Silver as an investment

Will Barack Obama Delay Or Suspend The Election If Hillary Is Forced Out By The New FBI Email Investigation?

barack-obama-and-hillary-clinton-in-the-white-house-public-domainJust when it looked like Hillary Clinton was poised to win the 2016 election, the FBI has thrown a gamechanger into the mix. On Friday, FBI Director James Comey announced that his agency has discovered new emails related to Hillary Clinton’s mishandling of classified information that they had not previously seen. According to the Associated Press, the newly discovered emails “did not come from her private server”, but instead were found when the FBI started going through electronic devices that belonged to top Clinton aide Huma Abedin and her husband Anthony Weiner.  The FBI has been looking into messages of a sexual nature that Weiner had exchanged with a 15-year-old girl in North Carolina, and that is why they originally seized those electronic devices.  According to the Washington Post, the “emails were found on a computer used jointly by both Weiner and his wife, top Clinton aide Huma Abedin, according to a person with knowledge of the inquiry”, and according to some reports there may be “potentially thousands” of emails on the computer that the FBI did not have access to previously.  Even though there are less than two weeks to go until election day, this scandal has the potential to possibly force Clinton out of the race, and if that happens could Barack Obama delay or suspend the election until a replacement candidate can be found?

Let’s take this one step at a time.  On Friday, financial markets tanked when reports of these new Clinton emails hit the wires.  The following comes from CNN

After recommending earlier this year that the Department of Justice not press charges against the former secretary of state, Comey said in a letter to eight congressional committee chairmen that investigators are examining newly discovered emails that “appear to be pertinent” to the email probe.

“In connection with an unrelated case, the FBI has learned of the existence of emails that appear pertinent to the investigation,” Comey wrote the chairmen. “I am writing to inform you that the investigative team briefed me on this yesterday, and I agreed that the FBI should take appropriate investigative steps designed to allow investigators to review these emails to determine whether they contain classified information, as well as to assess their importance to our investigation.”

At this point, we do not know what is contained in these emails.  But without a doubt Huma Abedin is Hillary Clinton’s closest confidant, and I have always felt that she was Clinton’s Achilles heel.  Journalist Carl Bernstein (of Watergate fame) is fully convinced that the FBI would have never made this move unless something significant had already been discovered

We don’t know what this means yet except that it’s a real bombshell. And it is unthinkable that the Director of the FBI would take this action lightly, that he would put this letter forth to the Congress of the United States saying there is more information out there about classified e-mails and call it to the attention of congress unless it was something requiring serious investigation. So that’s where we are…

Is it a certainty that we won’t learn before the election? I’m not sure it’s a certainty we won’t learn before the election.

One thing is, it’s possible that Hillary Clinton might want to on her own initiative talk to the FBI and find out what she can, and if she chooses to let the American people know what she thinks or knows is going on. People need to hear from her…

If the FBI has indeed found something explosive, would they actually charge her with a crime right before the election?

It is possible, but we also have to remember that government agencies (including the FBI) tend to move very, very slowly.  If there are thousands of emails, it is going to take quite a while to sift through them all.  And of course Barack Obama has lots of ways that he could influence, delay or even shut down the investigation.

So those that are counting on this to be the miracle that Donald Trump needs should not count their chickens before they hatch.

But if Hillary Clinton were to be forced out of the race by this FBI investigation, the Democrats would have to decide on a new candidate, and that would take time.  The following is from a U.S. News & World Report article that examined what would happen if one of the candidates was forced out of the race for some reason…

If Clinton were to fall off the ticket, Democratic National Committee members would gather to vote on a replacement. DNC members acted as superdelegates during this year’s primary and overwhelmingly backed Clinton over boat-rocking socialist Sen. Bernie Sanders of Vermont.

DNC spokesman Mark Paustenbach says there currently are 445 committee members – a number that changes over time and is guided by the group’s bylaws, which give membership to specific officeholders and party leaders and hold 200 spots for selection by states, along with an optional 75 slots DNC members can choose to fill.

But the party rules for replacing a presidential nominee merely specify that a majority of members must be present at a special meeting called by the committee chairman. The meeting would follow procedures set by the DNC Rules and Bylaws Committee and proxy voting would not be allowed.

It would be extremely challenging to get a majority of the members of the Democratic National Committee together on such short notice.  If Clinton were to drop out next week, it would be almost impossible for this to happen before election day.

In such a scenario, Barack Obama may attempt to invoke his emergency powers.  Since the election would not be “fair” until the Democrats have a new candidate, he could try to delay or suspend the election.  There would be a lot of controversy as to whether this is legal or not, but Barack Obama has not let the U.S. Constitution stop him in the past.

Meanwhile, new poll numbers show that the Trump campaign was already gaining momentum even before this story about the new emails broke.  According to a brand new ABC News/Washington Post survey, Donald Trump is now only trailing Hillary Clinton by 4 points after trailing her by as much as 12 points last weekend.

And CNBC is reporting on a highly advanced artificial intelligence system that accurately predicted the outcomes of the presidential primaries and which is now indicating that Trump will be the winner in November…

An artificial intelligence system that correctly predicted the last three U.S. presidential elections puts Republican nominee Donald Trump ahead of Democrat rival Hillary Clinton in the race for the White House.

MogIA was developed by Sanjiv Rai, founder of Indian start-up It takes in 20 million data points from public platforms including Google, Facebook, Twitter and YouTube in the U.S. and then analyzes the information to create predictions.

The AI system was created in 2004, so it has been getting smarter all the time. It had already correctly predicted the results of the Democratic and Republican Primaries.

Without Hillary at the top of the ticket, the odds of a Trump victory would go way, way up.

So if Hillary is forced out of the race by this investigation, Barack Obama and the Democrats will want to delay or suspend the election for as long as possible if they can.

