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Money Daily has been providing business and financial market news, views, and coverage on a nearly continuous basis since 2006. Complete archives are available at moneydaily.blogspot.com.

PRIOR COVERAGE:

11/22-11/28/2020
11/15-11/21/2020
11/8-11/14/2020
11/1-11/7/2020
10/25-10/31/2020
10/18-10/24/2020
10/11-10/17/2020
10/4-10/10/2020
9/27-10/3/2020
9/20-9/26/2020
9/13-9/19/2020
9/6-9/12/2020
8/30-9/5/2020
8/23-8/29/2020
8/16-8/22/2020
8/9-8/15/2020
8/2-8/8/2020
7/27-8/1/2020
7/20-7/26/2020
7/13-7/19/2020
7/6-7/12/2020
6/29-7/5/2020
6/22-6/28/2020
6/15-6/21/2020
6/8-6/14/2020
6/1-6/7/2020
5/25-5/31/2020
5/18-5/24/2020
5/11-5/17/2020
5/4-5/10/2020
4/27-5/3/2020
4/20-4/26/2020
4/13-4/19/2020
4/6-4/12/2020
3/30-4/5/2020
3/23-3/29/2020
3/16-3/22/2020
March 14, 2020
March 13, 2020
March 12, 2020
March 11, 2020
March 10, 2020
March 9, 2020
March 5, 2020
March 1, 2020

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

Friday, December 4, 2020, 9:01 am ET

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.


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)?

Thursday, December 3, 2020, 8:26 am ET

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 andtalents. 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

Thursday, December 3, 2020, 6:45 am ET

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

Wednesday, December 2, 2020, 6:48 am ET

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%)


    How Long Can This Continue? America, Europe On Brink of Disaster

    Tuesday, December 1, 2020, 7:55 am ET

    It's December 1st, roughly 10 months since the dreaded China virus began to spread throughout Wuhan province in China, eventually making its way around the world.

    America and Europe have been dealing with the virus since March, and so far, there hasn't been any progress, except for globalists who seek to destroy Western economies. They've actually done quite well, forcing lockdowns on citizens and mask-wearing by hundreds of millions deluded by false claims and over-the-top media coverage and government interventions.

    CV-19, which has been proven to be about as deadly as the ordinary seasonal flu - and maybe even less so - has been employed to bludgeon small business and individuals into submission, bankruptcy, even death. The media lies are one-sided and cover up the truth: PCR Tests Are Proven to Result in False Positives 97% of the Time.

    In the United States, evidence of fraud continues to proliferate, even as social media censors the news, and the mainstream media continues its false narrative of "President-Elect" Biden and Trump's team losing every case in every court. At some point, it becomes obvious that not only was a massive fraud perpetrated against the American public, but state legislatures, secretaries of state, and governors are actively covering it up, sending electors for Biden to Washington, DC, to be certified within days.

    The entire populations of Europe and the United States are at a breaking point and little is being done to prevent further crushing of local economies and elevation to the highest elected position in the country of a known influence-peddler, grifter, thief, via a stolen election.

    But, stocks keep racing higher, gold and silver beaten down on a regular, daily basis.

    Morgan Stanley issues upgrades and downgrades to bank stocks.

    The world is perilously close to a breaking point. It's difficult to comprehend how quickly individual rights have been stripped away and how close most of the developed world is to totalitarian overthrow.

    Big government is in bed with big media, big business, big pharma. Do they not realize that by purposely draining all resources from the public they will eventually find nothing left to feed upon?

    There's probably less than two to three months before the entire planet is in the throes of an economic and social catastrophe that will make the Great Depression seem quaint and mild by comparison.

    At the Close, Monday, November 30, 2020:
    Dow: 29,638.64, -271.73 (-0.91%)
    NASDAQ: 12,198.74, -7.11 (-0.06%)
    S&P 500: 3,621.63, -16.72 (-0.46%)
    NYSE: 14,006.46, -192.03 (-1.35%)


    WEEKEND WRAP: Stocks, Gold, Silver, Bitcoin, Oil Prices, Elections Show Globalists In Complete Control

    Sunday, November 29, 2020, 9:10 am ET

    If the week just past taught us anything, it is that Americans have no control over their own lives, or, at least they're not supposed to, according to the assembled DC bureaucrats, mindful media and the medical establishment.

