Two Prominent Elites Telegraph Recession?

By Brian Maher This post Two Prominent Elites Telegraph Recession? appeared first on Daily Reckoning. Are elites telegraphing the next recession? Not one… but two card-carrying members of the monetary elite have recently raised the harrowing “r” word. Coincidence? Perhaps. Perhaps not. The odds of a U.S. recession over the next year is a mere 15%, according to a Bloomberg survey of 40 economists. But as former Treasury secretary and current Harvard grandee Larry Summers wrote in the Financial Times this week: Experience teaches that recessions are almost never forecast or even rapidly recognised by the Fed or the professional consensus forecast. “Recovery is now in its ninth year,” adds Mr. Summers with foreboding, “with relatively slow underlying growth.” A muted warning of recession? And how does the Fed respond to recession, Mr. Summers? Historically, the Fed has responded to recession by cutting rates substantially, with the benchmark funds rate … Continue reading

Exclusive KE Report Commentary – Wed 16 Aug, 2017

By Cory A New Guest Sid Norris of Elliot Wave Plus – Insights for US Markets and Gold I am happy to introduce a new guest to the show Sid Norris. Sid is the founder of ElliotWavePlus.com where he blends Elliot Wave technicals with Hurst Wave and some other factors. Today Sid shares his background of how he got into technical analysis as well as some comments on the US markets and gold. Pay close attention to his longer term calls for gold which he thinks could really get going to the upside next year. Please let me know what you think of Sid’s commentary and be sure to check out his website by clicking here. Download audio file (2017_08_16-Sid-Norris.mp3) …read more Source:: The Korelin Economics Report The post Exclusive KE Report Commentary – Wed 16 Aug, 2017 appeared first on Junior Mining Analyst. … Continue reading

The Secret Smartphone Blueprint

By Ray Blanco This post The Secret Smartphone Blueprint appeared first on Daily Reckoning. Apple’s original iPhone kicked off a revolution in personal electronic devices — raking in huge profits for its investors and forcing its competitors to innovate. Now history is poised to repeat itself on or around Sept. 8, 2017, when Apple is expected to introduce the iPhone 8. But this time, I don’t think Apple investors will be the biggest beneficiaries. The fact is while Apple is still great at changing the game, its days of exponential growth are behind it. The company is so large and established that the best it can hope for is incremental growth. That doesn’t mean you can’t still see big gains from the next iPhone release — far from it. To find them, though, you have to look below the surface. Some of the iPhone’s most critical components come from third … Continue reading

Copper price surges to 32-month high as hedge funds place $20 billion bet

By analyst By Frik Els Things are looking up Copper futures trading on the Comex market in New York raced ahead on Wednesday as global supply disruptions came back into view and large-scale speculators place huge bets on rising prices. In massive volumes of more than 3 billion pounds by lunchtime copper for delivery in September jumped to a high of 2.9795 a pound ($6,569 per tonne), up more than 3% from Tuesday’s close to the highest since end-November 2014. Copper’s 2017 year to date gains in percentage terms now top 18% and the red metal has recovered 54% in value after falling to six-year lows below $2.00 a pound in January last year. On Wednesday Freeport said flash floods at Grasberg destroyed roads, bridges and water lines and one worker remains unaccounted for On the copper derivatives market hedge funds built long positions – bets on higher prices in … Continue reading

Company Updates From Management – Wed 16 Aug, 2017

By Cory An exclusive look at the Prize Mining soil sample results Feisal Somji, President and CEO of Prize Mining joins me today to discuss the recent initial soil sample results from the Daylight Property. We discuss the process in which the Company will go about exploring the project and how these soil samples fit into the plan. I am a shareholder of the Company and will be watching closely what results the exploration program, which includes drilling starting next month, yield. If you have any questions for Feisal and his team please comment or email me directly – Fleck[at]kereport.com. Click here to visit the Prize Mining website and read the full news release. Download audio file (2017_08_16-Feisal-Somji-Prize-Mining.mp3) …read more Source:: The Korelin Economics Report The post Company Updates From Management – Wed 16 Aug, 2017 appeared first on Junior Mining Analyst. … Continue reading

Bitcoin Has No Yield, but Gold Does – Precious Metals Supply and Demand Report

By Keith Weiner Bitcoin and Credit Transactions Last week, we said: It is commonly accepted to say the dollar is “printed”, but we can see from this line of thinking it is really borrowed. There is a real borrower on the other side of the transaction, and that borrower has powerful motivations to keep paying to service the debt. Bitcoin has no backing. Bitcoin is created out of thin air, the way people say of the dollar. The quantity of bitcoins created may be strictly limited by Satoshi’s design. The mad-cap rally in bitcoin has continued – as we recently pointed out, the chart pattern is highly reminiscent of the pattern in gold in the 1970s. The current phase is mimicking the 1979 blow-off move. [PT] – click to enlarge. We referred to the dollar as being borrowed into existence, to make our point that the dollar’s value is pretty … Continue reading

5 Charts that Prove this Market Bubble is Not Slowing Down

By Craig Wilson This post 5 Charts that Prove this Market Bubble is Not Slowing Down appeared first on Daily Reckoning. The stock market continues to show volatile signs of a market bubble. Here’s five charts that show that a very real bubble is on the horizon. 1. Economic Bubbles and The Breadwinner Economy Former Congressman and Reagan’s budget director, David Stockman highlights that, “Another month has passed in which the number of Breadwinner jobs remain below where it was when Bill Clinton was in the White House. Since then two presidents have come and gone, and now possibly a third. Yet there are still 300,000 fewer jobs in the productive center of the U.S. economy than there were in early 2001.” Stockman levels, “This suggests something isn’t right, and that point is further driven home by the pancaking of the industrial economy over the last decade. Specifically, industrial production … Continue reading

Exclusive KE Report Commentary – Tue 15 Aug, 2017

By Cory An Introduction to Bonterra Resources I had the opportunity to sit down with the management of Bonterra Resources (TSX.V:BTR & US:BONXF) at the recent Sprott Conference. As many of you know I am very interested in the Windfall Lake district which Bonterra is well positioned. Todd Hanas, VP Investor Relations joins me to provide an overview of the Company focusing on the properties. A 60,000 meter drill program is underway which comprises mainly exploration drilling. The Company is cashed up with some strong shareholders. Please let me know what you think of Bonterra and if you have any follow up questions for Todd and his team. Feel free to email me at Fleck[at]kereport.com. Click here to visit the Bonterra website to learn more about the Company. Download audio file (2017_08_15-Todd-Hanas-Bonterra-Resources.mp3) …read more Source:: The Korelin Economics Report The post Exclusive KE Report Commentary – Tue 15 Aug, 2017 … Continue reading