A crazy day for the markets ahead of the election
Al and I share our insights on the big moves we saw today in the US markets, gold, as well as the VIX and oil. Even though we saw these moves there was not much technical damage done to the charts. The real standout to me is the copper chart. Copper has been on a major run and has already broke out.
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If Trump gets in, I will be looking at Northern Dynasty again, with indicated 57 billion lbs of copper and a possible change at the EPA, who knows what could happen to this stock. DT
Remember to WEAR RED
Dr. Dave Janda – Operation Freedom Podcast…Sunday November 6, 2016
Segments & Guests
Michael Cutler – Former INS Special Agent Criminal Investigator
Eric Dubin – Director of News and Information, Newsdoctors
General Paul Vallely – Former US Army Deputy Commanding General, military analyst, Chairman, Stand Up America
Anthony Ruiz – Founder, Evolution 4.0 Technology
Jack Abramhoff – Former lobbyist and author, “Capital Punishment: The Hard Truth About Washington Corruption”
Rob Kirby – Founder Kirby Analytics, Financial analyst
http://www.davejanda.com/operation-freedom/sunday-november-6-2016
Wear red tomorrow !
If Hillary gets in and she suffers some debilitating illness Bill will be right there to look after the government, much like what happened to Woodrow Wilson. His wife ran the government from his hospital bed after he had a stroke in 1919.
Do they have any dancing nurses in this place while I run the nation’s business. Wet Willy! LOL!
Regarding Copper making any sort of recovery, you need merely look at inflation/deflation ratios, which happen to be very muted. Very likely the irony ought to be that commodities prices will remain stabilized, or rangebound on any dollar decline. You have to remember that should a new financial crisis convene in the markets, then there is no hoping for a a metals rally save the im proving relationship that gold might have with interest rates remaining below inflation, despite the fact that inflation remains low as well.
I am starting to think that I want Hillary to win. Either candidate will be a disaster. The problem is that if Trump wins, then he will get the blame and a new group of socialists will get in and be able to bring in any agenda they want. If the Dems get in with Hillary, then the problems will get blamed on the existing socialist agenda and then maybe we will get a real chance to start over in a few years. I think of it as similar to an alcoholic who needs to reach rock bottom before realizing he really needs to change.
The wild card and big risk is whether Hitlary will get us in to a shooting war or not before she gets tossed out of the play pen.
I should add that I don’t expect either candidate to finish their full term.
Only the status quo wins regardless.
Here’s one reason Trump will lose.
Government Workers Now Outnumber Manufacturing Workers by 9,977,000
(CNSNews.com) – The United States lost 9,000 manufacturing jobs in October while gaining 19,000 jobs in government, according to data released by the Bureau of Labor Statistics.
Hey, just make everyone a gummyment employee!
You forgot to mention the countless ten’s of millions who live on government subsidies because they can only find part time work or no job at all. For many people these days it pays to remain unemployed. In fact you are looked on as being smarter than the guy who holds down a middle class job and struggles to get by. DT
Hey guys, awesome chart from BCA Research:
The rally didn’t do anything in particular for market depth:
Theralase getting destroyed today. Sigh, it never ends. Time to sell a kidney and buy big at these levels.
Jaguar Mining Announces Q3 2016 Results; Produces 25,782 Ounces of Gold
-20% increase in revenue to $33.6 million from 25,317 gold ounces sold at an average realized gold price of $1,328 per ounce.
-Operating cash flow of $9.4 million, representing a 155% increase compared to $3.7 million for Q3 2015.
-Adjusted EBITDA (excluding non-cash items) for Q3 2016 was $14.4 million compared to $6.4 million for Q3 2015.
-As at the date of this news release, 100% of the principal amount of the $21.5 million convertible debentures were converted into approximately 189 million common shares.
Time to get Roger White on the phone for some explanation.
Hi h2o, we are reaching out to Roger for a comment today.
GDXJ just came within a nickel of filling the 10/18 gap:
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=11&dy=0&id=p90293044602&a=483143341
Thanks Cory. I don’t think anything has changed but not a good feeling loosing 30% in one day.
Latest Project Veritas Bombshell: Undercover Journalist In Full Burka Offered Huma Abedin’s Ballot In NYC
Election Official: “But your name is not in the book. For some reason it’s not here, but that doesn’t mean you can’t vote by paper ballot. You just can’t vote by machine.”
Project Veritas Journalist: “So I can vote as Huma Abedin, but just with the paper ballot?”
Election Official: “Whatever you want.”
http://www.zerohedge.com/news/2016-11-07/undercover-journalist-full-burka-offered-huma-abedins-ballot-nyc