Sunday, October 23rd, 2016 MST

Gold up, stocks down on China fears

For years, reports that China’s banking system is at risk mostly have been ignored. Now, though, investors are listening as Chinese officials have admitted to problems in the Chinese banking system and its economy. From March 14’s Financial Times: China warning on defaults sparks fears over growth Bad debts on rise * ‘Lehman moment’ concerns

Gold: the first and only safe haven

For most investors, the primary reason for buying gold is to hedge against currency debasement, which, of course, comes about because of excessive money creation by central banks and via fractional reserve banking.  At times, gold investors stand alone, even being ridiculed by mainstream investors.  Now, though, one of Wall Street’s famed names, Merrill Lynch,

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