Rick feels that the equities markets are full of hot air and Big Al feels that if the optimism existing in the equities sector combines with proven infrastructure spending we will be okay.
Share buybacks certainly do not contribute to the economic growth that the U.S. needs as Rick Ackerman points out. Big Al asks the question: “if the optimism surrounding the U.S. equities markets is coupled with a serious program of infrastructure spending wouldn’t the results be positive? What do you think?
Click download link to listen on this device: Download Show
World Peace!
Running for a beauty pageant?
No, actually someone told me in answer to a question similar to your’s, “World Peace and a night with Annette Funicello”!
I thought that was really funny!
try another world Al. lol
I will be in another world soon enough. Bring it on!
Gold up, Silver up.
What more could you want?
Democrats and Republicans working together.
Now there’s a real American Dreamer.
No, a dreamer who has had his daily two Jack Daniels on the rocks!
Democrats will vote NOT to increase budgetary spending…….?.!.?
Behaving like Republicans.
No. Just Opposing anything, everything Trump.
Obama is in full Alinski mode:
This despicable ex-president will continue to divide the country.
Some of the contributors are interesting people, you must admit Professor
Very interesting.
Some not given by name in the Cite are at:
http://pumasprings.com/
Please tell me about that winery. I am pretty familiar with the Sonoma Valley and am not familiar with it.
Any comments on Joe Rociolli’s winery?
ofa.us
Where to get your marching orders from obama.
The Dow hasn’t been so overbought since 2013 but it still wouldn’t surprise me if it manages to rise another 1,000 points pretty quickly. However, I believe that such a move would likely mark a significant high.
http://stockcharts.com/h-sc/ui?s=%24INDU&p=W&yr=3&mn=11&dy=22&id=p59305726166&a=489739687
With the Shiller PE currently above 29, the conventional stock market is no place for value investors.
http://stockcharts.com/h-sc/ui?s=%24INDU&p=W&yr=6&mn=0&dy=0&id=p02229691379&a=421704680
But stocks are the best deadman standing…….the only place to earn something.
For now.
http://www.multpl.com/s-p-500-earnings-yield
I kind of feel that way. I do think that you have to be a good stock picker and be ready to move whenever you feel it is necessary to avoid a meaningful crash.
Why Chasing Yield Is a Bad Idea
https://rodgers-associates.com/blog/chasing-yield-is-a-bad-idea/
A trailing stop order may have some downside, but it does provide a lot of protection.
Chasing yield usually means chasing trouble
https://www.ft.com/content/4c5d8966-2124-11e3-a92a-00144feab7de
Good points, Matthew
uber will end, just time.
was it the facebook fellow? that said robots need to pay taxes.
bout time someone said it out loud.
40% of jobs are going to be eliminated in the not too distant future, thats alot of tax revenue lost.
That’s at least a 10 year projection, b.
A lot will go wrong long before 2027.
I will be happy to get past April of this year!
I really have no problem with uber in that it does certainly promote entrepreneurship and provide employment and thus tax revenues.
Spot on comments today, Rick!
The buybacks and ZIRP rotating trillions in fraudulent stock prices. And it will have a bad ending for those left holding the bag. The big question is, who are these corporations buying their stocks back from? 😏
Who was it that recently pointed out that insider selling was 65x insider buying?
+ 65
you’re showing your age……. 🙂
😮
Now you are talking about Big Al Excelsior!
Ha! No, that’s 65+ (an exclusive club)
Cheers Big Al.
Happens when a company buys a lot of its stock back; raises the price of the stock; and, insiders simply ride the tide.
Bingo.
Abitibi Royalties Update on Canadian Malartic Mine Royalties Plus Two New Royalties Acquired Near the Rainy River Mine & 777 Mine
(Marketwired – Feb. 21, 2017) –
:Abitibi Royalties Inc. (RZZ) (ATBYF) is pleased to provide an update on the Company’s various assets, including its net smelter royalties (“NSR”) at the Canadian Malartic Mine, near Val-d’Or, Québec. In addition, the Company has acquired two new royalties, which are located near New Gold’s Rainy River Mine and Hudbay’s 777 Mine.
> Malartic CHL – Odyssey North Zone (3% NSR)
a) Initial Resource Estimate Odyssey Property
b) New Internal Zone
> Update on Barnat Extension and Jeffrey Deposits (3% NSR)
> Possible Production Near Pit Zones 2018-2020 (2-3% NSR)
** Abitibi “Royalty Search” – Two New Royalties Acquired
– The Company has acquired two additional NSRs near existing mines in Canada through the Royalty Search. The first agreement, in partnership with AuRico Metals Inc., gives each company a 0.75% NSR on 9 exploration properties located throughout the Rainy River district in Ontario, located near New Gold’s Rainy River Mine.
– The second NSR is an additional 1% royalty on Nordic Minerals Ltd. exploration property located approximately 5 kilometres southwest of Hudbay Minerals Inc.’s 777 mine in Manitoba.
