Monday, November 14, 2016
Memo to the Next US Administration: Defense Spending Must Be For Actual Defense / Politics / US Military
In a disturbing indication of how difficult it would be to bring military spending in line with actual threats overseas, House Armed Services Chairman Rep. Mac Thornberry (R – TX) told President Obama last week that his war funding request of $11.6 billion for the rest of the year was far too low. That figure for the last two months of 2016 is larger than Spain's budget for the entire year! And this is just a "war-fighting" supplemental, not actual "defense" spending! More US troops are being sent to Iraq, Syria, Afghanistan, and elsewhere and the supplemental request is a way to pay for them without falling afoul of the "sequestration" limits.
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Sunday, November 13, 2016
Hillary Points Fingers the Wrong Way for Losing to Trump / Politics / US Presidential Election 2016
Hillary consistently blames others for her deplorable public record as first lady, US senator and secretary of state - serious wrongdoing enough to land ordinary people in prison longterm for committing any one of her numerous high crimes.
In a Saturday conference call to donors contributing $100,000 or more to her campaign, she was at it again, blaming FBI director James Comey for reopening his investigation into her email scandal in late October after 650,000 new ones were discovered.
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Sunday, November 13, 2016
Bonds, Commodities and Stocks / Commodities / Financial Markets 2016
Bonds – this past week saw one of the largest weekly selloffs in decades. After finally reaching negative rates in much of the world, has the 36 year bond bubble finally popped?
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Sunday, November 13, 2016
Trumpnomics – Reinventing Political Economy for America and Its Forgotten People and the World under Donald Trump / Politics / US Politics
The core of the economic policies of Donald Trump, on the basis of what he has said so far, is for rebuilding America and empowering its forgotten people. For the last twenty years American economy has been reduced into mere Corporate Economics centered on the Service Sector, ignoring the Primary Sector – Agriculture, Mining, Fishing, Diary and Rural America- and the Secondary or Industrial Sector that are the real backbone of America. As a result, America has acquired several characteristics of a Third World Country. Further, America has created a large number of the victims ,especially the rural people and the blue color workers , known as ‘ the forgotten people of America’ consisting of not only the white, but also the colored, including the Latinos, who made Donald Trump, the President of America.
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Sunday, November 13, 2016
Krugman Gets His Alien Invasion – And Gold Bugs Get Paradise / Commodities / Gold and Silver 2016
Nobel Prize winning economist and uber-liberal New York Times columnist Paul Krugman likes to illustrate his philosophy by noting that the threat of an alien invasion would help the economy by stimulating government spending.
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Saturday, November 12, 2016
Donald Trump’s March to the Presidency / ElectionOracle / US Presidential Election 2016
The near-impossible has happened, and Donald Trump is three months from being President Trump. From local elections to the presidency, this general election may have been the most vicious since Thomas Jefferson challenged John Adams in 1800. Both major candidates turned to attack ads to enhance their own campaigns.
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Saturday, November 12, 2016
Copper Price Forecast – Is Copper Ready To Start A New Bull Market In 2016? / Commodities / Copper
We have covered the copper market extensively in recent weeks. As the price of copper has truly gone balistic this week, it justifies another commentary with our view on where exactly copper stands, and where it can go from here. In other words, is the copper price forecast that bullish that it suggests a new bull market has started in 2016?
MarketWatch is one of the few media outlets that provided some (positive) coverage on copper today. Their article implicitly suggests a bullish copper price forecast for the remainder of 2016: “Copper futures, meanwhile, saw a weekly climb of nearly 11%, which was the largest in over five years, as traders bet that policies expected to be pursued by Republican Donald Trump’s administration could feed demand for industrial metals.” Though fundamental data, as brought forward in their piece, does not carry too much value in our opinion, we agree with their viewpoint.
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Saturday, November 12, 2016
Stock Market Outlook For 2017 / Stock-Markets / Stock Markets 2016
The stock market is behaving quite volatile again. Moreover, an intermarket rotation has started recently: some underperformers start leading, and former leaders show first signs of suffering.
That said, did our stock market outlook for 2017 change compared to our previous bullish outlook?
