Get Ready for Inflation! Lumber Logs a 12-Year High

lumber logs a 12 year high
click to enlarge

At issue is a mini-trade war between U.S. and Canadian loggers. For some time now, the American lumber industry has blamed its Canadian counterpart of unfairly dumping lumber in the U.S. that’s far below market value. Now, several factors are pushing timber prices higher. Chief among them are the likelihood of duties being raised at the Canadian border, possibly as early as next month; President Donald Trump’s calls to renegotiate NAFTA; and growing demand for new homes following the housing crisis as consumer optimism improves and millennial buyers finally seem eager to enter the market.

Shares of Canfor Corporation and Western Forest Products, Canada’s number two and number five lumber producers by annual output, have had a good three months, advancing 25.5 percent and 16.8 percent respectively as of April 12. Timberland-owner Weyerhaeuser has also impressed lately.

Gold Glimmers Brightly

As I told Daniela Cambone during

As if you need more proof that inflation is finally starting to pick up, lumber prices rose to a 12-year high last week, supported mainly by expectations that steep duties will soon be levied on cheap softwood imports from Canada. Lumber futures rose to nearly $415 per thousand board feet last Monday, a level unseen since March 2005, soon after homeownership peaked here in the U.S.

click to enlarge

At issue is a mini-trade war between U.S. and Canadian loggers. For some time now, the American lumber industry has blamed its Canadian counterpart of unfairly dumping lumber in the U.S. that’s far below market value. Now, several factors are pushing timber prices higher. Chief among them are the likelihood of duties being raised at the Canadian border, possibly as early as next month; President Donald Trump’s calls to renegotiate NAFTA; and growing demand for new homes following the housing crisis as consumer optimism improves and millennial buyers finally seem eager to enter the market.

Shares of Canfor Corporation and Western Forest Products, Canada’s number two and number five lumber producers by annual output, have had a good three months, advancing 25.5 percent and 16.8 percent respectively as of April 12. Timberland-owner Weyerhaeuser has also impressed lately.

click to enlarge

Gold Glimmers Brightly

As I told Daniela Cambone during last week’s edition of Gold Game Film, this is all very constructive for the price of gold, which has historically been used as a hedge during periods of rising inflation. The yellow metal closed above $1,270 an ounce last week for the first time since soon after the November presidential election. A “golden cross” has not yet occurred, with the 50-day moving average still below the 200-day, but such a move appears likely in the next few trading sessions if upward momentum can be sustained.

click to enlarge

Fueled also by geopolitical tensions associated with Syria, Russia and North Korea, gold demand is on the rise, with last Tuesday’s trading volumes on gold calls surging 10 times Monday’s amount on the New York Mercantile Exchange. As I already shared with you, investor sentiment of gold during the recent European Gold Forum was particularly strong. A poll taken during the conference showed that 85 percent of attendees were bullish on the metal, with a forecast of $1,495 by year’s end.

With the U.S. ramping up military action overseas, including its dropping of a devastating bomb in Afghanistan on Thursday, many investors are lightening their risk assets in favor of “safe haven” instruments such as gold and Treasuries. The S&P 500 Index dropped below its 50-day moving average last week, signaling a slowdown in blue chip stocks.

click to enlarge

Financials were among the biggest laggards as investors have begun to question President Trump’s ability to deregulate the banking sector. After several disappointments and setbacks, including a failure to repeal and replace Obamacare, renewed military involvement in Syria and Afghanistan might provide a welcome boost to …read more

Source:: Frank Talk

The post Get Ready for Inflation! Lumber Logs a 12-Year High appeared first on Junior Mining Analyst.

TheDailyGold Premium Update #513

By Jordan Roy-Byrne CMT, MFTA

Saturday evening we emailed subscribers a 33 page update in which we covered sector trends as well as 4 companies in detail. We shared our short and medium term expectations as well as the companies we think are the lowest risk buys at present. Although we were bearish in recent weeks we did not sell any positions and last week we mentioned a few companies that could be bought. One of those stocks surged this past week.

Consider a subscription today as we can help you get positioned in the best junior companies with the most upside potential at lower risk entry points.

