US Citizens Giving the Finger to Globalist Statist Elites – Big Time
Back in late August we posted something about Mr. Trump’s chances probably being a lot better than was generally assumed (see: US Presidential Election – How Reliable are the Polls?). You know what the say about a headline that ends in a question mark; most often, the answer to the question is “No”. And so it was in this case – the polls were not reliable.
Yeah baby! He was actually serious with that “we’re going to win it” line.
Photo credit: Reuters
$8 Trillion Transfer
RHINEBECK, New York – It is a beautiful autumnal day here in upstate New York. The trees are red, brown, and yellow. Squirrels hop across the lawn, collecting their nuts. Unseasonably warm the last few days, rain showers are moving in from across the Hudson, driven by a chilly wind.
The effective federal funds rate, or: the Fed sends savers a message… – click to enlarge.
India’s Government Makes Banknotes Worthless by Decree Overnight
As I write this in the morning of 9th November 2016, there are huge lines forming outside gold shops in India — and gold traded heavily until late into the night yesterday. Depending on who you ask, the retail price of gold has gone up between 15% and 20% within the last 10 hours.
Gold quotes in India – gold traded for as much as Rs 49,000 per 10 grams or US$ 2,294 per ounce
An Important Reminder
Julian Assange, who was once considered a darling of the Left – as long as his organization’s leaks primarily embarrassed the Bush administration over its insane Iraq war that is – has in the meantime advanced to the status of walking, talking assassination target for Hillary Clinton’s drones. He should probably be extra careful if she becomes president, because nothing and no-one will be able to hold her back anymore.
In the cross-hairs: Julian Assange
Image via truepundit.com
Pre-Election Market Movers – Mr. Comey and the Trio Infernal
Before this Monday, the S&P 500 Index went down nine days in a row. While this was almost unprecedented (or in any case, a very rare event) the decline was quite small overall. The timing of the pullback and the subsequent strong rebound on Monday suggests that Mr. Comey’s letters to Congress regarding the FBI investigation into official emails by Hillary Clinton – which have found their way unto a computer owned by Anthony Weiner (the former husband of Clinton’s right-hand woman Huma Abedin) – were the “trigger” for these moves.
FBI chief Comey and the Trio Infernal: Huma Abedin, Anthony Weiner and Hillary Clinton. Weiner is embroiled in a rather unsavory scandal – allegedly he has inter alia mailed pictures of his unclothed reproductive organs to a minor. The FBI has detected some 650,000 emails on his computer that seem to have come from Ms. Clinton’s private email server, which she in turn used in her official capacity as Secretary of State (her use of this device violated regulations and testified to her lack of sound judgment).
Image credit: Robyn Beck, Don Emmert / AFP / Getty Images
Making Flimflam Float
RHINEBECK, New York – Poor Mr. Obama. In an apologia in The Economist, the president reveals that he has learned nothing during his time in the White House.
More importantly, he has forgotten nothing…
At the time this ad appeared it was just a threat… then he actually went ahead and did it, dispensing advice to his successor. In case readers are not familiar with it, the Economist is essentially a socialist rag, advocating government intervention at every turn – it is not very different from the FT in this respect. As a friend of ours recently remarked, the last year in which the magazine was worth reading was 1993, it’s gone downhill ever since. We will concede though that it continues to work very well as a contrary indicator (its title pages have a near perfect record in this respect).
First Rule
This week the prices of the metals, as measured in terms of the much-abused and much-hated but much-preferred US dollar, went up. +$28 and +0.66 respectively.
Winning! Sometimes…
A Case of Bad Timing
As if there are not enough sufficient reasons for right thinking individuals to want a Donald Trump Presidency, one of the biggest is that it would be a direct and quite necessary rebuke and humiliation of the purported head of the Catholic Church, Pope Francis.
Stone-thrower in the glass house: Pope Francis
A Confession
RHINEBECK, New York – Is the stock market dead? Nothing is happening there. It is the first of November. The countdown to the elections has begun; the nation seems to hold its breath.
The US Supreme Court is “up for grabs” – but does it even matter? Not if one considers the court’s history. It is essentially a rubber stamp for the State, giving legal cover to its transgressions.
Photo credit: Joe Ravi
Can Saving Possibly “Undermine Economic Growth”?
In his speech at the New York Federal Reserve of New York on October 5, 2016, the Federal Reserve Vice Chairman Stanley Fischer has suggested that a visible decline in the natural interest rate in the US could be on account of the world glut of saving.
Stanley Fischer points out where the imaginary savings glut he believes to have spotted is hiding.
Photo credit: Jim Watson / APA / AFP
Ticking Time Bomb
“There are more things in heaven and Earth, Horatio, than are dreamt of in your philosophy.”
– William Shakespeare, Hamlet
The American populace counts down to Election Day with impatient intent. Will their party man occupy the White House come January 21, 2017? Or will their party woman occupy a federal prison cell?
Don “Groper” Trump and Hillary “Private Position” Lincoln.
Calm Before the Storm
BALTIMORE – It was another slow news day for the stock market. At least at 7 a.m. here on the East Coast it was. But bonds are starting to show signs of topping out.
Hawk in waiting
Cartoon by Bruce Plante
Most read in the last 20 days:
Love him or Hate him: Trump is the Revolution Against the Establishment
The U.S. Elections: The Latest Crack in the System The 2016 U.S. presidential elections are unprecedented: I don’t believe we have ever witnessed before a campaign year so toxic, so dangerously divisive and full of ad hominem attacks. Both camps have vilified the opposition and their followers, creating a schism in society. There has been no rational dialogue on the issues that truly concern the American public. The schism Illustration by : M. C....
