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DrBubb's Diary - Oct. 2017 Trading - v.105

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The 121 conference coming again to HK : Oct 17th-18th, 2017

> https://www.weare121.com/121mininginvestment-hk/

 

In Notes from Oct. 2015 Conference:

 

stocks: CGN.au/ Crater, R.t/ Red Eagle, SAU.au/ Southern Gold, KIM.au/ Kin Gold, TYX.au/ Tyranna
5-yr Weekly - Updated to 10/11/2017
eB8blUt.gif
updated prices:
CGN.au was A$.105, hit A$.155, now: A$0.010 = -90.5% at 10/11/17
RD.t : was C$0.31, hit C$1.05, now: C$0.275 = -11.3% at 10/11/17 (symbol is now R.t)

KIN.au was A$0.10, hit A$0.45, now A$0.275 = +175.% at 10/11/17
SAU.au was A$0.20, hit A$0.45, now A$0.280 = +40.0% at 10/11/17
TYX.au was A$0.030, hit A$.048, now A$.015 = - 50.0% at 10/11/17

AWV.au was A$0.054, hit A$0.19, now A$0.093 = +72.2% at 10/11/17
===

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Wallbridge Mining (WM.t) - now Ready to Roll?

WM.t ... 10-yrs : 5-yrs : 2-yrs : 6-mos : 10-d -- last: C$0.095

IZ9ASrA.gif

 

A confirmed breakout above C$.10, could soon bring $0.15 and higher

==

> http://www.greenenergyinvestors.com/index.php?showtopic=21393

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Stefan Molyneux has HACKED Socialism, and understood it

 

 

Sometimes, repetition is needed

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Investors Head to Houston to Buy From Panicked Homeowners...

 

Distressed Investors Are Already Buying Houston Homes for 40 Cents on the Dollar

Flooded homes, big money, and hard choices.
Bryan Schild drives through the byways of Houston looking for what could be the investment opportunity of a lifetime: homes selling for as little as 40¢ on the dollar. “We Pay Cash For Flooded Homes $$$$$$$$ Don’t fix it, sell it. Quick close,” read the signs piled in the back seat of his Ford pickup.
. . .
Investors such as Schild figure they can buy low, either fix up and flip the houses or rent them out for several years, and unload them later, doubling their money or more.
400x-1.jpg
Schild making Matlock an offer in his flooded house.
Photographer: Prashant Gopal/Bloomberg

Those kinds of bets have often paid off. Buyers who snapped up co-ops and office towers when New York was near bankruptcy in the 1970s made a killing. More recently, companies including Blackstone Group LP and other marquee names bought foreclosed homes after the 2008 financial crisis and are sitting on billions in potential gains.

The cycle begins with small-time investors such as Schild, who’s bought more than 30 waterlogged houses for an average $175,000 apiece. Then Wall Street swoops in...

===

 

My brother lives in Houston.

Fortunately. his home was not flooded.

But for those who experienced that, they may have to tear out much of the lower floor. and replace walls and floors.

to make the home livable again. This horrible requirement has been assisted by some (like my brother's church, who does this

work as a charity project.) But not all will have the assistance or the wherewithal to get this done.
So for some sad homeowners, selling out may be the only thing they can do.

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The Smartest Americans Are Heading West
Three Colorado cities are in the Brain Concentration Index’s top 10.
(Not all are west. People are also heading for Washington DC, where many govt jobs can be found.)

October 10, 2017

Three cities in Colorado — a state whose fortunes have been tied to the boom and bust of oil, gas and other commodities — are among the top 10 leading destinations for the nation’s best and brightest as old cow and mining towns morph into technology hubs, according to data compiled by Bloomberg. Another Colorado city is plotting a 21st century revival.

Boulder, the small college town located just north of Colorado’s capital, is ranked No. 1 nationally in the Bloomberg Brain Concentration Index, which tracks business formation as well as employment and education in the sciences, technology, engineering and mathematics. Fort Collins and Denver follow at No. 4 and No. 10, respectively.

800x-1.png

Heralding the progress in the Fort Collins metropolitan area, the website of the Northern Colorado Economic Alliance declares the region as “nerdy and proud of it” with major universities producing “a robust workforce of young, highly-educated individuals.” An estimated 35 percent of the population holds a bachelors degree or higher, according to the alliance.

. . .

The disparity from one end of the state to the other is not unique to Colorado. Muskegon, Michigan, a once bustling manufacturing town, tops the Brain Drain Index, while the state is also home to one of the country’s most educated work forces just 2.5 hours away in Ann Arbor. The city, which comes in at No. 12 on the Brain Concentration Index, is home to the University of Michigan and has an unemployment rate of just 3.9 percent.

