Kerry Lutz's--Financial Survival Network

Every major democrat candidate is anti-gun and anti-second amendment. Former NYC Mayor Michael Bloomberg has been unrelenting in his war on the right to self-defense. But there's hope. A case pending before SCOTUS could scrap New York City's obviously unconstitutional gun control scheme. The limitations are so oppressive, draconian and overbearing that virtually no one can get a concealed weapons permit. 

Sometimes you watch a market for years and it just changes before your very eyes. Such is the case with the gold market according to our great friend Gary Wagner. The fundamentals have been picking up for several years, but now it's time for the technicals to follow suit. We've seen a rally take place in the last week. Right now it's stuck at that $1350 resistance point. But clearly, it's getting ready for a major move in the not too distant future. Perhaps it won't make it now, but wait till the end of the year. 

Just a few short months ago we were assured by the Fed that rate increases would be continuing into the future. Now we're looking at rate cuts, perhaps as early as 2 weeks from now. What's driving the Fed and are they trying to recover from a huge mistake or are they making an even bigger one now? Often trying to decipher the Fed's moves is as bad as trying to predict women's fashions. Rising hemlines and plunging necklines, you never know till you see the cover of Vogue. 

Eric Hadik is predicting a 3 month correction but what comes next? Perhaps some consolidation and getting ready for the next decline. NASDAQ and Tech Stocks plunged but stopped at support. A little short term bounce and then it's on to another sell-off down the road, with some whipsawing in between. Gold's been up a bit and may well continue on until the summer. Oil was down as expected. Interests rates have been headed down also as expected. We may have hit cycle lows there as well. Dollar, continues strong with perhaps a slight decline from current levels. Time to sit back and wait for the next major move. It's probably several months down the road. 

I contributed $1 to the Comrade de Blasio campaign, but there's a reason. No I don't support his run for president, but rather for comic relief purposes, I think de Blasio is an infinite source of comic material. Is London becoming San Francisco. The place has become a complete hellhole. President Trump was in another tif with London Mayor Sadiq Khan. Trump likened him to a height challenged de Blasio. Khan's latest brainchild is banning all kitchen knives from London. We'll see about that. 

Trump imposed tariffs on Mexico and almost immediately the price of gold spikes $35. Should we all be surprised. Is this the final straw? How much more can the economy withstand? Perhaps this is what it takes to create a new economy. But it's incredibly to all the current participants of the current paradigm. What's a globalist to do? One thing is for certain, there's no stopping it now. 

Joseph P. Duggan writes, "Terror Attacks on Saudi Oil Operations Expose the Folly of Rubio and Graham’s Moralism. Tanker ships and the strategic pipeline of Aramco, the world's largest oil company, suffered terrorist attacks last week. Aramco has the monopoly on all Saudi Arabian oil production and is wholly owned by the Saudi government, the United States' most powerful ally in the Middle East. The attacks at sea and in the heart of Saudi Arabia coincide with the upcoming public release of President Trump's Arab-Israeli peace plan, for which Saudi Arabia and Israel already are signaling support. Iran or its allies are suspected of responsibility for the attacks." So breaking off all relations with the largest oil producer in the world in the name of morality makes perfect sense, right?