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Articles by Trader Scott
The Gold Bull Market and Who Needs a Method If You Can't Pull the Trigger
Visit Full Archives at The Entry Points: This post is not meant to be a short-term timing tool (that discussion is there, but unimportant for most people), but a way to understand sentiment. The PMs are a very emotional market. It is very dangerous to get bullish with the crowd on the big rallies. The selloffs quickly ramp up the bearish sentiment. The post below was written a long time ago, and is re-posted into all of the big selling waves in gold. Sentiment shifts/crowd behavior never changes.
Wayback Machine Video - The Great Ronald Reagan, the Awesome Johnny Carson, and the Current Late Night Wusses
For full archives, please visit The Entry Points: There was a time when late night TV talk show comedy was a place for, well, comedy, and civility. Going after all politicians in a talented, witty, smart, well thought out manner is, well, funny. As the great Jerry Seinfeld has pointed out, funny is hard work.
Interest Rate Increases Are Bearish For Gold Is Total Crap
Visit Full Archives At The Entry Points: The current Fed rate raising cycle began on December 15, 2015. And while we all hear the wild claims about what will “obviously” be the different market reactions to the rate increase, let’s stick to the facts. The knee-jerk reaction to an interest rate increase is to sell gold. According to the consensus, rising rates = falling gold prices. But that theory is total crap.
Wall Street Meteorologists React To The Cloudy Jobs Number
Visit full archives at The Entry Points: The March jobs number came out and was well below expectations. It showed there was a major hiring drought, but do not fear. The excuses flooded in as to why we saw a drying up of employment, and the built in excuse is always – the weather. Apparently this type of “climate change” is somehow shocking to Wall Street – but in the summer, it’s hot, and in the winter, it’s cold. Well gee! And in the summer, there are storms, and in the winter, there are storms.
Our Benevolent Politicians
Visit full archives at The Entry Points: The pathway for “government spending” is a truly brilliant scam: The Congress is about to enter silly season, with its regular charade regarding their “deep concern” and the “seriousness” of over-spending. The farcical debt ceiling and shutdown crap is on tap, but we all know the punch line of this joke already. And the American taxpaying citizens will continue to get shafted. The Congress loves spending money. Why? Because it’s our money, not theirs.
The Bubble Boys | Zero Hedge
Visit full archives at The Entry Points: There is a famous Seinfeld episode about an arrogant guy who unfortunately has to live in a bubble. This is the same situation which millions and millions of good people around the world are in. The arrogant central bankers, The Bubble Boys (+ Janet), have created the conditions for speculation to metastasize all over this Planet.
Mickey Mice Investors
Visit our full archives at The Entry Points. Two activist "investor" wusses moaned about Disney CEO Robert Iger's participation on President Trump's business panel. The two wusses chanted that Donald Trump is "racist' and "bigoted". They forgot to incoherently recite that he is also homophobic, Islamophobic, Latinophobic, Afrophobic, etc.
Frexit Fears Mount As European 'VIX' Spike Signals No 'Pre-Brexit Complacency'
The pre-Brexit complacency - echoed by the polls, the media, and the establishment - is absolutely not being repeated ahead of France's looming election. While bond spreads have blown out, investor fear in the European equity options market is considerably worse than pre-Brexit. As Bloomberg's Tanvir Sandhu notes, the spread between April and May Europe stock volatility futures has climbed on French election risks...
The Oscars - Gold Plated And Debased Like The Dollar
Submitted by Jan Skoyles via GoldCore.com, The Oscars – Worth Their Weight in Gold?
Back From Never Gone: CURRENCY WARS
In the previous episode of the currency wars, a few years ago, the Euro-Dollar exchange rate was in the spotlight. This has now completely disappeared to the background and whilst the countries of the Eurozone must be pretty happy with the weak currency (which boosts the export and increases the demand for domestically produced goods), the United States are less than happy as it weakens the position of the country on the export market.
Majority Finds Media Coverage Of Trump Is "Too Critical, Exaggerated": WSJ/NBC Poll
Three weeks after a poll found that the Trump administration was seen as more "truthful" than the news media, a new WSJ/NBC News poll has found that according to a majority of Americans, the media’s coverage of President Donald Trump has been too critical, although the margin is narrow and the split is once again largely down party lines.
More Oil Production and Weakening Gasoline Demand - Oil Market Still in Denial
By EconMatters We discuss the oil market in a comprehensive manner in this video, and lay out why the economics of the oil market are not correctly aligned right now.
Intellectual Intolerance - Stunning Speech From Stanford University Provost Exposes "The Threat From Within"
The Threat From Within Universities are a fundamental force of good in the world. At their best, they mine knowledge and understanding, wisdom and insight, and then freely distribute these treasures to society at large. Theirs is not a monopoly on this undertaking, but in the concentration of effort and single-mindedness of purpose, they are truly unique institutions.
