In this report I cover the early market action from London on Thursday, July 26th, 2018. I look briefly at the precious metals, the stock market, the dollar, the oil price and the bond market.
I also talk about an article I have read on Whatdoesitmean, http://www.whatdoesitmean.com/index2614.htm, in which the author writes about the possibility of President Trump taking over the Federal Reserve and maybe even reinstating the gold standard. I do note, nevertheless, that I take the story with a pinch of salt even though I agree with a great deal of points made in the article.
In this article the author points out that a new regulatory framework to be implemented in 2020 for the world's oil tanker shipping industry could trigger a spike in the oil price to $200 and that this event could be a trigger for a world financial and economic collapse.
My conclusion is that irrespective of what might happen monetarily and economically one should always be trying to get monetary insurance via the accumulation of physical gold and silver.
$200 Oil article: https://www.rt.com/business/434192-regulation-could-push-oil-200/
Trump and the Federal Reserve: https://www.cnbc.com/2018/07/20/trump-poised-to-take-control-of-the-federal-reserve.html
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