Industrial Production Disappoints For 15th Straight Month - Longest Non-Recessionary Streak In 100 Years
Head Of US Pacific Fleet Ready To Confront Beijing As China Warns Of US Carmaker Penalty For "Monopolist Behavior"
There is circumstantial evidence that the Washington Post, the New York Times, and the rest of the presstitute media are part of a conspiracy with the oligarchs, the military/security complex, the Hillary Democrats, and neoconized Republicans to shut down the dissident Internet alternative media and to deny Donald Trump the presidency.
Consider the brand new website PropOrNot and its fake news list of 200 Internet Russian agents. PropOrNot is a website hidden behind multiple screens as would be an offshore tax avoidance scheme. In other words, no known, responsible entity is behind the site, which has libeled 200 other websites, or if it is, it is too ashamed of what it is doing to be associated with it publicly.
The Hot Money returns, bets on Oil Nirvana.
The costs of borrowing for the US government are jumping. On Monday, the US Treasury auctioned $34 billion of three-month bills at a discount rate of 0.53%, the highest since October 2008.
These short-term bills sell for less than face value and are redeemed at face value. The difference is the yield for investors. For a three-month bill with a face value of $10,000, the price was $9,986.60. Holding this bill for three months until redeemed will make investors $13.40 in yield. That’s an annualized rate of 0.538%.
I was chatting with a good friend who works at a pension fund. He said that pensions are historically overweighted in stocks right now. But it looks like the latest push higher in the stock market is coming from hedge funds, who apparently missed a large portion of the “Trump rally.” We determined that the best reason to invest in stocks for both pension and hedge funds is “to avoid looking like an idiot.”
That’s it – that’s the “fundamental” justification for investing in stocks right now is because everyone else is and if your portfolio on Dec 31 is underweighted in stocks you’ll look like an idiot.
From the moment Donald J. Trump got elected as the next President of the United States, on November 8, 2016, the price of gold tumbled 8 % in the remainder of the month – from $1,282 USD/oz to $1,178 USD/oz. Usually these cascades in the gold price go hand in hand with physical sell-offs in the West and strong demand Asia. It appears November has been no exception. The volume of physical gold withdrawn from vaults of the Shanghai Gold Exchange (SGE) in November accounted for 215 tonnes, the highest amount in ten months. Year to date SGE withdrawals have reached 1,774 tonnes.
There have been rumours in the gold space about the People’s Bank Of China (the PBOC) curbing gold import into the Chinese domestic market in response to capital flight. Although my sources have confirmed these rumours, Chinese gold import in November was still very strong at an estimated 140 tonnes. I don’t expect the PBOC will halt gold import all together.
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
Global financial repression has picked up steam. Australian citizens are likely the next victim.
AU News reports Government Floats $100 Note Removal.
SAY goodbye to the $100 note.
Australia looks set to follow in the footsteps of Venezuela and India by abolishing the country’s highest-denomination banknote in a bid to crack down on the “black economy”.
The major news out of Trumpland this week was his selection of ExxonMobil CEO Rex Tillerson to lead the State Department. Tillerson has sparked a bit of backlash, mainly revolving around his close relationship with Russia and Russian President Vladimir Putin. Indeed, ExxonMobil has some high-profile drilling projects at stake – Exxon could presumably proceed with a major project in the Russian Arctic if U.S. sanctions on Russia were removed, which should present some conflicts of interest during Tillerson’s confirmation hearings.
Two major clinical trials have reportedly reaffirmed the effectiveness of psilocybin, a naturally occurring psychedelic found in 200 varieties of mushrooms, in treating mental illness.
Earlier this year, researchers at London’s Imperial College found that after one week of high doses of psilocybin, twelve study participants no longer suffered with depression or self loathing. Eleven weeks later, five of them no longer had any lingering depression symptoms.
U.K. researchers had to go through a protracted amount of red tape to gain permission to administer the psilocybin capsules, however, given that magic mushrooms are illegal in most countries.
When word leaked that Exxon CEO Rex Tillerson, a holder of the Order of Friendship award in Putin’s Russia, was Donald Trump’s choice for secretary of state, John McCain had this thoughtful response:
“Vladimir Putin is a thug, a bully, and a murderer and anybody else who describes him as anything else is lying.”