In an interview with ET Now,  Jim Rogers, author, Street Smarts: Adventures on the Road and in the Markets, says though he registered a protest vote and did not vote for either Clinton or Trump, he thinks Trump will likely triumph over Hillary Clinton in US presidential elections.  

Edited excerpts  

Why are markets so nervous ahead of this Presidential election cycle? It appears as if the next US President will make or break the world? 

Yes. Remember, this cycle will bring in a new President, may be even a new party. So it is a little bit different from 2012 when chances were great that the same party and same President will return. This time it could be a great upheaval and many people are worried. I hope you are.  

…continue reading HERE

..related:

Shelter BEFORE the storm

Today’s videos and charts (double click to enlarge):

Gold & Silver Bullion Video Analysis

Bonds, Currency, and Stock Markets Video Analysis

Precious Metal ETFs Video Analysis

SF60 Key Charts Video Analysis

SF Juniors Key Charts Video Analysis

SF Trader Time Key Charts Video Analysis

Thanks,

Morris

website: www.superforcesignals.com

….also: The Titanic Sinks on Election Day

First, this article does not oppose one candidate or the other.

Second, the “powers-that-be” have selected HRC as their choice for President to implement their agenda.

Third, in spite of voting machine “glitches”, the popular vote could go either way. Texas County Enacts “Emergency Paper Ballots”

Regardless of who the voting machines select as winner, the following questions have been mostly ignored by both candidates.

• The US national debt (official only) is nearly $20 trillion and has approximately doubled every eight years. What is the plan for controlling the growth of that debt? Let it grow exponentially and assume something magical will fix it? Hope that congress will cut expenses? Wait for the Easter Bunny to deliver a pile of dollars from La-La land?

2016 approximately $20 trillion

2024 approximately $40 trillion

2032 approximately $80 trillion – really?

•  Medicare, health insurance, and sick care costs are skyrocketing for individuals and governments. The latest Obamacare increases are frightening. What is the plan to manage and control price increases? Let prices increase until only congress can afford medical insurance? Bankrupt all pension plans that currently offer medical insurance? Wait for Santa to bring free universal health benefits to everyone at no cost to individuals or the government? More “hope and change?” The Easter Bunny again…

Tweet: “No longer affordable? It has NEVER been affordable!! My stepmom pays $879 a month w/ $4750 deductible on a 70/30 for herself.”

• There is no strategy that wins a nuclear war – and the costs are enormous. Given that perspective, why are the US, Russia, China, and North Korea preparing for nuclear war? Why encourage nuclear war? Should we trust that nuclear war will not occur because the nuclear powers are merely using the threat of war as an excuse to bankrupt themselves by purchasing bombs and missile systems to initiate and counter an unwinnable first strike? What is the plan that reduces the probability of nuclear war and reduces the cost of weapons? More hope and change? Read: Dennis Kucinich on Warmongers.

Regardless of which candidate is selected the world and the US face huge self-created problems. As “Mish” says:

“Failure Guaranteed:

Trade policy will be a disaster under either Hillary or Trump.

Hillary is far more likely to start a major war.

Neither has a realistic plan to reduce the deficit.

Hillary will not fix Obamacare, she will make it worse.

Congress might not let Trump start over on Obamacare.

Hillary will support freedom of choice, Trump won’t.”

Repeat:

• The western world and the US are drowning in debt with no plan to address or reduce the annual deficits or total debt. This will end in tears.
• Obamacare increases are already bringing tears. More weeping – insurance companies and congress excepted – will come.
• Nuclear war is closer than at any time in the past several decades. Is this wise? Self-evidently it is not, unless you believe the global population should be reduced by up to 90% and don’t mind “nuclear winter,” massive destruction, radiation poisoning, and worse.

Neither candidate will address the huge problems we face, although one or the other might make progress on the “transgender bathroom” dilemma.

The Titanic sized US economy may not sink on Election Day, but a country that flings itself headlong into catastrophe will not like the consequences.

In the meantime, Silver Flies, Paper Dies!

Gary Christenson

The Deviant Investor

…related: Gold and Silver: Connecting the Dots

Over the past decade, the Canadian dollar has fluctuated significantly against the U.S. dollar. Depending on one’s perspective, this has been greeted with either delight or dismay. For individuals with U.S. dollar investments, these swings could produce unanticipated tax consequences.

On the sale of a capital asset, the resulting capital gain or capital loss is the difference between the proceeds received on disposition and the adjusted cost base of the capital asset, less disposition costs. In situations where the capital asset is purchased and/or sold in a currency other than Canadian dollars, the question that generally arises is how to report this transaction for Canadian tax purposes.

It is the Canada Revenue Agency’s position that each transaction must be reported in Canadian dollars using the foreign exchange rates in effect at the relevant times. Thus, the proceeds of a disposition would be determined using the foreign exchange rate prevailing at the time the capital asset is sold; conversely, the adjusted cost base would be calculated using the foreign exchange rate at the time the capital asset was purchased.

For example, consider the situation where an individual purchased a share in Company X for US$1,000 when the foreign exchange rate was at par. The individual then sold the share in Company X at a later date for US$900 when the foreign exchange rate was 1.1111. Although the individual would have realized a loss on the shares from a U.S. dollar perspective, assuming no disposition costs, for Canadian tax purposes the individual would have no gain or loss as the proceeds of disposition in Canadian dollars (i.e., US$900 x 1.1111 = C$1,000) would be equivalent to the adjusted cost base in Canadian dollars (i.e., US$1,000 x 1.0000 = C$1,000).

As this example illustrates, even though a transaction may appear to produce one result in a foreign currency, when the fluctuations in foreign exchange rates between the dates of purchase and sale are contemplated, the results for Canadian tax purposes can be significantly different than expected.

Danny Pero – www.retiretoday.ca

Canaccord Genuity Wealth Management

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This newsletter is solely the work of the author for the private information of clients. Although the author is a registered Investment Advisor at Canaccord Genuity Corp., this is not an official publication of Canaccord Genuity Corp. and the author is not a Canaccord Genuity Corp. analyst. The views (including any recommendation) expressed in this newsletter are those of the author alone, and are not necessarily those of Canaccord Genuity Corp. The information contained in this newsletter is drawn from sources believed to be reliable, but the accuracy and completeness of the information is not guaranteed, nor in providing it do the author or Canaccord Genuity Corp. assume any liability. This information is given as of the date appearing on this newsletter, and neither the author nor Canaccord Genuity Corp. assume any obligation to update the information or advise on further developments relating to information provided herein. This newsletter is intended for distribution in those jurisdictions where both the author and Canaccord Genuity Corp. are registered to do business in securities. Any distribution or dissemination of this newsletter in any other jurisdiction is prohibited. The holdings of the author, Canaccord Genuity Corp., its affiliated companies and holdings of their respective directors, officers and employees and companies with which they are associated may, from time to time, include the securities mentioned in this newsletter.

The preceding information is for general information only and does not constitute tax advice. All investors should consult with a qualified tax accountant.
Tax & Estate advice offered through Canaccord Genuity Wealth & Estate Planning Services.

Michael comes up with a real head twister. Can you choose correctly the Presidential candidate who talks about themselves the most?

….don’t miss Tyler Bolhorn on the Markets Today