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Could Pelosi Actually Lose Leadership Vote: “A Lot Of People Are Going To Be Surprised Tomorrow”

Democratic representative Tim Ryan of Ohio is a long shot to unseat Nancy Pelosi in the vote for the minority leadership position to be held tomorrow, but he’s convinced that “a lot of people are going to be surprised” by the vote tallies.

“I think a lot of people are going to be surprised tomorrow.”

 

“I think we need a change.  Again, we’re at the smallest number we’ve had in our Democratic caucus since 1929.”

 

“We really got to ask ourselves when we walk out of the room tomorrow, what are we going to tell the American people?  That what happened on Tuesday and what we’ve not been able to do since 2010 is ok?  We’re gonna keep going down the same path.  Or, will we have a new messenger, a new message, a new brand and a new democratic party?”

 

Ryan has launched a bid to unseat Pelosi based largely on the premise that Rust Belt voters in the Midwest have abandoned the democratic party precisely because of the elitism exhibited the San Francisco liberal.  While Pelosi is known for her ability to raise substantial amounts of cash for the democratic party, $141 million in the past cycle alone according to The Hill, Ryan argues that electing a House leader with a broader appeal is far more important.

Ryan’s challenge hinges largely on the argument that Pelosi, a San Francisco liberal widely despised in conservative circles, simply projects the wrong image for a party hoping to broaden its appeal to the Rust Belt voters who flocked to Trump.

 

“We have got to have the right messenger,” he said. “We have got to have someone who cannot just go on MSNBC, but go on Fox and Fox Business and CNBC and go into union halls and fish fries and churches all over the country and start a brush fire about what a new Democratic Party looks like.”

 

Leader Pelosi is an incredibly strong fundraiser, she’s an incredibly dynamic leader, she gets out there and gets the caucus to do things together that most other leaders would have a very hard time doing. But that’s come at an expense,” a former Democratic leadership aide said Monday.

 

Pelosi also has a huge advantage when it comes to fundraising, having hauled in more than $141 million for the party this cycle alone, according to her office. Ryan, by contrast, raised less than $1 million — far less than the average member, according to the Center for Responsive Politics.

 

Of course, some democrats apparently learned absolutely nothing from the 2016 presidential election and still insist that Pelosi’s fundraising efforts are critical to the future of the party.  But as Tim Ryan points out “if money was the answer, Hillary Clinton would be president and
we would be in charge of the House of Representatives right now.”

“The most important messenger in American politics is money, and the ability to get on the air, get on social media, get on media that are relevant to voters is really expensive, and she has done a phenomenal job at giving us that opportunity,” the former lawmaker said Monday. “I don’t think there’s anyone who can come close to matching what she has done.”

 

Ryan has rejected that argument, saying the focus on campaign cash is misguided.

Meanwhile, Ryan has also drawn support from a host of young House democrats who have been prevented from rising up the leadership ranks by a stagnant group of Pelosi loyalists.

The elections have also heightened long-standing aggravations among newer members that the long reign of Pelosi and her top deputies — all of whom are in their mid-70s — has prevented other members from rising through the leadership ranks.

 

“There’s a generation of Democratic leaders who have been stymied or held down or even cut off at the knees to keep her and [Maryland Rep. Steny] Hoyer and others in power,” the former aide added.

 

“So you have a number of members who look at the agendas and question why, when the country is worried about the economy and jobs, the Democrats are out talking about women power and some of the core liberal issues that aren’t going to play well in the places that Democrats have to win if they’re going to take back the majority.”

Certainly, if the democrats learned anything from the 2016 presidential election they would understand that it represented a rebellion of the American people against establishment political figures like Nancy Pelosi.  That said, somehow we suspect the message hasn’t quite sunk in yet.

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European President Begs EU Leaders Not to Hold Referendums … Because Voters Might Choose to LEAVE

European Commission president Jean-Claude Juncker recently begged EU leaders not to hold votes on whether to leave the EU … because they may PASS:

Regarding referenda on EU membership, I think it is not wise to organize this kind of debate, not only because I might be concerned about the final result but because this will pile more controversy onto the huge number already present at the heart of the EU.

