Gold Silver Reports (GSR) – The precious metal has rallied 11% this year, with much of the move occurring in the last several months, as concerns around slowing global growth and U.S.-China trade tensions took hold among investors. It continued to tick up on Wednesday after President Donald Trump said he intended to nominate two dovish candidates to the Federal Reserve’s board of governors.
Canada
‘No-deal’ Would Prevail if UK’s Brexit plan Unclear by Next Week: France
Gold Silver Reports (GSR) – Britain would only be granted an extension to the Article 50 Brexit negotiation period if its parliament passed the deal on the table or if a clear alternative plan emerged by next week’s EU summit, a French official said on Friday.
Rusal Sanctions Lifted, But U.S. Aluminum Users Still Face Import Levy
Gold Silver Reports (GSR) – Rusal Sanctions Lifted, But U.S. Aluminum Users Still Face Import Levy — The U.S. Treasury on Sunday lifted sanctions on the core empire of Russian tycoon Oleg Deripaska, including aluminum giant Rusal and its parent En+, despite a Democrat-led push to maintain them.
Made in China 2025
Neal Bhai Reports (NBR) – Made in China 2025 — Beijing’s “Made in China 2025” plan aims to transform China into an advanced manufacturing leader by targeting 10 emerging sectors including robotics, clean-energy vehicles and biotechnology.
Crude Oil Jumps – Russia, Saudis Agree to Extend Alliance, But without specifics
Oil surged the most in more than five months as Saudi Arabia and Russia extended a cooperation pact and U.S.-China trade tensions cooled. Unprecedented supply cuts in Canada also drove prices higher.
Gold Slides Alongside Equities as Dollar Climbs – Gold Silver Reports
Gold fell alongside equity markets on Monday partly in response to gains in the dollar which is benefiting from a run of strong U.S. economic data reinforcing expectations of further interest rate rises.
Euro Slides After Italian Lawmaker Talks Up National Currency – Neal Bhai Reports
The euro fell to a six-week low on Tuesday after a senior lawmaker in one of Italy’s ruling parties said most of the country’s problems would be resolved if it readopted a national currency, triggering a broad market sell-off.
Trump says Steel and Aluminum Tariffs will Remain – Gold Silver Reports
Trump: “If we can’t make deal with the EU, tariffs will be imposed on cars.”
Trump says will keep steel, aluminum tariffs on mexico, canada unless they can do something like quotas
Gold Up But on Path for Longest Monthly Losing Streak in Two Decades – GSR
Gold inched higher but was on track for its longest monthly losing streak since January 1997 as the U.S. dollar firmed against the euro after Italy’s budget jitters threatened the European currency.
Canada Wins in Trump’s Nafta “DEAL” with Mexico
Donald Trump announced from the Oval Office that he’d reached a “very special” deal for American manufacturers and farmers, in a bilateral trade arrangement with Mexico he envisions as replacement for the North Atlantic Free Trade Agreement that has included Canada.