Have Fed Expectations Shifted To An Extreme?
Chris Temple and I address the overwhelming shift in exceptions that at the next FOMC meeting in December the Fed will switch course. Most people still think the Fed will hike rates however expectations into next year have almost completely reversed. This could all be overdone as market corrections are healthy and necessary. There are some key points Chris brings up to help everyone take a more level headed approach to year end.
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their time is up……roth says…..no more, you screwed up…….
Hilly will not run, she can not hold up …..weak legs……
2015 Total Contributions: $182.5M
2017 Total Contributions: $22.8M 😭
Meanwhile, according to a November 2016 report by the Dallas Observer, the Clinton Foundation has been under investigation by the IRS since July, 2016, while the Arkansas FBI field office has been investigating allegations of pay-for-play and tax code violations, according to The Hill.
Great balls of fire……….going to be a turkey shoot at the border…….
https://www.zerohedge.com/news/2018-11-21/white-house-authorizes-lethal-force-border
The Congressional Research Service, the non-partisan research agency for Congress, has found that “case law indicates that ‘execution of the law’ in violation of the Posse Comitatus Act occurs (a) when the Armed Forces perform tasks assigned to an organ of civil government, or (b) when the Armed Forces perform tasks assigned to them solely for purposes of civilian government.” However, the law also allows the president “to use military force to suppress insurrection or to enforce federal authority,” CRS has found. -Military Times
Powerful bullish divergence in the RSI and MACD of the gold mining stocks. At the least, it looks like a good relief rally, maybe more.:
GDXJ daily
Gold stocks really look good compared to S&P 500
GDX:$SPX weekly
For both the gold stocks and this ratio chart, I see similarity to the end of 2015…
Jordan Roy-Byrne sounds a cautionary note:
https://thedailygold.com/how-to-catch-bottoms-in-gold-stocks/
BIG OWL>>>>>>>>>>>>you find this interesting……………..Debt forgiveness
http://www.unz.com/article/everything-you-thought-you-knew-about-western-civilization-is-wrong/
“Mesopotamian societies were not interested in equality,” he told me, “but they were civilized. And they possessed the financial sophistication to understand that, since interest on loans increases exponentially, while economic growth at best follows an S-curve. This means that debtors will, if not protected by a central authority, end up becoming permanent bondservants to their creditors. So Mesopotamian kings regularly rescued debtors who were getting crushed by their debts. They knew that they needed to do this. Again and again, century after century, they proclaimed Clean Slate Amnesties.”
Jewish term…….Debt Jubilee
Forgive us our debts……
n Hebrew: It is the necessary and periodic erasure of the debts of small farmers — necessary because such farmers are, in any society in which interest on loans is calculated, inevitably subject to being impoverished, then stripped of their property, and finally reduced to servitude (including the sexual servitude of daughters and wives) by their creditors, creditors. The latter inevitably seek to effect the terminal polarization of society into an oligarchy of predatory creditors cannibalizing a sinking underclass mired in irreversible debt peonage
Understanding of our history than in our ignorance of the career of Jesus. Hence the title of the book: And Forgive Them Their Debts and the cover illustration of Jesus flogging the moneylenders — the creditors who do not forgive debts — in the Temple. For centuries English-speakers have recited the Lord’s Prayer with the assumption that they were merely asking for the forgiveness of their trespasses, their theological sins: “… and forgive us our trespasses, as we forgive those who trespass against us….” is the translation presented in the Revised Standard Version of the Bible. What is lost in translation is the fact that Jesus came “to preach the gospel to the poor … to preach the acceptable Year of the Lord”: He came, that is, to proclaim a Jubilee Year, a restoration of deror for debtors: He came to institute a Clean Slate Amnesty (which is what Hebrew דְּרוֹר connotes in this context).
Just another good reason to END THE FED………….Happy Thanksgiving…..
Why Resource Investors Should Love Royalty Companies
by @Streetcents on November 21, 2018
“Unlike traditional mining companies that are subject to input costs that vary (fuel, equipment, labour), royalty companies receives all their revenue from the agreements they negotiate and the cost of those revenues are the responsibility of a project’s owners/operators. As a result, royalty companies have high profit margins along with among the most revenue per employee of any industry. High profit margins create superior earnings growth, which has historically resulted in market-beating stock performances.”
“Also, whereas most junior mining companies have a single project in one country, royalty companies provide portfolio diversification by having agreements with several companies in different jurisdictions throughout the world. This reduces jurisdictional risk, project/production risk, and commodity-price risks that have plagued many mining companies in the past.”
https://ceo.ca/@streetcents/why-resource-investors-should-love-royalty-companies
Are Royalty Companies Better Investments Than Miners?
Nov 20, 2018 – David Cole President, CEO & Director, EMX Royalty
“Over time, royalty streaming companies have outperformed gold miners, according to David Cole, president and CEO of EMX Royalty.”
“You’d think in an efficient market that they should be priced appropriately, but over time the royalty companies have done better, haven’t they?” Cole told Kitco News on the sidelines of the Swiss Mining Institute Conference in Zurich.
RSC Mining & Mineral Exploration: Mining intelligence
Holes of the week, Holes of the month, and of 2018 (pages 9-12)
http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1dvb9nr-181120-RSC-Intel-Wk46.pdf
Zinc market enters period of peak tightness: Andy Home
Reuters | about 8 hours ago
http://www.mining.com/web/zinc-market-enters-period-peak-tightness-andy-home/
Right now I only hold one zinc play and it’s Tinka…….might need to allocate few more dollars towards zinc plays.
Doing God’s Work before the turkey burns……..
https://www.zerohedge.com/news/2018-11-22/goldmans-blankfein-met-privately-corrupt-malaysian-banker-center-1mdb-probe
Blankfein’s involvement makes two things clear: that Morgan Stanley raised a good point when it said in a downgrade of Goldman this week that investors should stay away from Goldman shares, because, as of now, it’s impossible to tell how deep this scandal will cut, and until the dust settles, the risks associated with Goldman are just too great.
Yo Temp! Your favorite airports and eateries are crowded because of credit cards. Take the cards away and see what hapoens.
Hilly and Billy……..going under the bus……..
https://www.zerohedge.com/news/2018-11-21/clinton-foundation-donations-plummet-90