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The Gold Price is Wrong
In May 1999, the Bank of England announced it would sell 415 tons of Britain’s gold reserves. Gold was $282 an ounce. Gordon Brown, then Chancellor, called it a “restructuring to more productive assets.” They sold at the absolute bottom. Today that gold would be worth $48 billion. They received $3.5 billion from the gold sales in 1999. The British press still calls it “Brown’s Bottom”, the worst trade in central banking history. Here’s why I’m telling you this: Today, central banks are doing the opposite. China, Poland, India, they’re buying record amounts at $3,600 an ounce. Either they’re making ... (full story)
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From @DeItaone|Sep 19, 2025|3 commentsMIRAN: I DONT SEE INFLATION FROM TARIFFS -- CNBC INTERVIEW FED'S MIRAN: ACKNOWLEDGES BEING LOW END OF DOT PLOT Fed's Miran: I will give full accounting of dissent in Monday speech. Fed's Miran: I hope to persuade others on the Fed to support aggressive rate cuts. “Trump Called to Congratulate Me on Tuesday Morning, but We Didn’t Discuss Voting, Policies, or DOTs. I Will Conduct My Own Analysis for Federal Policy.
From @zerohedge|Sep 19, 2025|2 comments*XI: CHINA-US RELATIONSHIP IMPORTANT *XI: US SHOULD AVOID TRADE RESTRICTVE MEASURES XI: US SHOULD PREVENT UNDERMINING OUTCOMES ACHIEVED IN TALKS CHINA'S XI: CHINA WILL NOT FORGET US SUPPORT IN WORLD WAR TWO - XINHUA
From @RedboxWire|Sep 19, 2025|4 commentsUS House Passes Temporary Funding Bill, Sends to Senate for Review
House passes GOP bill to avert a shutdown, but Senate looks likely to reject it The Republican-controlled House on Friday passed a stopgap bill to fund the government until just before Thanksgiving, daring Democrats in the Senate to reject the measure and risk a shutdown at the end of this month. The vote was 217-212, with one Democrat joining Republicans voting yes. Two Republicans, and all other Democrats, voted against the bill. The short-term funding bill, known as a continuing resolution or CR, now heads to the Senate, where Minority Leader Chuck Schumer, D-N.Y., and other Democrats have vowed to defeat it and have offered their own competing funding plan. Both measures are expected to be rejected when they come to the Senate floor later Friday. What happens next is uncertain. To overcome a filibuster, 60 votes are needed in the Senate, meaning any bill to avert a shutdown and buy appropriators more time to strike a longer-term funding deal must be bipartisan. The House bill extends federal funding at current levels without any other policy changes. It would keep the government open through Nov. 21. The Senate Democratic bill w
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From @realDonaldTrump|Sep 19, 2025|14 commentsI just completed a very productive call with President Xi of China. We made progress on many very important issues including Trade, Fentanyl, the need to bring the War between Russia and Ukraine to an end, and the approval of the TikTok Deal. I also agreed with President Xi that we would meet at the APEC Summit in South Korea, that I would go to China in the early part of next year, and that President Xi would, likewise, come to the United States at an appropriate time. The call was a very good one, we will be speaking again by phone, appreciate the TikTok approval, and both look forward to meeting at APEC! TRUMP: CALL WAS A VERY GOOD ONE Trump: I agreed with President Xi that we would meet at the APEC summit in South Korea. TRUMP: APPRECIATE TIKTOK APPROVAL -TRUTH SOCIAL Trump: I would go to China in the early part of next year, and President Xi would, likewise, come to the United States at an appropriate time.
From cnbc.com|Sep 19, 2025|3 commentsFederal Reserve Governor Stephen Miran told CNBC on Friday that he spoke only briefly to President Trump before this week’s interest rate decision and was not pressured on how to ...
From kitco.com|Sep 19, 2025As widely expected, the Federal Reserve announced a 25-basis point rate cut Wednesday, marking the central bank's first Fed Fund interest rate reduction since December 2024. Fed ...
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- Sep 19, 2025 10:09am Posted byFundamental Analysis322
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