Gold Pop, Dollar Drop On "Red Hot" Mueller Social Media Probe Headlines

Following a weak 30Y auction, headlines struck that special prosecutor Robert Mueller is said to have "red hot" focus on social media with Bloomberg reporting his team probing Russia-backed fake news on social media. The instant reaction was dollar weakness and gold strength.

This just continues the narrative started last week with Facebook admitting collusion with Russian operatives...

  • MUELLER PROBE IS SAID TO HAVE `RED-HOT' FOCUS ON SOCIAL MEDIA
  • MUELLER TEAM SAID SEEKING MORE EVIDENCE FROM SOCIAL MEDIA COS.
  • MUELLER TEAM PROBING RUSSIA-BACKED FAKE NEWS ON SOCIAL MEDIA

Bloomberg adds:

"The ability of foreign nations to use social media to manipulate and influence elections and policy is increasingly seen as the soft underbelly of international espionage, another official said, because it doesn’t involve the theft of state secrets and the US doesn’t have a ready defense to prevent such attacks.

 

Agencies including the Office of the Director of National Intelligence and the Federal Bureau of Investigation are now examining what could be done to prevent similar interference and espionage in future elections, starting with the 2018 midterm congressional vote, the official said.

 

At the same time, Russia is ramping up its hacking operations, Director of National Intelligence Dan Coats said.

 

“Russia has clearly assumed an even more aggressive cyber posture by increasing cyber espionage operations and leaking data stolen from those operations,” Coats said Wednesday at the Billington Cybersecurity Summit in Washington."

 

Mueller’s office declined to comment on the status of the investigation.

And the reaction is negative for the dollar and positive for gold...

As a reminder, we noted last night what a farce this current witch hunt has become... just in case it isn't crystal clear why the above statement is so ridiculous, please allow us to demonstrate with one simple chart.  This is how the $50,000 worth of 'Russian' ad buys on Facebook compares to the $1.2 billion that Hillary spent on her campaign...please note, this is not a mistake...the $50k literally isn't even big enough to show up on the chart. 

All of which means that one of the following three things is true:

i) Facebook delivers the greatest ROIC to advertisers in the history of mankind,

 

ii) Hillary is the worst allocator of capital ever

 

or iii) this whole narrative is just beyond dumb.

This is just becoming increaingly embarrassing for the establishment as evidenced by Mark Warner, the committee’s top Democrat and a former telecommunications company founder, comments... “This is the Wild, Wild West."

Comments

JimmyJones FreeShitter Wed, 09/13/2017 - 13:28 Permalink

I can see it now, 2020, Muller will be right there about to break the biggest story ever, right there about to drop the hammer, so close, with earth shattering findings just around the corner."The US doesn't have a ready defense to prevent such attack"Yeah for good reason it would be censorship, you could just label anything "outside interference"

In reply to by FreeShitter

JRobby ne-tiger Wed, 09/13/2017 - 13:46 Permalink

There should be some really solid (manufactured) evidence on social media. With the CIA tools available, the evidence can be made to look like it came from any servers, on any date, from any country in the world. You don't get much more solid evidence than that!Grasping at straws now. Where's the "Grnd Jury" indictments????????

In reply to by ne-tiger

realmoney2015 3LockBox Wed, 09/13/2017 - 13:33 Permalink

Prediction: Gold will hold it's value and the Fiat currencies will be devalued to eventually nothing. This has happened for centuries. Nothing has changed. We need to go back to a sound monetary system. The first step is ending the Fed. www.scentsaverscandles.comHelp us raise awareness and spread the message of real money. Candles with silver coin prizes help people understand the true value of money and start their own stack!

In reply to by 3LockBox

Gusher FreeShitter Wed, 09/13/2017 - 13:43 Permalink

I have a Facebook account only because they block you from reading various things unless you can sign in with Facebook.  In other words I'm not influenced by Facebook, never see it and yet I voted for Trump. Those rascally Russians must have found a different way to get to me. Give Mueller enough money and he may find out how they did it.    But Obama givng 150 billion to Iran, nothing to see there.  Clinton pay to play, nothing to see there.

In reply to by FreeShitter

c2nnib2l Wed, 09/13/2017 - 13:29 Permalink

gold was at 1334 this morning GMT time it went down to 1320 on bullshit tax reform promise and now it went up $ 2.00 and that's a pop ? lol 

DirtySanchez (not verified) Wed, 09/13/2017 - 13:29 Permalink

Mueller is Dirty.

Entire Establishment needs Mueller and his witch hunt to remove Trump from office.

Globalism is the end result.

The very connected few, permanent privileged ruling class over the untold billions of poor dumb victims.

earleflorida Wed, 09/13/2017 - 13:51 Permalink

the proverbial, 'needle in a haystack' where this elusive 'propaganda-bubble-buster'-thingy[?]', so resides,...--- where this master sleuth`mueller tries aimlessly to discover without pricking the 'bubbled`fallacy', thus making mockery of a Fascist USSA [?!?] MSM*

ET (not verified) Wed, 09/13/2017 - 14:05 Permalink

Oil up 2.2% and USD index up 0.6%.

The petrodollar is a tough cookie.

Physical Gold and Silver are the endgame for crypto. On the cusp of a major move in Gold and Silver.

FreeShitter ET (not verified) Wed, 09/13/2017 - 14:17 Permalink

Sure they are buck, just like BTC was dead at 200, 1k, 2k, 3k, and 5k.....gold and silver are down, cryptos are down. There is NO competition between them. As long as the moneychangers have access to paper gld and slv, they direct those prices to whereever they need them. Until you figure that part out, you are just as clueless as the rest of these muppets. The moneychangers cant print crypto, but they sure as hell can cause some FUD. But you knew that right, liar?

In reply to by ET (not verified)

moneybots Wed, 09/13/2017 - 14:10 Permalink

"Bloomberg reporting his team probing Russia-backed fake news on social media" The DNC, Hillary and American mainstream media colluded against Trump. They almost got away with it. Fortunately, the American people didn't let them get away with it.

moneybots Wed, 09/13/2017 - 14:19 Permalink

 "The ability of foreign nations to use social media to manipulate and influence elections and policy is increasingly seen as the soft underbelly of international espionage, another official said, because it doesn’t involve the theft of state secrets and the US doesn’t have a ready defense to prevent such attacks." Germany, France, Great Britain, Italy, Spain, Belgium... all have social media. How many negative Trump comments were made on foreign social media, in an attempt to influence our election?    

redmudhooch Wed, 09/13/2017 - 14:24 Permalink

If DC only knew how this endless bullshit is making them the most hated sorry-ass excuses for Americans in America.Keep it up guys, digging your own graves that is.