https://tinyurl.com/hvtfhpaf

---

Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people's savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.

~ Ayn Rand

---

 

Following the pullback seen during Wednesday's session, stocks moved back to the upside on Friday as trading resumed following the Thanksgiving Day holiday on Thursday.

The major averages pulled back off their best levels going into the close but remained firmly positive. The Dow rose 188.59 points or 0.4 percent to 44,910.65, the Nasdaq advanced 157.69 points or 0.8 percent to 19,218.17 and the S&P 500 climbed 33.64 points or 0.6 percent to 6,032.38.

For the holiday-interrupted week, the Nasdaq and the S&P 500 both jumped by 1.1 percent, while the narrower Dow surged by 1.4 percent.

The strength on Wall Street came as some traders looked to pick up stocks at relatively reduced levels following pullback seen on Wednesday.

Semiconductor stocks helped lead the rebound, with the Philadelphia Semiconductor Index climbing by 1.5 percent after hitting its lowest intraday level in over two months in the previous session.

The strength in the sector came as semiconductor equipment makers jumped after a report from Bloomberg said the Biden administration is weighing curbs on sales of semiconductor equipment and AI memory chips to China that stop short of stricter measures previously considered.

Most of the other major sectors showed more modest moves, however, as some traders remained away from their desks following the holiday on Thursday and ahead of the early close for the markets this afternoon.

A lack of major U.S. economic data may also have kept traders on the sidelines ahead of the release of several closely watched reports next week.

The Labor Department's monthly jobs report is likely to be in focus next week, while traders are also likely to keep an eye on reports on manufacturing  and service sector activity.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance during trading on Friday. Japan's Nikkei 225 Index fell by 0.4 percent, while China's Shanghai Composite Index advanced by 0.9 percent.

Meanwhile, the major European markets all moved to the upside over the course of the session. While the German DAX Index jumped by 1.0 percent, the French  CAC 40 Index climbed by 0.8 percent and the U.K.'s FTSE 100 Index crept up by 0.1 percent.

In the bond market, treasuries are extending the upward move seen during Wednesday's session. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 4.8 basis points at 4.194 percent.

Looking Ahead

As mentioned above, the Labor Department's monthly jobs report is likely to be in the spotlight next week, while reports on manufacturing and service sector activity may also attract attention.

---

---

https://www.currentmarketvaluation.com/models/buffett-indicator.php

---

DOLLAR

CRYPTO

PLANNING YOUR INVESTMENTS AHEAD WITH DONALD J TRUMP

Now that Trump is on his way to the White House as the 47th president, it’s not too soon to start building a portfolio that will outperform the stock
market in the early years of the new Trump administration.

This kind of active asset allocation requires close attention to prospective policy details and their possible impact on specific business models. Not all
stocks will perform well under the new administration. Some will perform brilliantly.

Let’s first review the likely Trump policies and then consider their impact on certain stocks and sectors.

The Revival of the American System
Under the guidance of Trump advisors Robert Lighthizer (former U.S. Trade Representative) and Peter Navarro (former Director of the Office of Trade and
Manufacturing Policy), Trump will pursue a twenty-first-century version of what was originally known as the American System.

The American System was invented in 1790 by Alexander Hamilton and supported by a succession of U.S. presidents and leading political figures including
George Washington, Henry Clay, John Quincy Adams, Abraham Lincoln, William McKinley, Calvin Coolidge, and Dwight Eisenhower.

There were opponents who favored agrarian interests over manufacturing interests, including early members of what later became the Democratic Party such
as Thomas Jefferson, James Madison and James Monroe. Yet, their financial failures, including the liquidation of the First Bank of the United States (an
early central bank with limited powers) and difficulties in financing the War of 1812 led to the success of the mercantilist and manufacturing programs of
the American System leaders.

