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Silver Specs Signal It’s Time To Start Buying

Authored by John Rubino via DollarCollapse.com, The gold futures market took a big step towards bullish — or at least neutral — in the past week. Speculators (usually wrong at big turning points) scaled back their long bets while commercials (usually right at turning points) reduced their net short positions. This is progress, but still leaves speculators long and commercials short. The message: wait a few more weeks for 2019’s best entry point. But silver’s story is a lot more interesting. In that market, speculators are now aggressively net short: Here’s the same data in graphical form: Note that in September 2018, the last time speculators were comparably net short (visually, with the gray bars below the above graph’s center divide), silver was putting in a bottom that preceded a nice run through February of 2019. This divergence between gold (wait and see) and silver (start buying now) is confirmed by the gold/silver ratio, which is at a multi-year high, implying that silver is undervalued relative to gold. Past spikes in this ratio have preceded precious metals bull markets in which silver outperformed...

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Former CNN Contributors Slam ‘Hate Trump’ Network That ‘Openly Despises Conservatives’ 

A spate of conservatives who used to be employed by CNN have come forward with claims that they were driven out by the network’s rampant “anti-Trump” bias and a culture that “openly despises conservatives.”  “Most of us got squeezed out involuntarily,” said former Georgia congressman and CNN contributor, Jack Kingston in an interview with Mediaite. “I was there for two years and was certainly willing to continue. It was clear to me in the end that the Republicans they prefer are anti-Trump Republicans.“ Former Congressman Jack Kingston and wife Libby, 2014 Another former contributor – former NYPD Detective and counterterrorism expert Harry J. Jouck said “My contract with CNN wasn’t renewed because I disagreed with Brain Seltzer on air and heard I was immediately pulled off by Zucker, I had 6 months left on my contract and was never on again after that!” My contract with CNN wasn’t renewed because I disagreed with Brain Seltzer on air and heard I was immediately pulled off by Zucker, I had 6 months left on my contract and was never on again after that!https://t.co/mkhrqBNpE4 — Harry J Houck (@harryjhouck) May 25, 2019 Other conservatives to get the shaft include Ed Martin and Jeffrey Lord, who were fired for comments made outside the network, as well as former South Carolina Lt. Gov. Andrew Bauer. Former Trump campaign and administration officials Corey Lewandowski, Jason Miller...

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“Wikipedia Is… Broken,” Controlled By Special Interests & Bad Actors Says Co-Founder

Authored by Sharyl Attkisson, I’ve done quite a bit of reporting about how Wikipedia is definitely not “the encyclopedia anyone can edit.” It’s become a vehicle for special interests to control information. Agenda editors are able to prevent or revert edits and sourcing on selected issues and people in order to control the narrative. My own battle with Wikipedia included being unable to correct provably false facts such as incorrect job history, incorrect birth place and incorrect birth date. What’s worse is that agenda editors related to pharmaceutical interests and the partisan blog Media Matters control my Wikipedia biographical page, making sure that slanted or false information stays on it. For example, they falsely refer to my reporting as “anti-vaccine,” and imply my reporting on the topic has been discredited. In fact, my vaccine and medical reporting has been recognized by top national journalism awards organizations, and has even been cited as a source in a peer reviewed scientific publication. However, anyone who tries to edit this factual context and footnotes onto my page finds it is quickly removed. What persists on my page, however, are sources that are supposedly disallowed by Wikipedia’s policies. They include citations by Media Matters, with no disclosure that it’s a partisan blog. Another entity quoted on my Wikipedia biographical page to disparage my work is the vaccine industry’s Dr. Paul Offit. But there’s no mention...

