Personal Finance
We are living the age of consequences. The decline of the welfare state. The decline in confidence in government, media and other institutions. The key question? What impact will these major trends have on stocks, bonds, currencies, real estate, food prices…. and ultimately you
….related from Michael: The Downfall of the Mainstream Media & The Stirrings of a Revolution
1. Crude Oil: Setting Up for Rare Buying Opportunity
by Michael Campbell & Josef Schachter
Right now he sees a combination of tax loss selling and other factors setting crude up for a fabulous imminent buying opportunity at much lower levels than we trade today in the upcoming December/January periodr me lately world” Mike asks him what’s next – not just for gold but for Mark’s other big winner marijuana stocks.
2. Get Ready …
by Larry Edelson
Let me cut right to the chase: The global financial markets … entire economies … and even political systems and philosophies — will soon start spiraling out of control.
3. The Downfall of the Mainstream Media & The Stirrings of a Revolution
by Michael Campbell
In the US millions have become disillusioned by one sided media push to get Hillary Clinton elected, the corruption of the FBI and the Justice Dept to keep her out of jail, and the blatant political bias of the IRS. With European Governments mistrusted and fighting in the streets in the US, there is one forthcoming financial issue that could be the death blow for trust in Government institutions and the media. The big question, when millions no longer trust the democratic institution, what comes next?
Quotable
“Poetry may make us from time to time a little more aware of the deeper, unnamed feelings which form the substratum of our being, to which we rarely penetrate; for our lives are mostly a constant evasion of ourselves.”
–T. S. Eliot [My T.S. Elliott favorite, Little Gidding]
Commentary & Analysis
Oil: Currencies may be telling us oil prices are about to fall…
If you look at the near-term price action of the Canadian dollar (CAD) and Norwegian krone (NOK) and assume these two currencies tend to move in tandem with oil prices, it might suggest oil is about to head south, despite the vaunted agreement to control production. NOK (red line) has done a pretty good job of leading crude lately…
We’ve been looking to add oil short in our Key Market Strategies portfolio, using the oil ETF USO as the proxy. Below is a daily chart of USO we shared with our subscribers recently, looking to get short (or long a reverse oil ETF) on a close below 11.37:
A breakdown in oil here could carry back to the swing low at 9.23 or more for USO.
The weekly chart of crude oil futures (WTI) also suggests black gold may be turning over (a flat correction).
Of course if the run in the dollar is due for a rest, hold the charts upside down when you review.
Have a great weekend.
Jack Crooks
President, Black Swan Capital
The currency is down by 0.7% at 1.3312 per US dollar as of 8:38 a.m. ET.
Just minutes earlier, data showed that core retail sales came in at 0.0% month-over-month in August, below expectations of an increase of 0.3%.
Additionally, CPI rose only 0.1% month-over-month in September, below expectations of a 0.2% uptick. Meanwhile, core CPI rose 0.2% month-over-month, as expected.
….also: This Indicator Says The Price Of Gold Is Now Headed Above $1,700
Summary
Strong companies will create investment value regardless of who sits in the White House.
History suggests the outcome won’t matter much to investors in the long run.
Investors should not base their decisions on which party occupies 1600 Pennsylvania Ave.
A $10,000 investment held in the Dow Jones from 1897 to 2014 would now be worth $4.3 million.
Investing only when your preferred party is in the White House and selling whenever the other party is, would be worth roughly $4 million less!1
…related by Larry Edelson:
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I know Mike is a very solid investor and respect his opinions very much. So if he says pay attention to this or that - I will.
~ Dale G.
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I've started managing my own investments so view Michael's site as a one-stop shop from which to get information and perspectives.
~ Dave E.
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Michael offers easy reading, honest, common sense information that anyone can use in a practical manner.
~ der_al.
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A sane voice in a scrambled investment world.
~ Ed R.
Inside Edge Pro Contributors
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