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  1. phil

    Coal/Seer – They have 200 years worth of coal only the Earth wouldn't have 200 years left if they actually burned it.   

    Jabob:

    Image result for chapstick for kissing ass

    Charity Coins/BDC – Well why doesn't Citibank just get a printing press and make up some currency and circulate it under the same conditions?  Because it's illegal!  Just because it's "crypto-coins" and not paper money doesn't make it more legal.  At some point, this goes to the Supreme Court.

    Congress's power to coin money is exclusive: under Article I, Section 10, the states are not permitted to "coin Money; emit Bills of Credit; [or] make any Thing but gold and silver Coin a Tender in Payment of Debts…." Whereas the prohibitions on the states are clear and detailed, Congress's grant of power under the Coinage Clause is open-ended.

    Nonetheless, certain elements are clear. First, Congress is granted the authority to "coin money," which authorizes Congress to coin money from precious metals such as gold and silver. Under the Articles of Confederation, the power to coin money was a concurrent power of Congress and the states. To create a more standardized monetary system and reduce the costs of running mints, the Constitution granted this power to Congress exclusively. The elimination of the states' power to coin money and the exclusive grant to Congress provoked controversy because the power to coin money was traditionally understood as a symbol of political sovereignty. Second, Congress is empowered to regulate the value of the coins struck domestically and to set the value of foreign coins. Under the Articles, Congress held the former power but not the latter. The Constitution gave both powers to Congress to encourage domestic and foreign commerce by preventing the states from attaching disparate valuations to circulating coins.

    In a series of nineteenth-century cases dubbed The Legal Tender Cases, the Supreme Court addressed the federal government's power to order its bills of credit to be accepted as legal tender for all debts, public and private. In Hepburn v. Griswold (1870), the Court held it a violation of the Obligation of Contract Clause to retroactively alter contract terms by permitting payment in "greenbacks" of an obligation incurred in gold dollars. Greenbacks were not immediately redeemable in gold. Following a dramatic change in membership, however, just one year later in the Knox v. Lee (1871), the Court expressly overruled Hepburn and upheld the Legal Tender Act as applied to both prospective and retrospective debts. Pointing to the crisis occasioned by the Civil War, Knox upheld the power to declare paper money to be legal tender. In Julliard v. Greenman (1884), the Supreme Court extended Knox, upholding the validity of legal tender laws during peacetime. The Court held that the federal government's monetary power was inherent in its sovereignty; thus it need not be enumerated in the Constitution. Justice Stephen Field's blunt dissent declared, "If there be anything in the history of the Constitution which can be established with moral certainty, it is that the framers of that instrument intended to prohibit the issue of legal tender notes both by the general government and by the States; and thus prevent interference with the contracts of private parties." The recognition of Congress's expansive discretion on monetary issues in The Legal-Tender Cases was later used to support the federal government's invalidation of gold clauses in private contracts in the 1930s.

    April/Latch – I think if we survive Q1 with the tax law changes and earnings, then we're probably going to have another good year so we only need the cover until April.

    Image result for max headroom animated gif

    Pot prices/Naybob – Yes, people seem to forget it's a weed that can easily grow almost anywhere.  Thai Stick I remember being a premium brand, didn't know they used opium – good thing it was rare.  I always liked hash for brownies – that was fun unless you needed to straighten out – then you were screwed!  We were in Amsterdam once and bought some hash cookies and we ate one each and, 30 minutes later decided we got ripped off and went off for dinner, mindlessly munching on the cookie each we had left (because at least they tasted good and boy, we were hungry).  By the time we got to the restaurant – the first cookie hit and we realized we had tragically over-indulged.  Fortunately, it was Amsterdam and we had a really good dinner (it was a Chinese restaurant with a menus that had Dutch translations) - made fools of ourselves and survived the evening.  

    VRX/Advill – I think, at this point, they have stabilized and they should be able to make money going forward on $8Bn in sales though debt is still about $30Bn and will hang over their heads for a long, long time.  Is that worth paying $7Bn for the company at $20?  Well, when they had $8M in sales in 2014 (before they went insane), they netted $1Bn but all of that $1Bn would go to just interest now.  It's not really for me as it has too much baggage but, if you are looking for a bull call spread just to take a gamble, they do have good premiums to sell and you can pick up the $15 ($8.30)/$22 ($5.60) bull call spread for $2.70 so you're $1 in the money to start and make 100% of the gains up to $22 for up to $7 back (up 159%).  That's a nice, low-risk way to play them.

    USCR/QC – Especially if Trump clamps down on CX, who supply half the US concrete.  People think he will because their stock has tanked:

    USCR is 1/10th the size of CX so they could exponentially benefit from less Mexican supply though already priced at 100x earnings by people who chased this story a year before you did.

    I don't backing things just because of protectionism.  Even CLF, I like them anyway because they have a geographical advantage (lower shipping time/cost) to their competitor, the tariffs are a bonus.  In the case of USCR – I wouldn't touch them with a 10-foot pole except for the potential that Trump will unfairly crack down on their competition and, even then, they have to increase their business 3-4x to justify where they are now.  

