Noteworthy Market Closes This Week
Chris Temple wraps up the market focusing on some major markets that are closing the week at multi year or all time highs. We look at the USD, yields (especially the 10 year), and the Russell 2000. All with an assessment of the overall strength of the US markets.
Click download link to listen on this device: Download Show
BTW – That should have said Peter Schiff up above.
Get ready for the rant…..
Some of the biggest money managers aren’t playing the gold markets. @RenitaDYoung explains why in this week’s #GoldWatch
Day 1 Commodity focus: Gold investment outlook 2018 #VIDEO
121 Mining Investment Hong Kong – May 17, 2018 #PanelDiscussion
Day 1 Fund Panel: Strategies for an Emerging Bull Market #VIDEO
121 Mining Investment Hong Kong – May 17, 2018 #PanelDiscussion
Mining Stock Education: Documenting One Man’s Investing Journey
Trevor Hall May 14, 2018
Taxing the companies that succeed for each employee to steal from the workers and productive members of society and give it to people contributing very little.
Redistribution of wealth in full gear….
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Amazon’s number: Inside the battle over Seattle’s head tax
May 17, 2018
“González was pressing for more money to fund low-income housing and homeless programs. She and four colleagues had proposed a tax of $500 but had been blocked by the remainder of the council and the threat of a Durkan veto.”
“Big-business leaders were vehemently opposing what they called a “tax on jobs.”
“The company had paused planning on an office tower over the prospect of a $500-per-employee tax, and Durkan was determined to get the project and its union construction jobs back on track.”
“By Monday, all nine council members had thrown their support behind a tax of $275 per employee — agreeing to a compromise between social-justice activists and business leaders that pleased Durkan, only somewhat appeased Amazon and left González wondering whether she should have held out for more.”
“The tax, which Durkan signed into law Wednesday, will be imposed from 2019 through 2023 on companies that gross more than $20 million per year in Seattle and will raise an estimated $47 million annually.”
After taxing companies for having productive workers, which punishes the companies, discourages new hires or the ability to give raises, then these same do-gooders and money grabbers will probably demand higher wages next not realizing those 2 things don’t really go together nicely.
Ah come on, Ex. Doncha know the Gooberment knows best? And besides, everything they do is for the childern….and saaaaafety. And no matter how high taxes are, they are never high enough. Same goes for Gooberment spending…speaking of which what happened to Trumpy’s infraaaastructure crusade? Haven’t heard a peep about it in over a year.
Guess all Trumpy’s infraaastructure pork barrel money is headed to Afghanistan to buy more drugs…er…build more roads.
haha! Yes they are doing for the children 🙂
Good point about the infraaaaastructure project (or lack there of).
Yes, it is the new “Pork Barrel to to Afghan Poppies” project.
Absolutely they will, Excelsior.
A liberal I know supports the $15 min wage, and unlimited immigration, though he does concede ‘Some say immigration drives down wages,’ as if that were a dubious proposition. And this man has a PhD.
Yep, its amazing most can’t think through basic “cause and effect” relationships on what their “progressive” policie due to disrupt and unravel a function marketplace.
When a government forces the free market to adapt anti-business policies, abstract thresholds in hiring/wages/health insurance models/mandates, then it actually discourages real job raises and job growth.
In addition, when government turns a blind to illegal immigration, the miss the point that these illegals compete with local citizens to scoop up jobs, create unfair competitive advantages for the businesses that employ them, and a disadvantage to the companies playing by the rule of law. These illegal workers often do not pay taxes, and send their money outside of the community and often outside of the country, and pulls money out of circulation in that economy. This actually punishes legal citizens trying to compete in the supposedly free market for jobs and is a detriment, not a positive.
due = do. I think “doo-doo” sums up the current policies nicely though. 😉
Such a PhD from a facility of higher indoctrination is nothing but a weapon of the elite planners.
I posted a zerohedge article yesterday………….
