Gold May Stay in a Solid State

  • The Fed is widely expected to announce an increase in the target range for its federal funds rate to between 0.5% and 0.75% when its two-day meeting wraps up Wednesday, analysts agree.  Janet Yellen may keep rates the same because of tepid results from Black Friday and a questionable December jobs report.  Chevrolet, Toyota and other automaker discounts are barometers of weak economy and the twelve days of Christmas.  However, there are rumors that GM may reinvigorate the Saturn Brand by building a Hybrid similar to the Chevrolet Encore chassis and spin it off as a growth vehicle.

Excellent Contrarian Opportunity – The Military Industrial Complex is too Important to the Work Force of this Country

Lockheed (LMT-NYSE) and its suppliers have invested billions of dollars into an effort to bring per-plane production costs in line with current generation fighters, such as the F-16.  LMT P/E is ONLY 14.40 with a promising growth contract with India and Turkey.

UTX, supplier of the jet engines, is a positive indicator that there will not be drastic cuts.  The jet engine is one of the most expensive part of a fighter.  BA holding strong, down fractionally.

Avocat for Oil and Gas Development Hired by Trump for the Interior Dept

WASHINGTON – U.S. President-elect Donald Trump will pick U.S. Representative Cathy McMorris Rodgers, a climate-change skeptic and an advocate for expanded oil and gas development, to run the Interior Department, a Trump aide said on Friday.

The appointment could mean easier access for industry to more than a quarter of America’s territory, ranging from national parks to tribal lands stretching from the Arctic to the Gulf of Mexico, where energy companies have been eager to drill and mine.