WEEKEND WRAP: Stocks, Gold, Silver, Oil Bid; Treasury Yields Spike; Fakery and Fraud Rampant

For equity investors, December began pretty much the same way November ended. Stocks continued to plow ahead into new ground based on hope of vaccines that may or may not be effective in dealing with the fake pandemic virus, CV-19. All of the major indices broke out to new all-time highs by the end of the week.

The massive gains in stocks while the Main Street economy withers and dies is beginning to appear overvalued, to say the least. Mainstream media's propaganda machine continues to hype the number of new cases and flaunt deaths as though almost all are caused by the "hidden killer" while new unemployment claims remain elevated week after week over 700,000, and November's non-farm payroll report was disappointing, with only 245,000 new jobs created, the worst showing since April.

Doug Noland breaks down the week in many words.

Treasuries were sold off as money bled over into stocks, with yields on the 10-year note and 30-year bond approaching levels of a month ago, but prior to that not seen since March. 10-year note yield gained 13 basis points and the 30-year, 16, to 0.97% and 1.73%, respectively, for the week.

Oil continued to be troubling, as WTI crude ended the week at it's high point: $46.09 per barrel. The price gain is largely attributable to OPEC and a group of Russia-led oil producers (aka OPEC+) agreeing to increase output by 500,000 barrels a day next month at their meeting which wrapped up Thursday.

Normally, production increases would cause prices to tumble, but this case was different, as the original plan was for an increase of two million barrels a day, beginning in March. WTI and Brent crude oil prices are up 21% and 22%, respectively, in the past month, but they're still about 25% lower than pre-pandemic levels. In the pretzel logic that is now all things financial, the smaller increase is seen as a positive for oil prices, anticipating stronger demand as vaccines are rolled out and lockdowns expire after the holidays.

Never mind that prices for fuel at the pump are approaching pre-pandemic levels. Nobody is supposed to notice the unique timing of price increases when more people are ignoring the recommendations of the CDC and various state governors, more proof that the economic system currently in play is designed to eviscerate the middle class through Chinese-water-torture-style slow-drip inflation.

Precious metals finally got bid up after weeks of declines. Gold ended last week at $1781.90, bottoming at $1775.70 on Monday to finish up Friday at $1840.00. Silver gained from $22.55 an ounce last Friday to 24.32 on December 4, also hitting a low on Monday at $22.53. The gains are widely being hailed as evidence of the end of the recent consolidation period which has prevailed since new highs were made in August: $29.26 for silver and $2069.40 for gold. Along with cryptocurrencies, with Bitcoin making new all-time highs ($19,870.03 Tuesday, December 1) before backing off slightly, appears to be setting up alternatives to the flailing and failing US dollar and other fiat currencies for significant increases in 2021.

The most recent prices for common gold and silver items on eBay are presented below (numismatics excluded, shipping - often free - included):

Item: Low / High / Average / Median

1 oz silver coin: 27.00 / 45.95 / 34.41 / 33.84
1 oz silver bar: 30.50 / 49.99 / 38.07 / 38.25
1 oz gold coin: 1,925.00 / 1,986.29 / 1,959.41 / 1,953.04
1 oz gold bar: 1,899.95 / 2,065.00 / 1,955.38 / 1,943.68

Useful Educational Links:

Catherine Austin Fitts on what the COVID vaccines really are.

Masks don't work. In fact, they may actually help spread viruses. See here.

Wearing a mask offers no benefit over not wearing a mask.

It's a hoax! In Germany, doctors and lawyers set up a formal German Corona Investigative Committee and they have declared that Covid is simply another flu (CDC data shows 99.9% survival rate for most age groups). German-American lawyer, Dr. Reiner Fuellmich, outlines the scientific fraud in the Covid PCR test, which was not designed for diagnostic purposes (it is a research tool), and the crimes against humanity in the tyrannical governmental response (lockdowns):

"Crimes Against Humanity": The German Corona Investigation.

Summary of some of the findings in "The PCR Pandemic":

It is: The biggest tort case ever and the greatest crime against humanity.

Those responsible must be: Criminally prosecuted for crimes against humanity and sued for civil damages.

Deaths: There is no excess mortality in any country, corona virus mortality equals seasonal flu, and doctors and hospitals worldwide were paid to declare deceased victims of Covid-19.

