Hillary for Prison 2016...
"Wrong Way Gartman"
I hope she is packing for PRISON...
Huffington Post Ends Editor's Note Calling Trump "Serial Liar, Rampant Xenophobe, Racist, Misogynist"
We may not know for a fact who will win the US election, but what we do know is that the Credit Cycle has turned. This will turn out to be more important in the near term, once the expected US Election market gyrations have subsided!
CREDIT CYCLE HAS TURNED
It’s time for investors to refocus on the banks who live via the credit cycle, and specifically the troubled EU Banking sector.
When the Credit Cycle turns, those banks most over-extended always “pay the piper”!
The Fed likes the word “credit.” Sounds less onerous than “debt.”
Consumer debt rose by $19.3 billion in September to $3.71 trillion, another record in a five-year series of records, the Federal Reserve’s Board of Governors reported on Monday. Consumer debt is up 6% from a year ago, at a time when wages are barely creeping up and when consumer spending rose only 2.4% over the same period.
This follows the elegant principle of borrowing ever more to produce smaller and smaller gains in spending and economic growth. Which is a highly sustainable economic model with enormous future potential, according to the Fed.
Most Americans assume that their votes decide who the next president will be, but that is actually not the case. It is the Electoral College that will elect the next president, and they don’t meet until December 19th. And the truth is that all of the members of the Electoral College never meet in one place. Rather, electors gather together in all 50 state capitals on the second Wednesday in December, and it is at that time that the next president and vice president are officially elected. Of course members of the Electoral College have voted according to the will of the people about 99 percent of the time throughout our history, but with how crazy this election has turned out to be you never know what might happen. For example, later on in this article you will see that one elector in Washington state has already publicly stated that he will not cast his vote for Hillary Clinton. If other “faithless electors” emerge, that could potentially change the entire outcome of the election.
from Harvey Organ:
It seems that Shanghai pricing is higher than the other two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex.
Also why would mining companies hand in their gold to the comex and receive constantly lower prices. They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.
Read More @ Harveyorganblog.com