Newsletter writer David Erfle is extremely bullish on mining stocks for the coming year. They're outperforming the metal and they've made higher lows. Once this consolidation period is over, they're most certainly heading higher, probably to new highs. There's so many good companies out there and David talks about 3 of them. Always a great dialogue. 

Direct download: David_Erfle_12.Dec.19.mp3
Category:general -- posted at: 9:26am EST

Ian Winer is an investor, philosopher, writer and public speaker who connects people to the truth of market places and human behavior. A regular contributor to CNBC, Fox Business, The Wall Street Journal, Bloomberg, and Reuters, to name just a few, he is known for seeking connections through non consensus thinking and making it relatable to everyone. Ian left his career on Wall Street after 22 years to further explore his theory of “Ubiquitous Relativity” which suggests ways to enhance our connections to others. His first book, "Ubiquitous Relativity," which was just published on June 4th, 2019, takes a deep dive into how his theory can improve the lives of everyone.

Direct download: Ian_Winer_13.Dec.19.mp3
Category:general -- posted at: 8:00am EST

Stock Market will be moving higher but not greatly so. Could be warning signs flashing in Q1 & Q2 of 2020. 

Gold Q1 rally might not happen till February. A coupl of decent rallies in 2020 for gold, perhaps holding and waiting. No end of the year rally coming. Perhaps a minor rally in December from mid to late December, but no sticking power. 

Oil Need a weekly close over $60 but otherwise the trend is still down, to around $46. It’s a multi-year trend taking place. OPEC is attempting to lower production and increase prices. Something negative could always his the market. Risk turns to the unexpected. 

Interest Rates continue to decline to lower rates and then on to a new advance later. Long term cycles point to the middle of 2020 as the most likely time for the next significant top in rates. Between now Q2 we could see rates edge lower. In June/July 2020 there could be a significant reversal of the 30 year trend towards lower rates. 

Dollar Confined to a tight trading range for the foreseeable future. Could see a decline in late December. Could see a more significant bottom in January/February. Not a necessarily a significant change in the trend. Still hasn’t recpatured its previous highs. Would need to see it break beneath the 94-95 level. 

Direct download: Eric_Hadik_12.Dec.19.mp3
Category:general -- posted at: 8:01am EST

The situation in Canada continues to deteriorate at an alarming pace. Bankruptcies/insolvencies are rising rapidly. So goes Canada, so goes the US? When in doubt cut rates, it always works. Danielle believes the country needs to diversify and develope new businesses. Let’s not forget about China’s worsening economy and its inability to revive the its exports. How will Canada be affected? 

Direct download: Danielle_Park_12.Dec.19.mp3
Category:general -- posted at: 8:00am EST

Bull and bear markets have been with us throughout history. Bubbles are a natural result of events. Bob took the price of gold in senior currency terms from the 1700’s on and there’s regular pattern. Gold runs up in price, using a relative strength index and the gold to silver ratio. The real price of gold represents profitability of the gold miners. In 2011 the gold bear hit. It based and now it has broken out of the range. The real price turns up and then it’s off to the races for the mining sector. We’re in the early stages of a major golden bull, with minor interruptions. It’s the one sector in a post bubble recession that will do well. Inverted yield curve means a recession is on the way, always!

Direct download: Bob_Hoye_11.Dec.19.mp3
Category:general -- posted at: 8:01am EST

Sunday is a big day. More China tarrifs or not? 2019 has been an incredible year for gold. We saw a $1370 ceiling and this year it broke through resistance. We could see a big spike come Sunday or Monday or it could hover in this range for a while. We’re right below a 50 percent retracement - $1481 - if we breakthrough it we could be looking at $1500 and then up from there. Rally began at $1270 and stopped at $1565. But these numbers are irrelevant whether Trump does or doesn’t. The power of the media cycle cannot be underestimated. 

Direct download: Gary_Wagner_11.Dec.19.mp3
Category:general -- posted at: 8:00am EST

Remember just a few months ago when repo rates went from 1 percent to 10 percent overnight. The Fed assured us that it was because of quarterly tax payments, or who knows may it was a YouTube video that caused the meltdown. Well, we speculated from the get go that it was one or more major banks going bust. We were close to the truth, at least according to the BIS (Bank for International Settlements)  it was hedge funds hocking their treasuries to stay liquid. But the main funding big banks pulled the plug. Seems they were rattled by the sudden surge in demand and were trying to reign in their risk. But we're convinced this is only part of the story and the net result is still the same, QE3.5 or better is with us forever. 

