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1.16.19 - Why Sanders' $15 Minimum Wage Is Irrelevant

Gold last traded at $1,293 an ounce. Silver at $15.63 an ounce.

NEWS SUMMARY: Precious metal prices rose Wednesday on safe-haven buying and a flat dollar. U.S. stocks rose as investors cheered strong quarterly earnings from major banks like Goldman Sachs and Bank of America.

 

 

 

Tech Stocks Are Feeling Trade Pressure

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Tech Stocks Are Feeling Trade Pressure -Fox Business
Swiss America Chairman Craig R. Smith discusses the tech stock rebound today and how long it might last. Smith believes the future of tech hangs on the outcome of trade talks with China and whether or not China will concede to Trump's demands to stop stealing U.S. intellectual property. Watch now...

Eternal Sunshine of the Spotless Mind

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stock exchange 642896 640Eternal Sunshine of the Spotless Mind -Hussman/Hussman Funds
"'Like bubbles on the sea of matter borne, they rise, they break, and to that sea return.' -Alexander Pope. Last week, the stock market recorded the most offensive valuation extreme in history, on the basis of measures best correlated with actual subsequent returns across a century of market cycles....I am aware of no plausible conditions under which current extremes are likely to work out well for investors.

9/11: Somber Tributes & New Monument

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911 memorial 15366730261uHU.S. marks 9/11 with somber tributes and new monument to victims -LA Times
"Americans were commemorating 9/11 with somber tributes, volunteer projects and a new monument to victims Tuesday, after a year when two attacks demonstrated the enduring threat of terrorism in the nation's biggest city. Margie Miller was among the 9/11 victims' relatives, survivors, rescuers and others who gathered on a misty Tuesday morning at the memorial plaza where the World Trade Center's twin towers once stood. She came to the Manhattan site from her home in suburban Baldwin, N.Y., as she does 10 or so times a year, to remember her husband, Joel Miller.

Why Gold is Set for a Brighter Future

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Gold BarsIs gold set for a much brighter future? -The National
"The gold price is set in the Comex futures exchange by the trading of futures contracts and not the amount of gold traded in Dubai, India or anywhere else....Typically it is a rather bewildering place for amateur speculators who generally get their positions wrong, while professional commercial investors control the market. But over the summer a clear pattern has emerged, and one that has almost always come before a very much higher price for gold and silver. Basically, professional investors have all switched to the long side of the market, including the most powerful JP Morgan.

Stocks Face Three Potential Outcomes

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RaginBullStocks Face Three Potential Outcomes: Pretty Bad, Bad and Horrific -Zero Hedge
"The momentum-driven rally that pushed stocks to new all-time highs completely floundered a few weeks ago. What should have been a monster breakout on massive buying power ended up being a feeble push to new highs before stocks promptly rolled over. More and more, that is looking like a false breakout. This opens the door to a SHARP correction downwards...If the US goes the same route as China, the Emerging Markets, industrial metals, and other growth-related asset classes, the S&P 500 could easily collapse to sub-2,600. That's the pretty bad outcome. The REALLY bad one is that the Everything Bubble bursts and we swiftly move into a crisis that makes 2008 seem like a picnic."