Loading ...Seems to be a daily event with no end in sight. Dollar is flat though. 10 yr up another 3 bips above 4.27% now. Nobody seems to notice.
Oil getting pounded, down over 6% to $67.36. PM’s taking it on the chin a little, with silver down over 1%. PM’s rallied a bit in the AH’s on Friday so the losses in the GLD and SLV aren’t as bad as they look in the spot market. SM is rallying like there’s no tomorrow.
Interestingly enough, the pm shares don’t look horrible yet. They are down a little, but barely, maybe propped by the SM?
I’m afraid that this is what the “Trump trade” looks like. Markets see the same thing we do, he’s winning hugely. In fact, depending on the level of cheating, Republicans should clean house, and this will be the red wave that was expected in the last two elections. Trump is winning the popular vote by 3% nationally. That’s only happened for Repubs once since 1988. Bush did it in 2004 against “horseface” John Kerry, the current climate fascist.
I understand the oil trade, because he’ll turn on the spigots. Not sure I understand the pm trade at the moment though, but whatever. I suppose this is probably how things will go all week, unless there is some sort of “event” that takes place.
It’s so funny, you’d think the Republican leadership would be so happy that they finally have a leader that knows how to win and is interested in really changing the DC cesspool, but nope, the RINO’s despise him even more because he’s about to take away the trough the pigs all feed from.
All this being said, if Trump does win, the Demons, RINO’s and deep state scum will look to undermine and tie up the election results with lawfare and all sorts of chaos, including burning down blue cities again. I also think they’ll burn down the economy and probably start a wider war. Trump will be left with an utter mess, but he’ll have the people behind him. The other thing I’ll say is that the more I hear JD Vance, the more I like him. He’s no Mike Pence, that’s for sure.
Armstrong is probably right. Trump will be the last president before the country is broken up.