“In Pot We Trust”: Marijuana Experts Gather in D.C.

This post “In Pot We Trust”: Marijuana Experts Gather in D.C. appeared first on Daily Reckoning. Roll out the red carpet… Or maybe the green one instead! Because if you haven’t heard already, the “mother of all” pot conferences just wrapped up in our nation’s capital. It was a meeting of all the major players […]

Sinkhole Opens In Front Of Mar-a-Lago, Jokes Pour In

With Trump traveling half-way around the globe, on Monday an amusing “event of nature” took place at the president’s favorite “ground zero”, when a sinkhole opened up in front of Trump’s Mar-a-Lago resort where he has previously hosted world leaders including China’s Xi Jinping and Japan’s PM Shinzo Abe, prompting an advisory from the Town […]

King Dollar; Breaking key support levels

The US Dollar (CURRENCY:USD) has shown strength versus the Euro (CURRENCY:EUR) since 2008, with the “meat” of that strength coming in the last 3 to 4 years. This strength worked as a headwind for precious metals, emerging markets, and at times, the domestic economy. But that market dynamic is at a crossroads… and may be nearing a turning point. A currency “shift” here would […]

Anjin employees still waiting for termination benefits

A report published today by Zimbabwean newspaper News Day reveals that 127 former Anjin Investments employees owed some $407,442 in termination benefits won’t receive payments anytime soon. According to the paper, their application was removed from the roll at the High Court pending Anjin’s Constitutional Court challenge against the State. The workers’ contracts were terminated […]

Silver Surges As Shorts Hit 2-Year High

The so-called 'smart-money' has been piling into short silver positions in the last few weeks (creating the biggest hedge fund silver short in two years as of last week)… as silver rebounds from a record losing streak. The last two times hedgies were this short, silver managed notable gains… It appears that after a record-breaking […]

GEFIRA Responds To Soros' Senior Officer's "Fake News" Allegations

Via GEFIRA, An answer to Constanza Hermanin of Huffington Post and formerly of Open Society Huffington Post recently posted in its blogging section an article, by Constanza Hermanin, professor at Science Po and the College of Europe and former Open Society’s senior officer, one of George Soros’s NGOs. The Gefira Foundation was accused in the […]

Seth Klarman “Triple Crowned” His Portfolio

This post Seth Klarman “Triple Crowned” His Portfolio appeared first on Daily Reckoning. This past weekend, just a 6.3 mile drive from our headquarters in Baltimore, a hometown hero was crowned. In case you missed it, Cloud Computing — a horse owned by Baltimore-raised hedge fund manager Seth Klarman — won the 142nd Preakness at […]

Diamond ring bought for £10 now worth thousands

Jessica Wyndham, head of Sotheby’s London jewelry department, revealed to the BBC that a 26.27-carat cushion-shaped white diamond from the 19th Century is expected to be auctioned by the house for over 300,000 euros, but it was originally bought for £10. The diamond is encrusted in a ring that a woman bought at West Middlesex […]

Trump Saves Obamacare Again… For Now

The Trump administration and the House have officially asked for another 90 days to work out a lawsuit over subsidies that help poorer people afford to use their Obamacare insurance plans, further delaying a long-running legal fight that’s already destabilizing the health law. As Axio snotes, the key point is – "The parties continue to […]

Meanwhile, In Baltimore…

Via StockBoardAsset.com, What I Saw Today In Maryland… The Militarization Of Police. The intensive militarization of America’s police forces is a serious topic of which the mainstream media somewhat ignores. On my travels to Hunt Valley, Maryland, I stumbled upon a family oriented charity event for law enforcement at the University of Maryland Extension. I was shocked […]

Biden 2020: Former VP Continues To Fuel Speculation Of Presidential Ambitions

Last week at the SALT conference in Las Vegas, Joe Biden sent some mixed messages about a potential 2020 presidential run.  First, he took a shot at Hillary saying she “was never a great candidate” though he followed that up by adding that she “would have been a really good president”…which makes perfectly good sense.  […]

Forget GDXJ – Follow The Real Money Into Gold, Silver And Juniors

Silver Doctors / The News Doctors invited me onto their weekly SD Bullion Metals and Markets show to discuss why both the technicals and fundamentals are setting up for an unexpected rally into the summer in gold, silver and the mining shares, specifically the juniors. Subsequent to our recording, the weekly Commitment of Traders report […]

Silver strongly regains $17 handle with a 1.5% Monday morning move

On May 22 silver is up over 1.5% to $17.20 as it finally breaks through the $17 resistance barrier after three attempts in the past seven days. In fact silver is up over $1.00 since its May 9 lows of $16.20, and has alot of steam behind it with many of the open shorts on […]

Why The Left Refuses To Talk About Venezuela

Authored by Ryan McMaken via The Mises Institute, During the 2016 presidential election, Bernie Sanders refused to answer questions about Venezuela during an interview with Univision. He claimed to not want to talk about it because he's "focused on my campaign." Many suggested a more plausible reason: Venezuela's present economy is an example of what happens when […]

Trump's Budget Will Slash $1.7 Trillion In Entitlements, Cut Food Stamps By 25%

More details from President Donald Trump’s first budget proposal are trickling out via a flurry of overnight reports from The Washington Post, Associated Press and Bloomberg News. Here are some of the highlights from the latest batch of trial balloons: The budget will slash $1.7 trillion in spending on entitlement programs, according to Bloomberg. Trump’s […]

They’re Writing Trump’s Obituary

This post They’re Writing Trump’s Obituary appeared first on Daily Reckoning. The smoke has cleared. After last week’s volatility shock, stocks are settling back into their boring routine. The major averages absorbed Wednesday’s gut punch like champions. Despite the Dow’s 375-point swoon, the Big Board finished the week down a little less than half a […]

They’re Writing Trump’s Obituary

This post They’re Writing Trump’s Obituary appeared first on Daily Reckoning. The smoke has cleared. After last week’s volatility shock, stocks are settling back into their boring routine. The major averages absorbed Wednesday’s gut punch like champions. Despite the Dow’s 375-point swoon, the Big Board finished the week down a little less than half a […]