==

> https://www.bloomberg.com/news/articles/2017-10-10/the-smartest-americans-are-heading-west-as-computer-chips-replace-cow-chips

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TLT / Treasury Bonds: All

tiTWG40.gif

 

GLD: 3m : 5yr 3yr : Pl / 12m: GLD: Gbs: Hui: Gdx /10d: SLV: Gld: vGbs: Gdx nugt op : DXY : gbp 2: eur fxe : VIX : SPY : soxx : UKX : sagd

ltThLiy.gif

 

SLV / Silver ... All : 5yr 4yr 3yr 2yr

FP7l00C.gif

 

Bitcoin Prices / BTS : 8-yrs : 1-yrs :

fvXH02A.png

1-yrs :

7SlIj6s.png

===

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Currencies up as much as 14% (EUR) against the USD from the year-end 2016 Low

 

FX-All : 2017 : 2016-17 : 2015-17 : 2014-17 : 2013-17 : since 2010 : w/MA's : since 2006 :

RSgX2Ab.gif

 

FX-All : 2013-17 :

hFmhO5L.gif

since 2010 : w/MA's :

DrRcqWT.gif

since 2006 :

qc8zZZ3.gif

==

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CAPITULATION Coming?

 

Scott Adams talks about the anti-Trump capitulation phase we just entered \ 2017.10.12

https://www.youtube.com/watch?v=X5602LoXyhY

 

"small signs of capitulation already"

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Disclosure? Or just more Deep State misinformation?

 

Many were disappointed by Tom Delonge's announcement this week

 

Tom Delonge Live ToTheStarsAcademy.com

https://www.youtube.com/watch?v=PdwIVBuzOCs

 

Involved: Hal Putoff, Steve Justice, Lou Elazonyo, Chris Mellon - all Deep State type guys

 

Mission: "to establish a perpetual funding machine"

Comment:

satanic pedo podesta was promoting this announcement which means its a hoax.

/ 2 /

this project is infiltrated from the get go. it reeks of a controlled opposition operation. tom's efforts may be genuine but some of these guys did not leave highly paid positions to join a fun little start up. they were probably promoted to deep or come straight from it.

looks like they are doing two things:

1. taking one step towards the masses, make them aware of the phenomenon so that they can shape and control the perception of it through the entertainment & story aspect and

2. address the disclosure movement people by slow feeding them little stuff like lasery tech news and "high res" evidence to satisfy their hunger for data to boost their credibility. this seems like textbook controlled opposition tactics as observed in us politics for many years now. this is how they try to set the stage for the hoax invasion.

/ 3 /

So you’re (this channel) asking me to trust a half baked washed up pop rock star (star used very lightly), even give him my money when so he’s clearly backed by the very groups that steal from and raze the property of individuals who create earth changing technology? I could practically see the strings attached to his limbs leading back to the row of pure evil behind him. If you want to really enlighten yourself on this topic check out Dr. Steven Greer’s latest movie “Unacknowledged”. THEY WALK AMONG US! (The CIA that is.)

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UK-listed Gold stocks

 

Gold in-USD -------------------- : --- Gold in-GBP ------------- : --- Gold in-EUR -------------- :

t24_au_en_usoz_6.gif : t24_au_en_bpoz_2.gif: t24_au_en_euoz_2.gif :

 

gold.gif?0.19148460480133556

 

GBS.L / Gold Bullion securities - in US$ ... 2008-'17 : 2004-'17 : All-data : 3-yrs : 6-mos / 10-d : mhpc :

P12fzhd.gif

 

... but that etf is in USD, here's the GBP etf

 

PHGP.L / Metal Securities Ltd. ETFS Physical Gold GBP - in GBP ... 2008-'17 : All-data : 3-yrs : 6-mos / 10-d

1xeqZzg.gif

 

I updated the charts in the header.

I like the way that Gold-in GBP charts !

UK-Listed Gold stocks > http://www.greenenergyinvestors.com/index.php?showtopic=20468

 

 

Also, I had forgotten that GBS.L has a longer history than GLD

 

GBS.L / Gold Bullion securities - in US$ ... 2008-'17 : 2004-'17 > GLD : All-data :

ngxaTgd.gif

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Oil & Gas Royalty Co's : BPT, HGT, SJT etc

 

Trust------------------------------------ Distribution Yield% : 10/13 : P/ER : Yield% : Paid : Low-to-High

====

BP Prudhoe Bay Royalty Trust (NYSE:BPT ) 12.3% : 21.50 : 6.21 : 12.5% : $0.00 : 15.00-32.95
Chesapeake Granite Wash Trust (NYSE:CHKR) 24.2% : $2.10 : 7.98 : 19.1% : $0.00 : $2.10-$3.85
Hugoton Royalty Trust (NYSE:HGT) 27.0% : $1.70 : 13.9 : 2.66%, $0.00 : $1.55-$2.75
Sandridge Mississippian Trust I (NYSE:SDT) 26.4% : $1.31 : 5.96 : 14.7%, $0.00 : $1.20-$1.85
SandRidge Mississippian Trust II (NYSE:SDR) 28.5% : $1.35 : 5.57 : 14.8%, $0.00 : $1.28-$1.79
Sandridge Permian Trust (NYSE:PER) 19.3% : $2.80 : 5.56 : 17.0%, $0.00 : $2.65-$4.00
San Juan Basin Royalty Trust (NYSE:SJT) 8.4% : $7.87 : 14.2 : 33.1%, $0.00 : $5.51-$8.49
Pacific Coast Oil Trust (NYSE:ROYT) 11.4% : $1.52 : 35.2 : 0.92%, $0.00 : $0.87-$2.23
Permian Basin Royalty Trust (NYSE:PBT) 9.5% : $9.27 : 14.6 : 5.21%, $0.00 : $6.66-10.30
Sabine Royalty Trust (NYSE:SBR) 8.4% : 41.10 : 18.1 : 4.41%, $0.00 : 33.46-41.86

======

> https://www.fool.com/investing/general/2014/06/23/energy-investing-101-researching-royalty-trusts.aspx

 

What is a royalty trust ?
For individual investors, royalty trusts are generally high-yielding investments that also have some very unique tax benefits. A company, normally an oil and gas producer, will issue units of a royalty trust on the open market as a method for raising capital to develop one particular field.