Friday………..that said……..66% of all the jobs in the USA, pay less than $20 per hour.
f 43 percent of all Americans cannot even afford “the basics”, what does that say about the true state of the U.S. economy?
Of course the biggest reason why so many American families are struggling is the lack of good jobs.
Gold Attempts to Find Price Support
Gary Wagner – May 18, 2018 #TechnicalAnalyis #Charts #Video
https://thegoldforecast.com/video/gold-attempts-find-price-support
Junior Miners Leapfrog Over Bullion
Morris Hubbartt – May 18, 2018
Super Force #PreciousMetals
The Lithium Cartel Should Be Stopped
Why are we so relaxed about an emerging oligopoly in the key battery element?
David Fickling – May 18, 2018
https://www.bloomberg.com/amp/view/articles/2018-05-18/time-to-block-the-lithium-cartel?
The Northern Miner Podcast – episode 105: Cobalt & Lithium
ft Milewski, Bourassa, Goad, Gordon and Hooper
John Cumming May 18, 2018
Day 1 Commodity focus: Battery Materials #VIDEO
121 Mining Investment Hong Kong – May 17, 2018 #PanelDiscussion
Day 2 Nickel Panel #VIDEO
121 Mining Investment Hong Kong 2018
A Lithium Industry in Australia
30 January 2018
https://amec.org.au/Public/Advocacy/AMEC_Submissions/A_lithium_Industry_in_Australia.aspx
Hawaii National Guard Whistleblowers Warn Friends, Family Of Imminent Power-Plant Explosion, Tsunami
Fri, 05/18/2018
“The highly-controversial Puna Geothermal Venture (PGV) geothermal power plant has become a major issue of concern among U.S. government insiders who fear an imminent explosion of the plant may cause a massive tsunami and wreak havoc in the region due to the recent uptick in volcanic activity on Mount Kilauea.”
“2 days ago, lava was close…”
“What officials aren’t telling you is that PGV contains tens of thousands of gallons of highly flammable solvents which it uses to power its turbines. If earthquakes, eruptions, or fire cause this solvent to ignite it would trigger a massive explosion which National Guard/Civil Defense whistle-blowers fear will cause a massive tidal wave which would in turn threaten the Hawaiian Islands and the lives of people in the region.”
“A friend who received the alert from two different whistle-blowers immediately notified family members via a text message telling them to “be prepared.”
U.S. regulator approves first small modular Nuclear reactor
“Jose Reyes, co-founder and chief technology officer of NuScale Power, discusses his company’s development of a small modular reactor, which recently passed an intensive Phase 1 review by the U.S. Nuclear Regulatory Commission.”
https://www.bnnbloomberg.ca/video/u-s-regulator-approves-first-small-modular-nuclear-reactor~1397845
‘If it looks like a duck, and walks like a duck …’ – Middelkoop on Pilbara gold
Richard Roberts
“Many people in Australia have been very reluctant to make comparisons between South Africa’s Witwatersrand Basin – which has so far yielded 40,000 tonnes of gold – and an Australian twin in the Pilbara, but Swiss-born Dutch investor and founder of the Commodity Discovery Fund, Willem Middelkoop wasn’t one of them this week.”
Gold – is the (discovery) romance gone? Tapped Out?
by Greg Nolan @dirkdiggler on May 18, 2018
“There’s been a fair amount of ruminating on the subject of ‘Peak Gold’ lately, how the industry’s most productive years may well be behind us. ”
“It’s a disconcerting thought for some.”
“Others – geo types who’s insights are significantly more valid than my own – consider the Peak Gold theory to be pure bunk, lazy thinking… judging by some of the comments I’ve read online recently.”
