Valuable Insights from Around the Web – Wed 31 May, 2017

By Cory Fiduciary Rule on Pace for June, but Changes May Be Close This is a good review of the Fiduciary Rule that has all but been forgotten in the media over the past couple months. No one knows what the updated rule will be but it seems like we will be finding out soon… This article courtesy of FactSet. Click here to visit the FactSet webiste for more great posts. … The Department of Labor’s (DOL) Fiduciary Rule is set for partial implementation on June 9. On March 1, the DOL proposed a 60-day delay to the Fiduciary Rule, seemingly setting the stage for its repeal or revision. The rule, which requires financial advisors and brokers to put their clients’ investment interests before their financial incentives, was set to start taking effect April 9. The Labor Department’s proposal to push that effective date back 60 days came after President … Continue reading

Chris Temple from The National Investor – Wed 31 May, 2017

By Cory Recapping the Month of May For Investors As we are in the final trading day for May Chris Temple and I recap the month. We look at US markets, currencies, treasuries, and the precious metals all with a look forward to what June and the rest of summer will bring. Click here to visit Chris’s website for more great posts and thoughts. Download audio file (2017_05_31-Chris-Temple.mp3) …read more Source:: The Korelin Economics Report The post Chris Temple from The National Investor – Wed 31 May, 2017 appeared first on Junior Mining Analyst. … Continue reading

Gemfields steps up fight against takeover by largest investor

By analyst By Cecilia Jamasmie Emeralds and rubies miner Gemfields (LON:GEM) said Wednesday a group of independent directors recommended shareholders to reject a takeover bid by largest investor Pallinghurst Resources Limited. The Johannesburg-listed private equity firm wants to buy all the shares it doesn’t already own in Gemfields, but an “independent committee” formed by the precious stones miner has determined the offer “significantly undervalues the company, its unique asset base and its leading position in the coloured gemstone sector.” Pallinghurst Resources wants to buy all the shares it doesn’t already own in Gemfields, but miner said offer is “derisory.” Shares in Gemfields fell on the news, closing 1.10% down in London to 33.75p. The group of advisers is made up of chairman Graham Mascall, chief executive Ian Harebottle, chief financial officer Janet Boyce and non-executive directors Clive Newall and Finn Behnken. Despite their close ties with Gemfields, the company said … Continue reading

China’s Next Step to Destroy the Dollar

By Byron King This post China’s Next Step to Destroy the Dollar appeared first on Daily Reckoning. China is currently modifying the terms of its oil trade with Saudi Arabia. Specifically, China is working on a deal to pay for Saudi oil using Chinese yuan. This effort poses a direct threat to the security of the dollar. If this China-Saudi deal happens — yuan for oil — it’s another step closer to the grave for the petrodollar, which has dominated global finance since 1974. You can revisit Jim Rickards article about the Assault on the Dollar, here. To recap, the petrodollar is weakening because the dollar is losing power as the world’s reserve currency. This is similar to the way pounds sterling gradually fell out of favor during the decline of the British Empire. The decline may take a long time, but what we’re seeing today is another step in … Continue reading

A $19 Investment in the Most Lucrative AI Stocks

By Matthew Carr Back in December, I wrote that one of the best sectors to invest in this year is artificial intelligence (AI). And that has proven to be the case so far. You don’t even have to look at the stock market to see the rising importance of this emerging technology. Every dinner party I go to… every barbecue I attend… every birthday party or chat over coffee, the subject ultimately turns to AI. We’re even inundated now with TV commercials about AI. You’ve probably seen an ad for IBM’s (NYSE: IBM) Watson or Intel’s (Nasdaq: INTC) “The Future of Artificial Intelligence” with The Big Bang Theory’s Jim Parsons. And there’s plenty of reason for the excitement… The enterprise AI systems market is expected to grow from $358 million in 2016 to more than $31 billion by 2025. So far this year, a lot of the big-name AI companies … Continue reading

Are You Wasting Your Time with This Weird Indicator?

By Greg Guenthner This post Are You Wasting Your Time with This Weird Indicator? appeared first on Daily Reckoning. Everyone went gaga over Dow 20,000. The financial media had a field day when the Dow crossed the magical 20,000 mark on a cold morning back in February. But the Dow teased investors countless times before finally making the leap. The financial press was already whipped into a frenzy by December, only to have to wait two agonizing months for the breakout. “Does that mean it’s time to bet against the market?” we asked back in December 2016. Just look at that bullish headline. Barron’s was bulled up on stocks again. The party hats were on order. If we were smart, we’d bet against the bulls, right? I don’t think so. Look, there are tons of dumb market sentiment indicators out there. But there’s one in particular that folks take way … Continue reading

Why Michael Kors Stock Is Rated a “Strong Buy” Today

By Rob Otman Michael Kors (Nasdaq: KORS) is a $6 billion company today. Investors that bought shares one year ago are sitting on a -13.21% total return. That’s below the S&P 500’s return of 17.39%. Michael Kors stock is underperforming the market. It’s beaten down, but it reports earnings tomorrow. So is it a good time to buy? To answer this question, we’ve turned to the Investment U Stock Grader. Our Research Team built this system to diagnose the financial health of a company. Our system looks at six key metrics… [iu-adbox] ✓ Earnings-per-Share (EPS) Growth: Michael Kors reported a recent EPS growth rate of 2.47%. That’s above the textiles, apparel and luxury goods industry average of -2.07%. That’s a great sign. Michael Kors’ earnings growth is outpacing that of its competitors. ✓ Price-to-Earnings (P/E): The average price-to-earnings ratio of the textiles, apparel and luxury goods industry is 86.41. And … Continue reading

Daily Market Wrap – Tue 30 May, 2017

By Cory Gold and the VIX to the next Fed meeting Another slow day in the markets so I take a look ahead to what will drive gold and the markets into the Fed meeting and beyond. With investors largely ignoring weak economic data and money continuing to flow out of the USD this summer could see a change of course. Download audio file (2017_05_30-Market-Wrap.mp3) …read more Source:: The Korelin Economics Report The post Daily Market Wrap – Tue 30 May, 2017 appeared first on Junior Mining Analyst. … Continue reading