Friday, December 07, 2018
These Oil Stocks Are a Ticking Time Bomb / Commodities / Crude Oil
I don’t blame you.The yields on energy master limited partnerships (MLPs) are very tempting.
If you’re not sure what these are, energy MLPs are companies that own the pipelines that transport oil and natural gas around the US.
And they often pay huge dividend yields. The top five oil MLPs have an average dividend yield of 5.3%. That’s more than twice the S&P 500 dividend yield of 1.9%.
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Friday, December 07, 2018
How Theresa May Put Britain on the Path Towards BrExit Civil War / Politics / BrExit
Theresa May's government is in a full blown crisis following MP's on Tuesday voting to find Government Ministers in contempt of Parliament for the first time ever, which within hours was followed by 2 further votes against he government in the countdown to next Tuesday's vote on her "EU Withdrawal Agreement" that the government is destined to lose which is triggering speculation that the Vote may be pulled at the last minute as a loss could trigger a collapse of the Government.
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Thursday, December 06, 2018
Palladium Market Panic Buying - What Comes Next? / Commodities / Palladium
This week, a white metal reached a rare feat. Palladium has traded at a higher cost per ounce than gold.
Last month, the palladium market pushed through all remaining technical barriers by posting a new all-time high. A chronic supply deficit now threatens to launch palladium prices into a super spike.
A true shortage of physical metal may be at hand. The primary source of demand is automakers who require palladium for catalytic converters. Supply, meanwhile, comes primarily (more than 80%) from just two unreliable countries: Russia and South Africa.
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Thursday, December 06, 2018
If You Want to Be Rich, Change Your Money Mindset / Personal_Finance / Money Making
I am the child of two public servants.Growing up, I thought making $80,000 a year was a big deal. Sure, there were doctors and lawyers in town. And I knew they were wealthier—but I couldn’t put an exact number on it.
I didn’t know what a “trader” did either. I hadn’t even heard of the term, let alone “portfolio manager,” “investment banker,” or even “management consultant.” Anyone who said they were going to get into business was weird.
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Thursday, December 06, 2018
When Lights Go Off, What Does Gold Do? / Commodities / Gold and Silver 2018
Powell has recently came up with the metaphor of wandering in the darkness. Will golden sunshine brighten the dark?
I Am the Fed Chair and I Know Nothing
On November 14th, Powell discussed global perspectives in Dallas Fed with its President, Robert Kaplan. He characterized the Fed’s stance, providing an interesting analogy:
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Thursday, December 06, 2018
How easy is it to find a job in the UK iGaming industry? / Personal_Finance / Employment
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Thursday, December 06, 2018
Is The US Economy Heading Into A Recession? / Economics / Recession
Recently, one of my members of Elliottwavetrader was in attendance at the 32nd Economic Outlook Symposium hosted by the Federal Reserve Bank of Chicago. On the first day, he sat in a room with 150 economists. When asked how many see a recession in 2019, all of two hands went up.
So, let me ask you a question: When was the last time the majority of economists correctly called for a recession? (I think we all know the answer to this one).
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Wednesday, December 05, 2018
Curry's vs Jessops - Buying an Olympus TG-5 Tough Camera / Personal_Finance / Shopping
In our latest video in our buying and owning a Olympus TG-5 Tough Camera series we return a defective TG-5 to Curry's, a brand new camera that had a stuck or dead pixel, and then off we go to buy a TG-5 camera at a much cheaper price from JESSOPS. Another Unboxing of exactly what you get and hoping that the TG-5 camera's are not prone to having dead / stuck pixels which should NOT happen to brand new cameras!
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Wednesday, December 05, 2018
Yield Curve Harbinger of Stock Market Doom / Stock-Markets / Inverted Yield Curve
“The Harbinger of Doom”? Of course we (well, the media) are talking about the yield curve AKA Amigo #3 of our 3 happy-go-lucky riders of the macro. I have annoyed you repeatedly with this imagery in order to show that three important macro factors needed to finish riding before situation turns decidedly negative.
Amigo 1: SPX (or stocks in general)/Gold Ratio
Amigo 2: 30 Year Treasury Yield
Amigo 3: Yield Curve
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Wednesday, December 05, 2018
Stock Market Crashed While the Yield Curve Inverted / Stock-Markets / Stock Markets 2018
The stock market tanked -3% today as the yield curve started to invert.
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Wednesday, December 05, 2018
Global Economic Outlook after Trump-Xi Trade War Timeout / Economics / Global Economy
As many hoped, the highly anticipated Trump-Xi meeting in the Buenos Aires G20 Summit resulted in a truce. The devil is in the details.
As the G20 Summit ended in Buenos Aires, the G20 official summit statement acknowledged flaws in global commerce, called for reforming the World Trade Organization (WTO) and deleted the word “protectionism” after U.S. resistance.
