Friday, 21 February 2020
Thursday, 20 February 2020
Coronavirus Slams Airbnb, Airlines, Hotels, Casinos, San Francisco, Other Hot Spots
- Source, Wolf Street Report
Tuesday, 18 February 2020
George Soros: "Remove Zuckerberg From Facebook Now... He'll Get Trump Re-elected"
In a brief but scathing letter to The Financial Times, billionaire George Soros demands that both Mark Zuckerberg and Sheryl Sandberg should be removed from their leadership roles at Facebook or else President Trump will get re-elected.
The two Facebook leaders are, according to the leftist puppet-master, allegedly “engaged in some kind of mutual assistance arrangement with Donald Trump that will help him to get re-elected.”
Full letter below:
Mark Zuckerberg should stop obfuscating the facts by piously arguing for government regulation (“We need more regulation of Big Tech”, February 17).
Mr Zuckerberg appears to be engaged in some kind of mutual assistance arrangement with Donald Trump that will help him to get re-elected. Facebook does not need to wait for government regulations to stop accepting any political advertising in 2020 until after the elections on November 4. If there is any doubt whether an ad is political, it should err on the side of caution and refuse to publish. It is unlikely that Facebook will follow this course.
Therefore, I repeat my proposal, Mark Zuckerberg and Sheryl Sandberg should be removed from control of Facebook. (It goes without saying that I support government regulation of social media platforms.)
George Soros
Paris, France
Soros' exultations follow his late January NYTimes op-ed also saying that Mark Zuckerberg should not be control of Facebook, claiming that the social media company is going to get Trump re-elected - because it’s good for business.
"I repeat and reaffirm my accusation against Facebook under the leadership of Mr. Zuckerberg and Ms. Sandberg. They follow only one guiding principle: maximize profits irrespective of the consequences. One way or another, they should not be left in control of Facebook. "
One can't help but think that Soros' feathers are ruffled here for him to come so hard after Zuck - does he think it's all over for Dems in November?
The two Facebook leaders are, according to the leftist puppet-master, allegedly “engaged in some kind of mutual assistance arrangement with Donald Trump that will help him to get re-elected.”
Full letter below:
Mark Zuckerberg should stop obfuscating the facts by piously arguing for government regulation (“We need more regulation of Big Tech”, February 17).
Mr Zuckerberg appears to be engaged in some kind of mutual assistance arrangement with Donald Trump that will help him to get re-elected. Facebook does not need to wait for government regulations to stop accepting any political advertising in 2020 until after the elections on November 4. If there is any doubt whether an ad is political, it should err on the side of caution and refuse to publish. It is unlikely that Facebook will follow this course.
Therefore, I repeat my proposal, Mark Zuckerberg and Sheryl Sandberg should be removed from control of Facebook. (It goes without saying that I support government regulation of social media platforms.)
George Soros
Paris, France
Soros' exultations follow his late January NYTimes op-ed also saying that Mark Zuckerberg should not be control of Facebook, claiming that the social media company is going to get Trump re-elected - because it’s good for business.
"I repeat and reaffirm my accusation against Facebook under the leadership of Mr. Zuckerberg and Ms. Sandberg. They follow only one guiding principle: maximize profits irrespective of the consequences. One way or another, they should not be left in control of Facebook. "
One can't help but think that Soros' feathers are ruffled here for him to come so hard after Zuck - does he think it's all over for Dems in November?
- Source, Zero Hedge
Monday, 17 February 2020
Investing In Gold: The Biggest Upside With the Smallest Risk
On Wednesday, colleague E.B. Tucker held his Explosive Profits Summit… and pulled back the curtain on what he calls “the most explosive securities in America.” They’re a little-known type of security that, for just pennies on the dollar, can deliver double- and triple-digit gains in months.
For example, his subscribers are already sitting on 867% gains – and counting – from a single investment E.B. recommended last February. And he has plenty more opportunities like those on his radar… So don’t miss the replay of E.B.’s big event. Then read on for this weekend’s Diary guest feature…
E.B. taps into his background as a gold-industry insider. And he shows you why he’s convinced gold will surpass its $1,900 all-time high this year…
I am very confident about gold right now.
After spending six years in a crippling bear market, gold came to life over the summer.
With little press attention, gold quickly shot from $1,270 in early May to nearly $1,550 in early September.
I’ve gone on record predicting gold will surpass its 2011 high of around $1,900. That’s about a 22% gain from here. And I expect that to happen in 2020.