First and foremost, in order to determine the answer to this question, we remain focused on key price levels on the chart(s), combined with sentiment, both fundamental components of our thesis. As outlined in a recent piece, we do not expect a stock market crash in 2017. On the contrary. But we should always be on the outlook for changes in trends; a bearish scenario would kick in if the S&P 500 would breach the 2000 level and, ultimately, the 1850 level. Moreover, a failed breakout to new highs in the coming few months would invalidate our bullish view for 2017.
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Saturday, November 12, 2016
The Future Price Of Gold Will Drop Below $1000 In 2017 / Commodities / Gold and Silver 2016
As the price of gold and silver came down sharply, many investors are asking what the future price of gold will be. Although we do not pretend to have a crystal ball, we observe sufficient signals in the charts to make a make a call about the future price of gold into 2017.
In general, the precious metals market has turned very sour. Gold registered it largest loss on a weekly basis since it crashed in 2013. Moreover, gold and silver miners, said to lead the precious metals complex, have truly crashed this week.
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Saturday, November 12, 2016
The Revolution of the Deplorables / ElectionOracle / US Presidential Election 2016
“I look to a day when people will not be judged by the color of their skin, but by the content of their character.” - Dr. Martin Luther King
Amen.
Unfortunately, we live in an age of profound ignorance and stupidity. Students of color attending UCal-Berkeley decided they needed a ‘safe place’ on campus so they have prevented students not of their same color from passing into their selected zone. They shouted, ‘Go around!’. Isn’t that the same message Rosa Parks heard on buses until she decided to raise her own rebel flag and take a seat. It seems that those who claim to abhor racism are the racists. Bigots come in every color.
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Saturday, November 12, 2016
Did U.S. Treasury Bonds Just Get Stumped by Trump? / Interest-Rates / US Bonds
The answer to where T-Bonds are headed is not in the news headlines about Trump. It's in the Elliott wave pattern
On November 9, the United States woke to the biggest political shock since Harry Truman defeated "shoe-in" Thomas E. Dewey in the 1948 U.S. presidential election.
For U.S. bond investors, the 2016 election has been head-spinning too.
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Saturday, November 12, 2016
A Good Time To Be Buying Gold / Commodities / Gold and Silver 2016
There's a lot going on in the world - from Trump being elected in the U.S. to turmoil in the middle east, the China Sea and Turkey, Russia is flexing it’s still considerable might, North Korea’s flinging it’s nukes helter skelter, Japan’s rearming, disease runs rampant and fear escalates about virus mutation, there’s shortages of fresh water with many rivers not reaching their former endpoint and of course climate change is rearing its head to destabilize natural rhythms or cycles. It’d be hard to go back in history and pick a period of time when things weren’t so combustible.
Your author believes gold and silver have never been better safe-haven investments. Inflation, world events, diversification
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Saturday, November 12, 2016
Delirium - The Real Reason Why Donald Trump Won the US Presidential Election / ElectionOracle / US Presidential Election 2016
All those who failed to see Trumps election coming are now busy pumping out reams and reams of worthless drivel. They don't have a clue, they don't get it and never will, because the answer is not in text on printed and web pages. It's not even in spoken words, none of that! THIS IS the real reason why Donald Trump won! DELERIUM, waves and waves of delirium washed over the electorate to galvanise them into losing touch with reality and entering Donald Trumps altered reality. Don't believe me ? Then watch this video -
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Friday, November 11, 2016
Gold, Miners Under Trump / Commodities / Gold and Silver Stocks 2016
Donald Trump’s epic underdog victory climaxing the US presidential race was radically unexpected by the great majority of the world. Equally if not more surprising was the subsequent days’ market reaction. Stock markets, gold, and gold-mining stocks did exactly the opposite of what was universally forecast for a Trump win. This has left contrarian traders wondering how gold and gold stocks will likely fare under Trump.
Personally I’m thrilled and filled with hope for America with Donald Trump being our next president! We desperately needed someone to overthrow Washington’s stranglehold on our lives. In both our monthly and weekly newsletters published before Trump’s apparent upset, I took the contrarian stance explaining why Trump had far greater odds of winning than widely assumed. The stock markets predicted a Trump win too!