    You might want to consider someone like TRN, who have significant concrete business and would get a nice boost, but aren't overplayed already.  HDELY is good because they are in the Northeast, unlike most.  

    2 hours before/Mr M – That's my favorite time to play the Futures.  You get to read the news before others start trading. 

    Songs/Latch – Doesn't work that way, I have to be naturally inspired by the day's events.  Today, all I have is:

    CCR/Latch – That's a good one if you believe in Trump.

    Good futures advice MrM.  I'm sitting -$10K on /KCH8 even as we speak!  Need $126.50 to get even but I'm damned sure not increasing into the weekend.  

    I started with a couple at $128.50 and now 8 with the lower average.  This is about where I'd DD to get to $125 avg but not with the weekend uncertainty.  As you can see, there never was a spike back up to allow me to lighten up on the way down.  

    XBT/MrM – LOL, I wouldn't touch them for at least a few weeks.  Let other people learn harsh lessons first.  





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Phil's Favorites

The Great Bear Market Of 2018

Courtesy of Lance Roberts, RealInvestmentAdvice.com

The Bear Market Of 2018

Let’s start with where we left off last weekend:

“Currently, we do not know whether the current corrective action is JUST a normal, healthy correction, or the beginning of something bigger.

BUT – this is the expected correction we have been discussing over the last several weeks. It is also something we had planned for by reducing overweight positions and adding a short-hedge to portfolios. 

With the markets on a short-term sell signal (noted by black vertical dashed lines in the chart above,) the current correctional process is underway. But, with the market now oversold on a...



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Zero Hedge

The Great Bear Market Of 2018

Courtesy of Lance Roberts, RealInvestmentAdvice.com

The Bear Market Of 2018

Let’s start with where we left off last weekend:

“Currently, we do not know whether the current corrective action is JUST a normal, healthy correction, or the beginning of something bigger.

BUT – this is the expected correction we have been discussing over the last several weeks. It is also something we had planned for by reducing overweight positions and adding a short-hedge to portfolios. 

With the markets on a short-term sell signal (noted by black vertical dashed lines in the chart above,) the current correctional process is underway. But, with the market now oversold on a...



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ValueWalk

Warren Buffett: Advice For Entrepreneurs

By VW Staff. Originally published at ValueWalk.

A speech by billionaire and CEO of Berkshire Hathaway, Warren Buffett. In this speech, Warren tells three stories of entrepreneurs who against unfavourable circumstances, created successful businesses. These stories demonstrate key principle that Warren sees as necessary for a business to succeed.

]]> Get The Full Warren Buffett Series in PDF

Get the entire 10-part series on Warren Buffett in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Warren Buffett: Advice For Entrepreneurs (2018)

Video Segments:

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Digital Currencies

As Bitcoin Nears $11,000, Here's A History Of Its Biggest Ups And Downs

Courtesy of ZeroHedge. View original post here.

The cryptocurrency rebound off Feb 5th's bloodbath lows (below $6,000 for Bitcoin) has been impressive, as a 'mysterious' massive buyer 'bought the dip' and momentum took care of the rest.

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Chart School

Gold Fundamental Review

Courtesy of Read the Ticker.

Gold is simple, is goes up in value when paper goes down in value, the force which causes this fact is inflation.

Below we have USCPI YOY% change versus US 5 year interest rate, when the blue line is above the red interest rates are far too low and money is worth less as inflation is destroying it, even more so when the blue line is NOT CONTAINED and is rising (which is very good for gold).


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Events change things. Trump policies (tax break, big spending) are events. The very simple fundamental fact is inflation is moving from Wall Street to Main Street, and you can expect main street money to start to move (...

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Insider Scoop

Walmart, Target Are Susquehanna's Top Picks Ahead Of Retail Earnings Season

Courtesy of Benzinga.

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Biotech

What is 'right to try,' and could it help?

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

 

What is 'right to try,' and could it help?

In this March 18, 2011 photo, Cassidy Hempel waved at hospital staff as she was being treated for a rare disorder. Her mother Chris, left, fought to gain permission for an experimental drug. AP Photo/Marcio Jose Sanchez

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Mapping The Market

The tricks propagandists use to beat science

Via Jean-Luc

How propagandist beat science – they did it for the tobacco industry and now it's in favor of the energy companies:

The tricks propagandists use to beat science

The original tobacco strategy involved several lines of attack. One of these was to fund research that supported the industry and then publish only the results that fit the required narrative. “For instance, in 1954 the TIRC distributed a pamphlet entitled ‘A Scientific Perspective on the Cigarette Controversy’ to nearly 200,000 doctors, journalists, and policy-makers, in which they emphasized favorable research and questioned results supporting the contrary view,” say Weatherall and co, who call this approach biased production.

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Members' Corner

An Interview with David Brin

Our guest David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on a range of topics including national defense, creativity, and space exploration. He is also a well-known and influential futurist (one of four “World's Best Futurists,” according to The Urban Developer), and it is his ideas on the future, specifically the future of civilization, that I hope to learn about here.   

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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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