from The Money GPS:
IMPEACHMENT TRIAL BEGINS TODAY
by Harvey Organ, Harvey Organ Blog:
IMPEACHMENT TRIAL BEGINS TODAY//GOLD DOWN $3.00 TO $1550.60//SILVER DOWN 2 CENTS TO $17.94//COMEX GOLD WITNESSES ANOTHER RECORD AT 798,000 PLUS CONTRACTS//TRUMP THREATENED EUROPE WITH A 25% AUTO TARIFF IF THEY DID NOT CALL ON IRAN FOR BREACH OF ITS TERMS//TURKISH JETS VIOLATE GREEK AIRSPACE 91 TIMES YESTERDAY///TRUMP GOING AFTER MR BLOOMBERG AND THE FRAUDULENT HFT TRADING//ALL FORMS OF USA FREIGHT DOWN BADLY//MORE SWAMP STORIES FOR YOU TONIGHT
Democratic Presidential Candidates Are Trying to Pull this “Fast One” On Your Retirement Savings
from Birch Gold Group:
No matter what you think of him, there’s no denying that Bernie Sanders is a man on a singular mission.
As part of one of his far-reaching proposals, The Inclusive Prosperity Act of 2019, the Senator aims to “cancel every penny of student debt.”
For many on the left, the concept has been popular enough to garner Sanders significant support; so much so that he’s recently been polling in the top two for the Democratic nomination for president.
‘World Economy Would Collapse’ If City of London Stopped Laundering Money, Says HSBC Whistleblower
from Sputnik News:
Britain is due to leave the European Union later this month but there is no sign of banks quitting the City of London, one of the main claims made by Remainers in the run-up to the Brexit referendum. But are the wheels of the City of London only kept turning by laundered money?
Nicholas Wilson, a financial services whistleblower who was fired by UK law firm, Weightmans, after exposing millions of pounds in unfair customer charges, claims the City of London relies on “dirty money” and says the world economy would collapse if the City stopped laundering it.
Earnings Season
by Bob Rinear, The International Forecaster:
Over the next two – three weeks we’re going to hear from thousands of companies. If you’re holding individual stocks, it is worth your while to look up their earnings releases and maybe selling out a day ahead of their reports.
Every few months throughout the year, we have to endure something called Earnings season. Actually it’s 4 times, and they follow the 1st, 2nd, 3rd and 4th quarter of the calendar year.
Earnings season is where the corporations tell the public how their business is going, how sales were, how expenses were, and the bottom line, how much profits rose ( or fell)
We are at the beginning of Earnings season now, and one of the “rules” of swing trading that I have lived by for over 25 years is “Don’t hold your stock over earnings release date.” So let’s chat about that in a minute. First this:
Gold Mining Stocks Broaden Their Appeal — With Dividends
by John Rubino, Dollar Collapse:
No one interested in current income buys gold mining stocks because those stocks are traditionally all about capital gains. As ‘leveraged plays on the price of gold,’ the miners work this way:
Let’s say gold is $1,000 per ounce and a hypothetical miner produces a million ounces annually, eking out a net profit of $10 million, or $10 per ounce produced. There’s no money here for dividends, obviously, and virtually nothing for capex. Someone hoping for current income would have zero interest in such a stock.
But let the gold price rise by $100 per ounce, or 10%, and the miner’s profit jumps by 900%, to $110 per ounce. In most market environments the stock of such a company will rise, which is the outcome most capital gains-oriented investors want.
Uncle Sam just used its financial nuclear weapon again
by Simon Black, Sovereign Man:
In August of 1945, the United States became the only country to drop nuclear bombs on an enemy.
Hiroshima and Nagasaki were largely destroyed in the blink of an eye. And the Japanese had no choice but to surrender to the Allies, finally ending World War II.
Ever since, world superpowers have been rapidly advancing weapons technology, constantly raising the bar for destructive power.
It won’t surprise you to find out that the most powerful and destructive weapon in the world, though, by far, is claimed by the United States.
No Matter How Much Money the Fed Prints, We Still Can’t Afford Nice Things
by Charles Hugh Smith, Of Two Minds:
When will the American wage-earner finally tire of the skims, scams, fraud and lies that are now the foundations of everyday life?
You’d think that with the Federal Reserve printing trillions of dollars since 2008, we’d all be able to afford nice things. But you’d be wrong: after 11 years of Fed money-printing, nice things are even more out of reach for all but the favored few who’ve received the Fed’s bounty of freshly created currency.