These trusts are exempt from corporate taxes because they are pass-through entities, much like master limited partnerships. But unlike an MLP, where you pay income taxes on distributions -- the name for dividends from MLPs and royalty trusts -- royalty trust distributions are considered capital gains, and therefore taxed at a lower rate. Also, since you are a part owner of the oil wells, you can depreciate those assets to lower your cost basis, which means you can delay taxes, and potentially be eligible for certain tax credits.

There are 20 or so royalty trusts that are currently traded on the U.S. exchanges, but some are very small (less than $50 million)...

 

BP Prudhoe Bay Royalty Trust (NYSE:BPT ) 12.3% : 21.50 : 6.21 : 12.5% : $0.00 : 15.00-32.95

KXGEcJs.gif

 

Chesapeake Granite Wash Trust (NYSE:CHKR) 24.2% : $2.10 : 7.98 : 19.1% : $0.00 : $2.10-$3.85

STSSIGd.gif

 

Hugoton Royalty Trust (NYSE:HGT) 27.0% : $1.70 : 13.9 : 2.66%, $0.00 : $1.55-$2.75

dMqyjMU.gif

 

Sandridge Mississippian Trust I (NYSE:SDT) 26.4% : $1.31 : 5.96 : 14.7%, $0.00 : $1.20-$1.85

jQAV09D.gif

 

SandRidge Mississippian Trust II (NYSE:SDR) 28.5% : $1.35 : 5.57 : 14.8%, $0.00 : $1.28-$1.79

ftvHn0h.gif

 

Sandridge Permian Trust (NYSE:PER) 19.3% : $2.80 : 5.56 : 17.0%, $0.00 : $2.65-$4.00

juSxc8p.gif

 

San Juan Basin Royalty Trust (NYSE:SJT) 8.4% : $7.87 : 14.2 : 33.1%, $0.00 : $5.51-$8.49

8XyTssB.gif

 

Pacific Coast Oil Trust (NYSE:ROYT) 11.4% : $1.52 : 35.2 : 0.92%, $0.00 : $0.87-$2.23

bd747Y6.gif

 

Permian Basin Royalty Trust (NYSE:PBT) 9.5% : $9.27 : 14.6 : 5.21%, $0.00 : $6.66-10.30

Ij017OZ.gif

 

Sabine Royalty Trust (NYSE:SBR) 8.4% : 41.10 : 18.1 : 4.41%, $0.00 : 33.46-41.86

ayLLX4B.gif

==

New thread:

