{"id":485339,"date":"2017-05-08T21:43:48","date_gmt":"2017-05-08T21:43:48","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=485339"},"modified":"2017-05-08T21:43:48","modified_gmt":"2017-05-08T21:43:48","slug":"la-defense-de-lenlightenment-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=485339","title":{"rendered":"La D\u00e9fense de l\u2019Enlightenment"},"content":{"rendered":"
<\/a><\/div>\n

By Brian Maher<\/a><\/span> <\/p>\n

<\/div>\n

This post La D\u00e9fense de l’Enlightenment appeared first on Daily Reckoning.<\/p>\n

\u201cOf course Marine Le Pen is going to win, and thank God\u2026 France needs Marine Le Pen\u2026 like America needed Trump to put some order in the White House and the country.\u201d<\/p>\n

Yeah. Well.<\/p>\n

We did something Friday we’ve never done before\u2026<\/p>\n

We offered readers a free trade\u2026 compliments of the house\u2026 no subscription required on any of our fancy trading services.<\/p>\n

If Marine Le Pen won yesterday’s election in France, the trade could have potentially paid up to 900% \u2014 in just a couple of weeks.<\/p>\n

Pretty handsome.<\/p>\n

Our reasoning: Le Pen was such a dark horse, such a bare possibility\u2026 that any intrepid soul willing to try his luck on her should reap a windfall.<\/p>\n

But a ghost got into our machinery Friday afternoon.<\/p>\n

And we couldn’t push the issue out in time for readers to book the trade.<\/p>\n

Just as well, really.<\/p>\n

The delay spared the reader who authored the above prediction any temptation to put his money where his mouth was.<\/p>\n

Or anyone else whose competitive spirits we may have tickled.<\/p>\n

Of course, Madame Le Pen took a trouncing yesterday.<\/p>\n

Her opponent, centrist \u201cindependent\u201d Emmanuel Macron, ran away with it, 66%-34%.<\/p>\n

And the trade is down nearly 90% since Friday.<\/p>\n

There’s still a chance it’ll rebound to near breakeven by May 19, when the option expires.<\/p>\n

But no 900% gain. Which is something of a relief to our troubled conscience. Imagine coming on today trying to explain how our tardiness cost you a shot at 900%?<\/p>\n

(Would you have made that trade Friday afternoon had you received the issue in time? Let us know. And be honest! dr@dailyreckoning.com.)<\/p>\n

Jim Rickards defied consensus by predicting both of last year’s shockers \u2014 June’s Brexit and November’s election of Donald Trump.<\/p>\n

But Jim doesn’t shock for the sake of shocking. And this time he found himself swimming in the mainstream, paddling right alongside Mr. Establishment:<\/p>\n

\u201cLet me be perfectly clear,\u201d Jim came out flat-footed in Friday’s reckoning. \u201cI fully expect Macron to win this Sunday. I think the polls have it right this time.\u201d<\/p>\n

No hems. No haws. No ifs, ands or buts.<\/p>\n

How was today’s market reaction to Macron’s win?<\/p>\n

In a word\u2026 subdued.<\/p>\n

The Dow was up a slender five points. The S&P couldn’t even scratch out one full point today. The Nasdaq couldn’t manage two.<\/p>\n

Macron’s win was already \u201cbaked in the cake,\u201d as the saying has it.<\/p>\n

Any surprise would have been on the downside.<\/p>\n

And VIX \u2014 Wall Street’s \u201cfear gauge\u201d \u2014 relaxed to its lowest level today since February 2007.<\/p>\n

Over 10 years ago.<\/p>\n

On the other hand, the euro notched a six-month high against the dollar today \u2014 $1.093.<\/p>\n

No surprise there.<\/p>\n

Perhaps more surprising is gold. The \u201csafety trade\u201d coughed up just 70 cents today. We suspected worse.<\/p>\n

Now the larger question\u2026<\/p>\n

Is the great populist tide that swept Britain out of the European Union and Donald Trump into the White House\u2026 receding?<\/p>\n

The Netherlands rejected a nationalist candidate in March. Now France has done the same.<\/p>\n

Bloomberg bleats (or gloats?) that \u201cMacron’s decisive triumph over the anti-euro Marine Le Pen \u2026read more<\/a> <\/p>\n

Source:: Daily Reckoning feed<\/a><\/p>\n

The post <\/a>La D\u00e9fense de l’Enlightenment<\/a> appeared first on Junior Mining Analyst<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Brian Maher This post La D\u00e9fense de l’Enlightenment appeared first on Daily Reckoning. \u201cOf course Marine Le Pen is going to win, and thank God\u2026 France needs Marine Le Pen\u2026 like America needed Trump to put some order in the White House and the country.\u201d Yeah. Well. We did something Friday we’ve never done […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/485339"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=485339"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/485339\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=485339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=485339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=485339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}