Do aliens Reside on Earth in the Guise of Human Beings?
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Loading ...Well, because since the first of the year gold has flatlined and now appears to be rolling over. The pm shares have gone down.
The SM is back on an upward trajectory, and the USD might be turning higher.
So, why does it feel so disappointing? Because it is. Because it “feels” a lot like the last 7 years.
John Rubino
January 17, 2019
Since December gold (light blue line) has outperformed the average stock (dark blue) by a nice margin.
So why does this feel like such a let-down? Because the stars were aligned for a much bigger move. The structure of the late 2018 futures market had speculators historically short – which normally portends a big price increase. January is also the seasonally best time for gold and silver, since that’s when Asians stock up on jewelry to give at Spring weddings.
Meanwhile, gold and silver mining stocks had had a brutal 2018 and were poised for at the very least a nice bounce once tax loss selling ended in late December.
This was, in short, a set-up resembling early 2016, when precious metals jumped and mining stocks soared. The following chart shows the HUI gold mining stocks index more than doubling in the first ten months of that year.
But instead, we get this tepid move up in precious metals and an actual decline in mining stocks. On the following chart the purple line is the HUI:
It’s still early in what could yet be a strong first half (before seasonality turns negative and everyone starts saying “sell in May and go away”). And the deeper fundamentals – soaring debt, an ever-more-dovish Fed, insane politics – remain wildly positive for precious metals.
So patience is still in order. But jeez, some action would be nice.
Tariffs always protected. home industries and jobs. What have we gained by eliminating them…That EVERYMAN AND WOMAN can have 20 pair of shoddy shoes, a. closet stuffed with. cheap. clothing, a. TEE VEE Box in every room? A phone for every family member? The elimination of village. and hometown local businesses for Walmarts and Amazon? What gain in human happiness or satisfaction have we. had? Tariffs are. good–Globalists are bad…
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The tariff history of the United States spans from 1789 to present. The first tariff law passed by the U.S. Congress, acting under the then-recently ratified Constitution, was the Tariff of 1789. Its purpose was to generate revenue for the federal government (to run the government and to pay the interest on its debt), and also to act as a protective barrier around newly starting domestic industries.[1] An Import tax set by tariff rates was collected by treasury agents before goods could be unloaded at U.S. ports.
Tariffs have historically served a key role in the nation’s foreign trade policy and as a source of federal income. Tariffs were the greatest (approaching 95% at times) source of federal revenue until the Federal income tax began after 1913. For well over a century the federal government was largely financed by tariffs averaging about 20% on foreign imports.
Tariffs are now employed, among other cases, in the present trade war with China.
https://en.wikipedia.org/wiki/Tariff_in_United_States_history
The crap going on today really bugs me and I try not to sound like my father. I am so aware of the generational bias but I still think we are going down the sewer, even if many thought that 50 years ago. Cognitive dissonance? I am forced to deal with the LBGTXYZ thinking this is recent, yet the opening lines of Alvin Lee aren’t PC…
Too bad Trump didn’t wait till they got over there and made them find their way home on their own dime. Yeah pull their passports in Palestine and she can tell them she doesn’t believe in IDs or borders. Pelosi is so cheap it’s unbelievable.
Is she still getting paid while she was on vacation in Hawaii while thousands aren’t getting paid and sh s not at the WH? She’s got a free ride on our dime all her political life yet still a cheap selfish miser.
Her and shifty eyed Schiff were probably up to no good anyways.
At the heart of the issue…