Direct download: John_Rubino_10.Dec.19.mp3
Category:general -- posted at: 8:01am EST

Gold will resume its upward trajectory towards the end of Q1 2020. US stock market will not see a blow-off yet. Interest rates are not going up, they're going lower still. Starting middle of January long rates will be heading down. Unemployment will pick up next year and recession is likely. Oil longer term cycles are down, as low as $36 per barrel. Natgas hit it’s price target on the down side and we should see a bounce. Longer term we could $1.70. Dollar will stay in the range until beginning of next year and then go a bit higher. Real estate approaching a new high, but it's an intermediate one that will see prices go yet higher. Bonds, gold and silver are the investments for the coming year. 

Direct download: Charles_Nenner_10.Dec.19.mp3
Category:general -- posted at: 8:00am EST

The so-called democratic field of presidential candidates is a farce. It's not real, it's simply intended to deceive and distract. And it's working! If sleepy creepy Joe Biden wins the nomination he will be removed prior to the convention, ostensibly for health reasons. Then we'll see one of three people take his place. Hillary, Andy Cuomo or Tim Walz (Minnesota's Governor). My money is on Tim. He an outsider insider. He's lefty enough for the core of the party. Perhaps he can hold Minnesota in the election and pick-up a couple of midwestern states that were claimed by Trump in 2020. Whatever happens, rest assured that none of the current crop of candidates will be the actual nominee. Like impeachment, it's all just a side show to the main event.

Direct download: TLR_475_09.Dec.19.mp3
Category:general -- posted at: 8:01am EST

Dozens of countries around the world are seeing massive social unrest. The foundation of the movement is freedom and income inequality. No more central planning and no more government control over individuals. The people in Hong Kong are fighting for their lives. Gerald explains why the Chinese have not shut down HK's massive civil unrest. In Spain it's Catalonia. The list goes on and on. All around the world. Major currencies are hitting new lows against the US dollar. And this is just the beginning. 

Direct download: Gerald_Celente_06.Dec.19.mp3
Category:general -- posted at: 8:00am EST

U.S. Federal Reserve Chair Jerome Powell and Federal Reserve Bank of Boston President Eric Rosengren attend a presentation by the East Hartford CONNects, a Working Cities Challenge initiative, and community residents project at Silver Lane Elementary School in East Hartford, Connecticut, U.S.,

Federal Reserve Chairman Jerome Powell said Monday night that the current level of interest rates should sustain the economic expansion in the United States, signaling that no more rate cuts are likely at the moment.

At a speech in Providence, R.I., Powell said the central bank’s three consecutive rate cuts this year have left interest rates at a level “likely to remain appropriate.” The target federal funds rate is now in the range of 1.50% to 1.75%.

“At this point in the long expansion, I see the glass as much more than half full,” Powell said in Providence. His speech wrapped up a day of meetings in East Hartford, Connecticut, where Powell toured the local community’s workforce development initiatives.

Powell said that while he saw monetary policy as “well positioned,” he reiterated that policymakers are not on a “preset course” and said the Fed’s path on rates could change if there were a “material reassessment” of economic conditions.

Powell’s commentary echoes his remarks to Congress less than two weeks ago, when he told lawmakers that “there’s no reason” why the economic expansion, now the longest in American history, can’t continue. His testimony similarly described interest rate levels as “likely to remain appropriate.”

Powell continued to point to tepid inflationary pressures, weakening global growth, and trade developments as risks that the central bank hoped to hedge against by cutting rates by a total of 75 basis points this year.

‘Far from dull’

But Powell noted that the full effects of those cuts have not been realized yet, adding to the argument that the Fed should pause on further rate cuts while it assesses the effects of its easing.

“The full effects of these monetary policy actions will be felt over time, but we believe they are already helping to support consumer and business sentiment and boosting spending in interest-sensitive sectors, such as housing and consumer durable goods,” Powell said.

Looking back on 2019, Powell acknowledged that monetary policy decisions have been “far from dull.” During the year, the Fed shifted from a commitment to gradual rate hikes, to a pause on interest rate changes, and then to easing policy. 

But through those changes, Powell said the “favorable” outlook from policymakers has not changed much. Powell said the Fed’s pivot to easing helped “keep the favorable outlook on track.”

Powell said letting the economy run has benefited low- and middle- income households, which have seen more rapid wage growth relative to other income groups. Powell said extending the economic expansion will ultimately bolster the “half full” view of the U.S. economy.