 

(starting around 4:00)

He’s right to be worried …

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The USDJPY and the “Price Of Gold”

Hold your real assets outside of the banking system in one of many private international facilities  –>    http://ift.tt/2cyFwvQ;

 

 

 

 

The USDJPY and the “Price Of Gold”

Posted with permission and written by Turd Ferguson CLICK HERE FOR ORIGINAL)

 

 

 

Well, we’ve finally reached “contract expiration” day as the Dec16 Comex gold and silver contracts go off the board and into “delivery” at the close today. With total Comex open interest now back to the levels of last December, could price finally be near a bottom? As usual, we must look at the USDJPY for clues.

 

As of last evening, total Dec16 Comex gold open interest was down to just 30,773 contracts and about 50-60% of those will be liquidated and closed out today, leaving 10,000-15,000 “standing for delivery” when “delivery” notices begin being sent out this evening. Last December only saw a total of 2,073 gold “deliveries” so we’ll likely be on pace again for something 5X or greater by the time “deliveries” wrap up at the end of the month.

 

Additionally, TOTAL Comex gold open interest fell again yesterday to a meager 410,824 contracts. Check this out:

 

DATE PRICE TOTAL OI
11/25/15 $1072 393,110
12/31/15 $1065 415,220
7/11/16 $1364 657,776
11/28/16 $1191 410,824

 

So, do you see how this works? Taking their cues from a few key inputs, the HFT Specs buy Comex paper gold exposure and price goes up. To limit the upside damage, The Banks issue new contracts in order to dilute the price impact of all this Spec buying. As the cues change and reverse, the HFT Specs liquidate their gold exposure and price declines. The Banks use this Spec selling to buy back their short positions and the open interest gets retired.

 

Have the supply/demand fundamentals of physical gold changed over the same time? Maybe just a little as sentiment and physical demand generally improve with a rising price. But by far the key determinant of “price” is the HFT Spec demand for the paper gold derivative, not the actual gold itself.

 

Some System Apologists will claim that this is efficient and smart…that the cost of acquiring, holding and storing real gold is too great and therefore these derivatives and synthetic forms of gold are preferable. NONSENSE! What I see instead is a Banker Profit Scheme and Confidence Game. The Banks create and manage nearly all of the forms of synthetic gold exposure available today, from futures contracts to unallocated accounts to the GLD, and because they have the power to create from thin air as much synthetic gold as “the market” demands, they also have the de facto power to control price. And they do.

 

So, OK then. It is what it is. As long as The Banks retain control, the only way you can get “the price of gold” to move higher is to move in your favor the key inputs which drive the buying decisions for synthetic or paper gold. And what are those key inputs?

 

  • Forex…specifically the USDJPY
  • In a larger sense, the US dollar as measured by the POSX
  • And, as it’s the US dollar gold price that we measure most, the general trend and level of US interest rates, particularly US interest rates adjusted for inflation or “real” rates

 

That’s it. It’s those three. Get all of those three working in your favor as we did in the first half of 2016 and you get a 30% rally. However, when all of these turn against you as they have since late September, WATCH OUT!

 

You’ve now seen these charts for what must seem like a million times. The inverted USDJPY is in candles and the “price of gold” is in bars. Again, do you see a fundamentally-derived “price of gold” in these charts or do you simply note two closely-correlated digital “assets”, where HFTs “see” a move in the USDJPY and instantly buy or sell paper gold in response?

 

 

 

 

To that end, let’s end this post on a positive note…

 

A week ago, some eco-quants at JPM issued a forecast for the USDJPY that projected a fall back to 100 or even lower. Well today, UBS came out with a nearly identical forecast. I would strongly suggest that you take the time to read this very closely: http://ift.tt/2fMJPoK

 

Again, when the USDJPY was near 100 last summer (or 1.00 JPYUSD on the charts above), “gold” was primarily between $1330 and $1380. Why? The HFTs had observed the fall in the USDJPY from 120 to 100 and, in turn, purchased “gold exposure” at the Comex. Total Comex open interest surged by over 50% and the price of that gold exposure rallied by over 30%.