> LINK: US Oil & Gas Royalty co's: http://tinyurl.com/OGroyaltyCos

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DATA to Friday, 10/13 -

/
Price: (YrE'15) (07/01): (YrE'16) (03/31): (06/30): (07/28) (08/04) : (08/11) (09/01) : (09/29) (10/13) :
Gold : 1060.5 : 1344.9 : 1151.7 / 1251.2 : 1242.3 : 1275.3 : 1264.6: 1294.0 : 1330.4 : 1284.8 : 1304.6 :
GLD : 101.46 : 128.41 : 109.61 / 118.72 : 118.20 : 120.69 : 119.65 : 122.79 : 126.06 : 121.58 : 123.82 :
GDX : $13.72 : $29.05 : $20.95 / $22.81 : $22.08 : $22.91 : $22.32 : $23.15 : $24.78 : $22.96 : $23.84 :
Ratio: R7.395: R4.420 : R5.232 / R5.205 : r5.353 : R5.268 : r5.361 : r5.304 : R5.087 : r5.295 : r5.194 (/10.54)
Ratio 13.52%: 22.62%: 19.11% / 19.21% 18.68%: 18.98%: 18.65% 18.85%: 19.66%: 18.88%: 19.25% (GDx54.7)
Gdxj : $19.21 : $45.38 : $31.55 / $35.98 : $33.38 : $33.64: $32.39 : $33.63 : $36.26 : $33.59 : $34.62 :
Spdr : 642.37: 953.91: 822.17 / 834.EE : 852.50 : 791.88 : 786.EE : 786.87 : 831.21 : 864.65 : 853.13 = 27.43M oz.
Au/S : R-1.65 : R-1.41 : r1.401 / R1.50E : R1.457 : r1.610 : r1.61E : R1.644 : r1.601 : r1.486 : r1.529 :
TLT : 120.58 : 140.57 : 119.13 / 120.71 : 125.12 : 123.89 : 124.93 : 126.43 : 126.75 : 124.76 : 125.85 :
G/Tlt : r8.795 : R9.567: R9.668/ R10.37 : r9.929 : R10.29 : r10.12 : R10.23 : r10.50 : R10.30 : r10.37 : /vs L: 8.65
====
AGS : Y3,210 : y4,157 : y3,988 / y4,124 : Y3,??? : y3,000 : y3,000 : y3,000 : y3,000 : y3,000 : y3,000 >16.?? :
SLV- : $13.19 : $18.74 : $15.11 / $17.25 : $15.71 : $15.81 : $15.38 : $16.17 : $16.73 : $15.74 : $16.41 :
WPM: $12.42 : $24.78 : $19.32 / $20.84 : $19.89 : $20.51 : $19.56 : $19.04 : $20.96 : $19.09 : $20.32 :
SIL*- : $18.51 : $45.95 : $32.11 / $36.02 : $33.95 : $34.57 : $32.73 : $33.83 : $35.14 : $32.99 : $34.32 :
DBA : $20.61 : $21.98 : $19.97 / $19.78 : $19.85 : $19.94 : $19.66 : $19.20 : $18.60 : $18.98 : $19.14 :
XLE- : $60.32 : $68.60 : $75.32 / $69.90 : $64.92 : $66.47 : $65.64 : $63.94 : $63.58 : $68.48 : $68.14 :
Cop'r: $2.135 : $2.220 : $2.510 / $2.652 : $2.710 : $2.910 : $2.880 : $2.910 : $3.120 : $2.950 : $3.130 :
WTI- : $37.07 : $49.28 : $53.72 / $50.30 : $46.04 : $49.75 : $49.58 : $48.82 : $47.29 : $51.67 : $51.45 :
CRB : 176.27 : 194.26 : 192.51 / 185.88 : 174.78 : 182.12 : 180.68 : 179.61 : 180.85 : 183.09 : 184.83 :
Corn : 358.00 : 360.25 : 352.00 / 364.40 : 381.00 : 374.25 : 366.50 : 360.75 : 355.25 : 355.25 : 352.75 :
Wheat 468.50 : 496.25 : 408.00/ 426.50 : 526.00 : 481.00 : 454.75 : 439.25 : 438.75 : 448.28 : 439.50 :
Sugar 15.24c : 20.78C : 19.51c / 16.76c : 13.81c : 14.37c : 14.14c : 13.20c : 13.75c : 14.10C : 14.41c :
BTC : $433.5 : $680.0 : $948.5 / 1041.1 : 2521.0 : 2770.0 : 2800.0 : 3610.0 : 4900.0 : 4188.0 : 5648.0 :
B/G.: 40.88%: 50.56%: 82.36%/ 83.20%: 202.9% 217.2% : 221.% : 279.% : 368.% : 326.% : 433.% :
N.A.V. : ------------------------------------------------------------->: $3,800 : $3,300 : $3,610 : $3,698 : $3,652 :
Hedge: ------------------------------------------------------------->: $4,000 : $0,300 : $3,750 : $2,550 : $3,600 :
====
EEM- : $32.19 : $34.69 : $35.01 / $39.39 : $41.39 : $43.75 : $43.95 : $42.92 : $45.16 : $44.81 : $46.66 :
FXI -- : $35.29 : $34.48 : $34.71 / $38.49 : $39.71 : $42.42 : $42.84 : $41.81 : $44.26 : $44.04 : $46.23 :
ShCm : 3519.2 : 2932.5 : 3103.6 / 3222.5 : 3192.4 : 3272.2: 3264.1 : 3208.5 : 3385.0 : 3348.9 : 3390.5 :
PHM- : $17.82 : $19.48 : $18.38 / $23.55 : $24.53 : $24.35 : $25.60 : $24.84 : $25.87 : $27.33 : $27.07 :
IYR -- : $75.08 : $82.33 : $76.94/ $78.49 : $79.77 : $80.67 : $80.50 : $78.99 : $81.21 : $79.88 : $81.57 :
IWM - : 112.62 : 115.39 : 134.85 / 137.48 : 140.92 : 141.96 : 140.21 : 136.47 : 140.52 : 138.18 : 149.37 :
XLF - : $23.82 : $22.74 : $23.25 / $23.73 : $24.67 : $24.91 : $25.39 : $24.73 : $24.77 : $25.86 : $26.13 :
XLF/S: 11.68%: 10.83%: 10.31%/ 10.47%: 10.20% 10.09%: 10.26%: 10.13%: 9.99% : 10.29% : 10.25% :
SPY- : 203.87 : 209.92 : 223.53- / 235.74 : 241.80 : 246.91 : 247.41 : 244.12 : 247.84 : 251.23 : 254.95 :
VIX-- : 18.21%: 14.77%: 14.04% / 10.96%: 11.18%: 10.29%: 10.03%: 15.15% 10.13% : 9.51% : 9.61% :
ShPut $6.670 : $02.85 : $08.30 / $13.15 : $08.31 : $05.44 : $05.39: $07.45 : $05.25 : $02.86 : $01.88 -Ja$240p
DXY - : 98.693 : 95.720 : 102.38 / 100.22 : $95.64 : $93.33 : $93.49 : $92.96 : $92.66 : $93.07 : $93.06 :
H-gold: R10.75 : r14.05: R11.25 / R12.56 : R12.99 : R13.66: R13.53 : r13.92 : R14.36 : r13.83 : r14.02 / 11.3-14.9
=====
Gold : 1060.5 : 1344.9 : 1151.7 / 1251.2 : 1242.3 : 1275.3 : 1264.6 : 1294.0 : 1330.4 : 1284.8 : 1304.6 :

