Recapping The Fed Statement and Market Reaction
We all know the Fed raised rates but there was a lot to discuss beside the actual rate hike. Chris Temple helps me recap the Fed’s statement and how the markets reacted… Or lack of reaction in some sense.
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Cfs……you better hide your Picasso………. 🙂
cfs…….I know you have better taste than that…………I have a lady friend(friend only) at the Univ. of Florida who makes better art………give me a couple of mill and I will connect you with her…. 🙂
Her husband is a professor of engineering…….you two will hit it off…… 🙂
Head of the Dept……..
You did notice the title of the artwork above, I hope.
Yes I did after the second take……..I knew you had better taste than the basquiat….
I thought you might be needing to expand your art collection…..while silver is taking a breather….. 🙂
Looks like GOLDMAN SAKERS is involved……..in the mess…..
read at zerohedge……………just another day in the circus………
Barnum and Blankfein………
ira epstein metals
I think Ira, has a better hair stylist than Lloyd………….
JOKe of the day…………EU reaches bail out deal with GREECE…….I love Greece, I hope that all the people overcome the idiots in the EU…………..
Natural Gas Industry Blasts Nuclear Power With Fake News
James Conca , Contributor – JUN 15, 2017
Fake news seems to work………why not………. 🙂
There is already so much disinformation being pushed into the market about Nuclear, that yeah, the Nat Gas industry is fine trying to kick sand in the eyes of the nuclear industry while it’s down. As if radical environmentalists and disingenuous lobbyists weren’t already spreading enough blatantly fallacious info about Nuclear Energy, now the big oil cartels have joined the party…..
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from the article linked above:
“The American Petroleum Institute has flooded the airwaves in Ohio and Pennsylvania with anti-nuke commercials and has even drawn AARP into the fray by pushing fear – fear of higher prices and fear of radiation. Just the opposite of what is true.”
“This is ironic since the natural gas industry emits more radioactivity than all of nuclear in America combined. And more people die every year from natural gas than any other electricity source except coal.”
Good point………..
DOE invests $66 million in advanced nuclear technologies
15 June 2017
“The US Department of Energy (DOE) yesterday announced investments worth over $66 million in projects that will help advance innovative nuclear technologies. A total of 85 projects are to receive a share of the federal funding for nuclear energy research, facility access, crosscutting technology development and infrastructure awards.”
Is is good that the Depart Of Energy is investing again in Nuclear, as the recent report from the US was not very attractive considering so many plants are losing money.
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More Than Half of America’s Nuclear Reactors Are Losing Money
by Jim Polson – June 14, 2017
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That is the problem with how Obama pissed away so much money on Solar and how the subsidies are still greatly tilted to Renewable energy over nuclear, even though Nuclear energy is the ONLY 24-7 baseload power generation input that doesn’t give off carbon emissions. Environmental nutcases that don’t get this fact and pressure to close down nuclear plants only shift more of the base-load power back over to Coal and Oil/Gas, so it is counter-productive to the extreme. Most people are just sadly under-educated on how the energy sector works, and bought into garbage fear tactics internet videos about nuclear that are full of so much misinformation, that it’s no wonder so many are confused.
Anti-Nuke Dogma Trumps Common Sense On Nuclear Energy
James Conca, CONTRIBUTOR
Someone posted this comment on ceo.ca and he makes a good point:
@thehack – “Latest US sanctions against Russia are targeting energy, specifically oil and gas. Would be good to see Trump include uranium. I’d suggest anyone interested in seeing the U market come to life, get on twitter and ask the don why the US imports $6.5 billion worth of U from Russian controlled sources! $dml $efr $uec $ure $nxe $fcu”
Here’s Morris Hubbartt’s Uranium Participation chart and it indicates a rally is due….
