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Text by: NEWS WIRES 12/18/2018 France proposes €300 bonus to police on duty for Yellow Vest protests Seeking to soothe police forces demanding improved working conditions, the French government on Tuesday proposed giving 300-euro ($340) bonuses to officers deployed to the aggressive and disruptive protests that started last month. French President [...] Read more

Michael Pento: Finally, Corporate Stock Buybacks Blow Up

BY JOHN RUBINO 12/18/2018 The last few years of the Everything Bubble were driven by the ultimate dumb money:corporations borrowing to buy back their stock at record high prices. A whole generation of CEOs and CFOs were able to pad both their reputations and their year-end bonuses this way while, it seemed, blatantly screwing over their employees [...] Read more

Corporate Buybacks Surpass $200 Billion In Q3, Hit All Time High

By Tyler Durden 12/18/2018 Over the summer while traders were left in slackjawed wonder by stocks' resilience to every market negative as US benchmarks broke through a series of new all-time highs despite the burgeoning trade war with China and outflows from nearly every ownership category. At the time, analysts attributed this behavior to the [...] Read more

Nigeria's first gold refinery plans to triple capacity in five years

Nigeria's first gold refinery plans to triple capacity in five years

Abeokuta, Ogun State in Nigeria - Image courtesy of Wikimedia Commons 12/18/2018 By Alexis Akwagyiram; Editing by Dale Hudson LAGOS – Nigeria's first gold refinery is expected to more than triple its capacity within five years after operations begin next June, an executive at the company developing it said on Tuesday. Nere Teriba, vice chairman of [...] Read more

Revisiting the gold-backed Yuan fantasy

By Steven Saville 11/27/ 2018 In an article titled “China’s monetary policy must change [1]” Alasdair Macleod discusses a path that China’s government could take to make the Yuan gold-backed and thus bring about greater economic stability in China. Keith Weiner pointed out some flaws [2] in the Macleod article, including the fact that the sort of [...] Read more

As global equities take a hit, gold miners are doing fine

As global equities take a hit, gold miners are doing fine

By Ranjeetha Pakiam Bloomberg News 12/18/2018 Global equity markets are getting beaten up, but gold miners have been spared as haven demand swells and bullion’s outlook brightens. Newcrest Mining Ltd., Australia’s top producer, rallied as much as 2.3 percent on Tuesday, while South Africa’s Harmony Gold Mining Co. Ltd. was the biggest mover, [...] Read more

Technically Speaking: Has “BTFD” Become “STFR”

By Lance Roberts 12/18/2018 Kevin Wilson recently penned a piece for Seeking Alpha that made a great point about where the markets are currently. To wit: “Famous market observer Art Cashin mentioned a metaphor in October 2017 that resonated with me. He said (words to the effect that) at that moment, market players had only the protection provided [...] Read more

Good News From Russia

Good News From Russia

By Evgenii Odinokov - RIA News. 12/18/2018 The State Duma adopted a law on liability for the involvement of minors in unauthorized actions. The initiative was submitted to the lower house in May, the authors were members of the "United Russia". They proposed amendments to the Code of Administrative Offenses. For the involvement of children in [...] Read more

Stocks Slammed As Liquidations Accelerate; Bitcoin, Bonds, & Bullion Bid

By Tyler Durden 12/17/2018 "It's an ol' fashioned buyers' strike" according to CNBC's Bob Pisani. But it's the worst start to December since at least 1950, Bob?! Most worryingly for the asset-gatherers and commission-takers, there is no capitulation... it's death by a million fleshwounds... Death by a million hedge fund liquidations... * * * China [...] Read more

O Tempora, O Mores!

O Tempora, O Mores!

Survey: Some say Santa should be rebranded female, gender neutral By ABC7news 12/14/2018 For many, Santa Claus will always be a jolly, white-bearded gentleman who wears red and has a huge appetite for milk and cookies. But Santa might be too antiquated for modern times, and one company has offered up the idea of a possible gender-neutral Father [...] Read more

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