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In wHolyRood, the vile slimebags were protected --

By Fear, and by their leftwing allies

 

The Fear That Protects The Wicked

Published on Oct 13, 2017

 

"The Tomi Larren effect" applies to many in wHolyRude:

- she will only use terms that are already in common uses

- she will NOT push the Overton window

 

==

> new thread on Hollywood ruination: http://www.greenenergyinvestors.com/index.php?showtopic=21706

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TOP of Page Header

 

t24_au_en_usoz_6.gif : idx24_russell_en_2.gif : idx24_hui_en_2.gif :

3d : ag : au

 

Bitcoin : The uptrend continues as money flees China:
=======
Charts: Bitcoins LIVE : BTC:12-mos : 5-mos : 6-mos : 10d : Ticks : BtcWisdom : BTC24hr : Eur : PB : img :

chart.png?m=bitstampUSD&v=1&t=S&noheader

BTS - Frozen / Bitcoins, on Bitstamps ; 10-Days: 6-mo : 12-mo : 24-mo : 32-Mo : 8yr :

BTC - 10d : $3415 / 1253 (272.5% of Gold)

====

 

Bitcoin Prices / BTS : 8-yrs : 1-yrs :

fvXH02A.png

1-yrs :

yvoUFCU.png

===

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China, Inflation & Gold

 

China is a relatively open economy; therefore it is subject to the impossible trinity. China has also been attempting to do the impossible in recent years with predictable results.

Beginning in 2008 China pegged its exchange rate to the U.S. dollar. China also had an open capital account to allow the free exchange of yuan for dollars, and China preferred an independent monetary policy.

The problem is that the Impossible Trinity says you can’t have all three. This model has been validated several times since 2008 as China has stumbled through a series of currency and monetary reversals.

For example, China’s attempted the impossible beginning in 2008 with a peg to the dollar around 6.80. This ended abruptly in June 2010 when China broke the currency peg and allowed it to rise from 6.82 to 6.05 by January 2014 — a 10% appreciation.

 

This exchange rate revaluation was partly in response to bitter complaints by U.S. Treasury Secretary Geithner about China’s “currency manipulation” through an artificially low peg to the dollar in the 2008 – 2010 period.

After 2013, China reversed course and pursued a steady devaluation of the yuan from 6.05 in January 2014 to 6.95 by December 2016. At the end of 2016, the Chinese yuan was back where it was when the U.S. was screaming “currency manipulation.”

Only now there was a new figure to point the finger at China. The new American critic was no longer the quiet Tim Geithner, but the bombastic Donald Trump.

Trump had threatened to label China a currency manipulator throughout his campaign from June 2015 to Election Day on November 8, 2016. Once Trump was elected, China engaged in a policy of currency war appeasement.

 

China actually propped up its currency with a soft peg. The trading range was especially tight in the first half of 2017, right around 6.85.

In contrast to the 2008 – 2010 peg, China avoided the impossible trinity this time by partially closing the capital account and by raising rates alongside the Fed, thereby abandoning its independent monetary policy.

. . .

The impact these two prior devaluations had on the exchange rate is shown in the chart below.

Yuan.png

 

Major moves in the dollar/yuan cross exchange rate (USD/CNY) have had powerful impacts on global markets. The August 2015 surprise yuan devaluation sent U.S. stocks reeling. Another slower devaluation did the same in early 2016. A stronger yuan in 2017 coincided with the Trump stock rally. A new devaluation is now underway and U.S. stocks may suffer again.

 

By mid-2017, the Trump administration was once again complaining about Chinese currency manipulation. This was partly in response to China’s failure to assist the United States in dealing with North Korea’s nuclear weapons development and missile testing programs.

For its part, China did not want a trade or currency war with the U.S. in advance of the National Congress of the Communist Party of China, which begins on October 18. President Xi Jinping was playing a delicate internal political game and did not want to rock the boat in international relations. China appeased the U.S. again by allowing the exchange rate to climb from 6.90 to 6.45 in the summer of 2017.

China escaped the impossible trinity in 2015 by devaluing their currency. China escaped the impossible trinity again in 2017 using a hat trick of partially closing the capital account, raising interest rates, and allowing the yuan to appreciate against the dollar thereby breaking the exchange rate peg.

The problem for China is that these solutions are all non-sustainable. China cannot keep the capital account closed without damaging badly needed capital inflows. Who will invest in China if you can’t get your money out?

China also cannot maintain high interest rates because the interest costs will bankrupt insolvent state owned enterprises and lead to an increase in unemployment, which is socially destabilizing.

China cannot maintain a strong yuan because that damages exports, hurts export-related jobs, and causes deflation to be imported through lower import prices. An artificially inflated currency also drains the foreign exchange reserves needed to maintain the peg.

Since the impossible trinity really is impossible in the long-run, and since China’s current solutions are non-sustainable, what can China do to solve its policy trilemma?