 

Could we be on the verge of another such rally? Well, I hope by now you’ve figured out that the USDJPY holds the key. If the quants at JPM and UBS are correct, prepare for upside in 2017 and not the doom-and-gloom downside that the usual permabears are attempting to convince you is coming.

 

 

 

Please email with any questions about this article or precious metals HERE

 

 

 

 

The USDJPY and the “Price Of Gold”

Posted with permission and written by Turd Ferguson CLICK HERE FOR ORIGINAL)

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Venezuela: On the Simple Arithmetic of Inflation

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

As the Venezuelan bolivar collapses, the hype about Venezuela’s alleged hyperinflation becomes more intense. Most of the commentary is literally fantastic, suggesting that the authors are unfamiliar with the subject of hyperinflation and the arithmetic of inflation.

For example, DolarToday.com – which publishes reliable black-market exchange rate data, as well as the Johns Hopkins-Cato Institute annual inflation estimates – claims that the bolivar has depreciated by over 100 percent this month. This is wrong because DolarToday’s arithmetic is wrong. DolarToday’s mistake represents a common error. It fails to transform the bolivar-U.S. dollar exchange rate into dollars and cents. At the start of the month, the VEF/USD black market rate was 1,501.17, and as of November 29th, it was 3,744.52. The correct arithmetic to calculate the deprecation of the bolivar between those two dates is ((1/3,744.52) – (1/1,501.17)) / (1/1,501.17) = 59.9 percent  depreciation. 

The accompanying charts illustrate the correct arithmetic and the linkage between black market exchange rates and annual inflation rates. For Venezuela’s inflation to hit the International Monetary Fund’s (IMF) 720 percent inflation forecast for 2016, the bolivar would need to depreciate by 44 percent from today’s rate of 3,744 to 6,735 VEF/USD. Furthermore, for Venezuela to hit hyperinflation, which is an annual inflation rate of 12,875 percent, the bolivar would need to collapse by 97 percent from today’s rate to 106,565 VEF/USD. 

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“Highly Skeptical” JPMorgan Slams Reuters’ ECB “Sources” Story On Italy

Earlier today we reported that according to Reuters sources, the ECB was preparing for a Brexit deja vu, and was preparing to “temporarily step up purchases of Italian government bonds if the result of next Sunday’s crucial referendum “rocks markets” and sharply drives up borrowing costs for the euro zone’s largest debtor.”

To be sure, this could be merely a placeholder “trial balloon”, leaked by the ECB to its favorite Reuters intermediary, meant to prevent a preemptive selloff of Italian (mostly bank) stocks and/or sovereign bonds, which have come under intense pressure in recent days on concerns that the referendum could lead to another banking crisis. After all, as Brexit so vividly showed, why sell if a central bank has “got your back.”

However, a more nuanced read of the article suggests that it may also be bous. Surprisingly, most vocal denial so far today has come from JPMorgan, whose analyst Greg Fuzesi writes in a note titled “ECB: doubting the “sources” story on Italy” that the bank is “highly skeptical of the Reuters story” for four key reasons (listed below), as a result of which JPM says “we find it impossible to imagine the current QE programme being use to intervene in Italy without prior approval from the Governing Council. Finally, even if the ECB were minded to intervene in Italy, bond yields would likely have to rise dramatically from current levels before it acted.“

Here is the explanation, and the justification why Reuters “sources” are wrong, according to JPMorgan.

A Reuters story, quoting ECB “sources”, argues that the ECB could use its €80bn/month QE programme to intervene in the Italian bond market should a “no” vote in Sunday’s referendum lead to a “further spike” in Italian bond yields. According to the “sources”, such a reallocation of QE purchases from bonds of other countries to Italian bonds could last for days/weeks and might not require Governing Council approval as it could be done within the existing flexibilities of the QE programme. The story recognizes that longer-term support would require a formal request for help by the Italian government (presumably to the ESM).

