Bonds Poised To Fall On Surge In Oil Prices

Gold Silver Reports (GSR) – Bonds Poised To Fall On Surge In Oil Prices – Indian bonds are poised to fall as a surge in global crude oil prices spurs concern that inflation will accelerate………. Crude Oil prices jumped on Tuesday as the U.S. pressed allies to end all imports of Iranian oil by a November deadline and said it didn’t want to offer any extensions. The 10-year bond yield climbed for a third day yesterday, rising 1 basis point to 7.83 percent……….

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Gold is Clearly Trending Down

Gold price today

Gold Silver Reports (GSR) – Gold has developed a clear downside trend break away from the strong resistance level near $1,364. Many gold traders were waiting for a breakout above the critical long term resistance level near $1,364 and a move toward $1,550. However, the uptrend was untidy in its behavior so cautious traders have been rewarded.

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US will be Tough on Iran Sanctions, And that Could Sting Consumers

Gold Silver Reports (GSR) – US will be Tough on Iran Sanctions, And that Could Sting Consumers — A senior State Department official Tuesday said the U.S. is seeking a reduction in Iranian exports to zero and does not intend to grant any waivers for companies or countries seeking exemptions. President Donald Trump pulled the U.S. out of the Iran nuclear deal, which continues to be supported by Iran and the other parties to it: the U.K., Germany, Russia, China, Italy and France.

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Trade War Hits Stocks as $8 Trillion in Bear Market

Gold Silver Reports (GSR) – Trade War Hits Stocks as $8 Trillion in Bear Market — The MSCI Emerging Markets Index sank to the lowest in 10 months, while 18 out of 24 currencies tracked by Bloomberg fell. The Shanghai Composite Index has tumbled 20 percent from its peak in January, with China joining nations such as Turkey and Pakistan in crossing that threshold. The risk premium on sovereign bonds over U.S. Treasuries widened.

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Banks Fraud Reports, Says RBI’s Financial Stability Report

Banks Fraud Reports, Says RBI’s Financial Stability Report

Gold Silver Reports (GSR) – Banks Fraud Reports, Says RBI’s Financial Stability Report — A study of the composition of frauds, showed that the increase in the number of frauds was driven by credit and debit cards along with internet banking. However, in value terms, advances-related frauds contributed most to the total amount involved.

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