Rod Dreher points to Patrick Ruffini’s tweets on Trump from yesterday, and says this:
Which, I suppose, means a brokered Republican convention. Mayhem. If Trump is denied the nomination, it’s hard to see his people accepting that. It’s hard to see him accepting it.
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
Rather than fix what's broken with the real economy, ZIRP/NIRP has added problems that only collapse can solve.
The fundamental premise of global central bank policy is simple: whatever's broken in the economy can be fixed with zero interest rates (ZIRP). And the linear extension of this premise is equally simple: if ZIRP hasn't fixed what's broken, then negative interest rates (NIRP) will.
Overnight action saw gold jerked lower as Europe opened and Asia closed. Thanks to Nanex, we now see 'how' this occurred as the "gold spoofer" has returned. Once the spoofer disappeared, gold has rallied back up to the overnight highs... rigged?
75 gold futures contracts used to "spoof" prices lower...
Via Nanex
And once the spoofer left the building...
It seems $1200 is the line in the sand once again.
The algos are happy. Headlines proclaim Iran "supports" the Doha proposal to "freeze" oil production levels (at record levels) and oil spikes. However, what they failed to grasp was Iran's lack of commitment to actual production levels... i.e. Iran fully supports production cuts for everyone else... but will not freeze its own production.
China may not have troops or planes in Syria but that doesn’t mean it won’t be a part of World War III.
Even as the eyes of the world are now trained squarely on the Mid-East where the Russian and Iranian assault on Aleppo is set to draw the Saudis and the Turks into a ground war, the dispute over a tiny chain of islands in the South China Sea is still simmering.