Trades for Monday, Oct 8, 2018

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Gold (GCZ18)
Bought 1 Contract: 1194.4
Stopped out at: 1191.8
Profit / (Loss): ($260.00)
Note: Demand zone did not hold

 Natural Gas (NGX18)
Bought 1 Contract: 3.265
Stopped out at: 3.235
Profit / (Loss): ($303.00)
Note: Demand zone did not hold

 Gold (CGZ18)
Bought 2 Contracts: 1186.90
Closed at 1193.00
Profit / Loss $1,214.00

Profit for day: $648.00

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Our story starts with the IPCC, or the Intergovernmental Panel on Climate Change, a U.N. organization. "And any settlement of the Global Warming issue by the UN would entail massive transfers of wealth from the citizens of wealthy countries to the politicians and bureaucrats of the poorer countries." (1)

In 1992, at the first U.N. Earth Climate Summit in Rio de Janeiro, Brazil, Program Executive Director Maurice Strong stated, very candidly: 

"We may get to the point where the only way of saving the world will be for industrialized civilization to collapse. Isn’t it our responsibility to bring this about?" (2)

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Individual Retirement Accounts (IRAs) can be a great way to save for retirement because of the tax benefits they can provide. If you’re eligible, you can choose a traditional IRA for an up-front tax deduction and defer paying taxes until you take withdrawals in the future. Or, if eligible, you might opt for a Roth IRA and contribute after-tax money in exchange for tax-free distributions down the road.


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Thoughts on the election results

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As expected, the Democrats took control of the House, the Republicans kept the Senate. This is what the market expected, so there is no longer any uncertainty. Markets hate uncertainty. 

While I can't predict the future, I think we can expect markets to return some gains over the next several months. Today may be the confirmation that the correction has changed to another uptrend. I added to my equity holdings Monday in anticipation of this event. 

But having said that, make sure you have a plan to exit (sell) if the market should decide otherwise. 

Really, I don't think anything is going to happen as far as Washington D.C. is concerned. With a split government, there'll be a lot of talk, but little action. No changes in taxes, immigration, health care, etc. Just the status quo. Which also may be good for the markets. With Democrats in control of House committees, expect more investigations, grandstanding and plenty of theatrics. But this will go nowhere, and just waste time …
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