This article is about as negative on President Trump as CNN and Chuck Schumer are. With all due respect Mr. Bruno you have the cart in front of the horse. President Trump is in the process of keeping many of his campaign promises and it would be foolish to expect all of them to be met in the first 2 years.
You also mention his tactics are becoming obvious and are no longer viable. Let me remind you that he is resting his NAFTA case on facts and the facts are prior administrations have failed to secure fair trade across the globe. We have a 360 billion dollar trade in balance with China alone and they have given is the shaft while they control the mine. America has the incredible economy that China, Canada, Mexico, EU, and other nations need. They will have to deal with the loss if things don’t work out. President Trump is in command with these facts.
We also have the future of robotics working for us that offset cheap labor in China, Mexico, India, etc. and it is moving at breakneck speed. Facts Mr. Bruno are on President Trumps side.
The most important fact is we can not continue to survive with the huge trade deficits in place. Outflows significantly outpacing inflows is simple math and it can not continue indefinitely when the good ol USA is over 22 trillion in debt and that doesn’t include the monumental unfuded liabilities of Social Security, Medicare, Medicaid, government pensions, welfare, illegal immigration costs, and other government programs.
Ask yourself how long can we continue down this path? Facts are facts and we can not continue to deny their existence and impact on our future. I would say President Trump is who understands this better than most and will use the facts to change this trade imbalance along with other determinetal issues this country is facing.
So as you infer that we continue down the same old path and then what can we expect when the impending day of reckoning comes? What then? Do you think our trading partners are oblivious to this fact? Surely they aren’t that ignorant are they?
What causes concern for me is how they are/were censoring certain information that they deemed inappropriate based on their personal political view. I understand even google is trying to limit searches that are not in line with their political leanings.
I am in the process of trying to unravel the mystery of NG and what the catalyst are for pricing swings. I liked your article for it brevity and insights but don’t understand what some of the chart acronyms mean. i.e K8 M8 K/M
Abe, thanks for your insight on PSLV. I called Sprott and talked to them about the discrepancy. It was pointed out to me that since their initial offering PSLV was at a premium to other silver ETF’s and they don’t know why the fund has been underperforming over the past 12 months but are confident we will see a reversal of the current trend.
Over that past 12 months PSLV has had a consistent pattern of closing below SLV & spot prices and I am having a very difficult time understanding why. Did the premium they enjoyed prior to that simply catch up to spot prices and equilibrium is taking over?
NG is very interesting here because storage is close to a 5 year low yet the price continues to be bearish. Rig counts are increasing and that is the only justification I can see at this point for depressed pricing.
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This article is about as negative on President Trump as CNN and Chuck Schumer are. With all due respect Mr. Bruno you have the cart in front of the horse. President Trump is in the process of keeping many of his campaign promises and it would be foolish to expect all of them to be met in the first 2 years. You also mention his tactics are becoming obvious and are no longer viable. Let me remind you that he is resting his NAFTA case on facts and the facts are prior administrations have failed to secure fair trade across the globe. We have a 360 billion dollar trade in balance with China alone and they have given is the shaft while they control the mine. America has the incredible economy that China, Canada, Mexico, EU, and other nations need. They will have to deal with the loss if things don’t work out. President Trump is in command with these facts. We also have the future of robotics working for us that offset cheap labor in China, Mexico, India, etc. and it is moving at breakneck speed. Facts Mr. Bruno are on President Trumps side. The most important fact is we can not continue to survive with the huge trade deficits in place. Outflows significantly outpacing inflows is simple math and it can not continue indefinitely when the good ol USA is over 22 trillion in debt and that doesn’t include the monumental unfuded liabilities of Social Security, Medicare, Medicaid, government pensions, welfare, illegal immigration costs, and other government programs. Ask yourself how long can we continue down this path? Facts are facts and we can not continue to deny their existence and impact on our future. I would say President Trump is who understands this better than most and will use the facts to change this trade imbalance along with other determinetal issues this country is facing. So as you infer that we continue down the same old path and then what can we expect when the impending day of reckoning comes? What then? Do you think our trading partners are oblivious to this fact? Surely they aren’t that ignorant are they?
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What causes concern for me is how they are/were censoring certain information that they deemed inappropriate based on their personal political view. I understand even google is trying to limit searches that are not in line with their political leanings.
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I am in the process of trying to unravel the mystery of NG and what the catalyst are for pricing swings. I liked your article for it brevity and insights but don’t understand what some of the chart acronyms mean. i.e K8 M8 K/M
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Abe, thanks for your insight on PSLV. I called Sprott and talked to them about the discrepancy. It was pointed out to me that since their initial offering PSLV was at a premium to other silver ETF’s and they don’t know why the fund has been underperforming over the past 12 months but are confident we will see a reversal of the current trend.
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Over that past 12 months PSLV has had a consistent pattern of closing below SLV & spot prices and I am having a very difficult time understanding why. Did the premium they enjoyed prior to that simply catch up to spot prices and equilibrium is taking over?
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NG is very interesting here because storage is close to a 5 year low yet the price continues to be bearish. Rig counts are increasing and that is the only justification I can see at this point for depressed pricing.
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Abe, can you explain why PSLV has grossly underperformed SLV over the past 3 & 12 months? My calculation show them around 3% YTD down from SLV.