On Monday, I published an article (click here) and additional Facebook posts (click here) explaining that we were inside a 24 hour window where precious metals were likely setting a bottom.  Upside momentum has faded and bullion manipulators are going to try to pressure prices downward.  So far, the bottom has held but Thursday and Friday are key and Fed Chair Yellen is speaking before Congress on Thursday.  December will see a 25 basis point Fed Funds rate hike, and this is already priced into the precious metals market but that doesn’t mean the market will not be attacked on Thursday!  If we get an attack timed in association with Yellen’s Congressional testimony, it should be short-lived.

Jason and I recorded WTD #29 last Monday, after the New York market close.  – Eric Dubin

TND Podcast Spotlight: Welcome to Dystopia #29  

The election is finally over!  Tune into this week’s after election assessment as Jason and Eric examine some of the names proposed for various Trump cabinet positions and what we might learn about the Trump presidency.  Don’t miss Jason’s “The Real Reasons Why Corrupt Hillary Clinton Lost the 2016 Election” – click here.

Markets when nuts in the election aftermath.  Eric nailed the election outcome almost to the state with his impressive Facebook forecast (click here), articles (e.g., click here) and multiple interviews in the week leading up to the election.  Nevertheless, he jokes about the market having handed him his head as the immediate gold reversal went against his trades, November 9th.  The intermediate- and long-term are going to be defined by bond market dynamics and their interface with all other markets.  For context and as referenced during the show, see:

Precious metals mining companies are going to face financing difficulty in the intermediate-term.  Burack talks about how there’s not enough capital available to build a lot of new gold and silver mines to offset depletion from producing mines. This means there will be future supply problems that will be solved with higher prices.spirit-cooking

Scumbag Nominees:
1) George Soros return nomination for bankrolling anti-Trump post-election protests;
2) Hillary Clinton return nomination for blaming Obama, the FBI and maybe Obama’s dog for her loss;
3) The Podesta Brothers – anyone been to a good “spirit cooking” lately?
4) Mainstream media for their one sided PR/propaganda coverage promoting a Hillary Clinton win prior to the election

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Mr. Dubin is the Managing Editor of TheNewsDoctors.com. He has 25 years of experience as an independent buyside securities and global macro analyst. He has well over a decade of experience as a financial journalist, editor and political analyst. He’s primarily an autodidact, but his formal education includes degrees in economics, international relations and MBA. He welcomes feedback on his articles and will make an effort to respond to comments. Email Eric by sending to “Eric” and then @TheNewsDoctors.com. He can also be “followed” on Facebook: https://www.facebook.com/EricDubin

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wall street for main street bio photoAbout Wall Street For Main Street
We provide in depth content from many investing experts all over the globe. Over 250 interviews with many top experts including Jim Rogers, Doug Casey, Dr. Marc Faber and Jim Rickards! Over half a dozen billionaires interviewed! Unique, in depth round table discussions with experts on interesting investing topics about different asset classes and sectors of the economy.  Wall St For Main St, LLC was founded by Jason Burack from JasonBurack.com and Mo Dawoud from Momoney Blog in 2009.  We are a unique investor education and financial education start-up company out of the DC/Northern Virginia area with a mission to revolutionize the way people learn how to invest.  Visit our website (click here) and our YouTube channel (click here).
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