Spectacular Gold COT Report

By John Rubino – Re-Blogged From Dollar Collapse

No need to mince words anymore. If the futures market still influences gold’s price, then that price is going to spike. And silver is better than gold.

Since January, gold futures speculators have been trending from extremely bullish to scared short. And in the week ending last Tuesday (the most recent data available) they appeared to capitulate, adding a massive number of short positions while marginally cutting their longs. They’re now about as close to neutral as they’ve ever been. Based on the history of the past decade this is hugely bullish, since speculators tend to be wrong when they’re fully convinced they’re right.

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Chipping Away at ObamaCare

By Scott W. Atlas M.D. – Re-Blogged From Headline Health

Americans keep winning on health care reform.

The public may only hear about a bungling Congress that could not repeal and replace the Affordable Care Act (ACA) – aka ObamaCare – even though it has been imploding on its own.

Less publicized, the Trump administration continues to implement important, strategic reforms that empower consumers, lower the cost of insurance, and improve access to more affordable medical care. And the administration just delivered again.

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Stock Market Signals Are Flashing Red

By Michael Snyder – Re-Blogged From Freedom Outpost

So many top professionals in the financial industry are sounding the alarm about a coming stock market crash right now.  And there certainly have been rumblings in 2018 – not too long ago we had a three-day stretch that was called “the tech bloodbath”, and during that time Facebook had the worst day for a single company in stock market history.  But we haven’t seen the really big “crash” yet.  Many have been waiting for it to happen for several years, and some people out there are convinced that it is never going to come at all.  Of course, the truth is that we are in perhaps the largest stock market bubble that our nation has ever seen, and all other large stock market bubbles have always ended with a major price collapse.  So whether it happens immediately or it takes a little while longer, it is inevitable that stock prices will eventually return to their long-term averages.

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Charlottesville, Harvard Lawsuit, and Point-Based Immigration

Re-Blogged From Hillsdale College

HUGH HEWITT: Morning glory, America, from the ReliefFactor.com West Coast studio where dawn is breaking over a smoky sky and Lake Elsinore is surrounded and battling to save its homes, its parks, and its wildlife. Here on the Hillsdale Dialogues, we look at the big issues and the big things that have mattered over the course of the week, the month, the year, the century, the millennium, indeed all of known human history with one or the other from Hillsdale College. All things Hillsdale at hillsdale.edu.

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Major Change in the Global Warming Groupthink

By Dr. Tim Ball – Re-Blogged From WUWT

Somebody said economists try to predict the tide by measuring one wave. This puts them in the same league as climate scientists trying to predict the climate by measuring one variable, CO2. It is no surprise that an amalgam of the two, climate and economics, produces even worse results, but that is what happened early in the anthropogenic global warming (AGW) deception.

The 1990 Intergovernmental Panel on Climate Change (IPCC) Report was, under the circumstances, a reasonable document within the bounds of what it set out to achieve. Yes, it was limited to only human causes of climate change by the definition given to it by the United Nations Framework Convention on Climate Change (UNFCCC). Yes, it was bureaucratically controlled by its creation through the World Meteorological Organization (WMO). Yes, it was built on a system that seemed to predetermine the outcome. Still, the overall Report provides a reasonable attempt to create an historical context for the hypothesis that human CO2 was causing global warming.

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Why Aren’t Widespread Labor Shortages Translating Into Roaring Wage Inflation?

By John Rubino – Re-Blogged From Dollar Collapse

Google “labor shortage” or “wage hikes” and the result is a picture of an overheating economy. Some examples from August 10:

Why Disneyland’s $15-an-hour labor deal is a win for workers everywhere

Colorado small businesses seek help with labor shortage

Washington growers struggle with labor shortage

Now hiring: teenagers (and anyone else willing to work)

You can’t read these headlines and not expect wages to climb dramatically as desperate companies pay what they have to in order to keep their customers happy. But the macro numbers tell a different story. Here’s the change in average hourly earnings over the past decade:

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Federal Deficits Are Worse Than You Think

By Mark Brandly – Re-Blogged From Silver Phoenix