The Logic of War

By James Rickards This post The Logic of War appeared first on Daily Reckoning. This was the week that the logic of war collided with the illogic of bubbles. So far, the bubble is winning, but that’s about to change. The “logic of war” is an English translation of a French phrase, la logique de la guerre, which refers to the dynamic of how wars begin despite the fact that the war itself will be horrendous, counterproductive, and possibly end in complete defeat. As applied to North Korea, the U.S. has made it clear that if it is forced into a preemptive attack to destroy North Korea’s nuclear weapons and missile programs, it will not stop there. The U.S. will aim to decapitate the regime and replace it with something more reasonable. This could be the start of a gradual reunification of the Korean peninsula on terms favorable to the … Continue reading

Rickards: “War Is Almost Inevitable”

By James Rickards This post Rickards: “War Is Almost Inevitable” appeared first on Daily Reckoning. All three major stock indexes were deep in the red yesterday, and volatility spiked for the first time in months as the war clouds gather over the Korean Peninsula. Here’s the latest tweet from President Trump: Here’s another from two days ago, equally as subtle: Stocks bounced back this morning after yesterday’s swoon, but that’s what we’ve all come to expect at this point. “Buying the dip” has been a successful strategy — until it isn’t. Markets still have not come to terms with the very real potential of a shooting war with North Korea over its nuclear program. President Trump, Secretary of State Tillerson and Defense Secretary Mattis have all made it clear that a nuclear-armed North Korea with ICBMs that can hit the United States will not be allowed. If North Korea persists, … Continue reading

Why NetApp Stock Is Rated a “Strong Buy” Before Earnings

By Rob Otman NetApp (Nasdaq: NTAP) is a $12 billion company today. Investors that bought shares one year ago are sitting on a 50.65% total return. That’s above the S&P 500’s return of 14.02%. NetApp stock is beating the market, and it reports earnings next week. But does that make it a good buy today? 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: NetApp reported a recent EPS growth rate of 133.86%. That’s above the technology hardware industry average of 74.85%. That’s a great sign. NetApp’s earnings growth is outpacing that of its competitors. ✓ Price-to-Earnings (P/E): The average price-to-earnings ratio of the technology hardware industry is 34.57. And NetApp’s ratio comes in at 21.43. It’s trading at a better … Continue reading

Precious Metals Nearing Breakout

By Jordan Roy-Byrne CMT, MFTA The outlook for precious metals has changed quite a bit over the last month. In early July, Gold and gold stocks were weak and threatening severe breakdowns below key levels such as $1200 Gold and $21 GDX. Those moves reversed course and now Gold and gold stocks are threatening resistance. The prognosis has turned bullish and with the help of a correcting stock market precious metals could build on their recent rebound. Below we plot the weekly bar chart of Gold which is testing critical resistance in the $1290-$1300 area. Gold could close the week at its highest weekly close in 2017, just weeks after breaking its 2017 uptrend. That early July breakdown proved to be a false break as Gold has been able to rally back up to resistance. Gold has broken the downtrend line since 2011 but the most important resistance is $1300. … Continue reading

Nevsun reports Q2/2017 loss, writes-down Bisha, delays Timok study

By analyst On Wednesday, Aug. 8, Nevsun Resources Ltd. (T:NSU) reported a loss of $0.15 earnings per share (EPS) for the second quarter of 2017 (all amounts are in U.S. dollars). Revenues were down quarter on quarter (8%) on a decline… …read more Source:: PRNewswire-Mining and Metals The post Nevsun reports Q2/2017 loss, writes-down Bisha, delays Timok study appeared first on Junior Mining Analyst. … Continue reading