The statement was completed only after hours of diplomatic bargaining over the night. As far as the European Union (EU) was concerned, the U.S. was the lone holdout on almost every issue in Buenos Aires, particularly in climate change.
Wednesday, December 05, 2018
Showdown Looms on US Federal Spending, Border Wall / Politics / Government Spending
U.S. government agencies could run out of operating funds starting on midnight this Friday, December 7th.
At issue: President Donald Trump’s proposed border wall. He wants Congress to commit $5 billion for construction of a wall along portions of the U.S.-Mexico border.
The migrant caravan that recently attempted to crash the border near Tijuana has helped rally Republicans to support his request.
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Wednesday, December 05, 2018
Stock Market Dow Plunge Following Fake US - China Trade War Truce / Stock-Markets / Stock Markets 2018
The Dow closed down near 800 points Tuesday at 25,027, which followed a rally into the weekend G20 meeting and Monday's buying climax high to Dow 26,000 that the mainstream financial media put down to a halt of Trade War hostilities between the US and China.
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Wednesday, December 05, 2018
Subverting BREXIT - British People vs Parliament Risks Revolution / Politics / BrExit
Theresa May's government is now in a full blown crisis following MP's voting to find UK Government Ministers in contempt of Parliament for the first time ever, which is basically MP's sending a message to the Government that they are no longer acting in a democratic manner, instead are acting as a dictatorship! In contempt over the failure to publish the full legal advice given to the Government by the Attorney General, Geoffrey Cox on the consequences of the "May Backstop BrExit Deal". This is an unprecedented event that put's Theresa May's government let alone her premiership teetering on the brink of collapse in the count down to the vote on her Brexit Deal on the 11th of December.
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Tuesday, December 04, 2018
Trump and Powell More Dovish. Will Gold Fly Away? / Commodities / Gold and Silver 2018
President Trump and President Xi Jinping agreed to halt escalation in their trade conflict. At the same time, the Fed officials became more cautious about the pace of future interest rate hikes. How will the softening of the US trade and monetary policies affect the gold market?
Trade Truce and Gold
Have you heard about the Christmas truce? It was a series of unofficial ceasefires across the Western Front during World War I around Christmas Day in 1914. In that time, men from both sides emerged from the trenches and met in No Man’s Land to exchange gifts, take photos, sing carols and play football. Really. We were also moved. It shows that there might be a moment of peace even during a dreadful war.
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Tuesday, December 04, 2018
Profit from the Global Cannabis Boom by Investing in the Beverage Industry / Companies / Cannabis
BY ROBERT ROSS : “Jeff Sessions leaving office is a definite win for the cannabis industry.”That’s a quote from Jeffrey Zucker. He’s the president of Green Lion Partners, a business strategy firm focused on the cannabis industry.
Zucker refers to the recent resignation of US Attorney General Jeff Sessions.
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Tuesday, December 04, 2018
The Debt Great Reset Is Coming / Interest-Rates / US Debt
The US government on-budget deficit was $100.5 billion in October. It was $63.2 billion in the same month a year earlier. I see little hope it will reverse.There is no appetite in Congress or the public for lower spending. Nor will we see the kind of tax policy changes that would generate more revenue.
Federal debt has grown with little complaint (except from a few of us curmudgeons) because it was mostly painless over the last decade.
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Tuesday, December 04, 2018
The Saudi Dilemma: To Cut Or Not To Cut / Commodities / Crude Oil
To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels daily, including from Russia, to reverse the free fall of oil prices. At the time, it worked because everyone was desperate. Now, many OPEC members are both desperate while not yet recovered from the 2014 blow. Saudi Arabia is not an exception.
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Tuesday, December 04, 2018
MP's Vote UK Government Behaving like a Dictatorship, in Contempt of Parliament / Politics / BrExit
Theresa May's government is now in a full blown crisis following the MP's today voting to find UK Government Ministers in contempt of Parliament for the first time ever, which is basically MP's sending a message to the Government that they are no longer acting in a democratic manner, instead are acting as a dictatorship! In contempt over the failure to publish the full legal advice given to the Government by the Attorney General, Geoffrey Cox on the consequences of the "May Backstop BrExit Deal". This is an unprecedented event that put's Theresa May's government let alone her premiership teetering on the brink of collapse in the run down to the Vote on her Brexit Deal on the 11th of December.
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Tuesday, December 04, 2018
Golds Xmas Gift / Commodities / Gold and Silver 2018
Three things have tweaked the fundamentals for gold.
1) Bitcoin is not attracting the hot cash, unlike 2016.
2) Fed's Powell dovish switch, now less expectations for interest rate hikes in 2019.
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