Does Creating Wealth Make You Selfish and Greedy?

By Alexander Green My recent column on “Just How Much Is Enough?” generated comments aplenty from readers.

Some agreed with a post by John K., “I don’t know how much is enough. I just know I’m not there yet.”

Others agreed with a reader’s contention that the individuals in the New York Times article I cited – who believed that “enough” was somewhere between $20 million or $65 million – were “just greedy.”

I think a better explanation is these folks were “just dreamers,” since none appeared to be actually doing anything to build a fortune for themselves.

But are those of us who are creating wealth “greedy”?

Greed, of course, is a nebulous but loaded term. The Oxford English Dictionary defines it as “intense and selfish desire for something, especially wealth.”

Yet I don’t believe it’s selfish to pursue financial independence.

You can’t reach your potential or live life to the fullest if you spend your days swimming in concerns about money.

Money is independence. It liberates you from want, from work that is drudgery, from relationships that confine you. No one is truly free who is a slave to his job, his creditors, his circumstances or his overhead.

Wealth is the great equalizer. It doesn’t matter if you’re a man or woman, black or white, young or old, tall or short, gay or straight, educated or not. If you have money, you have power – in the best sense.

Wealth is freedom, security and peace of mind. It allows you to do and be what you want, to support worthy causes, and help those closest to you. It enables you to follow your dreams, to spend your life the way you choose.

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Money gives you dignity. It gives you choices. That’s why every man and woman has the right – and perhaps even an obligation – to achieve some level of financial independence.

If we have trouble defining how much is enough for ourselves, how can we know if someone else has too much?

Is it greedy or selfish to want a bigger house, a better car, another ultra-HD, flat-panel TV or the latest and greatest iPhone?

Isn’t spending money good for the economy? Doesn’t it create jobs?

And how can it be selfish to want more money if the only two ways to get it are either providing someone with a good or service they want or investing your capital somewhere it’s needed?

Either way, you’re helping other people – and earning that money.

If you earned it legally and want to spend it, why is that wrong? Or how does it become wrong when the wealth – or the spending – reaches a certain level?

No doubt some will point out that ours is a society of great economic inequality – and that it’s unconscionable for some to have so much while others have so little.

I have my own thoughts on the subject… but I’d also like to hear yours first.

So click here to send me your thoughts on “How Much Is Enough?” and what – if anything – should be done to mitigate the economic …read more

Source:: Investment You

The post Does Creating Wealth Make You Selfish and Greedy? appeared first on Junior Mining Analyst.

Is Chile’s Mining Industry About To Boom After Election?

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By Jeb

For many months now I have related to my subscribers that the pro capitalist movement in Chile was growing stronger and that a rally could begin in the Chilean junior miners as the country turns more pro-busines. I highlighted for close to a year now that maybe Argentina was getting a bit overpriced and we should look at Chile for the critical lithium supplies.

Over the weekend the runoff election was announced and my forecast of Chile turning pro business was spot on. Conservative candidate Pinera won by a huge margin pledging to rebuild the economy and open up the country to foreign investment. He won more votes than any other president indicating the people of Chile want the economy to rebound.

Pinera is known to be pro mining in a country which is the world’s leader of clean energy metals specifically copper and lithium. He wants to cut bureaucracy and regulations which has bogged down development projects as he wants to grow the country economically. As you can see Chile has been in decline for years and the people want a pro-mining change.

Chile was weighed down by socialist policies for several years similar to Argentina before the Macri election. A few years ago when investors abandoned Argentina I was one of the few that encouraged Western Lithium to takeover Lithium Americas for pennies as I also believed Argentina would turn. As we all know Macri was elected and Lithium Americas went from pennies per share to dollars per share.

A similar possibility exists with the advanced lithium miners in Chile as I expect business to pick up quickly now with the new president who is a Harvard trained economist introducing credit cards to Chile back in the 80’s. Pinera has a mission to turn Chile into South America’s economic powerhouse and the way he may do that is with clean energy and using his vast resources of copper and lithium to generate huge amounts of capital which can be reinvested into infrastructure and education.

