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Comments on Gold, Oil, Tax Reform, and the USD

Cory
November 8, 2017

Rick Ackerman is with me this week to look at the gold, oil and USD charts. We also assess the impact the of any tax reform and how it could impact the US markets. As a deflationist Rick is able to look at the charts and shares his thoughts on how some of the moves are not going along with his overall narrative.

Click here to visit Rick’s site to learn more about his technical trading platform.

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Discussion
5 Comments
    Nov 08, 2017 08:43 AM

    Rick, you have been predicting a long term deflation scenario and that will bring about flat wages, a coach in home prices and such. In such a scenario, with inflation in food, fuel etc. how do you see the PM’s. Will they likely rise or will they fall as well with perhaps a rise later?

      Nov 08, 2017 08:09 PM

      Thanks for the questions Pardu! I will forward this to Rick and see what he has to say…

    Nov 08, 2017 08:15 PM

    It Begins: Pension Bailout Bill To Be Introduced This Week

    Democratic Senator Sherrod Brown from Ohio plans to introduce legislation that would allow struggling multiemployer pension funds to borrow from the U.S. Treasury to remain solvent.

    http://www.zerohedge.com/news/2017-11-08/it-begins-democratic-senator-introduce-bill-taxpayer-funded-pension-bailouts

    Nov 08, 2017 08:18 PM

    Satellite Images Reveal Saudis May Be Lying How Much Oil They Have In Storage

    While Saudi Arabia has reported to Jodi that its oil stocks have declined by about 70 million barrels since early 2016, Orbital’s satellite imaging analysis suggests the above-ground tanks have actually seen inventories rise marginally over the same period.

    http://www.zerohedge.com/news/2017-11-08/satellite-images-reveal-saudi-arabia-may-be-lying-about-its-oil-storage

    Nov 09, 2017 09:56 AM

    The market is about to fall hard and I took profits on everything except URA uranium etf which is up 9.6% or 16% from my cost.