Everything You Need to Know About the Midterms
Gold last traded at $1,202 an ounce. Silver at $14.18 an ounce.
NEWS SUMMARY: Precious metal prices traded steady Tuesday on a flat U.S. dollar. U.S. stocks rose as the latest tariffs on U.S. and Chinese goods are not as bad as previously feared.
Everything you need to know about the Midterms -The Guardian
"The votes on 6 November will give US voters their first chance to pass judgment on Donald Trump since he took the White House. The key question in these elections is: will Republicans will be able to keep control of both chambers of Congress? Just 35 of the 100 seats in the Senate, and all of the 435 seats in the lower House of Representatives are up for grabs. To take control of the legislative agenda and block Trump's ability to implement his programs, the Democratic party needs to control both houses. With a Senate majority, the Democrats would be able to block cabinet and supreme court appointments...The Grand Old Party (GOP) does have a big advantage over the Democrats in this showdown, because the Democratic party is defending 26 seats (including two independents, who usually vote with them) while the Republicans only have to defend nine....American voters are usually reluctant to eject a sitting representative. So for Democrats, some of their best hopes are in seats where the incumbent is not standing again. The good news for Dems is that a record 39 Republicans - many of whom were anti-Trump - have chosen to bow out instead of contest their seats in November, and some of those are in key swing states such as Florida and Pennsylvania."
How The Mid-Term Elections Will Affect Your Bottom Line -Swiss America Special Report
"America at this moment seems to be flying higher and faster than any major nation in history, piloted by businessman-negotiator President Donald Trump. Unemployment is at record lows, with more jobs than job-seekers for the first time in decades. Economic growth is soaring above 4 percent. Industries that globalist politicians said would never return are returning. Most passengers are full of optimistic 'animal spirits' as we appear headed to a brighter tomorrow. But, what happens in the mid-term elections, just fifty days away, could quickly thrust the economy into reverse, potentially sending the financial markets into a tailspin. The emergence of a socialist Democratic Party could have huge consequences that will affect every American investor and saver. How will the mid-term elections affect YOUR investment portfolio? Find out in our brand new Swiss America Special Report. Get it today by calling 800-289-2646 or registering HERE.
Gold Prices Reclaim $1,200 Ahead of New U.S. Tariffs on China -Investing
"Gold prices edged higher on Monday, reclaiming the key $1,200-level amid renewed fears over an escalating trade war between the world's two largest economies. Market focus will largely be attuned to the next potential steps in the tit-for-tat trade dispute between the U.S. and China. U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, according to a senior administration official. The tariff level will probably be about 10%, the Wall Street Journal reported, far below the 25% the administration said it was considering for this possible round of tariffs. The WSJ later reported that China may decline to participate in proposed trade talks with the U.S. later this month if the Trump administration moves forward with additional tariffs on imported Chinese goods, as Beijing won't negotiate under threat. Officials are also considering potential retaliation steps, the report said."
A cyberattack could trigger the next financial crisis, new report says -CNBC
"When it comes to a financial crisis, everyone seems to agree that the next one will not come in the same form as the one that hit 10 years ago this week, which was tied to a housing bubble and shoddy mortgage lending practices....On Wednesday, the Depository Trust & Clearing Corp., which provides clearing and settlement for the financial markets in the U.S., released a report, entitled 'The Next Crisis will be Different: Opportunities to Continue Enhancing Financial Stability 10 Years After Lehman's Insolvency.' Cyberthreats have consistently been ranked as the number one concern by respondents to Depository Trust's Systemic Risk Barometer since the survey began in 2013....The good news is no incident, not even last year's much-publicized hack of credit reporting giant Equifax, has yet had systemic effects. The bad news is we have already had incidents that have disrupted corporate activities. The oversight council report notes that an outage at Amazon's cloud computing service disrupted thousands of websites for four hours."
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An Inflation Nightmare in Socialist Venezuela
By Craig R. Smith
- According to the International Monetary Fund, Venezuela's inflation will skyrocket to one million percent by the end of the year as the government continues to print money. Venezuela President Nicolas Maduro's proposed solution? Strike five zeros off the bolivar bank notes. Imagine watching your life savings of 1,000,000 bolivar notes instantly shrink to just 10 bolivars!