(U)
http://www.321gold.com/editorials/sfs/hubbartt061617/uto.png
China completing another nuclear reactor and Japan’s court clear two more reactors for restart
Brian Wang | June 15, 2017
Enter the Nimble Dragon: China looks to small reactors for Nuclear edge
Wed Jun 14, 2017 – By David Stanway
Jesus will make the markets insane and give you DOLLAR HELL !!!!!!
I think Chris have good feelings but the world is FLAT !
The world is not flat………
see Isaiah 40:22, Matthew 12:40, Luke 17:34, Job 26:7…….
FLAT EARHT ! https://www.youtube.com/watch?v=kcRlxKW07GA
Go back to sleep James……….you have been fooled by mother nature….. 🙂
Bombings never fool day still booming the bombs you know ?
Not sure what you mean……..
I don’t know the USA will have a event stay cool .
Cool is the way……………peace……..
The markets are already insane……..
epstein end of day
http://www.zerohedge.com/news/2017-06-15/furious-trump-lashes-out-afternoon-tweetstorm
So Don J.; Obama had a pen and a phone. He must have left one in the White House.
Why don’t you call up the Attorney General (or write) and instruct him to investigate.
Especially the Clinton Foundation for improper filings and TAX EVASION.
That should take out Bill, Hillary and Chelsea all together.
Oh and while you are at it, Don J. Trump.
Get the investigation to look at Obama’s Foundation. He is using it to tax evade his lecture and book fees.
Let’s see if IPT can hang on to its big gain for tomorrow’s weekly close…
http://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=7&mn=3&dy=0&id=p37633251976&a=529157338
GDXJ outperformed GDX today while GOEX outperformed GDXJ. This is bullish action.
For those who can view a 2 hr chart, GOEX reversed precisely at Schiff fork support and has recaptured the uptrend support line (drawn off of the May 9 low):
http://stockcharts.com/h-sc/ui?s=GOEX&p=120&yr=0&mn=3&dy=0&id=p68102076409&a=529656057
Budget Director Mulvaney Releases Phase 1 Of Plan To Slash Government Waste
The White House Office of Management and Budget Director Mick Mulvaney announced earlier today ‘Phase 1’ of the Trump administration’s plans for a massive government reorganization, a move meant to increase the efficiency and productivity of the federal government
Govt waste……it is about time someone address the waste.
The congress should just go home for 6 months, and forget what is going on in DC.
If, all they have to do is play baseball, something is wrong.
Just throw Hilly and Billy in jail, round up 1/2 of congress and throw away the key, End the FED, audit the treasury, declare a Jubilee……problem solved.
Mr. Mulvaney, the solution to cutting the budget is really simple.
ZERO BASE BUDGETING.
&
Scrap the automatic increase each year.
WASHINGTON (AP) — Figures on government spending and debt in millions of dollars. The government’s fiscal year runs Oct. 1 through Sept. 30.
Total public debt subject to limit June 14 $19,808,747
Statutory debt limit $19,808,772
Total public debt outstanding June 14 $19,845,893
Operating balance June 14 $163,941
Interest fiscal year 2017 thru April $172,830
Interest same period pvs fiscal year $148,472
Deficit fiscal year 2017 thru April -$344,42 7
Deficit same period pvs fiscal year -$352,906
Receipts fiscal year 2017 thru April $1,928,742
Receipts same period pvs fiscal year $1,914,651
Outlays fiscal year 2017 thru April $2,273,169
Outlays same period pvs fiscal year $2,267,556
Gold assets in April $11,041
How about jail for Central Banking. Save a whole lot more a lot faster. Throw in the Government co-defendants also.
I think we all knew that was coming………how could a special deep state special counsel resist………Jared was an easy target…..more confusion….like all attorneys they like to rack up the air time…..the guy is going to make millions on this investigation, above and below the table……………….jmo
The oil industry is washed up. Calgary has between 13 million to 14 million sq. ft. of empty commercial building space and that is over 30% of their capacity and more than all the commercial space in Vancouver. Calgary is not going to come out of this bust. They are kaput as there are now 2 million electric cars worldwide and growing rapidly.
