Gold Correction Ends, Election Interference, Zonte ZON

Some good news on the inflation front with the Producer Price Index. It was unchanged in September according to the U.S. Bureau of Labor Statistics reported Friday. The consensus on the street was that it would rise 0.1% for the month.

Within final demand in September, a 0.2-percent increase in the index for services offset a 0.2-percent decline in prices for goods. This reflects like so many other indicators that the manufacturing sector is weak.

The index, less foods, energy and trade services, inched up 0.1 percent in September after rising 0.2 percent in August. I still believe we are in a period of stagflation (slow growth and persistent inflation)

A healthy correction in gold appears to be over with a bounce up off of mild support. $3,000 is my target but we could go sideways for a while.

I have commented this election would be like no other and filled with uncertainty. It certainly looks to be panning out. Since my last update early this week, I mentioned polls were about even. In the past week or so there has been a significant shift in the polls to favour Trump.

A video of a professor at the University of Kansas went viral because of his comments on the election. Athletics lecturer Phillip Lowcock can be seen in the clip telling students: "(If you think) guys are smarter than girls, you’ve got some serious problems," adding "That’s what frustrates me. There are going to be some males in our society that will refuse to vote for a potential female president because they don’t think females are smart enough to be president. We could line all those guys up and shoot them. They clearly don’t understand the way the world works.

"Did I say that? Scratch that from the recording. I don’t want the deans hearing that I said that," Lowcock continued.

Just crazy that many of these far left people think violence is the answer if someone does not agree with their views. Friday it was announced that Lowcock was suspended by the University.

Election interference by Democrats was uncovered in Minnesota

Associated Press reported - A congressional candidate who said he was tricked by Democrats into running as a spoiler in a competitive House race in Minnesota suspended his campaign Thursday and endorsed his Republican rival.

Thomas Bowman, an independent running in Minnesota’s 2nd Congressional District, said he’d come to the realization that he was a “pawn” for Democrats deceptively working to split the conservative vote.

Bowman was among several candidates recruited by the Patriots Run Project, which worked to install pro-Trump conservatives as independent candidates in at least 8 key House & Senate races.

An AP investigation found an array of Democratic consulting firms and donors are secretly driving the effort, which used deceptive Facebook pages and websites to recruit candidates and funded efforts to qualify for the ballot.

Bowman changed his mind in part after learning one of the donors, Elizabeth Steinglass, had also given to Craig’s campaign. Steinglass and her husband, David, have given millions to Democratic political candidates and groups, and both have given the maximum this cycle to Craig’s campaign.

“Thomas is a true patriot for his willingness to boldly call out the dirty tricks that Angie Craig’s allies pulled in an attempt to interfere in the election,” Republican candidate Teirab said in a statement.

A complaint has also been filed with the Federal Election Commission alleging the group failed to register as a political committee, which would likely reveal the identity of its management and donors. Facebook has taken down the group’s pages, and its websites have been deleted.

60 minutes Scandal evolving - Caught editing their interview with Harris when she blundered

This is the one I felt so betrayed about. I use to really like 60 minutes for their in depth investigative reporting. There was some real stand out editors over the years that are now retired. It is now obvious that 60 minutes (CBS) has swung far left and is just part of government propaganda.

Kamala Harris was asked a question about the U.S. position on Israel and she blundered so badly, 60 minutes took it out and replaced it with a different answer. Now there are calls to release the unedited version just as they did for Trump and Bill Bar.

Legendary journalist Catherine Herridge is calling out her former employer, telling the network to release the full, unedited transcript. “Full transcript = journalistic transparency,” Herridge added.

I saw the unedited/edited Harris answer on 'X' Thursday. I know many of you will not have X accounts. You can now see it on Vigilant Fox substack here. Listen for yourself how bad it was.

This is all bad news for the Democrats and Harris, but I don't make the news up. I just report it. Don't shoot the messenger. This is also very very bad for CBS's reputation. Is it any wonder the majority don't trust legacy media anymore.

