In The News Today

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Bill Holter’s Commentary

She has been a Congressman for less than 6 months and demands a pay raise?  Would you expect anything less from a silver spoon socialist with bartender experience!  I hope she stays around for a while for laughs, even idiots know she doesn’t know…

Ocasio-Cortez Upset by Lack of Congressional Pay Raise
June 11, 2019

Rep. Alexandria Ocasio-Cortez (D-NY) is unsettled by the House Democrats’ decision to hold off pursuing a bill that would have provided members of Congress with a pay raise, tweeting Tuesday a lack of action will result in more corruption in Congress.

The cap on congressional salaries has been frozen for the last decade. Given the positive state of the Trump economy, House Democrats were considering unfreezing the cap on congressional salaries and resuming the previously automatic cost-of-living increases as part of a broader $1 trillion spending bill.

The move would have provided members of Congress with a $4,500 raise next year.

However, Democrat leadership decided to scrap consideration of the bill after rising concerns from other Democrats– particularly from freshmen Democrats in swing districts. Voting themselves a pay raise during an election year would look wildly out-of-touch, some political analysts warned.

“Nobody wants to vote to give themselves a raise. There’s nothing good about that,” Rep. Katie Hill (D-CA) said, according to Politico.

Rep. Joe Cunningham (D-SC) also opposed the move and told House Majority Leader Steny Hoyer on the floor that it was “bad politics and bad policy.”

Hoyer did not take a strong stance either way, previously noting that there is “never” an ideal time for Congress to give itself a raise.


J. Johnson’s Latest – Resolute Longs are Still Holding the Trade!
June 11, 2019

Great and Wonderful Hump Day Morning Folks,   

      After 2 days of attempted Resolute Long Liquidation (in Ag), which has failed so far, Gold is still gaining ground with its trade at $1,339.40 gaining $8.20 after reaching as high as $1,342.30 with the starting point being the low at $1,329.80. Silver, the tag along kid, is still being dragged on a leash with its trade at $14.775, up only 3.5 cents after reaching up to $14.86 before more shorts were added as we see the attempt to make another British low as they try to send Silver below the low of $14.71, close to last night’s restarting point. The US Dollar, the fiat everything is gauged under, is showing a current trade at 96.72, up 7.5 points and close to the high of 96.735 after the low was reached at 96.545.    

      Gold, under the Venezuelan Bolivar is now trading at 13,377.26, jumping up 156.81 Bolivar in the overnight with Silver now at 147.565, it too being dragged by the leash and only gaining 1.348 Bolivar. Gold under the Argentine Peso is now gauged at 59,849.98 regaining more than double from yesterday’s quote with Silver now at 660.252 gaining 3.348 A-Pesos as the Ag trade leads Gold under this currency. The Turkish Lira has Gold pegged at 7,758.43 Lira, tripling more than yesterday’s loss with Silver now priced at 85.5773, only rising some .445 in T-Lira value.     


Bill Holter’s Commentary

Gold is Paul Tudor Jones’ favorite investment over the next 12-24 months…

Gold Is Paul Tudor Jones’s Favorite Trade for Next 12-24 Months
June 12th, 2019