On this Weekend Special we discuss economics with Craig Hemke aka Turd Ferguson
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Just how much credence was contained in yesterday’s employment report. What are the chances of two more rate hikes this year as predicted by some of the Fed governors?
+1
I saw an interview on London Real with Andreas Antonopoulos (internet security guy for Bitcoin). He said that the next step for UBER will be for self-writing software for self-driving cars that will allow people from anywhere to own a selfdriving car and run there business from anywhere. This is going to destroy all cab jobs everywhere!
Yes only slowly and give you a electronic city jobs !
Day coming Back ! https://www.youtube.com/watch?v=MreW3V1GkeY
Frankie…….see if you can find a picture of GEN. IKE Eisenhower’s death camp of 1.7 million german prisoners ……
We need to get fair and balance….
The winer deceive and lair gain ! The winer raid the history you know ! You know !
Sleep nice boys i off !
30 OR 35 hours a week?….I thought , full time employee was more than 35 hours a week…………..did it change?
I believe that each employer determines what they consider to be full-time. Some say 40 hours a week, some say 35 or 36 hours. However when it comes to healthcare insurance, if an employee works an average of 30 hours a week or more, they are considered full-time which means that large employers must provide health insurance or pay a monthly penalty. I do not believe that working 30 hours a week entitles the employee to other benefits that real full-time employees get.
thanks for the info……….
Thanks for the clarification Mr Miller
FAKE FED………..worthless reporting for more than 10 yrs……….
Craig is sure hopped up on metals. And he sure does have a slanted bias in just about every sentence he utters. It’s just bull, bull, bull……but does he really believe what he is saying?
I bet you are glad , I told OWL to get him on the show……………..
I cannot stand to listen to such a crock of one sided…….
Fair and balanced……….The bulls have TURD……….The bears have BIRD…… 🙂
just joking…………….hope you are enjoying the evening…
Thanks Jerry, that is a good one!
Funny one, OOTB…!!
I like Turd, but I’m with the Bird regarding gold. ( still a bear )
Good one Jerry. I liked that.
Maybe, you could ask OWL, if you could have a debate with TURD……….”THE BIRD TURD DEBATE 2016″.
I think it would be more interesting than a debate with BILL Murphy and Jeff Christians……
Not possible Jerry. I would argue with almost every single sentence he uttered. We would get nowhere at all.
Sorry. But he just comes across is disingenuous and manipulative.
I understand…..
NICE ! BUY REAL GOLD !
Jerry, I think that is hilarious,” NOW PRESENTING THE HEAVYWEIGHT TITLE OF THE WORLD OF BS” In this corner we have The Bird and in the other corner we have his competitor, The Turd. DT
I put facts on these pages Dick and I back up my contentions with self explanatory charts. Why don’t you try that for a change instead of offering the usual imbecilic, limp-wrist insults?
THE FLIGHT out of JUNK BONDS…….biggest in history………into gold……zerohedge
I Give you a topper ! Maddona ! Sorry Madonna ! https://www.youtube.com/watch?v=2vKhXxgoxOM
I do not see where this has anything to do with Junk bonds………..except it is JUNK NEWS………
I like how Craig always focuses on the facts. And for me, his former brokerage background gives credence to his current views on gold.
Gold “Flight To Safety” Surges Amid Biggest Junk Bond Outflows In History
Something happened this week that has never happened before. While outflows from equity ETFs soared, the $3.6 billion redemptions from high yield bond ETF HYG this last few days is the largest ever – almost twice as big as the previous largest outflows (seen in May last year).
The last week saw the biggest outflows from the high-yield bond ETF (HYG) ever…
http://www.zerohedge.com/news/2016-05-07/gold-flight-safety-surges-amid-biggest-junk-bond-outflows-history
And cue…..tears and regret……
BIT: If a guy starts a piece talking about “Comex Banks” just how much credence would you give to his views on anything? These guys just make stuff up. Comex is an exchange and has nothing to do with a bank.
Birdman gets it. You don’t.