At this point there is probably not a high probability that such a scenario will play out, but in this crazy election year we have already seen that just about anything can happen.

Why Most Analysts’ Gold & Silver Price Forecasts Are Wrong / by  / October 27, 2016

Precious metals investors are being misled by most analysts’ price forecasts because they do not understand the critical underlying fundamental value mechanism.  Furthermore, there seems to be a great deal of animosity from the short-term trading analysts who view many in the precious metals community as pandering hype and conspiracies.

One of these analysts is Avi Gilburt of the Elliottwavetrader site.  He criticizes the “Gold bugs” in a few of his more recent articles, Who Do You Allow Yourself To Be Manipulated, Did Your Mother Write An Article On Gold, and Damn Manipulators.


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A lot of people, especially millennials, are concerned at Hillary’s war rhetoric, and especially the stuff she made up about tying Wikileaks to Russia at the last debate.

Now an ominous new mock ad campaign about registering for the draft for Hillary on Twitter complete with hashtags, #ImWithHer, #EnlistforHer, #FightforHer, and #DieforHer is making the rounds, reminding us all how close America currently is to World War III and which candidate would definitely, without a doubt, be all about going to war against Russia.

At first glance, it is scary how real these look.



Paul Ryan Issues Statement On FBI Reopening Of Hillary Clinton Probe / by Tyler Durden / Oct 28, 2016 1:52 PM

In the chaotic aftermath of the FBI’s announcement that it is reopening its investigation into Hillary Clinton’s server, moments ago House speaker Paul Ryan decided to once again get involved actively in the presidential race, and issued the following statement:

“Yet again, Hillary Clinton has nobody but herself to blame. She was entrusted with some of our nation’s most important secrets, and she betrayed that trust by carelessly mishandling highly classified information. This decision, long overdue, is the result of her reckless use of a private email server, and her refusal to be forthcoming with federal investigators. I renew my call for the Director of National Intelligence to suspend all classified briefings for Secretary Clinton until this matter is fully resolved.”


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FBI Reopens Clinton Probe: Too Little Too Late? Surprising Krugman Tweet / Mike “Mish” Shedlock / October 28, 2016 2:10:34

It should be clear to even the casual observer that the FBI purposely failed to investigate the Hillary email server scam as well as improprieties the Clinton foundation.

Today the FBI reconsidered. So here we are, 11 days from the election, with an unprecedented FBI probe of the likely next president of the United States, who will undoubtedly be given a pardon by president Obama in his final finger to US citizens.

NBC reports FBI Says It Will Investigate New Hillary Clinton Emails.


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Is Apple’s Stock Cheap? Not To My Eyes / by  / 

This is a syndicated repost courtesy of The Felder Report. To view original, click here. Reposted with permission.

Apple reported earnings this week and the latest numbers have some some pounding the table bullish. For example, here’s Forbes from an article titled “Why Apple Is Very Undervalued“:

Apple still trades at 13x earnings. The S&P 500 trades at 16x. Apple trades at 13x next year’s projected earnings. The S&P 500 trades at 16.5x. Clearly it’s undervalued compared to the broader market. What about Apple’s monster cash position? Apple has even more cash now–a record $237 billion. If we excluded the cash from the valuation, Apple trades at 8.6x earnings. Though not an apples to apples (pun), and just for a reference point, that valuation would group Apple with the likes of these S&P 500 components that trade 8x earnings: Dow Chemical, Prudential Financial, Bed Bath & Beyond, a Norwegian chemical company (LBY), and Hewlett Packard Enterprise. It’s safe to say no one is debating whether or not Hewlett Packard is at the pinnacle of its business. Yet, if we strip out the cash in Apple, AAPL shares are trading at an HPE valuation.


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A Presidency From Hell? / by Tyler Durden / Oct 28, 2016 1:29 PM

Submitted by Patrick Buchanan via,

Should Donald Trump surge from behind to win, he would likely bring in with him both houses of Congress.

Much of his agenda — tax cuts, deregulation, border security, deportation of criminals here illegally, repeal of Obamacare, appointing justices like Scalia, unleashing the energy industry — could be readily enacted.

On new trade treaties with China and Mexico, Trump might need economic nationalists in Bernie Sanders’ party to stand with him, as free-trade Republicans stood by their K-Street contributors.

Still, compatible agendas and GOP self-interest could transcend personal animosities and make for a successful four years.


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28/10/16: Rising Risk Profile for Italy / by  / Friday, October 28, 2016

Euromoney Country Risk on Italian referendum and rising risks relating to Euro area’s third largest economy:


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EVs will Crush Jobs in Auto Manufacturing, VW Warns

Wolf / by  / 

A global shift.

Volkswagen’s big kahuna of HR, Karlheinz Blessing – Member of the Board of Management with responsibility for Human Resources and Organization – dropped another brake shoe on global employment in auto manufacturing, which has been under pressure for decades from automation. This time, it’s electric vehicles.

Every global manufacturer is working on a lineup of passenger and commercial EVs. Numerous EV brands are already on the road, from tiny cars to delivery vehicles. UPS, FedEx, USPS, and other delivery services are already looking at EVs or are testing them.

The German postal service has formed its own startup to build EVs in Deutsche-Post-yellow for its delivery runs. These “Streetscooters” have been in production for a while. By the end of this year, 2,000 are expected to deliver mail in Germany. By the end of next year, 10,000. They’re so ugly they’re practically cute.


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US Oil Rig Count Declines For First Time In 4 Months / by Tyler Durden / Oct 28, 2016 1:06 PM

For the first time in 4 months, the US Oil Rig Count declined last week (down 2 to 441) as the total rig count rose 4 to 557 (gas rigs up 6). Oil remains above the $49.00 level for now.


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