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Friday, November 11, 2016
Only Winners of the US Presidential Election Are… / Stock-Markets / Financial Markets 2016
HSBC,(https://en.wikipedia.org/wiki/HSBC), is projecting gold to rise to $1,500 an ounce, since the ‘real-estate magnate’ triumphed up from behind in the election results (http://www.bloomberg.com/news/articles/2016-11-01/buy-gold-no-matter-who-wins-the-election-hsbc-says). It is protection against everything!
The U.S. Debt-to-GDP ratio is 125% and will be growing. ‘Main Street America’ has been told that these are measures required to stimulate economic activity, to prevent crises, increase employment, and soothe the financial markets.
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Friday, November 11, 2016
Trump & The Fed / Politics / US Politics
There is critical information in the first 45 seconds of the Donald Trump campaign video below. Now the election is over, and this nonpartisan analysis is not about campaigns, politics or who should have been elected - but some absolutely fundamental changes that could be on the way.
The video was Trump's closing argument for his election, and was released on November 6th.
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Friday, November 11, 2016
Trump, Brexit - Democrazy / ElectionOracle / US Presidential Election 2016
Dear Parader,
I began writing this week’s musings on a small notepad while sitting in the Homeowners Association Meeting here in La Estancia de Cafayate.
For the record, I have a near phobic dislike of sitting in meetings that ranks right up there with filling in government forms.
To my way of thinking, business that could be handled efficiently by a couple of well-intentioned and reasonably intelligent individuals in 15 minutes takes a larger group several hours to reach either the same conclusion or something less efficacious.
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Friday, November 11, 2016
Hillary, Obama and Media -- the Victims of Their Own Illusion and Propaganda and Making Trump the President / ElectionOracle / US Presidential Election 2016
The credit for the ‘stunning’ or ‘unbelievable’ victory of Donald Trump goes to Hillary Clinton, Barak Obama and their bribed or obedient Medias and above all their Quixotic Propaganda. Hillary propaganda can be considered as the most strategically idiotic and blunder-some political exercise leading to her own self-defeat and the uneasy victory of Donald Trump. They made Donald Trump the real hero and savior of the American Dream and Interest.
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Friday, November 11, 2016
US Stock Market Update: Trump Towers / Stock-Markets / Stock Markets 2016
There are more Trump Towers being erected by certain indexes (ref. Uncle Buck’s pants tent noted yesterday in an HUI update). As an aside, say what you will about the man, but the name and the persona are a natural for we financial writers and others not tasked to be sensitive about politics or politicians. I mean, how much fun could one make of Obama, a person who comes across as dignified and idealist? Bush was a little better, but even he was no Trump. The Clintons? Getting warmer. But Trump is a new thing all together, almost transcendent; more concept than man. I like this, speaking as a writer. Love it, actually.
On a more serious note, I think he is eventually going to be seen in a lesser light, as the true believers who thrust him upon their tired shoulders find out that promises are one thing and reality is quite another; if anything, he will deliver inflation, which adversely affects… anyone? Bueller?… the middle and lower classes. Asset owners – like Trump – always win and those who go paycheck to paycheck, always lose in inflationary/reflationary regimes. So if the hype proves true and exported jobs are repatriated, roads, bridges and walls are erected, tax breaks for big corporations are implimented and yet more deficit spending is enacted, it is not the true believers who are going to benefit.
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Friday, November 11, 2016
Japanese Tales of Common Insanity and Gold / Commodities / Gold and Silver 2016
Einstein allegedly once claimed that insanity is doing the same thing over and over again and expecting different results. It turns out that central bankers are really insane. Their loose, unconventional monetary policy has not worked in Japan for the last quarter-century, but it did not prevent the Bank of Japan from adopting zero interest rates targets for ten-year Japanese government bonds and from the commitment from overshooting its inflation target. But let’s leave the analysis of the central bankers’ denial of reality to psychologists and focus on the short summary of the Japanese economy in the last quarter-century. Such an analysis would outline the necessary context for the examination of the relationship between the BoJ’s actions, the USD/JPY exchange rate and gold.
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