The most obvious course, and the one likely to be implemented, is a maxi-devaluation of the yuan to around the 7.95 level or lower.

This would stop capital outflows because those outflows are driven by devaluation fears. Once the devaluation happens, there is no longer any urgency about getting money out of China. In fact, new money should start to flow in to take advantage of much lower local currency prices.

There are early signs that this policy of devaluation is already being put into place. The yuan has dropped sharply in the past month from 6.45 to 6.62. This resembles the stealth devaluation of late 2015, but is somewhat more aggressive.

 

( A weaker Yuan should help Gold, until it becomes "too cheap", and that cheapness inspires a rally in the Chinese currency)


“With inflation still subdued it appears that the US is heading back to consistently positive real rates. All else being equal that presents a major headwind to the gold price,” he noted. “However, there are significant offsets that seem likely to counter that downward pressure over the next six to 12 months.”

Kendall believes the U.S. dollar pressure could continue as “global reserve managers are overweight USD.”

“The trend appears to be to diversify again. We don’t expect direct diversification into gold but a rotation out of USD into EUR and JPY would benefit gold indirectly,” he explained.

Likewise, “if medium term inflation expectations do start to rise then gold should perform better than longer-dated Treasuries,” he said.

Kendall even looked at retail demand from the two largest gold-consuming nations – India and China.

“Gold has been sustained above $1,200 for much of the past two years despite a recession in the Chinese jewellery industry and multiple policy challenges to the Indian market,” he wrote. “There are tentative signs of improving sales in the former, while a period of policy stability would definitely benefit the latter.”

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THE Sweinstein STORY is Growing, taking over the media - as "the accuser count" hits 35

 

Like the green slime, it seems to now pop up everywhere

 

(latest Drudge headlines):

 

HARVEY BROTHER BREAKS SILENCE

The Weinstein Co. exec insists he had no idea about "the type of predator that he was" and is sickened by Harvey’s seeming lack of remorse. "I want him to get the justice that he deserves."

For nearly 30 years, Bob Weinstein has lived in the shadow of his older brother Harvey Weinstein. While Harvey, 65, was the very public face of Miramax and then The Weinstein Company from Sundance to Cannes to Hollywood, palling around with stars and schmoozing Oscar voters, Bob, 62, has served on TWC’s board and tended to Dimension, their genre label, turning out movies like the Scream and Scary Movie franchises, that routinely made more money than all but Harvey’s biggest hits.

Now, in the wake of the dozens of allegations charging Harvey with three decades of sexual harassment, abuse and even rape, Harvey is out, fired from the company he co-founded with Bob in 2005. And Bob, thrust into an unaccustomed limelight, is forced to try to pick up the pieces amid the growing chaos. He insists that the company — which is expected to undergo a name change — can survive. But four of his fellow board members have resigned, and his COO David Glasser and other key members of his 150-employee staff have yet to commit to stay with the company. Amid widespread predictions that the Weinstein Co. will be forced to shut down or sell all or parts, he maintains, “There is a plan to come out on the other side.”

But right now, even as he struggles to right the company (of which he and Harvey both own about 20 percent each), he’s also coping with his own sense of shame and betrayal, expressing sympathy for Harvey’s victims while also questioning whether he should have done more in the face of Harvey’s alleged abusive behavior.

 

'Despicable' Harvey blasted during Hollywood 'Power of Women' lunch...

35: All the accusers...

Company to Shut Down?

Academy to Decide Fate...

#OscarsSoRape...

FONDA: HE SHOULD GO TO JAIL!

DOWD: Hollywood's Oldest Horror Story...

Lisa Bloom Fought To Keep AMAZON Expose Hidden...

 

Nearly 80 years later, that aroma of perversion and maladroit du seigneur clings to Hollywood. Now we are inundated with grotesque tales of Harvey Weinstein pulling out his penis to show to appalled and frightened young women, enlisting the pimping help of agents and assistants to have actresses delivered to his hotel rooms, where he pestered the women to watch him shower or give him a massage or engage in intimate acts.

“The ill will towards him for getting away with it all for so long has unleashed something so primitive,” a prominent male Hollywood producer told me. “If people could rip him apart, they would. Literally everyone in Hollywood is taking marshmallows to roast at his burning corpse.”

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Here are my top 5 picks to possibly be acquired before this new precious metal miner bull comes to an end:

 

Sabina Gold & Silver Corp. (SBB.TO): This company has been my number one take-over candidate since I mentioned it in my column back in April of this year. Since then, the company has discovered the new Llama Zone and the Umwelt Vault zone with grades that are significantly higher than the Back River average resource grade. These new zones not only present opportunity for extended mine life, but could also positively impact project economics on the Back River Project, which is already economic at $1150 gold. Please see the latest company presentation here.

Dalradian Resources Inc. (DNA.TO): Dalradian controls the Curraghinalt Gold Project, which is a very consistent, high-grade, narrow-vein deposit in Northern Ireland. The deposit has upside potential, shows good continuity, and has a good chance to be permitted by the local government. On October 10th, the firm announced it had entered into subscription agreements with each of Orion Mine Finance II LP and Osisko Gold Royalties Ltd pursuant to which Orion will make an investment of C$50 million and Osisko will make an investment of C$28.25 million into the Company by way of a non-brokered private placement, for gross proceeds of C$78.25 million. Please see the latest company presentation here.