    Dr. Anthony Fauci, point man for the CV-19 propaganda campaign, warned Americans about traveling over the Thanksgiving holiday, and fretted - along with anchors and reporters on mainstream media TV outlets - that people ignoring his warnings were likely to make the entire holiday season - Christmas and New Year's - worse in terms of his fake CV-19 "scamdemic."

    Stocks had another solid week, with the Dow Industrials, S&P 500, NASDAQ, and NYSE Composite all making new all-time highs, even if interrupted by time off for the "little people," but oil prices were up more than 10 percent, raising gas at the pump, and anything that might offer relief from the tyranny of fiat money, specifically, gold, silver, Bitcoin and other cryptocurrencies, were beaten down like disobedient dogs.

    On top of all that, the media continued to shield the public from the truth about the 2020 elections. They were rigged for Joe Biden, as any thinking person who bothers to do a little research can easily ascertain. Making worse in that regard is the corruption of judges at state and federal district levels, who have uniformly ruled in favor of the election cheating perpetrators, denying justice for the people of various states.

    Basically, this was a week in which the elitists flexed their muscles a little and showed the world who's really in charge. It's sickening because the world is witnessing the end of democracy as a principal form of governance, as it's being replaced by totalitarian political control which answers only to itself.

    Such is the state of the world as 2020 - one of the most regrettably ugly years in the pantheon of human history - lurches into its final month.

    Breaking into the details for the week, the recent raises in treasury yields on the long end were tamped down a bit on Friday after rising earlier. At Friday's close of business, the 10-year note yielded 0.84%, the 30-year, 1.57, up one and four basis points, respectively. The short end remained at the zero-bound.

    WTI crude oil rose from $42.42 to $45.52 over the course of the week. The rise in oil prices synchronizes nicely with colder weather and holiday travel. Since October 30, the price has risen from 35.79 to it's current level, a gain of 27.2%, which is simply stunning, considering the timing and exigent circumstances from CV-19 with closures, lockdowns and travel warnings.

    Cryptocurrency was the most damaged asset class, with Bitcoin getting pounded on fears of government regulation or, more likely, distribution by "whales" cashing in on the recent rise which had the coin less than $10 short of its 2017 all-time high. From early Wednesday morning through early Friday, the price of Bitcoin in US$ fell from 19,500 to a low of 16,490, suffering a 15.4% drop.

    Gold and silver, as mentioned above, were simply destroyed as futures traders took down the precious metals as though they were indeed ancient relics of a world forgotten. Gold's decline from $1,872.40 an ounce to its close on Friday at a disturbing $1,783.10 was a 4.8% slap. Showing the ultimate central bank disdain for the metal of gentlemen, silver fell from $24.36 to $22.68 on the week, a drop of 6.9%, leaving the gold:silver ratio at 78.62.

    Prices for the metals are well below their summer highs. Gold has zoomed past $2,000 an ounce while silver was testing 8-year highs just short of $30 per ounce.

    As is customary, here are the most recent prices for common gold and silver items sold on eBay (numismatics excluded, shipping - often free - included):

    Item: Low / High / Average / Median

    1 oz silver coin: 28.90 / 49.00 / 36.62 / 36.10
    1 oz silver bar: 29.18 / 49.95 / 37.16 / 36.95
    1 oz gold coin: 1,853.00 / 1,993.68 / 1,905.17 / 1,897.62
    1 oz gold bar: 1,853.00 / 1,900.98 / 1,883.39 / 1,890.24

    Happy Holidays!

    At the Close, Friday, November 27, 2020:
    Dow: 29,910.37, +37.90 (+0.13%)
    NASDAQ: 12,205.85, +111.44 (+0.92%)
    S&P 500: 3,638.35, +8.70 (+0.24%)
    NYSE: 14,198.50, +6.91 (+0.05%)

    For the Week:
    Dow: +646.81 (+2.29%)
    NASDAQ: +350.88 (+2.96%)
    S&P 500: +80.81 (+2.27%)
    NYSE: +371.60 (+2.59%)


    Disclaimer: Information disseminated on this site should not be construed as investment advice. Downtown Magazine, Money Daily and it's owners, affiliates and/or employees are not investment advisors and do not offer specific investment advice. All investments have risk. You should consult a professional investment advisor or stock broker or use your individual judgement when making investment decisions. By viewing this site, you hold harmless Downtown Magazine, Money Daily, its owners, affiliates and employees against any and all liability.


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