News) - Gold and silver prices aremodestly to slightly higher in early-afternoon U.S. trading Thursday, on mildcorrective rebounds after both metals hit multi-month lows earlier this week.This afternoon’s release of the minutes from the latest meeting of the FederalOpen Market Committee (FOMC) did not have a significant impact on preciousmetals prices. August gold futures were last up...Read More

(Kitco News) - Gold and silver prices are modestly to slightly higher in early-afternoon U.S. trading Thursday, on mild corrective rebounds after both metals hit multi-month lows earlier this week. This afternoon’s release of the minutes from the latest meeting of the Federal Open Market Committee (FOMC) did not have a significant impact on precious metals prices. August gold futures were la...Read More

(Kitco News)- Gold prices continue to hold on to its gains even after the minutes from the June Federal Reserve monetary policy meeting showed overall optimism on the U.S. economy.According to the June minutes, participants saw the U.S. economy has "very strong" with inflation rising to 2% over the medium term. In this environment, the committee saw interest rates rising to slightly abov...Read More

(Kitco News) - Gold prices continue to hold on to its gains even after the minutes from the June Federal Reserve monetary policy meeting showed overall optimism on the U.S. economy.According to the June minutes, participants saw the U.S. economy has "very strong" with inflation rising to 2% over the medium term. In this environment, the committee saw interest rates rising to slightly abo...Read More

(Bloomberg) - Beijing Electric Vehicle Co., the Chinese electric-car maker preparing for a stock-market listing, is starting a battery-swap service to reduce customers' range anxiety and keep up with similar offerings from rivals.The company will sell a version of its EV300 compact car for 79,800 yuan ($12,000) that allows users to change battery as often as they want for a monthly fee of 432 yuan...Read More

Jason LangeWASHINGTON, July 5 (Reuters) - U.S. central bankers discussed whether recession lurked around the corner and expressed concerns global trade tensions could hit an economy that by most measures looked strong, minutes of the Federal Reserve’s last policy meeting on June 12-13 released on Thursday showed.The minutes, which described a meeting in with the Fed raised interest rates for...Read More

(Bloomberg) - Commodity bull Goldman Sachs Group Inc. has poured cold water on the notion that a trade war between the U.S. and China represents a serious threat to raw materials, saying most of them aren't likely to be significantly impacted, and after recent declines now's the time to buy.The Wall Street lender said the economic impact from sanctions between the U.S. and China, including measure...Read More

DETROIT/LONDON/SHANGHAI (Reuters) - Automakers are scrambling to ship vehicles to the United States to pre-empt possible higher tariffs, according to port data, port officials and logistics companies.Data from a number of U.S. ports showed a surge in vehicle exports and imports in May, as U.S. President Donald Trump ratcheted up pressure on China and Europe to drop tariffs on U.S. vehicles and mak...Read More

NEW YORK, July 5 (Reuters) - Interest rates on U.S. 30-year fixed-rate mortgages decreased to their lowest since mid-April in step with lower bond yields due to worries about the trade friction between United States and its major trade partners, data from Freddie Mac released on Thursday showed.Thirty-year mortgage rates averaged 4.52 percent in the week ended July 5, down from 4.55 percent the pr...Read More

(Bloomberg) - Glencore Plc will buy back as much as $1 billion of its shares, a move that may soothe investor concerns after the world's top commodity trader was hit by a U.S. Department of Justice probe earlier this week.The buyback program will start Thursday and last through year-end, the Swiss miner and trader said in a statement. Glencore shares rose as much as 4.7 percent, the most since Apr...Read More

Operations at Manaila mine in Romania also turned aroundRead full newsRead More

One of these stocks boasts a 100% Q3 win rateLooking back 10 years, only two S&P 500 stocks boast a 100% win rate in the third quarter, which kicked off this week. One is discount retailer Dollar General Corp (NYSE:DG). If past is prologue, DG stock could rocket to record highs in the short term. Meanwhile, shares of fellow retail issue Ross Stores, Inc. (NASDAQ:ROST) are flashing a historic "buy"...Read More

"As of today, Cal/OSHA has 3 investigations ongoing at Tesla" a spokesman for the state told reporters at Jalopnik.Read full newsRead More

WASHINGTON (Reuters) - The U.S. government is moving some immigrants parents to detention sites closer to the young children they were separated from while crossing the U.S.-Mexico border to meet a court-imposed deadline to reunify families, U.S. Secretary of Health and Human Services Alex Azar said on Thursday.U.S. Judge Dana Sabraw in San Diego last month ordered the government to stop separatin...Read More