Tower Air

In 1991, at the end of Desert Storm, a 19 yr. old US Army Cavalry Scout Private, who had just spent 8 months at war, sat out on a street at Khobar Towers in Saudi Arabia.

He sat there on his duffle bag with his Battalion around him for 4 days waiting for the buses to come and take him to the King Fahad Airport so he could go home.

Unfortunately, the politicians of the day never planned for how to bring so many soldiers home after the war ended so there was a shortage of planes. Politicians are great at talking, but terrible at doing.

Finally, the buses came, and took the young man to the airport. The planes waiting were from Tower Air. The owner of Tower Air had volunteered his planes and staff to bring soldiers home for the cost of fuel only. Happily, the young veteran got home just in time for Easter weekend in 1991, and spent that time emotionally healing with friends and family surrounding him.

That Private was me, Ron Knouse.

The owner of Tower Air was Donald J Trump.

Written by Pvt. Ron Knouse.

https://www.zerohedge.com/news/2019-04-14/jim-grant-world-wide-suppression-interest-rates-has-been-crime

Franky spanky

He needs to sell his fund to unsuspecting suckers.

Sorry Oasis to be so negative but after years of beatings I’m effing exhausted by the starts and fails

Maybe this time Franky will be right, like Rubino, for a change

The hog market exploded to the upside finally after the swine flu was in the news for months. The same buy signal has just occurred in the coffee futures. I missed the hog run by not catching the signal. I plan on being in the coffee run. I don’t know if PM will be a leader, follower, or run in the middle of the pack, but it will run. Hopefully, the hedge funds won’t cause a bloodbath before it goes.

rno, who catches every millionaire train just before it derails.

Why Gold Prices Will “Just Explode…In The Blink Of An Eye” (Frank Holmes=promises made; promises kept–LOL-LOL)

Mike Gleason: Getting back to metals here for a little bit. Gold and silver got off to a pretty start in 2019, it’s fallen back in recent weeks somewhat, but they’ve been pretty fickle, Frank. Positive developments for gold, such as the Fed doing an about face on interest rates, hasn’t really provided the bump that many thought it would.

What do you make of the recent action in the metals, where do you think they might be headed in the months ahead? Will we finally get a sustained upside move and take out some of these major overhead resistance levels, say $1,350 – $1,375 in gold and $16.50 – $17 in silver, what are your thoughts there, Frank?

Frank Holmes: I think it happens in a New York second, and then it’s going to go sideways for a while but it’s just going to surprise everyone and just explode. And find that new level and hang around $1,400. That’s my thoughts on it and it will surprise in the blink of an eye how that happens. There will be some type of event and I believe that the peak gold is here. So, if we have rising in the amount of printing money and GDP per capita is rising around the world and with the cultural affinity for gold… we have peak mine supply, I remain pretty constructively bullish.

https://www.gold-eagle.com/article/why-gold-prices-will-“just-explode…-blink-eye”

Yet while retail investors, which traditionally prefer ETPs to hedge exposure, have been loading up on crash bets, institutional investors which traditionally prefer the greater liquidity of the futures market, are taking the other side of the volatility trade and as the latest CFTC commitment of traders report shows, the speculative net short position in VIX futures is approaching a record,

**************************************

And so the question emerges: who is right – retail investors, who are not only pulling billions from equity funds but have pushed their crash bets to all time highs via VIX ETPs, or institutions, who oddly are on the other end of the spectrum, and not are complacent to an almost record degree, but in their pursuit of yield and carry trades have pushed the net VIX futs short position to unprecedented levels. And while conventional wisdom would say that institutions, i.e., the smart money is always right, for the 9th year in a row, hedge funds and their peers are underperforming the market (with macro funds getting demolished once again).

https://www.zerohedge.com/news/2019-04-13/war-has-broken-out-vix-complex

If it’s the “Rubino curse” then it’s also every other gold analyst who are bullish curse also! 🙂

Have a great day!

German Lawmakers Consider Expropriating Private Apartments To House The Poor

https://www.zerohedge.com/news/2019-04-14/german-lawmakers-consider-expropriating-private-apartments-house-poor

Since we had a decent Monday, I let Rubino off the hook.

Let me be clear, this latest trashing is the result of: THE RUBINO CURSE! 🙂

I guess I’m in it for the long haul too.

Not a lot of other choices 10 years into a SM bull run. Nothing seems cheap to me anyway.

On the other hand, if Krudlow had said the SM will never go down again in his lifetime, I suppose we’d have to believe him.

Trying to stay positive is really tough these days.

seen any of my woodpile photos for some time. I mentioned at the time that my woodpile was drawn down, but now just wanted you to know that I am once again adding to the woodpile. Cheers. Equiz