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Gold Continues to Look Bullish Despite Some Troubles on Tuesday
Gold has gone back and forth during the trading session here on Tuesday as it looks like we are running out of momentum at the moment, but it's worth noting that we fell pretty significantly and then turned around. So maybe that was enough to get people interested in buying gold. I don't know. I do recognize that the $3,800 level underneath should continue to be support. And even if we break down below there, the $3,700 level is a floor followed by the $3,600 level with the 50 day EMA sitting right there as well. So,in other words, even if we do pull back and quite frankly, I hope we do, it's time to start buying ... (full story)
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*SUPREME COURT REFUSES TO LET TRUMP IMMEDIATELY OUST FED'S COOK baaaam The US Supreme Court is to hear arguments over Trump's bid to remove Federal Reserve Governor Cook. 
Supreme Court allows the Fed's Lisa Cook to stay in office for now as Trump pushes to fire her The Supreme Court on Wednesday deferred action on whether President Donald Trump can immediately fire Federal Reserve board member Lisa Cook, instead agreeing to hear oral arguments in the case early next year. The move means that Cook can remain in office while the consequential legal question is decided. The court will hear oral arguments in January, the brief order said, with a ruling likely before the end of June. Trump had asked the court to allow him to immediately fire Cook while litigation continued in lower courts. Under the Federal Reserve Act, presidents are restricted from removing governors unless it is “for cause,” meaning there is evidence of wrongdoing. Trump has said he fired Cook for cause, over allegations of mortgage fraud made by one of his political appointees, Federal Housing Finance Agency Director Bill Pulte. Cook has denied the allegations, and bank documents obtained by NBC News appear to contradict the fraud claim. Since taking office in January, Trump has pushed for lower interest rates and had criticized the Fed for failing to act on his wishes. While the president's aggressive use of executive power has often led to setbacks in lower courts, the Supreme Court has regularly granted the administration's emergency requests that allow his policies to move forward.
Supreme Court allows the Fed's Lisa Cook to stay in office for now as Trump pushes to fire her The Supreme Court on Wednesday deferred action on whether President Donald Trump can immediately fire Federal Reserve board member Lisa Cook, instead agreeing to hear oral arguments in the case early next year. The move means that Cook can remain in office while the consequential legal question is decided. The court will hear oral arguments in January, the brief order said, with a ruling likely before the end of June. Trump had asked the court to allow him to immediately fire Cook while litigation continued in lower courts. Under the Federal Reserve Act, presidents are restricted from removing governors unless it is “for cause,” meaning there is evidence of wrongdoing. Trump has said he fired Cook for cause, over allegations of mortgage fraud made by one of his political appointees, Federal Housing Finance Agency Director Bill Pulte. Cook has denied the allegations, and bank documents obtained by NBC News appear to contradict the fraud claim. Since taking office in January, Trump has pushed for lower interest rates and had criticized the Fed for failing to act on his wishes. While the president's aggressive use of executive power has often led to setbacks in lower courts, the Supreme Court has regularly granted the administration's emergency requests that allow his policies to move forward.
