Loading ...You can’t blame only the Dems for the financial mess in this country when it is the Repubs who have become the party of debt. In December 2017 the Repub leaders in congress pushed through a two-year budget deal that increased spending by nearly $400 billion. Both parties have become financially irresponsible, both parties are a detriment to this country.
Tariffs This time were all on the wrong side with trade in China. Plus their lower tax rates pulling business out. Trumps the only one that’s taken that decades of taking advantage bull by the horns. Demos of course don’t like it or the lower taxes and who knows what kickbacks they get out of us. They sold all our products back to us created themselves a reserve while they put is in further debt by using it to buy bonds. That also puts them in a dependent state they need someone to buy them. Our debt keeps going up. Demos won’t stop till they squeeze every drop of wealth from this country. Russia is a diversion to China on top their excuse and lie to unseat our President.
Now look who we got in finance. M Waters who’s only degree I know if is sociology and a nasty mouth and Cluless Cortez. It’s like a joke.
Well I hope it bounces off the 20 dma and hope you are right.
I guess we’ll see what happens, I have just seen that whenever gold has the chance to selloff it does.
I’d like to be wrong for a change…
“McEwen, confidence”
He meant it starts in a few days … 🙂
Have a great weekend everyone!
#1 Dow jumped 12/26, then
#2 Gold peak Jan 3rd, then
#3 10 year rate jump starting Jan 4th, then
#3 A Dollar bounce starting off the lows of Jan 9th.
Gold held up great (strength) all along since Jan 3rd, $1300 or flat until today. Right on the20 dma line now, it should bounce from here or soon after. This is probably on or near a buy the dip time if prior trends are still intact. (dow down PMs up)
McEwen may be right about confidence returning, unfortunately it’s not returning in MUX
Maybe he should focus more on his company than perma bullish interviews as MUX approaches yet another 52 week low.
Unbelievable.
Sorry but there is no support in pm’s – only resistance. Resistance always holds, support never does.
The other rule of the pm manipulators is that once the pm complex starts to move higher and then stalls, it will always go down and re-trace the move.
This is a typical pm move. A few weeks up in December, followed by flat to down in January, followed by an inevitable correction. Wash, rinse, repeat.
Really disappointing, I was hoping we’d rally at least until the end of January.
It just never ends…
Maybe! Afganastan would be up to task with poppy plants.
Those drugs get through port of entry on southern border. You can or could go into any pharmacy in Mexico and buy morphine and other opiates.
Then you go back over the border after your day out. Yes they still go over the border illegally with back packs filled with drugs. They don’t care about collateral damage to citizens in either country. Drug addiction is bad there. One reason the jails there are hell holes. Full of addicts who openly do drugs and shoot up. No treatment for them there. They let them get drugs and needles inside. If you refused they could think you were a plant you life could be in danger.
The drug problem alone would be enough to justify calling a national emergency to build the wall. Then turn around and ask the Demos why they don’t they want to stop the traffickers?
They need a second check on mutual ground at the ports of entry for our side of border patrol they should have to pass through.
Mexico side try’s but there’s too many of them. They pull in the vulnerable with no other alternative including the old over there.
I’ve been there a few times with friends like was asked to come free trip and food to check on a sick person. One time on the way back one of my friends who was a Mexican national but here legally forgot his card and realized it at the border. I go him through besides he was driving lol it was easy but a little scary. innthe sdke light I guarantee you their driving right through.
Their eyes are fixed on greed and power they want their cut, to hell with the country.
If Nancy was in Italy in the 40s she may have gone by the way of Mussolini.
Both party’s going down. One useless and pure corrupt the other useless some corrupt.
Should be finding support in the $8.50 area. Moving averages have turned down indicating a correction.
rno
Why go there ?the shit Hole of the world ? Its not the vacation spot Id visit,so it must be to SELL access to the US for something they want and politicians can sell .Foreign aid ? A new Drug deal to keep Trump from shutting them down ? A replacement for the Southern Border drug access point about to be closed by the WALL ? Democrats will sell you out in a minute .Trump knows this .MAGA …..My guess would be a new Drug access point ! that democrats can control ….its for sale….Given recent democrat activity Id say Puerto Rico would be a candidate ! just sayin….Whats your guess ? for a replacement of the Southern Border Drug access point that democrats can control and offer for sale !
Thanks a lot Rich, a real eyeopener, I didn’t know all that. That kind of info should be on the TV financial media.
Re Your:
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
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Re my 15:17 1/17 Tariff Propaganda On News Media
Some special interest person, or simply an asshole, stated “Tariffs are costing Americans money. Not China or the corporations”.
Well, if you are an American person or business and you constantly hurt your country off shoring and then importing, maybe you SHOULD be contributing Tariff dollars to your country for a change. Plus, if tariffs are high enough, (good) then the product could be made cheaper at home, more jobs thanks to the higher price.
The transition from bad habits (importing) to good habits (taxing imports) will hurt. No pain no gain.
JPM took. home $32 billion in 2018
Days after JP Morgan’s Q4 earnings missed on seemingly every metric aside from compensation (which came in right at the top of the range), the bank has confirmed that CEO Jamie Dimon earned $31 million in compensation during 2018, a 5.1% increase from the prior year and his second-biggest annual haul ever.
To be sure, while JPM posted abysmal FICC trading results and other results that were “very un-JP Morgan like,” as one analyst put it, the bank notched the highest profit in US banking history in 2018, thanks to Trump’s tax reform plan, which has helped lift earnings across Wall Street (the bank took home $32.5 billion).
“When asked about immigration, he said, “That’s a problem when you’re like, ‘It will be a wall,’ or ‘It will be this,’ or ‘We can only do it with this. . . . The genius is we can nonviolently resolve our differences, though I won’t get to my version of perfect or I, working with you, will get to something better than what we have today. . . . It’s rare that someone’s ever been able to impose their will unilaterally in this country. We don’t want that.”
https://www.ctpost.com/opinion/article/Preseason-is-over-for-Beto-O-Rourke-13542085.php
didn’t protect the South from Northern aggression.
For 72 years, Northern special interest groups used protective tariffs to exploit the South for their own benefit. Finally in 1861, the oppression of those import duties started the Civil War.
So before applauding the wonderment of tariffs remember the 618,000 Americans who died on behalf of Lincoln and his War of Northern Aggression.
There are no fair or free markets – just the rig.
They have to keep the illusion going and the prevent the people from blaming the banksters like they did in 2008-2009.
Regardless, keeping the pm complex from being a viable alternative is the number one priority.
Really bummed about this action, I thought we’d have more than a few weeks in December of rally.
The in yr face lawlessness of the option granters, is a depressing sight, as it means the rest of the casino is equally rigged.
The evidence is overwhelming and all the SEC does is watch porn.
This is one wrecked system.
LOL
Yeah, I’m all loaded up on my SLV, GLD, NUGT, JNUG calls because we’re going to the moon! 🙂
I’m not a chart guy but it looks like we’re going back to $1250 at least. Really, nothing has changed IMHO. Pretty disappointing though.
Come on…that’s negative talk.
You mean you don’t have your boatload of SLV / GDX calls for expiry today?
That’s been a stellar strategy for so long now surely you jest on the negative attitude.
Come on…back up the truck….load the boat…full steam ahead.
Them bankers don’t have their finger stuck on the sell button over at the CME…no really.
Let’s make a bunch of new leveraged bets for the next options cycle cause it’s been a no brainer since 2011.
Chuckle
