Important Takeaways From The Job Numbers
The BLS jobs number today disappointing but the focus was on the household employment survey. More specifically the wage growth number that surprised to the upside and is at levels not seen since May 2009.
Chris Temple joins me to discuss what this number means for markets and more importantly what it means for the Fed. Inflation is starting to rear it’s head again!
Click here to visit Chris’s site for more valuable commentary.
Click download link to listen on this device: Download Show
Trump said last night, “We are in the calm before the storm”.
Bloomberg thinks that was in reference to Iran Nuke deal rescission. But what if it has to do with DPRK setting off more rockets, this time with Nukes on board? Or similar.
Inflation…….
Rent up, taxes up, food cost up insurance up………
John Williams has been talking about inflation for several years………
More to the gold story , than Yellen babble……..
Min. Wages…….should be around $21.00 , if you look back to 1971…….
Min Wage in 1971………………….$2.10
Osisko Mining closes $92M financing, insiders subscribe
2017-10-05 14:24 ET – News Release
Mr. John Burzynski reports
OSISKO MINING CLOSES $92.4 MILLION “BOUGHT DEAL” PRIVATE PLACEMENT OF FLOW THROUGH SHARES AND COMMON SHARES, INCLUDING OVER-ALLOTMENT OPTION
Osisko Mining Inc. has completed a bought deal brokered private placement of (i) an aggregate of 8,487,800 common shares of the corporation that will qualify as flow-through shares (within the meaning of subsection 66 (15) of the Income Tax Act (Canada)) for aggregate gross proceeds of approximately $57.4-million, and (ii) an aggregate of 8,334,450 common shares of the corporation at an issue price of $4.20 per common share for aggregate gross proceeds of approximately $35-million. The flow-through shares were issued in two tranches, whereby the first tranche consisted of 6,638,950 flow-through shares at an issue price of $6.93 per tranche one flow-through share and the second tranche consisted of 1,848,850 tranche two flow-through shares at an issue price of $6.14 per flow-through share.
Tide change……………US ends exercise with Saudi
http://www.zerohedge.com/news/2017-10-06/one-day-after-historic-saudi-russian-summit-us-suspends-military-exercises-arab-alli
Good………get the hell out, and stop the expansion ……..were is the $21 Trillion
Jerry:
Some of the money is hid in the 9/11 cover up.Everybody was paid.
I bet a lot of money…….Rummy was nervous when he said $2 billion missing, but, he meant $2 Trillion……
What is the ding dong doing with a personal phone…….
Friday wrap up……..with a funny
Moron Overboard
http://www.zerohedge.com/news/2017-10-06/operation-moron-overboard-begins
John……let me know if you have seen this anywhere……..thank OOTB
Jerry:
Kevin Shipp is no doubt a selling a book. He reminds me of James Rickards.
Once CIA, always CIA. There are no exceptions.
Mr Shipp provides us with some very telling information about the Deep State and the Shadow Government.
Allen Dulles and Chuck Shumer are part of the New York swamp I referenced earlier.
When Mr Shipp states that CIA Director passed President Bush false info about 9/11 is where the story goes bad.
The University of Alaska Fairbanks Researcher PhD. Leroy Hulsey assisted by two Grad students has released a study disputing the NIST report.
Yesterday Architects and Engineers released a video that clearly points out that the NIST report was a sham and designed to fail.
From the perseverance of people like the Father of Bobby Mcilvane,we have a path to 9/11 justice.
The implications of building 7 being a controlled demolition are staggering.
Those that continue to promote the 9/11 report are not Patriots but rather traitors.
When Mr Shipp states that CIA Director passed President Bush false info about 9/11 is where the story goes bad.
Good Point………………thanks
The implications of building 7 being a controlled demolition are staggering………AGREE
Yesterday Architects and Engineers released a video that clearly points out that the NIST report was a sham and designed to fail…………..Seen that, and agree
The University of Alaska Fairbanks Researcher PhD. Leroy Hulsey assisted by two Grad students has released a study disputing the NIST report.
Saw this one also…………..I would have to agree
Gold reversed at the 233 day EMA today and looks like it will go higher for awhile even if it is not yet ready for a big move. I recently said that it wouldn’t spend much time below 1270 and, so far, it hasn’t.
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=0&mn=11&dy=0&id=p57287561330
The sector is acting quite bullishly with the miners generally finishing the week up 3% even though gold finished down (.77%).
http://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=0&mn=11&dy=0&id=p35988223018&a=541768212
…also looks great versus gold:
http://stockcharts.com/h-sc/ui?s=GDXJ%3A%24GOLD&p=W&yr=2&mn=7&dy=11&id=p06888773558
Despite being down more than 8% since last month’s high, silver is still up 17% since the 7/7/17 low… and looks good to go…
http://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=4&dy=0&id=p05124199736&a=500462915
USAS closed just above its 9/15 gap…
http://stockcharts.com/h-sc/ui?s=USAS&p=D&yr=0&mn=9&dy=13&id=p33419815098&a=510636449
IPT is getting it together:
http://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=2&dy=0&id=p82742374579&a=517725786
Its bullish fate will probably be sealed next week…
http://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=2&mn=2&dy=0&id=p72740240260&a=548908867
As always, thanks for the great charts, Matthew.
I have to admit … I re-entered a position on IPT -pretty much the same price when I bought it in 2016. I have resolved some of my concerns about Mexico-based Silver producers, and I believe it is a solid, ethical company. I could be wrong, of course – and would lsten to arguments, otherwise.
On the same note, I feel that ASM and USAS are fundamentally good companies, but do not have the potential upside of IPT. I would stay away from EXN, due to past issues with the local communities (however, they may have improved relations in the past couple years).
Onward !
I obviously agree with your positive view of IPT and also agree with your assessment of ASM and USAS (I don’t follow EXN so I have no opinion there).
Big moves ahead for IPT and silver stocks in general…
http://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=5&mn=6&dy=0&id=p00510625772&a=533204677
Good discussion guys. I own IPT, ASM, USAS, and EXN that you were discussing (and a whole lot more 🙂 ) I like them all for different reasons.
Good news, Spanky, your EXK looks great…
http://stockcharts.com/h-sc/ui?s=EXK&p=D&yr=1&mn=3&dy=22&id=p43482213144&a=538037431
That breakout does not yet show on the weekly chart, for some reason, but I bet it will in one week.
http://stockcharts.com/h-sc/ui?s=EXK&p=W&yr=2&mn=2&dy=22&id=p66667534244&a=548913004
That’s good to see, as EXK is one that I’ve traded a few times this year, but repositioned in at the end of the Summer Doldrums. So far it is has been a little bump up, but I expect a larger rally once the Silver sector wakes back up on the next impulse leg upwards.
A move above 210 should be very good for the HUI…
http://stockcharts.com/h-sc/ui?s=%24HUI&p=W&yr=6&mn=11&dy=0&id=p71751842623&a=534088579
It looks like IPT just put in a double-bottom, and could take off to upside in the near future.
W
The big backtest is probably over…
http://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=7&mn=7&dy=0&id=p17361705133&a=544288722
Speed lines and two forks in play…
http://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=3&mn=5&dy=22&id=p51347106261&a=533531451
At least there is sound this time, Cory!