Showing posts with label Verizon. Show all posts
Showing posts with label Verizon. Show all posts

Wednesday, January 24, 2018

Revenge of the Gold (and Silver) Bugs As Dollar Crashes

Stocks may be hurtling towards infinity and beyond, but the long-suffering holders of gold and silver are about to be rewarded for their patience and prescience.

Overnight, the dollar index breached the 90 level to the downside extending the trend which saw the dollar lose the most value in 14 years in 2017.

As the dollar falls, gold and silver can do nothing but appreciate in dollar terms, and with Treasury Secretary Steven Mnuchin speaking out in favor of a weaker dollar, the trend seems set to accelerate.

Meanwhile, the US Postal Service continues to cater to the Amazons of the world by hiking postage rates (particularly to retail and the lowest tier of commercial rates, Commercial Base) and punish small business.

Likewise, cell carrier Verizon continues to throttle the speeds of users of its "unlimited" bandwidth service in spite of regulations and court rulings which forbid the practice.

The corrupt news media continues to taunt the public with stories that President Trump is about to be grilled by special prosecutor Robert Mueller in the "Russiagate" probe, while all along the true traitors are still employed by the FBI and Department of Justice.

It seems that the tree of liberty is ready to be to be quenched again.

At the Close, Tuesday, January 23, 2018:
Dow: 26,210.81, -3.79 (-0.01%)
NASDAQ: 7,460.29, +52.2568 (+0.7054%)
S&P 500: 2,839.13, +6.16 (+0.22%)
NYSE Composite: 13,474.11, +3.74 (+0.03%)