What is the next Lithium Americas of Chile? For many months I have been highlighting Bearing Lithium $BRZ.V $BRGRF which has a stake in the #maricungaproject one of the highest grade lithium brines in the world and the only pre production project in Chile. Chile is already well known to host some of the best lithium brines in the world including the Atacama which produces over 40% of global lithium supply.

The project has a huge high grade lithium resource. Bearing $BRZ.V $BRGRF has a free carry on expenses through Feasibility which is expected in the first half of next year. Already the Koreans through POSCO own a bunch of Bearing but I expect the Chinese or other nations to come in and try to pick up Bearing’s stake for possibly a huge premium not that the pro-lithium president has been elected.

For more information on the Chilean Election and its impact on Bearing Lithium $BRZ.V $BRGRF you can contact the CEO …read more

Source:: Gold Stock Trades.com

The post Is Chile’s Mining Industry About To Boom After Election? appeared first on Junior Mining Analyst.

Is Chile’s Mining Industry About To Boom After Election?

sc-57

For many months now I have related to my subscribers that the pro capitalist movement in Chile was growing stronger and that a rally could begin in the Chilean junior miners as the country turns more pro-busines. I highlighted for close to a year now that maybe Argentina was getting a bit overpriced and we should look at Chile for the critical lithium supplies.

Over the weekend the runoff election was announced and my forecast of Chile turning pro business was spot on. Conservative candidate Pinera won by a huge margin pledging to rebuild the economy and open up the country to foreign investment. He won more votes than any other president indicating the people of Chile want the economy to rebound.

Pinera is known to be pro mining in a country which is the world’s leader of clean energy metals specifically copper and lithium. He wants to cut bureaucracy and regulations which has bogged down development projects as he wants to grow the country economically. As you can see Chile has been in decline for years and the people want a pro-mining change.

Chile was weighed down by socialist policies for several years similar to Argentina before the Macri election. A few years ago when investors abandoned Argentina I was one of the few that encouraged Western Lithium to takeover Lithium Americas for pennies as I also believed Argentina would turn. As we all know Macri was elected and Lithium Americas went from pennies per share to dollars per share.

A similar possibility exists with the advanced lithium miners in Chile as I expect business to pick up quickly now with the new president who is a Harvard trained economist introducing credit cards to Chile back in the 80’s. Pinera has a mission to turn Chile into South America’s economic powerhouse and the way he may do that is with clean energy and using his vast resources of copper and lithium to generate huge amounts of capital which can be reinvested into infrastructure and education.

What is the next Lithium Americas of Chile? For many months I have been highlighting Bearing Lithium $BRZ.V $BRGRF which has a stake in the #maricungaproject one of the highest grade lithium brines in the world and the only pre production project in Chile. Chile is already well known to host some of the best lithium brines in the world including the Atacama which produces over 40% of global lithium supply.

The project has a huge high grade lithium resource. Bearing $BRZ.V $BRGRF has a free carry on expenses through Feasibility which is expected in the first half of next year. Already the Koreans through POSCO own a bunch of Bearing but I expect the Chinese or other nations to come in and try to pick up Bearing’s stake for possibly a huge premium not that the pro-lithium president has been elected.

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For more information on the Chilean Election and its impact on Bearing Lithium $BRZ.V $BRGRF you can contact the CEO for any questions or concerns.

Jeremy Poirier (President & CEO)
Phone: + 1 604 262 8835 ex101
Email: jpoirier@bearinglithium.com
Address: 1400 – 1111 West Georgia Street. Vancouver, BC, Canada V6E 4M3

Disclosure: I own securities in this company. They are a website sponsor which means I have a conflict of interest and am biased as I would benefit if the share prices goes up in value. Please do your own due diligence as I am not a financial advisor. This contains forward looking statements which may not come to fruition as mining is risky and investors can lose all their money. I may buy or sell shares at any time without notice. This is based on public information and management conversations but there may be inaccuracies or errors so make sure you do your own due diligence. This should be considered an advertisement and not financial advice.

