Growth vs. Value: The Difference Between Gambling and Investing

By Alexander Green Most investors realize that nothing outperforms a portfolio of common stocks over the long haul. (Not cash, not bonds, not real estate, not commodities nor precious metals.) This assumes, of course, that you reinvest your dividends and stick with the program during the down times, two rather significant “ifs.” However, it’s important to note that different classes of stocks give very different returns. For example, Bank of America did a recent study and found that since 1926, growth stocks – companies with faster appreciation in earnings per share – returned an average of 12.8% annually. But value stocks – companies that are inexpensive relative to sales, net income and book value – generated an average return of 17% over the same period. Compounding at these rates, $10,000 invested in growth stocks would be worth $194,294 in 25 years. The same amount invested in value stocks would turn … Continue reading

Will They Haul Off Trump’s Statue, Too?

By Bill Bonner Roger Taney monument in Baltimore. There is a second Taney statue in Baltimore that is presumably also under threat now. [PT] Photo credit: WBFF The poor man had a lot to think about. Upon his shoulders fell the weight of contradictions over slavery. America was supposed to be a free country. As chief justice of the Supreme Court, his main duty was to protect the freedom of its citizens against the power of the government. And yet a large part of the population was kept in chains, condoned and abetted by that very same government. On a personal level, where he bent to his own bricks and tilled his own plants, he knew what to do. He freed his slaves and gave pensions to the older ones. Taney said of slavery that it was “a blot on our national character.” But the gods and myths misled him. … Continue reading

Iron ore joins base metals price rally

By analyst By Frik Els After a string of down days, the Northern China import price of 62% Fe content ore bounced back on Thursday. According to data supplied by The Steel Index the steelmaking raw material jumped 5.6% to exchange hands for $75.70 per dry metric tonne, not far off 4-month highs hit last week. The iron ore price is now trading up a whopping 43% from its 2017 lows struck just two months ago as Chinese anti-pollution crackdown on its heavy industries force the country’s steelmakers to chase high quality imports. Iron ore’s latest rally comes after another furious day of trading on ferrous derivates markets in China. Regulators hiked fees and imposed trading limits last week to dampen speculative activity leading to a slump in prices for steel, iron ore and coking coal but on Thursday the bulls were charging again. In Shanghai rebar futures – the … Continue reading

Trump Takes on Giant

By David Stockman This post Trump Takes on Giant appeared first on Daily Reckoning. Dear Reader, Well, The Donald has shown Amazon that he still wields a modicum of power — at least until he takes his final helicopter ride away from the South Lawn. Here’s what he tweeted at 3 o’clock Wednesday morning: Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt — many jobs being lost! The online retail giant was soon hemorrhaging $5.7 billion of market value. Amazon stock slipped as much as 1.2% in pre-market trading. And with that middle-of-the-night tweet, Trump unloosed a major warning shot across the bow of S.S. Amazon. Yes, The Donald is well on his way toward his last helicopter ride. But I’d bet on Trump launching a major regulatory or antitrust attack on Amazon as he finally goes down in … Continue reading

Cryptocurrencies Can Make You Rich Beyond Your Dreams

By Louis Basenese This post Cryptocurrencies Can Make You Rich Beyond Your Dreams appeared first on Daily Reckoning. One market is hotter than anything I’ve ever seen before. And the good news is we’re in the midst of an absolute earthquake for that market! I’m talking about the “cryptocurrency” market. Cryptocurrencies are things with names like “bitcoin” or “ethereum.” They’re digital currencies that are largely out of the hands of any centralized government. And the fact of the matter is that people from all over the world are getting rich from these cryptocurrencies… There are over 984 cryptocurrencies in existence now. More are coming to market every day. And many are shooting higher and higher each and every day. In fact, Bloomberg reports that one trader recently made over $200 million in one month. How is that possible? Well, these cryptocurrencies are essentially the equivalent of microcap stocks. That is, … Continue reading

Craig Hemke from TF Metals Report – Thu 17 Aug, 2017

By Cory Recapping the last weeks in gold and the copper breakout Craig Hemke, Editor of TFMetalsReport.com shares his insights on the political news moving gold. We also discuss how the metal is able to weather the storm of consistent commodity ETF outflows. We also look at the copper breakout and what that means in the big picture sense (see the copper chart below outlining the inverse head and shoulders patters). Click here to visit Craig’s website for more PM focused commentary. Download audio file (2017_08_17-Craig-Hemke.mp3) …read more Source:: The Korelin Economics Report The post Craig Hemke from TF Metals Report – Thu 17 Aug, 2017 appeared first on Junior Mining Analyst. … Continue reading

Rick Ackerman and Technicals – Thu 17 Aug, 2017

By Cory The road ahead for the US Markets and Gold Rick Ackerman is joining me today with comments on the US equity markets and gold. He provides some general comments on what could drive markets and why he thinks a correction (possibly collapse) is coming. As for gold we get specific higher and lower targets to watch for the next breakout. Click here to visit Rick’s website for more of his technical commentary. Download audio file (2017_08_17-Rick-Ackerman.mp3) …read more Source:: The Korelin Economics Report The post Rick Ackerman and Technicals – Thu 17 Aug, 2017 appeared first on Junior Mining Analyst. … Continue reading