Critics have said Harris did bad in other interviews, but I have not watched any of these so have no opinion. However you know it is probably over when Saturday Night Live throws Harris and the Democrats under the bus. It was actually very funny and Dana Carvey one of my favourite comic actors does a priceless job of Joe Biden.

To be clear this chart below is from Polymarket that is really a betting site, but it reflects what they see in the polls. It shows the recent change with a big jump for Trump.

Things are changing, as the saying goes 'the paint is coming off'. Harris is fading but it is not on policies as everyone knows them. It is showing that Harris has little experience, no hands on experience, she is really a puppet for those really running the party. She tried basement strategy and didn't work, So she went for friendly interviews and she screwed them up. The paint began to peel. I am not calling her stupid but many of the critics are saying as much. You can't hide stupid. Stupid is as stupid does according to Forrest Gump.

In the case of Trump, they been hammering him with everything for years. They just don't have much left to throw at him, especially anything new. They are all out of rotten tomatoes and eggs.

Harris is about 1.8% ahead in National poll, but does not matter because the election is state by state. Only about 10 states that are close and they swing the election. Harris is only winning in Wisconsin and tied in Michigan and Trump leading in all others, when I checked Friday.

Many polls are heavily Democrat bias. Real Clear Politics is a bit better because it is a poll of polls and takes the average. How the poll is conducted matters. Who did you poll? Are they registered voters, are they likely voters, did you poll a heavier weighting of Democrats or Republicans?

Travalgar is also a good poll. It is the one the Republican party relies on, so they feel it is accurate.

For investors following politics is very important. Their policies can negatively or positively affect different stock market sectors. Changes to tax laws can effect investments differently. Remember how green related stocks went on a rocket ride with the Biden win. This time we could see a surge with oil&gas stocks if Trump wins.

Check out the TAN solar etf chart with the Biden win in 2020.

As we get closer to the election and if a Trump win looks more certain I may add some new oil&gas stocks to our list. So far they are not showing any sign of life yet.

Zonte Metals - - - TSXV:ZON, OTC:EREPF - - - Recent Price - $0.06

Entry Price - $0.09 - - - - - - Opinion – buy

Zonte reported drill results on their K6 target. There were no great drill intersects that would be considered economic. The good news is they continue to hit copper with the drill and are extending the K6 target.

Terry Christopher, President and CEO comments; “Drilling at the K6 target continues to intersect copper mineralization, extending it along strike and depth. The mineralization remains open in several directions. Notably, mineralization at depth is broadening, with copper intersected in the previously discovered unit and the underlying adjacent unit. Along one N-S section, drilling has successfully traced mineralization over 170 meters, where it remains open at depth. The Company is planning a series of drill holes, which will include aggressive step-outs along strike and depth, as it continues to target potential higher-grade mineralization at the K6 target. The continued success at K6 highlights the value of the Company’s integrated dataset, developed over the past six years. Based on these results, additional exploration programs are being implemented across multiple targets, most of which will be drill-ready upon completion, pending results. An update on these activities will be provided shortly.”

A total of five drill holes, totalling 1,491 meters, were completed in the summer 2024 drill program and are hereafter designated by the CH24-0X number series. The program was designed to test extensions along strike and at depth from the previous drilling conducted in late 2023 as well as to explore several untested data signatures. The best intersects were CH24-10 with 11.5 metres at 0.22% copper and CH24-02 with 19.23 metres of 0.10% copper.

I have the stock a buy because of the low price as it was knocked down a couple weeks back with one of the flow through funds dumping about 1 million shares in one day. It is only a matter of when Zonte hits the big one, but is taking longer than we all want. The fall/winter drill program will test K6 for higher grade copper and Zonte will likely drill test one or two of the other 12 targets. Which ones will depend on further data expected soon. I will also point out that it is possible a senior partner comes in before the next drilling and that would pop the stock.

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