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Gold, Cryptos and the Market Take a Breather with Nick Santiago (Ep #343)

from Daily Market Wisdom with Nick Santiago

For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.

Today:

1. Markets are having a tough week since the Monday reversal selloff. Tech has been under pressure the most and that could be the case going forward. As bond yields move higher in the 10-year note more investors flee from the technology sector. Seasonality trends are generally bullish from Thanksgiving to the New Year, but this time around traders will have to be careful and very selective into the end of the year. Perhaps, tapering is tightening after all.

2. Gold and silver have been under heavy selling pressure as the U.S. Dollar Index (DXY) has strengthened. A strong dollar will usually bring commodity prices down as they are all traded in dollars.

3. Earlier today, the Weekly Initial Claims report reported just 199,000 new claims. The expectations were for 265,000 so this was better than expected. While this was the lowest number since November 1969 it does not seem like the market really cares at this time. All eyes are on the current Fed tapering and potential rate hikes down the road.

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A Young Financial Expert Who Likes Gold and Insurance with Kenneth Rapoza

from Kerry Lutz's Financial Survival Network

Kenneth Rapoza started out in financial services selling the usual products. After speaking with his best friend’s father, he had an epiphany. This guy never seemed to have a job and yet the family always did well. Much like Robert Kiyasaki, his friend’s rich dad taught him the ropes of successful investing. Kenneth is bullish on precious metals and believes that the proper life insurance policy can pay huge dividends.

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Are Battery Metals the Best Inflation Hedge? with Jamie Keech

from Kerry Lutz's Financial Survival Network

We sat down with Jamie Keech to discuss inflation and inflation hedges. Jamie is of the opinion that inflation is here to stay and that factors are making commodities such as Uranium and battery metals better hedges than the traditional one of precious metals. Perhaps this is a sign that when even the most stalwart supporters start looking elsewhere, gold and silver are getting ready for the big move. Time will tell.

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When Risk and Opportunity Become Personal

by Charles Hugh Smith
Of Two Minds

The opportunity to lower our exposure to risk is always present in some fashion, but embracing this opportunity becomes critical when precarity and change-points rise like restless seas.

The Chinese characters that comprise the equivalent of “crisis” are famously–and incorrectly– translated as “danger” and “opportunity.” This mis-translation has reached the peculiar prominence of being repeated often enough to be taken as accurate, but according to Wikipedia and other sources, the more accurate translation is “precarious” plus “change point.” (Chinese speakers may be able to shed even more light on the characters’ shades of meaning.)

The American attachment to “crisis” equaling “danger” and “opportunity” is easy to understand: the American “can do” culture is fond of optimistic calls to action (“when life hands you lemons, make lemonade,” etc.) and so crisis presenting opportunity fits this perfectly.

As for the danger: that’s the necessary impetus to grab the opportunity.

Continue Reading at OfTwoMinds.com…

Another Comex Gold Price Smash

by Craig Hemke
Sprott Money

In another incident of deja vu, gold investors everywhere have seen their spirits crushed this week in the same old tired manner The Bullion Banks have employed for decades.

I could write about all of this again but I’ve done it so many times now that, frankly, I’m exhausted. I just wrote about this three weeks ago and I don’t have the energy today to do it again.

The Fed’s QE Taper Schedule and COMEX Gold

In short, during periods of “speculator” demand for COMEX gold exposure, the market-making Bullion Banks create new contracts in order to dilute the overall supply and mitigate the price rise that basic economics predicts would follow from increasing demand.

Continue Reading at SprottMoney.com…

Why the ‘Make America Worse’ Bill Will Lead to Higher Inflation

by Simon Black
Sovereign Man

When Sultan Abdulmejid I of the Ottoman Empire declared war on Russia in the summer of 1854, he assumed it would be an easy victory that would restore his crumbling empire back to its former glory.

But Abdulmejid’s dream never came true.

The Ottoman Empire was already in dire economic condition by the mid-1800s; Abdulmejid’s predecessor (and father) Mahmud II had presided over a major budget deficit, plus a devastating loss of territory. The Empire was shrinking and growing weaker.

