Trump’s inauguration and the economic issues he faces
John Rubino joins us today to discuss the upcoming Trump inauguration. We focus on the economic issues that Trump faces as he enters office.
Click here to visit John’s website – DollarCollapse.com.
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That would be funny if he did! Remember Yellen’s term is up at the beginning of next year so he is only stuck with her for under a year. I would not be surprised if she is around until the end of her term then quickly replaced.
Let’s throw Axel Merk’s name in the hat for consideration. He’s got a handle on currencies.
that is a lot of weapons to be hiding in the bushes………..
looks like they have been used a lot……iran contra era , afgan rejects
Jerry,
That picture of guns on the Daily Sheeple site is not what was found. That same picture I found on other sites going back several years. The guns found were a much smaller number of guns based on the articles that I read. Some rifles and some hand guns. Not dozens of assault rifles.
Hello JMiller………glad to hear from you
Circus, circus, circus
https://www.barchart.com/#/news/46422/nielsens-top-programs-for-jan-9-15
Dying Empire….
Ringling Brothers dies….
What next?
Revolt or revolution?
Fear not
The current rate to buy one oz of silver in India is $19.78
SGE silver is at $18.39
These guys talking about a huge 1929 crash and depression about to happen have been saying this since about 2009 just as the stock market bottomed.
They have cost an awful lot of people money with their constant doom-mongering.
You are very right Bob. All the gloom and doom has hurt their portfolios. It is hard to say how long it can continue to go on for.
+1 Bob UK
Sure, we are overdue for a 15-20% correction in the general markets, but it doesn’t necessitate a 1929 crash as you mentioned.
Many investors don’t believe we’ll ever see more than a 5-7% correction ever again, and the millennial staff of most investment firms probably will poop in their soup if they finally experience what a real correction is like.
We really are in uncharted waters with central banking, crazy low interest rates, and a planet with many countries shuffling for position in the pecking order. In the US markets things have been overly calm for too long now (as evidenced in the really low VIX levels), but it won’t stay like that forever. Eventually the other shoe will drop……
I just posted over below Rick Ackerman’s commentary a response to Matthew and Paul L – both who think the conventional market is about to roll over. Well, this is what I wrote:
‘Interesting thoughts from Matthew and Paul L about the DOW about to crash – but WILL it?
I am not asking you for a crystal ball answer folks 🙂 but surely we get a bullish speech on Friday from Trump about jobs, growth, building things on infrastructure and we simply see a rally of stocks like FCX, X, CENX, CBI, etc, etc, etc?
Isn’t he – the showman – simply going to talk everything up?’
I feel as if I am living in the Twilight Zone at the moment. Gosh, I would love a 10% correction – the kind we used to get regularly in the markets – to take everything down and present a buying opportunity. But we are always worrying about the markets crashing, they don’t and we are higher in a few months or weeks.
Sorry, ranting.
Bob UK. Good questions. Good rant. It will be interesting to see how things play out as the baton is passed to the showman. It will also be interesting to see what happens from the 60 protest groups that are supposed to make a big stink at the event. “Wild, wacky, wacky, stuff…..” – (said in Johnny Carson voice).
Or….
“That is some Weird, Wild, Stuff” – (said in Dana Carvey voice impersonating Johnny Carson)
I don’t see the markets crashing on Monday or next week.
Why would things change now under Trump – who is a businessman – as opposed to the 8 years under Obama? Surely the money men are going to love Trump.
I don’t necessarily see the markets crashing next week or next month either. As you mentioned, people have been blowing that horn since 2008.
Having said that, a corrective move down get underway at these lofty levels doesn’t seem that far-fetched. Will it be next week, next month, who knows.
I did add some UVXY today as a little inauguration wackiness protection….. and the VIX is a bit too complacent. The tree is due for a shakin’ …….