From the Ashes of Failure: A Biotech Phoenix Rises

By Ray Blanco This post From the Ashes of Failure: A Biotech Phoenix Rises appeared first on Daily Reckoning. Thanks to a dogged immune-centered biotech, it looks like we are well on our way toward a better hepatitis B vaccine. We really need one. This viral infection attacks the liver and can cause both acute and chronic disease. Worldwide, hundreds of millions of people have it, and hundreds of thousands die from complications brought on by the infection every year. We’ve had vaccines available in recent years… but they are far from perfect. They require multiple shots over a period of several months. This means that the protective effects of the vaccine take time to take hold… and you can become infected over the interim. Furthermore, the vaccine schedule is hard to comply with, meaning many people who start never finish — and therefore never receive the benefits. Thankfully, one … Continue reading

Is the Yellen Fed Planning to Sabotage Trump’s Presidency?

By GoldSilverWorlds The Federal Reserve can make or break a president. Monetary policy influences all financial markets as well as the cycles in the economy. No president wants to have to run for re-election when the stock market and economy are turning down. Recall that President George H.W. Bush was sitting on sky-high job approval numbers in 1991 and was expected to coast to victory in his 1992 re-election bid. But then the economy swooned toward recession, giving Bill Clinton the opening he needed. After bashing Yellen in 2016, Trump now hopes she doesn’t tank the stock market. Bush later blamed Federal Reserve chairman Alan Greenspan for his defeat. Greenspan had held interest rates too high for too long, Bush complained. On the campaign trail in 2016, Donald Trump complained that Fed chair Janet Yellen was trying to help Hillary Clinton by keeping rates near zero and pumping up the … Continue reading

Zinc project in Greenland receives Chinese backing

By analyst By Michael Allan McCrae Ironbark’s Citronen base metal project in Greenland has the support of China Nonferous Metal Industry which signed a memorandum of understanding with the junior for potential funding of the zinc property. Ironbark (ASX:IBG) says Citronen is one of the largest zinc resources in the world. The company also touts the mining-friendly environment in Greenland. China Nonferrous Metal Mining Group is a state-owned Chinese corporation with mines in Zambia, Mongolia and Thailand. A delegation of government officials from Greenland toured the project with the Vice President of China Nonferrous Metal Industry’s Foreign Engineering and Construction, Mr. Qin Junman. Ironbark is working towards a project study report in compliance with financing requirement of China’s bank. It will also incorporate Chinese equipment and construction costs into its feasibility study. Written with material from Ironbark’s news release. Creative Commons image of Nuuk, capital of Greenland. The post Zinc … Continue reading

Company News – Fri 11 Aug, 2017

By Cory NOVO ACQUIRES FURTHER INTERESTS IN KARRATHA REGION, WESTERN AUSTRALIA Recently it seems that no matter what Novo does in the Karratha region it is viewed as very positive by the markets. Today is another example with the news below. The Company has acquired another project called the Pipeline Project. There are little details regarding the project but I will find out more from Quinton and his team in the coming weeks. Please feel free to email me with any questions or points you would like Quinton to discuss – Fleck[at] Click here to visit my last interview with John Kaiser were we discuss the recent Novo bulk sample. Here’s the news…. VANCOUVER, BC, August 11, 2017 – Novo Resources Corp. (TSX-V: NVO; OTCQX: NSRPF) (“Novo” or the “Company”) is pleased to announce that Novo and one of its Australian subsidiaries have entered into an option agreement (the “Agreement”) … Continue reading

Chris Temple from The National Investor – Fri 11 Aug, 2017

By Cory Mixed inflation data and precious metal stock moves Earlier this morning we saw updated consumer prices that pointed to low/negative inflation data for goods and higher inflation for services. Chris Temple and I discuss what this means for the overall Fed narrative in terms of rate hikes at the end of the year. We also look at the constrained moves in precious metal stocks considering gold is threatening to breakout. Click here to visit Chris’s website. Download audio file (2017_08_11-Chris-Temple.mp3) …read more Source:: The Korelin Economics Report The post Chris Temple from The National Investor – Fri 11 Aug, 2017 appeared first on Junior Mining Analyst. … Continue reading