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From:: GoldStockTrades.com

5 Big Questions for 2018

bitcoin accepted everywhere

Today marks the seventh day of Hanukkah, and in only seven days, many families across the world will be celebrating Christmas. Not only is it the season of giving, but it’s also time to reflect back on the past 12 months and look ahead to 2018.

Below are five questions to help guide your thinking when making investment decisions in the new year.

1. Will stocks follow the historical presidential cycle?

Next month marks President Donald Trump’s first year in office and the beginning of his second. How have markets responded to his pro-growth policies, including pledges to lower taxes and slash regulations?

The answer: Overwhelmingly. As of my writing this, the S&P 500 Index is up 19 percent year-to-date, far outperforming the historical returns we’ve seen in the first year of a president’s four-year term.

In the second year, returns have traditionally been lower than the first. From 1928 to 2016, such years produced average market gains of just above 4 percent, making it the weakest year.

The reason for lower returns in the first two years, according to CLSA analysts this week, could be that “an administration looks to put as much bad news and painful actions into the first two years to form a good bias for getting reelected or paving the way for the predecessor of its own party.” Recall that President Bill Clinton didn’t hesitate to hike taxes after getting elected—he signed the Omnibus Budget Reconciliation Act just eight months into his first term.

But Trump has taken a different strategy. As CLSA puts it, “all the good news is being front loaded in the first half of this presidential cycle.” Right out of the gate, Trump placed major executive and legislative agenda items on the docket, from an Obamacare repeal to deregulation to sweeping tax cuts.

Not all of these efforts have borne fruit, of course. Even last week, his tax overhaul appeared to be imperiled after serious concerns were raised by moderate Republican senators such as Marco Rubio, Bob Corker and Jeff Flake.

I remain optimistic, though, and I see no reason at the moment to think that 2018 won’t be an encore of 2017. We’re nine years into the current equities bull market, the second-longest in U.S. history, but there could still be plenty of “gas in the tank,” according to a Bank of America Merrill Lynch report this week.

So with only a month remaining to Trump’s first term, it’s important to remember the words of Warren Buffett a day before the president was sworn in. Even though Buffett backed Hillary Clinton in the election, he said that “America works and I think it’ll work fine under Donald Trump.”

2. Will S&P 500 Index companies continue to post record-level earnings per share (EPS) in 2018?

click to enlarge

Earnings per share (EPS) growth is one of the most reliable and closely monitored indicators of market health. It’s one of the key metrics we use to find the most growth-driven and profitable companies.

As my …read more

Source:: Frank Talk

The post 5 Big Questions for 2018 appeared first on Junior Mining Analyst.

What Wall Street Won’t Tell You: Expect the Unexpected in 2018

By Greg Guenthner

This post What Wall Street Won’t Tell You: Expect the Unexpected in 2018 appeared first on Daily Reckoning.

Rejoice, investors! Prediction season is upon us!

The financial web is now brimming with bold prognostications for stocks, bonds, commodities, and which celebrity is next in line to kick the bucket. Everyone from big bank analysts to lowly bloggers is taking a stab at what 2018 will unleash on unsuspecting investors.

But the yearly ritual always ends in disappointing, mundane projections. No one has the guts to stick their neck out and predict a huge move in the markets.

Just look at how Wall Street analysts prepped for 2017:

Exactly one year ago, the S&P 500 was resting just below 2,300.

Trump’s unexpected win was still a fresh concern on Wall Street’s mind. No one knew what to think about the markets heading into a new year as political “uncertainty” reared its ugly head.

Naturally, all the very serious analysts used political excuses to hedge their bets. Almost no one thought the major averages would gain any traction in 2017. In fact, every single one of the big banks predicted a boring year for stocks.

