Comments on Gold, Oil, Tax Reform, and the USD
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.
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Thanks for the questions Pardu! I will forward this to Rick and see what he has to say…
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.
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.
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.
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?