1…………> Market Report 11/02/2017, sell stop 23,500, CG(4100),11/21/16
Our short position was covered at DIA 21800 for a gain of 50 points and a new position established at 21850, sell stop 21800 closed for a loss of 50 DIA points. A new short position was established at 21850, cover short stop at 21800 for a gain of 50 DIA points was closed and a new long position established at 21800, sell stop 23250 for a spectacular gain of 1716 DIA points.
The market is running up and up, ignoring Yellen’s planned Fed balance sheet contraction that will dump 600 billion of Obama’s monetary septic tank securities on the market every quarter, a move clearly suggesting high interest rates due to high dollar that would surely crush the profits of the multinationals. The budget deficit for the last 8 months is 460 billion, in line with Obama’s and the GOP planned country wide tax cuts will explode it to new highs. All this dance and song ignores Comrade Un’s playing with matches supplied by Mr.Xi, and there are talks that that Saudi Arabia may be forced to peg the oil price to Chinese yuan, a decision that will unleash a deluge of paper dollars. Yet like an insane inmate in an asylum beating its bloodied head in a stone wall, Yellen is continuing to print money, pushing markets higher and suppressing the gold price. In addition President Trump has not fired one single person from the bloated Federal Government, a cacophony that is very difficult to reason with, and recently disclosed that vast tax cuts are to pass with 51 Senate majority, redistributing money borrowed at 40 cents on the dollar when almost everything in US is made out in China. Did President Trump gave up on his agenda and made a deal with the globalists Cohn, Kushner-Pushner & Co? Is the exploding Hillary’s “UraniumGate” about to pull Yellen’s rug under this grossly overpriced market, despite GOP passing a 4 trillion dollars new budget? Is the political uncertainty catching up with Yellen’s bull market? Today President Trump put an end to all those speculations by appointing Jerome Powell as the next Fed chair, finally showing Obama’s not so secret weapon Janet Yellen the door, a decision met with a cautious rally on Wall Street. A close look at the new budget indicates that states like California and New York who have been leading the fight to dethrone or impeach Trump may be in for a nasty surprise if the mortgage deduction is phased out, leaving millions of mansions above $500,000 with a hefty uptick in mortgage payment, a sure prelude to a crash.
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We warned that it appears there is organized attempt to remove President Trump from office and if this activity is not curtailed soon, market will open on gap below 20,000 with next stop 17300 and 11800 support levels.
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Stocks up 81 to 23516, DJ futures up at 25.
Gold down to 1277.7 despite to dollar’s raise, and USD/CHF was down at 0.999 due of Yellen’s intervention. Translation? As the dollar goes down, Yellen will take gold and Eurasian block with it down below $1000/oz in an economic WW3. Watch sell stop 23,500. The real shocker bibi1581.com had been predicting for months, the relentless treachery of dedicated CFR, Soros Planetary Commission and KBI(Koch Bureau of Investigation) soldiers Paul “Granny Crusher” Ryan and Mitch “Harry’s Twin” McConnell became evident last week when none of Trump’s grandiose projects were passed by the criminal consortium of Establishment GOP and Unified Party USA. Clearly defrauded and offended President Trump has now made a deal with Nancy Schumer and Charles Pelosi to fund the government for three months and get a relief for Harvey’s victims down in Texas, something that does not bode well for the future of GOP.
Yellen’s attempts to destroy Eurasian block by sending gold prices below 1000 failed due to the simple fact that both Russia and China have been buying their whole gold production in local gold backed currency instead of money printing machines. In other words, US has lost controls of the precious metals complex, and with Trump’s infrastructure and tax cut campaign the National debt will soon be at, or over 30 trillion dollars, since D.C. swamp alligators have no intention dropping their pet projects. Read “Ziban Must Die” for more details on the coming collision of Trump’s administration with “Deep State” operators funded by the billion
2…………> Gurlitt Exhibition: Nazi Degenerate Art
A trove of artworks hoarded by the son of Hitler’s art dealer Cornelius Gurlitt have gone on public display at the Museum of Fine Arts in Switzerland and the Bundeskunsthalle Museum in Germany.
Pieces by key German painters such as Otto Dix, Franz Marc and Otto Müeller are being displayed. This is a 1914 painting by German expressionist painter August Macke titled Im Schlossgarten von Oberhofen (In the Castle Garden of Oberhofen).
http://www.bbc.com/news/world-europe-41850650
3…………> Uncle Donald’s Tax Cut: Candies For Most
Republicans have unveiled details of a sweeping tax plan, aimed at slashing rates for businesses from 35% to 20%, lowering and later phasing out the inheritance taxes, with individual rate for the wealthiest left at 39.5%.
It eliminates a popular mortgage interest deduction for new home loans of $500,000 (£380,000) or more, and is estimated to cost about $1.51tn over a decade.
http://www.bbc.com/news/business-41849094
4…………> Misery Within Misery: DRC
“Tanganyika is on the brink of a deadly disaster. It’s a catastrophic cocktail about to blow up,” the Norwegian Refugee Council country director in DR Congo reported.
“The province is a forgotten crisis within a forgotten crisis.”
The agency said 80 percent of the displaced people have no access to clean drinking water while three in four do not have access to latrine toilets.
5…………> Houston Astros: Congratulations & Celebrations
The Houston Astros have won the World Series for the first time in the team’s history, beating the Los Angeles Dodgers 5-1 at Dodgers Stadium in the decider of the best-of-seven series, courtesy of George Springer who delivered one of the most brilliant individual World Series in major league history.
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