Valuable Insights from Around the Web – Wed 21 Jun, 2017

By Cory Small-Cap Investors Have Never Been So Complacent I am currently stuck in the Seattle airport because all flights seem to be delayed which already made me miss my connection. I figured I could re-post this article from Dana Lyons focused on investor complacency. Let’s remember that large cap investors have been extremely complacent this year with he VIX (S&P volatility index) trending around 30 year lows. Now we are seeing small cap investors join the complacent camp as Dana outlines below. Click here to visit Dana’s free blog for more great insights. … Volatility expectations in the small-cap space just hit their lowest level on record. We are not the first to note that one of the hallmarks of the latest stage of the bull market in U.S. stocks has been extremely subdued volatility (the recent tech wreck, notwithstanding). Articles covering the historically low levels of the S&P … Continue reading

Is Trump a Modern Caesar?

By Bill Bonner Putting on the Purple Mayor: Drebin, I don’t want any more trouble like you had last year on the South Side. Understand? That’s my policy. Drebin: Yes. Well, when I see five weirdos dressed in togas stabbing a guy in the middle of the park in full view of 100 people, I shoot the bastards. That’s my policy. Mayor: That was a Shakespeare in the Park production of Julius Caesar, you moron! You killed five actors! Good ones. – The Naked Gun Laura Loomer, the first protester to rush the stage to interrupt the enactment of stabbing Donald “Caesar” Trump in a new version of Shakespeare’s play Julius Caesar. Apparently it has been transformed into some kind of leftist/ establishment/ Deep State wish fulfillment fantasy, which in turn has predictably triggered supporters of Mr. Trump. Since Ms. Loomer first rushed the stage, other protesters have followed her … Continue reading

Valuable Insights from Around the Web – Tue 20 Jun, 2017

By Cory Fundamental charts: US Markets and US GDP These 2 chats below were sent to me by our friend Ronni Stoeferle. The two charts are presenting different hard data but all together they outline just how streched US equity markets are compared to US GDP. Take a look and let us know what you think. I apologize for the lack pf postings today. It was a full day on the Rye Patch properties. We will provide full coverage on this weekend’s show. Back in the day, when fundamentals used to matter… — D.Schrottenbaum, CFA (@David_Schro) June 20, 2017 groundhog day? The Atlanta Fed’s GDPNow forecast for the second-quarter growth (green line) fell below 3%. — Ronnie Stoeferle,CMT (@RonStoeferle) June 20, 2017 …read more Source:: The Korelin Economics Report The post Valuable Insights from Around the Web – Tue 20 Jun, 2017 appeared first on Junior Mining Analyst. … Continue reading

Pope Francis and Angela Merkel: Enemies of European Civilization

By Antonius Aquinas Pushing the Global Warming Scam Two of Europe’s greatest contemporary enemies recently got together to compare notes and discuss how they were going to further undermine and destabilize what remains of the Continent’s civilization. Pope Francis and German Chancellor Angela Merkel met on June 17, in the Vatican’s Apostolic Palace to discuss the issues which will be raised at a Group of 20 summit meeting in Hamburg, from July 7-8. Preparing for the G-20 gab fest: Pope Francis and Angela Merkel, two of the most harmful busybodies and world improvers of modern times. Photo credit: Credit Ettore Ferrari / European Pressphoto Agency The Vatican said that Frau Merkel and the Pope discussed “the need for the international community to combat poverty, hunger, terrorism and climate change.”* Ms. Merkel, in an obvious swipe at US President Donald Trump, said that “we are a world in which we want … Continue reading

100% Chance of Recession Within 7 Months?

By Brian Maher This post 100% Chance of Recession Within 7 Months? appeared first on Daily Reckoning. We asked this question one week after Trump was elected: “What does history predict for the Trump presidency?” The answer we furnished — based on over a century of data — was this: A 100% chance of recession within his first year. Not a 90% chance, that is. Not even a 99% chance. But a 100% chance of recession. That answer came by way of a certain Raoul Pal. He used to captain one of the largest hedge funds in the world. And to prove his case he called the unimpeachable witness of history to the stand… Crunching 107 years worth of data, he showed the U.S. economy enters or is in a recession every time a two-term president vacates the throne: Since 1910, the U.S. economy is either in recession or enters … Continue reading

