CLO (collateralized loan obligation) markets starting to tank. Market for risky corporate debt is softening and turning to real junk. Even the WSJ ran a story about people going even further into debt. There's ever more underwater car loans because of negative equity in the consumer's current auto. By rolling over the balance into a new loan, they’re effectively paying interest on interest. How can all of this end well for the country or the consumer? 

Direct download: John_Rubino_11.Nov.19.mp3
Category:general -- posted at: 8:00am EST

The risks of getting and paying for a college education have never been higher. That's why Robert Farrington's site is so valuable. Robert teaches Millennials how to choose and pay for college. Before undertaking 6 figure debt, it's essential that you have a college strategy. That means, figuring out the value of your eventual diploma, assuming you make it through the rigors of higher education. Robert says, figure out what your 1st year earnings out of college will be and then don't exceed that figure in student loans. A site that gives an invaluable view of what you're in for is College Scorecard. There's information here that has never been available before. It will help you and your child make a more rational decision. 

Direct download: Robert_Farrington_05.Nov.19.mp3
Category:general -- posted at: 8:00am EST

Peter Hanks joined DailyFX as a Junior Analyst after contributing market insights while still a student at Loyola University Chicago where he received his degree in Finance. Actively trading since he was a teenager, Peter focuses on using fundamental analysis to trade around macroeconomic issues, while utilizing technical analysis to find attractive entry and exit points. His experience ranges from spot currency, commodities, stocks and options. In his role at DailyFX, Peter centers his attention on the US equity market, closely following earnings season and other corporate developments that are influenced by broader macroeconomic matters. To that end, he has conducted presentations on the stock market impact from themes that include trade wars, global growth, geopolitics and monetary policy at the Chicago Trader's Expo.

World stocks edged higher on Tuesday, lifted by strong earnings from big U.S. drugmakers Merck and Pfizer and expectations of another dose of policy stimulus from the U.S. Federal Reserve, while oil prices pared earlier losses. European shares slid as they headed toward their worst quarterly earnings in more than three years.

The benchmark U.S. S&P 500 index eked out a fresh record high, led by Merck and Pfizer, though a disappointing profit report from Google parent Alphabet kept the technology-rich Nasdaq in the red. The index breached its all-time high set in July on Monday, spurred by hopes of a U.S.-China trade deal and expectations of another Fed rate cut. The steepening of the two- and 10-year yield curve suggests a budding risk-on sentiment among investors, now that some form of a U.S.-Sino trade agreement is likely.

Direct download: Peter_Hanks_06.Nov.19.mp3
Category:general -- posted at: 8:01am EST

According to noted columnist and expert Bill Whittle, the Right has already won the culture war. It's hard to believe, given how left-wing Hollywood is, but he's convinced it's true. There's a lot of evidence to back up his thesis. Movies that feminize men and seek to push the progressive agenda are getting killed at the box office. Left-wing news outlets are dying a painful death. How much longer before the social justice warriors acknowledge defeat and throw in the towel?

Direct download: Bill_Whittle_05.Nov.19.mp3
Category:general -- posted at: 8:00am EST

Should Sex Work Be Decriminalized? Elizabeth Warren; Bernie Sanders and Kaytlin Bailey say yes. Prostitution has been called the world's oldest profession. But outside of a handful of counties in Nevada, it's illegal in the U.S. A movement is now gaining traction to decriminalize sex work. The City Council in Washington, D.C., and the New York state Legislature are considering separate decriminalization bills. Under decriminalization, selling and buying sex would still be illegal but would carry no criminal penalties. Several Democratic candidates for president — including Elizabeth Warren, Bernie Sanders, Kamala Harris and Cory Booker — have said they would consider decriminalizing sex work nationwide.

My main issue with Kaytlin was why not just legalize and regulate it. She's of the opinion that the brothel owners will benefit, rather than the lowly prostitute. And what about street walkers, should we encourage them to ply their trade on the mean streets of America? Kaytlin is of the opinion, supposedly backed by research that street walkers are a result of so-called sex work being illegal. Once decriminalized all that will end. 

What's your opinion? 

Direct download: Kaytlin_Bailey_05.Nov.19.mp3
Category:general -- posted at: 8:01am EST

Crista Huff is bullish on the stock market. So are we. But is it really just a melt up or is it a sign that the real economy is taking off? We don't really know the answer to that one yet. But we do know that a trend in motion stays in motion. And right now the trend is bullish, so until it stops, we have higher numbers to look forward to. 

Direct download: Christa_Huff_04.Nov.19.mp3
Category:general -- posted at: 8:00am EST

The Fed would like you to believe that there’s nothing to see here. Just a seasonal blip and there’s no reason to be concerned. Dave believes there’s something far more profound taking place. Could all the credit bubbles be getting ready to pop? Is there major bank asset deterioration taking place? It’s not just the debt, it’s all the derivatives that are wrapped up around the debt. If the underlying debt blows up, so will the derivatives that were created to profit off of it. There’s a good chance that the hedge fund industry has hit hard times. The physical gold market has become detached from the paper market. Now we’re in the midst of India’s major gold buying season. Imports have shot up and so have premiums. Now things could be getting interesting. China is still buying gold every day.. They could be part of the reason why gold shot up in the summer. 

