David Stockman: ‘Overvalued’ Stocks to Plunge if US Sanctions Saudis

By F McGuire – Re-Blogged From Newsmax

Investment guru David Stockman warns that stocks would take a nosedive if the U.S. imposes sanctions against Saudi Arabia. “I think the market will take a big spill,” he recently told Fox Business Network.

President Donald Trump said Thursday it “certainly looks” like missing journalist Jamal Khashoggi is dead and warned of “very severe” consequences for the killing, Bloomberg said.

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You Can’t Eat Gold

By Keith Weiner -Re-Blogged From Gold Eagle

“You can’t eat gold.” The enemies of gold often unleash this little zinger, as if it dismisses the idea of owning gold and indeed the whole gold standard. It is a fact, you cannot eat gold. However, it dismisses nothing.

This gives us an idea. Let’s tie three facts together. One, you can’t eat gold. Two, gold is in backwardation in Switzerland. And three, speculation is a bet on the price action.

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Texas Dems Under Investigation After Sending Voting Applications with Citizenship Box Pre-Checked to Non-Citizens

The Texas Democratic Party is under investigation after being accused of sending out voter-registration applications to non-citizens with the citizenship box already checked “Yes.”

The possible violation was first raised Thursday by the Public Interest Legal Foundation (PILF), a nonprofit specializing in election integrity, which alerted both state and federal authorities.

Has “It” Finally Arrived?

By Chris Martenso – Re-Blogged From Gold Eagle

With the recent plunge in the S&P500 of over 5%, has the long-anticipated (and long-overdue) market correction finally begun?

It’s hard to say for certain. But the systemic cracks we’ve been closely monitoring definitely got an awful lot wider this week.

After nearly a decade of endless market boosting, manipulation and regulatory neglect, all of the trading professionals I personally know are watching withheld breath at this stage. The central banks have distorted the processes of price discovery and market structure for so many years now, that it’s difficult to know yet whether their grip on the markets has indeed failed.

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OPEC, Allies Struggle to Fully Deliver Pledged Oil Output Boost

By Thomson Reuters – Re-Blogged From Newsmax

OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola.

The Organization of the Petroleum Exporting Countries and allies agreed in June to boost supply as U.S. President Donald Trump urged producers to offset losses caused by sanctions on Iran and to dampen rising prices.

opec in capital blue letters ato four black barrels on white background

‘We Still Don’t Understand the Superstorms of the Anthropocene’… The Stupid, it Burns

By David Middleton – Re-Blogged From WUWT

From some SJW rag, via Real Clear Politics…

We Still Don’t Understand the
Superstorms of the Anthropocene

By Caroline Haskins, Oct 12 2018

As of this morning, five people have died in as a result of Hurricane Michael—in Virginia. That’s more than 800 miles away from where Hurricane Michael first made landfall in Florida.

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