Recession Could Be Closer Than Most Realize

By James Rickards This post Recession Could Be Closer Than Most Realize appeared first on Daily Reckoning. The conventional definition of gross domestic product, GDP, has four main parts. These are consumption, investment, government spending, and net exports. This definition is usually expressed in equation form as GDP = C + I + G + (X – M). But, these parts do not affect the economy equally. Consumption is far and away the most important component. Consumption is almost 70% of the total economy. In the most recent quarterly report from the Commerce Department, total annualized GDP was $19 trillion and consumption was $13 trillion, or 68%. The impact of consumption does not stop there. If consumption slows down, investment may slow down. Businesses will not invest in buildings and heavy equipment unless the customers are there to purchase the output needed to justify those investments in the first place. … Continue reading

The Low-Growth Trap

By Craig Wilson This post The Low-Growth Trap appeared first on Daily Reckoning. The Organization for Economic Cooperation and Development (OECD) published its latest report warning that the world economy, since the global financial crisis, is stuck. After nearly a decade since the beginning of the crisis the implications of a flatlined economy could have sweeping implications, regardless of individual economic positions. Established in 1961, the OECD has been a marquee forum for measuring economic productivity throughout the world and offers data for global flows of trade and investment. The OECD described its latest outlook, which screened the health of the 2017 economy, as “better, but not good enough.” It wasn’t all gloom. The report did offer that it anticipated GDP growth in the year ahead. However, it forewarned that: “While the pick-up is welcome, it would still leave global growth below past norms and below the pace needed to … Continue reading

Huge Gains the Kinetic Way

By Jonas Elmerraji Can you see them? Those “K-Signs” form the beginning and end of our Kinetic Windows: K-Signs Do the Work for You The “buy” sign always looks like a letter K that’s been tipped over on its back… While the “sell” sign always looks like a K that’s fallen forward. Yeah, it’s painfully simple, but that’s the point. Again, these are the exact same data points we’ve been looking at for over the past week. Now, the K-Sign gives us the easy visual you can use to “see” Kinetic Windows in action. Over the past week I’ve been showing you charts like this one below: As you can see, the K-Sign is a superior way to visualize Kinetic Windows. And it’s super simple. Even if you haven’t seen all of the research behind them, it’s pretty intuitive that you want to own the stock during the green window, … Continue reading

Yancoal trumps Glencore bid for Rio Tinto’s coal mines

By analyst By Cecilia Jamasmie The battle over Rio Tinto’ (ASX, LON:RIO) coal assets in Australia’s Hunter Valley seems to have come to an end as the miner has picked an improved offer by Yancoal Australia (ASX:YAL), a subsidiary of China’s Yanzhou Coal Mining, over Glencore’s (LON:GLEN) bid. Acquisition would make of Yancoal Australia’s largest pure-play coal producer. Shareholders should vote for the $2.45 billion proposal from Yancoal for the Coal & Allied unit in New South Wales, the company said Tuesday. Even though the price is lower than Glencore’s $2.55 billion bid, Rio said the prospect of regulatory approval and funding certainty made Yancoal a better choice. Early this month, Glencore made a surprise bid for Rio’s assets, which are near its own mines in the Hunter Valley. A few days later, Yancoal Australia stroke a deal with Mitsubishi to buy its 32.4% stake in the same two mines. … Continue reading

Rio Tinto in search of next Oyu Tolgoi in Mongolia

By analyst By Cecilia Jamasmie Mining giant Rio Tinto (LON:RIO) and its Canadian affiliate Turquoise Hill (TSX:TRQ) are once again exploring Mongolia’s metals-rich Gobi desert, following the country’s renewed efforts to attract foreign investment. Last month, the landlocked country bordering China and Russia decided to open more than one-fifth of its territory for mining exploration, hoping to shore up its finances following an International Monetary Fund-led bailout. Mongolia’s renewed efforts to attract foreign investment it’s bearing its first fruits. Since mining accounts for around 25% of Mongolia’s GDP and more than 80%of exports, experts believe that increasing mining exploration could potentially raise the Asian nation’s GDP and economic security. Mongolia also revoked a controversial banking law that would have required companies including Rio Tinto — the country’s biggest investor — to funnel all sales revenues from foreign investment projects through local banks and proposed the wider exploration area. “I can … Continue reading