The American System relied on the following policies:

High tariffs to support manufacturing and high-paying jobs
Infrastructure investment (public and private) to support productivity
A strong army and navy to protect the U.S. but not to fight foreign wars
A central bank with limited powers to provide liquidity to commerce
To the extent there was government spending, it was for productive projects such as canal and road building and later to support railroads. To the extent
that early central banks existed, they were for secure lending to sound entities (including the U.S. government) and not for purposes such as printing
money, fixing interest rates or “stimulus.” The entire program could be summarized as sound money, smart investment and a strong military in the service
of high-paying American jobs.

The American System prevailed from 1790 to 1962 with occasional periods of agrarian ascendency and some disruptions such as the Civil War.

Beginning after World War I, the neo-liberal movement of Austrian economists and libertarians began to promote globalist policies of open borders, open
capital accounts, and free trade.

Of course, free trade is a myth because of subsidies and non-tariff barriers. Comparative advantage is obsolete because the factors of production are
highly mobile.

Taiwan had no comparative advantage in semiconductors in 1979, but today they dominate global production. They made that happen through a Taiwanese
version of the American System.

In contrast, the neo-liberals were living an ideological fantasy in which globalism was to displace sovereignty. At a minimum, their goal was the
encasement of sovereigns in a larger orb of multilateral institutions such as the IMF, World Bank, WTO and the United Nations.

Beginning with the Trade Expansion Act of 1962, the Trade Act of 1974, and successive rounds under the General Agreement on Tariffs and Trade (today the
WTO), the U.S. embraced the neo-liberal consensus including drastic tariff cuts. As jobs moved offshore to take advantage of cheap labor, capital followed
as direct foreign investment.

The result was the hollowing-out of U.S. manufacturing, wage stagnation, slower growth, greater debt, and a succession of failed wars. The open border
policy of Biden-Harris is consistent with neo-liberal views on the end of sovereignty but is a death knell for American jobs and social cohesion.

Trump, Lighthizer, Navarro, and others will return the United States to the pre-1962 glory days with the revival of the American System.

Foreign companies will be free to sell goods to Americans but only if they are manufactured in the U.S. This will lead to a wave of inbound investment in
the U.S., a reduction in U.S. trade deficits, a stronger dollar (as the world demands dollars to invest here), and higher wages for U.S. workers. Higher
wages will raise real incomes, stimulate consumption, decrease income inequality and expand the tax base to help reduce deficits without raising tax
rates.

A Trump Portfolio
Sectors that will benefit from the return of the American System include:

Oil and natural gas drilling, production, and refining. This sector will benefit from Trump’s “drill, baby, drill” policies including increased leasing on
Federal lands, increased offshore drilling, replenishment of the Strategic Petroleum Reserve, new pipelines, and expanded refinery capacity.

Mining (gold, silver, copper, lithium). Industrial metals will be in increased demand related to the expansion of U.S. manufacturing. Precious metals will
be in demand as a hedge against geopolitical uncertainty and as a non-digital store of wealth.

Defense and National Security. This will especially benefit defense and intelligence contractors with extensive R&D programs. The U.S. does not need more
obsolete weapons; we need newer and more sophisticated weapons to keep up with the high-tech systems that Russia is using. AI will be a valuable tool in
intelligence analysis, especially from open sources (OSINT).

Automobile manufacturing. Foreign manufacturers will face huge tariffs. This will include Mexican manufacturers that are fronts for China. The United
States-Mexico-Canada Agreement (USMCA) will be modified as needed to accommodate the tariffs.

Cryptocurrency plays. Trump will ease SEC and other regulatory constraints on cryptocurrency mining, distribution and use.

Banking and finance. As the economy grows, banks profit as intermediaries without the need for high leverage and high risk.

Trucking and airlines. These sectors will benefit from lower prices for refined products such as diesel and aviation fuel (basically kerosene).

Sectors that will underperform in a new Trump administration will be Big Pharma and Big Agriculture under the motto of Make America Healthy Again.

