Solar now employs more people in the US than coal and natural gas

By analyst

solar table1

By Andrew Topf

Solar power, once derided as an expensive and unreliable power source, has become a major generator of employment in the United States, according to new data supplied by The Solar Foundation.

In its most recent annual report, Solar Jobs Census 2016, the foundation found that one out of every 50 jobs in the U.S. last year, was created by the solar industry – or 2% of all new jobs. Solar jobs have increased at least 20% over the past four years and have nearly tripled since the first Solar Jobs Census was released in 2010.

In 2016, the five states with the most solar jobs were California, Massachusetts, Texas, Nevada, and Florida.

Of the 260,077 people employed in the solar industry in 2016, over half (52.7%) were involved in installation. Manufacturing represented 14.7% of solar employment, sales and distribution 12.4%, and project development 13.2% of the total. The most dramatic growth occurred in installation, which saw a 212% increase in the number of jobs between 2010 and 2016, according to the report. (see table and graph below)

Perhaps the most interesting finding, from a mining perspective, is how the number of solar jobs compares to other forms of electricity generation. Despite representing just 1.3% of US energy production, “Solar employs slightly more workers than natural gas, over twice as many as coal, over three times that of wind energy, and almost five times the number employed in nuclear energy. Only oil/petroleum has more employment (by 38%) than solar,” read an executive summary. (see table below)

Other key findings:

The U.S. solar industry expects total employment in the solar industry to increase by 26,258 workers to 286,335 total jobs, an annual growth rate of 10% by the end of 2017. This growth projection is almost 10 times faster than the projected U.S. employment growth rate over the next 12 months.
Development in 2017 is expected to throttle back from the 2016 record year. The Solar Energy Industries Association (SEIA) and GTM Research expect new installations to decline slightly from the 14.1 GW of 2016 to 13.5 GW in 2017. While most of the capacity growth will still be from utility-scale project development, such deployment will grow at a slower rate.
Growth in annual installed capacity continues to be primarily driven by the falling installed costs of solar energy, especially materials or hard costs.
The clear majority of U.S. solar jobs are focused on solar photovoltaic (PV) electric generation. About 93% of solar workers are focused on solar PV electric generation; about 5% support heating and cooling technologies, such as solar thermal, and another 2% work on projects related to concentrating solar power (CSP).
More women and minorities are working in solar. Women represent a greater proportion of the solar workforce than in previous years, having risen steadily from 18.7% in 2013 to the 28% reported in 2016.

The full report can be freely downloaded here

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Source:: Infomine

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The Most Important Variable in Any Financial Equation

By Andrew Snyder We hit on a controversial topic last week. Who knew the subject of time would get such attention?

It’s a funny thing to think about.

Time is something we all have. Some have a lot. Some have a little. And despite the idea that getting more time is at the root of everything we do, few folks ever bother to really think about it.

Most investors certainly don’t.

We argue it’s the most important variable in any financial equation.

Time is everything.

The idea takes us to a comment from Member Dan L. After reading our thoughts on time and investing last week, he wrote this:
Another of your articles with real-life ideas in the investment environment, Andrew. This is why I often am upset at articles that tout “make $10K per month” with this company or strategy, and they neglect to say that you need $200K to put into the position! However, at 70 years of age, I may have to look at how solid the “strategy” is, compared to leaving my capital in the Gone Fishin’ Portfolio. I would appreciate any further ideas you may have in the future concerning this matter.
Ah, the crux of the matter. Time versus risk.

If you’re unfamiliar with Alexander Green’s famed Gone Fishin’ Portfolio, you really need to work on changing that. It’s perhaps the simplest market-beating, diversified investment strategy on the planet.

It works. It’s no wonder Dan is questioning the ideas of other strategies.

If it were that simple, though, our job at The Oxford Club, well… we certainly wouldn’t need 85 employees. We’d publish Alex’s pivotal portfolio and call it a day.

