Gold traded at 1776 over the 4th of July weekend.
Jewelry demand in Asia has collapsed but gold ETF demand in the West is more than offsetting the decline. An Ohio city declares itself a "statue sanctuary city." Onion article: Cities are protecting their statues by renaming them all "Karl Marx." Chinese stocks are soaring as the government media tells people to buy, buy, buy! Florida and Texas new cases surge. Is a second lockdown coming? And is that a reason to short stocks or to buy them? Upcoming contest, "On what date will Ghislaine Maxwell get suicided in jail?"
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.