Wednesday, January 31, 2018

"Not For A Zombie Apocalypse." Isn't That Something Someone Who Was Secretly Developing A Zombie Factory Would Say?

Elon Musk and the World's Fastest-Selling Flamethrower

When Elon Musk announced that he was fed up of Los Angeles traffic and planned to start a tunnel digging company—named The Boring Company—in order to bypass it, people assumed he was joking. Less than a year later, Musk began sharing images of the first tunnels being dug under the city.

Tuesday, January 30, 2018

I Hope This Makes The U.K. Feel A Little More Lonely

Eurozone economy growth hits highest in decade

Growth in the eurozone shot up in 2017, putting Europe at the centre of a global recovery and on par with levels of expansion not seen since before the financial crisis, according to figures released on Tuesday.

Well I Was Not Anticipating This

Amazon joins with Berkshire Hathaway, JPMorgan to form health-care company

SEATTLE — Amazon, Berkshire Hathaway and JPMorgan Chase said on Tuesday that they would form a health-care company aimed at lowering the cost of care for their U.S. employees and reducing costs to the companies.

Thursday, January 25, 2018

Right Of Centre And Pro-Deregulation: This Should Be Fun

US Senate confirms Jerome Powell as next Fed chairman

The US Senate on Tuesday confirmed former investment banker Jerome Powell as head of the Federal Reserve, putting President Donald Trump's pick in a role of enormous influence over the world's largest economy.

Wednesday, January 24, 2018

Ending Poverty Seven Times Over

Report: Wealthy Earned Enough to End Poverty in 2017

Last year, the world's billionaires made over $462 billion combined, enough money to end extreme poverty around the globe seven times over. With a new billionaire added to the list nearly every two days, wealth inequality widened, according to a new report from Oxfam.

In The Future, More Valuable Than Gold

Editorial: California must not miss rare chance to increase water storage

When Californians overwhelmingly approved Proposition 1 in 2014, voters made clear their desire for additional water storage in anticipation of future droughts. Opportunities to build significant storage occur only once or twice in a century.

God I Hope So....

China hopes to work with Japan on ties

China said on Tuesday it hopes Japan will work together with it to develop bilateral ties along the right track, after Japan voiced its hope to improve relations. Healthy, stable development of ties aligns with the interests of both peoples and will aid regional peace and development, Foreign Ministry spokeswoman Hua Chunying said in a daily news conference after Japanese Prime Minister Shinzo Abe made a speech to parliament on Monday.

Tuesday, January 23, 2018

Silver (SLV) Could Be In For A Tough Time

The gains that can be made from silver always surprise me, but its often after gold has made a move. Because of it's industrial applications silver can also move quite independently. On the daily charts Silver ETF (SLV) seems to have been hanging around the MA(144) however a few sell signals seem to be emerging.
On the weekly charts a more worrying picture emerges, and this just a few days after several posts have been made about about fantastic precious metals look. SLV appears to be coming up to a few resistance levels with a larger declining triangle going in. 

Lithium (LIT) Putting In A Bear Flag?

Just something I noticed on the weekly charts for Lithium ETF (LIT). Lithium has shown an enormous amount of growth in the last while and as a long term investment I absolutely love it, but it appears that a bear flag has gone in at the end of this parabolic rise. Commodities in general look like they might be in for a bit of a hard time coming up so please take profits and consider some well positioned shorts with tight stops.

Now I Hadn't Quite Anticipated This Development

Fed Up With Expensive Medications, Hospitals Are Banding Together to Make Their Own Drugs

Frustrated by constant price gouging and supply shortages, some of the nation's largest hospital systems are banding together to create their own nonprofit drug company. The collaboration, which currently includes about 300 different hospitals, as well as the Department of Veteran Affairs, will be dedicated towards creating generic versions of medications that have undergone major price increases in recent years.

Monday, January 22, 2018

Regional Isolation Could Lead To Further Infiltration By Russia

Pence arrives in Israel after being upbraided in Egypt, Jordan for White House policies

JERUSALEM — Vice President Mike Pence arrived on relatively friendly territory in Israel late Sunday after the leaders of Egypt and Jordan, two of the America's closest Arab allies, publicly rebuked him for the Trump administration's upending of the Israeli-Palestinian peace process.

