America Remains the Land of Opportunity. For Everything Else, There’s Gold

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by Frank Holmes, CEO, U.S. Global Investors In 1967, a woman then known as Svetlana Alliuyeva arrived by plane in New York. Moments after landing, she held a press conference during which she renounced her native Soviet Russia, describing it as “profoundly corrupt.” She burned her Soviet passport and called her father—who had died in … Read more

Is This “The Top” For The US Stock Market?

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by Charles Hugh Smith via Of Two Minds Parabolic moves end when the confidence that the parabolic move can’t end becomes the consensus. The consensus seems to be that the stock market is on its way to much higher levels, and soon. The near-term targets for the S&P 500 (SPX, currently around 3,235) range from 3,500 to 4,000, with … Read more

Iran retaliates, China cancels, and yuge jobs report miss by Friday?

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https://twitter.com/hks55/status/1214362983574495232 China will not increase annual grain import quotas to accommodate higher US farm purchases: China Vice Agricultural Minister via Caixin So a Phase 1 deal is physically impossible — zerohedge (@zerohedge) January 7, 2020 Fmr. Amb. Susan Rice says that killing Gen. Qassem Soleimani doesn't eliminate the threat of an imminent attack from Iran: … Read more

RUSH: Nobody has to tell anybody what the American left is or what the modern-day Democrat Party is because they are out there informing everybody.

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via rushlimbaugh RUSH: Well, that was one heck of a Christmas break. And I’ve been chomping at the bit to get back here. I’ve had to revise my opinion of Twitter. Yes, I have. I’ll explain it in a minute. So what happened? The president kills a well-known terrorist who is responsible for the death of … Read more

@EsperDoD says memo on withdrawal is not accurate “there’s been no decision whatsoever to leave Iraq.”

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BREAKING: @EsperDoD says memo on withdrawal is not accurate “there’s been no decision whatsoever to leave Iraq.” pic.twitter.com/52DDhSIIQ2 — Tara Copp (@TaraCopp) January 6, 2020   Just in: Responding to questions about a reported letter from TF-Iraq @EsperDoD says there has been “no decision whatsoever to leave Iraq.” Says he has seen the letter but … Read more

Kellyanne Conway: I am not going to be lectured by people who voted affirmatively to fork over $130 billion in cash to Iran which helped to fund the Quds force. I don’t think it went to economic development or women’s freedom and liberation, do you?

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  Barack Obama later told reporters this was not a ransom payment. Obama lied. Former US Iranian Hostage Saeed Abidini told FOX Business Network today the Iranian regime WOULD NOT let his plane leave Tehran until the ransom plane arrived. Kellyanne Conway: I am not going to be lectured by people who voted affirmatively to … Read more

Trump doubles down on threat to Iranian cultural sites

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Someone should tell Trump that “cultural sites” are not viable military targets and that it is actually a war crime under the geneva conventions to target such sites for non-military reasons. Trump doubles down on threat to Iranian cultural sites, demands Iraq pay for U.S. base President Donald Trump dug in Sunday night on his … Read more

Disney’s streaming business is already worth more than $100 billion alone, investors believe

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https://www.cnbc.com/2020/01/06/disneys-streaming-services-worth-over-100-billion-investors-believe.html The market is valuing Disney’s streaming business at $108 billion, according to Barclays. Disney announced that it gained 10 million subscribers in the first day of Disney+. Shares of Disney are up about 6% since the new streaming service launched.

IF YOU LIKE THE LAW YOU PASSED, YOU CAN KEEP IT!

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  Democrats’ worries grow as ObamaCare court fight drags on. A federal appeals court ruling on a case threatening ObamaCare is raising the stakes for the health law and the Supreme Court in the 2020 election. ObamaCare supporters worry the law could be in jeopardy if President Trump is reelected and gets the opportunity to appoint another … Read more

$VIX 46

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by northmantrader A brief follow up to the $VIX discussion in this weekend’s 2020 Vision market update: US markets experienced two major volatility events  with $VIX running above 40 twice during the past 4 years: 2015 and 2018. In both cases the $VIX spiked into the high 40’s. Charts suggest another volatility event of such magnitude may be … Read more

Goldman Sachs: This Oil Rally Won’t Last

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By Tsvetana Paraskova Although oil prices hit a seven-month high on Friday and continued to soar early on Monday, these high price levels are unlikely to persist for long if global oil supplies are not disrupted, Goldman Sachs said in a note on Monday, carried by Bloomberg. Oil prices surged on Friday, following the assassination of Iran’s most powerful and … Read more

FLASHBACK: Obama’s Breathtaking Expansion of a President’s Power To Make War.

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  Future historians will ask why George W. Bush sought and received express congressional authorization for his wars (against al Qaeda and Iraq) and his successor did not. They will puzzle over how Barack Obama the prudent war-powers constitutionalist transformed into a matchless war-powers unilateralist. And they will wonder why he claimed to “welcome congressional … Read more

I sure am glad that I own gold…

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by Alina The price of gold is up nearly $100 since Christmas, reaching around $1,575 per troy ounce as I write this letter. This most recent price bump is due to the panic over Iran. But the gold price is up nearly 20% over the last year, so there have obviously been plenty of other … Read more