Direct download: Al_Caceido_06.Dec.19.mp3
Category:general -- posted at: 8:01am EST

Jeff Ferry joined us to discuss the latest China developments. Seems that things are not always what they seem. Will Trump sell-out Hong Kong? Will China crackdown on this renegade province? AT some point they're going to act and they won't be looking back. They'll be looking straight down the barrel of a gun. And watch out then, we're going to see a blood bath. How will China trade be affected? Especially with riots breaking out around the globe. Beware of economists because they're always wrong. 

Direct download: Jeff_Ferry_05.Dec.19.mp3
Category:general -- posted at: 8:00am EST

There is no alternative to the stock market - TINA. None dare call it QE. Debt monetization like Zimbabwe. $14 trillion of new confetti since 2007. No wonder the market hasn’t crashed yet. But there will be a day when the recession comes and we’ll turn to central banks and they’ll be powerless. We’re already in QE and zero percent money, what else can they do? What about the fiscal side of the leger? Global debt is now $255 trillion, 330 percent of GDP and economic growth is fettered when we’re at 90 percent. Most of the debt is unproductive by nature. $1 trillion in debt during an expansion, wait for $3 trillion when the recession hits. 

Direct download: Michael_Pento_05.Dec.19.mp3
Category:general -- posted at: 8:01am EST

It’s been 10 years now and WS keeps doing the same mistakes over and over again. I urge everyone listening to watch Margin Call and The Big Short, whether you’ve seen them before or not. The lessons of these movies are more relevant than ever. Wall Street has learned that when in doubt, get a bailout. The next one will be here before you know it. As Chris and I discuss, we need a skin-in-the-game economy, where Wall Street and its managers actually risk their own capital and risk complete financial ruin if they tank their companies and industry. Let's go back to the good old day of Wall Street General Partnerships and let's penalize CEO's by taking their accrued fortunes when they kill companies like GE. 

Direct download: Chris_Markowski_04.Dec.19.mp3
Category:general -- posted at: 8:00am EST

Everything about the Democratic Party's election show is a charade and a farce. Nothing is real, especially the candidates. They're as real as the caps on Joe Biden's teeth or the hair-plugs in his scalp. None of them are legitimate candidates. They've been put up by the elites to give the appearance of a hotly seated contest. It's simply a set-up for a brokered convention, or if Biden actually prevails, his stepping down before the convention, to enable the elites to choose the proper candidate. Either way chaos and havoc will reign. So get ready for Trump's second term. I called him in July of 2016 and I'm calling this one now. 

Direct download: TLR474_04.Dec.19.mp3
Category:general -- posted at: 1:41pm EST

Poland just took back $5 billion of gold that was being held for it in London. Is that a sign of things to come? Signs of stress. Probably an important development. An unknown speculator bet $1.75 million on gold hitting $4k per ounce at a point in the future. The latest global debt number came out at over $250 trillion. Central banks are starting to act on the fear of an impending credit bust.

Direct download: John_Rubino_02.Dec.19.mp3
Category:general -- posted at: 8:01am EST

While our neighbor to the north has but a fraction of the US’s population, what happens there is important here as well. Miami’s real estate market is near collapse and hedge funds are taking a hit. What’s happening in Canada is no different than what’s happening here. Nonetheless, the migration from North to South continues on unabated. 

Direct download: Danielle_Park_29.Nov.19.mp3
Category:general -- posted at: 8:00am EST

Cannabis stocks rallied for a second day last Wednesday, buoyed by a historic congressional committee passage of a bill that aims to lift the federal ban on weed, as well as strong gains for Curaleaf after it posted a narrower-than-expected third-quarter loss. 

Curaleaf’s U.S.-listed shares CURLF, +15.23% CURA, +15.07% were last up 15%, as investors shrugged off its revenue miss.

The Massachusetts-based company posted a loss of $6.8 million, or a penny a share, versus losses of $33.7 million, or 9 cents a share in the year-ago period. Revenue rose to $61.8 million from $21.4 million. Analysts polled by FactSet had expected losses of 2 cents a share on revenue of $63.6 million. 

GMP analyst Robert Fagan, who rates the stock a buy, said the numbers were “largely in line with our relatively high expectations.” The revenue number was below his estimate of $67 million. 

He highlighted positives, including good cost control, a sequential rise in sales and that vaping fears had only a mue effect on Select’s sales in the quarter. The company acquired the Select brand in May for CS1.27 billion ($954.7 million). 

Read now: As pot stocks sink, these two guys just raised $120 million to buy

Don’t miss: All the excuses cannabis companies are making for an ugly crop of earnings

MKM analyst Bill Kirk raised his fair-value estimate on the stock to C$8 from C$6 but stuck with his neutral rating on the stock. 

