Economics and Investing:

How Will Gold Prices React To Strong Consumer Confidence?

HJL’s Comment: Despite the narrative of a strengthening economy, consumers do not have a high confidence. Traditionally, gold doesn’t do so well in a strong economy, but it is currently holding its own, indicating that the economy may not be what you are being told.

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Mike Tyson vs. The Grilled Cheese Truck – Excerpt: “We have little experience gambling, but we’re pretty sure that you can’t prosper by betting on every number at the roulette table.”

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Huge 300,000 Bpd Fracklog Could Derail Oil Price Recovery. The surge in drilled but uncompleted wells is posing a clear threat to the fragile oil price revival of the last few days.

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Largest gold deposit in history discovered in China – RBS

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