Mon, 15 January 2018
Somewhere out there is an event or major trend change that will take gold from 1300 to 10000. Then the COT (commitment of traders report) won't matter. You don't want to go all in on a minor technical move that causes you to miss the big move. If you miss it you'll feel stupid for the rest of your life. That's why it's so important to retain your physical holdings as an insurance policy for the inevitable move. |
Mon, 15 January 2018
During the election in 2015 Hillary Clinton wanted some insurance and so did Peter Strzok. The senior FBI figure, who had participated in the Hillary e-mail investigation, interviewed Flynn and had been part of Team Mueller, wasn't looking to State Farm for his insurance needs. Chatting with his mistress, an FBI lawyer who worked for Deputy FBI Director Andrew McCabe, Strzok worried that Trump might win. “I want to believe the path you threw out for consideration in Andy’s office - that there’s no way [Trump] gets elected - but I’m afraid we can’t take that risk,” he wrote. “It’s like an insurance policy in the unlikely event you die before you’re 40.” And thus the scheme was hatched. It went on after the election and its purpose was to undermine President Trump's presidency. |
Mon, 15 January 2018
The economy is starting to blaze. Christmas retail sales were way up, but that increase came from online, not same stores. Home oriented retailers and value based retailers are expanding rapidly. Discounters are crushing it. But there's a residue of many employees who will be phased out by automation. And 10's of thousands of stores that will be shuttered. The industry restructuring will proceed ahead for the next decade. We'll be left with just a portion of the labor market left in retailing. Retraining will only go so far. This is just the beginning. Household names will disappear. There will be a mass redeployment away from retailing and into more profitable and productive sectors of the economy.
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