Economy
Gold has reached highs in 2024, surpassing $2,600 per ounce, yet gold stocks have not mirrored this surge. Analysts at Goehring & Rozencwajg note that gold equities are historically undervalued despite the rise in gold prices. The NYSE Arca Gold Bugs Index (HUI) remains significantly below its 2011 peak, even though earnings per share for these stocks are expected to quadruple compared to 2016. This disconnect is attributed to rising real interest rates and the behavior of central banks. Since 2020, real U.S. 10-year interest rates have increased, leading Western investors to sell gold and gold equities. However, central banks have been significant buyers of gold, accumulating more than 106 million ounces between 2020 and 2024, which has helped gold prices nearly double. Despite the increased demand for gold bars, central banks have shown little interest in gold shares, leaving gold equities undervalued. Goehring & Rozencwajg have increased their positions in gold equities, seeing potential in the current market conditions.
Corporate executives predict an economic slowdown and an earnings recession over the next 12 to 24 months. Jesse Felder, founder of The Felder Report, highlights that the labor market is deteriorating, with rising unemployment and reduced hiring, which could lead to an economic downturn. Despite recent market highs, Felder suggests that the stock market is beginning to price in a harder landing than previously expected. Corporate insiders are selling stocks at high rates, indicating their bearish outlook on the economy and earnings. The bond market is signaling a recession, and defensive stocks are outperforming more cyclical ones. Felder advises maximum defensiveness in investment strategies, noting that investors like Warren Buffett are holding significant cash positions. He sees opportunities in energy and commodities, which he believes are undervalued and poised for growth, especially as they typically perform well during and after recessions. Felder also mentions that Chinese stocks, despite being unpopular, may present a buying opportunity due to their low valuations.
Geopolitics
Martin Armstrong, a financial and geopolitical cycle analyst, recently predicted an assassination attempt on Donald Trump and efforts to provoke a war with Russia. He believes these actions stem from the Deep State’s realization that they cannot manipulate the election enough to secure a win for Kamala Harris, whose approval rating he claims is around 10%, according to Armstrong’s “Socratees” computer program. Armstrong asserts that the Biden Administration is desperate, evidenced by a second attempt on Trump’s life and the push for war with Russia. He argues that the Deep State’s ultimate goal is to trap Trump into a war if he wins the election, as Trump and RFK Jr. are anti-war. Armstrong suggests that the Deep State might attempt another assassination using diseases like Monkey Pox or Bird Flu, as Trump poses a significant threat to their power. He highlights that neocons, who have been in every administration except Trump’s, are particularly threatened by his potential return. Armstrong warns of severe consequences if a larger war breaks out, including economic collapse, skyrocketing interest rates, and widespread shortages.
Relatedly, Rep. Matt Gaetz, R-Fla., claimed that there are at least five known assassination teams in the U.S. conspiring to assassinate Donald Trump. Gaetz told Just the News and Breitbart that a senior Homeland Security official informed him about the five assassination conspiracies before Sunday’s latest attempt on Trump at his West Palm Beach golf course. Three of these teams are reportedly foreign in nature, while two are domestic. Gaetz expressed concerns that the Secret Service was not providing sufficient support. The recent attempt involved Ryan Routh, who may have been part of a Ukrainian-inspired conspiracy. Routh, who went to Ukraine in 2022, claimed to have helped recruit fighters for the country’s war against Russia. Another plot cited by Gaetz involves a Pakistani man arrested for allegedly trying to hire undercover FBI agents to assassinate Trump. Both Routh and the Pakistani suspect have pled not guilty in their respective cases.
Politics
Newly obtained documents reveal the Air Force’s efforts to reduce the number of white male applicants in its officer training program, aiming for a more diverse and inclusive force. Internal slides show a goal to decrease white male ROTC applicants from 60% in 2019 to 43% by 2029. This initiative, driven by Joint Chiefs Chairman C.Q. Brown since 2022, includes significant spending on diversity advertising and influencer engagements. Critics argue that these diversity quotas compromise merit-based recruitment and the military’s combat readiness. James Fitzpatrick from the Center To Advance Security In America (CASA) expressed concerns that the Air Force’s focus on racial diversity goals undermines national security at a time of increasing global threats. Initially, the Air Force claimed they had no records of these efforts, but after CASA’s lawsuit, hundreds of documents were found, confirming the push for a more representative officer corps. This focus on diversity comes amid low morale, declining recruitment numbers, and military families advising against joining the service. Despite these challenges, the Pentagon has been committed to diversity, equity, and inclusion (DEI) initiatives for decades.
Sources
Gold Stocks: The Most Compelling Opportunity in Gold Market History, Say Analysts
“The opportunity in gold stocks ‘is as compelling as any we’ve seen in the history of the gold market’ – Goehring & Rozencwajg”
Source | Submitted by rhollenb
Economic Slowdown Looms: Experts Warn of Impending Earnings Recession
Corporate executives right now are saying over the next 12 to 24 months, the economy is going to slow, and earnings growth has probably peaked.
Source | Submitted by rhollenb
Martin Armstrong: Deep State Desperate as Kamala Harris Faces Inevitable Defeat
“The Deep State is scared to death of Trump winning in November because he now knows how to play the game.”
Source | Submitted by rhollenb
Leaked Documents Reveal Air Force’s Push to Reduce White Male Officers
According to internal documents obtained by the Daily Caller, the Air Force is proudly working toward reducing the number of white male applicants in its officer training program.
Source | Submitted by AaronMcKeon
Rep. Gaetz Alleges DHS Aware of Five Assassination Teams Targeting Trump
Rep. Matt Gaetz, R-Fla., made the startling claim Thursday that there are at least five known assassination teams in the U.S. conspiring to assassinate Donald Trump.
Source | Submitted by Shplad
by sonjax6 
