Global Tensions Dangerously Increasing

By Kevin Massengill This post Global Tensions Dangerously Increasing appeared first on Daily Reckoning. Even as President Trump hosted Chinese President Xi Jinping in Florida this week, the U.S. launched over 50 U.S. cruise missiles against the Syrian Shayrat air base. It is the same air base suspected of being the launch site of a chemical attack at Khan Shaykhun. Graphic by NightWatch, April 6, 2017 While this will not end the Syrian civil war, there will be myriad ramifications beyond the usual U.S. political finger-pointing. We should expect retaliation by Syrian President Assad. He could fire air defense missiles, launch an attack on U.S. personnel at Tabqa or other northern Syrian air bases or instigate an incident against the Israeli Golan Heights. Another factor is the embarrassment of the Russian president. The U.S. attack demonstrates the limits of Russian power in Syria against a genuine great power. The Russians … Continue reading

KER Politics – Sat 8 Apr, 2017

By Cory The missiles into Syria and US Education Download audio file (0408-KER-Politics-Full.mp3) Politics Segment 1: We discuss regulations freedom and responsibility with Morris Pearl Chairman of Patriotic Millionaires. Politics Segment 2: Frank Holmes discusses the Trump BOT and the role of the internet in buying stocks. Politics Segment 3: Connor Boyack discusses how he is educating kids with the help of Dr Ron Paul. Politics Segment 4: Lt. Col. Retired James McKinney opines on the rationale of the President’s action of sending the missiles into Syria. Download audio file (0408-Politics-1.mp3) Download audio file (0408-Politics-2.mp3) Download audio file (0408-Politics-3.mp3) Download audio file (0408-Politics-4.mp3) …read more Source:: The Korelin Economics Report The post KER Politics – Sat 8 Apr, 2017 appeared first on Junior Mining Analyst. … Continue reading

Weekend Show – Sat 8 Apr, 2017

By Cory The US Economy and Gold Market Coverage Download audio file (0408-KE-Report-Weekend-Show-Full.mp3) This week we had the Fed minutes, job numbers, and a geopolitical event all of which had minimal impact on the markets. The Fed minutes were the most significant for future market and economic moves. We got a little more info on a potential unwinding of the Fed’s balance sheet and the statement from Fed Presidents that stocks are over valued. We continue to see slow and boring markets with the precious metals remaining range bound. All of these topics are discussed in this weekend’s show. The first hour is dedicated to economic data and the broad averages. The second hour we focus on the gold market and get a couple company updates. We hope you all have a great weekend and for all the golf fans enjoy the Masters! Segment 1 & 2: Jesse Felder kicks … Continue reading

Top 10 copper mining companies in 2016

By analyst By Vladimir Basov // Preliminary production by the top 10 copper mining companies compiled by IntelligenceMine totalled 9,448 kilotonnes of copper in 2016. That represents a 4% increase compared to 2015 and makes up ~49% of global copper production that reached 19,400 kt last year. Six out of 10 companies increased their copper output while four of them declined. All companies in the Top 10 that disclose production costs reported significant reduction in copper unit costs. 1. Codelco Trucks. Chuquicamata mine, Chile. Image: Codelco Chilean state-owned miner Codelco holds first place worldwide in terms of attributable copper mine output with preliminary estimates of 1,827 kt of copper produced in 2016, including Codelco’s stake in Minera el Abra and Anglo American Sur S.A, – an approximate 3% decline on 2015 (1,891 kt).This drop was mainly due to lower production coming from El Abra, Anglo American Sur and Andina division, … Continue reading

Bearish Reversal in Gold and Silver

By Jordan Roy-Byrne CMT, MFTA Precious metals ended a quiet week with quite a reversal. Gold surged above its 200-day moving average for the first time since November, only to lose the gains and then close below the 200-day moving average. Silver was already trading above its 200-day moving average before it moved higher but it then reversed strongly and even below its 200-day moving average. The miners, which have been much weaker than the metals were mostly unchanged but after opening higher. Today’s bearish reversal could signal an imminent decline in the entire complex or just signal that more time is needed before the next attempt at a breakout. As you can see below, the metals reversed course as the 10-year Treasury yield formed a very bullish reversal around key 2.30% support. Precious metals have been tightly correlated to falling bond yields and today provided more evidence of that. … Continue reading

Gold price touches post-Trump high, then rally fizzles

By analyst By Frik Els Gold bulls and safe haven buyers made the most of a disappointing jobs number in the US, worries about the fallout from US bombing in Syria and the latest terrorist attack in Europe to push gold 1.6% higher early on Friday. Gold for delivery in June, the most active contract on the Comex market in New York with more than 36m ounces traded (a third higher than the usual daily average volumes) touched $1,273 an ounce, the highest since November 11 last year, shortly after the open. But by the end of regular dealings had given up almost all of its gains to trade at $1,256.10 bringing its year-to-date gains to 9.1%. Gold remains under-owned and macro conditions should continue to encourage broader participation In a research note quoted in MarketWatch UBS strategists Joni Teves and Roque Montero cut their forecasts for the average gold … Continue reading

Daily Market Wrap – Fri 7 Apr, 2017

By Cory Wrapping up the markets for the week Well that geopolitcal news didn’t last long for the markets. Gold could not hold above the $1260-$1265 level and the S&P did not break below 2350. On a day when fear could have entered the markets it only lasted a couple hours. Doc and I discuss what we are watching closely to tell us about future market moves. As a side note – Apparently I have a lot of trouble saying “shallower” (at 5:54) Everyone have a great weekend. Download audio file (07_Apr_2017-Market-Wrap.mp3) …read more Source:: The Korelin Economics Report The post Daily Market Wrap – Fri 7 Apr, 2017 appeared first on Junior Mining Analyst. … Continue reading

How Student Debt Becomes an Asset-Backed Security

By Samuel Taube Ben Franklin once famously said, “An investment in knowledge pays the best interest.” And if you’ve ever grappled with student debt, you know that the quote is true both literally and figuratively. Of course, Franklin was talking about the life-changing potential of education, and we don’t mean to discount that. But Franklin may have been more cynical about “investments in knowledge” if he was around to see the rise of student loan asset-backed securities (SLABS). Student debt has been on the rise for decades now. Total debt and debt-per-borrower are both climbing at accelerating rates. That’s really bad news for students, but pretty great news for lenders and investors. “The best interest” indeed. The total student debt balance in the U.S. currently stands at $1.26 trillion. It’s given rise to a $200 billion asset-backed securities market. SLABS are generally regarded as very safe investments with decent interest … Continue reading

The Smartest Insiders on Wall Street… With Unbeatable Track Records

By Alexander Green Over the last few columns, I’ve written about insider buying and its exceptional value as an indicator of future stock prices. It’s not a difficult concept to understand. Insiders – corporate board members, CEOs, presidents and other officers – have access to all sorts of material, nonpublic information. (Material in that it is relevant to the near-term prospects for the business – and nonpublic in that it is unavailable to anyone outside the company.) When these insiders pile into their own companies’ stocks with their own money at current market prices, it’s a telltale signal. Academic research, institutional research and my own three decades of research all show that stocks under accumulation by insiders outperform the market by a wide margin in the weeks that follow. Last year, for instance, I wrote about how the CEO of JPMorgan Chase (NYSE: JPM), Jamie Dimon, was backing up the … Continue reading