The Traderszone Network

In an interview at the 2016 Mauldin Economics Strategic Investment Conference, legendary investor Jim Grant noted, “Cash simply enables one to retain wealth, with an eye towards being opportunistic.”

Raising cash and reducing your exposure to volatile financial markets in turbulent times obviously make sense. The key, of course, is finding a safe, profitable investment opportunity to deploy your cash.

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What NOT to do when loaning a friend money.
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Report names several names
A CNN report, citing sources in Trump’s camp, say Iowa Senator Joni Ernst is one of several names being researched and vetted.
Trump will meet with her today, he said on Twitter.

Rystad Energy estimates US has 264 billion barrels of oil
The Norwegian energy consultancy Rystad Energy said US reserves are slightly larger than Russia (256B barrels) and Saudi Arabia (212B barrels) accounting for existing fields, discoveries and fields yet to be discovered.

Submitted by Howard Kunstler via Kunstler.com,

The mighty Shakespeare in his direst night sweats could not have conjured up the Clinton family in all their sharp angles and dark corners, but we can try to reconstruct the scene last week on Loretta Lynch’s plane out on the Phoenix airport tarmac. Former president Bill steps aboard:

Loretta:   What the fuck are you doing here?

Bill:            I just had to tell you what Charlotte did last week.

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July 4 – Gold $1350.40 up $13.70 – Silver $20.40 up 86
cents
(Last prices over prior Comex close)

Fireworks: Silver SOARS … Gold Roars!

“The gold
price manipulation scheme will go
down as the biggest financial market scandal in U.S.
history.”
— Bill Murphy, Chairman of the Gold Anti-
Trust Action Committee

Brad Hoppmann
Publisher, Uncommon Wisdom Daily

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From Credit Suisse:
We are lowering our 3m EURUSD forecast to 1.05 from 1.17 previously, reflecting the likely growth spillover into the wider European region from the UK’s woes.