Ancient wisdom still true

The Republican congress did nothing. Achieved nothing. Took the mandate they were given and did precisely zero with it. Feckless losers who are relieved to no longer be in the majority. The only thing Republicans do with power is bide their time until they can relinquish it.
Matt Walsh
#gold #firstmininggold #preciousmetals #bullmarket #correction #capitulation #reversal #shortsqueeze #bottombuilding #FF #FFMG
Despite already being overbought, gold pushed further to the upside this morning, reaching USD 4,146. The metal is now up USD 275 from Friday’s low, which looks like a short squeeze. We expect additional upside towards USD 4,186–4,225 at least.
However, 4h-stochastic is overbought in the short term, and tomorrow’s NFP release could trigger a pullback. As long as gold holds above USD 4,050, the bounce remains intact.
https://floriangrummes.substack.com/p/gold-daily-call-for-november-5th-162
Russia will not be drawn into an arms race with Europe and is instead pushing for a new security agreement, Foreign Minister Sergey Lavrov has said.
Speaking at the Fourth Minsk International Conference on Eurasian Security on Tuesday, Lavrov warned against further confrontation and urged European nations to reconsider their approach to relations with Moscow.
He called on countries to “honestly and realistically assess the situation and work together to overcome the accumulated mistakes and misunderstandings, paving the way for a genuinely fair system of mutual security guarantees.”
https://rt-english.com/news/648318-russia-rejects-arms-race-lavrov/
Greenland’s parliament ratified on Tuesday a security agreement reached earlier this year with US President Donald Trump, Reuters has reported. The deal, which is backed by Denmark, provides for an expansion of the US military presence on the Arctic island.
Backed by a majority of lawmakers in Greenland, the deal stipulates broadening the US military’s role on the island, paving the way for two new military bases, as well as Trump’s ‘Golden Dome’ missile defense system, while reaffirming Danish sovereignty and Greenlanders’ right to self-determination.
https://rt-english.com/news/648398-greenland-us-security-deal-trump/
https://x.com/JB_Slear/status/2118081239005696190/photo/1
A lot of our voters stayed home. Not because the agenda failed. Because Washington refused to pass it.
Journalist Aaron Maté told Judge Andrew Napolitano on Tuesday that the CIA is still “running, if the New York Times is to be believed, 12 secret bases inside of Ukraine,” and still controlling Ukrainian intelligence agencies it “effectively rebuilt from scratch after Yanukovych was overthrown in 2014.” He made the claim in an interview for Napolitano’s Judging Freedom podcast, recorded on Election Day, Nov. 3, in an episode titled “CIA and MI6 vs Trump in Ukraine.”
“How pervasive is the CIA in Ukraine today?” Napolitano asked. To which Maté replied:
“Well, it’s so pervasive that it was the one that orchestrated this drone campaign against Russian energy facilities that Trump recently started opposing. It was Trump’s CIA that came up with that and was helping Ukraine do that. And Trump was on board with it until he needed something to sell voters on ahead of the midterms, whereas war on Iran was causing such a spike in energy prices.”
Maté said Trump has since pulled back and criticized Volodymyr Zelensky, “the CIA, as far as I know, is continuing its operations as normal,” and that it is “still helping out with targeting” and “still providing intelligence.”
On November 3, 2026, eight people, five of whom never took the oath of office before the President of the Republic, met at a “General Assembly of Judges of the Constitutional Tribunal” convened by Anna Korwin-Piotrowska. As we pointed out on Monday, a meeting convened by an unauthorized person and in breach of procedure could not produce any legal effects.
Just as we predicted, the “General Assembly” failed to reach a quorum. Those present “calculated” it on the basis of twelve judges, leaving out the President, the Vice-President and one other judge, although the statute requires two-thirds of the total number of judges of the Tribunal – a number the Constitution sets at fifteen.
Any disciplinary action against the President of the Constitutional Tribunal and his deputy is null and void. Not only were the disciplinary benches drawn unlawfully, but in both of them a majority are unauthorized persons. Moreover, the charges themselves are unfounded, as in essence they concern lawful conduct.