Goldman Sachs, Morgan Stanley, and Bank of America Merrill Lynch analysts set their year-end S&P targets at 2,300. Barclays and JP Morgan prognosticators were a bit more bullish. Both set their S&P 500 targets at 2,400.

Prudential employed the only analyst who was hitting the eggnog last December. He posted a 2017 year-end price target of 2,575 for the S&P 500. If this outlier prediction were to come true, it would work out to a gain of more than 10% for the S&P over the next 12 months. Shocking!

But investors (and the major averages) had other ideas. Fast forward just one year and the S&P is higher by nearly 20%. The Nasdaq is up more than 27%. And a little-known cryptocurrency called bitcoin is approaching $20,000. Who saw that coming?

The S&P eclipsed Wall Street’s conservative 2,300 target by early February and never looked back. The index smashed through 2,400 in May. Finally, it tore past 2,575 by the end of October. None of the Street’s mundane predictions even came close.

No matter how much data anyone uses to back up their bets for 2018, even the best predictions are nothing but empty guesses. Once again, no one is predicting a big move in stocks — higher or lower.

“Most of Wall Street’s 2018 economic and market forecasts are interchangeable with those from last year,” Barron’s notes. “And the year before that. And the year before that.”

But I don’t blame these analysts for their wimpy market guesses. After all, every one of them is smarter, better educated, and much more important that I claim to be. They all know how to play the game. In the button-down world of Wall Street, you don’t make bold calls. If you want to keep your job, you blend in with the herd.

That’s not how we roll here at Rude HQ.

This week, we’re tossing these lame analyst predictions to …read more

Source:: Daily Reckoning feed

The post What Wall Street Won’t Tell You: Expect the Unexpected in 2018 appeared first on Junior Mining Analyst.

Jack Chan’s Weekly Precious Metals Market Update

chanhui112-18

Source: Jack Chan for Streetwise Reports 12/18/2017

Technical analyst Jack Chan charts the latest movements in the gold and silver markets, noting speculation has reached ‘bull market values’.

Our proprietary cycle indicator is down.

The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.

chanhui212-18
The gold sector is on a short-term sell signal. Short-term signals can last for days and weeks, and are more suitable for traders.

chanspec12-18
Speculation is in bull market values.

chanopen12-18
Open interests are now at levels of previous bottoms.

chansilver12-18
Silver is on a long-term buy signal.

chanslv12-18
SLV is on a short-term sell signal, and short-term signals can last for days to weeks, more suitable for traders.

chansilverspec12-18
Speculation in silver is now at levels of previous bottoms.

Summary
The precious metals sector is on major buy signal. The cycle is down, as the multimonth consolidation continues. COT data is now supportive for a bottom in metal prices. We are holding gold-related ETFs for long-term gain.

Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the U.S. dollar bottom in 2011.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Statements and opinions expressed are the opinions of Jack Chan and not of Streetwise Reports or its officers. Jack Chan is wholly responsible for the validity of the statements. Streetwise Reports was not involved in any aspect of the article preparation or editing so the author could speak independently about the sector. The author was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
2) Jack Chan: We do not offer predictions or forecasts for the markets. What you see here is our simple trading model, which provides us the signals and set-ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion. We also provide coverage to the major indexes and oil sector.
3) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

Charts courtesy of Jack Chan

A real Downer: Adani to go it alone on Carmichael

By analyst

By Andrew Topf

The Adani Group’s Carmichael coal and rail project in Queensland has taken another hit.

The Indian conglomerate had partnered with experienced mine operator Downer Group in a $2.6 billion contract, but decided to cancel the partnership as part of a cost-cutting drive after a decision by the Queensland Government to veto a $1-billion loan, ABC News reported on Monday. However according to Adani the decision was mutual, due to Downer being targeted by activists for its involvement in the controversial USD$12-billion project.

It adds that Downer is one of only two companies – the other being Thiess – that could handle the operation expected to produce 60 million tonnes of coal a year.

