JUST IN: 🇨🇳 Chinese court declares crypto legal property protected by law.

@WatcherGuru

Gold's Resilience Gives Out Recessionary Vibes

Authored by Simon White, Bloomberg macro strategist,

Gold is typically one of the best performing assets in recessions.Its recent resilience in the face of rising real rates is another sign – along with deteriorating economic data – that recession risks are rising.

I’m always a bit skeptical of certain markets having a supposed sixth sense about what the future holds. Gold is often believed to have such clairvoyance when it comes to rising inflation or impending market dislocations. While no man, woman or metal has a crystal ball, it would nonetheless be remiss to dismiss out of hand what gold may be saying, especially if it is consistent with other data points.

**Gold has had plenty of excuses to weaken in recent weeks as US real yields rose to GFC highs.

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NEW - U.S. government launches official UFO website.

https://www.aaro.mil/

@disclosetv

NEW - U.S. Special Operations Command (USSOCOM) has contracted a NY-based AI firm to deploy "Argus", a system to detect and "neutralize" real-time "disinformation threats" on social media.

https://www.disclose.tv/id/6cew4vxu8k/

@disclosetv

NEW - Pharmacists in Germany expect an "intensive vaccination campaign" in autumn — Spiegel

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JUST IN: 🇺🇸 President candidate RFK Jr. says BRICS was created because US government weaponizes the dollar.

@WatcherGuru

ITALY'S FOREIGN MINISTER SAID THE TRADE BETWEEN #ITALY AND #CHINA HAS NOT IMPROVED AS EXPECTED SINCE ROME JOINED THE BELT AND ROAD INITIATIVE.
"WE WILL HAVE TO EVALUATE, THE PARLIAMENT WILL HAVE TO DECIDE WHETHER OR NOT TO RENEW OUR PARTICIPATION."
🇮🇹🇨🇳 REUTERS.COM/WORLD/ITALY-FM-B… ...

📉 China has cut its holdings of US Treasuries to $835bn.

This is the lowest level of PRC investment in the States since 2016.

These guys sure know something 😄


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JUST IN: JPMORGAN SAYS THE 🇺🇸 SEC WILL LIKELY HAVE TO APPROVE SPOT BITCOIN ETFS AFTER GRAYSCALE'S LEGAL VICTORY ...

SAUDI ARABIA INVESTMENT MINISTER: ITALY WILL BE THE PARTNER OF CHOICE IN ENERGY AND SUSTAINABILITY SECTORS ...

SAUDI ARABIA MINISTER: THE COUNTRY HAS LAUNCHED A CRITICAL RAW MATERIALS INVESTMENT, AND PLANS TO STRENGTHEN EFFORTS AND COOPERATE WITH ITALY. ...

NEW - Biden in Florida: "Nobody can deny the impact of climate crisis. Nobody intelligent can deny the impact of a climate crisis anymore."

@disclosetv

🇺🇸 UNITED STATES DEBT

US GOVERNMENT DEBT: $32.8 TRILLION

HOUSEHOLD DEBT: $17.1 TRILLION

MORTGAGE DEBT: $12.01 TRILLION

AUTO DEBT: $1.6 TRILLION

STUDENT LOAN DEBT: $1.57 TRILLION

CREDIT CARD DEBT: $1.03 TRILLION ...

PROJECTED FASTEST-GROWING ECONOMIES BETWEEN NOW AND 2030.

🇧🇩 BANGLADESH
🇰🇭 CAMBODIA
🇨🇩 DR CONGO
🇪🇬 EGYPT
🇪🇹 ETHIOPIA
🇮🇳 INDIA
🇮🇩 INDONESIA
🇵🇭 PHILIPPINES
🇻🇳 VIETNAM ...