Gold Price Skyrockets in India after Currency Ban
India's Government Makes Banknotes Worthless by Decree Overnight As I write this in the morning of 9th November 2016, there are huge lines forming outside gold shops in India — and gold traded heavily until late into the night yesterday. Depending on who you ask, the retail price of gold has gone up between 15% and 20% within the last 10 hours. Gold quotes in India - gold traded for as much as Rs 49,000 per 10 grams or US$ 2,294 per ounce At some places, it...
Is “The Donald” Finished?
Too Late for Trump? BALTIMORE – We checked. We checked again. Nothing. Despite our recent open letter to him, the person not sending us an email was Donald J. Trump. But let’s check with the markets before we return to politics. S&P 500 earnings growth rate as of Q1 – from bad to worse, but evidently no-one cares as long as the central bank confetti supply continues gushing- click to enlarge. While the world’s attention is fixed on Mr. Trump, Mr....
Pope Francis is at it Again
A Case of Bad Timing As if there are not enough sufficient reasons for right thinking individuals to want a Donald Trump Presidency, one of the biggest is that it would be a direct and quite necessary rebuke and humiliation of the purported head of the Catholic Church, Pope Francis. Stone-thrower in the glass house: Pope Francis Bergoglio has once again injected his neo-Marxist self into areas where he has no right to interfere. Of course, this has never...
Recessions, Predictions and the Stock Market
Only Sell Stocks in Recessions? We were recently made aware of an interview at Bloomberg, in which Tony Dwyer of Cannacord and Brian Wieser of Pivotal Research were quizzed on the recently announced utterly bizarre AT&T – Time Warner merger. We were actually quite surprised that AT&T wanted to buy the giant media turkey. Prior to the offer, TWX still traded 50% below the high it had reached 17 years ago. The merger of AT&T and TWX simply doesn't appear to make much...
The Rigged Economy
The Madness of QE BALTIMORE – Like a house on fire, the election continues to draw a crowd of gawkers. We joined them for the final debate, warming our hands and hoping to see the whole damned place burn down. Like the ancient serpent deity Glycon (whom we have discussed previously), the candidates promised miracles galore: they shall tell fortunes, help find fugitive slaves, detect thieves and robbers, cause the discovery of treasures, heal the sick, and raise the...
Return of the Loonie
Holding Pattern When it comes to interesting charts or marginally promising setups I’m pretty much scraping the bottom of the barrel right now. Not surprising really, given that the few remaining market participants (bots! cough cough) are firmly set in a holding pattern after a one year sideways churn and an impending Presidential election on November 8th which is thought to have the potential to be the catalyst for changes in the financial arena. I for one hold very little...
The Fed’s “Hothouse” Is in Danger
$8 Trillion Transfer RHINEBECK, New York – It is a beautiful autumnal day here in upstate New York. The trees are red, brown, and yellow. Squirrels hop across the lawn, collecting their nuts. Unseasonably warm the last few days, rain showers are moving in from across the Hudson, driven by a chilly wind. The effective federal funds rate, or: the Fed sends savers a message... - click to enlarge. But today, we talk about money. After all, that’s our beat here at...
Wile E. Coyote Gravity Lessons
Reassertion of Gravity Another week without much major price action, gold +$16 and silver +$0.12. At least if you look at the closing prices. However on Monday after New York market hours, there was quite a spike in silver. A famous brief moment of seeming weightlessness combined with a terrible flash of premonition that it won't last... Cartoon by Chuck Jones The close was $17.46. The price was up 10 cents by midnight in New York. By the morning before the...
Does the Supreme Court Really Matter?
Calm Before the Storm BALTIMORE – It was another slow news day for the stock market. At least at 7 a.m. here on the East Coast it was. But bonds are starting to show signs of topping out. Hawk in waiting Cartoon by Bruce Plante Meanwhile, we are days from the elections - with two of the least-loved candidates anyone can recall. One promises to shake things up – but in ways that are largely unpredictable. The other says she’ll risk war with Russia (a nuclear...
It’s Still the Media, Stupid!
Weapons of Mass Deception - the Pravda Complex The US Presidential campaign has demonstrated once again that the mainstream mass media is still the dominant force and arbitrator of political events and if it is successful in pushing the Wicked Witch of Chappaqua past the finish line this November, it may have achieved its greatest triumph. A note by PT: We have decided to introduce a new term for the mainstream media in light of the astonishing “Gleichschaltung” of the...
Incrementum Advisory Board Meeting Q3 2016
Is Stagflation a Potential Threat? The Incrementum Fund held its quarterly advisory board meeting on October 3 (the transcript can be downloaded below). Our regular participants - the two fund managers Ronald Stoeferle and Mark Valek, advisory board members Jim Rickards, Frank Shostak and yours truly - were joined by special guest Grant Williams this time. Many of our readers probably know Grant; he is the author of the bi-monthly newsletter “Things That Make You Go Hmmm...”, as...
Austrian Theory and Investment
Realtime Charts
Gold in USD:
![[Most Recent Quotes from www.kitco.com]](http://web.archive.org./web/20161113021020im_/http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
Gold in EUR:
![[Most Recent Quotes from www.kitco.com]](http://web.archive.org./web/20161113021020im_/http://www.kitconet.com/charts/metals/gold/t24_au_en_euoz_2.gif)
Silver in USD:
![[Most Recent Quotes from www.kitco.com]](http://web.archive.org./web/20161113021020im_/http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
Platinum in USD:
![[Most Recent Quotes from www.kitco.com]](http://web.archive.org./web/20161113021020im_/http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
USD - Index:
![[Most Recent USD from www.kitco.com]](http://web.archive.org./web/20161113021020im_/http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