Autopsies showed: Fatalities almost all caused by serious pre-existing conditions, almost all deaths were very old people. US states with and without lockdowns have comparable disease and mortality.

Tests: Many scientists call this a PCR-test pandemic, not a corona pandemic. Very healthy and non-infectious people may test positive. Likelihood of false positives is 89-94% or near certainty. PCR tests are useless for the detection of infections. A positive PCR test does not mean an infection is present or that an intact virus has been found. Amplification of over 35 cycles is unreliable but WHO recommended 45 cycles.

Illegality: Corona measures have no sufficient factual or legal basis, are unconstitutional and must be repealed immediately. Mainstream media completely failed to report the true facts of the so-called pandemic.

Conspiracy: Politicians and mainstream media deliberately drove populations to panic.

The doctors from the German Corona Investigative Committee also put out a book with their findings, which also includes CDC data: Global Covid Report- There is no deadly pandemic.

Here’s an audio of top Canadian pathologist, Dr. Roger Hodkinson, Chairman of the Royal College of Physicians and Surgeons committee in Ottawa, telling the Canadian government: "There is utterly unfounded public hysteria driven by the media and politicians. It’s outrageous. This is the greatest hoax ever perpetrated on an unsuspected public… It should be thought of as nothing more than a bad flu season. It's politics playing medicine and that's a very dangerous game. There is no action needed. Masks are utterly useless. There is no evidence they are effective whatsoever. Paper masks and fabric masks are simply virtue signaling. It is utterly ridiculous seeing these uneducated people walking around like lemmings obeying without any evidence. Social distancing is also useless. Closures have had terrible consequence and everywhere should be open tomorrow. Positive testing results do NOT indicate clinical infection. It is simply driving public hysteria and ALL testing should STOP. Unless you are presenting to hospital with respiratory problems, it’s just another flu."

Dr. Sucharit Bhakdi, who wrote the book, "Corona: False Alarm?" also says this is a PCR pandemic rather than a true pandemic. "The more tests are performed, the more COVID-19 cases are found during the epidemic. This is the essence of a laboratory-created pandemic." Dr. Bhakdi says, "this virus is no more deadly than a seasonal flu and for people under 70, it is even less deadly than the seasonal flu.

Ex-Pfizer Chief Science Officer, Dr. Michael Yeadon says the second wave was faked with false positives from the PCR test and that the pandemic is over. From his twitter: "Look, I can’t be more direct. We can’t have a lethal pandemic sweeping the land, killing thousands of people & it NOT show up in the total mortality charts…It’s MISDIAGNOSES. Please wake up. It’s not even new. PCR false positive pseudo epidemics exist. We’ve got one. When in a pseudo epidemic everyone thinks it’s a real epidemic. But we don’t have extra deaths The fascinating thing about test related pseudo epidemics is that they vanish as soon as the aberrant test is halted. Nothing else changes because nothing else is happening." He noted this New York Times report as an example of a pseudo epidemic: false epidemic of whooping cough because of false positives from a PCR test.

Dr. Kaufman at Red Pill Expo exposing the Layers of FRAUD.

COVID-19 never isolated & Koch’s postulates not fulfilled.

There is No Covid and There is No Pandemic. There is only Deception and Tyranny.

Even CDC Now Admits No "Gold Standard" of COVID19 Virus Isolation.

The Covid-19 Pandemic, Does It Exist? The Truth is Being Obliterated. The Global Elite’s Campaign Against Humanity.

SARS-Cov-2 virus was never proved to exist: If you can’t prove a virus exists, how do you create a test to detect it? How can you claim the test reveals that people are infected with the virus?

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Sample letter to send to the Supreme Court on election fraud (cut/paste, insert your credentials):

Your name
Your address
City, State Zip

DATE:___________

The Hon. Chief Justice John G. Roberts
The Supreme Court of the United States
One First Street N.E.
Washington, D.C. 20543

Your Honor:

You already know that numerous odd events of the 2020 Presidential Election are surfacing and taken together suggests our recent election was fraudulent and manipulated via Dominion voting machines. This deeply concerns me as an American citizen who values our Constitutional liberties.

President Trump appears to have uncovered A Worldwide Election FRAUD Issue with Dominion voting machines.