Commodities (DBC) Putting In A Sell Signal

Commodities ETF DBC is putting in a solid looking sell signal. It's had a fantastic run of late but like everything else in the wider market a healthy pullback is needed. I have no idea how far this is going to go so I've drawn in some prospective support lines, but these days anything is possible. We've had a crossover on the EMA's and confirmation on the RSI(5) so if you have profits on the table please take them and perhaps consider a very small short as well!

You're Telling Me!

China Says U.S. Govt Shutdown Exposes 'Chronic Flaws'

China’s official news agency said in a commentary on Sunday that the shutdown of the U.S. government exposed “chronic flaws” in the U.S. political system. Funding for federal agencies ran out at midnight on Friday in Washington after lawmakers failed to agree on a stopgap funding bill.

Saturday, January 20, 2018

I Don't Think People Fully Appreciate The Significance Of This Move For The Airline Industry In The Long Run

Norway aims for all short-haul flights 100% electric by 2040

All of Norway's short-haul airliners should be entirely electric by 2040, the country's airport operator said on Wednesday, cementing the Nordic nation's role as a pioneer in the field of electric transport.

Friday, January 19, 2018

Go Toronto!!

Amazon names 20 finalists in search for HQ2

SEATTLE — Amazon on Thursday narrowed the field in its search for a second headquarters city, plucking 20 finalists from among the 238 proposals the retail giant received in October. The list included several cities widely seen as favorites, including Atlanta, Austin, Texas, and Boston.

We Need A Breather. Maybe This Is A "Sell" Signal?!? Probably Not, But It Is Oversold

I've gotten a little cynical of this market because of it's euphoric climb but things have started to get both oversold on short-term and long-term charts. Below is an illustration of a just a few of the charts where I have drawn in the same circle at the end of the chart with lower highs on the RSI(5). I don't have sell signals elsewhere so I'll be honest, yes the market is oversold but I haven't had any confirmations yet. We gotta ride this out!


Technology: XLT

Brazil: EWZ

China: FXI

Thursday, January 18, 2018

The China Of Africa (And With A Growth Rate That's Beating Them Too)

Ghana's Economy Will Top Africa in 2018

Ghana is tipped to lead Africa as the fastest growing economy in 2018 with a growth rate of eight per cent as a result of increased oil and gas production, which boosts exports and domestic electricity production.

Wednesday, January 17, 2018

And This Is Just The Beginning, I Suspect

China to step up cryptocurrency crackdown

China is preparing for a new crackdown on cryptocurrency, planning to stamp out remaining trading in the country, according to state media. China will gradually clean up over-the-counter trading platforms, peer-to-peer networks where large exchanges occur and firms registered in the country which allow Chinese to trade overseas, the state-run Securities Journal said Tuesday.

Tuesday, January 16, 2018

Silver Miners Are Breaking Out (SIL)

I haven't posted in a while because of a load of on-calls at the hospital. I haven't written on Silver Miners ETF SIL for ages because its appeared below the MA(144), so why bother? Well, it has rocketed to it over the last month and then paused right at the MA(144). Since then it has finally broken above it which is very bullish. The EMA's are appropriately positioned except for a long-term momentum indicator which is still negative (and this is understandable given the history that SIL is going to have turn before it becomes positive). I think a sizeable investment while this climbs is advised. The inflation trade is now back on!

Reading Something That Makes You Go "Hmmmmmm"

Germany to add China's yuan to currency reserves

Germany's central bank has said it will include China's yuan in its reserves, giving another boost to Beijing's drive to internationalise the currency and helping send the unit to two year highs. The Bundesbank said its board had decided in July to invest in the renminbi, as it is also known, to take account of its growing importance globally, though it did not say when it would begin to include it or how much it would purchase.

