The whole World is freaking out this morning about the guy Matt Taibbi calls "The Insane Clown President" as he and his posse take a hard turn to the right at the Conservative CPAC gathering in Maryland. I'm not going to get into all the hateful and offensive things going on over there other than to say the rest of the world is rather horrified and today, Trump himself will address the crowd and it's going to be a lot like waving red flags at a bull – so we have that to look forward to.
Unfortunately, I'm going to be live at the Nasdaq this morning so I won't be able to attend the 9:25 MAIN STAGE presentation entitled "If Heaven Has a Gate, a Wall and Extreme Vetting, Why Can't America?" Oh yes, I wish I were joking but it's REAL! The session is moderated by Colorado Rep Bob Beauprez along with CO's Ken Buck, Arizona's Andy Biggs along with Mike Gonzales from The Heritage Foundation and Helen Krieble from the Kreible Foundation.
After that, things get more serious with "Rustbelt, Religion and Realignment". I know, I can't believe I'm missing the fun! Pence, Bannon and the rest of the B Team were there yesterday and the Big Kahuna flies in today and it's interesting because last year he was so vilified at this Conference that he cancelled his appearance.
So, aside from the Conservative feeding frenzy, we had Mike Pence saying yesterday that "America's ObamaCare nightmare is about to end" and Steve Bannon saying "The Globalists aren't going to give us our country back without a fight" and warning the base that "It’s not only not going to get better, it’s going to get worse every day in the media" while Trump is calling China a currency manipulator and Treasury Secretary Mnuchin rolls out a "Weak Dollar Policy."
That's sent Gold and Silver (our Trade of the Year) flying higher while the weaker Dollar covers the flight out of equities by holding up the index (stock prices up as Dollar weakens) long enough to cover the tracks of the smart money crowd. It wasn't enough to help oil though and you are very welcome…