Dominion admits their machines can be connected to the internet. They can be remotely accessed to manipulate vote results and leave no evidence of tampering.

Nadeam Elshami, former chief of staff for Nancy Pelosi is a lobbyist for Dominion. Richard Blum, Senator Dianne Feinstein’s husband, is a major stockholder in Dominion. Even Joe Biden stated on October 24, 2020, "... we have put together ... the most extensive and inclusive voter fraud organization in the history of American politics." These revelations are disturbing to all Americans.

In Pennsylvania, 1.8 million mail-in ballots were sent out, and 2.5 million came back and were counted. This means that 700,000 fraudulent ballots were counted! And this is just one state. How many other states have similar ballot discrepancies? This needs to be investigated.

The constantly surfacing and accumulating fraud issues is compelling evidence for the Supreme Court to consider invalidating the entire election, and put the Electoral College on hold until these serious issues are investigated and resolved. If we cannot conduct free elections honestly, why bother voting at all?

Our freedoms and confidence in our government are now in serious jeopardy.

Supreme Court justices need to speak with one voice to proactively protect these freedoms.

Thank you for doing the right thing for all America. God Bless You and all Supreme Court Justices.

Sincerely,

(sign your name)

(print your name)

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At the Close, Friday, December 4, 2020:
Dow: 30,218.26, +248.74 (+0.83%)
NASDAQ: 12,464.23, +87.05 (+0.70%)
S&P 500: 3,699.12, +32.40 (+0.88%)
NYSE: 14,417.33, +200.14 (+1.41%)

For the Week:
Dow: +307.49 (+1.03%)
NASDAQ: +258.39 (+2.12%)
S&P 500: +60.77 (+1.67%)
NYSE: +218.83 (+1.54%)

JOE BIDEN WILL NEVER BE PRESIDENT; EVIDENCE OF ELECTION FRAUD IS CLEAR AND GROWING

Without apologies...

This is a message for all those who think the presidential election was won - fair and square - by Joe Biden.

You're wrong. Dead wrong. And there's more than sufficient evidence to prove it.

The 2020 presidential election was not won by Joe Biden. As President Trump has been stating for weeks in no uncertain terms, he won it by A LOT. It's likely he received more votes than any candidate in the history of our great country. Joe Biden, aided by nefarious cohorts, cheated, massively and maliciously. His vote totals are a sham, a disgrace to freedom and the principles of democracy.

Void of conscience, guided only by hatred for President Trump and all that he stands for, the forces aligned against President Trump left their tracks of suspicion, their evil intentions, and their outright fraud everywhere. In Detroit, in Atlanta, in Milwaukee, in Minneapolis, in Phoenix, and in Las Vegas there exists hundreds of thousands of illicit voting ballots, changed votes, votes by dead people, by unregistered voters, and many votes added to Biden's totals that cannot even be matched to a name or a signature.

This will not stand.

Former New York mayor Rudy Giuliani has, since right after November 3rd, been waging a war against the forces of oppression, disunity, disharmony who sought to steal this election from President Donald J. Trump and the American people. He and those affiliated with him have filed lawsuits in all of the "battleground states" and, in hearings before state legislators and in the courts have produced sworn witnesses and affidavits alleging fraud and producing evidence of widespread election interference.

While the mainstream media continues to ply their cruel narrative boosting "president elect" Biden and consistently calling the efforts of those backing President Trump and calling this election for exactly what it is, fraudulent, "false," "untrue," or "unfounded." They continue to LIE OUTRIGHT TO THE AMERICAN PEOPLE that there is "no evidence" when, in fact, there are mountains of evidence all pointing to a coordinated, nationwide effort to disrupt and distort the election process for their own ill desires and commit the most massive fraud against the citizens of America.

This will not stand.

At this time, as the evidence rises to a level that becomes so vital, so obvious, and so relevant that no honest arbiter of justice can deny, court cases are making their ways to the Supreme Court, recounts and audits are being proposed in many states, and state legislatures are considering their options as concerns the electoral college.

Those who stand for Biden and those who aided and abetted these criminal acts will be net with justice. That will come later. First, the country must come to an understanding of who honestly won this election and the verdict will be unanimous: President Trump won the 2020 election in a landslide.