“Admittedly, after weak earnings reports for most of the sector, it feels nice to use positive numbers when talking about Curaleaf’s profitability,” the analyst wrote in a note. “However, we still can’t quite get there on valuation.”

Sentiment on Wednesday was boosted after the House Judiciary Committee voted in favor of the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, which looks to remove the federal ban on cannabis and expunge past convictions. 

Read: Aurora Cannabis stock suffers worst day in more than five years, analyst says ‘it would be fair for investors not to believe them’

The bill, which is being introduced by Committee Chairman Jerrold Nadler, a New York Democrat, passed Wednesday by a 24-10 vote in favor.

“The Senate will take its own time, but then the Senate always does,” Nadler said at a press conference on Tuesday to introduce the bill. He also aimed to sound upbeat ahead of Wednesday’s markup session for the bill: “The energy and the political pressure from the various states is growing rapidly. The Senate is subject to that, too. We’ll accomplish this.”

Also readHouse panel passes bill that aims to legalize marijuana, but top Democrat concedes ‘Senate will take its own time.’

In company news, Harvest Health & Recreation Inc. HRVSF, +8.07% HARV, +6.64% became the latest cannabis company to scale back a previously agreed deal, its plan to buy cannabis licenses in Pennsylvania, Delaware, New Jersey and Maryland from CannaPharmacy Inc. in a deal originally priced at $88 million in cash. 

See now: Canada tells cannabis companies to improve disclosures of cross-holdings

Instead, the companies have agreed that Harvest Health will acquire Franklin Labs LLC, a unit of CannaPharmacy, for $26 million that will be split between $15 million in cash and an $11 million promissory note.

Harvest Chief Executive Jason Vedadi said the new terms will help the company advance its revenue and profitability goals. 

Cannabis stocks are still going through a period of retrenchment after a deep slump in stock prices. Many companies are revising deal terms, cutting costs and considering asset sales as the legal market is developing more slowly than expected and companies continue to post losses.

Harvest made the announcement as it posted a third-quarter loss of $39.1 million, or 14 cents a share, wider than the $453,000 loss posted in the year-earlier period. The company did not offer a per-share loss number for the year-earlier. Revenue rose to $33.2 million from $11.2 million. There are too few FactSet estimates to offer a reliable consensus.

In a similar move, Neptune Wellness Solutions Inc. NEPT, +1.11% NEPT, +3.30%said Wednesday it has reached a mutual agreement with Canopy Growth Corp.CGC, +13.21% WEED, +15.66% to amend and restate their cannabis-processing agreement. The parties have agreed to an amended schedule of processing volumes committed to Neptune by Canopy and to the removal of certain preferential rights granted Canopy related to Neptune’s capacity and pricing. 

“Effective June 30, 2020, volume and pricing will be negotiated between the two parties based on market conditions,” Neptune said in a statement. The 3-year term of the deal remains intact. Neptune’s U.S.-listed shares were down 3.7%, while Canopy was up about 12%.

Direct download: Allison_Ostrander_02.Dec.19.mp3
Category:general -- posted at: 8:00am EST

US exports more petroleum than it imports for the first time ever in November. Stock markets hit all time highs again with DJIA up a huge 3.70%. Dollar was up 1.1%. Euro down to 1.10. Bitcoin crashed yet again to 7705. Metals were off substantially with gold closing at 1464 and silver closing at 17.0. Palladium shot up again to 1822. WTI flat. Uranium up a bigly 8.0 percent to 25.93. Pt to Pd even lower all time low of .49. Gold to silver up again to 86.1. Till next month!

DJIA 11/29/19 28051 3.70%
S&P 500 11/29/19 3141 3.40%
NASDAQ 11/29/19 8665 4.50%
RUS 2000 11/29/19 1625 4.00%
TSX 11/29/19 17040 3.40%
TSX.V 11/29/19 532 -1.10%
MCSI 11/29/19 1040 -0.40%
VIX 11/29/19 12.62  
DXY 11/29/19 98.27 1.10%
EURO 11/29/19 1.1 -1.30%
10 Year 11/29/19 1.78 5.30%
Bitcoin 11/29/19 7705 -15.60%
Au 11/29/19 1464 -3.20%
Ag 11/29/19 17 -5.90%
Pt 11/29/19 894 -3.90%
Pd 11/29/19 1822 2.40%
Cu 11/29/19 2.65 0.30%
WTI 11/29/19 55.42 2.30%
Brent 11/29/19 62.43 3.70%
Henry Hub 11/29/19 2.28 -13.30%
U308 11/29/19 25.93 8.00%
Ratios Au : Ag Pt : Au Pt : Pd
  86.1 0.61 0.49
Direct download: Mickey_Fulp_02.Dec.19.mp3
Category:general -- posted at: 2:33pm EST

According to Cyrus Parsa the greatest threat to humanity comes not from war, over population or disease. No artificial intelligence has the potential to wipe out hun=mantis and the Chinese are leading the way. The big tech companies are at the forefront as well. AI is taking over. 