Click Here to Learn More About & Subscribe to Our Premium Service

…read more

Source:: The Daily Gold

The post TheDailyGold Premium Update #513 appeared first on Junior Mining Analyst.

Jeff Deist of The Mises Institute – Sun 16 Apr, 2017

By Cory Danielle DiMartino Booth: Inside the Fed

This interview was sent to us by a long time listener just this morning. When you have a little time tune in and listen to Jeff Deist and Danielle DiMartino Booth. They have share some great information on the Fed and the underlying US economy.

Click here to visit the posting page. You can download an audio version of the interview there.

Danielle DiMartino Booth is a former Dallas Fed staffer and author of the new book Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America. She joins Jeff Deist to talk about her years watching Ivy League PhDs make gross and fundamental errors in an almost comically cloistered environment.

Have Fed economists even read Mises and Hayek? Do they recognize malinvestment as a byproduct of interest-rate setting? Do they know anything about their own institutional history, or at least enough to recognize how mission creep has turned the Fed into a central planning Politburo? And how will Janet Yellen deal with the inherent tension between raising interest rates and keeping the cost of US debt service in check?

…read more

Source:: The Korelin Economics Report

The post Jeff Deist of The Mises Institute – Sun 16 Apr, 2017 appeared first on Junior Mining Analyst.

The Morgan Report’s Weekly Perspective with David Morgan

By David Morgan

The Morgan Report’s Weekly Perspective | http://www.themorganreport.com

The Morgan Report’s Weekly Perspective is our free e-newsletter. Our free e-newsletter will keep YOU in the top 3% of the Informed, the Awake, and the Aware.

Join our Free weekly e-letter…
http://www.themorganreport.com/joinfreelist

I’ve Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite You to Join My Growing Circle of Successful Investors.

The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve or grow your wealth. Over 15 years ago, a small group of us started The Morgan Report and formed an exclusive membership organization to promote personal freedom, an honest money system, free market wealth accumulation and asset protection.

Thus was born The Morgan Report – since then we’ve helped 11,000-plus members scattered over the globe in every continent and over 100,000+ e-newsletter subscribers have read our weekly e-newsletter — This Week’s View from The Morgan Report.

Through our publication, The Morgan Report, we provide you with ways to achieve greater financial security and wealth in all sorts of environments.

Learn more and become an insider for The Morgan Report, click link below…
http://www.themorganreport.com/join

Special Riches In Resources Free Report

Because there is a 100% failure rate of ALL fiat money throughout history, you will learn what to do by obtaining your Free Report. Just enter your first name, your primary email address and click the Get Special Report button below.

(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//forms.aweber.com/form/99/1281419199.js”;
fjs.parentNode.insertBefore(js, fjs);
}(document, “script”, “aweber-wjs-jc8lzhdt3”));

Our mission statement reads…

“To teach and empower people to understand the benefits of an honest monetary system.”

Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!
Learn More About The Morgan Report *

The post The Morgan Report’s Weekly Perspective with David Morgan appeared first on The Morgan Report Blog.

…read more

Source:: david morgan

The post The Morgan Report’s Weekly Perspective with David Morgan appeared first on Junior Mining Analyst.

$10 Million blue diamond arrives in Canada

By analyst

By Valentina Ruiz Leotaud

Flawless Management’s CEO, Kashif Khan, wants Canadian investors to get acquainted with some unusual diamonds, including a $10 million flawless 7.5 carat blue diamond and other rare-coloured stones.

“Rare coloured diamonds have offered investors all of the benefits of more conventional hard assets like gold, but their price performance has been much stronger. Pink diamonds have increased in value almost 400% in the last ten years,” Khan said in a press release. He holds records for both the first and second most valuable diamonds sold at auction in the country.

The executive for the Toronto-based asset management firm decided to showcase the singular gems to celebrate the launching of a new mutual fund trust for Canadian diamond fund investors. The fund is the latest addition to Flawless’ portfolio of federally registered RRSP, TFSA, and RESP products.

The post $10 Million blue diamond arrives in Canada appeared first on MINING.com.