So when Russia tried to capitalize on this weakness by invading Ottoman territory in 1853, Abdulmejid refused to back down. He allied himself with Britain and France, both of whom wanted to check Russian power, and they all went to war.

Continue Reading at SovereignMan.com…

On the Brink of Chaos

New Lockdowns & Vaccinating Children Last Straws for Many

by Chris Martenson
Chris Martenson’s Peak Prosperity

Protests erupted all over Europe and in Australia over the prospect of renewed lockdowns, vaccinating children and other Covid measures. They’re fed up. I am fed up. You are fed up.

The main problem? None of the measures have actually worked so far and are an incoherent mess. Instead of rethinking strategies and being more thoughtful in communicating the necessity and goals of the new approaches, many governments have instead become more dictatorial and authoritarian. This is creating even more friction within and among the citizenry.

To avoid being a ‘rat in a cage’ your first step toward freedom rests in understanding who is delivering the shocks and why.

Continue Reading at PeakProsperity.com…

Inflation is at a 30-Year High. Biden’s Big Economy Speech Barely Mentioned It.

The president should be more worried about inflation, and government responsibility for it, than he’s acting.

by Brian Doherty
Reason.com

President Joe Biden gave a speech this afternoon on the state of the economy. According to its billing, it would address “lowering prices for the American people.” Yet Biden seemingly wants us all to forget about price inflation as an economic issue.

In his half-hour or so of jawboning, Biden mostly crowed about his alleged achievements and almost entirely avoided the topic of large-scale price inflation. He did acknowledge such inflation in the world of gasoline, yet, as Reason Science Correspondent Ronald Bailey reported today, the Biden administration continues to pursue policies that restrict supply and thus goose up gas prices, despite his new sleight-of-hand about opening up strategic petroleum reserves.

Biden apparently wants us to believe that only the genius and strength of his government telling ports to stay open longer and stores to stock their shelves more frequently are behind any turnaround in the much-worried supply chain crisis of the season.

Continue Reading at Reason.com…

Logic and Data: Weapons to Defeat the Covidians

by Andrew Thomas
American Thinker

Covidians are the cabal of Biden officials, the CDC, Dr. Fauci, the vaccine producers, the leftist-run media, and local politicians who irrationally push COVID mandates over the restraints of the Constitution and rational thought. Their defeat is imminent.

It is now patently obvious to every phenomenological thinker (who are nonexistent on the left) that the vaccines and masks are totally ineffective against the COVID virus. You don’t have to be a physician or medical expert to understand this.

The COVID vaccines first became available to Americans in December 2020. The total number of U.S. COVID cases in 2020 was less than 21 million. In 2021, it has increased to almost 28 million.

Continue Reading at AmericanThinker.com…

Best Buy Shares Plunge on Margin Pressures, “Organized Retail Crime”: A Look at Organized Retail Crime in the U.S. and How E-Commerce Turned it Into a Big Business

by Wolf Richter
Wolf Street

Stolen goods get sold to law-abiding Americans by third-party vendors on big ecommerce sites that profit from it. Legislation to control it struggles.

It’s a big profitable business across the US because the cost of the merchandise is zero: Organize a bunch of people via the social media, raid a store and and run out, arms-full of merchandise, and then sell this stuff into specialized distribution channels from where it gets sold by third-party vendors on some of the best-known ecommerce platforms in the US, such as eBay and Amazon and many others.

Shares of Best Buy [BBY] plunged 12.4% today after the company’s earnings call, during which it discussed a laundry list of headwinds and pressures on its gross profit margins, which, for US sales, fell 60 basis points to 23.4%, “primarily driven,” as CFO Matt Bilunas put it, by product damages and returns compared to last year, lower margins of services, and the infamous “inventory shrink.”

Continue Reading at WolfStreet.com…

With Low Vaccination Rates, Africa’s Covid Deaths Remain Far Below Europe and the U.S.

by Ryan McMaken
Mises.org

Since the very beginning of the covid panic, the narrative has been this: implement severe lockdowns or your population will experience a bloodbath. Morgues will be overwhelmed, the death total toll will be astounding. On the other hand, we were assured those jurisdictions that do lock down would see only a fraction of the death toll.