Victoria Gold Corp. (VIT.V): I toured the firm’s Eagle Gold Project in the Yukon earlier this year. The management team has done an exceptional job of turning a lower grade deposit into an economic one at $1250 gold. Recent drilling below the Eagle Pit was successful in highlighting the growth potential in and around the Eagle Gold mine and the properties exploration upside. Unfortunately, the share structure has suffered the capital raise dilution consequences more than most Development-stage firms which are at, or near the start of construction. I feel this may limit the potential upside in the stock, while the company still requires an additional C$40m to be fully financed. Victoria is currently in Phase one of a C$40 million construction program which began in August.

Please see the latest company presentation here.

Atlantic Gold Corp. (AGB.V): The firm has recently completed phase one of its high-grade MRC Open Pit Gold Mine in Nova Scotia, which poured first gold at the mine last week. Phase two, which incorporates two additional satellite deposits into the MRC Gold Mine, will be completed later in Q4 2017. The company has demonstrable upside with a “string of pearls” deposit strategy on a district scale land package which contains over 80km of strike length. Management is also in alignment with shareholders owning over 35 percent of the shares outstanding. Since the company will soon be cash flow positive, I would like to see a graduation of the stock to the TSX and a US AMEX listing, so that more funds would have access to the shares. Please see the latest company presentation here.

Falco Resources (FPC.V): This company has acquired one of Canada's most established VMS mining districts, the Rouyn Noranda Mining Camp, including the Horne Mine Complex area and 13 other former producers. The firm has 100% ownership of 74,000 hectares of the property, which represents 70% of the entire camp and is run by the management team responsible for the construction of the Malartic Mine. The company is currently in discussions with partner Osisko on the possibility of a C$150-$200 million streaming deal and the Quebec government supports the project. Please see the latest company presentation here.

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Like AGB.v shame never looked close before. Latest presentation Oct 17 reveals a good deal of reassuring information inc Management with fair chunk of skin in the game, fairly low A.I.S.C , no country risk, strike out projects near term drivers etc.

 

Will look some more but expect I'll tuck a few of these away; maybe another with OGC type potential here and yes they do say it themselves in their presentation.

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Uranium is cruising for a retest of the lows...

 

URA / Global X Uranium ETF ... All-data : 5-years : 2-yrs : 6-mos / 10-d

pwCXn0L.gif

 

Uranium participation / U.t ... all-data :

GPCmByX.gif

 

A buy window is open. Ideal low: Probably during tax-related selling over the next two months

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ETF's : Platinum ETFs ( PPLT -physical, w/ more liquidity : PTM vs. Platinum )
++ VelocityShares 2x Long Platinum ETN (NYSE: LPLT) and VelocityShares 2x Inverse Platinum ETN (NYSE: IPLT) - Trading may have stopped

allow traders to manage platinum exposures using 2x leveraged long and inverse positions linked to the S&P GSCI Platinum Index.
========

 

Platinum is now cheaper than Gold

Gold : 1131.0 per ounce
Plat. : $905.0 (-20%) - there have been times when it was priced ABOVE Gold

michael_0220_1.jpg : pt1825nys.gif

 

pt0060lns.gif : -- : t24_au_en_usoz_6.gif :<-: au1825nys.gif

 

plati.gif?0.3230406799787534 : 24hr-Gold :

 

PPLT (physical etf) vs. GLD ... update : PPLT: All : 5-ys : 1-yr :

Pgu9UMz.gif

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Tony C's stock comment - excerpt

 

MEDIUM TERM: uptrend

This Minor wave 5 uptrend has been unfolding in five Minute waves. Minute wave i rose from SPX 2329 – 2454, with five Micro waves (orange). Then after a Minute ii decline to SPX 2408 in July, Minute iii was underway. Thus far Minute iii has advanced in three Micro waves (orange) from SPX 2408-2558. And is already longer than all of Minute i, with still Micro waves 4 and 5 to go.

spxdaily1.png?w=640&h=485

Currently, however, there is a negative RSI divergence setup. Similar setups have occurred during all the Micro wave highs of this uptrend. Will the market again ignore this one and grind higher. Or is the elusive 20+ pullback next? This uptrend has relentlessly grinder higher at times. Medium term support is at the 2525 and 2479 pivots, with resistance at the 2575 and 2594 pivots.