Alberta will not be able to support two National Hockey League franchises in the future. Either The Edmonton oilers or The Calgary flames, will disappear. Alberta has done nothing to diversify it’s economy. A classic example of planned obsolescence. DT
Albertans at one time were referred to as “The Blue Eyed Arabs’ because of their oil wealth. At one time 30 years ago their Heritage Fund had so much money that they were thinking of separating from Canada, OH! how times can change. They aren’t alone The Saudis and all the other oil rich middle eastern countries will soon be riding high on the backs of camels. DT
Sounds like a Calgary stampede ……..
Danielle Park says it’s time to break up the big banks:
Dang ,she is only about 11 yrs too late…………
What was that girls name …Merrith Whitney ? …..that first talking about the banks failing
It is even dangerous to be a Trump supported in that hotbed of rest, Indiana:
http://www.cnbc.com/2017/06/15/snap-stock-falls-back-to-its-ipo-price-of-17-for-the-first-time.html
Snap down from 29 to 17. I remember mentioning it would drop 50%. It should bounce strongly from a lower level near 10.
The Fed is just going to keep raising rates until the GDP goes negative and we have a recession and then they will look good when they starting lowering rates.
Gary Savage:
I have to agree with Gary about the oil stocks.
COP:
http://stockcharts.com/h-sc/ui?s=COP&p=D&yr=1&mn=0&dy=13&id=p63053660425&a=529726239
The dollar is also shaping up well:
http://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=0&mn=10&dy=13&id=p19806677990&a=529726933
I took my loss on gdx and put that into a very strong stock – BP. It is up more than 2% from my cost. Bought some disco near the bottom too. Will add more to BP as soon I get a bounce on my XOP to get out.
Greg Hunter
Greg Mannarino:
FYI on Cryptos
Michael Pento:
More Clinton corruption:
Mark Levin:
REJOINING THE DARK SIDE
by Kevin Muir — The MacroTourist – on stocks , Fed 15 Jun 2017
“After many months of fighting all the naysayers predicting the next big stock market crash, I am finally succumbing to the seductive story of the dark side, and getting negative on equities. I am often early, so maybe this means the rally is about to accelerate to the upside. I am willing to take that chance. It would be just like me to pound the table on the long side, and then abandon the trade right before it goes parabolic.”
From Tesla Cars to Underwear, Metal Makers Seek New Markets
June 13, 2017 – Susanne Barton , Mark Burton , and Laura Millan Lombrana
“The world’s biggest mining companies would like you to put more zinc in your zucchini and copper in your socks and dental floss.
While builders and manufacturers remain the biggest metals users, producers are confronting the end of a Chinese industrial boom that fueled surging global demand and prices. For more than a decade, the country dominated markets as it sucked up raw materials to build factories, homes and power lines. Now, with the industrial engine cooling, mine owners are looking for new uses to spur sales like in fertilizer, electric-car batteries and salmon cages.
“Traditional demand isn’t going to fall off a cliff,” said Paul Gait, an analyst at Sanford C. Bernstein Ltd. in London. “But it’s true that no one wants to hear about industrial production growth or Chinese cement demand anymore.”
BEZO BUYS WHOLE FOODS……for $14Billion……the model is changing…..
Whole foods just became unhealthy……..will think twice before entering store again.
Whole Check for Bezo is not going to happen here…………. lol
The root of your writing while sounding reasonable at first, did not settle perfectly with me after some time. Somewhere throughout the sentences you actually managed to make me a believer unfortunately only for a short while. I nevertheless have got a problem with your jumps in assumptions and one might do well to fill in those gaps. If you can accomplish that, I would certainly be amazed.
http://rakeworld.com/index.php?do=/blog/36140/a-couple-of-fabulous-methods-on-pest-control-prices/
HOLLYWOOD FANS
DOJ moves to SEIZE DICAPRIO’s Picasso……….in a money laundering scheme ….