Silver is exploding past resistance this morning. Big gains set up an assault on July’s high and an exclamation point that this market, along with Gold and the cryptocurrencies are signaling big trouble ahead for the global economy
Zerohedge’s article from this morning tells you all you need to know about how offside the markets are becoming vis a vis the FOMC’s policy
The implications of John McCain having head cancer are large. It reaches into all corners of geopolitical hotspots.
Expect the U.S. dollar, the Swiss Franc and cryptocurrencies like Bitcoin and Ethereum to be well bid in the coming weeks.
Litecoin, Monero and STEEM will all get overflow bids given the way things have been trading. When valuations become stretched to the upside these and other cryptos will move up and establish new ratios.
Gold and silver will, at first, react poorly on dollar liquidity concerns, as will oil. Once the initial panic is over, they will take off like a stolen McLaren P1.
Show Notes: — A coup is underway in the U.K. to scuttle Brexit — Jeremy Corbyn will not be allowed to run the U.K. —
Show Notes: — Theresa May overplayed her Brexit Hand — Bin Salman overplayed his Trump Hand — Comey overplayed his Hillary Hand — The ECB
— Trump’s Speech to Arab Leaders was a game changer
— His trip to Israel can now build on the foundation for peace started by Putin
— The Saudis are facing economic extinction and needed to sue for peace.
— Angela Merkel is economically illiterate and will destroy the EU
— Iran’s Presidential Vote gave Rouhani a major mandate and was a wake-up call for the Theocracy.
— Gold and Silver need to push higher soon.
— Oil is creating a bull trap, especially Brent.
— Student Debt is punitive and needs to be discharged to clear the market
— but the banks must pay into any Jubilee.
Show Notes for Episode 5: The Trumpire Strikes Back
Trump’s firing of FBI Director James Comey
It’s implications for Trump’s administration
Why Lindsay Graham may be changing his tune
Why John McCain isn’t
And does this mean Hillary Clinton should be looking for hair dye that matches Orange.
Russian Foreign Minister Sergei Lavrov is meeting with both Rex Tillerson and Donald Trump today
Long range implications of these events on the Gold, Silver and Currency Markets.
The Euro and the Yen are both in serious trouble
U. S. Dollar liquidity is very tight and it’s dragging down many different markets.