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Top Democrat Slams “Studio Gangster” Trump

Rep. Hakeem Jeffries (D-NY) said on Sunday that President Trump is a “studio gangster” – talking tough but not backing it up, after Trump walked out on an infrastructure meeting last week with House Speaker Nancy Pelosi (D-CA) and Chuck Schumer (D-NY), citing the ongoing Congressional investigations into he and his administration. “Donald Trump is functionally a studio gangster. He pretends to be a tough guy but he really is just playing that role on TV,” Jeffries told MSNBC‘s Chuck Todd, adding “He pretends to be a tough guy, but he is really just playing that role on TV. Hopefully, he will have gotten this temper tantrum out of his system. He can come back from Japan. We have crumbling bridges, roads, tunnels, airports, mass transportation systems. We need to get to work to fix it. We have a plan and we’d like to do it in a bipartisan way.”  “You know, the president didn’t just walk out on a meeting with [House Speaker] Nancy Pelosi and infrastructure, Chuck. He walked out on the American people,” he added.  Jeffries danced around the question of impeachment, saying “We work for the American people. We have a constitutional responsibility to serve as a check and balance on a potentially out-of-control executive branch. But we will not overreach. We will not overinvestigate. We will not overpoliticize that responsibility. We will proceed as...

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Macron Suffers Huge Blow With Defeat To Le Pen

In what may be the biggest shock from today’s European parliamentary elections, President Emmanuel Macron is set to suffer a blow with French voters set to hand a victory to Marine Le Pen’s National Rally, picking the vocal Eurosceptic and nationalist over the former Rothschild banker. Macron’s Republic on The Move will have just 22.5% of the vote compared with 24% for Le Pen, according to pollsters Ifop. With Macron and Le Pen neck and neck ahead of the elections, the outcome will be a humiliation for the liberal politician who said before the elections that everything less than 1st place would be a defeat. Rounding out the The Greens were third with 13%, the conservative Republicans got 8%, while the implosion of the Socialists continues, coming in dead last with just 6.5% of the vote. Macron’s default took place even as turnout was up around 10% points from 2014, however the increase was particularly marked in regions where Le Pen’s party has gained ground in the past years. In other words, as establishment apathy gets entrenched, the populist vote is increasingly demanding to be heard. It gets worse: to the shock of globalists and statists everywhere, this is Le Pen’s second straight victory in the EU vote. In 2014 she beat the conservatives by 4 percentage points with Macron’s Socialist predecessor Francois Hollande trailing in third. As Bloomberg...

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“The Fund Went Seriously Wrong This Month” – The World’s Most Bearish Hedge Fund Suffers Spectacular Loss

According to (always wrong) conventional wisdom, anybody who has remained bearish on global markets since the financial crisis has not only lost a boatload of money, but has missed out on the opportunity to cash in on one of the most torrid bull markets in recent memory. They should also be out of business, insolvent or both. However, as Horseman Global’s Russell Clark has proven over and over again, this is not the case at all. A few years back, we anointed Horseman “The world’s most bearish hedge fund” for a very simple reason: Of all existing asset managers, Horseman may be the one with the biggest and longest net short position in history. Just look at the chart below, which shows not only that Clark’s net exposure was a remarkable $-60.58% (after -88.14% in March), with a gross short position of 108%, but that he had been effectively net short since 2011. Yet, to assume that Clark has either thrown in the bearish towel, or somehow lost his shirt over the past ten years would be a mistake. Actually, his fund outperformed the S&P 500 for the period between 2012 – when he first went net short – until the end of 2018, only underperforming in  2016. In 2014, Clark posted double-digit returns when oil prices cratered (he was short). In 2013, he made money shorting Brazilian equities....

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Farm Crisis: Corn Planting Slowest On Record For This Time Of Year

American farmers have some of the most corn acres left to plant, last week, than any other date on record, reported the Crop Progress Report -written by the United States Department of Agriculture (USDA). The USDA warned corn planting is currently at 49% complete, behind the 80% five-year average. Highlights from the report: Corn emerged from the ground 19% vs. 10% last week, 47% a year ago Soybeans planted 19% vs. 9% last week and 53% a year ago Soybeans emerged 5% vs. 24% a year ago Spring wheat planted 70% vs. 45% last week, and 76% a year ago Spring wheat emerged 26% vs. 10% last week and 34% a year ago Cotton planted 44% vs. 26% last week and 50% a year ago Winter wheat 66% g/e vs. 64% last week, and 36% a year ago Kansas 60% g/e vs. 56% a week ago As of last weekend, Iowa farmers had 70% of their corn planted versus the 89% five-year average. Illinois farmers had 24% of their corn planted versus the 89% five-year average. Indiana farmers had 14% planted versus the 73% five-year average. In the western Corn Belt, farmers had 70% of their corn planted versus the 86% five-year average. “Disastrous weather conditions have led to an anomalous amount of corn yet to be planted across the United States. After 10-20 inches of rainfall since the...

