G-7 Leaders Reject SPR Release Plan, But 'Stand Ready' After Initial Jawbone Efforts Fade

Turkey Dumped 58 Tons Of Gold After Iran War Started, Slamming Price There has been much speculation about the mystery seller(s) that sent gold sliding into a bear market from its January high: was it a sovereign seeking to plug holes in their budget from the recent surge in oil, a "market maker" trying to spark stop loss liquidations, or just retail investors taking profit after one of the best years in history for the precious metal? Today we learned the identity of at least one of the sellers: Turkey’s central...

Israeli airstrikes were targeting Lebanon’s main coastal highway south of the capital city of Beirut today, hitting at least seven vehicles and killing 12 people, along with wounding an unspecified number of others. The main strikes were reported earlier in the day between Beirut and the key port city of Sidon, but there were other, […]

Bigger Isn't Better: A Case For Downsizing The Federal Reserve Authored by via Paul Mueller via the American Institute for Economic Research (AIER), President Trump’s conflicts with Federal Reserve Chairman Jerome Powell and with Board of Governors member Lisa Cook have obscured real shortcomings at the Federal Reserve and brought little useful change. These conflicts tend to focus on whether the Fed’s target interest rate is too high or too low. Meanwhile, institutional problems at the Fed have been largely overlooked. But there is an opportunity here with Trump’s nominee for Fed chair, Kevin...