“There are a number of supportive opinions out there though….”
https://ceo.ca/@dirkdiggler/gold-is-the-discovery-romance-gone
No money for gold or silver …………66% of Jobs pay less than $20 Hour…….
https://www.zerohedge.com/news/2018-05-18/nearly-51-million-households-united-states-cant-afford-basics-rent-and-food
In America today, 66 percent of all jobs pay less than 20 dollars an hour.
66 percent.
f 43 percent of all Americans cannot even afford “the basics”, what does that say about the true state of the U.S. economy?
Of course the biggest reason why so many American families are struggling is the lack of good jobs.
I trust you are doing well Jerry. I have to disagree with you in part. I think the biggest reason why so many Americans are struggling is mostly their own fault by making bad decisions in life, wasting money, not improving themselves by getting an education or skills needed for a better job, not willing to relocate etc…
Hello JMiller……….
I am doing fine, and hope you are doing fine………..
and thanks for asking.
The above is a extract from zerohedge…….none of the comments are mine.
But , I do have to agree with you on your comments……American is full of all the people you describe.
The Holy Grail of Investing
Bob Moriarty – May 17, 2018
“For the last couple of months I have been hoping for a minor crash in the price of the metals. We need that. We need to run all the stops and expunge all the overzealous PermaBulls before we can start the next drive higher. I was looking for a low in the June/July timeframe. We tend to have two lows a year, once in the summer and once at the end of the year. I am on record as telling people to look for a DSI below 10.”
“On May 15th we got a new low for the year of 10 for both gold and silver. That does not mean they will turn today. That does not mean the DSI can’t go to 5 or 6 or lower. It just means a low for the metals is nearby and the DSI will mark it as it always does.”
“It really is the Holy Grail.”
http://www.321gold.com/editorials/moriarty/moriarty051718.html
(RPM) (RPMGF) Rye Patch Announces Shareholder Approval of Plan of Arrangement
by @newswire on May 18, 2018
“Rye Patch Gold Corp. is pleased to announce that shareholders have voted in favour of the necessary resolutions for the arrangement between (ALO) Alio Gold Inc. and Rye Patch previously announced on March 19, 2018.”
“The Arrangement was approved by approximately 99.32% of votes cast by Rye Patch shareholders and 99.31% of votes cast by disinterested Rye Patch shareholders.”
“The Arrangement is expected to close on or about May 25, 2018”
https://ceo.ca/@newswire/rye-patch-announces-shareholder-approval-of-plan-of
$ALO Alio Gold Inc. – Greg McCunn, CEO
April 18, 2018 – European Gold Forum – Corporate Presentation
#Gold #Producer #Developer #Mexico #TakeOver of $RPM assets in #Nevada
https://s3-us-west-2.amazonaws.com/denvergold/videos/egf18/egf18_136.mp4
Nuclear: The Global Clean Energy Workhorse
May 17, 2018 – by Rich Powell
“Nuclear power is finally being sufficiently recognized as the workhorse of the global clean energy sector, thanks to efforts by Energy Secretary Rick Perry and governments such as Japan and Canada at this year’s Clean Energy Ministerial in Copenhagen, the ninth annual gathering of 24 of the world’s largest economies to discuss scaling up clean energy technologies. But nuclear power won’t look like it does now if it’s going to achieve its full potential in anchoring a global clean energy system.”
“ClearPath Executive Director Rich Powell explains that the virtues of the current nuclear fleet – namely its carbon-free power and 24/7 reliability – must be coupled with ever-changing demands of our global energy industry. That includes new technologies that make it smaller and highly scalable for use in cities and remote areas and allow for high-temperature use to decarbonize heavy industrial processes.”
https://clearpath.org/jay-and-richs-take/nuclear-the-global-clean-energy-workhorse/
sign me up
Interest Rates Are About to Shoot Through The Roof –
Cambridge House International Inc. – May 17, 2018
“…the “Calm Before the Storm” and his prediction that interest rates are about to shoot through the roof and depress the economy to record lows.”
https://www.youtube.com/watch?v=CvMyiBw8R18&t=1s