BROADCASTS.com

b'Don\\u2019t miss my upcoming appearances:
\\nThe Las Vegas Trading Conference, Oct. 4-5
\\nThe Dallas Money Show October 13-14
\\nand the\\xa0New Orleans Investment Conference, Nov. 1-4
\\nFirst Day of Q4 2019
\\nToday was the first trading day of the 4th quarter of 2019.\\xa0 And if today\'s action was a harbinger of things to come, it is going to be one difficult quarter for the bulls on Wall Street. In fact, when they rang the opening bell this morning, everybody was happy, the stock market was up, the dollar was up, gold was down again.\\xa0 In fact, gold has had a pretty big correction since my last podcast.
\\nWhen You Live in Glass White Houses\\u2026
\\nYesterday, gold saw a $25 decline; again, with a stronger dollar and a stronger stock market.\\xa0 For some reason, I think investors were a little bit more optimistic over the last few days after my last podcast Donald Trump talked about - or there were some rumors that he was thinking about maybe de-listing Chinese companies from U.S exchanges, making it illegal or something for Americans to invest in China - which I thought was a very dangerous road for the President to go down. Remember, when you live in glass White Houses, you don\'t want to throw stones.
\\nChinese Still Big U.S. Investors
\\nThe United States benefits from a lot of direct investment from overseas, particularly China.\\xa0 Chinese invest a lot in U.S. businesses; they\'re big buyers of U.S real estate, and, of course, they\'re still big holders of U.S. Treasuries. If the United States says, "Well, Americans can\'t invest in China." what happens if the Chinese return the favor?\\xa0 I think we have a lot more to lose than they do. I think the following day or maybe over the weekend the President kind of backtracked away from that trial balloon and they said, "No, we\'re not considering that." So probably that was good news and a relief for the market that that wasn\'t going to happen.
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