Contrarian

Trump spoke to his biggest audience ever back in late September during the first US presidential debate, and he couldn't have made his outlook on the stock markets any clearer. Trump admonished, "Believe me, we are in a bubble right now...and the only thing that looks good is the stock market, but if you raise interest rates even a little bit, that's going to come crashing down. We are in a big, fat, ugly bubble."
----------------

Gold only retreated 1.3% during that latest CoT week ending the 11th, less than a third of the 4.3% plunge of the previous CoT week. Thus there was no reason to expect to see speculators' gold-futures long liquidation continue at any serious scale.

Trump Cabinet Watch
Secretary of State: Rex Tillerson OFFERED
Attorney General: Jeff Sessions OFFERED
Treasury: Steve Mnuchin OFFERED
Defense: JamesMattis OFFERED
Homeland: John Kelly OFFERED
Interior: Ryan Zinke OFFERED
HHS: Tom Price OFFERED
HUD: Ben Carson OFFERED
Education: Betsy DeVos OFFERED
Commerce: Wilbur Ross OFFERED
Transportation: Elaine Chao OFFERED
Labor: Andy Puzder OFFERED
Agriculture: Sid Miller, Heidi Heitkamp, Elsa Murano, Abel Maldonado, Sonny Perdue
Energy: Rick Perry OFFERED
Veterans Affairs: Scott Brown, Jeff Miller, Adm. Michelle Howard
OMB Director: Mick Mulvaney OFFERED
U.S Trade Representative: Robert Lighthizer
CIA Director: Mike Pompeo OFFERED
UN Ambassador: Nikki Haley OFFERED
Environmental Protection Agency: Scott Pruitt OFFERED
National Security Adviser: Michael Flynn OFFERED
Director of National Intelligence: Dan Coats OFFERED
Small Business Administration: Linda McMahon OFFERED
RNC Chair: Ronna Romney McDaniel OFFERED

HUI Index Components (as of 12/01/11)
Company name Weight
Goldcorp Inc. 16.20%
Barrick Gold Corp. 15.37%
Newmont Mining Corp. 10.88%
Harmony Gold Mining Co. Ltd. 5.21%
Coeur d'Alene Mines Corp. 5.11%
Yamana Gold Inc. 5.00%
AngloGold Ashanti Ltd. 4.88%
Gold Fields Ltd. 4.80%
Randgold Resources Ltd. 4.71%
Iamgold Corp. 4.43%
Eldorado Gold Corp. 4.34%
Hecla Mining Co. 4.14%
Compania de Minas Buenaventura SA 4.08%
New Gold Inc. 3.90%
Kinross Gold Corp. 3.85%
Agnico Eagle Mines Ltd. 3.11%

上个月参议员 Jeff Merkley, Elizabeth Warren 与 Bernie Sanders，就在网上发表文章称 Mnuchin 为“止赎国王”。同时号召借款人分享他们因 OneWest 取消抵押品赎回权而受害的故事。而 Waters 是最新炮轰Mnuchin的高级民主党高级成员。