Trump Nominee For Navy Secretary Withdraws
Another Trump nominee for a critical government role has decided to withdraw. After two prior Trump nominees, Army Secretary choice Vincent Viola and Labor nominee Andy Puzder, both removed themselves from consideration for their appointed role in recent weeks citing insurmountable opposition or conflicts, moments ago financier Philip Bilden, a senior advisor at HarbourVest Asia and President Trump’s pick to lead the Navy, was said to become the third Trump appointee to withdraw his nomination.
Pound Tumbles On Report Scotland May Hold Second Independence Referendum
As recently as two weeks ago, a repeat Scottish independent referendum seemed improbable.
#DemExit: Perez Vote Sparks Progressive Panic Within Divided Democratic Party
After contentious debate, the Democratic Party has selected a new DNC chairman: Tom Perez. The choice, however, as TheAntiMedia.org's Nick Bernabe reports, is not being celebrated by everyone in the party. In fact, the progressive so-called “Bernie Sanders wing” of the Democratic Party is up in arms, using the hashtag #DemExit, over Perez’ win.
Mnuchin Manages Expectations On Tax Reform; Warns Trump "Not Touching" Entitlements
'Good cop' Mnuchin appeared to play expectations-manager this morning in an interview with FOX's Maria Bartiromo. After confirming the Trump administration is "not touching" entitlement programs, and having said this week that tax reform is expected by August, he appeared to walk back that hype by saying that President Trump "will be touching on tax reform" during his speech to Congress this week, which Reuters notes, is not an official "State of the Union" address.
Gundlach: Ignore Stocks, "There Is A Stealth Flight To Safety Going On"
Not only is the Trump rally over, but stocks are the last to get the memo.
Index Investing Unmasked: 96% Of Stocks Are Garbage
Submitted by Daniel Drew via Dark-Bid.com, Warren Buffett released his annual letter over the weekend, in which he praised Jack Bogle as his "hero" for promoting index investing. The irony is that investors would have been better off buying Berkshire shares. Over the last 10 years, Berkshire stock is up 139% while the S&P 500 is up 71%. The real question is why Buffett just doesn't tout his own stock rather than promote index investing.
Trump And Russia: Just Pointing Out The Obvious
By Chris at www.CapitalistExploits.at Chairman Trump may well be a child in a man's body - erratic, lacking in finesse, as articulate as a gangsta rapper, contradictory, and missing the cognitive functions allowing one to think before acting. But.. But... he does seem smart enough to have thought a little about Russia. Thought alone is a welcome surprise from Washington. The establishment for their part are fuming! First their rice bowls are at risk, and to top it off they're now publicly mocked.
NY Times: "Every Time Trump Tweets It Drives Our Subscriptions Wildly"
Another day, another skirmish between Donald Trump and the "failing" New York Times. It started early on Saturday morning, when in a tweet Trump slammed the Times' new ad campaign set to air during the Oscars on Sunday night: "For first time the failing @nytimes will take an ad (a bad one) to help save its failing reputation,” the president tweeted." For first time the failing @nytimes will take an ad (a bad one) to help save its failing reputation. Try reporting accurately & fairly! — Donald J.
"It Was A Pretty Disturbing Briefing”: Why State Governors Suddenly Got Cold Feet About Obamacare Repeal
Several days after Goldman Sachs explained in theory why hopes for a quick "repeal and replace" of Obamacare are now extinguished, and even "repair and rename" is looking bad, overnight state governors meeting in Washington got the bad news in practice, when a presentation from Avalere Health and McKinsey warned that the policies proposed by Republican congressional leaders to repeal and replace Obama's signature healthcare law would lead millions of people to lose their health coverage,...
Is The US Restaurant Recession Becoming Structural?
Submitted by Wolf Richter of WolfStreet.com “Flat sales” are now a “welcome change.” The New Normal. National restaurant data and anecdotal evidence has been piling up. “T Vogel,” a commenter on WOLF STREET, put it this way: My wife and I make almost 30k more than the median family income in my town (northern CA) with no kids. Our rent just went up by 1k a month – landlord selling – starter houses are selling at 500k. We are not spending a dime more than needed.
"Welcome To The Next Awakening" - Author Of Steve Bannon's Worldview Explains The Path Ahead
"Where did Steve Bannon get his worldview? From my book..." * * * by Neil Howe via WaPo, Neil Howe is the author, along with William Strauss, of “Generations,” “The Fourth Turning” and “Millennials Rising.” The headlines this month have been alarming. “Steve Bannon’s obsession with a dark theory of history should be worrisome” (Business Insider). “Steve Bannon Believes The Apocalypse Is Coming And War Is Inevitable” (the Huffington Post). “Steve Bannon Wants To Start World War III” (the Nation).