From a legal perspective, the ECJ ruling on OMT has given the ECB a lot of freedom to design and use policies it considers to be effective and proportionate. It is also true that the capital key is applied with  some flexibility in the current QE programme. And, during last year’s Greek crisis, we argued that the ECB could launch an “Anti- Contagion Programme”, which did target interventions in bond markets that suffered from spillovers from Greece and without requiring OMT-style conditionality. See here.

Despite this freedom, we are highly skeptical of the Reuters story.

  • First, the current QE programme is designed to achieve the inflation target and it would therefore be better from a legal and policy  perspective to do any country-specific interventions through a new programme (or more appropriately through the existing OMT).
  • Second, it is hard to see the ECB intervening in Italy without any conditionality, given that Italy is mostly suffering from home-grown problems rather than an external shock; hence our Anti-Contagion Programme idea is not relevant to the Italian case.
  • Third, the flexibility in the current QE programme deals with the case where the intended bonds cannot be bought in a country due to scarcity; reallocating purchases to Italy when bonds can still be bought elsewhere would alter the nature of the existing flexibility.
  • Fourth, for all these reasons, we find it impossible to imagine the current QE programme being use to intervene in Italy without prior approval from the Governing Council. Finally, even if the ECB were minded to intervene in Italy, bond yields would likely have to rise dramatically from current levels before it acted.

* * *

Cogent arguments aside, should the Italian (and European) market indeed “turmoil” on a “NO” vote as polls widely expect, there is zero doubt that the ECB will do precisely as it has warned, and intervene massively to prevent yet another price discovery. After all, as was noted on Twitter earlier this morning…

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Donate to Reason Because We ‘Are Detrimental to the Safe, Secure, and Orderly Operation’ of Prisons

We interrupt your regularly scheduled programming to give you one more reason to donate to Reason‘s 2016 webathon: Our journalism is so incendiary that prisons are scared to distribute our magazines to their inmates, lest chaos erupt.

I’ll tell you about how things went down below, but in case you’re already glazing over at webathon posts, let me give you the TL;DR: If you’re on the outside, subscribe to savor your freedom to consume illicit dead tree reads about free minds and free markets, and donate because producing the kind of articles that gets wardens’ panties in a bunch ain’t cheap, but it’s the Lord’s work and you know it.

As you may recall, in September a Florida prison censor impounded our latest issue, claiming that the magazine “presents a threat to the security, good order, or discipline of the correctional system or the safety of any person.” More specifically:

“it depicts of describes procedures for the construction or use of weapons, ammunitions, bombs, chemical agents, or incendiary devices”

What was the fuss about? Oh, a little infographic on popular accessories for AR-15s. To be clear, designer Jason Keisling did not offer instructions for how to construct an AR-15 from ramen noodles and plastic sporks, nor strategy on how to use one to kill a warden; the piece offered some snack-sized tidbits about how the military firearm’s many interchangeable accessories accounted for some of its popularity with civilians.

But Reason just learned we’re on the outs in Arizona as well. The irony is more delicious than a plate of mystery meat from the cafeteria, given the subject matter of the issue. That’s right, it was our “How Not to Build a Jail” cover story about prison reform in D.C.—a thoughtful treatment of an issue that might be of rather signifcant interest to our incarcerated readers, natch—that caught the eye of clink censors this time.

Here’s the explanation we got from the Arizona Department of Corrections Office of Publication Review when we requested an appeal of the decision:

DO 914.07 deems certain publication content contrary to ADC’s penological interests to “assist with rehabilitation and treatment objectives, reduce sexual harassment and prevent a hostile work environment for inmates, staff, and volunteers . . ..” See DO 914.07, § 1.1….The December 2016 contains Unauthorized Content pursuant to DO 914.07 §§ 1.2.3 and 1.2.7. Specifically, the cover page and pages 20-27 contain depictions of prison riots, among other descriptions concerning prison institutions and prison populations, that may be detrimental to the safe, secure, and orderly operation of the institution. §1.2.3.