Robert F. Kennedy, Jr. will lead this effort. Elon Musk will also lead an effort at government efficiency, which will hurt the profits of government
contractors in sectors such as health care, education, and the Green New Scam (including EVs, and windmill manufacturers). DEI initiatives will wither and
die. Portfolios that invest heavily in China or use ESG metrics will underperform.

Be sure to invest accordingly in the coming return of the American System, and rejoice as it brings prosperity back to U.S. citizens.

---

Mercury will also be turning retrograde at this time - November 26-December 15, a potentially volatile period.  

WATCHING ALL SEASONAL PERIODS FOR POTENTIAL MARKET 'CHANGE OF DIRECTION'

OPPORTUNITY TO ACCESS MARK LEIBOVIT'S PROPRIETARY VOLUME REVERSAL INDICATOR - THIS IS THE ONLY PLACE TO DO IT!

From Martin Armstrong

Biden Authorizes Starting World War III Before Trump Takes Office

I have been warning that our Computer has projected that war will continue and that the Neocons are traitors to the people of the United States and a
threat to the entire world. Biden, the senile one, will sign anything put in front of him, and he is incompetent to be president. For that matter, so is
Kamala. Both threaten the National Security of our nation and the world. Putin is justified to start attacking the United States directly. Since he knows
Trump is coming, he will try to sit on his hands. God help us if the Russian Neocons overthrow Putin. There will be no stopping this.

---

https://tinyurl.com/rtck8b42

---

FDA-Approved Doesn’t Mean Safe for Your Family

---

GATA CHRIS POWELL PRSENTATION - NOV 2024

Grant Williams' documentary examining gold price manipulation is posted at YouTube

An hour-long documentary program produced in 2018 by financial letter writer Grant Williams for his Real Vision internet site concentrates on gold price
manipulation and was posted Friday in the clear at YouTube.

The program is Part 2 of "Gold: The Story of Man's 6,000 Year Obsession," and it's still compelling for incisive comments from some major figures in the
gold world, including Brent Cook, Dan Oliver, Egon von Greyerz, Jim Rickards, Luke Gromen, Ned Naylor-Leyland, Rick Rule, Ronald-Peter Stoeferle, Ross
Beaty, Ross Norman, Simon Mikhailovich, and Bernhard Schnellmann.

It can be seen at YouTube here:

https://tinyurl.com/k4vnpjmu

---

[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

MARK LEIBOVIT ON THE 'THIS WEEK IN MONEY' PODCAST

 

https://tinyurl.com/hvtfhpaf

 

https://www.howestreet.com/2024/11/trump-victory-powering-optimism-in-most-sectors-mark-leibovit/

---

Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people's savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.

~ Ayn Rand

---

After turning in a mixed performance early in the session, the major U.S. stock indexes all moved to the upside over the course of the trading day on
Tuesday. The Dow recovered from early weakness to end the day at another new record closing high.

The Dow fell by as much as 0.7 percent in early trading but ended the day up 123.74 points or 0.3 percent at 44,860.31. The S&P 500 also climbed 34.26
points or 0.6 percent to a record closing high of 6,021.63, while the Nasdaq rose 119.46 points or 0.6 percent to 19,174.30.

The higher close by the major averages came as traders shrugged off President-elect Donald Trump's latest threats to impose increased tariffs on Mexico,
Canada and China.

In a post on his social media platform Truth Social, Trump said he would impose a 25 percent tariff on all products from Mexico and Canada on his first
day in office, blaming the countries for the influx of illegal immigrants and illicit drugs into the U.S.

"This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!" Trump
said.

Trump said in a subsequent post that he would also impose an additional 10 percent tariff on Chinese products, claiming the country has not done enough to
stop the "massive amounts of drugs, in particular Fentanyl, being sent into the United States."

With Trump recently announcing he intends to nominate Scott Bessent as Treasury Secretary, traders may be optimistic the former president will not
following through on his threats. Bessent has previously called for Trump's planned tariff increases to be implemented gradually.