Sorry, I just realized your point was that Trump being a showman may the talk the markets up. Maybe, but I think investors and the media are giving him too much credit for talking the dollar down. It was overbought in the short term when it pulled back. However, I could be wrong, maybe Trump will just talk the markets into submission, in the same way the Bernanke and Yellen and Merkel and Draghiand and Abe used Central Bank Babble to talk the currencies into submission. Can’t rule it out.
The prudent thing to do is get a few adult beverages, kick up your feet, grab a snack, and enjoy the show…. 🙂
He may in fact deliver a “Make America Great Again” speech that gets everyone jazzed up.
All I know is….. People are going to need stuff, and energy to power their stuff. I like investing in companies that find stuff, or create energy for the stuff. 😉
Do you have any thoughts onFCX Excelsior – thinking of adding some more tomorrow?
(I won’t hold you to it.)
Honestly, I have no idea ( remember – nobody knows anything 🙂 where commodities or currencies are going to head once Trump takes office, but the other wildcard is the Fed meeting at the end of this month.
Personally, I’m still going after Silver/Lead/Zinc companies and thing the platinum group metals look intriguing at present, but Copper/Nickel/Tin/Aluminum/Iron are considered top-heavy by many (including ole’ Rick Rule).
*Focusing on FCX on the daily chart it is challenging because it’s been consolidating in a range really since May of last year. Always difficult to know which way it may break out, but lately it appears to have been to the upside.
When I look at the chart the 50 day Exponential Moving Average it seems like good support to buy in slightly above that level; however, the Slow Stochastics are over bought as is the Commodity Channel index (down at the bottom) – but may just stay overbought if it keeps on trucking.
The fact that the 50 day EMA crossed through the 200 day EMA is what solidified the bullish move up in the 4th Quarter of 2016 to present, and those 2 averages are moving further away in continued bullishness. Now, if the 50 day starts turning down towards the 200 day, then I’d get back out of the trade.
Translation – It isn’t cheap here and is slightly overbought, but it may well stay that way if commodities get the “infrastructure rally” from a dynamic Trump speech.
Overall FCX was quite strong the early part of 2016, was resilient the for the balance of 2016, and has started charging higher again in late 2016 into the start of this year.
Personally I’d put in tight stop loss 3-5% below your entry price, since this a stock where stop losses can be effectively utilized. I’m not a huge fan of stop losses, but in such an uncertain marketplace, where a selloff in raw commodities could get triggered by a politically charged dollar rally…. then I’d want to limit any loss, and live to fight another day.
I’d keep an eye on the US dollar for signals of where the underlying commodities may be headed (typically the commodities trade inversely to the dollar, but not always).
Good luck to you Bob UK.
Woops. Forgot the chart for FCX:
http://stockcharts.com/h-sc/ui?s=FCX&p=D&yr=1&mn=0&dy=0&id=p41132104457
Here is the FCX Weekly chart, and the Stochastics are more bullish, and the Commodity channel index is not overbought.
In addition the 30 week moving average has retaken the 50 week moving average which is also bullish.
http://stockcharts.com/h-sc/ui?s=FCX&p=W&yr=1&mn=0&dy=0&id=p83754127700
The only thing that concerns me on that weekly FCX chart is that last red “Doji” candle where it flat (because the weekly open and close were near the same pricing level). This indicates a tug-o-war between the bears and bulls, and often marks a short-term reversal in direction. You can see some of the other flat “Doji” candles did mark short duration tops and bottoms. Not always a perfect indicator, but something to consider for timing your entry. If you think back to the overbought daily chart, FCX may pull back for a short time, but medium turn it is still looking bullish on both charts.
I circled the Doji candles for reference.
Yep, FCX is down today so that Doji marked a reversal. I’d wait for it to come down and get close to the 50 day EMA and then put in a stop loss about 3-5% below your entry price to limit any losses.
(QTV) (QTRRF)Quaterra announces 2017 Drill Program at Yerington Copper Project, Nevada
“Freeport-McMoRan Nevada LLC has agreed to make accelerated option payments of up to $1.5 million. SPS has determined that these will be used to fund the 2017 drill program. Freeport Nevada is a wholly owned subsidiary of Freeport Minerals Corporation, which in turn is a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE:FCX).”
