And now, when weighed down by the pains and aches of old age, when the head inclines to the feet, when the beginning and ending of human existence meet, and helpless infancy and painful old age combine to- gether--at this time, this most needful time, the time for the exercise of that tenderness and affection which children only can exercise towards ...
- Currency war to escalate. If China were to partially back its yuan with gold it would require a gold price of $64,000 per ounce, 50 times gold bullionâs price today, according to a recent article from respected Bloomberg Intelligence. It seems like an outlandish forecast.
Copper is bouncing back and prices are up 1.2% to $2.9860 per pound. The metal was down 2.2% to $2.8880 per pound earlier today. Copper prices have been falling recently and today's sell off came after news that Chinese property developer Zhejiang Xingrun Real Estate has collapsed. China's property sector accounts for about 40% of copper demand. Concerns about slowing Chinese growth and domestic bond defaults have weighed on copper. There have been concerns that copper-backed loans in China are expected to unwind.