Major Gold Market Indicator Shift

One of the major gold market indicators experienced a major shift in 2017. If we look at this gold indicator over the past several years, this recent trend reversal suggests something has fundamentally changed in the gold market… and in a BIG WAY. According to the World Gold Council, global gold scrap supply declined significantly during the first half of 2017 even though the price of gold increased. Global gold scrap supply plunged to 563 metric tons (mt) in the first half of 2017 compared to 702 mt during the same period last year: Now, what is interesting about this […]

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Is Puerto Rico’s Economic Collapse A Ploy By Liberals To Permanently Shift The Balance Of Power In Congress?

Next month, citizens of Puerto Rico are going to vote on statehood, and the absolutely devastating economic collapse that is gripping the island could be enough to push pro-statehood forces over the edge to victory.  Of course Congress has the final say on whether Puerto Rico becomes a state or not, but it is going to be very difficult to deny Puerto Rico’s 3.4 million residents statehood if they strongly insist that they want it.  Needless to say, if Puerto Rico becomes the 51st U.S. state that would greatly benefit the Democrats, because the population of Puerto Rico is very […]

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Gorsuch Will Not Shift The Balance Of Power On The Supreme Court As Much As You May Think

On Tuesday, President Trump announced that he would nominate Neil Gorsuch to fill the open seat on the U.S. Supreme Court.  Gorsuch currently serves on the 10th U.S. Circuit Court of Appeals in Denver, and he was confirmed unanimously by the Senate when he was appointed to that position by President George W. Bush in 2006.  Gorsuch appears to have some strong similarities to Antonin Scalia, and many conservatives are hoping that when Gorsuch fills Scalia’s seat that it will represent a shift in the balance of power on the Supreme Court.  Because for almost a year, the court has […]

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Regime Shift: What Trump Means for Markets

It’s interesting how quickly the consensus around what a Trump presidency means for markets went from “it’d be an unequivocal disaster” to “his policies will bring forth a new and lasting economic expansion.” Moral of the story: consensus has a habit of being wrong and reality tends to be bit more nuanced. What should we make of all the hoopla then? Let’s first note that: Presidents and political parties don’t drive business cycles, they simply enhance or dampen them. There are still many unknowns regarding exactly what a Trump presidency will look like. Trump will be moving his oversized self-portraits […]

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