The asset base of the entire financial system is being repriced as the allegedly safest assets, sovereign bonds, become part of the riskiest ones…
We are living through an abrupt tightening of financial conditions driven by the slump in confidence of the alleged lowest-risk asset, sovereign debt. And it is directly affecting the stocks that benefit the most from excessive liquidity, namely tech names. These companies have the highest net present value effect from monetary inflation, thanks to their high short-term growth and high margins. They also suffer the sudden tightening faster and more aggressively.
https://www.zerohedge.com/markets/everything-bubble-bursting-real-time
Central bank third-quarter purchases exceeded the five-year quarterly average…
Total third-quarter central bank demand rose by 42 percent year over year to 321 tons, “eclipsing recent typical quarterly buying levels,” according to the World Gold Council, an industry body funded by major gold miners, which publishes widely cited quarterly data on global gold demand.
This was the highest quarterly total since the end of 2024 and firmly above the five-year quarterly average of 227 tons.
The People’s Bank of China led gold purchases, followed by the National Bank of Poland.
This deserved it’s own post as trade negotiations are still not settled …… can/will Trump still do 100% tariffs …… at least for all goods from Ontario?
Voters reject AI data centers on 29 separate referendums.
THIS ONE IS NOT SO CHEERFUL …SERIOUS SHIT
Ta-da! Behold, the magnificent majesty of math. I don’t want to be that guy, but a “collapse in turnout” is the opposite of what the GOP needed to do to prevent this from happening. Avoid the temptation to carelessly assign blame. Republicans did whatever they could think of to get out the vote. They redistricted. They held a midterm convention. They outspent Democrats. The President held daily rallies for the last month. The DOJ pursued illegal votes in every imaginable way— far beyond anything any previous Administration has ever done. No electoral stone was left unturned.
It wasn’t enough to prevent a “collapse” in Republican turnout. We didn’t even match 2022 numbers. So we definitely failed to make it too big to rig.
We expected Democrats to turn out big, since that’s the midterm baseline. Plus, they’ve been exceptionally furious about losing their DEI benefits and pride flags outside federal buildings and SNAP giveaways and learing centers and everything else. We needed to beat that surge of Democrat ire, but too many Republicans stayed home. Consequences naturally follow.
If anyone deserves blame for this, it’s the blackpill brigades, who suppressed turnout and right now are drunk and doing undeserved victory donuts on the front lawn. Congressional Republicans also deserve a share of the blame.
But maybe there’s a pony somewhere in this pile of manure.
https://www.coffeeandcovid.com/p/repuked-wednesday-november-4-2026?
…………
I WILL ADD….TO THOSE REDS WHO STAYED HOME….FUCK YOU AND YOUR $10 A WEEK MORE IN GAS…MAY YOU SUFFER ACCORDINGLY NOW
What if we had won?
We would drift into 2028 with a weak Thune-led Senate, achieving little. RINO’s would still block the Trump agenda. We’d likely lose the White House and Congress then which would be worse!
If we were going to take this bitter pill to fix our party, NOW was the time.
We can retool and rebrand and come back with a stronger offering in 2028 while Democrats have two years to remind America how awful they are.
Ironically, strategically this may have been for the best.
Face it, our GOP Congress sucked and this may be the only way we could have fixed it.
BILL MITCHELL
………….
I WOULD ADD…WHEN TRUMP HAD 2020 STOLEN FROM HIM IT WAS THE BLACKEST OF BLACK DAYS AND WE HAD TO ENDURE THE 4 BIDEN / COVID YEARS ….IF HE HAD WON WE WOULD NOW JUST BE IN THE MIDDLE OF THE KAMALA YEARS LIKELY…..SO HERE WE ARE IN RUINS BUT STILL WITH 2 MORE YEARS TO KICK SOME ASS …SHALL SEE…THE PENDULUM SWINGS BOTH WAYS
see 1st comment
https://x.com/holonabove/status/2117956601290142038
No idea who this is — but it is an interesting analogy
They importantly provoked Sikorski into the faux pas of comparing Tusk’s judicial coup to Poland’s martial law period, which can turn even more Poles against him than there already are.
Another Polish Ambassador just resigned in protest of liberal Prime Minister Donald Tusk’s judicial coup, which is actually a German takeover of Poland by proxy to prepare Europe for war with Russia. Permanent Representative to the UN Professor Krzysztof Szczerski followed in the footsteps of Ambassador to China Jakub Kumoch and Ambassador to Romania Pawe? Soloch on Friday. Foreign Minister Radek Sikorski isn’t pleased with this development and made his feelings known in an X post.