Obviously this is also great news for Golden Valley Mines (GZZ) (GLVMF) as they own half of Abitibi Royalties (RZZ).
Nice!
Sell on news obviously….q2 will give better info re: drill results
* Here is a 1 year Bar Chart showing how the ~prospectgenerator and #Royalty companies have fared. $GZZ & $RZZ still leading the pack…..
I stand corrected …. I had posted that earlier in a chat on ceo and hadn’t seen how the closing prices changed things. Millrock bumped Abitibi into 3rd place, but Golden Valley Mines is still in Pole Position. I’m also impressed with Eurasian’s rise lately. Fun times!
Ira Epstein TA morning update:
https://youtu.be/RCxRKbvVjFs?t=33
I don’t think the Anemoi favor me.
I move from the midwest to California for better weather, and all I get is rain and Chicago is in the seventies!
Yeh, but Chicago doesn’t hold a candle to Hieldsburg!
Even the museum is great not to mention the restaurants and wineries and that great hilly golf course just barely outside of town!
West Kirkland Mining Enters Agreement for Lease of Water Rights Hasbrouck Open Pit Heap Leach Gold Project, Nevada
(Marketwired – Feb. 21, 2017)
The Hasbrouck Project consists of the Hasbrouck Mine, Three Hills Mine, and surrounding land package, all located near Tonopah, Nevada. All dollar values presented in this news release are U.S. dollars and are presented on a 100% project basis.
Highlights include:
– Low initial capital cost of $47 million with a 12-month construction period
– Open pit mining with minimal pre-stripping and an overall stripping ratio of 1.1:1
– 594,000 recoverable gold equivalent ounces*
– 74,000 gold equivalent ounces* produced annually for eight years
– $717 All-in Sustaining Cost per Au ounce
– Robust 2016 pre-feasibility study indicating after-tax NPV (5%) of $120 million and a 43% IRR
– $1,275/oz Au and $18.21/oz Ag metal price assumptions
– Good exploration potential proximal to the Three Hills permitted pit
West Kirkland Mining – Corporate Presentation:
West Kirkland Mining – Introduction & Background
• April 2014: Acquired 75% interest in Hasbrouck from Allied Nevada in a distressed sale for $20M USD
• June 2015: Pre-Feasibility Study Completed – Mine Development Associates (MDA)
• June 2015: Waterton Precious Metals Fund II acquires 25% interest in Hasbrouck from Allied Nevada in bankruptcy process
• November 2015: Key construction permits received
• September 2016: Pre-Feasibility Study Updated
The DOW has not broken main uptrend lines (2nd time) yet.
The Dollar Index projects to 102.94 on a simple 1:1 A-B-C basis.
Allied Nevada Shareholders Accuse Barrick Gold Of Meddling In Bankruptcy
In a filing with the United States Court of Appeals, an Ad Hoc Committee of shareholders in Allied Nevada Gold Corp (NYSEMKT:ANV) (OTCPK:ANVGQ) (OTC:HYCT) (OTC: HYCTW) allege Allied Nevada misrepresented the value of the Hycroft mine, and identify the concealment of Hycroft director Mike Feehan’s affiliation with Barrick Gold (NYSE:ABX) (NYSEARCA:GDX) in support of accusations the bankruptcy plan was a visionary scheme, designed to mask the company’s intentions to enter into an undisclosed agreement with Barrick Gold. On appeal, the Ad Hoc Committee seeks relief from confirmation of a bankruptcy, the committee alleges was a “conspired smokescreen, connived to conceal Allied Nevada’s plan to transfer assets to insiders at Barrick Gold.”
Markedtofuture – have you followed West Kirkland Mining up above, where they picked up that project from the distressed Allied Nevada before and after their bankruptcy?
They are managed by some folks from Platinum Group Metals, Mag Silver, and West Timmins Mining (acquired by Lake Shore Gold).
Seems like an interesting reboot of that project, and they announced the progress on their water rights today, which seemed significant.
Spot on commentary by Rick. There is a huge disconnect between the market and main street BUT as long as the trend is your friend you lmight as well make some money.
I am selling my Russell 2000 2x ETF symbol UWM with 1.51% gain. I bought it last Friday. Am buying the biotech ETF FBT at the close since it’s down .41%.
Still long in my Gold ETF GDX. Dollar was too strong today and took gold down a little.
Silver stock CDE closed up over 3%.
Excelsior – thanks for the info – it’s been a lot of curve balls thrown at shareholders.
CALLING ALL SHAREHOLDERS
Agreed. I was never an investor of Allied Nevada, and feel bad for the shareholders caught in the mess, but likewise, the properties that West Kirkland picked up from Allied Nevada were quality and one of my passions is looking for unloved & forgotten assets that become the next round of turnaround success stories. Just thought I’d check with you on it since I know you followed the Allied Nevada story and bankruptcy closely and this was part of the drama that unfolded.
Cheers!
dollar up, oil up. What more could you want?