The European Debt Bomb Fuse Is Lit! Target2 Imbalances Hit Crisis Levels
Submitted by Mike Shedlock via MishTalk.com, Eurozone Target2 imbalances have touched or exceeded the crisis levels hit in 2012 when Greece was on the verge of leaving the Eurozone. Others have noted the growing imbalances as well. I had a couple of questions for the ECB regarding Target2, which they have answered, I believe disingenuously. First, we will explain Target2, then we will take a look at various charts, viewpoints, and the email exchange with the ECB.
Ben Stein Unloads on Media, Calls Them 'Unelected Aristocracy, an Effete Corps of Impudent Snobs'
This might've been the last invitation to CNN for Ben Stein -- the former speechwriter for Richard Nixon, media pundit, and legendary actor in pop culture classics Ferris Bueller's Day off and American Pie. Defending Trump's decision to boycott the correspondents' dinner, Stein laid into the media for their unrelenting assault on the President -- trying, in what he said, to do to him what they did to Nixon.
Trump Is Right: "Swedes Are Suppressed By A Religious-Cult-Like Political Correctness"
Submitted by Nick Kamran via LettersFromNorway.com, Last week (18.2.2017), President Trump made the following comment: “You look at what’s happening,” he told his supporters. “We have got to keep our country safe. You look at what’s happening in Germany; you look at what’s happening last night in Sweden.
"There Must Not Be A Bail In": Germany Vows "No Debt Reilef For Greece"
The standoff over the Greek debt crisis was nowhere closer to an amicable resolution on Sunday, when Germany's deputy finance minister Jens Spahn said in an interview with German broadcaster Deutschlandfunk that Greece must not be granted a "bail in" that would involve creditors taking a loss on their loans, reiterating the German government's opposition to debt relief for Athens, and confirming that when it comes to Europe's recently adopted "bail-in" protocols, they "work" in theory, but...
2017 Economic Headwinds: Housing Bubbles Popping up and Just Plain Popping Everywhere
As we enter 2017, housing bubbles are showing signs of bursting all over the world. I know I’ve been promising I would lay out the economic headwinds for 2017, but 2017’s headwinds are building so fast and furious that I’m having to break that promised article out into several articles, as I’m accumulating material faster than I have time to cover.
Stockman: "After March 15 Everything Will Grind To A Halt"
Two weeks after David Stockman warned that "the market is apparently pricing in a huge Trump stimulus.
Iran Holds Massive Naval Drill Over 2 Million Sq. Kilometer Area
With little active US presence in the region (see latest naval map below), on Sunday Iran launched a massive naval drill at the mouth of the Gulf and the Indian Ocean.
In The Market For An Oil Tanker? You Can Buy It On The Chinese Ebay
Submitted by Zainab Calcuttawala via OilPrice.com, Online marketplaces are just for buying and selling the everyday consumer goods anymore - think bigger: The Chinese government has just auctioned off a nearly US$12-million oil tanker on Taobao, its version of eBay or Alibaba. A Maltese company just purchased an $11.8 million oil tanker from the Chinese online sales website Taobao, according to the Xinhua news service.
Truth... Hurts | Zero Hedge
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White House Launches Surprise Phone Checks On Staffers To Find "Leaker"
In yet another ironic twist, the process (including random phone checks overseen by White House lawyers) by which Sean Spicer is cracking down on leaks from The White House has been leaked to Politico. The push to snuff out leaks to the press comes after a week in which President Donald Trump expressed growing frustration with the media and the unauthorized sharing of information by individuals in his administration, and as was leaked to Politico...
Goldman Perplexed By The "Relentless Bull Market"
It has now become a weekly ritual: Goldman warns the market is overvalued and poised for a selloff, market proceeds to ramp to new all time highs.
Vehicle Plows Into New Orleans Mardi Gras Parade, Injuring 28; Driver In Custody
At least 28 people were injured on Saturday evening after a pickup plowed into a crowd during a Mardi Gras parade in New Orleans, police said according to WDSU. New Orleans Police Department spokeswoman Ambria Washington says that "initial reports show so far that about a dozen people are in critical condition." She says that number could increase as the investigation continues.
After Trump Trolls Perez On Twitter, New Democrat Leader Vows To Be "Trump's Worst Nightmare"
For an indication of the current state of US political discourse, look no further than twitter. Shortly after Democratic establishment favorite Tom Perez defeated Keith Ellison as the new DNC Chair, the Republican National Committee issued a statement slamming Democrats for being out of touch with the American people, a sentiment shared once again by many Bernie Sanders supporters, who say the loss of Ellison as a symbolic perpetuation of the status quo.