Mainstream media and the Democrat party - many of whom have been oddly silent during these trying days - must admit to the fraud, to the ballot harvesting, vote stealing, production of illegal ballots, and the rest of the criminal acts and illegal efforts made to steal this election. Should they not, and should they and Joe Biden not concede, then the justice meted out upon them should be swift and of the harshest variety. The perpetrators of this unbelievable fraud must be found out or come forward and admit their devious acts. The sooner the better, for them and for the country.

This will not stand.

The promise of America has always been freedom, liberty, honesty, justice, and order. Those who sought to overthrow our principles, to thwart justice and legal process, to distort the truth, and to commit unspeakable, indefensible crimes WILL BE FOUND OUT. There are tens of millions of patriots in this country who are not pleased, who are angry, who are waiting for this to be made right. If it is not made right, and soon, their fury will be released upon those who oppose America and patriotic Americans, AND IT WILL NOT BE PRETTY.

They will find you. We will find you. And we will deal with you.

Finally, here are two songs which are favorites of mine, as they reflect upon what is America and for what America stands. If these songs don't move you, don't make you PROUD to be an American, and stand for truth and justice, then GET OUT or get out of the way, and stop making the rest of us hate you.

In my name and in the name of my father, Nicholas C. Gagliano, who, along with his generational brethren, fought to secure our freedoms in World War Two, I swear today, This will not stand. Sic semper tyrannis. God bless America.

Richard A. Gagliano
Publisher, Editor, Downtown Magazine / Money Daily, American Patriot

Editor's Note: This is my true statement, made without coercion or promise of reward. I encourage everyone who agrees with the tenor and thrust of this statement to write their own similar message or copy mine and post it on social media, send it as letters to editors of newspapers or TV stations, and encourage others to do the same. We cannot allow this travesty to stand and the will of the people to be subverted. We must be united in our voice and strong in our conviction. We must overwhelm social media and then, the mainstream media, both of which have conspired against the good will of the American people. Be strong. Do not be afraid. We will win. Thank you.

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US Labor department reports non-farm payroll gain of 245,000 jobs in November, the smallest in seven months. We need to take our country back.

At the close, Thursday, December 3, 2020:
Dow: 29,969.52, +85.73 (+0.29%)
NASDAQ: 12,377.18, +27.82 (+0.23%)
S&P 500: 3,666.72, -2.29 (-0.06%)
NYSE: 14,217.18, +28.94 (+0.20%)

Will Hump Day (Wednesday) Morph Into Dump Day or Trump Day (Thursday)?

Taking a step out into the void:

In numerological terms, Wednesday, December 2, 2020 reduces to 9.
12/2/2020 1+2+2+2+2=9

So, Thursday, December 3, 2020 will reduced to a 1.
12/03/2020, 1+2+3+2+2=10, or 1.

What's the point of conjuring up numerology at this juncture? Well, it's probably as good as any other theory or set of data one wishes to throw around to explain the workings of the universe, the stock market, human behavior, or any future event. In this case, numerology is only being tasked with predicting the difference in investor preference from one day to the next.

Some people use charts, others, tea leaves, crystal balls, modeling, polls (after the last two presidential elections, we know how inaccurate those can be), computer algorithms, huge data sets, star charts, coin flipping and other devices to predict future events. None of them are foolproof. Most of them fail most of the time. The future rests largely on a roll of the dice, a flip of a coin. Nothing subject to human interaction is ever 100%.

Numerologists regard the Number 9 to represent great mental and spiritual realizations. It is the number of the initiation, because it marks the end of a phase of spiritual development and the beginning of another higher stage, as shown above, the next number being 10, or, in numerological applications, the number one, 1.

This is probably a good place to point out that numerology may not be as crackpot methodology as some may think it is. The practice of using numerological charting was developed by Pythagoras, the same mathemtician who gave the world the famous and useful Pythagorean Theorum and many other discoveries in the world of mathematics.

As far as Wednesday is concerned, markets appeared dull. Stocks barely budged, as if coming to the end of a sequence of events. Precious metals moved slightly. Gold was up $15. Silver gained seven cents. Even Bitcoin and other cryptocurrencies mostly just bumped along.

