Short the S&P 500 and Go Long Gold Miners Time?

by Kimble Charting The precious metals sector continues to be a “grind”, offering a few trades but mostly sideways to lower action. Gold prices have slogged along and this had held the Gold Miners (NYSEARCA:GDX) back… until recently.  The Gold Miners (GDX) and the broader Gold & Silver Miners Index (XAU) came to life in September and October. The miners … Read more

Migrant Caravan As A Weapon

by SP So a “migrant caravan” of 5,000 people (or is it 14,000?) crosses from Honduras in to Guatamala.  This is 2,000 plus miles from the USA.  A crowd with families walks at 2 mph x 10 hrs/day, they are still 100 days away from El Paso, TX.  The migrant caravan comes to the forefront of … Read more

How this miserable October compares to other election years? So far, worst since 1978 and second-worst ever for midterm years.

“Global Systemically Important Bank Stocks” Down 27% in 10 Months “We are entering a time when the economy was likely to slow down anyway, but if stocks continue to crash and global banking woes escalate, that is going to spread fear and panic like wildfire.” The End of Bank Profits for Nothing as Depositors Abandon … Read more

The Triumph of Dubious Cover-Ups by Government Officials

By LV In the third quarter of the nineteenth century, when he was confronted with damning evidence of Tammany Hall corruption, William “Boss” Tweed famously challenged anyone who made such an accusation with this taunt:  “Well, what are you going to do about it?”   That’s how powerful and invulnerable Boss Tweed thought he and his cabal of … Read more

One of the largest pot stocks goes public…

From Business Insider: Aurora Cannabis, one of the largest Canadian marijuana producers, is going public on the New York Stock Exchange. When Aurora’s shares start trading on Tuesday morning, the company will join a select list of cannabis producers that are listing on US-based exchanges. While US-based exchanges were initially reluctant to list Canadian marijuana producers, … Read more

U.S. SHALE OIL INDUSTRY: Catastrophic Failure Ahead

BY SRSROCCO While the U.S. Shale Industry produces a record amount of oil, it continues to be plagued by massive oil decline rates and debt.  Moreover, even as the companies brag about lowering the break-even cost to produce shale oil, the industry still spends more than it makes.  When we add up all the negative factors weighing … Read more

Technically Speaking: Risk Of A Bigger Correction Rising

by Lance Roberts In this past weekend’s missive “Market’s Cling To Support,” I noted the early February correction process where we saw a similar short-term bottoming process where the initial bounce failed then bounced in mid-March before failing again to retest the February lows.  On Monday, the market broke through the 200-dma which puts portfolio management on high … Read more

Are Millennials About To Get Slaughtered?

Authored by Kevin Muir via The Macro Tourist blog, The other day I wrote a piece “When will chasing the hot stock no longer work?” which outlined how “price momentum” was the main driving factor during the recent stock market rally. I went through how value stocks have been sucking wind ever since the Great Financial Crisis. … Read more

A California judge has rejected Monsanto’s appeal to overturn a landmark jury verdict which found that its popular herbicide causes cancer

Dewayne Johnson originally won $289m after finding Roundup weedkiller caused illness, but judge reduces financial award A California judge has rejected Monsanto’s appeal to overturn a landmark jury verdict which found that its popular herbicide causes cancer. The judge’s ruling on Monday largely sided with Dewayne “Lee” Johnson, a father of three and former school groundskeeper, who won … Read more

Even more trouble for Tesla…

From The Verge: Tesla’s cars may be high-tech, but that doesn’t mean they’re foolproof when it comes to security. This fact is on display in a new video that shows, without the proper protections in place, that it’s not that hard to steal one of the company’s cars. The video shows two thieves skulking around a … Read more