Stocks saw further upside as the minutes of the Federal Reserve's latest monetary policy meeting revealed officials believe it will be appropriate to
"gradually" lower interest rates.

The minutes said officials feel a gradual approach to lowering rates to a more neutral stance will be appropriate if economic data come in "about as
expected, with inflation continuing to move down sustainably to 2 percent and the economy remaining near maximum employment."

The Fed said participants also noted that monetary policy decisions were not on a "preset course and were conditional on the evolution of the economy and
the implications for the economic outlook and the balance of risks."

Sector News

Software stocks turned in a strong performance on the day, driving the Dow Jones U.S. Software Index up by 1.4 percent to a record closing high.

Utilities and pharmaceutical stocks also saw considerable strength, with the Dow Jones Utility Average and the NYSE Arca Pharmaceutical Index climbing by
1.3 percent and 1.2 percent, respectively.

On the other hand, housing stocks moved significantly lower, dragging the Philadelphia Housing Sector Index down by 1.8 percent.

The weakness among housing stocks came after the Commerce Department released a report showing a substantial pullback by new home sales in the month of
October.

Oil service, airline and computer hardware stocks also saw notable weakness, partly offsetting the strength in the aforementioned sectors.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region moved mostly lower during trading on Tuesday. Japan's Nikkei 225 Index slumped by 0.9
percent, while China's Shanghai Composite Index edged down by 0.1 percent.

The major European markets also moved to the downside on the day. While the French CAC 40 Index slid by 0.9 percent, the German DAX Index fell by 0.6
percent and the U.K.'s FTSE 100 Index declined by 0.4 percent.

In the bond market, treasuries gave back ground after soaring in the previous session. Subsequently, the yield on the benchmark ten-year note, which moves
opposite of its price, rose 3.7 basis points to 4.302 percent.

Looking Ahead

Trading on Wednesday may be impacted by reaction to a slew of U.S. economic data, including the Fed's preferred readings on consumer price inflation.

---

https://www.reuters.com/markets/commodities/falling-gold-prices-revive-physical-demand-key-markets-2024-11-26/

---

https://www.currentmarketvaluation.com/models/buffett-indicator.php

---

DOLLAR

CRYPTO

 

---

OPPORTUNITY TO ACCESS MARK LEIBOVIT'S PROPRIETARY VOLUME REVERSAL INDICATOR - THIS IS THE ONLY PLACE TO DO IT!

From Martin Armstrong

Biden Authorizes Starting World War III Before Trump Takes Office

I have been warning that our Computer has projected that war will continue and that the Neocons are traitors to the people of the United States and a
threat to the entire world. Biden, the senile one, will sign anything put in front of him, and he is incompetent to be president. For that matter, so is
Kamala. Both threaten the National Security of our nation and the world. Putin is justified to start attacking the United States directly. Since he knows
Trump is coming, he will try to sit on his hands. God help us if the Russian Neocons overthrow Putin. There will be no stopping this.

---

https://tinyurl.com/rtck8b42

---

FDA-Approved Doesn’t Mean Safe for Your Family

---

GATA CHRIS POWELL PRSENTATION - NOV 2024

Grant Williams' documentary examining gold price manipulation is posted at YouTube

An hour-long documentary program produced in 2018 by financial letter writer Grant Williams for his Real Vision internet site concentrates on gold price
manipulation and was posted Friday in the clear at YouTube.

The program is Part 2 of "Gold: The Story of Man's 6,000 Year Obsession," and it's still compelling for incisive comments from some major figures in the
gold world, including Brent Cook, Dan Oliver, Egon von Greyerz, Jim Rickards, Luke Gromen, Ned Naylor-Leyland, Rick Rule, Ronald-Peter Stoeferle, Ross
Beaty, Ross Norman, Simon Mikhailovich, and Bernhard Schnellmann.

It can be seen at YouTube here:

https://tinyurl.com/k4vnpjmu

---

[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]