Then, once vaccines became available, the narrative was modified to “Get shots in arms and then covid will stop spreading. Those countries without vaccines, on the other hand, will continue to face mass casualties.”

The lockdown narrative, of course, has already been thoroughly overturned. Jurisdictions that did not lock down or adopted only weak and short lockdowns ended up with covid death tolls that were either similar to—or even better than—death tolls in countries that adopted draconian lockdowns. Lockdown advocates said locked-down countries would be overwhelmingly better off. These people were clearly wrong.

Continue Reading at Mises.org…

In Early 2022, Prices Will Be Going Up 20 to 25 Percent on Thousands of Different Products

by Michael Snyder
The Economic Collapse Blog

If you think that inflation is bad now, just wait until we get into early next year. As you will see below, some of the biggest corporations in the entire country have just announced major price increases which will take effect during the first few months of 2022. So if there are some things that you want to stock up on, you may want to do it now, because your money won’t stretch as far once we get a few months down the road. I really wish that I had better news for you. I really wish that I could tell you that prices are going to level off and that economic conditions will return to normal soon. Unfortunately, the truth is that it appears that our problems will soon be accelerating.

Earlier today, I was stunned to learn that General Mills has announced that prices on “hundreds of items” will be jacked up dramatically in early 2022. In some cases, prices “will go up by around 20%”…

Continue Reading at TheEconomicCollapseBlog.com…

‘He Crossed State Lines’: Deconstructing the Strangest, Saddest Corporate Media Smear Campaign in History

by Ben Bartee
The Daily Bell

At The Daily Bell, we’ve faithfully debunked the corporate media’s unending fake news campaign to push the preferred storyline(s) of its owners.

However, despite the impressive absurdity of everything from Jussie Smollett’s midnight Subway© lynching hoax to the “safe and effective” vaxx narrative, none has detached as fully from reality as the corporate media mythology surrounding the Kyle Rittenhouse shootings.

The Rittenhouse fiction serves as a microcosm of the fruits that propaganda machine — which furnishes rhetorical cover for the well-funded BLM/Antifa/corporate state alliance — has bore.

Continue Reading at TheDailyBell.com…

How Silver Can Conquer $50+ in 2022

by David Smith
Silver Seek

Two realistic price movement scenarios can see silver finally ascend through the magnetic $50 level in 2022. A case can be made that either – or perhaps both – have a strong likelihood of taking place.

First Scenario:

In December, silver moves up from a strong multiple-year base, with an impulse leg-driven First Quarter, punching through strong resistance and spiking into the low ‘$40’s before retreating to its breakout just above $30.

It builds a broad $15 sideways HSR (horizontal support-resistance) price box between $43 and $28.

Volume strengthens on up days, and lessens on down days, creating a descending technical triangle.

Continue Reading at SilverSeek.com…

Inflation: Phase One is Over

by Stewart Thomson
GoldSeek

1. I’ve suggested that gold investors need to be prepared to watch gold dip below $1800 (and perhaps as low as $1566-$1450) before an enormous rally towards $3000 gets underway.

2. The dip is in play, and the big question is… what’s the cause of this dip?

3. Well, Indian buying has faded, as it always does after a strong rally. Also, some of the global supply chain issues have been solved, even if just temporarily.

4. Please click here now. Double-click to enlarge this shipping cost chart.

Continue Reading at GoldSeek.com…

Conor McGregor Trolls Immunologist: “I Know Nothing of Health… This Guy Does”

UFC star responds to vaxx controversy backlash.

by Paul Joseph Watson
Summit News

After receiving a backlash for questioning vaccine efficacy, UFC star Conor McGregor posted an image of an out of shape immunologist along with the sardonic comment, “I know nothing of strong immune systems or physical health, fitness and wellbeing. This guy does.”

Based.

Although he quickly deleted all the tweets, the controversy began when McGregor commented, “The vaccines have not worked to stop this whatsoever. More vaccinated than ever. More cases than ever. Reevaluate entirely. Stop taking handouts.”

The MMA champ could have been talking about numerous European countries which are currently experiencing new COVID spikes, but particularly Ireland, which has a huge case load despite having a 94% vaccinated adult population.

Continue Reading at Summit.News…