But it’s not that simple… Again, there’s that pesky element of time.

Members of the Club know that the Gone Fishin’ Portfolio serves merely as the base of our strategy-allocated portfolio. As Dan hints at… it’s the solid rock we build upon.

Alex’s pivotal work will make you rich… no doubt. But only if you’ve got the time.

If not, you need something more – something faster. There’s no question. If we want to make more money in a shorter amount of time, we must invest in a faster-moving strategy.

It begs the question… which strategy?

I wish I knew.


Sure, I can tell you which strategy worked best last year… or the year before. But I’d be only guessing if I told you which strategy will win this year or next (my guess, by the way, is Alex’s strategy that tracks insider buying).

Nobody knows what tomorrow brings. That’s what’s so head-scratching about the subject of time. We know nothing about it, what it will bring, or even how much we have.

That’s why I helped to create the Club’s strategy diversification model – an amazingly simple way to diversify your trading strategies that maximizes returns and lowers risk.

It’s virtually the same concept used to diversify a typical portfolio. But instead of focusing on spreading risk across different asset types, it takes advantage of the idea of strategy diversification.

That way, as one strategy outperforms the others, it lifts the entire portfolio. Better, …read more

Source:: Investment You

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TheDailyGold Premium Update #511

By Jordan Roy-Byrne CMT, MFTA

TheDailyGold Premium #511 was a 35-page update sent to subscribers late Saturday evening.

In this update we covered the outlook for Q2 and among other things, refined our list of buy targets and buy prices for those targets.

This update included a report on one of those buy targets, our most recent buy. This company is currently stupidly cheap (with respect to its medium term and long-term potential) and that is why we bought it despite our cautious outlook for the sector. This company is one that “ticks all the boxes.” We think it has 10-bagger potential over the next 2-3 years.

Click Here to Learn More About & Subscribe to Our Premium Service

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Source:: The Daily Gold

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David Morgan Shares His Current Outlook for Gold & Silver


By Jordan Roy-Byrne CMT, MFTA

A precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

David considers himself a big-picture macroeconomist whose main job is education—educating people about honest money and the benefits of a sound financial system.

A dynamic, much-in-demand speaker all over the globe, David and his team are currently writing another book about silver and the current economy.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications.

Additionally, he provides the public a tremendous amount of information by radio and at times writes in the public domain. You are encouraged to sign up for his free publication which starts you off with the Ten Rules of Silver Investing where he was published almost a decade ago after being recognized as one of the top authorities in the arena of Silver Investing.

David’s Website, Subscription Information & Content Links

The Morgan Report

Subscription Information

David’s Free Newsletter

David’s Twitter

David’s YouTube Channel

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Source:: The Daily Gold

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The Revolution That Was

By Brian Maher

This post The Revolution That Was appeared first on Daily Reckoning.

“The American system of government is in jeopardy if we don’t do something about it.”

We hear it all the time — from the right… from the left — and all shades of the spectrum.

But maybe they’re mistaken. Maybe it’s already too late…

Old-time journalist Garet Garrett (1878–1954) penned a little-known gem, “The Revolution Was,” in 1938 — well into the New Deal.

Many at the time wailed the same lament we hear today:

“The American system of government is in jeopardy if we don’t do something about it.”

But it had already changed. Only they didn’t see it.


There are those who still think they are holding the pass against a revolution that may be coming up the road. But they are gazing in the wrong direction. The revolution is behind them. It went by in the Night of Depression, singing songs to freedom.

The revolution was fascism.

Not the genocidal fascism of Adolf Hitler most people associate with the term… but the “trains running on time” economic fascism of Italy’s Benito Mussolini.

That fascism slipped into American waters under cover of night.

Once ashore it was bottled, stamped with the smiling face of Uncle Sam and wholesaled nationwide to the tune of “Yankee Doodle Dandy.”

Yet fascism it was, despite its warmth.

