Update on the news
Jul 01, 2016
The stock markets in the Western countries have all recovered from their initial Brexit shock. No doubt the Plunge Protection Team running the Exchange Stabilization Fund has done its job. However, the metals market seems to see a continuing benefit from this shock, as gold and silver are both up considerably—and heading still higher. Gold is up to $1340 (as I write this), and silver is up more than a dollar just today to $19.77/oz. Barely a month ago, silver was under $14.
This tells me that while the Plunge Protection Team are propping up the markets with unlimited funds, many investors themselves remain wary of the markets and don’t believe that these share prices are realistic or sustainable. Instead, they are looking at gold and silver as better investments for the future.
Meanwhile, Bill Clinton’s ill-advised visit yesterday with Attorney General Loretta Lynch drew a lot of criticism in view of the FBI’s ongoing criminal investigation into the activities of the Clinton Foundation and also Hillary Clinton’s perjury over her deleted emails and her use of a private, unsecured server to hold highly classified documents.
Headline: “Democrats groan after Bill Clinton meets Loretta Lynch.”
Hillary: “It’s time to move on.” Nothing here to see. Donald Trump was “flabbergasted.”
Stung by the well-justified criticism, Lynch now says that she will stand aside and let the FBI decide whether or not to indict Hillary.
The New York Times was first to report on Lynch's apparent solution to perceptions of a conflict of interest.
'I certainly wouldn't do it again,' Lynch said of the Clinton meeting.
That get-together has been criticized as inappropriate by Republicans and some Democrats at a time when the Justice Department has been investigating whether classified information was mishandled through Clinton's exclusive use of a private email server while she was secretary of state.
Lynch told reporters that she did and Bill Clinton did not discuss the email investigation during the encounter – insisting that they chatted about grandkids and golf.
No one really believes her cover story that she only “chatted about grandkids and golf.” Lynch has apparently panicked today and realized that her own job could be threatened if she did not extricate herself from this situation. Her gaffe may prove to be the final nail in her coffin, since she had been the main obstacle preventing the FBI from indicting Hillary.