A new bull market is underway… and I don’t see it slowing down anytime soon.
Gold mining stocks – which provide leverage to a rising gold price – will surge. I’ll explain why in more detail below.
But they’re not the only way to profit as this rally gains momentum.
Today, I’ll show you another way to participate in the coming gold boom. It involves miners… but it can limit your risk.
First, let me break down why the gold mining industry is a good bet right now…
World’s Worst Business
As we say all the time, gold mining is the world’s worst business. It’s capital-intensive. It’s labor-intensive. If a gold mine turns up in a difficult country, its leaders endlessly extort the operators.
So if it’s such a bad business, why would you invest in it?
Because the best feature of gold miners is how they perform when gold surges higher in price.
For example, take gold’s current price of about $1,556 per ounce. Many mining companies do not make money, or barely break even, at that price. However, if the price moves $100 higher, they’ll be in the black. That means a small move higher in gold has the potential to turn a mining firm from a money-loser into a money-maker almost overnight.
Few industries offer that kind of operating leverage. Gold miners are ultra-sensitive to movements in the price of gold. When it moves higher, they surge.
By and large, the gold mining industry hasn’t seen profits for years. That doesn’t get into the industry’s terrible track record of what to do with the profits in those infrequent cases.
After years of this, investors had enough with the industry. The 2013-2019 downturn in gold prices shown in the chart above was the final straw. Companies had little ability to raise money to run the business, much less look for new sources of gold.
That’s a key part of the mining industry. It takes about 10 years to develop a gold mine. And every ounce mined is one fewer sitting in inventory.
Imagine a shoe store owner runs out of money. He stops ordering from suppliers. And he sells existing inventory to pay bills. After a while, the shelves get thin. If shoe demand unexpectedly surges, he won’t be ready for it.
Each year, the gold mining industry pulls close to 110 million ounces from the ground. But, starved for investment capital, the industry has neglected the business of replacing the ounces it pulls from mines each year.
Pierre Lassonde, co-founder of Franco-Nevada (FNV), recently pointed this out. He said that for the ’70s, ’80s, and ’90s, in each decade, the industry found one 50-million-ounce gold deposit, several 30-million-ounce deposits, and numerous 5- to 10-million-ounce deposits.
He went on to say:
But if you look back at the last 15 years, we found no 50-million-ounce deposits, no 30-million-ounce deposits, and only very few 15-million-ounce deposits.
As the chart below shows, mines currently in production are running out of ore. Just four years from now, the 100-plus million ounces produced from existing mines today will fall to fewer than 90 million.
This is Economics 101. When supply dwindles at the same time demand surges, you’ve got the makings of a frenzy.
Where will new gold supplies come from? Remember, it takes a decade to permit and develop a mine.
That could spark an even bigger surge in the demand for gold. If it does, the gold market – and gold miners – would jump higher quickly. There’s simply not enough supply.
That’s why gold miners are a great option for getting some exposure to the gold boom. But there’s an even better way to play this trend…
For example, his subscribers are already sitting on 867% gains – and counting – from a single investment E.B. recommended last February. And he has plenty more opportunities like those on his radar… So don’t miss the replay of E.B.’s big event. Then read on for this weekend’s Diary guest feature…
E.B. taps into his background as a gold-industry insider. And he shows you why he’s convinced gold will surpass its $1,900 all-time high this year…
I am very confident about gold right now.
After spending six years in a crippling bear market, gold came to life over the summer.
With little press attention, gold quickly shot from $1,270 in early May to nearly $1,550 in early September.
I’ve gone on record predicting gold will surpass its 2011 high of around $1,900. That’s about a 22% gain from here. And I expect that to happen in 2020.
A new bull market is underway… and I don’t see it slowing down anytime soon.
Gold mining stocks – which provide leverage to a rising gold price – will surge. I’ll explain why in more detail below.
But they’re not the only way to profit as this rally gains momentum.
Today, I’ll show you another way to participate in the coming gold boom. It involves miners… but it can limit your risk.
First, let me break down why the gold mining industry is a good bet right now…
World’s Worst Business
As we say all the time, gold mining is the world’s worst business. It’s capital-intensive. It’s labor-intensive. If a gold mine turns up in a difficult country, its leaders endlessly extort the operators.
So if it’s such a bad business, why would you invest in it?
Because the best feature of gold miners is how they perform when gold surges higher in price.
For example, take gold’s current price of about $1,556 per ounce. Many mining companies do not make money, or barely break even, at that price. However, if the price moves $100 higher, they’ll be in the black. That means a small move higher in gold has the potential to turn a mining firm from a money-loser into a money-maker almost overnight.
