HarperCollins pulls Monica Crowley’s book
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Publisher HarperCollins is ending sales of Trump aide and former Fox News contributor Monica Crowley’s book. …read more
Source: HarperCollins pulls Monica Crowley’s book
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Publisher HarperCollins is ending sales of Trump aide and former Fox News contributor Monica Crowley’s book. …read more
Source: HarperCollins pulls Monica Crowley’s book
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Wells Fargo is rebooting its ATMs to allow customers to use smartphones to withdraw cash. …read more
Source: Coming to Wells Fargo: Card-free ATMs
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Some 11.5 million Americans have signed up for Obamacare coverage for 2017 even as Congress moves to repeal it. …read more
Source: Obamacare remains popular with 11.5M sign ups so far
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An inventory of his estate filed this week with a Minnesota Court is giving a glimpse into the star’s personal fortune. …read more
Source: Prince’s estate still being untangled
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By Tyler Durden
Since Donald Trump won the US election, small business optimism has exploded higher (from 94.9 in Oct to 105.8 in Dec). At the most optimistic since 2004, the last 2 months have seen the biggest spike in hope since 1980's Reagan era spike.
Notably, as @SentimentTrader notes, extreme small business optimism preceded: the '87 crash, '95 rally, '97 crash, '98 crash, '00 crash, and the '03-'06 rally.
With 50% expecting a better economy – the third highest number in history – we do however note that expectations for earnings remain negative.
Put differently, as far as sentiment goes, it doesn't get much better than this.
Source: Trumphoria Sends Small Business Optimism Soaring Most Since 1980
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By GoldCore
Gold Price In GBP Rises 4% On Brexit and UK Economy Risks
– Pound fell 2% against gold yesterday after Theresa May created Brexit concerns
– May’s ‘Hard Brexit’ denial does not calm markets growing fears
– Investors concerned about lack of government strategy and uncertainty
– UK Prime Minister bizarrely blames media and “those who print things” for sterling depreciation
– GBP gold builds on 31% gain in 2016 with 4% gain so far in 2017
Gold in GBP – 1 Year and Timeline (GoldCore)
1. June 24: Brexit: Gold surged 20% in sterling to £1,015/oz in two days after UK votes to leave EU
2. August 4: Bank of England expands QE – launches latest massive money printing experiment
3. October 6: “Flash crash” — pound collapses 5% against gold in just over a minute
4. January 9: Pound falls another 2% against gold as UK PM fails to reassure markets
Gold rose to its highest in over one a month today as fears that the UK will have a ‘Hard Brexit’ with the EU led to safe-haven buying.
The pound fell sharply yesterday and gold in sterling terms rose from £954/oz to £973/oz after weekend comments from British Prime Minister Theresa May sparked concerns that Britain would drastically change trade, immigration and other relations with the EU after Brexit.
Gold has consoidated on those gains today and is over 4% higher in sterling terms so far in 2017 – building on the 31% gains seen in 2016.
The gains being seen are not simply related to Brexit. There are also substantial risks facing the UK economy in terms of the London property bubble (which shows signs of bursting), the very large UK current account deficit and the massive UK national debt.
Spot gold in dollar terms rose another 0.5% today to $1,187.60 an ounce, its highest since Dec. 5 at $1,187.61
There is also strong physical gold buying in China ahead of the Lunar New Year later in January.
Gold looks set to test $1,200 in the short term. In the coming days, attention will turn to U.S. President-elect Donald Trump’s inauguration and the geo-political and economic uncertainty regarding the next four years of his Presidency. This will likely further boost safe haven demand.
KNOWLEDGE IS POWER
For your perusal, below are in order of downloads our most popular guides in 2016:
10 Important Points To Consider Before You Buy Gold
7 Real Risks To Your Gold Ownership
Essential Guide To Storing Gold In Switzerland
Essential Guide To Storing Gold In Singapore
Essential Guide to Tax Free Gold Sovereigns
Please share our research with family, friends and colleagues who you think would benefit from being informed by it.
Gold and Silver Bullion – News and Commentary
Gold near 5-wk highs on weaker dollar, Brexit concerns (Reuters.com)
Gold hits fresh 6-week highs, then retreats (FXStreet.com)
U.S. Stocks Retreat, Treasuries Advance With Gold (Bloomberg.com)
Gold prices edge up; PGMs firm (BullionDesk.com)
Prince left behind $25 million in real …read more
Source: Gold Price In GBP Up 4% On Brexit and UK Risks
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A new government report shows it cost $233,610 to raise a child in 2015. …read more
Source: It costs $14,000 a year to raise a child
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Jack Ma’s pledge to Donald Trump to create one million jobs in the U.S. is a vague and misleading promise. …read more
Source: Alibaba’s 1M American jobs promise isn’t realistic
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By Tyler Durden
Submitted by Soeren Kern via The Gatestone Institute,
The Muslim population of Britain surpassed 3.5 million in 2016 to become around 5.5% of the overall population of 64 million, according to figures extrapolated from a recent study on the growth of the Muslim population in Europe. In real terms, Britain has the third-largest Muslim population in the European Union, after France, then Germany.
The growth of Britain’s Muslim population can be attributed to immigration, high birth rates and conversions to Islam.
Islam and Islam-related issues, omnipresent in Britain during 2016, can be categorized into five broad themes: 1) Islamic extremism and the security implications of British jihadists in Syria and Iraq; 2) the continuing spread of Islamic Sharia law in Britain; 3) the sexual exploitation of British children by Muslim gangs; 4) Muslim integration into British society; and 5) the failures of British multiculturalism.
JANUARY 2016
January 3. A jihadist with a London accent appeared in an Islamic State propaganda video after the group executed five men accused of spying for the UK. The masked gunman warned Prime Minister David Cameron that the West could never defeat the Islamic State. The video also showed a young boy, aged around four and with a British accent, threatening to kill non-Muslims.
January 4. British officials traveled to Sudan to stanch the flow of UK-born medics joining the Islamic State. More than a dozen British doctors studying at Sudan’s University of Medical Sciences and Technology (UMST) have joined …read more
Source: The Islamization Of Britain In 2016: "More Backwards Than Some Parts Of Pakistan"
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Top gaming brand Razer says two prototypes of its Project Valerie laptop were snatched from its booth at CES in Las Vegas. …read more
Source: Tech firm offers reward after laptops are stolen at CES