““Work will begin in the first quarter of the year and will include both reverse circulation and core drilling of a minimum of 15 holes in and around the Yerington pit, at the MacArthur deposit five miles north of the Yerington pit, and on other prospective targets identified on the Company’s large land position,” he says.
The grim reaper always has the last laugh.
Bush looks very full in the face there – whether that is some kind of cancer treatment or perhaps they are feeding him highly nutrious foods.
In one respect he does not look a well man. In another, he looks fitter than a lot of people 20 years younger.
Full face not good
Mcalvany talks about Trump and red tape.
The great count down has started…..38 hours and the zero is gone……
27 hours to show time…………………
THE GREAT COUNTDOWN to ZERO…continues………………bye, bye O ….
we need some peace before we need pm mining stocks……..jmho
no disrespect intended
And the rule of law, begins! ( republic )😉
The demo wits need to wake up…their ignorance is showing
A lot of folks (not just commicrats) need to wake up.
A simple plan for Trump might be to chop the Federal budget by 10% a year, including Federal employees, telling each department to increase their efficiency.
when you said this I had a chuckle to mysel – it may well be the answer, however, all I could envisage was that TV show yes Minister, when the Minister (in England) always used to try and reduce costs in the UK bureaucracy and the bureaucrats ALWAYS got the better of him…
Good luck haha
that is a good article………..
Military budget………..of 50% is way out of line, which we have been saying for 10 yrs.on this show……..let us see if they get the message, THe MIC needs to be trimmed way back……….
Very prescient interview. Always love John Rubino’s clarity. Have him more often! Thanks.
Fleckenstien ……silver looks to rip higher……..kwn
(JAG) (JAGGF) Jaguar Exceeds 2016 Gold Production Guidance
Company Positioned for Growth and Higher Production in 2017
January 18, 2017 – Jaguar Mining Inc. (TSX: JAG)
FY 2016 Highlights
– Record gold recovery, improving grades, and higher throughput levels positioned the Company to exceed 2016 production guidance with strong annual gold production of 96,536 ounces.
– Turmalina Gold Mine delivered 25% higher gold production of 63,186 ounces based on record gold recovery of 91.5%, a 24% increase in ore milled, and improved head grade of 4.28 grams per tonne (“g/t”).
– Record gold recovery at Caeté Complex of 90.7% and increasing grade with gold production of 33,350 ounces.
– Pilar delievered strong full year production of 27,878 ounces with improved grade of 3.35 g/t and record gold recovery of 90.8%. Increased mining development at Pilar is expected to result in production growth in 2017.
– Achieved key 2016 objectives in primary and secondary mine development, expansion, and production across assets.
– Milling capacity at Turmalina increased with the recommissioning of Mill #3 (announced January 5, 2017).
– Approved and began implementation in late 2016 of an exploration program of up to $8 million to focus on brownfield exploration targets near core assets, the majority of which will be spent in 2017.
** 2017 guidance includes: estimated 10% higher production of 100,000 – 110,000 ounces of gold, cash operating costs of $720 – $755 per ounce sold, and all-in sustaining costs of $900 – $1,000 per ounce sold.
– Strong preliminary cash balance of approximately $26.4 million as at December 31, 2016 compared to $15.3 million as at December 31, 2015.
(MQR) (MRQRF) MONARQUES GOLD INTERSECTS 12.71 G/T AU OVER 9.9 METRES (33 FEET) ON CROINOR GOLD
January 19, 2017 – MONARQUES GOLD CORPORATION (TSX-V: MQR)
“One of the best economic intersections of the current program”
#DrillPlays #Exploration #Development
The Calm Before The Match Is Lit
by @Goldfinger on January 19, 2017
https://www.ceo.ca/@goldfinger/the-calm-before-the-match-is-lit
25 hrs to go…………
…. but hey, who’s counting…. Right? 🙂
23 hrs. and 30 mins……….. 🙂
funny
Hope Trump fires Yellin on Monday……….