Gold Bugs Index Attempting 8-Year Breakout

by Chris Kimble Are Gold Bugs fans about to receive positive news they haven’t had in years? Possible! This chart looks at the Gold Bugs Index (HUI) on a weekly basis over a couple of decades. The index has spent the majority of the past 20-year inside of rising channel (1). The index hit the top of … Read more

JACK DUNPHY: As Summer Shooting Season Commences in Chicago, Mayor Lori Lightfoot Picks a Fight with Police.

via pjmedia: Appearing on a local cable news show on May 30, Lightfoot made the astonishing allegation that the Chicago Fraternal Order of Police, the union representing rank-and-file officers, had instructed its members to be passive when dealing with crime over the Memorial Day weekend. “But you know,” she told interviewer Ken Davis, “there were rumors floating around … Read more

Protest march continues in Hong Kong

https://www.youtube.com/watch?v=Nk7OMysVenM The energy at the march in #HongKong today feels triumphant and defiant. Protestors are unified in their calls. They're demanding Carrie Lam step down, that she withdraws the extradition bill and that police "stop using violence against students." #LockhartRoad pic.twitter.com/vI1RWZK1h6 — Natasha Khan (@natashakhanhk) June 16, 2019

1994 Rulebook: a ‘Prophecy’ for America? “That’s some prophet shit right there.” ***1994 Date VERIFIED***

1994 Rulebook a ‘Prophecy’ for America? Omnispleesh @El_Cilantro @Flamencotrs @TheGatorGamer Written in 1988 rulebook for the tabletop RPG Cyberpunk 2020. That’s some prophet shit right there. ‘Prophecy’: @Flamencotrs @TheGatorGamer Written in 1988 rulebook for the tabletop RPG Cyberpunk 2020. That's some prophet shit right there. pic.twitter.com/kgUOYC1Hp3 — Omnispleesh (@El_Cilantro) June 15, 2019 (‘Prophecy’ at the … Read more

TheHill: DOJ gone wild: Officials caught shoplifting, lying, leaking, using pot … but escape prosecution

One was caught red-handed engaged in nepotism. Another, a lawyer no less, admitted to shoplifting at a Marine barracks store. A third leaked sealed court information to the news media. And a fourth engaged in fraud by turning a government garage into a personal repair shop. Four cases, all solved in the past month, with … Read more

Amazon is shutting down its Amazon Restaurants delivery service in the US

via QZ: Amazon plans to shutter its four-year-old Amazon Restaurants delivery service in the US this month, GeekWire reported June 10. The service, which launched in Seattle in 2015, had expanded to roughly two dozen US cities and London. Amazon closed Amazon Restaurants in the UK in December 2018, after two years of operation. Amazon started the food-delivery … Read more

JPMorgan: “Significant Risk” Is Coming Next Week…

With arguably the most important two weeks of the year looming, on Friday Bank of America’s Chief Investment Officer, Michael Harnett, laid out a 2-by-2 matrix summarizing the four possible scenarios that could result from the Fed’s announcement next week, and the G-20 meeting on June 28-29, where there is a chance (if minuscule) that Trump … Read more

Chinese state media warns retaliation against US tariffs could ‘become routine’

via scmp: Taoran Notes commentary also seeks to play down expectations over possible meeting between Xi Jinping and Donald Trump in Japan later this month It says Beijing is showing its determination when it comes to ‘genuine battle preparations’   Chinese state media has warned the countermeasures Beijing is taking against Washington’s increased tariffs and technology … Read more

This is incredibly bullish for gold

Incredibly bullish for gold. Real yields inverted have broken out of their six-year downtrend. Confirmed by yield curve inversions and new Fed easing bias. pic.twitter.com/thJgM13odf — Kevin C. Smith, CFA (@crescatkevin) June 14, 2019

Modern market crashes are instances when many smart people forgot key lessons

via @RadicalAdem: • markets that generate attractive returns come w/ a higher risk of loss. • liquidity dries up when needed most. • markets are most vulnerable when overleveraged. • Low Vol breeds High Vol.   • New financial contraptions – such as MBS’s, CDO’s, CDS’s, CLO’s, portfolio insurance, etc – might solve immediate problems and … Read more

“The US Is On Course To Test Just How Much It Can Borrow”

Grant’s Almost Daily, submitted by Grant’s Interest Rate Observer Recovery room On Wednesday, the U.S. Treasury reported that Uncle Sam’s May deficit totaled a record $208 billion, bringing the 2019 year-to-date (the fiscal year begins on Oct. 1) shortfall to $739 billion. For context, full-year 2018 and 2017 saw gaps of $779 billion and $666 billion, … Read more

Mile Markers On The Road To Trump

CNN’s Jim Acosta recalls ‘quaint’ Romney gaffes, including one that wasn’t a ‘gaffe’ at all: For many voters on the Right (myself included), the “binders” moment served as further proof that it does not matter who the GOP submits as its presidential nominee. He can be as kind and decent as Romney, and Democrats and … Read more

Trade War Nightmare Causes Collapse In Demand For US Industrial Space, Says Cushman & Wakefield

via Zerohedge: The latest Cushman & Wakefield commercial real estate report shows demand for US industrial space collapsed 60% on year in 1Q19, reflecting the global synchronized decline and the deepening trade war. Cushman & Wakefield’s economists warned President Trump’s trade war is unraveling complex supply chains around the world that have led to a slump in demand … Read more