Sunday, January 14, 2018

I Think We Can Thank Some Of The Events In Syria For This

EU more dependent on Russian gas despite bid to diversify

Despite repeatedly vowing to reduce its energy dependency on Moscow, Europe is more reliant on Russian gas than ever before -- and there are few signs of this trend reversing. Russian gas giant Gazprom said this month it had completed record deliveries towards Europe and Turkey in 2017 at a total of 193.9 billion cubic metres -- eight percent higher than its previous record, set in 2016.

Sure, But Exchanges In South Korea and Indonesia Are Going Offline

Cryptocurrency rivals snap at Bitcoin's heels

Bitcoin may be the most famous cryptocurrency but, despite a dizzying rise, it's not the most lucrative one and far from alone in a universe that counts 1,400 rivals, and counting. Dozens of crypto units see the light of day every week, as baffled financial experts look on, and while none can match Bitcoin's $200-billion euro ($242 bilion) market capitalisation, several have left the media darling's profitability in the dust.

Saturday, January 13, 2018

I'm Always Bullish On Anyone Developing Composite Materials

Scientists are making carbon fiber from plants instead of petroleum

Cheaper, plant-based carbon fiber could be used to make lighter cars that consume less fuel. Carbon fiber Jeremiah Wong Carbon fiber is the Superman of materials. Five times stronger than steel and a fraction of the weight, it is used in everything from tennis rackets to golf clubs to bicycles to wind turbine blades to passenger airplanes to Formula One race cars.

Ahhhhhhhhhhhhhh!! I Can't Take No More (As I Jump Out Of A Window While Simultaneously Slashing My Wrists)!

Oprah vs Trump in 2020?

Oprah, Democrats have turned their lonely eyes to you. Still smarting from somehow forfeiting the White House to a popular TV celebrity, bruised and bemused Democrats are longing, it seems, for another popular TV celebrity to win it back soon.

Ah, The Irony. The U.S. Mexico Border Wall Would Be Funded By Taxed Marijuana Sales.

Legal Marijuana Would Create One Million Jobs: Report

Legalizing marijuana nationwide would create more than one million new jobs within the next decade, a new study says. Analysis from New Frontier Data, a firm that focuses on the marijuana industry, also found that the federal government would create at least $131.8 billion in federal tax revenue over the next eight years if cannabis were legalized in all 50 states.

Friday, January 12, 2018

My Prediction Is That The U.S. Is Going To Walk From NAFTA

As US-Canada tensions mount, Mexico is measured on NAFTA

In the run-up to the latest North American Free Trade Agreement (NAFTA) renegotiations, friction is high between Canada and the US -- with Ottawa determined not to bow to the Trump administration's demands, while Mexico opts for a more measured approach.

Here We Go Again....Again

Trump’s "Shithole" Countries Are Worth $46.6B In Trade

During a bipartisan meeting on immigration reform Thursday President Donald Trump fumed about how the U.S. takes immigrants from “shithole” countries. Yet the countries—and indeed continents—that angered him are worth billions in trade to America.

Thursday, January 11, 2018

Of Course None Of This Has To Do With Laundering Money To Russia

Trump Administration Gives Lucrative Waiver To Trump’s Bank

The Trump administration has waived part of the punishment for five megabanks whose affiliates were convicted and fined for manipulating global interest rates. One of the Trump administration waivers was granted to Deutsche Bank — which is owed at least $130 million by President Donald Trump and his business empire, and has also been fined for its role in a Russian money laundering scheme.

Theoretically Though, It Could Halt Them

China denies report it could halt US bond purchases

China denied on Thursday a report that it may slow or cease its purchases of US Treasury bonds, calling it a possible case of "fake news" after the dollar tumbled following the story. Bloomberg News reported Wednesday that officials reviewing China's foreign-exchange holdings had recommended slowing or halting purchases of US Treasuries, citing people familiar with the matter.

Wednesday, January 10, 2018

Because It's Already Bankrupt, What Businesses Are Left To Rejuvenate It?