…read more

Source:: Infomine

The post $10 Million blue diamond arrives in Canada appeared first on Junior Mining Analyst.

Tailings dam of largest open pit copper mine in Canada is safe: Teck

By analyst

By Valentina Ruiz Leotaud

Following a spill of 850,000 litres of process water caused by a frozen pipeline at Highland Valley Copper’s tailings facility in British Columbia’s Interior, Teck Resources spokesperson Chris Stannell said the safety and stability of the mine’s tailings dam were not affected.

In an email exchange with the CBC, Stannell also said that the April 8 incident didn’t cause any environmental impacts, as it was promptly reported and the damaged line was taken out of service for repairs.

He also said containment systems operated as designed and that the water was returned to the tailings pond.

Highland Valley, located near Logan Lake, is the largest open pit copper mine in Canada. It has been at the centre of some labour controversies in recent months, as union leaders have been denouncing continued safety incidents taking place at the site. However, Teck (TSX:TCK.A & TCK.B) (NYSE:TCK) argues that workplace accidents in the area are not higher than normal.

The post Tailings dam of largest open pit copper mine in Canada is safe: Teck appeared first on MINING.com.

…read more

Source:: Infomine

The post Tailings dam of largest open pit copper mine in Canada is safe: Teck appeared first on Junior Mining Analyst.

KER Politics – Sat 15 Apr, 2017

By Big Al Blessed are the Peacemakers

Robert M sent me this missive earlier. Makes sense to me, Big Al

LewRockwell.comanti-state•anti-war•pro-market

ARCHIVES
AUTHORS
BLOG
BOOKS & RESOURCES
POLITICAL THEATRE
PODCASTS
STORE
ABOUT
CONTACT
DONATE
ADVERTISE

Blessed Are the Peacemakers

By

April 15, 2017

Blessed are the peacemakers: for they shall be called the children of God. Matthew 5:9

I am writing these words before Good Friday (including Orthodox Christian) 2017. Tensions between nations have never been greater. Although there are tens of millions of people in America who profess the Christian faith, there appears to be very little in the way of public protests against military actions and incipient war.

Recently, conservative talk show host Michael Savage publicly criticized President Trump’s decision to attack Syria. His conversation with author and columnist Pat Buchannan is on this YouTube of his broadcast on April 11th. In his book, Trump’s War, Mr. Savage wrote in the chapter “Trump’s War against the War Machine” these wise observations:

Physical Gold & Silver in your IRA. Get the Facts.

Just after the election, I saw Mel Gibson’s movie Hacksaw Ridge. It’s about the U.S. Army medic Desmond T. Doss, who served at the vicious Battle of Okinawa in World War II but refused to kill anyone. He became the first man in American history to win the Medal of Honor without firing a single shot.

Hacksaw RidgeBest Price: $9.98Buy New $14.95This was the perfect movie to see in the context of Donald Trump as an anti-war President. While I was watching this moving film, Trump was speaking to Russian president Vladimir Putin, even though Trump hadn’t been sworn in yet. The two men vowed to work together…

One of the reasons I worked so hard to get Trump elected is I believe he will be a man of peace. Put everything else aside. The most important thing in this world is not the economy. It’s peace.

I’ve written about Desmond T. Doss and there are several excellent articles on Lew Rockwell’s site; I’ve also written about the work and writing of Professor Stephen Cohen. In his appearance on Tucker Carlson’s show on April 12th, 2017, he discussed the bombing of Syria:

[Russian Prime Minister Dmitry Medvedev] said American-Russian relations are absolutely ruined—ruined. He’s considered the most pro-Western member of the Russian leadership…and the politics in Russia today as we talk is if not the conviction the concern that America is preparing for war against Russia…my concern is that Russia will overreact…

(In forty years as a Russia expert) I’ve never been as worried as I am today about war with Russia.”

