Non farms productivity disappointment and higher household corporate debt
Chris Temple joins us to chat about a couple data points that were released this morning. First the US non-farms productivity disappointing at -0.5% from an estimated +0.5%. This is likely contributing to the falling US Dollar but for some reason the equity markets do not care as those are up. Also household debt increased again being lead by auto-loans and credit-card debt. These stats further drive home the continuing struggles of the US economy to spur growth.
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, 2016
Summer Drilling Program Underway
August 9, 2016 – Reno, NV – NuLegacy Gold Corporation reports drilling of the next 20 holes of the 10,000 meter (33,000 ft.) 2016 exploration program on its 100% owned Iceberg oxide gold project is underway. The primary target is the shallow Carlin-style oxidized gold mineralization within NuLegacy’s 3 km long and 0.5 km wide Iceberg gold deposit located in the Cortez gold-trend of north-central Nevada. Initial assays are anticipated last week in August NULGF
I noted SAND was up 6% this morning.
This is why:
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSSL-2396141&symbol=SSL®ion=C
CFS:
Barkersville has posted some nice drill results.
To have E.Sprott,Osisko Royalties,and Osisko mining as your major shareholders speaks volumes.
The more I read the better it gets.
If you can’t own all of them, at least own some of them.
In my opinion, you guys are looking at empty and meaningless data. The real fundamentals are with the price of oil and how it will affect junk bonds. Which in turn creates the other bank held derivatives to crash. Which then creates downgrades on certain (more important than leighman brothers or bear sterns) banks, that causes the next market crash.
And the chickens come home to roost for all of the QE recipient corporations… And VIXY looks great every Friday (win or loose) just cause I would hate to miss that Monday crash…
It’s a comin😏
How can any one person be wrong, so many times, for such a long period of time, and still have such confidence (rhetorical question, of course) ?
What if, Brian? What if oil falls and junk bonds collapse? And what if certain banks get downgraded and it causes a market crash? Am I the only one that was right?
Heh heh
I am out of leveraged oil. Been playing for 2 years with mostly bad luck. I am going to stick with leveraged gold and silver.
EXLLF closed up almost 15%.
Could I let a day go by without posting Hillary news?
http://lawnewz.com/high-profile/parents-of-benghazi-victims-sue-hillary-clinton-for-wrongful-death-defamation/