+1
Bob, he was being satirical! Come on man!
Sure AL and the guys who invented the concept of “naked shorts” in commodities were making a joke as were the people talking about a “Comex Default.”
They didn’t invent those terms through ignorance of how markets work, it was just a joke to see who got it.
Opinions are luxuries that can mislead us from what’s actually happening. Fact number one, the trend is still up. Nothing suggests it has reversed in gold. Why one would want to attack Craig Hemke for that I just can’t understand. Except someone talking their position.
Derrick:
Why does everyone here start reading things into anyone who disturbs their view of the world? Hemke wants to invent a new concept as daft as naked shorts or Comex default in calling for Comex banks when there is no such thing. that has zero to do with if i agree or disagree with a trend in gold. Nothing, Nada,
You called it right Al, Craig was being satirical.
Know you and Moriarty are friends, but lately Bob sounds like he is standing still next to guys like Hemke and Holter, or perhaps his hemorrhoids are are acting up and making him way crankier than usual….
No, I think like a lot of us that Bob is just sick of people spreading misinformation on a topic most people don’t understand. Do we really need to guess that Hemke was being satirical or speaking tongue in cheek during an interview where he asserts himself so forcefully and with such confidence?
Agree or disagree, I enjoy talking with him!
No problem Al….we are all opinionated here!
You guys are too funny. The Comex Gold Bank –
ALL OF YOU KNOW what a “Comex Bank” is. It’s the lingo that we use here
The C/C/C: The coalition of the CME Group, The Comex and The Bullion Banking Cartel.
Calvin: Our term for what others call a “dead cat bounce”.
FOAD: Fat, Old, Arrogant, Douchebag. Any powerful media or financial guru who, after years of Fed-induced easy money, has become a closed-minded slave to the status quo.
I would like to hear a dialogue between Avi and Craig regarding whether there is possible manipulation in the gold/silver market. Both appear to have solid positions that are opposite to one another.
Correlation between TLT and gold prices has been rising, which means that gold prices should advance as interest rates lower. There is still a huge spread between treasuries and gold to make up, but the miners have an even larger spread to make up.
Depends on the time frame Fran. The Ten Year has just peaked and will now decline for most of the month of May meaning that over the short term rates will be on the rise. And that does coincide with a top in gold, silver and miners so May will not be kind to metals if that correlation holds.
I’ve heard ‘the ten year has peaked, it’s all over for gold’ just about every second week during the entire bull market. It’s a crank observation.
Not “The” peak Fran. I am talking about a short term trend obviously. Notice I said the word “May” in my post.
You say may, I say potatoe.
+1 FranSix and it doesn’t hurt that TLT is a sell when priced in gold.
Death of the Gold Market
Reforming the LBMA and the true price of physical gold/MylchreestReport-05-2016.pdf
‘Executive Summary
Using data from the LBMA and Bank of England on gold stored in London vaults and net UK
gold export data from HM Revenue & Customs, we estimate that the “float” of physical gold in London (excluding gold owned by ETFs and central banks) has recently declined to +/- zero.
LME Zinc Stocks Falling: Zinc Bull Run on the Horizon?
Many of the Silver and Copper miners with large Zinc credits will have a nice multiplier effect and potential advantages in costs of their primary commodity as a result. I’ve been interested in projects with nice Zinc credits for the last year or so and always like seeing a large component in the mix with polymetallic projects.
EX, what do you think of the Nevsun-Reservoir merger? Added to my Nsu position @ noon @ $3.20 today. Nice Zinc deposit in development with NSU.
Yes, I think it was an excellent deployment of capital for Nevsun to acquire Reservoir, and we had discussed Reservoir as a takeout candidate in the past and then John Kaiser had mentioned it as well when he was on. Many people felt Nevsun needed to acquire somebody with their cash reserves and diversify out of Eritrea, and they have proven themselves in operating in higher-risk jurisdictions so Reservoir makes sense.
A job ! Uber Driver https://www.youtube.com/watch?v=oHwKzrehGaw No hope !