11/11/2016

Is Gold About to Drop 40% Like the Reagan Era?

by John Galt November 11, 2016 18:00 ET The answer is not going to endear me to my fellow goldbugs and precious metals dealers, but 2017 appears to be a good year to acquire gold at bargain prices. First a look at the chart of gold on the continuous contract for the past 3 years: The initial downtrend breaking gold below the key technical resistance level of $1280 per ounce was violated and then bottomed below $1100 in 2015. Then with the election uncertainty beginning in 2016 and the prospect of…


Trump’s Team Wants the Ultimate Outsider to Become Treasury Secretary

by John Galt November 11, 2016 04:550ET In what can only be called a bold move by Donald Trump and his transition team, reports surfaced on Thursday that they wanted the ultimate outsider to drain the swamp in the U.S. Treasury Department. Donald Trump advisors consider Jamie Dimon for treasury secretary More from CNBC yesterday: Excerpt from article: In the wake of Donald Trump’s upset victory, advisors have floated the idea of naming Jamie Dimon as treasury secretary, according to two people familiar with the matter, but one of them added…


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