Former Army Brig. Gen. Hugh “Iron Pants” Johnson — head of the National Recovery Administration (NRA) — even hung a picture of Il Duce on his wall.

The American people embraced fascism with both hands… and didn’t even realize it.

They were “singing songs to freedom.”

If they had called it fascism, swords would have leapt from their scabbards… the peasants would have grabbed the pitchforks.

But repackage it as freedom itself, tart it up in red, white and blue… and you’ve won yourself a crowd.

The outward form of American life remained… but the substance within was changed.

The most successful revolutions leave the buildings standing as someone once said.

It’s now 2017 of course. Times are different.

But the administrative state christened in the New Deal has grown into a morbidly obese old geezer.

And the nation is now some $20 trillion in hock and still writing checks it promised decades ago.

Meanwhile, the surveillance state has been riveted atop the administrative state.

Not a sparrow falls in these United States — as it was once known — that escapes the watchful eye of Uncle Sam.

(Heard about the NSA lately?)

Yet just as they moaned during the New Deal, we still howl, “The American system of government is in jeopardy if we don’t do something about it.”

And something tells us they’ll be saying the same exact thing 50 years hence…


Brian Maher
Managing editor, The Daily Reckoning

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Source:: Daily Reckoning feed

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Our Hopelessly Dysfunctional Democracy

By Charles Hugh Smith

This post Our Hopelessly Dysfunctional Democracy appeared first on Daily Reckoning.

The country faces profound political disunity, a concept I learned from historian Michael Grant, whose slim but insightful volume The Fall of the Roman Empire I have been recommending since 2009.

As I noted in my 2009 book Survival+, this was a key feature of the Roman Empire in its final slide to collapse.

The shared values and consensus which had held the Empire’s core together dissolved, leaving petty fiefdoms to war among themselves for what power and swag remained.

A funny thing happens when a nation allows itself to be ruled by Imperial kleptocrats: such rule is intrinsically destabilizing, as there is no longer any moral or political center to bind the nation together.

The public sees the value system at the top is maximize my personal profit by whatever means are available, i.e. complicity, corruption, monopoly and rentier rackets, and they follow suit by pursuing whatever petty frauds and rackets are within reach: tax avoidance, cheating on entrance exams, gaming the disability system, lying on mortgage and job applications, and so on.

But the scope of the rentier rackets is so large, the bottom 95% cannot possibly keep up with the expanding wealth and income of the top .1% and their army of technocrats and enablers, so a rising sense of injustice widens the already yawning fissures in the body politic.

Meanwhile, diverting the national income into a few power centers is also destabilizing, as Central Planning and Market Manipulation (a.k.a. the Federal Reserve) are intrinsically unstable as price can no longer be discovered by unfettered markets.

As a result, imbalances grow until some seemingly tiny incident or disruption triggers a cascading collapse, a.k.a. a phase shift or system re-set.

As the Power Elites squabble over the dwindling crumbs left by the various rentier rackets, there’s no one left to fight for the national interest because the entire Status Quo of self-interested fiefdoms and cartels has been co-opted and is now wedded to the Imperial Oligarchy as their guarantor of financial security.

When the system is rigged, “democracy” is just another public-relations screen to mask the unsavory reality of Oligarchy.

Democracy in America has become a hollow shell.

The conventional markers of democracy — elections and elected representatives — exist, but they are mere facades; the mechanisms of setting the course of the nation are corrupt, and the power lies outside the public’s reach.

History has shown that democratic elections don’t guarantee an uncorrupt, functional government. Rather, democracy has become the public-relations stamp of approval for corrupt governance that runs roughshod over individual liberty while centralizing the power to enforce consent, silence critics and maintain the status quo.

If the citizenry cannot replace a dysfunctional government and/or limit the power of the financial Aristocracy at the ballot box, the nation is a democracy in name only.

