David Stockman: "This Time Is Completely Different…But Not In A Good Way"

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Authored by David Stockman via Contra Corner blog, If you don’t think the stock market is a giant accident waiting to happen, just consider the two most crucial developments—-soaring stocks and soaring deficits— since November 7, 2016. First, on the lunacy side of the equation, the S&P 500 was up 35% at its 2873 peak on January 26, and now the dip-buyers, […]

"Burn Her", "Murderer": Angry Crowd Lashes Out At NRA's Dana Loesch

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During last night’s “unscripted” CNN Town Hall on gun control, NRA spokeswoman Dana Loesch was given the courtesy of expressing her opinion in the spirit of mutual respect. Well, almost. During a question by Stoneman Douglas student Emma Gonzalez, the attendees screamed and heckled her, calling Loesch “a murderer,” as CNN moderator Jake Tapper kept quiet. […]

Gold bulls, brace yourselves – Fed hikes are coming!

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Are they? As usual, the FOMC minutes provoked diverse interpretations, both dovish and hawkish. Let’s analyze them, separating the wheat from the chaff. What do the recent minutes really mean for the gold market? Hawks attack bullion We have long warned investors about the hawkish treat. For example, as early as in the October edition […]

Sibanye-Stillwater turns off dividend tap after annual loss

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JOHANNESBURG, Feb 22 (Reuters) – Precious metals producer Sibanye-Stillwater cut off the dividend stream that has made it an investor darling after reporting an attributable loss for 2017 on Thursday. Sibanye’s share price fell 13 percent, underscoring disappointment among investors who have grown accustomed to hefty dividends from the Gold Fields spin-off. “It’s the cash […]

5 Big Drivers of Higher Inflation Rates Ahead

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Investors got lulled into a state of inflation complacency. Persistently low official inflation rates in recent years depressed bond yields along with risk premiums on all financial assets. That’s changing in 2018. Five drivers of higher inflation rates are now starting to kick in. Inflation Driver #1: Rising CPI The Consumer Price Index (CPI) is […]

Dow Jones Tanks As Silver Market Price Bottoming

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During the last 90 minutes of trading on Wednesday, the Dow Jones Index tanked by 400 points.  Supposedly, the steep selloff had something to do with the release of the Fed minutes.  However, today, the market has reversed once again and is up by 200 points.  Unfortunately for mainstream investors, it doesn’t matter what the… […]

Optimum facing liquidation as mine conditions turn critical

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ESKOM had halted payments to Optimum Coal Mine because it had failed to supply the power utility with its contractual quantity of coal – a development that resulted in Eskom slapping the mine with a R105m fine for under-delivery in January. “We have chosen not to pay Optimum in January as it had failed to […]

The Perverse Power of the Prosecutor

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One of the more important shifts in criminal justice reform over the past five or so years has been a growing awareness of just how powerful and influential prosecutors truly are. Perhaps startled to find themselves under such attention after decades of little to no scrutiny, prosecutors are now pushing back. One common rebuttal prosecutors […]

Goldplat, Rand Refinery bury the hatchet with payment

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GOLDPLAT, the UK-listed gold recovery company, said it had settled a two-year long dispute with Rand Refinery after the refiner agreed to pay an undisclosed amount. The amount is short of the initial R13.5m Goldplat said it was owed. The dispute was related to a batch of silver sulphide that Rand Refinery processed on a toll […]

Deficits Do Matter

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Authored by Michael Lebowitz via RealInvestmentAdvice.com, The Federal Reserve (Fed) has increased the Fed Funds rate by 125 basis points or 1.25% since 2015, which had little effect on bonds until recently. Of late, however, yields on longer-maturity bonds have begun to rise, contributing to anxiety in the equity markets. The current narrative from Wall […]

Russia Deploys Two Brand New Su-57 Stealth Fighters To Syria

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Unverified photos and video footage has emerged on Twitter, showing two new Russian Su-57 stealth fighters, also known as the PAK FA and T-50, landing at Khemimim air base, near Latakia, in northwestern Syria. The two stealth combat aircraft were reportedly part of a larger package of assets deployed to the Russian airbase in Syria. […]

The curious case of Mad River Community Hospital

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Viceroy present further evidence of MiMedx illegally selling on reimbursement, adding our already extensive evidence of pervasive fraud. PDF Download Link Viceroy has obtained documents detailing a legal dispute between MiMedx and Mad River Community Hospital (“Mad River”). The documents clearly outline MiMedx’s fraudulent sales methods including misrepresenting reimbursement rates for products and “marketing the […]

Bill Ackman’s Q4 Trading Activity: Buys Mondelez And Nike

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This post is brought to you by Finbox.io. Sign up for your completely FREE trial today! This hedge fund outperformed the market in Q4 as revealed in its recent 13F filing with the SEC. I take a closer look at Pershing Square’s $5.9 billion portfolio and current stock holdings below. Pershing Square’s Latest Form 13F […]

Florida Teachers Demand State Pension Funds Sell Gunmaker Shares

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Two days ago, while going through the holdings of the Florida teachers pension fund which amount to over $37 billion, Bloomberg found a surprising entry: 41,129 shares in American Outdoor Brands (valued at a meager $528,000, including $306,000 in unrealized profits) according to a Dec. 31 securities filing  listing the plan’s holdings. The company, formerly […]