Not to mention that the issue acknowledges the existence of DRUGS. Which are BAD, you guys. And no one in the pokey knows about marijuana already, so it’s best if they don’t read about legalization efforts in California, right? It could only give them ideas.

Page 11 of the issue contains an article discussing marijuana, which is Unauthorized Content under § 1.2.7 as promoting drug paraphernalia. Accordingly, the issue was withheld and contrabanded by the complex, which is the first level of review.

The authorties at Arizona’s finest crowbar hotel conclude with a reminder that they have their eyes on us:

Accordingly, any future issues of Reason addressed to an ADC inmate will be reviewed on an individual basis to ensure contents meet the standards and guidelines set forth in DO 914….This deliberative process is critical in order to facilitate ADC’s penological interests in maintaining the safe, secure, and orderly operation of the prison system.

We always appeal these bans and will continue to do so. Why not donate today support those efforts, as well as the kickass journalism that keeps getting Reason bounced from America’s hoosegows?

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Trump Unleashes Renewed Tweet Storm Blasting “Pathetic” Media

Overnight Trump launched another tweet storm aimed at the “biased, pathetic” media.  And, with the mainstream media pumping out ridiculously “biased” headlines like this one below, they kind of earned it.

WaPo

 

Perhaps the Washington Post needs to be reminded that Jill Stein is “forcing recounts” in WI, PA and MI even though she herself has admitted she has not a shred of voter fraud evidence.

 

But a lack of evidence didn’t stop her from throwing around wild and baseless accusations in her Wisconsin recount petition.  A lack of evidence didn’t stop her from swindling disaffected Hillary supporters for millions of dollars, much of which will end up in some Green Party general expense bucket once her recount efforts fail miserably.  So why doesn’t the Washington Post feel the need to call out Jill Stein in their headlines?

Hacking

 

So it’s not terribly shocking that Trump continues to blast the mainstream media for their blatantly biased coverage. 

 

Clearly many of Trump’s supporters seem to agree and biased coverage from the media only reaffirms their support of the Trump administration.

 

But, keep fighting the good fight CNN…you’re only helping the candidate you’re attempting to destroy.

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Activists to Obama: Speed Up the Clemencies, Please!

Jail cellDiplomatically citing “uncertainty” in how the incoming Donald Trump administration might approach the president’s pardon and clemency authorities, a pack of criminal justice reform activists, legal scholars, lawyers, and former judges have sent President Barack Obama a letter begging him to use the end of his presidency to greatly expand the number of federal prisoners he offers mercy.

Just before Thanksgiving Obama announced 79 more commutations, putting his total at 1,023, the vast majority of which have been announced during this last year in office. All of these cases involved people sentenced to harsh mandatory minimums (sometimes life sentences) for drug-related nonviolent crimes. There are still thousands more prisoners serving similar federal sentences.

Some of these prisoners are serving disproportionately long sentences because their crimes involved crack cocaine instead of powder cocaine. Though Congress passed a law reforming sentences to reduce the mandatory minimums for crack-related crimes, the reform is not retroactive. Additional reform efforts that would have retroactively reduced existing sentences have stalled in Congress, so activists are left for now hoping for action from Obama.

The letter, signed by more than 60 people (including singer John Legend), specifically asks Obama to target those who would qualify for lower sentencing for crack-related crimes, even if they failed to meet the administration’s deadline to ask for clemency. The letter also suggests using a prisoner’s placement in the system to help determine who could receive clemency in a broader action to affect more people. Those who have been placed in lower-security prisons due to good behavior and had been sentenced for drug crimes could receive the president’s mercy, as an example.

There are some pretty strong, hard-to-ignore signs that Trump’s administration will not be as interested in scaling back sentences as the Obama administration. The biggest sign is Trump’s nomination of Sen. Jeff Sessions (R-Ala.) as attorney general. Even though Sessions voted in favor of reforming the crack sentencing laws to reduce the disparity (he even sponsored an attempt back in 2001), he has opposed the legislation to make these reforms retroactive.