But, after markets had closed, here cam President Trump, outlining, in a 46-minute video, some of the extensive evidence of election fraud that had taken place before, during, and after November 3rd. Calling it possibly the "most important speech I’ve ever made,” the president laid out his case to overturn the results that the media has been clinging to, that Joe Biden - a candidate with obvious mental health issues who barely campaigned at all - somehow beat President Trump, and did so by amassing more votes than any other presidential candidate in history.

The evidence the president presented is compelling. The sources gave testimony or provided affidavits under penalty of perjury, so they should be regarded as truthful and honest.

The full video is presented below.

The obviousness of the fraud is plain to see. Getting a court to look into the hard evidence that Rudy Giuliani and his team has uncovered has been difficult, though progress is being made. Getting the mainstream media to report facts honestly has become next to impossible.

So, did the president's actions amount to a "changing" as Wednesday slipped over to Thursday, and nine became one? We may never know, but, there may be indications that the "one" has arrived.

Unlikeness, independence, and unity are the meanings of the number 1 in numerology. People with this number have great leadership abilities, are independent and individualistic. That seems to fit Trump nicely. Nobody can attest that he's not unique, different, bold. And his speech Wednesday night may lead directly into the promise of a new cycle of truth as he tries to unite the country.

We shall see.

As for stocks, bonds, gold, cryptos, and other financial instruments, they can't be much more moribund than they were on Wednesday, so Thursday may well indeed be the beginning of a new investing epoch. It wouldn't be a surprise. The year is closing quickly. Investors are making decisions whether to buy, sell, hold, for tax purposes and year-end reporting.

One need not get carried away with predictions and prognostications of future events. It's easier to live in the present and let the past be a guide. Considering the madness that the year 2020 has brought, however, it may be advisable to accept any help that is offered to see though to 2021.

Quote for today: "If you don’t value your time, neither will others. Stop giving away your time and talents. Value what you know & start charging for it." -- Kim Garst

At the Close, Wednesday, December 2, 2020:
Dow: 29,883.79, +59.87 (+0.20%)
NASDAQ: 12,349.37, -5.74 (-0.05%)
S&P 500: 3,669.01, +6.56 (+0.18%)
NYSE: 14,188.24, +41.60 (+0.29%)

CORRECTION: Bill Gates to appear on NBC Today Show Thursday, 12/03/2020

Yesterday, Money Daily stated that Bill Gates, founder of Microsoft and proponent of "vaccines for everybody" was to appear on the NBC "Today" show.

That was, unfortunately, in error. We believe Mr. Gates was scheduled to appear, but was somehow bumped or delayed.

He will be - as promoted by NBC itself - appearing on the "Today" show today, Thursday, December 3, 2020. The "Today" show airs every weekday, beginning at 7:00 am ET.

Money Daily regrets the error.

Stocks Bounce, Gold, Silver Gain, Bitcoin Volatile; Asset Classes Lesson One: Determining Asset Classes

Some of the prime axioms of the investing world include:

"If you don't hold it, you don't own it." -- applies to gold, silver, or physical assets

"Renting is throwing money away." - applies to housing, real estate

"A penny saved is a penny earned." - Ben Franklin

By the way, on that last famous quote by one of America's great Founding Fathers, Ben Franklin also said, "An investment in knowledge pays the best interest," which is a timeless thought.

There are more, as illustrated here, and here, the point being that while there may possibly not be any endless truths, there are some adages that pass the test of time with flying colors.

Why is this important? Could it possibly be because living today is measured in nanoseconds, the value of human life has been so greatly diminished, currency masquerades as money, or everything seems to be measured in terms of wealth? Probably all of those and more.

Young and old alike have lost respect for things that matter most. Good manners, pfft. Morals, see ya. Concepts like integrity, honesty, reliability, respect, and dignity seem to have vanished from our modern lexicon. Coolness is valued over intelligence. What we own, owns us. Our media has failed us. Government has betrayed us. Institutions of higher eduction have impoverished us.

As the world slides ever closer to totalitarian tyranny with every passing day, there are resistors and skeptics, those who seek to avoid the path of hate and derision, of a world ruled by the loudest voice, the most devious mind. Some people - and there are a lot of them - just want to be left alone. They don't want everything they do, or say, or touch, to be a political statement. They wish to live on equal terms with their neighbors, in peace, harmony, and shared values. Call them old-fashioned or stuck in the mud. They just happen to like things the way they used to be, and one can hardly blame them.