==

> more: https://caldaro.wordpress.com/2017/10/14/weekend-update-626/

 

Comment

JK1987 says:

BARRON’S Echoes of The 1987 Crash

...is deadly wrong. it certainly will not be parallel to 1987 Crash. 1987 Crash was one of its kind, never before. this 2017 Crash, will be one of its kind, never before.
the environments are different, 1987 was Reagan, and inflationary economy, and went for another 13 years booming into 2000.
here 2017 is Trump, going into deflationary economy, market, and turmoil.
Margaret Atwood: “it’s a moment of turmoil everywhere” Published on Saturday, October 14, 2017

stock, rates, bonds are totally different between 2017 and 1987.
https://gyazo.com/234cb3019be8b98a2426efc54e232110

better analogies are:
https://gyazo.com/401e19f4ce9b69a6f1d4105f785829ad

the path will be different, but the outcomes are the same. SPX down 80% ~ 90%
the path could be even worst than the two examples.
your opinion or my opinion of the market do not matter. important is to know what computer algorithm will do. what will trigger the sell, and avalanche. i studied all crashes and possible technical causes, did you?
1987 was computer driven, and many more crashes were algorithm driven.
now computer, AI are far more advance, sophisticated. scale of money involved is far larger, in terms of trillion dollar.
that means the avalanche will be in much greater velocity.
spx sub 1800 still is highly probable by end of this October.
spx will see very far below 1800 by 2017 year end.

Barron’s:
an increasing amount of money is being devoted to rules-based investing. Quantitative strategies now account for $933 billion in hedge funds, according to HFR, up from $499 billion in 2007. And there’s some $3 trillion in index ETFs, which are, by definition, rules-based. The upshot: Trillions of dollars are now being invested by computers. “We’ve never seen so many investment decisions driven by quantitative systems,” says Morningstar analyst Tayfun Icten.

cheers!

/ 2 /

asaraniti (@asaraniti) says:

As a follow up to our debate on Friday over the correlation between bond yields and equity prices, I came across this chart from Ton McClellan. Not saying there is a correlation we can use to trade off but I think there is a general correlation between the two asset classes. Only posted this chart to promote a debate, while we wait for the football games to start! Go Giants and Jets!

Treas-Bund_DJIA_Oct2017.gif

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/ 3 /

fionamargaret says:

xle-testing-key-breakout-level-oct-13-1.
xle-spy-performance-since-2014.jpg
Thanks Chris Kimble

https://raymondjames.bluematrix.com/sellside/EmailDocViewer?encrypt=1ad263ee-dfe6-4baa-b74c-634108e3c445&mime=pdf&co=RaymondJames&id=Jeffrey.Saut@RaymondJames.com&source=mail
Thanks Raymond James

http://tradingdiary.incrediblecharts.com/
Thanks Colin Twiggs

http://www.mcoscillator.com/learning_center/weekly_chart/treasury-bund_spread_says_dollar_has_more_room_to_fall/
Thanks Tom McClellan

 

/ 4 /

CampFreddie says:

Ladies and Gentlemen, I give you my top number one trading signal that we will see the biggest Melt “UP” in stock prices we have ever seen :-
GR2Bada.jpg

tommyboys says:

Good to see someone else reads Barrons. Quantitative algo trading gonna reverse Monday?

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Is Cameco Corp. (USA) a Buy After its Latest Dip? | The Motley Fool ...

CCJ /Cameco Corp. (NYSE) ... all-data : 10-yr : 5-yr : 3-yr (cco.t) : 1-yr / 10d - L:$7.41 - H:$13.36 / Last: $9.15 /0.800 = C$11.44
Qc72MNS.gif

7 days ago - Cameco Corp. has seen its share price lose 17% of its value so far this year, and last week the stock took another dip ...

 

 

The price of uranium is a little over $20 right now, and in the past year it has been at lows not seen in more than a decade. There are concerns of oversupply, and demand for uranium has been low since the Fukushima nuclear disaster took place in 2011. However, earlier this year, some analysts were expecting a return to $30 in a few years and $50 in five. The problem with predicting any commodity price is that expectations can change in a short period of time.

Unfortunately, much like struggling oil and gas stocks, the success of Cameco’s stock price will be linked to a commodity price. It is for that very reason that Cameco has some risk, but it has a lot of potential upside as well. Given how much the price of uranium has dropped in just two years (44%), it is hard to imagine much more of a decline happening.

Potential for upside

Not only could Cameco see a rise in price if uranium prices increase, but also if the company has a favourable result from its dispute with Tokyo Electric Power Company Holdings Inc., which cancelled a contract. Cameco says the cancellation is without basis. Although the dispute is still ongoing, a lot of investors have likely assumed the $1.3 billion contract is gone, and a positive result could see the stock make a big jump in price.

 

Strong financials keep the company safe

If uranium prices continue to drop, then Cameco is still not hopeless. The company currently pays a dividend of 3.4%, and if times get tough, the payout could be reduced or even eliminated. However, a strong balance sheet gives Cameco some flexibility with what it decides to do. Its debt-to-equity ratio is a manageable 0.29, and its current ratio of 5.8 suggests there are no short-term liquidity risks.

Cameco has also grown its free cash flow in each of the past three years, and in the past four quarters, it has accumulated $605 million. By having lots of free cash and strong liquidity on its books, the company puts itself in a good position to handle difficult times ahead.

Should you buy Cameco today?

Despite the doom and gloom for uranium prices, Cameco does not strike me as a company with significant risk. Although uranium prices are low, there are many factors that could impact demand and that could change the outlook significantly. The stock currently trades at 90% of its book value and could be a great buy for value investors that are willing to take on some risk in return for a lot of potential upside. If the company keeps its dividend intact (and with strong free cash flow, it may very well do so), then you could earn a very decent yield, while you wait for demand to drive uranium prices back up.

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