1…………> Market Report 11/28/2017, sell stop 23,650, CG(-60), 11/22/16
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 23450 closed at the market 23450 for a spectacular gain of 1769 DIA points, and total cumulative gain for 2017 of 5869 points or 25% annual return. The short position at 23450 was covered at a profit of 50 DIA points. Our new position is long DIA at 23450, sell stop triggered at 23500 for a gain of 50 DIA points. Short position closed at 23560, for a loss of 60 DIA points, new position long 23560, sell stop 23650 for a gain of 90 DIA points.
The market penetrated the 23450 support level and collapsed down to 23358 level, an indication that “Yellen’s bulls” are running away from the market in expectation of tighter credit and less support by the new Fed chief Powell. Then the news that US House has passed a tax bill reignited the bullish sentiment and led to 200 points reversal.
The market was flat after Yellen’s firing from the Fed, so the ominous plan of balance sheet contraction that will dump 600 billion of Obama’s monetary septic tank securities on the market every quarter is clearly on hold, a move suggesting flat interest rates due to flat dollar that would surely bleed 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 printing money is on hold for now, halting markets push upward and leading to formation of a gold price bottom. Last week 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.
Stocks up 256 to 23837, DJ futures at -5.
Gold up to 1299.1 due market breaking supports, and USD/CHF up to 0.9847 due of Yellen’s removal. Translation? As the dollar goes down, we have to wait and see if the new Fed Chair Jerome Powell will continue pressuring gold and the Eurasian block with it down below $1000/oz in an economic WW3. Watch sell stop at 23,650. 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.
We have to wait and see if new Fed chair Powell will attempts to destroy Eurasian block by sending gold prices below 1000, despite the fact 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 billionaires supporters of the New World Disorder.
2…………>Singapore Christmas; Light Fantasy
A worker tests the Christmas light installations in Singapore Gardens by the Bay, in Singapore, on Nov. 27, 2017. (Xinhua/Then Chih Wey)
http://news.xinhuanet.com/english/2017-11/28/c_136783752.htm
3………….> New Fed Chief: Tight Money
“If confirmed, I would strive, along with my colleagues, to support the economy’s continued progress toward full recovery. We expect interest rates to rise somewhat further and the size of our balance sheet to gradually shrink, I will do everything in my power to achieve those goals (maximum employment and price stability) while preserving the Federal Reserve’s independent and nonpartisan status that is so vital to their pursuit,” said Jerome Powell, President Donald Trump’s nominee to lead the Federal Reserve in remarks to be delivered at his Senate confirmation hearing.
There are rumors that some of the sacred “Obama’s New World Disorder Cows” in the Fed and on Wall Street are worrying that the deluge of printed money by Yellen will stop, and interest rates will go up in a process called “normalization” of monetary policy: i.e. the highway robbery of the savers, mostly seniors that has depraved them out of nearly a trillion of interest income will stop, and then the market place supply and demand will find where the current equilibrium point is, halting generous money flows to Obama, Hillary,Hoodlums & Co cronies in Nancy Schumer’s and Richard Pelosi’s districts.
http://news.xinhuanet.com/english/2017-11/28/c_136783870.htm
4…………> Terror Arrest: Melbourne
A 20-year-old Werribee man who was trying to get an automatic rifle to “shoot and kill as many people as he could” around Federation Square was arrested and accused of the terrorism plot at a home in Melbourne’s south-west. He appeared before Magistrates’ Court and was charged with preparing to commit a terrorist attack and collecting documents to facilitate a terrorist act.
The man is an Australian citizen with Somali parents who is facing charges carrying a maximum penalty of life in prison.
5…………>El Santo Padre In Myanmar:Rohingya
“We come here to see the Holy Father. It happens once in hundreds of years. He is very knowledgeable when it comes to political affairs. He will handle the issue smartly,” a community leader Win Min Set who brought a group of 1,800 Catholics from southern and western states of the country said, referring to the sensitivity of Pope’s discussions about the Rohingya.
“El Santo Padre” Pope Francis, who begun a trip to Myanmar loaded with diplomatic risk due to the nation’s treatment of the minority Muslim Rohingya people, was met by thousands of Catholics who gathered in Yangon after journeys by train and bus, excited to get a glimpse of their beloved spiritual leader.
http://www.abc.net.au/news/2017-11-27/pope-francis-visits-myanmar-amid-rohingya-crisis/9198134
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