In other words, if the citizenry changes the elected representation but the financial Aristocracy and the Deep State remain in charge, then the democracy is nothing but a PR facade for an …read more

Source:: Daily Reckoning feed

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Why Insiders Are Flooding Into These Sectors


By Rachel Gearhart

Editor’s Note: This week’s chart and article come to us from Managing Editor Rachel Gearhart and originally ran in The Oxford Insight, a newsletter exclusively for Oxford Club Members. Rachel’s research ties into an exciting new project that our analysts and editors are developing. So we’ve decided to share it with you. Keep an eye out for more details.

This may be the most eye-opening and useful chart you see all year. Insider buying is one of the top indicators of future outperformance, according to Alexander Green. And the average investor is oblivious to its effect on their portfolio.

In a recent conversation with Alex, he said, “insiders have an unfair advantage when they go into the market to trade.

“They have all kinds of material, nonpublic information at their disposal that the average investor doesn’t have. That’s why the government requires them to file a Form 4 with the SEC when they buy shares of their own company.”

So earlier this week, we asked our Research Team to do some digging into those Form 4 filings. The chart above is what they discovered.

Over the past year, insiders have been making big moves. Insider buying has increased 17.41% in energy and 14.89% in materials.

And that makes sense…
Insider Foresight
From December 2015 to December 2016, the price of WTI crude jumped around 55%.

The S&P Materials Index was up 14.08%, and the S&P Energy Index was up 23.65%.

According to Alex, “energy and material prices have taken a big jump. Profits will most certainly more than double in the months ahead, and the insiders recognize that. That’s why they’re buying shares of those companies.”

On the other end of the spectrum is healthcare and real estate.

Insider buying in real estate dropped 9.26%, likely due to interest rates. And buying in healthcare decreased 17.17% due to the hiccups with Trump’s proposed Obamacare repeal.

Alex argues that the insiders saw the writing on the wall… “Healthcare is such a mess right now. It’s almost as if the insiders foresaw that there would be complications with the Obamacare repeal and replace.”

It’s no wonder the sectors performed poorly from December 2015 to December 2016. The S&P Real Estate Index was up a measly 0.01%, and the S&P Health Care Index was down 4.36%.

Undervalued Companies
But that doesn’t mean there aren’t opportunities in these sectors. In fact, subscribers to Alex’s Insider Alert are sitting on 16.1% and 46.5% gains on biotech companies.

“Insider buying is at a three-decade low,” he wrote in a recent issue. “Most people think this is a negative thing, but it isn’t. Tracking insider buying isn’t a market-timing device.
“Aggregate buying and selling by insiders tell us nothing about the outlook for the economy or the market. But individual trades provide valuable insights into the companies where they work.

“So insider buying is a device for identifying undervalued companies. The key isn’t how much insider buying is happening. The key is which companies are seeing the most insider buying. That’s where you need to focus.”

In sum, insider buying may be down, but it’s still happening. …read more

Source:: Investment You

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KER Politics – Sat 1 Apr, 2017

By Cory Will Trump and the press ever see eye to eye?

Download audio file (0401-KER-Politics-Full-Hour.mp3)

Politics Segment 1: Marvin & Jamie McIntyre discuss their new book The Outsider, an uncanny prediction of the Trump win.
Politics Segment 2: Marvin and Jamie McIntyre discuss the split in American caused by the Trump win.
Politics Segment 3: Big Al and Glen Downs opine on the question why isn’t the press joining the movement of all Americans working together.
Politics Segment 4: Big Al and Glen provide their answer to the question of the motive of the deep state.

Download audio file (0401-Politics-segment-1.mp3)

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Source:: The Korelin Economics Report

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Weekend Show – Sat 1 Apr, 2017

By Cory Opportunities in the resource space and turnaround sectors

Download audio file (0401-KE-Report-Full-Show.mp3)

March is now behind us without any major fireworks. There was some big news out of the mining sector with Goldcorp and Barrick teaming up in Chile to build a couple mines as well as the take over of Exeter Resource Corp. We cover this in segment 6 but also had Byron King on the show to provide his thoughts (click here to listen to Byron’s interview). We also look at a couple sectors that are turning around with Dan Lyons and John Kaiser shares his insights on where the money is flowing with regards to resource stocks.

