Trump or Harris? Who cares! These commodities will perform either way

Twitter (X): @JCooperGeo

Dear Reader,

Since the assassination attempt on Donald Trump on 13 July in Butler, Pennsylvania, there’s been a proliferation of ‘Trump Trade’ ideas circulating across the media.

Up until last week, a Trump re-election was seemingly baked in. Investors rushed to align their portfolios for a Republican victory.

But now that Joe Biden has withdrawn from the presidential race, Kamala Harris, a younger candidate, looks set to inject new vigour into the scuttled Democratic Party.

With that, the ‘Trump Trade’ is cooling.

Early polls already hint that a Harris vs Trump election will be tight…that’s according to Reuters on Wednesday.

So, what does that mean?

Investors are now as clueless as ever regarding who might win in November!

It comes back to what Warren Buffett says about mixing politics with your investment strategies… Don’t do it!

And it looks like the Oracle was spot on again.

Expect more volatility into November

In Australia, we’re somewhat sheltered from the spectacle unfolding in the States.

But as commodity investors, we can’t ignore it altogether…

Continue Reading...

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Dear Reader,

Foreign policy hack, Mary Kissel:

‘China is a party state. The function of China is not to better the interests of the Chinese people — it is to promote, strengthen, and expand the power and influence, and reach of the Chinese Communist Party.’

You might wonder: is that any different from the Democratic Party or the Republican Party?

And where did Kamala Harris come from? Does anyone know how or why this ‘DEI hire’ is now in the running for the top job in the USA?

Was the selection process for her much different from how the Soviets chose Brezhnev, or how the Chinese chose Xi? Wasn’t she selected by party honchos, behind closed doors? And isn’t her mission not to ‘better the interests’ of the American people...but to ‘promote, strengthen and expand the power and influence’ of the Democratic party’s elites?

We are exploring US foreign policy. Not for its own sake...foreign policy is not our beat. But how will America’s confrontational, scaremongering attitudes affect our financial future? In preview, the age-old combination of war and debt are likely to be fatal to the empire...and to US asset values.

The problems in themselves are easy to understand and solve. Javier Milei in Argentina turned a deep deficit into a surplus in a matter of months. In America, it should be easier. The ‘empire budget’ could be cut in half...or more...just by eliminating the ‘empire’ part. On the other hand, without substantial cuts to the military, there is little chance of preventing a financial catastrophe. Too bad, the firepower industry controls Congress!

Continue Reading...