The hits just keep on coming for Adani, which has spent more than $120 million in legal fees and cutting its way through the environmental snags that delayed the first phase of the mine.

According to official estimations, the Carmichael mine will contribute $2.97bn each year to Queensland’s economy and has the potential to create 6,400 new jobs: around 2,500 construction positions and 3,900 operational posts.

The project, the largest single investment by an Indian corporation in Australia, is meant to fuel power generation for 100 million Indians. Coal from Carmichael is also expected to be sold in Vietnam, Bangladesh, China, Philippines and Pakistan.

However whether the project ever gets online is largely down to financing.

Along with the rejection of the $1-billion Commonwealth loan from Queensland, Adani’s application for a Northern Australia Infrastructure Facility (NAIF) loan worth AUD$900 million was also vetoed last week. That followed a decision by two major Chinese banks to back away from funding the new coal and rail facility.

However Adani isn’t giving up, describing the split with Downer as “simply a change in management structure”. The company earlier said it plans to have financing in place by March 2018.

The post A real Downer: Adani to go it alone on Carmichael appeared first on MINING.com.

…read more

Source:: Infomine

The post A real Downer: Adani to go it alone on Carmichael appeared first on Junior Mining Analyst.

Copper jumps to 3-week high

By analyst

By Andrew Topf

The copper price is scaling heights not seen since the end of November, bolstered by strong economic data coming out of China and Wall Street buying.

9Finance reported on Sunday that rising stock market indices on Wall Street “had boosted sentiment and sparked a wave of buying on industrial metals markets.”

Benchmark copper on the LME settled up 1.4% to US$6,886 a tonne, reaching a three-week high compared to the previous high set November 28.

The price hike correlates with China’s industrial output rising 6.1% in November compared to the same period last year, surpassing analyst estimates.

“Fundamentals are pretty strong on the back of the global economy and China,” 9Finance quoted Societe Generale analyst Robin Bhar, who added: “We may see some volatility over the new year and we may have to wait until after the Chinese new year in February to see clear where China demand is going.”

Bellwether copper suffered its worst one-day fall in nearly three years on Dec. 5, but has been in recovery mode since then adding more than 2% three days later to $3.14 a pound and back to within shouting distance of levels last seen at the beginning of 2014.

Copper may be poised for another rebound due to supply threats from likely strikes in Chile, as the major producer expects to negotiate contracts with 32 unions next year, Bloomberg reported. Bank of America analysts said the price could head back above $7,000 during the first half of 2018 if disruptions from strikes tighten the market like they did with stoppages at Escondida in Chile and Grasberg in Indonesia earlier this year.

The post Copper jumps to 3-week high appeared first on MINING.com.

…read more

Source:: Infomine

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Alamos establishes 1.6M ounce reserve base at Manitoba mine

By analyst

By Andrew Topf

Alamos Gold (TSX,NYSE:AGI) has come out of the gate with an impressive feasibility study conducted on its Lynn Lake Gold Project in Manitoba.

Toronto-based Alamos said the reports shows the past-producing gold camp with proven and probable reserves of 26.8 million tonnes graded 1.89 grams per tonne, with contained gold of 1.6 million ounces.

The feasibility study converts the previous measured and indicated resources, which stood at 40.3 million tonnes at 2.03 g/t, and 2.629 Moz contained.

Average gold production would be 170,000 ounces over the first six years, with life of mine production of 1.5 Moz. Alamos would produce gold at $745 an ounce, all-in sustaining costs, and expects to have total capital expenditures including reclamation of $486 million.

“We acquired the Lynn Lake project in 2016 for $20 million and with the completion of the feasibility study, have outlined solid base case economics for the project with an after-tax net present value over $120 million. As we advance the project through permitting over the next two years, we see excellent potential to further enhance its overall economics through a number of avenues, including incorporating recent exploration success,” President and CEO John McCluskey said in a statement. “We expect stronger economics prior to making a construction decision. With its location in one of the best mining jurisdictions in the world, Lynn Lake is an important piece of our longer term growth strategy.”

