Stocks and Precious Metals Charts – Lead Kindly Light

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“Come senators, congressmen
Please heed the call
Don’t stand in the doorway
Don’t block up the hall
For he that gets hurt
Will be he who has stalled
There’s a battle outside and it is ragin’
It’ll soon shake your windows and rattle your walls
For the times they are a-changin’…
As the present now
Will later be past
The order is rapidly fadin’
And the first one now will later be last
For the times they are a-changin’.”
Bob Dylan, The Times They Are a-Changin’
“The only constant is change.”
Heraclitus
Let me start out by saying that in my estimation, about 95% of short term predictions are worthless from an actionable trading standpoint. In most businesses, short term is less than one year.
That is why so many jokers on Wall Street keep so busy rigging the game, and cutting down their forecasting window to microseconds. It is the only way that they can provide consistent returns – they cheat.
Oh yea, I know that some guys have cobbled together some remarkable runs in the short term, and then generally flame out at some point. I had a run at the blackjack tables in Vegas that had the dealers talking. It seems like everyone gets at least one night like that, they are just flat out golden and can’t seem to lose at the turn of the cards.

This post was published at Jesses Crossroads Cafe on 28 DECEMBER 2017.


Russia and China Lay Economic Foundation Based on Golden Rule

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One of the many themes we support at The Daily Coin is the constant progress happening across the emerging markets, especially the nations involved the Eastern economic alliances like BRICS, BRI, SCO, EAEU and the like. These nations under the direction of China or Russia or a combination are laying the groundwork to be the driving force of the 21st Century and beyond.
We also continually report on gold moving from Western vaults to all points East. Most recently we discussed Kazakhstan and the importance of this nation both from a geographical position as well as natural resources like gold, rare earths and a wide variety of other elements within the borders of this growing nation.
Gold always has our attention as the rules/laws surrounding gold have not changed. While most people, especially in the West, have forgotten these rules that does not mean they have changed or been overturned.
One law that has stood the test of time is the golden rule – he who has the gold makes the rules. We also like the fact that JPMorgan, the man not the bank, stated in a congressional hearing that ‘gold is money and everything else is credit’. These two rules/laws working in conjunction with one another make for a formidable alliance. When you have natural rules/laws working together and nations begin forming alliances using these rules/laws as a foundation the rest of the world should take notice, but alias the Western world is more focused on ‘russia did it’ than what Russia is actually doing.

This post was published at GoldSeek on Monday, 25 December 2017.


Ready To Delete The Fed And Congress Yet?

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Once in a while you read something that has a nugget of truth in it — on accident.
That is, the writer didn’t intend to enlighten, and for 99% of the people in the country, it won’t — because America is, for the most part, an innumerate nation.
It is for this very reason that I have pounded my head against the wall on this web page for over 10 years. If the people of this nation were not innumerate there would have been an utterly vicious reaction by now and not one single politician — or Fed President — would still be in office. None.
They’d have either left peacefully or piecefully long ago.
So with that in mind read the following from an NPR article on the horrid living conditions in a Dallas suburb and the cost-push problems that are outlined therein:
Across the country, the majority of poor families are spending more than half of their already small incomes just to cover rent. And while median rent has increased 70 percent over the past two decades, housing conditions haven’t improved, according to a 2015 Harvard study.

This post was published at Market-Ticker on 2017-12-23.


“Sell The News”: Investors Greet Tax Reform With Near-Record Redemptions

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Earlier this week, as Trump’s tax reform was finally being voted through Congress, we showed that in a surprising market reaction, total asset returns – those combination of S&P and 30Y Treasurys – saw their biggest two-day drop since last December, a shock which led to one of the biggest declines for risk-parity investors in months.

As of this morning we now know the reason for this steep stumble: as BofA Chief Investment Officer Michael Hartnett writes in his latest, and last for 2017, Flow Show report US tax reform passage was greeted by near-record redemptions across key asset classes, with $14.5 billion withdrawn from equities – the largest redemption since Brexit – and a further $3.2bn from bonds, the largest in 52 weeks, and even a modest $0.4bn was pulled from gold funds.

This post was published at Zero Hedge on Dec 22, 2017.


ZAR Tumbles As South Africa’s ANC “Decides” To Nationalize Central Bank, Confiscate Land

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South Africa’s ruling African National Congress gushed a double whammy of capital-flight-creating rulings this afternoon. The Rand is tumbling on Bloomberg headlines that the ANC is said to seek constitutional changes for land expropriation (from whites) without compensation, but perhaps even more worrisome, the ruling party has decided that the Reserve Bank must be wholly owned by the state:
SOUTH AFRICA’S ANC ECONOMIC COMMITTEE CHAIR GODONGWANA SPEAKS S. AFRICA ANC SEEKS CONSTITUTION CHANGES FOR LAND EXPROPRIATION S. AFRICA’S ANC SAYS LAND EXPROPRIATION MUSTN’T HURT ECONOMY S. AFRICA’S ANC SAID TO DECIDE CENTRAL BANK MUST BE STATE-OWNED

This post was published at Zero Hedge on Dec 20, 2017.


Gold Price Link to US Rates Weakest Since Mid-2015 as Bond Yields Jump on Trump Tax Bill

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Gold prices rose against a falling US Dollar on Wednesday morning, touching 2-week highs at $1266 per ounce despite an overnight jump in longer-term US interest rates after lawmakers in Washington voted to approve President Trump’s tax plan.
Adjusted for market-based inflation forecasts, 10-year US interest rates typically move opposite to the direction of gold priced in Dollars.
On a weekly basis, however, this negative correlation between gold and real 10-year Treasury yields has been weakest over 2017 since the 12 months ending July 2015, reading -0.43 against an average over the last decade of -0.74.
Due for a re-vote today owing to a procedural snag, Trump’s tax cuts will add $1.4 trillion to the annual federal deficit over the next decade according to the bi-partisan Congressional Budget Office.

This post was published at FinancialSense on 12/20/2017.