Daily Market Wrap – Tue 25 Apr, 2017

By Cory Are these moves to start the week going to slowdown? To answer the title’s question – yes. Listen in to hear why I think these moves we have seen in the first two trading days this week will slow. There is no denying these moves have changed the short term direction of the US markets but I am still not buying it. Download audio file (2017_04_25-Market-Wrap.mp3) …read more Source:: The Korelin Economics Report The post Daily Market Wrap – Tue 25 Apr, 2017 appeared first on Junior Mining Analyst. … Continue reading

Valuable Insights from Around the Web – Tue 25 Apr, 2017

By Cory How The Passive Investing Mania Undermined Its Most Basic Assumption A bit of a slow day for recordings at the KE Report as we are working on some things behind the scenes with new guests but here is a great post by our friend Jesse Felder dealing with the passive investing trend. We have discussed the popularity growth of passive investing a number of times but Jesse points out that the whole theory behind passive investing might be very flawed. It is worth your read. Enjoy and be sure to check out Jesse’s site by clicking here. Also consider following Jesse on Twitter. I do and he posts very interesting data throughout the week. I have argued that “passive investing” is an oxymoron because it denies precisely that which defines an investment: active analysis. Proponents of the strategy don’t seem worried about this inconsistency, though. This is likely … Continue reading

Richard Postma – The Doctor Is In – Tue 25 Apr, 2017

By Cory A follow through in US markets, Gold, Gold stocks, and the VIX We are seeing gains for US markets build, and the VIX continue to plunge. This is further hurting gold and gold stocks and the inverse trade continues. With the VIX at levels not seen in almost 10 years Doc and I feel that the moves which started yesterday will not last. Download audio file (2017_04_25-Doc.mp3) …read more Source:: The Korelin Economics Report The post Richard Postma – The Doctor Is In – Tue 25 Apr, 2017 appeared first on Junior Mining Analyst. … Continue reading

Why Everyone Needs Private Investments Today

By Adam Sharp When Amazon went public in 1997, the company was just two years old. At that time, e-commerce was only getting started, and Amazon had done just $16 million in sales the quarter before its IPO. But some investors had already seen the light. By the time trading closed, shares had risen from $18 to $23.50. Amazon ended that first day of trading valued at $560 million. In the 20 years since, those Amazon shares have increased in value by more than a whopping 50,000%. It’s one of the great stock stories of all time. And there’s almost no chance of similar returns happening in today’s stock market. Allow me to explain… Contrast With Today Amazon was one of the last “hypergrowth” companies to go public early. It just doesn’t happen these days. It’s been this way since the tech bubble burst and Sarbanes-Oxley was put in place … Continue reading

The New Trump Trade: Squeeze ‘em for Every Penny

By Greg Guenthner This post The New Trump Trade: Squeeze ‘em for Every Penny appeared first on Daily Reckoning. They told us the Trump trade was dead money walking. Just a few weeks ago, the media insisted the Trump rally was crumbling. The major averages were rolling over, led by the stocks that had benefited most from the post-election rally. Every talking head on TV used the pullback as an excuse to slam the administration—along with anyone who bought into the market’s strongest comeback stocks. Those irrational bulls who fueled the markets higher in November were finally cooked! Cooler heads prevailed and the market was unwinding. The “told you so” crowd took a victory lap. The bears were looking forward to the market lurching lower once again this week. Too many landmines littered the markets, they argued, from Trump’s tax plan to a border wall debate and possible government shutdown. … Continue reading

To Frexit or Not to Frexit – Precious Metals Supply and Demand

By Keith Weiner The Mathematics of Frexitology This was also a holiday-shorted week. As we write this, the big news comes from the election in France. The leading candidate is a banker named Emmanuel Macron, with about 24% of the vote in a 4-candidate race. The anti-euro Marine Le Pen came in second with just over 21%. From the sharp rally in the euro, which was up about 2% at one point, we assume that observers believe the odds of France leaving the euro have just gone down. The political program of Emmanuel Macron: ”Hamon is lost – Fillon is burned – It’s either me, or the blonde of the FN” – “Obviously, if you look at it like that…” A concise summary of how one becomes president in France these days – provided the polls are not in error. It wouldn’t be the first time – don’t forget the … Continue reading

Government Shutdown, on Trump’s 100th Day

By Zach Scheidt This post Government Shutdown, on Trump’s 100th Day appeared first on Daily Reckoning. The final nail in the Trump rally coffin could come on Friday, April 28th. And once again, our fate is in the hands of the Federal Government. It’s an unfortunate situation for America. But as an informed investor, I want to give you the tools to thrive, no matter what happens in Washington… It’s that time of year again, when Congress waits until the last possible minute to pass a spending bill to fund the Federal government. And April 28th marks the final day for Congress to get this done. If no agreement is made, April 29th would be more notable for the first day of a government shutdown, than a strong bookend to Trump’s first 100 days in office. On the surface, a government shutdown means a few things: millions of government workers … Continue reading

Caterpillar soars as first quarter sales jump for first time in over two years

By analyst By Cecilia Jamasmie Shares in world’s largest heavy machinery maker Caterpillar (NYSE:CAT) jumped Tuesday as it reported a first quarter profit that far exceeded estimates thanks to a long-awaited pick up in sales and improved demand. For the first time in more than two years, the Peoria, Illinois-based company registered an increase in sales in several of the industries it serves, which boosted its revenue and profit forecasts for the year. Despite the improved sales and revenue outlook for 2017, Caterpillar continues to see uncertainty across the globe, potential for volatility in commodity prices and weakness in key markets. The news sent CAT’s stock up more than 6% to $102.78 in premarket trading in New York. If such gain holds during the day, the equipment maker alone will add 40 points to the Dow Jones industrial index for today. “Our team delivered outstanding operational performance and, for the … Continue reading

Barrick shares hammered after slashing production guidance

By analyst By Frik Els Shares in Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) were marked down in after hours trade on Monday after the company reported first quarter results that came in below expectations and slashed its outlook for the year. In late dealings Barrick fell 3.6% after reporting earnings per share of $0.14 and revenues of $1.99 billion, both measures missing analysts forecasts. The Toronto-based company is now worth $22.2 billion in New York. Barricks’ full-year gold production is now expected to be 5.3–5.6 million ounces Barrick produced 1.31 million ounces of gold in the first quarter at a cost of sales of $833 per ounce, up from 1.28 million ounces at a cost of sales of $810 per ounce in the prior-year period. All in costs rose nearly 10% to $772 from the same period last year. Barrick, the world’s largest gold miner in terms of output, slashed its guidance … Continue reading