We Are All Going to Die From Coastal Flooding*
* Those having net worths of $10MM or more need not read.
via Soren K Group and Marketslant
The opinion piece at bottom is by Dr. Joe Romm, a Founding Editor of Climate Progress, “the indispensable blog,” as NY Times columnist Tom Friedman describes it. We thoroughly enjoyed reading it. And as writers with trading DNA we wanted to know where the trade was.
What Does Elemetal Imply for Precious Metals?
Two days after the US military began to move the controversial THAAD anti-missile system into its deployment site in a South Korean golf course (over the protests of hundreds of locals who were promptly quieted when the police showed up), despite vocal protests from China which is "resolutely opposed" to the THAAD deployment and believes such a move would destabilize the regional balance of power, China said on Thursday that it would stage live fire drills and test new weapons to protect its national security, its Defense Ministry said.
Trump 100, Margin Debt Stock Bubble and Gold
European shares are lower, pressured by disappointing results by Deutsche Bank and ending a six-session gain, as Asian equities and S&P futures were little changed after a record-setting rally in world stocks which pushed the MSCI World index to over $50 trillion yesterday, fizzled after Trump released unconvincing tax cut plans prompting traders to "sell the news" while caution set in as the ECB met.