“All three have explained their decisions by referring to actions taken by the Polish government that they could not accept as Polish citizens and did not wish to endorse by continuing their diplomatic missions. Poland has spent more than three decades building its reputation as a stable, secure and reliable international partner. Today, the world sees images of police deployed at one of Poland’s most important constitutional institutions, alongside the resignations of senior Polish diplomats“.
Around 300,000 migrants working temporarily in social care in the UK will now be able to live in the country permanently…along with their families…
It’s not quite citizenship, but it’s close enough. The UK offers a number of loopholes or “fast tracks” to permanent residency for third world migrants, and one of those loopholes is “Indefinite Leave to Remain” (ILR), also known as permanent settlement.
Settlement status allows migrants to stay in the UK essentially for the rest of their lives, with unrestricted access to the labor market, access to health and welfare benefits, and the ability to leave and reenter the country any time they wish. It also gives them the ability to bring their families to live in the UK. They enjoy many of the advantages of citizens, except they don’t get to vote and their children do not automatically become citizens.
https://www.zerohedge.com/political/uk-fast-tracking-permanent-residency-army-migrants
“It’s mostly opportunistic dip buying since we’re now past peak mid-term election uncertainty. Now that we’re here, there will be optimistic buyers who are willing to pick up the pieces.”
Long article……….
“Even without realizing it, he is truly restraining Mother Europe from World War III, which could ultimately end in a nuclear catastrophe…”
President Donald Trump’s interventions are helping to keep the Russia – Ukraine war from descending into global conflict, Belarusian President Aleksandr Lukashenko said, as representatives from Kyiv and Moscow prepare to meet for talks mediated by the United States.
The Democratic midterm sweep threatens to complicate President Trump’s “America First” agenda. Still, the biggest risk to the nation’s industrial revival is at the state and local levels, as Democrats are set to push data center moratoriums.
At the state level, Democrats’ sweep of Texas will likely deliver a particularly hard blow to Musk, who uprooted operations to escape California Democrats years ago. Now, Tesla and SpaceX are clear targets for Texas Democrats.
Lefty James Talarico was elected as Texas senator, and Gina Hinojosa was elected governor, making them the first Democrats to win either office in more than a generation. These Democrats have called for immediate AI regulation and a moratorium on data centers, and there will likely be immense state-level lawfare against Musk’s Tesla and SpaceX empires.
Now official… Democrats just won every single statewide office in Texas:
Senate
Governor
Lt. Governor
Attorney General
Land Commissioner
Comptroller of Public Accounts
Agriculture Commissioner
Railroad Commissioner
All 4 Supreme Court Justices
Employers of all sizes were hiring last month…
ADP’s Employment Report showed a better than expected rise in jobs in October, up 86k (vs +67k exp) – the 16th monthly rise in employment in a row…
While the Iranians are celebrating with smug satisfaction the Democrats’ historic midterm blue tsunami in the US midterm elections, Russia’s leadership is reacting very differently.
Deputy Foreign Minister Sergey Ryabkov on Wednesday bluntly stated that that leaders in the US Democratic Party have a “sharply negative” approach to relations with Moscow.
Not only has Trump of late repeatedly suggested that Zelensky must go, calling for elections in Ukraine, but he has refused to sign into effect the “Lindsey O. Graham” sanctions, while lifting the sanctions on Russian diesel. These decisions have by and large outraged Democrats.
Ryabkov stated further that Russia’s position on Ukraine and broader foreign policy “is not based on short-term considerations and, naturally, does not depend on the fluctuations of the political barometer in other countries.”
Even my wife predicted the dem victories…and we both voted red down the line. At least we kept Florida red…by a nose.
ANOTHER PAIN IN THE ASS RINO IS GONE…SUSAN COLLINS
#gold #firstmininggold #preciousmetals #bullmarket #correction #capitulation #reversal #shortsqueeze #bottombuilding #FF #FFMG
Our bullish calls on Friday and Tuesday proved correct. Gold has staged a strong bounce following the midterms, directly reaching our target at USD 4,045.
While further upside toward roughly USD 4,065 remains likely, short-term gains should now be protected as the 4-hour stochastic is becoming overbought.
That said, the expected bottoming process has delivered an important piece of the puzzle: the bulls are still alive, and the battle for USD 4,000 continues. As long as gold remains above USD 3,975, we expect additional upside in the short-term and have the falling 50MA as our next target.
https://floriangrummes.substack.com/p/gold-daily-call-for-november-4th-29c