Powell’s comments to Congress, US/China trade updates, and the recent action in gold

November 13, 2019

Chris Temple joins me today to recap some of the news over the past couple days and touch on Powell’s comments to Congress so far today. With some of the US/China trade optimism waning, thanks to Trump’s recent comments, the markets have not been selling off as expected. We discuss what is holding the markets up and if the move out of the safety assets is now over. This ties into the gold selloff and ability to hold $1,450. As for Powell’s comments there are a couple points to note so far.

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    Nov 13, 2019 13:49 AM

    aLTHOUGH JAMIE DIMON WILL NOT SERVE TIME, I’m hearing the DoJ is considering criminal indictments that could involve jail time for the actual traders.
    (I’m not holding my breath, though, since this is an international crime.)

    Nov 13, 2019 13:03 AM

    This paper is saying the U.S. is NOT over-extended financially.

    I don’t totally agree. While growth rate of consumer borrowing has dropped, I place the cause as the consumer being tapped out.

    Nov 13, 2019 13:10 AM

    It is fairly clear that the iron boot of authoritarian China is pressed hard on the neck of Hong Kong.
    I don’t think the rulers of Mainland China considers ANYTHING more important than preserving it’s control of power.
    Hong Kong protesters will die before China gives up power, despite any economic damage it may cause. News of protests in HK is being totally massaged in Mainland China.

    Nov 13, 2019 13:13 PM

    Meanwhile in D.C. millions of more dollars are wasted.

    Nov 13, 2019 13:11 PM

    Exposing John Brennan’s CIA Trump Task Force

    There is considerable evidence that the American system of government may have been victimized by an illegal covert operation organized and executed by the U.S. intelligence and national security community. Former Director of National Intelligence Jim Clapper, former CIA Director John Brennan and former FBI Director Jim Comey appear to have played critical leadership roles in carrying out this conspiracy and they may not have operated on their own. Almost certainly what they may have done would have been explicitly authorized by the former President of the United States, Barack Obama, and his national security team.

    Nov 13, 2019 13:41 PM

    Priceless if video will quit buffering because of high demand…

    Nov 13, 2019 13:53 PM

    WOW : my nephew who was a very strong Trump supporter[even the hat] Is now looking for a new younger and dynamic REPUB cqndidate for PRES . I am still for AMY Klobuchar . I think todays hearings were slightly to the DEMS favor but not by much. Really like to see BOLTON testify. love to you all S

    Nov 13, 2019 13:05 PM

    rh is a paid contractor (troll) for the ‘agency’.
    So yeah, a smarter nephew would fit.

    Impeachment explained (in simpleton terms)

    Nov 14, 2019 14:43 AM

    $VET During an auction in Hong Kong on May of 2019, 7 bricks of old Pu’er vintage lot weighing 2320 grams (Lot 128 Hundred Year SongYu. Blue Label) fetched over 15.6 million HKD or $2.0 Million U.S. Dollars.