Europe's 'largest casino complex' to open in Cyprus by 2021

A casino complex billed as the largest of its kind in Europe is scheduled to begin operations in Cyprus by 2021, giving a major boost to the economy, officials said Tuesday. Macau's Melco International and its Cypriot partner Cyprus Phassouri Ltd presented their plans in Nicosia for the first casino resort in the internationally recognised south of the Mediterranean holiday island.

Wait, Trump Has A Spiritual Adviser?

Trump's Spiritual Adviser: Send Me Your Salaries

Donald Trump’s spiritual adviser has suggested that people send her money in order to transform their lives, or face divine consequences. Paula White, who heads up the president’s evangelical advisory committee, suggested making a donation to her ministries to honor the religious principle of “first fruit,” which she said is the idea that all firsts belong to God, including the first harvest and, apparently, the first month of your salary.

Tuesday, January 09, 2018

This Should Take Any Bearish Wind Out Of The Market's Sails

South and North Korea Meet For Peace Talks, Already Lifting Travel Bans

In what looks like a revival of South Korea's "Sunshine Policy" of the late 1990s, North Korea has joined talks that could lead to peaceful relations between the two familial foes. Delegates from North and South Korea announced in a joint statement that they had met for peace talks, for the first time in two years, in order "to relieve military tensions" between the two countries.

Monday, January 08, 2018

And Still They Won't Listen

Warren Buffett Slams Trump's Economic Plans

Warren Buffett has a message for the Trump White House: trickle down economics don’t work. As the third richest man in the world with a net worth of nearly $86 billion, it’s safe to say that when 87-year old Warren Buffett talks about the economy, people listen.

Sunday, January 07, 2018

France Can't Miss This Train

Europe casts a wary eye on China's Silk Road plans

Depending on who you ask in Europe, China's colossal East-West infrastructure programme is either an opportunity or a threat -- and when French President Emmanuel Macron visits next week, Beijing will be watching to see how keen he is to jump on board.

And I Expect This Is Why The Volatility Will Continue

Different approaches to bitcoin in Asia

From clampdowns to a warm embrace, regulators in Asia have taken very different approaches to dealing with the bitcoin phenomenon. Here are the developments in a few key markets: - Chinese clampdown - In mid-September, China's central bank, the People's Bank of China (PBOC), told virtual currency trading platforms based in Beijing and Shanghai to cease market operations.

Thursday, January 04, 2018

Dude. You're Only Learning This Now?

Legal cannabis to generate $40bln, 400,000 jobs: study

The legal cannabis sector is expected to generate $40 billion and more than 400,000 jobs by 2021 in the United States, according to a study released Tuesday. The estimate by consulting firm Arcview includes direct purchases by consumers of $20.8 billion and indirect revenue for growers and various subcontractors as well as money spent with businesses not affiliated with the sector, such as supermarkets.

Who Needs The Dollar Anyway?

Pakistan allows use of Chinese yuan for trade, investment

Pakistan will allow the Chinese yuan to be used for imports, exports and financing transactions for bilateral trade and investment activities, in a move economists said Wednesday would simplify a massive Chinese investment project.

Wednesday, January 03, 2018

China Continues To Make All The Right Moves

Rail system to grow by 4,000 km in 2018

Much of 732 billion yuan budget is for high-speed system China plans to spend 732 billion yuan ($112.7 billion) on railway projects in 2018 to continue building its world-leading rail system, said Lu Dongfu, general manager of China Railway Corp, the nation's railway operator, on Tuesday.

The Crossroads Of Canada's Northern Communities And The Oil/Gas Industry

A red alert for the future Arctic

By Edward Struzik, Queen's Institute for Energy and Environmental Policy, School of Policy Studies, Queen's University, Ontario. The Norman Wells pipeline connects oil fields in the Northwest Territories to Alberta.

Tuesday, January 02, 2018

All Of A Sudden People Are Realising In Might Be Good For Business

Marijuana Legalization 2018: Which States Will Approve?

The legal marijuana market could blaze across the United States in 2018. At least 12 states are poised to consider marijuana legalization laws this year, with more potentially joining as legislative sessions continue — making 2018 a potentially pivotal year in the burgeoning bud movement.