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  • Gold, silver rise

    The January gold contract on the New York Mercantile Exchange closed today at $1,291.80 an ounce — up $10.80. The current silver contract on the “NYMEX” closed at $15.71 an ounce — up 16 cents.

  • Bear Markets & Fed Mistakes

    Authored by John Mauldin via, Powell Was Right but the Fed Is Wrong Last week. I argued Jerome Powell did the right thing by raising rates a mere 25 basis points. He forcefully declared the Fed’s independence from the market and politicians for the first time since Volcker. Greenspan, Bernanke, and, in particular, Yellen all gave the markets a “put” option—basically a third unofficial mandate to make sure that asset prices keep rising. Now, of course, that’s not the way...

    Zero Hedge
  • Global Markets Rise, but Enthusiasm Wanes

    Stocks wobbled in the European morning as the positive reaction to central bank efforts waned before Wall Street open.