Comments on The US Markets and The Joke Of Tax Reform
Rick Ackerman joins me today to discuss the discrepancy between the Dow and S&P vs the NASDAQ. The rotation of money within the risk on assets continues but the tech stocks are the ones struggling now. We then dive into tax reform and get Rick’s opinion. As you can expect he is not impressed.
Click here to visit Rick’s website for more of his thoughts.
Click download link to listen on this device: Download Show
Just a thought, should the world or country actually move to bitcoin, whats a person to do once he runs out? where would he get more if nobody pays wages in bitcoin?
Does somebody make another crypto and everyone mines it for income?
How would an economy actually work?
Hey Cori,
Can you ask Rick to analyse a couple of Uranium charts, especially UEC?
Thanks!!!
I’ll bring it up with him next time we chat. Thanks CaliJoe!
Uranium Week: Volatility
By Greg Peel
https://www.fnarena.com/index.php/2017/12/05/uranium-week-volatility/
Uranium producers surge after Kazakhstan’s output cut
December 4, 2017
Rick ! The Feminist Agenda 21 & 30 is Hitting you Repent And Pray fore RICK Boys ! Hard Times !
Silver and Gold Bottom Soon – Bob Moriarty
Silver and gold have hit a new low for the year during December in each of the last five years. They are on track for repeating their journey this year if we are to believe sentiment matters. And I do.
Two measures allow us to gauge sentiment. My favorite is the…
http://www.321gold.com/editorials/moriarty/moriarty120417.html
Love Bob but he’s always a little too early in his projections. But I’m keeping my powder dry and shopping list ready for miners.
The metals / miners have also dipped in Dec the last 2 years on tax loss selling and in anticipation of the Fed rate hike Dec 2015 and Dec 2016. Those were followed by solid rallies in late Dec- Feb/Mar for the “Q1 Run”.
FOMC – Press Conference Two-day meeting, December 12 – 13
https://www.federalreserve.gov/newsevents/2017-december.htm
I’m adding my final tranche in depressed miners this week and the beginning of next week.
History doesn’t repeat but it often rhymes….
It does make me a bit weary though when people like Doc & Jordan Roy-Bryne have stated the pullback could continue into the 1st & 2nd quarters and that it will be the second half of 2018 that really gets going.
The metals / miners sentiment is getting lower each day though, and this reminds me a great deal of what the end of 2014, 2015, and 2016 were like right before a rally into the first quarter. At least it may be a nice tradable rally, and longer term, the current valuations are still very attractive.
not weary…. leery
Repatriation of money into the USA should only occur if that money is to be spent on capital equipment and facility/plant expansion or new facility buildout. Make THAT money tax free. Otherwise, no tax advantage granted.
That money will not create many more jobs and it is likely to get used to buy back more shares to boost EPS and stock prices.
URA went into the 16.20 area today. I had bought back in at 14.50 to 14.10 a few days back.
Many of the Uranium stocks were up 10-15%+ on the day Monday on the Kazakhstan productions cuts. Solid action in U miners so far since late November (just like last year).
Hannity: The American justice system is hanging by a thread
Dec. 04, 2017 – 15:06 – The politics, the corruption and maleficence at play to unseat a duly elected president are far worse than anybody could have ever imagined.
http://video.foxnews.com/v/5667850639001/?playlist_id=930909813001#sp=show-clips
Dismissed FBI Agent Is One Who Changed Hillary Email Scandal Language From “Grossly Negligent” To “Extremely Careless”
Over the weekend we noted that Special Counsel Robert Mueller’s top FBI investigator into ‘Russian meddling’, agent Peter Strzok, was removed from the probe due to the discovery of anti-Trump text messages exchanged with a colleague (a colleague whom he also happened to be having an extra-marital affair with).
Not surprisingly, the discovery prompted a visceral response from Trump via Twitter:
Spot on comments about Amizon, Rick.
When gold is tracked world wide by the block chain, gold bugs will party. Coming soon!
https://www.centralbanking.com/central-banks/reserves/gold/3325486/uk-royal-mint-to-use-blockchain-to-track-gold-trades