Direct download: Dave_Kranzler_05.Nov.19.mp3
Category:general -- posted at: 8:01am EST

The swine flu epidemic in China has reached a new phase. Chinese are now switching from pork to chicken. Currently there’s a Chinese Embargo on the importation of US chicken products, which will probably be lifted  shortly. Egg demand is also increasing dramatically. Which leads to the question, Which leads to the question, which will they run out of first, the chickens or the eggs? Ned recommends a number of companies that will profit from this state of affairs. Finally, will the swine flu epidemic give China an added impetus to reach a much sought after trade agreement with Trump? 

Direct download: Ned_Schmidt_04.Nov.19.mp3
Category:general -- posted at: 8:00am EST

Stock markets were up again in October with DJIA up .5%. Dollar was down 2%. Euro up to 112. Bitcoin up to 9131. Metals were up with gold closing at 1512 and silver closing at 18.07. Palladium shot up again to 1780. WTI flat. Uranium down to 24. Pt to Pd still at all time low of .53. Gold to silver eased to 83.7. Till next month!

DJIA 10/31/19 27046 0.50%
S&P 500 10/31/19 3038 2.00%
NASDAQ 10/31/19 8292 3.70%
RUS 2000 10/31/19 1562 2.60%
TSX 10/31/19 16483 -1.10%
TSX.V 10/31/19 538 -3.80%
MCSI 10/31/19 1044 4.30%
VIX 10/31/19 13.22  
DXY 10/31/19 97.22 -2.20%
EURO 10/31/19 112 2.40%
10 Year 10/31/19 1.69 0.60%
Bitcoin 10/31/19 9131 10.50%
Au 10/31/19 1513 2.80%
Ag 10/31/19 18.07 6.50%
Pt 10/31/19 935 6.40%
Pd 10/31/19 1780 7.60%
Cu 10/31/19 2.64 1.90%
WTI 10/31/19 54.18 0.20%
Brent 10/31/19 60.23 -0.90%
Henry Hub 10/31/19 2.63 12.90%
U308 10/31/19 24 -5.90%
Ratios Au : Ag Pt : Au Pt : Pd
  83.7 0.62 0.53

 

Direct download: Mickey_Fulp_04.Nov.19.mp3
Category:general -- posted at: 9:37am EST

The Fed has no choice, once they started cutting rates, they have to continue to cut rates. No doubt there will be a trade deal with China. They’re out there looming and the financial markets like these headlines. It sells and that’s all that matters. Record highs on Wall Street. It doesn’t matter that there’s no long term solution, everyone has to wear a happy face. But eventually, real news will prevail. We’re in the midst of an 11 year bull market. The average is 6 years, so where does that leave us. Healthy borrowers are now at a premium. Cutting rates won’t change that. We’re out of good credits to loan money to. 

Direct download: John_Rubino_04.Nov.19.mp3
Category:general -- posted at: 8:00am EST

Trilogy Metals is on the cusp of a major expansion/transition. And renowned mining veteran CEO Jim Gowans is the man to lead them through the next phase.

Trilogy's Ambler District is what he calls a stranded asset. A polymetallic project with huge amounts of copper, zinc, lead, silver and gold, it's remote location in the Arctic Circle has kept it off the radar until recently. While the resource has long been known to exist, its harsh inaccessible venue made development extremely challenging. This is exactly the type of project that Jim has brought to fruition many times in the past, as he did with the Red Dog mine located in the Northwest Arctic Borough of Alaska, just west of the Ambler District. Right now approvals are being sought for a toll road which will give road access to Ambler.

Jim is one of very few managers who has the talent and experience to such a project online. South 32 the giant Aussie mining company has an option agreement with Trilogy to obtain a 50% percent interest in Ambler in exchange for $150 million, already having invested $30 million and should they exercise it (decision due in January 2020), this could be the catalyst that's needed to reset Trilogy's market value. 

All of this makes Trilogy Metals a stock worth your attention.. 

Direct download: Jim_Gowans_01.Nov.19.mp3
Category:general -- posted at: 1:30pm EST

Months ago Craig said on this show that the Fed would soon be cutting interest rates and that gold was looking just the way it did in 2009, just before its meteoric rise. He’s been right on both counts as gold took off and the Fed has just cut rates for the third time this year. But of course they’re very hesitant about the next cut, but will they do it just the same? Find out more of what’s in store in this interview. 

Direct download: Craig_Hemke_27.Oct.19.mp3
Category:general -- posted at: 8:01am EST

According to Chris Vermeulen gold is finishing its consolidation and will soon be heading into to much higher territory. The stock market is finishing it’s 10 year old bull market as well. Cycles are turning and there’s just no getting away from it 

Direct download: Chris_Vermeullen_27.Oct.19.mp3
Category:general -- posted at: 8:00am EST



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