Looser Financial Conditions Should Support Economic Growth and Stocks in the Second Half

Proxy metrics for financial conditions from the US dollar, to interest rates to corporate bond spreads have been loosening since June and suggest continued moderate economic growth in the second half of 2017 and a firm equity market. In this post we’ll briefly highlight how these measures of financial conditions point to a firmer manufacturing […]

Will Muller take the plunge and cut Implats’ loss-making platinum?

IT will be interesting to see how Nico Muller opens his account at Impala Platinum (Implats), the company of which he was appointed CEO in December (effective April 2017). His predecessor, Terence Goodlace, clashed with analysts early in his tenure in respect of the scope of Implats’s flagship mine, the Lease Area, now called Rustenburg […]

NAFTA: Rock, Paper, Scissors

The North American Free Trade Agreement is more than 20 years old and should be updated.  This has been clear for several years.  It was anticipated that the upgrade would be part of the Trans-Pacific Partnership, which had entered its final stages of negotiations before President Trump pulled the US out of the effort that […]

“Rock Bottom Retail” Flashes a New Buy Signal

This post “Rock Bottom Retail” Flashes a New Buy Signal appeared first on Daily Reckoning. “Rock bottom retail” is at it again. Brick and mortar retailers were largely ignored during last week’s stock market swoon. But now that the dust has settled, one thing is certain: Retail earnings are mess. In fact, no relief is […]

Silvercorp Reports Intersection of 4.48 Meters True Width Grading 1,050 Grams per Tonne Silver and 15.92% Lead at the SGX Mine, Ying Mining District, China

Snippet:  Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM / NYSE AMERICAN: SVM) is pleased to report the results of the first half of its 2017 exploration program at the SGX mine, Ying Mining District, Henan Province , China. Author(s):  Silvercorp Metals Inc Trading Symbol:  TSX: SVM    NYSE AMERICAN: SVM VANCOUVER, Aug. 15, 2017 /CNW/ […]

Africa Beat for the week ended 11 August 2017

Economic Update DRC – Standard & Poor’s (S&P) downgrades credit rating on rising political and economic risk Credit rating agency, S&P, downgraded DRC’s short-term and long- term local and foreign currency sovereign credit rating A revised outlook from a negative to stable was maintained even though the DRC’s currency was downgraded According to S&P, foreign […]

U.S-China Trade Wars and the Gold Boom

This post U.S-China Trade Wars and the Gold Boom appeared first on Daily Reckoning. “This is just the beginning — I want to tell you that,” President Trump said while speaking, with his economic council behind him, on investigating Chinese trade practices. “This is just the beginning.” Trump, hitting directly on his campaign promise from […]

If you’re 53 to 71 years old… *New Retirement Warning*

This post If you’re 53 to 71 years old… *New Retirement Warning* appeared first on Daily Reckoning. Well this is concerning. According to a survey conducted by Legg Mason, American baby boomers on average are in terrible shape when it comes to savings for retirement. These poor folks are woefully underfunded. To be clear, Legg […]

Currency Hedging: A Double-Edged Sword For Equity Investors

The US dollar has had a rough ride so far in 2017. The Federal Reserve’s Trade Weighted US Dollar Index that tracks the major currencies has tumbled roughly 8% year to date through last week’s close. The greenback’s slide, however, has delivered a substantial return premium for US investors who own foreign assets in funds […]

Is There Any Validity to the Claim that Bitcoin Could Be a Trojan Horse?

by by JS Kim This article is copyrighted, and subject to all international copyrighting laws. Republishing of this article is strictly prohibited unless expressed written consent has been given by SmartKnowledge Pte Ltd. A Critical Thinker’s Exposition of Bitcoin As it stands right now, in August of 2017, I believe that the topic of cryptocurrencies […]

Diversify Into Gold Urges Dalio on Linkedin – “Militaristic Leaders Playing Chicken Risks Hellacious War”

– Don’t let “traditional biases” stop you from diversifying into gold – Dalio on Linkedin – “Risks are now rising and do not appear appropriately priced in” warns founder of world’s largest hedge fund – Geo-political risk from North Korea & “risk of hellacious war” – Risk that U.S. debt ceiling not raised; technical US default – Safe haven gold likely […]

Kropz ices controversial Langebaan phosphate project

KROPZ, a private company aiming to establish a 1.5 million tonne per year phosphate fertiliser plant in the Western Cape, has suspended development of the venture citing technical, market, and regulatory problems. The Elandsfontein project has faced opposition from environmental and community groups which have lodged court applications fearing it will compromise the water in […]

Insider Weekly: “How Are They Going To Build All These Electric Cars?”

Elon Musk, Tesla, and electric cars are the talk of the town these days. But what few, if any, investors seem to be asking themselves is how are they going to build all these cars? It’s a question we delve into in this week’s Insider Weekly. Welcome! For newer members, a quick and dirty. Each […]

Greenback Firms, Encouraged by Dudley and Ebbing of Tensions

NY Fed President Dudley appears to have stolen any potential thunder in the July FOMC minutes that will be released tomorrow.  While we put more emphasis on today’s US retail sales data and the August Fed surveys, many others argued that the minutes were the key report this week.   Dudley essentially confirmed what many economists […]

CHARTS: Mining once again one of biggest drivers of US economy

The real value added to the US economy by the mining, construction and manufacturing sectors spiked in the first quarter of 2017, in what is considered another clear sign of a reversal of fortunes in an industry that suffered in previous years from a sustained rout in commodities prices. Real value added to the US […]

Daily Solutions – 15 August 2017

JOHANNESBURG – The JSE closed in positive territory on Monday, as global risk assets were buoyed by signals that diplomacy would come to the fore in the stand-off between North Korea and the US. Global equity markets were hit by risk-off sentiment from Wednesday last week, after a back-and-forth between Pyongyang and US President Donald […]

Artisanal miners’ protests heat up in Colombia

Two trucks carrying wood were set on fire Monday in the midst of protests taking place around the Colombian towns of Segovia and Remedios, located in the northern Antioquia department. For the past 25 days, some 10,000 artisanal and ancestral miners operating in the area have been on strike and rallying against expansion plans by […]

Investors Who Dare to Be Different Stand a Better Chance for Success

By John P. Reese In 2006, Oaktree Capital co-chairman Howard Marks wrote a memo titled Dare to Be Great in which he delivered a simple but provocative statement about investing: “This just in: you can’t take the same actions as everyone else and expect to outperform.” Being different, he argues, is “absolutely essential if you […]