Trump, as he has been on several issues, can be found taking just about every position on the drug war depending on where and when you look. He has in the past called for the legalization of drugs to “take the profit away” from drug lords, but as part of his presidential campaign, he has argued that his wall between America and Mexico will keep drug dealers out. (maybe illegal drug manufacturing is one of the types of jobs he wants to bring back home?)

Read the letter from the activist groups and their supporters below the fold:

Dear Mr. President:

We have strongly supported your initiative to grant clemency to incarcerated individuals, and we applaud your efforts to review as many petitions as possible before you leave office. We know how important this issue is to you, and with time running short, we know your team is working overtime to commute the sentences of as many worthy individuals as possible.

However, in the interest of justice, we hope you will consider additional steps that would expand the number of individuals eligible for relief. While your administration continues to review individual petitions, we urge you to also determine that nonviolent offenders in certain extremely low-risk categories either deserve expedited review or should be granted clemency absent an individualized review. With time running short on your time in office, these steps would be a way for you to deliver lasting change for thousands of deserving individuals and their families.

For example, your administration could make sure that you have given consideration to all of the people who did not get the benefit of retroactivity under the Fair Sentencing Act in 2010, including those who filed late or did not file for clemency. The U.S. Sentencing Commission staff could identify these individuals and DOJ could use prison placement (to a camp – the lowest level of federal incarceration – or to a low or medium facility) as a surrogate for how an individual has behaved in prison. There is bipartisan agreement that pre-Fair Sentencing Act crack sentences are unjust and have disproportionately affected people of color, but there is no mechanism for addressing that injustice outside of clemency.

People who have received sentences in narcotic cases involving other drugs besides crack who through good behavior worked their way down to placement in a camp or low or medium facility could receive similar consideration. You could also give special priority to veterans and older individuals and could consider granting relief to individuals who have been labeled as career offenders who have only narcotics as a triggering offense, a group that the Sentencing Commission recently urged Congress to treat differently because of their lower rates of recidivism and less culpable conduct. Similarly, those individuals who have received double mandatory minimum sentences where the individual has only drug convictions are calling out for relief. As you have done with some individual petitions, you would not necessarily need to commute entire sentences, but could provide tiered relief to ensure people serving overly punitive sentences for drug crimes have the opportunity for release once they have paid a reasonable debt to society. Such relief could also be structured to ensure no drug offender except those convicted of the most serious kingpin cases serves a sentence of more than twenty years.

With a stroke of your pen, you could change the lives of thousands of individuals and their families and write a legacy that will stand throughout history. The Constitution envisions precisely this kind of corrective against undue severity in the law.

We do not know whether the next president will support clemency efforts or criminal justice reform. But we do know that until January 20, you alone have the power to deliver both mercy and justice to those who deserve it. We hope you will seize this opportunity.

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Literally Too Many Veterans Have Signed Up To Join DAPL Protests

Submitted by Carey Wedler via TheAntiMedia.org,

Last week, the newly formed group “Veterans Stand for Standing Rock” called on veterans to nonviolently stand up to militarized law enforcement at the site of the Dakota Access Pipeline protests. Since its initial call to action, the veterans’ movement has grown exponentially.

Last week, the Facebook event, which was launched by Army veteran Wesley Clark Jr. and former Marine and Baltimore cop-turned-reformist, Michael A. Wood Jr., received widespread media attention. This boost helped increase the number of attendees from a couple hundred veterans to their maximum capacity of 2,000.

A standard email response from the group (as of Saturday) reads:

“We are happy to announce our small campaign has grown to 2,000 Veterans from every corner of the US [and] will be joining us to stand in peace with our brothers and sisters in Standing Rock.”

Their event page states they have over 2,100 veterans signed up and are exploring options for a second trip.

The group has a strict no weapons policy but is stocking up on body armor and protective gear like gas masks to withstand potential attacks from the heavily militarized police, who have arrested at least 400 of protesters so far. According to on-site medics, hundreds of protesters have also been injured. Last week, a 21-year-old woman was reportedly hit with a concussion grenade, leading to a severe injury that may require her arm to be amputated. Though police have blamed protesters for what happened to her, at least one witness claims law enforcement’s version of events is untruthful.