"Where Does This Crisis End?" - Kurt Schlichter Lays Out The Left's Violent Endgame
Submitted by Kurt Schlichter via Townhall.com, The Democrat Party, its Media serfs, and Social Justice Incorporated are all outraged because we uppity normals are again presuming to rule ourselves, and their agony is delightful. Less delightful is how, in the process of trying to claw their way back into power, they are incinerating the norms and rules that preserve our political order. That stuff Hillary babbled about honoring the legitimacy of elections? Yeah, no.
Most Illegal Immigrants Live In America's Metropolitan Areas
Having exposed $27 Billion reasons why a number of America's city officials are up in arms over President Trump's sanctuary city defunding decision, we thought it worth investigating just where the most illegal (or undocumented or unauthorized - pick your politically correct term) immigrants reside in America.
Nexit Looms - Dutch Parliament To Debate Leaving The Eurozone
Submitted by Michael Shedlock via MishTalk.com, Potential Eurozone disruption possibilities keep compounding. For example, the Netherlands Parliament will now debate leaving the Eurozone.
Trumpocalypse: Liberal Ivory Tower of Academia collapsing
Universities in America have typically been dominated by a liberal bias. Why is that? Because, working for a University is sort of like working for the Government. There is reason for the expression, those who can't do - teach. Grow a 2nd brain - understand why by reading THIS BOOK. The mindset of employees at such insitutions is quite different than one might think. We're not going to name any names in this essay; this isn't about a person or individual University.
JPMorgan Explains What Causes The Market's 3:30pm Ramp
While over the past several years many have observed the peculiar last half-hour ramp in the stock market, leading to a variety of amusing knock-off phenomena, perhaps nowhere was it more noticeable than what happened on the last two Friday afternoons, and especially the most recent one when with the market down notably going into the last 30 minutes of trading, the Dow soared in the last minute, turning green with 7 seconds of trading left, continuing the streak of 11 consecutive all time...
Watergate's Bob Woodward: "Press Shouldn't Whine About Trump, It Doesn't Work With The Public"
Infamous Watergate reporter Bob Woodward had some uncomfortable words for the mainstream media's safe-space-seekers. Following a tempestuous few days as the media and the White House toss propaganda grenades at one another, on Friday's broadcast of MSNBC's "Hardball" show, the Washington Post Associate Editor stated that: the press “shouldn’t whine, and if we sound like we are an interest group only concerned with ourselves, it doesn’t work with the public.
Gold, 10-Year Bond, Dollar Into FOMC (Video)
The “climate” scheme/racket has been built around fraud.
Charts Of The Week: 10 Reasons To Be Cautious In This Market
Submitted by Lance Roberts via RealInvestmentAdvice.com, Visualizing 10-Reasons For Caution Just recently, David Rosenberg in a recent research note, laid out 10-reasons to be cautious in the market. I thought it would be useful to look at each of these in a visual form to get a better idea of what he is addressing. The obvious reason to look at these indicators is that market records are records for a reason. As I wrote previously: “First, “record levels” of anything are records for a reason.
The U.S. Nuclear Energy Dream Is Dying
Submitted by Michael McDonald via OilPrice.com, The United States was once a projected leader in the nuclear energy race. In the 20th century, the world dreamed of finding a way to provide safe, cheap, and renewable energy, and nuclear power seemed to be the manifestation of those dreams. All of this, however, seems to be coming to an end. This past week, Toshiba decided to sell its American nuclear power subsidiary at a $6 billion loss.
Oscars Preview | Zero Hedge
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Hillary Clinton Calls For 'Resistance': "We Need To Stay Engaged... I'll Be With You Every Step Of The Way"
Submitted by Mac Slavo via SHTFPlan.com, Last month we noted that Hillary Clinton is looking to start her own “fabulous” TV show in an effort to remain relevant following a disastrous Presidential election loss in 2016. The show, according to an insider, would be “completely controlled” and will likely focus on undermining the efforts of President Donald Trump, while whipping her supporters into a frenzy.
America's Fentanyl Crisis "Is Surging, With No End In Sight"
Having surpassed gun homicides for the first time in 2015, the epidemic of heroin and opioid related deaths in the US continues to grow. Amid the dismal failure of the 'war on drugs', it seems US lawmakers are finally waking up to reality, and are pressing the nation’s drug czar for more data on the dangerous synthetic opioid fentanyl, including how it is trafficked and how many people it has killed, in the latest effort to thwart a spiraling drug crisis.
Darrell Issa Demands Special Prosecutor Probe Trump-Russia Connections
Republican congressman Darrell Issa - who Trump called "a very good man" during the campaign - called Friday for a special prosecutor to oversee the investigation into Trump associates' contacts with Russia. Three months ago, then Donald Trump tweeted... .@DarrellIssa is a very good man. Help him win his congressional seat in California. — Donald J. Trump (@realDonaldTrump) November 1, 2016 We suspect he has a different opinion today. VIDEO Rep.
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