Stretched to the LimitThere are good reasons to suspect that the bull market in US equities has been stretched to the limit. These include inter alia: high fundamental valuation levels, as e.g. illustrated by the Shiller P/E ratio (a.k.a. "CAPE"/ cyclically adjusted P/E); rising interest rates; and the maturity of the advance. The end of an era - a little review of the mother of modern crash pat...Read More
By David HaggithHow inflated with debt have we become? How long can we float on our own bloat? Reasonably trim in 1970, the sum of all debt publicly financed by the US government was $275 billion. Last week, the government sought to raise $258 billion in just one week! The weekly financing to keep the government afloat is now about equal to all the debt it amassed over the course of its first 18...Read More
Kevin O'Leary weighs in on the impact of proposed steel and aluminum tariffs on businesses in the U.S. and Canada.Kevin O'Leary is a Canadian businessman, investor, and television personality. From his basement, he launched SoftKey Software Products and In 1999 Kevin sold his company to the Mattel Toy Company for a staggering 3.7 billion dollars, one of the largest deals ever done in the consumer...Read More
By John Mauldin'80s FlashbackData from AfarNot TheoreticalSome Thoughts on the Trump TariffsSan Diego and the Strategic Investment ConferenceI'm going to wrap up our series on the problems of collecting and analyzing data in the first half of this letter, and then I'll quickly comment on the Trump tariffs. I think both topics will feature in this week's Strategic Investment Conference. At the en...Read More
Gold output from Australia, the world's second-largest producer, may rise to a record this year as a stream of new projects come online, Australian mining consultancy Surbiton Associates said on Sunday.Australian gold miners, among the lowest cost globally, have enjoyed high margins in recent years, boosting output as a strengthening U.S. dollar supercharged Australian dollar prices which were the...Read More
"If the Federal Reserve or any of these central banks were in control, do you think we would be in the situation we are in right now? Absolutely not. All they have done is liquefy the world with debt and buy everything they can to keep this propped up. This is not control. This is some kind of a Frankenstein they have created by trying to prop everything up."Gregory Mannarino started his financial...Read More
Now that equities are behaving the way they should have since, oh, 2013 - volatile with a pronounced down bias - everyone is wondering how far the crazy will go before the Fed starts buying the S&P 500.Short sellers, of course, want to know when to close out their at-long-last-profitable bets (see David Einhorn). Cautious investors (see Warren Buffett) with money on the sidelines want to know wh...Read More
Lundin Gold Inc has a hearty appetite for growth even as the Canadian miner focuses on building its first mine in Ecuador on time and budget, Chief Executive Ron Hochstein said on Sunday."We want to grow to be an at least 1-million-ounce-a-year producer with three to four operations," Hochstein said in an interview with Reuters at the Prospectors and Developers Association of Canada mining show in...Read More
Goldmoney's Head of Research, Alasdair Macleod, shares his thoughts on the Oil-Yuan Futures and the implications for gold. Read More
One year ago Vancouver-based Northern Empire (TSXV:NM) paid Imperial Metals Corporation US$10 million to acquire a 100% interest in the Sterling Gold Property.Due to Imperial Metals coping with Mount Polley tailings spill and ramping up Red Chris Mine, the non-core project didn't receive much attention over nearly two decades of ownership by the BC copper company.Work has now begun in earnest at S...Read More
By Dave KranzlerDr. Paul Craig Roberts sent me an article by Catherine Austin Fitts and asked if I had read it. The article is titled, "The State of America's Pension Funds." The article is worth reading, though I believe Ms. Fitts underestimates significantly the degree to which political and Wall Street criminality - along with money management incompetence - has infected and destroyed the U...Read More
By Gary SavageThis video details my longer term projections for numerous markets including the Nasdaq Index, Semiconductor Index, SPX 500, Commodities Index and Gold.https://blog.smartmoneytrackerpremium.com/ Read More
If you keep messing with our free speech @jack I will build a team to create a Twitter alternative, without censorship. Twitter could be toast within aContinue...Read More
Alex Jones explains the real agenda behind the censorship after Infowars was hit with a third strike on its YouTube channel and faces deletion.Continue...Read More
I was going to take another week off, but then this week seemed worthwhile to comment on. For one thing, the current correction is obviously different from the others seen in the Dow Jones' BEV chart below. From a BEV Zero to a 10% decline in only nine trading days. A 10% move in a BEV plot is nothing big, but seeing one take place in only nine days is worthy of note. Then the bulls take the BEV p...Read More
Now that equities are behaving the way they should have since, oh, 2013 - volatile with a pronounced down bias - everyone is wondering how far the crazy will go before the Fed starts buying the S&P 500.Continue...Read More