Monday, September 03, 2018
Silver Mining Stocks SIL ETF Q2’18 Fundamentals / Commodities / Gold and Silver Stocks 2018
The major silver miners’ stocks have been thrashed, pummeled to brutal multi-year lows. They suffered serious collateral damage as silver plunged on gold’s breakdown, driven by crazy-extreme all-time-record silver-futures short selling. All this technical carnage left investors reeling, devastating sentiment. The silver miners’ recently-reported Q2’18 results reveal whether their anomalous plunge was justified fundamentally.
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Companies trading in the States are required to file 10-Qs with the US Securities and Exchange Commission by 45 calendar days after quarter-ends. Canadian companies have similar requirements. In other countries with half-year reporting, many companies still partially report quarterly.
Read full article... Read full article...
Monday, September 03, 2018
The Four Different Types of Debt Consolidation Loans / Personal_Finance / Debt & Loans
...
Sunday, September 02, 2018
Gold is the Sun, and an Anchor / Commodities / Gold and Silver 2018
The ‘Gold as Inflation Hedge’ Canard
On the one hand you have the sons of Harvey & Erb, who called gold to $800/oz. and caused a stir in the gold “community”. Per Campbell Harvey in this video with Kitco’s Daniella (dig the flowing golden locks of hair)…
“Gold is just too volatile” to be an effective inflation hedge.
Read full article... Read full article...
Sunday, September 02, 2018
The Marijuana Investing Game is Just Starting / Companies / Cannabis
I recently traveled to Toronto, Canada. My wife and I took a bicycle tour and traveled to the waterfront, the old Distillery District, over to the CN Tower, up to Chinatown, and then through Kensington.You notice things as you ride around. The people are nice, almost to a fault. The streets aren’t as clean as I expected. The population is very diverse, and they speak many languages.
Read full article... Read full article...
Sunday, September 02, 2018
Financial Markets Are Nearing the Line in the Sand / Stock-Markets / Financial Crisis 2018
Most of the classic technical indicators favor a continued rally in stocks into 2019.
And that’s still my preferred scenario for a final peak. One that happens in late 2019, coming off of this Trump rally that started in late 2016.
It could be near its peak growth rate after the 4.1% GDP report.
But it’s not likely to be sustainable for long given that we are running out of workers to rehire, and the real estate bubble seems to be finally be running out of steam due to such high prices making homes and rentals unaffordable.
Sunday, September 02, 2018
How Much does the UK Really Owe in Debt? / Interest-Rates / UK Debt
...
Sunday, September 02, 2018
Sheffield City Centre Then and Now - Town 1960 vs 2018 / Local / Sheffield
Here's Sheffield city centre, or Town as we like to call it, 1960 vs today (2018). How things have changed and continue to change with much work to be down for instance on the hole that once was Castle Market.
Read full article... Read full article...
Saturday, September 01, 2018
A Close Look at the Bitcoin Bubble / Currencies / Bitcoin
A few weeks ago on CNBC, an analyst compared the bitcoin bubble to the early internet bubble.What?!
We’ve been saying that since late December 2017, when bitcoin was just starting to crash.
And oh, did it crash.
Read full article... Read full article...
Saturday, September 01, 2018
US Interest Rates - A Pound of Cure / Interest-Rates / US Interest Rates
This week, as investors and economists fixate on record highs set by major stock market indices, they have ignored much more significant developments that emerged from the Federal Reserve's annual meeting in Jackson Hole, Wyoming. Fed Chairman Jerome Powell delivered a speech that somehow was almost universally interpreted as a reiteration of his commitment to continue to raise rates throughout the next few years. "Steady as she goes" was the takeaway from just about any news outlet. But the Chairman's actual message was essentially the opposite of what the media reported. From my perspective, it provided evidence that President Trump has succeeded in getting Powell's mind right on the need for the Fed to continue to stimulate the economy, no matter how much evidence emerges that it is already over-stimulated.
Read full article... Read full article...
Saturday, September 01, 2018
The Age of Change Is Coming / Companies / Technology
I’m often called the “muddle-through guy.” When I consider opposing scenarios or opinions, I figure reality will be somewhere in between. That’s right more often than you might suspect.
So, let’s consider two seemingly conflicting ideas.
- Major economic pain is coming.
- We have a bright, prosperous economic future.
Can both of those be right? I think so.
Read full article... Read full article...
Saturday, September 01, 2018
Upside Targets for Gold, Gold Stocks & Silver / Commodities / Gold and Silver 2018
After a vicious selloff precious metals have stabilized. Its not a surprise given the breadth and sentiment extremes we noted and had predicted earlier. Although recent gains have met some resistance, the immediate path of least resistance should be higher. Let’s take a look at the key support and resistance levels for the metals and the miners.
