Reuters

Trump's Base Turns On "Flipper-In-Chief"

"Trump voters felt like they were voting for an anti-establishment candidate — and they're terrified, they're losing faith.  This could be the most elaborate reality show. I'm wondering, was this all an illusion for us, using our movement so he could get in there?"

GoldCore's picture

Gold silver ratio of 32 – 32 times more silver ounces sold. Gold: 22,232 oz and Silver: 716,283 oounces – bullion coins and minted bars sold. Gold is 2.6% higher and silver surged 3.1% in the shortened week with markets closed for Good Friday tomorrow

Frontrunning: April 13

  • Trump comments trigger U.S. dollar, bond yield slide (Reuters)
  • N. Korea Nuclear Test Could Come Saturday or Sooner, Sources Say (VoA)
  • Fear Is Creeping Back Into Markets (BBG)
  • Trump Liking Yellen Ignites Prospects for Fed Policy Continuity (BBG)
  • CEOs gaining power in Trump’s White House (Politico)

North Korea "May Be" Capable Of Sarin-Tipped Missiles, Japanese PM Warns

If you weren't scared before, Japanese PM Abe just stepped up to the global fearmongery plate, announcing in parliament that "there is a possibility that North Korea already has a capability to deliver missiles with sarin as warheads." Of course, he offered no evidence, but in this new normal, it seems possibilities trump probabilities.

S&P Futures Slide Ahead Of Bank Earnings

S&P futures extended their Wednesday decline, dropping in the overnight session with banking shares in focus ahead of results from JPMorgan and Citigroup. European stocks likewise retreated along with the dollar, while Asian shares were mixed.

Wolfgang Schaeuble: "If Muslim Migrants Don't Like Europe, Go Elsewhere"

German finance minister Schaeuble said that Muslims who migrate to Europe should understand that there are better places for them to live if they do not want to accept the European way of life. They should be told "you have made the wrong decision ... There are better places in the world to live under Islamic law than Europe."

Despite "Ruthless Economic War", Venezuela, PDVSA Avoid Default With $2.6 Billion Payment

Bondholders confirmed that Venezuela's state-owned oil company PDVSA made principal and interest payments of $2.2 billion today, avoiding default yet again despite what Vice President Tareck El Aissami called a "ruthless economic war" being waged against the Maduro government. That's the good news, the bad news is that PDVSA has $62 billion more in principal and interest due over the next few years.