The Perils of Complacency

By James Rickards This post The Perils of Complacency appeared first on Daily Reckoning. Even after Wednesday’s stock market rout, more analysts are referring to current stock index levels as a “bubble.” I’m one of them, although I make the point that bubbles can last a long time and don’t pop just because valuations are stretched. It’s helpful to remember that Alan Greenspan called the stock market a bubble in 1996 (that was his “irrational exuberance” speech), but the bubble did not burst until 2000. This bubble won’t go on for four years, but it could go on for months before there’s a significant correction. But here’s a twist. It’s not only analysts who are calling this a bubble. The Federal Reserve has the same concern. The Fed’s focus is on market volatility as measured by the VIX, which is an options contract on the S&P 500. The problem with … Continue reading

Interview with Gold Newsletter Podcast

By Jordan Roy-Byrne CMT, MFTA For the data enthusiasts, we have your man. Jordan Roy-Byrne is editor and publisher of TheDailyGold, and he and Brien Lundin seek to make sense of a litany of numbers as they relate to both straight gold prices and the values of junior mining companies. Both advise to not get too tied up in day-to-day fluctuations, particularly those that stem from geopolitical machinations. They place more emphasis on moving averages and long-term actions of the Federal Reserve. In other words, the more the Fed inflates away the US dollar with negative real interest rates, the more gold will benefit as a safe haven from wealth confiscation, the inflation tax. Click Here to Learn More & Subscribe to TheDailyGold Premium …read more Source:: The Daily Gold The post Interview with Gold Newsletter Podcast appeared first on Junior Mining Analyst. … Continue reading

KER Politics – Fri 19 May, 2017

By Big Al Whatever happened to common sense? With the potential of loosing jobs; drastically lowering real estate values; and, tax increases it seems that some of the elected officials of Whatcom County may have the wrong priorities. Download audio file (James-McKinney-Politics-Done.mp3) …read more Source:: The Korelin Economics Report The post KER Politics – Fri 19 May, 2017 appeared first on Junior Mining Analyst. … Continue reading

Ten Principles to Bulletproof Your Portfolio, Part 1

By Alexander Green We live in an uncertain world. Economies expand and contract. Interest rates rise and fall. Markets gyrate up and down. And nobody gives you a warning. It’s a bit unsettling, especially when your life savings are on the line. Wouldn’t it be great if you could bulletproof your investments, so you’re prepared for whatever the future holds? In fact, you can. You need only follow 10 battle-tested principles that have stood the test of time… 1. Don’t try to forecast the economy. The national and global economy today is too big, too dynamic and way too complex for anyone – from corporate executives to central bank presidents – to accurately predict. So if you’re running your portfolio based on someone’s guess about how long the economic expansion will last or when the next recession will arrive, you’re already off on the wrong foot. Twice a year, The … Continue reading

The Knives Come Out for Trump

By Bill Bonner A Minor Derailment GUALFIN, ARGENTINA – Yesterday, stocks fell. And volatility shot up. When too many people have too many knives out at once, accidental cubism may result Reports Bloomberg: The Dow Jones Industrial Average tumbled more than 370 points, Treasuries rallied the most since July and volatility spiked higher as the turmoil surrounding the Trump administration roiled financial markets around the globe. Major U.S. stock indexes tumbled the most in eight months, while the CBOE Volatility Index [which measures investors’ expectations of price swings on the S&P 500] jumped the most since the U.K. voted to leave the European Union last June, shattering the calm that gripped markets in the past month as the crisis threatened to derail the policy agenda that helped push equities to records as recently as Monday. Speculators who bought the VIX in timely fashion – a bet that volatility would go … Continue reading

Interview: A Summer Bottom in Junior Gold Stocks…?

By Jordan Roy-Byrne CMT, MFTA I discuss the potential for a summer low in junior gold stocks in this interview with Wealth Research Group. I also discuss my bearish bull concept and my outlook for Silver in 2017 and 2018. Listen below. Click Here to Learn More & Subscribe to TheDailyGold Premium …read more Source:: The Daily Gold The post Interview: A Summer Bottom in Junior Gold Stocks…? appeared first on Junior Mining Analyst. … Continue reading

Rio Tinto says it wants to help Australian small businesses

By analyst By Valentina Ruiz Leotaud Even though management announced in April that its iron ore shipments from the Pilbara region were down 13% in the last quarter, Rio Tinto (ASX, LON:RIO) sent out a press release today stating that it will reduce the payment terms for smaller suppliers to 30 days in a bid to improve cash flow for those businesses. The change will be effective as of July 1, 2017, and will apply to more than 5,500 Australian suppliers under $1 million of expenditure. “We understand that lengthy payment terms can create cash flow pressures for small to medium sized firms. We are addressing that from the start of the new financial year. Faster payment terms will help our smaller suppliers manage cash flow and help our local business partners to grow. A supply chain of strong local suppliers is good for our business, good for local communities … Continue reading

Coal transfer facility challenged in Federal Court

By analyst By Valentina Ruiz Leotaud Lawyers representing citizens Paula Williams and Christine Dujmovich, as well as local organizations such as Communities and Coal Society and Voters Taking Action on Climate Change, asked a Federal Court this week to overturn the Vancouver Port Authority’s approval of a coal transfer facility on British Columbia’s Fraser River. In a press release posted on Ecojustice Canada’s website, Karen Campbell, one of the lawyers leading the case, says that her clients are convinced “that the Fraser Surrey Docks project approval was tainted by a reasonable apprehension of bias.” Campbell adds that the Port did not have the legal power to approve the Fraser Surrey Docks coal project. She says her clients allege that the Authority’s bias became evident when it made its decision to issue the permit in 2014, “based on a number of factors including a bonus compensation arrangement for some of the … Continue reading