Thursday 14 January 2021

Impeachment 2.0 Markets Yawn. If At First...

 Baltic Dry Index. 1856 +07 Brent Crude 55.92

Spot Gold 1845

Coronavirus Cases 02/04/20 World 1,000,000

Deaths 53,100

Coronavirus Cases 14/01/21 World 92,778,983

Deaths 1,986,903

If at first you don’t succeed, try, try, try again.

Speaker Pelosi, with apologies.

The big political news is President Trump getting in another Presidential first. A second impeachment, after last week’s Presidential first of whipping up a mob and setting them on the Capitol. Is there no stopping this man? Will he score another Presidential first next week with a Presidential self pardon?

After leaving office at noon next Wednesday Washington time, more Presidential firsts loom in quick succession, including a possible real-estate tax fraud investigation in New York, multiple lawsuits, including a test of any self pardon, not to mention the real biggie, the first US President in history to end up serving time.

I wonder what they make of it in Beijing, Moscow, Minsk and Tehran?

In the markets, it was all very much yesterday’s stale bread. Lacking the visual excitement of Last week's weirdos storming the Capitol.

And on to today’s exciting developments.  President-elect Biden is about to announce how much free cash each American can expect. A lot, according to Clinton News Network CNN.

Fed Chairman Jerome Powell is due to tell the world too, just how many US bonds he intends to buy to calm markets. Estimates range from “a lot” to "all of them.”

All in all, this looks like a good time to begin scale buying of physical gold and silver again.

Bonds dip, Nikkei charges higher as stimulus hopes stoke gains

January 14, 2021

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