Submitted by Tyler Durden on 02/27/2016 - 15:11
Certain aspects of this market have become relatively easy to predict. I told my partners yesterday that they would take silver below $15 once the U.S. paper market was the only market open market on Friday (today). Soon as the London p.m. fix was set, the NY paper market manipulators went to work and they hammered silver. Interestingly the mining stocks have been very reluctantly going down these past two trading sessions. This is quite remarkable given that, from the HUI’s low-close of 100.77 on January 19, the index has run up as much as 67%. It’s due for a “technical” pullback but it seems to be yielding rather grudgingly.
There may be a message in that. I’ll be rolling out a Mining Stock Journal next week to complement my Short Seller’s Journal. Subscribers the SSJ will be able to join the MSJ for half-price.
Submitted by Tyler Durden on 02/27/2016 - 13:00 "...for 240 years it’s been a terrible mistake to bet against America, and now is no time to start..." Or is it?
Submitted by Tyler Durden on 02/27/2016 - 17:35 At the end of the day, America is on a slippery slope toward failure because the Warfare State and the Welfare State are suffocating what was once a prosperous capitalism and a resilient free society lightly intruded upon by the machinery of state. But now both parties have become handmaidens of the state. Maybe The Donald’s startling but palpable momentum toward the White House will have one saving grace. His relentless campaign against the “politicians” and the Washington money rackets may end up knocking the hypocritical stuffings out of both parties.
Submitted by Tyler Durden on 02/27/2016 - 17:10 Everyone was in good spirits in Shanghai this week. Well, almost everyone...
by EconomicPrism.com’s MN Gordon (annotated by Acting-Man.com’s Pater Tenebrarum), via Zero Hedge:
It all seems so systematic, arranged, and orderly. Sixty seconds make a minute, 60 minutes make an hour, 24 hours make a day, and one day equals one complete rotation of the planet earth. Roughly every 30 days the moon orbits the earth – which is one month. Then every 12 months the earth orbits the sun – which is one year. So far so good…right?
But here’s where the nice and neat order of it all breaks down. For if you try to measure one of earth’s orbits of the sun in days it’s not so divinely tidy. For it takes 365 days plus an inconvenient 6 hours to fully complete the cycle. Nonetheless, we don’t let these inconvenient 6 hours hamper our perfection.
If it quacks like a duck and walks like a duck, then it is a duck. If dozens of nations are engaged in simultaneous war games, on both sides of ongoing disputes, then one must conclude that World War III is at hand.
This article represents a brief whirlwind tour around the globe to demonstrate the escalating preparations for war. When war breaks out, national leaders and their generals will not be the least surprised. However, the people, the taxpayers, the ones with children that will be drafted and sent off to die, will be totally caught off-guard. The people have a right to know what is coming and this article is written in this spirit.
Submitted by Tyler Durden on 02/27/2016 - 16:08 If using I/B/E/S GAAP earnings, which exclude the barrage of pro-forma write offs, addbacks, "non-recurring items" and countless other "misleading numbers that can deceive investors", what one gets is a true shocker: instead of 118 in LTM EPS for the S&P 500 (shown in red in the chart below) the true, Warren Buffett-approved number (shown in blue in the chart bellow) is a paltry 91.5! This is also the lowest S&P500 GAAP earnings per share since 2010.
Submitted by Tyler Durden on 02/27/2016 - 15:40 So-called political pundits are a ubiquitous sight on mainstream news, particularly during the run-up to a presidential campaign — but their ties to the candidates they analyze remain obfuscated, downplayed, or altogether left out by host networks.
Submitted by Tyler Durden on 02/27/2016 - 14:18 "Ellwood National Forge Co., Irvine, Pennsylvania (W52P1J-16-D-0041); and General Dynamics Ordnance and Tactical Systems, Garland, Texas (W52P1J-16-D-0042), were awarded a $682,900,000 firm-fixed-price, foreign military sales contract (Turkey) for BLU-109 penetrator bomb bodies and components"
Submitted by Tyler Durden on 02/27/2016 - 13:35
Submitted by Tyler Durden on 02/27/2016 - 12:30 Central bankers are like alcoholics - drunk on stupidity and arrogance; and, like a suffering alcoholic, reticent to address the real problem.
On the heels of California’s gross violation of human rights, medical ethics and parental choice with SB 277 (the vaccine mandate), Colorado is looking to bring the medical police state to the Rocky Mountains. House Bill 1164 was just passed by committee on its way to a state congressional vote. It would demand that the names and addresses of all unvaccinated children be tracked on secret lists maintained by the state government.
See the full text of the proposed bill at this link. It was sponsored by representative Pabon in the House, and Aguilar and Humenik in the state Senate.