In The News Today

Posted at 4:23 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

…because gold IS money, oil is not!

Gold Or Oil: Which Is A Better Iran Crisis Hedge? Here Is Goldman’s Answer
January 6, 2020

Now that Dennis Gartman’s daily recos can no longer be faded, algos are feeling just a little confused: after all, with no 100% guaranteed way to make money, some risk has to be taken and that just won’t stand. So what is a good alternative to the “Gartman Letter”? Here Goldman’s sellside recos certainly come to mind. And while nobody can ever come close to the uncanny Gartmanity of Goldman’s former FX strategist, Thomas Stolper, Goldman’s research desk does have a peculiar habit of advising its clients to do precisely the opposite of what Goldman’s own prop desks are doing at any one moment.

Which is why we have some bad news for gold longs, who have enjoyed a tremendous surge in the price of pet rock in the past year, and which is now up about 40% higher than when some WSJ hack decided to mock gold back in July 2015…

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Bill Holter’s Commentary

But we were told “climate change” was the culprit…?

Nearly 200 People Arrested Across Australia For Deliberately Starting Bushfires
January 6, 2020

Authorities in Australia have arrested close to 200 people for deliberately starting the bushfires that have devastated the country, yet the media and celebrities continue to blame “climate change” for the disaster.

The fires have caused at least 18 deaths, destroyed thousands of homes, millions of hectares of land and killed hundreds of millions of animals.

A total of 183 people have been arrested by police in Queensland, NSW, Victoria, South Australia and Tasmania for lighting bushfires over the last few months, figures obtained by news agency AAP show.

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