Ned Schmidt joined us today. Rates are going higher, but so are gold and silver, the metals as well as the stocks. Generally rising rates are bad for stocks, and Ned doesn't think it will be for them this time. Ned doesn't see a large amount of overhead supply coming in the market to keep prices down. The supply just isn't there according to the COT (commitment of traders report). Therefore, what appears to be overhead resistance isn't really strong resistance. Silver has been giving hints of higher prices all along. Someone major is long silver. It's leading gold. They're using it to hedge their stock portfolios. 18.25-18.50 intra is showing where the trend is heading. There's nothing that Trump can do to keep the market going higher forever, contrary popular opinion. 

Direct download: Ned_Schmidt_21.Feb.17.mp3
Category:general -- posted at: 2:23pm EDT
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Trump's tax plan is due any minute. It certainly can't be worse than what we have now. But how much good can it really do? Tax revenues have been falling since 2012. The odds are favoring a recession sooner rather than later. Will this time really be different? Can Trumponomics prevail? Danielle thinks not and believes that reversion to the mean will always win out. 

Direct download: Danielle_Park_21.Feb.17.mp3
Category:general -- posted at: 1:40pm EDT
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