Whether those who resist will be dragged into the present or the uncertain future remains a speculation. What matters is how well one is able to navigate today, tomorrow and beyond in a world that seems to be spinning out of control, and to do that, one has to have priorities, assets that will retain value, and investments which will grow, provide income and stability.

In this series of articles over the coming days and weeks, Money Daily seeks to explore and examine the various asset classes, identify some new ones, and suggest which will work best in the so-called "New Normal." As a basic premise, the idea that owning stocks or bonds or real estate or any single asset class is thrown out the window. A mix of not just stocks, which Wall Street insists is the only game in town, but of a variety of asset classes is the key to survival and prosperity, as it has likely been for eons.

Let's start with a look at what are the major asset classes, just by enumerating them, bearing in mind that not all assets are financial assets, but all assets have value, and owning a rich mix of asset classes is key to wealth, happiness, and hopefully, prosperity. (Bear in mind that your financial advisor or "investment professional" isn't going to cover even half of this list, which is entirely the product of years of research, study, and investing by Money Daily publisher and editor, Rick Gagliano.)

In no particular order, asset classes are as follows:

Cash (currency in circulation)

Cash equivalents

Precious metals

Alternate currencies (cryptos, such as Bitcoin)

Stocks (equities)

Bonds (fixed income)

Derivatives: Futures, Options, Mutual Funds, ETFs, etc.

Commodities

Real Estate

Income-producing machinery

Business investments

Art

Collectibles and Rarities

Transportation

Energy

Security

Time

Food

Water

Community

Goods and Services for Barter

Household necessities

Intellectual property

Marketable, Tradable skills

...and a few more that are either not yet definable or discovered.

This is by no means a complete list, though it is fairly exhaustive. There's more to the world of which we know and don't know to discover. The best assets may not even be on anyone's list as they've yet to be discovered. Keeping an open mind that's attuned to discovery and innovation is a paramount tenet of any investor's skill set.

Let us leave it right there for now. More details will follow in upcoming chapters.

Here's a couple more quotes for the day:

Rich people have small TVs and big libraries, and poor people have small libraries and big TVs. -- Zig Ziglar (If you don't know who Zig Ziglar was, you've missed out on much. Here's a taste...)

Never spend your money before you have it. -- Thomas Jefferson (It is not surprising that Jefferson was greatly opposed to the concept of a central bank.)

• • • • • • • •

Tuesday's trading day might best be defined as cautiously speculative. Monday's selloff in stocks and precious metals was met with pre-market confidence in futures which carried over into the equity cash session. Stocks were up sharply at the open, stayed afloat, but lost ground early, especially after a group of "moderate" Republicans and Democrats released the contents of a fresh COVID stimulus bill that was poorly crafted, politically inspired, pandering to special interests and out of touch with economic realities.

The Dow, which had rallied more than 400 points in early trading, eventually gave back more than half of those gains by the closing bell. The promise of close to a trillion dollars ($908 billion), sponsored by Joe Manchin (D-WV), Mark Warner (D-VA), as well as Bill Cassidy (R-LA), Mitt Romney (R-UT) and Susan Collins (R-ME), and Lisa Murkowski (R-AK) missed the mark badly in Wall Street terms.

The bulk of the money went to mostly non-Covid-related issues. $160 billion was earmarked for aid to state and local governments, $82 billion for education funding, $45 billion for transportation agencies (AMTRAK). A $300 weekly unemployment boost was included, but the bill left out another round of checks to Americans, an enormous failing.

Treasury yields exploded higher as money fled fixed income. Yields on the 10-year note and 30-year bond rose eight basis points, to 0.92% and 1.66%, respectively.

Gold and silver rallied sharply and held onto gains after weeks of relentless price-crushing attacks in futures markets. Bitcoin and other cryptocurrencies gyrated wildly, but continued a sustained long-term rally.

Fake News Viewing note: Vaccine pusher, Bill Gates, is scheduled to appear on NBC's "Today" show, 7:00 am ET.

At the Close, Tuesday, December 1, 2020:
Dow: 29,823.92, +185.32 (+0.63%)
NASDAQ: 12,355.11, +156.41 (+1.28%)
S&P 500: 3,662.45, +40.82 (+1.13%)
NYSE: 14,146.64, +140.14 (+1.00%)