Yet far from most of the political leadership agreeing with Professor Cohen, they react with outrage against those who challenge their agenda; witness the attacks against Congresswoman Tulsi Gabbard:

Sporting a sweet new “Resist” picture on Twitter, Neera Tanden, President of the Center for American Progress and author of numerous embarrassing email exchanges with John Podesta, called on Hawaiians to oust their Representative, Tulsi Gabbard, for having the audacity to question …read more

Source:: The Korelin Economics Report

The post KER Politics – Sat 15 Apr, 2017 appeared first on Junior Mining Analyst.

The Trump Reflation Fantasy Ends on Day 100

By David Stockman

This post The Trump Reflation Fantasy Ends on Day 100 appeared first on Daily Reckoning.

[Ed. Note: To see exactly what this former Reagan insider has to say about Trump and the fiscal threats from politics and the debt ceiling, David Stockman is sending out a copy of his book Trumped! A Nation on the Brink of Ruin… And How to Bring It Back to any American willing to listen – before it is too late. To learn how to get your free copy CLICK HERE.]

In honor of the Donald’s “Mother of All Bomb” (MOAB) attack on the Hindu Kush mountains Thursday, let me introduce MOAD.

I’m referring to the “Mother of All Debt” crises, of course. The opening round is coming when Washington goes into shutdown mode on April 28, which happens to be Day 100 of the Donald’s reign.

In theory, this should be just a routine extension of the fiscal year (FY) 2017 continuing resolution (CR) by which Congress is funding the $1.1 trillion compartment of government which is appropriated annually.

The remaining $3 trillion per year of entitlements and debt service is on automatic pilot, but the truth is Washington can’t agree on what to do about either component — except to keeping on borrowing to pay the bills.

There is a problem with this long-running game of fiscal kick-the-can, however. Namely, a 100 year-old statute requires Congress to raise the ceiling for treasury borrowing periodically, but the Imperial City has now reached the point in which there is absolutely no way forward to accomplish this.

Moreover, that critical fact is ill-understood by Wall Street because it does not remotely recognize that all the debt ceiling increases since the public debt exploded after the 2008-09 crisis were an accident of the Obama presidency.

That is, surrounded by Keynesian economic advisers and big spending Democratic politicians, he had no fear of the national debt at all and obviously even believed the more debt the better.

And Obama was also able to bamboozle the establishment GOP leadership led by former Speaker Boehner into steering enough GOP votes to the “responsible” course of action.

Needless to say, Obama is gone, Boehner is gone and the 17-month debt ceiling “holiday” that they confected in October 2015 to ride Washington through the election is gone, too. What’s arrived is vicious partisan warfare, a new President who is clueless about the urgency of the debt crisis and a bloc of 50 or so Freedom Caucus Republicans who now rule Washington.

And good for them!

They genuinely fear and loathe the banana republic financial profligacy that prevails in the Imperial City, and would rip the flesh from Speaker Ryan’s face were he to go the Boehner route and try to assemble a “bipartisan” consensus for a condition-free increase in the debt ceiling.

What that means is a completely new ball game in the Imperial City that will absolutely dominate the agenda as far as the eye can see. That’s because the Freedom Caucus will insist that sweeping entitlement reforms and spending cuts …read more

Source:: Daily Reckoning feed

The post The Trump Reflation Fantasy Ends on Day 100 appeared first on Junior Mining Analyst.

Buy or Sell United Continental Holdings Stock Today?

By Rob Otman

United Continental Holdings (NYSE: UAL) is a $22 billion company today. Investors that bought shares one year ago are sitting on a 21.76% total return. That’s above the S&P 500’s return of 14.21%.

United Continental Holdings stock is beating the market, 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: United Continental Holdings reported a recent EPS growth rate of -43.75%. That’s below the industry average of 177.14%. That’s not a good sign. We like to see companies that have higher earnings growth.

Price-to-Earnings (P/E): The average price-to-earnings ratio of the airline industry is 53.19. And United Continental Holdings’ ratio comes in at 7.92. It’s trading at a better value than many of its competitors.

Debt-to-Equity: The debt-to-equity ratio for United Continental Holdings stock is 135.18. That’s below the industry average of 175.53. The company is less leveraged.

