'Leave' Takes Shocking 19-Point Lead In Brexit Poll - "If It Happens, Gold Will Be The World's Strongest Currency" The headlines go from bad to worse for the UK and EU establishment as yet another new poll this weekend, by Opinium, shows "Brexit" leading by a remarkable 19 points (52% chose to leave the EU against 33% choosing to keep the status quo). This result comes after 2 polls Friday night showing a 10-point lead for "leave" which sparked anxiety across markets. This surge in "leave" probability comes despite an additional 1.5 million voters having registered this week (which many expected to increase "remain" support). Further anger towards EU was exposed when former cabinet minister Iain Duncan Smith warned that seven new prisons will need to be built in the UK by 2030 to cope with the rising number of migrant criminals (presumedly due to 'staying' in the EU). With market anxiety rising, as One River's CIO notes, if Brexit happens, gold will soar. http://www.zerohedge.com/news/2016-06-12/leave-takes-shocking-19-point-lead-brexit-poll-if-it-happens-gold-will-be-worlds-str
ISM Manufacturing Index Climbed to Highest Level in 16 Months
WASHINGTON—A gauge of U.S. manufacturing activity rose for the second straight month in June to its highest level since February 2015, putting the sector on stable footing for the second half of the year.
Don’t bank on oil freeze boosting prices, warns Russian finance minister
A touted oil production freeze by Saudi Arabia might not be enough to boost crude prices, even if it goes ahead, the Russian finance minister told CNBC.
Anton Siluanov spoke to CNBC Friday as media reports circulated that Saudi Arabia had offered to freeze oil output if rival producer Iran did the same.
Siluanov warned that even if the deal went ahead, any upturn in oil prices would be temporary, as this would encourage more production elsewhere.
"A freeze on the part of several countries ... will not produce the effect that some people are anticipating ... There is the possibility that there'll be an increase in oil production as a result of shale oil and then the prices will fall again," he told CNBC in Moscow.
Russia rivals with Saudi Arabia as the biggest oil-producing country in the world and has been hit hard by the downturn in crude prices since July 2014.
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