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Begging For Help: NM Gov Changing Her Tune On Immigration “Crisis”

Authored by Sarah Cowgill via LibertyNation.com, So much for the border crisis being a charade – Gov. Grisham went to the Swamp to beg for help. The radical-leftist governor of New Mexico, who sent National Guard troops packing in February, needs federal help now, it seems. She’s in the Swamp to beg for funding as illegal immigrants overwhelm the state. After months of neglecting the border cities and towns, toeing the DC elite party line of no “crisis” here, and facing a veritable citizens’ revolt in the Land of Enchantment, Governor Michelle Lujan Grisham is demanding federal government assistance for the dire situation – one she exacerbated through indifference to constituents. Michelle Lujan Grisham And it comes on the heels of yet another county drawing a line in the sand and refusing any further influx of illegal immigrants seeking asylum. Sierra County, boasting a population 11,116 and a 21% poverty rate, joined Otero and Lincoln counties in passing resolutions opposing the relocation of migrants to their communities. This isn’t just happening in these three counties, either – it’s an untenable and cruel situation being thrust on an impoverished state by government officials who seem to be mere puppets for the Democratic Party. According to Deming City Administrator Aaron Sera, in Luna County, buses unload between 300 and 500 immigrants each day. As a town of a 14,183, it has been mercilessly overwhelmed by...

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It’s Like “Negotiating With The Devil” – Revolutionary Guard Admiral Slams Washington Warmongers

Tehran and Washington haven’t had formal diplomatic relations since the Iranian Islamic Revolution deposed the Shah back in 1980. And according to one senior official with the Islamic Revolutionary Guard Corps., there’s good reason for that. Negotiating with the US, said IRGC Rear Admiral Ali Fadavi, is like “negotiating with the devil,” and negotiating with the devil, as the Quran says, “bears no fruit.” Fadavi was quoted by Iran’s Fars News agency during a discussion of the longstanding rupture in diplomatic relations between the two countries. Last month, President Trump designated the IRGC a “foreign terrorist organization.” Fadavi went on to denounce the growing American military presence in the region as the “weakest in its history,” and added that the influence of Iran’s regional arch-rival Saudi Arabia was “the weakest in its history,” according to RT. Because of unspecified “credible” threats involving Iran, the Pentagon has been steadily expanding its military presence in the region. The USS Abraham Lincoln carrier strike group, stationed near the Persian Gulf, was recently joined by three guided-missile destroyers. A B-52 bomber squadron is on alert at a base in nearby Qatar, and Trump has reportedly signed off on a plan to send another 1,500 troops to the region to reinforce the American presence in Iraq, as well as a dozen fighter jets and a drone fleet. Washington has claimed that its latest show...

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Tariffs On China Do Not Solve Lack Of US Competitiveness

Authored by Tom Luongo, I’ve been making arguments for months that Donald Trump’s trade war with China is the height of stupidity. While Trump has the power to do what he’s been doing – sanctioning actors and applying tariffs – some power is best left not used. The simple fact is that America is uncompetitive. This is at a deep and structural level. It’s at an education level. And this is something Trump’s trade team and his adherents refuse to admit. When it comes to manufacturing and assembly, U.S. workers are not worth the money they are paid. Period. Don’t take my word for it. Take Tim Cook’s. In an eye-opening interview from the end of 2017 Cook explains the basic problem with the U.S. And China has an abundance of skilled labor unseen elsewhere, says Cook: “The products we do require really advanced tooling, and the precision that you have to have, the tooling and working with the materials that we do are state of the art. And the tooling skill is very deep here. In the US you could have a meeting of tooling engineers and I’m not sure we could fill the room. In China you could fill multiple football fields.” Cook credits China’s vast supply of highly skilled vocational talent: “The vocational expertise is very very deep here, and I give the education system a lot of...

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