Gold has retreated after hitting $1220/oz a few days ago. That was the first area of resistance for this rebound. The next resistance level would be around $1235. If Gold can surpass $1235 then look for a move up to $1260. There is very strong resistance above $1260 while $1180 should be strong support.
Read full article... Read full article...
Saturday, September 01, 2018
S&P Makes 4 Consecutive All-time Highs in August. Like 1987? / Stock-Markets / Stock Markets 2018
New-all time highs in August for the U.S. stock market are rare because the stock market’s seasonality in August isn’t particularly bullish. But you know what’s even rarer? 4 consecutive all-time highs in August.
As of yesterday, the S&P made 4 consecutive all-time highs (CLOSE $) in August.
The last time this happened was in August 1987, just before the S&P made a “big correction”.
Read full article... Read full article...
Saturday, September 01, 2018
Silver DSLV 3X Short ETF Chartology / Commodities / Gold and Silver Stocks 2018
Today DSLV 3 X short silver etf, is breaking out from a possible bearish falling wedge. I’m going to take an initial position and buy 150 shares at the market at 34.74 with the sell/stop on a daily close below the 50 day ema which is currently at 30.06. ZSL is a 2 X leveraged etf if you don’t want all the leverage. DSLV can be pretty volatile so take small bites. A backtest to the top rail would come into play around the 34.15 area for a slightly lower risk entry point.
Read full article... Read full article...
Friday, August 31, 2018
Market Participants Betting on Nafta Deal between US and Canada / Currencies / Canadian $
The Canadian Dollar strengthened to a two month high against US Dollar earlier this week. Market participants seem to bet on possible inclusion of Canada in a new Nafta pact. The U.S. has just concluded a successful bilateral talk with Mexico on Monday. Under the new agreement, cars need to have 75% of their content originate in the U.S and Mexico. The current Nafta requires 62.5% originate within North America. Under the new deal, 40-45% of auto content need to be made by workers who make more than $16 per hour, favoring the U.S. and Canada.
Read full article... Read full article...
Friday, August 31, 2018
If You Consider Your Home an Investment, Read This / Housing-Market / US Housing
Is your home an investment?
Some say yes.
Some say no.
I say:
- It is an investment
- Not a great investment
- But for a lot of people, the best investment
Let’s unpack.
Friday, August 31, 2018
Dow How Much Higher? / Stock-Markets / Stock Markets 2018
Lucifer was loved in heaven the day before he fell.
Reference: SP500 Cycle Review
The angels today are: Amazon (AMZN), Apple (AAPL), NetFlix (NFLX) and Google (GOOGL). These stocks are loved by the masses, so much so there is a sellers strike. There is no supply of stock float, as no one is selling hence prices rises month after month.
Read full article... Read full article...
Friday, August 31, 2018
Are Silver and Gold 'at the Flood'? / Commodities / Gold and Silver 2018
There is a tide in the affairs of men...
Thus, begins one of the most famous quotes ever uttered, taken from Shakespeare's play, Julius Caesar. Brutus, talking to Cassius, says, "There is a tide in the affairs of men. Which taken at the flood, leads on to fortune..."
A flood tide takes place at the very crest in the water's height. Once the "tide turns," there is no stopping its ebb until, much later, it reaches an extended, even a minus low.
Read full article... Read full article...
Friday, August 31, 2018
The Final Gold Bull Market Confirmation Is Very Close / Commodities / Gold and Silver 2018
We are getting very close to what I believe is the final confirmation of the coming multi-year gold bull market. Although it is very clear that gold is going higher from around these levels, a move pass the $1375 area would be that final confirmation, based on the update of this previously shown comparison:
Read full article... Read full article...
Friday, August 31, 2018
Eleven Reasons Why I Am Super Bullish On Gold and Silver. / Commodities / Gold and Silver 2018
The Ducks are Lining Up!
This chart is courtesy Real Investment Advice.com and borrowed from a recent article: ‘Wicksell’s Elegant Model’. The brown areas in the chart highlight the periods when ‘real rates’ were and are negative. Gold tends to perform best during those periods.
Friday, August 31, 2018
Recommendation for Bond Investors: Don’t Fight Financial Repression / Interest-Rates / US Bonds
The Congressional Budget Office (CBO) released two supplemental reports this month—the first reveals budget scenarios it “did not have enough time” to include in June’s 2018 Long-Term Budget Outlook, and the second shows what needs to happen for policy makers to reach certain government debt targets.
I plan to post a few charts summarizing the new reports, but because I’m sounding off on bonds for now (or in a moment) and don’t need all the detail to support my argument, I’ll share only a short summary of the first report.
Read full article... Read full article...