Mike's Content

Is This The Biggest Jerk In America

Posted by Michael Campbell

on Saturday, 31 October 2015 15:07

We know there is a lot of competition but really – what kind of jerk steals a souvenir puck from a little boy. Dan Bylsma coached the Pittsburg Penguins for six years before being let go at the end of the 2013-14 season. He now coaches the Buffalo Sabres and in his first trip back to Pittsburg last night – he tossed a puck that had come into his bench to a little boy. Outrageously – a man now nominated for biggest Jerk in America – steals the puck. 
 
But don’t worry – Bylsma with the help of the Penguins came to the rescue with an autographed Sydney Crosby jersey. – Mike Campbell
 
Click on image to watch video:
 
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1.  The Yin and Yang of Gold, and Turning Points …

     by Larry Edelson

Right now there are several key turning points arriving between now and the end of the year.

….read more HERE

2. Doug Casey Answers Five of Today’s Biggest Investment Questions

•  The implications of cheap oil…

•  Specific steps you can take to protect your money from the next financial crisis …

• His thoughts on gold and other commodities…

• His thoughts on China…

• Who will win the U.S. election…

….read more HERE 

3. Time to Keep Your Cash in the Microwave?

     by Bill Bonner

“A negative nominal interest rate – meaning a negative rate before you account for inflation – implies an odd world… 

…maybe even a world that cannot really exist” 

….read more HERE

Liberal Majorities Historical Effect on Stock and Bond Yields

Posted by Aaron Stuart - Canaccord Genuity

on Saturday, 31 October 2015 14:13

Screen Shot 2015-10-31 at 8.04.22 AMA Liberal majority: time to lock-in low mortgage rates? If the last 40 years are any guide, a Liberal majority implies below-average equity returns in Canada, higher bond yields and a lower Loonie. Among these asset classes, our conviction on higher bond yields is the highest. History aside, the Liberals’ platform provides the most stimuli to the economy. As such, investors….

….continue reading more including analysis on Tightening Can-US bond spreads, CDN$ depreciation and view 3 large charts HERE

Faber on the “mad professors at central banks”

Posted by Ross Clark for Bob Hoye - Institutional Investors

on Friday, 30 October 2015 20:39

If Fed raises interest rates, it will still be less than cost of living…

….also:

China Has Credit Bubble of Epic Proportions. Faber examines China’s economic slowdown 

 

Screen Shot 2015-10-30 at 2.06.01 PMDr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber ‘s typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he’s been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.

PWC REPORT RECAPS MALAISE, BUT RECENT TRACTION MAY INDICATE SIGNS OF LIFE

If it wasn’t already clear, the junior companies that explore, develop, and mine the world’s metals are struggling. PwC recently recapped the malaise of these companies in its latest Junior Mine 2015 report, along with highlighting some success stories of those that have been able to bypass the onslaught.

The report, which looks at the Top 100 junior mining companies traded on the TSX Venture exchange, had findings that makes junior mining executives want to bury their heads in the sand. The average market caps of exploration companies is down -51.2% from 2014 to 2015. The amount of money raised in equity and debt markets for exploration companies is down -33.4% over the same timeframe. 

Furthermore, the average company on the Top 100 list has $7 million cash, which is down from $10 million last year. In 2011 the average cash in the bank was $22.7 million. 

Remember, these are the results of the “best” companies in the space. This doesn’t include the zombies or any of the other hurting companies.

SIGNS OF LIFE?

Every coin has two sides, and here’s the other side to this one. Over the last two months, data shows that things aren’t getting worse. In fact, it could even be argued that things are getting better. 

Since the end of the “flash crash” that hit markets on August 24th, when the Dow dropped 1,100 points in the first five minutes of trading, miners have been up. The TSX Venture is up 4.1%, the GDXJ (Junior Gold Miners ETF) is up 3.9%, and the HUI (Basket of Unhedged Gold Stocks) is up 8.0%. Even more spectacular is the GLDX (Global X Gold Explorers ETF), which is up a solid 17.0% since the August lows.

This is obviously not anything definitive. However, seeing all four of these major indices up at the same time is a good sign. 

Now we just need a rags-to-riches story like that of Voisey’s Bay to get the market really humming.

Courtesy of: Visual Capitalist

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