Outrage against incidents like these, as well as attacks on journalists via tasers, rubber bullets, and felony charges has made the ongoing situation ripe for outside intervention.

“This country is repressing our people,” Wood Jr. said last week. “If we’re going to be heroes, if we’re really going to be those veterans that this country praises, well, then we need to do the things that we actually said we’re going to do when we took the oath to defend the Constitution from enemies foreign and domestic.”

With 2,100 veterans signed up to make a stand, it appears police will be forced to reconcile their aggressive behavior with the nonviolent show of veterans, who intend to march toward police on site.

The group has gained substantial financial backing since word of their mission spread. According to their GoFundMe page, they have already raised over $500,000 to fund their trip, which is planned for December 4 to December 7.

Their goal is currently set at $750,000, an increase from the $100,000 — and then $200,000 — requested last week.

“I increased the goal because I was wrong,” Wood Jr. said, according to Task and Purpose. “I was giving a ballpark number that we could get 500 people there without feeling like I was asking much of the public. In a short period of two days, the picture changed dramatically. As long as we’re increasing in size, I have to ask for more funds. And as long as we have more funds, we will increase in size.”

He added:

“This is already way beyond transportation. So the additional funds will go toward protective equipment, infrastructure, lodging, food, medical supplies, and stuff to help deal with the elements of nature.”

The funds will also go toward bailing out members of the group who are arrested during their demonstration.

As the cash and volunteers continue to roll in, the group’s resolve in its self-described “deployment” is only increasing.

“We’ve grown to the point where we have an actual chain of command now,” Wood Jr. said. “Emails are hundreds a day, if not thousands.”

Anti-Media spoke to one Navy veteran, Jake Bagwell, who heard about the event last week through social media and is now scheduled to head to Standing Rock, pending his request for time off from work.

“I figured if any demographic would have a big enough impact to wake people up, it’s vets. Especially when it comes to standing up to the government,” he said.

He added:

“Nothing about what the ‘authorities’ are doing makes sense. Water cannons in subfreezing temperatures? Are you serious?”

Another veteran, Sam Deering, posted on Facebook about his decision to join Vets Stand for Standing Rock:

The U.S. Army Corps of Engineers, which manages the land where protesters are camped out, issued a notice last week warning them to evacuate by December 5. Reuters reports the agency has said it has no plans to forcibly remove protesters, but on Monday, North Dakota Governor Jack Dalrymple issued a separate mandatory order to evacuate the area.

Anti-Media has reached out to Veterans Stand for Standing Rock to learn how they plan to respond to these demands and will update this story if they respond.

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Is Gold About to Reverse the Trump Dump?

 

The Trump election win has resulted in four key items:

1)   US-stocks soaring.

2)   The $USD rallying above 100.

3)   US bonds collapsing.

4)   Gold and Silver collapsing.

Regarding #4, since the election was called for Trump, Gold has collapsed over 7%.

The move has been largely predicated on $USD strength and Yen weakness. Indeed, Gold is essentially the same trade as the Yen: $USD paid as the below chart shows.

But what if this whole move is just another BREXIT type situation?

After BREXIT occurred on June 23, the markets sold off for roughly one week. This massive sell-off then reversed and recovered ALL of those losses and then some.

What if the markets are doing precisely the opposite of this as a result of the Trump win? Once again we’ve had a sharp move (this time stocks went up and Gold went down). But what if this is about to reverse and undo the entire Trump win just as the markets did with the BREXIT loss?

For certain Gold is SEVERELY oversold at levels that usually result in sharp rallies.

Time stamp this, we’re predicting Gold will be reversing sharply here and beginning its next leg up with an ultimate target of $1600 or higher this time next year.

If you’re looking for a high-octane means of playing Gold’s next move higher, we offer a FREE investment report detailing an unique play on Gold that has the potential to rise 250% or more in the next 12 months.

To pick up a copy swing by:

http://ift.tt/2gmZMAU

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

 

 

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