Direct download: Cyrus_Parsa_02.Dec.19.mp3
Category:general -- posted at: 8:01am EST

George Gammon is one of the most articulate YouTubers out there. George believes that the world is insolvent, especially the United States. The US has been paying interest on interest for decades. There's a limitation to how much money can be printed. Inflation has greatly diminished the purchasing power of the dollar and the worst is yet to come. 

Direct download: George_Gammon_02.Dec.19.mp3
Category:general -- posted at: 8:00am EST

Fidelity has been granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services, as the asset management group continues to woo cautious institutional investors into the “Wild West” of digital assets.

The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said.

Boston-based Fidelity, which has about $2.8tn of assets under management, made clear last year it intended to take the plunge to offer digital assets services to Wall Street, where other regulated groups have held back from the nascent marketplace.

“The custody and trade execution services that we provide are essential building blocks for institutional investors’ continued adoption of digital assets,” Michael O’Reilly, chief operating officer for Fidelity Digital Assets, said on Tuesday.

“The designation as a New York trust company under the supervision and examination of the DFS builds on the credibility and trust we’re establishing among institutions and other market participants,” he said, adding that the group wanted to continue to play a “leading role” in “supporting the maturation of the entire ecosystem”.

Last month, Abigail Johnson, the investment group’s chief executive, told the Financial Times that what had started as a “just for fun” experiment had become a serious drive to build up a viable crypto custody business for hedge funds, family offices and financial adviser clients.

Safekeeping of crypto assets has been a concern for institutional investors because exchanges have been plagued by outages and hacks. Prolific market manipulation and scams in the loosely regulated space have been a deterrent.

Nevertheless, yield-hungry speculators have continued to flock to volatile crypto markets, while some are optimistic that Facebook’s plan to spearhead the launch of its own digital currency, Libra, will further legitimise the space. The price of bitcoin has risen this year from less than $4,000 at the beginning of the year to more than $8,000 today.

To date, New York has issued 23 of the highly coveted licences to companies involved in virtual currency activities in the state. Earlier this year, the department granted a licence to the Intercontinental Exchange, the world’s second-largest exchange group by market value, to provide custody of bitcoin futures via Bakkt, its digital assets arm.

The move signals New York’s keenness to promote itself as a hub for crypto activity, alongside countries such as Switzerland and Malta.

“This approval is further evidence that innovation and consumer protection can coexist in New York’s evolving and expanding financial services industry,” said Linda Lacewell, the DFS’s superintendent of financial services.

Direct download: Eric_Wade_29.Nov.19.mp3
Category:general -- posted at: 8:00am EST

Investigative reporter par excellent Tracy Beanz joined us for the first time. And yes Virginia, there is a deep a state and they're in big trouble. Over the past 50 years the US Government has become a giant Piñata, but you had to be part of an exclusive club to take a swing at it. Trump is kryptonite to this group and they've been trying to take him out since he was inaugurated. The unholy alliance of various bureaucrats, the intelligence community and the media has led to a global nightmare and they almost succeeded in their question for absolute power. Now the question is will AG William Barr, IG Horowitz and US Attorney Durham purge these parties and cut the heads off the hydra? Tracy is optimistic as are we. 

Direct download: Tracy_Beanz_28.Nov.19.mp3
Category:general -- posted at: 8:01am EST

Dusty Rollins specializes in income planning and tax-saving strategies for business owners, as well as college planning, social security maximization, investments, and debt/interest cost reduction. As owner and founder of Oxford Wealth Strategies, his goal is to help his clients design an income plan to make their money last as long as they do, as well as leave a legacy. From his boarding school days in Penang, Malaysia to his graduate studies in Oxford, England, traveling around the world has given him a global perspective on finances and life.

Direct download: Dusty_Rollins_28.Nov.19.mp3
Category:general -- posted at: 8:00am EST

Noted crime researched and gun law expert John R. Lott, Jr and I review the latest developments in gun law and state trends. There’s a big case coming up before the US Supreme Court dealing with New York City’s clearly unconstitutional gun law. John wants to see more cases coming before the Court dealing with the actual right to bear arms, not just to own them in the home. Let’s see what happens next. 

Direct download: John_R_Lott_27.Nov.19.mp3
Category:general -- posted at: 8:01am EST





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