We hope you all enjoy this week’s show. Please check out the companies we feature on the website. I have worked hard to find stories that I think have some legs and management teams who know what they are doing.

I always love to hear from all of you. Email me with ideas on companies and future topics for the KE Report at Fleck[at]

Segment 1 & 2: The first two segments I am joined by John Kaiser, founder of Kaiser Research. We discuss the changes in investors’ sentiment towards exploration companies and certain districts that have been re-thought.
Segment 3: Fund manager Dana Lyons shares his thoughts on the sectors that have been beat up and are showing signs of turning.
Segment 4: President of the Mises Institute Jeff Deist looks at the slow global economy and how central bankers lead us here.
Segment 5: Starting out our section of Company updates I introduce Eastmain Resources. I spent some quality time with the President and CEO Claude Lemasson at PDAC and the Company is now on my radar.

Click here to visit the Eastmain website.

Segment 6: Exeter Resource was bought by Goldcorp this week. President and CEO Wendell Zerb explains the details of the deal.

Click here to read the full Exeter news release.

Segment 7: Falco Resources expanded its Board and Executive team earlier this week. CFO Vincent Metcalfe explains how the appointments further move the Horne 5 deposit towards production.

Click here to visit the Falco website.

Segment 8: Axel Merk wraps up our show with comments on the news stories that have been moving the markets and what he sees on tap.

Download audio file (0401-1-1.mp3)

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Source:: The Korelin Economics Report

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Europe’s last tin mine big step closer to restart

By analyst

Historic Cornwall tin mine could re-open in 2018

By Frik Els

Canadian junior Strongbow Exploration Inc (CVE:SBW) announced Friday it has successfully completed water treatment trials at the South Crofty tin mine in Cornwall and is now working on an application to the UK Environment Agency for a mine waste permit.

Strongbow says the application was expected to be filed within one month and permits could be issued before the end of the summer. The Vancouver-based company in a statement said once it receives a mine waste permit with water discharge consent, South Crofty will be fully permitted.

South Crofty, approximately 390km drive west of London on the Celtic Sea Coast, was the last tin mine in Europe when it closed in 1998. Several companies attempted to revive the flooded mines between 2001 and 2013 but due to poor market conditions the assets were put into administration in 2013.

Strongbow paid in the order of US$2m for 100% of the mining permission area which includes 26 former producing mines. Strongbow filed a National Instrument 43-101 technical report in June last year detailing indicated mineral resources of 1.9 million tonnes grading 1.7% Sn equivalent and 1.2 million tonnes inferred grading at 1.52%.

Existing mine infrastructure that is potentially useable includes 4 vertical shafts with a combined depth of 2,940m. According to Strongbow capital expenditure to restart mining would be minimum US$100 million. Near surface copper mineralization exists at the site, but Strongbow is focusing on tin-only mineralization that occurs from a depth of 400 meters.

Strongbow also owns tin properties in Alaska and base and precious metal projects in Canada. The little traded company is worth $8.4 million on the TSX Venture Exchange after surging 11% on Friday.

The tin price has rallied to above $20,000 a tonne currently from multi-year lows of $13,200 a tonne hit mid-January last year. The metal reached a record high of $33,600 at the height of the mining boom in 2011.

Nearly 10 million tonnes at an average grade of 1.00% tin were mined at South Crofty between 1906 and 1998. Mining in the area dates back to the Bronze age, flourished during Roman times and reached a peak in the latter half of the 1800s when Cornwall accounted for nearly half the global trade in tin.

Robinson’s Shaft, South Crofty Mine. Image: Chris Allen CC

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Source:: Infomine

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