Lynne Lake has five near-surface deposits including two primary ones: the MacLellan Mine and the Gordon Mine, had preliminary economic assessments (“PEAs”) done on them in 2014.

Both deposits would be mined using conventional truck and shovel open pit mining methods, moving between 20.5 and 27.0 Mt of material over the first seven years. The mill has been designed to handle 7,000 tonnes per day, nominal capacity.

Alamos acquired the project in 2016 through its acquisition of Carlisle Goldfields, which previously had a joint venture with AuRico Metals (TSX:AMI) on Lynne Lake.

In September Alamos bought smaller rival Richmont Mines Inc in a deal valued at about C$905 million ($747 million) to create a top-10 gold producer in North America. The combined company, which will have majority of its production in Canada, is expected to produce 500,000 ounces of gold in 2017.

The deal includes Richmont’s flagship Island Gold Mine in Ontario, known for its high-grade yield and low cost. As a result, Alamos’s production is expected to increase at an average of 25 percent annually, Reuters reported.

The post Alamos establishes 1.6M ounce reserve base at Manitoba mine appeared first on MINING.com.

…read more

Source:: Infomine

The post Alamos establishes 1.6M ounce reserve base at Manitoba mine appeared first on Junior Mining Analyst.

KER Politics – Sun 17 Dec, 2017

By Big Al Media’s response to Trump not enhancing their credibility BY RAMESH PONNURU Bloomberg

DOUG MILLS NYT President Donald Trump enters to speak about tax reform Wednesday at the White House in Washington.

Sarah Huckabee Sanders, the White House press secretary, claimed this week that reporters often lie: “There’s a very big difference between making honest mistakes and purposefully misleading the American people. Something that happens regularly.” Her evidence for this accusation consisted entirely of a reference to a “number of reports that have taken place over the last couple of weeks.”

It’s a gross falsehood, but the truth is bad enough. Reporters have made some high-profile errors in recent weeks, and they have all tended to put the Trump administration in an unfavorable light.

ABC offered the worst example. Brian Ross claimed that Donald Trump had told his then-adviser Michael Flynn to talk to Russian officials before he was elected president. The network had to retract that claim, and suspended Ross for a month. The contacts actually took place during the transition. The initial story seemed to back up the claim that Trump colluded with Russia to defeat Hillary Clinton. The corrected one merely showed he was doing what incoming presidents do routinely.

Sanders said of reporters that “you are purposely putting out information that you know to be false.” There’s no reason to think Ross or ABC knew their story was false. No news outlet wants to put itself in the position of having to issue a correction. What appears to have been at work here was instead sloppiness and bias: the desire to run with a hot story as soon as possible, and a predisposition to believe the worst about Trump.

While most Americans trust the media more than they trust Trump, a lot of journalists feel besieged and frustrated. News organizations aren’t sure how to respond to the criticisms they are getting from the Trump White House and its allies.

Some media organizations are patting themselves on the back for no obvious reason. CNN’s “this is an apple” ad suggests that its reporting simply describes things as they are – apples as apples – contrary to what the disinformation campaigns would have you believe. The ad is misleading both about what CNN does and why conservatives dislike the network: It doesn’t just report plain facts, and most critics aren’t upset when it does.

We can debate what the 2016 election meant, but it didn’t signal an untapped market for more media smugness. Or, for that matter, for more media whininess. Yet CNN responded to a childish Trump tweet by charging him with “bullying” Don Lemon, one of its on-air personalities.

A lot of journalists are reacting to criticism not by pointing out when it’s unfair but by indulging in hysterics. When Trump tweets that TV networks’ licenses should be revoked because of their partisanship, he is attacking the First Amendment. When he says that various reporters should be fired, he’s not, even if his comments are obnoxious and would previously have …read more

Source:: The Korelin Economics Report

The post KER Politics – Sun 17 Dec, 2017 appeared first on Junior Mining Analyst.