Few industries offer that kind of operating leverage. Gold miners are ultra-sensitive to movements in the price of gold. When it moves higher, they surge.
By and large, the gold mining industry hasn’t seen profits for years. That doesn’t get into the industry’s terrible track record of what to do with the profits in those infrequent cases.
After years of this, investors had enough with the industry. The 2013-2019 downturn in gold prices shown in the chart above was the final straw. Companies had little ability to raise money to run the business, much less look for new sources of gold.
That’s a key part of the mining industry. It takes about 10 years to develop a gold mine. And every ounce mined is one fewer sitting in inventory.
Imagine a shoe store owner runs out of money. He stops ordering from suppliers. And he sells existing inventory to pay bills. After a while, the shelves get thin. If shoe demand unexpectedly surges, he won’t be ready for it.
Each year, the gold mining industry pulls close to 110 million ounces from the ground. But, starved for investment capital, the industry has neglected the business of replacing the ounces it pulls from mines each year.
Pierre Lassonde, co-founder of Franco-Nevada (FNV), recently pointed this out. He said that for the ’70s, ’80s, and ’90s, in each decade, the industry found one 50-million-ounce gold deposit, several 30-million-ounce deposits, and numerous 5- to 10-million-ounce deposits.
He went on to say:
But if you look back at the last 15 years, we found no 50-million-ounce deposits, no 30-million-ounce deposits, and only very few 15-million-ounce deposits.
As the chart below shows, mines currently in production are running out of ore. Just four years from now, the 100-plus million ounces produced from existing mines today will fall to fewer than 90 million.
This is Economics 101. When supply dwindles at the same time demand surges, you’ve got the makings of a frenzy.
Where will new gold supplies come from? Remember, it takes a decade to permit and develop a mine.
That could spark an even bigger surge in the demand for gold. If it does, the gold market – and gold miners – would jump higher quickly. There’s simply not enough supply.
That’s why gold miners are a great option for getting some exposure to the gold boom. But there’s an even better way to play this trend…
- Source, Silver Bear Cafe
Saturday, 15 February 2020
This stock market rally is not real, but the gold sector is going to explode
“From a fundamental perspective, what’s changing is that the gold mining companies are now thinking of themselves as investment vehicles that generate free cash flow and can pay dividends,” Mancini said.
- Source, Kitco News
Friday, 14 February 2020
John Rubino: If Anything is Allowed to Fail, Everything Fails
Businesses, retirement funds, and investors are starting to believe that, “All news is 'Good News' now.“ Soberly translated, the central banks' actions reveal that things have become so distorted, so interconnected, and so poised on a knife’s edge, that, “Nothing fails until the currency fails - and then everything fails.”
- Source, Reluctant Preppers
Thursday, 13 February 2020
The Coronavirus Is A Nightmare For The Global Economy
Most (if not all) of China's ports are no longer shipping. International flights are increasingly banned from the country.
When the world's #2 economy hangs up a big "CLOSED" sign, that's going to result in a major negative impact on global trade.
As the manufacturing powerhouse to the world, you'll be challenged to think of ANY industry that won't experience serious supply chain interruptions and shortages from China's woes.
Did you know China makes the vast majority of our prescription pharmaceuticals?
A MASSIVE hit to the global economy will directly result from the damage the coronavirus is currently doing. And it may get worse, a lot worse.
- Source, Peak Prosperity
Tuesday, 11 February 2020
The Ultimate 2020 Forecast for Gold
- Source, Peter Schiff
Saturday, 8 February 2020
Gold demand: this is the biggest story of the decade says the Perth Mint
“Certainly, the big story over the last decade has been central bank buying of gold. For the 10th year in a row, central banks have been net buyers, and I think a lot of private investors are saying if central banks are buying gold, shouldn’t we also do the same?” Hicks told Kitco News.
- Source, Kitco News
Friday, 7 February 2020
Ted Butler: Silver Shorts Are In a Bind
- Source, Reluctant Preppers
Tuesday, 4 February 2020
The Bullish Uptrend for Gold has Much Further to Run
Stage Analysis answers many questions about how markets perform and can be an excellent strategy to minimize risk. Bottom picking stocks can be risky since resistance often takes a long time to overcome.
He is waiting for the next breakout in gold, and lastly, he gives his opinion on uranium.
- Source, Palisade Radio
Monday, 3 February 2020
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