Free Cash Flow per Share Growth: United Continental Holdings has increased its FCF per share over the last year. That’s good for investors. In general, if a company is growing its FCF, it will be able to pay down debt, buy back stock, pay out more in dividends and/or invest money back into the business to help boost growth.

Profit Margins: The profit margin of United Continental Holdings comes in at 4.39% today. And generally, the higher, the better. We also like to see this margin above that of its competitors. United Continental Holdings’ profit margin is below the airline industry of 9.6%. So that’s a negative indicator for investors.

Return on Equity: Return on equity gives us a look at the amount of net income returned to shareholders. The ROE for United Continental Holdings is 25.68%, and that’s above its industry average ROE of 22.41%.

United Continental Holdings stock passes four of our six key metrics today. That’s why our Investment U Stock Grader rates it as a buy with caution.

Please note that our fundamental factor checklist is just the first step in performing your own due diligence. There are many other factors you should consider before investing. That’s why The Oxford Club offers more than a dozen newsletters and trading advisories all aimed at helping investors grow and maintain their wealth. For more details, click here.
Thoughts on this article? Leave a comment below. …read more

Source:: Investment You

The post Buy or Sell United Continental Holdings Stock Today? appeared first on Junior Mining Analyst.

Will This New Currency Replace Your Dollars?

new-currency

By Brian Kehm

In Uncle Sam we (have to) trust.

But as the war on cash picks up speed, savers are losing faith.

This is happening all across the globe. Folks are flooding into government-free currencies.

The chart above gives a recent example. It shows the increasing activity in bitcoin-rupee trading. The volume spiked after India banned high-denomination bills. This cash ban is pushing citizens toward bitcoins… but is this new currency safe?
The World’s New Currency?
Bitcoin is a digital currency that’s run on a decentralized computer network.

Governments can’t tamper with the bitcoin supply and system. This is one of two main selling points for its users.

The other major benefit is that it’s easy to use and spend. This sets it apart from more traditional government-free currencies.

Gold has long appealed to those who don’t trust the financial system… but it’s hard to use. When was the last time you went shopping with gold coins?

With bitcoins, you can buy just about anything today. Big businesses like Microsoft (Nasdaq: MSFT) keep adding new bitcoin payment options. This adoption is helping to stabilize its price.

Wide adoption is crucial for a new currency to succeed. You need buyers and sellers to trust that the money they trade will continue to have value.

Bitcoin should stabilize as more folks use it. Citizens around the world are eager for a new currency that’s beyond their governments’ reach. People are tired of getting the tail end of monetary policy.

Venezuela is a prime example today. Inflation is out of control, and it’s expected to top 1,600% this year. One Venezuelan dollar (bolívar) at the start of the year will be worth less than $0.07 at year-end. Holding bitcoins instead will better maintain buying power.

The death of physical cash is also giving governments more control.

The U.S. is funneling folks into its digital money system. Harvard professor and former Treasury Secretary Larry Summers recently published a piece in The Washington Post titled “It’s time to kill the $100 bill.”

People around the world are waking up to excessive government money control. They’re turning to new currency options.

The benefits of bitcoin are clear… but this new currency comes with downsides too. I worked with a second-generation digital currency in Beijing and have some unique insight to share…

[iu-adbox]
Bitcoin’s Big Issue
Governments can’t control the bitcoin money supply… but they can try to regulate how it’s used. Some countries, like Thailand, have tried to ban it outright.

Bitcoin regulation is a concern, but that isn’t what worries me most about its long-term sustainability.

A steady inflation rate is mathematically impossible for the currency. Bitcoin production, or “mining,” is regulated by a computer algorithm. And that algorithm puts a finite limit on the number of bitcoins that can be produced. What’s more, users can lose their bitcoins if they forget their encryption key. In other words, bitcoin is inherently deflationary. Demand will inevitably exceed supply in the long term.

Deflationary currencies are dangerous. Why would you spend money if it’s going to be worth significantly more tomorrow? Ultimately, this trait will stop bitcoin from overtaking major …read more

Source:: Investment You

The post Will This New Currency Replace Your Dollars? appeared first on Junior Mining Analyst.