Archive for 2018

Drone Killer: Chevy Trucks Now Armed With Powerful Directed Energy Weapons

Courtesy of ZeroHedge. View original post here.

Sierra Nevada Corp. and its defense partners, Ascent Vision and RADA Technologies, have developed a mobile counter-drone system for the protection of airports, high-value targets, and for the operational use within elite units of the United States Special Operations Command (USSOCOM) on the modern battlefield.

Last week, Sierra Nevada brought its X-MADIS (eXpeditionary Mobile Aerial Defense Integrated System) mounted on a militarized, 2018 Chevrolet Colorado pickup truck to the Special Operations Forces Industry Conference (SOFIC), which stirred up massive interest within the special operations community, said Defense News.

Sierra Nevada, Ascentvision and RADA Technologies Inc. brought its counter-drone system to SOFIC. (Source: Sierra Nevada Corp)

For SOFIC, the company decided to integrate the X-MADIS into the bed of a light pickup truck. Why?… Well, on the modern battlefield, or what the Army likes to call “hybrid wars,” special forces are now using nondescript, armored light pickup trucks and Polaris dune buggies in Africa and the Middle East. It is a perfect civilian cover, as the enemy tends to have difficulties identifying the vehicle from friend or foe at long distances.

The X-MADIS features a Rada RPS-42 pMHR radar detection system, the Ascent camera system CM-202U EO/IR multi-sensor gimbal for identification, and the Sierra Nevada SkyCap counter drone Mode E-jammer. The directed energy weapon has a range of about two miles and can detect, identify, and destroy enemy drone swarms while the vehicle is traveling at a high rate of speed.

Sierra Nevada, Ascentvision and RADA Technologies Inc. brought its counter-drone system to SOFIC. (Source: Sierra Nevada Corp)

Sierra Nevada Corp. has been working with its partner’s Ascent Vision and the Israeli company RADA Technologies Inc. to develop the X-MADIS for the U.S. Department of Defense’s (DoD) modernization efforts to prepare for the next two decades of hybrid wars.

Defense News said special forces are currently using the X-MADIS mounted on a Polaris Defense MRZR in an unknown location, most likely somewhere in Africa or Syria.

Polaris Defense MRZR. (Source: U.S. Department of Defense (DoD))

Sierra Nevada Corp. selected its partners because of their “best of…
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Russia Set To Double Gold Mining, Becoming World’s 2nd Biggest Gold Producer

Courtesy of ZeroHedge. View original post here.

While Moscow's selling of US Treasurys over the past 6 years is hardly a surprise to anyone…

… Putin's far more aggressive purchases of gold in recent years, with Russian reserves now in their 39th consecutive month of additions, have certainly raised a few eyebrows: almost as if Russia is doing everything it can to prepare for the moment when the US dollar is no longer a reserve currency.

What is perhaps even more surprising is that the pace of gold accumulation by the state is no longer satisfactory, and according to RT, major Russian gold mining companies are planning to double production; such an increase would make Russia the world's second largest producer of the precious metal.

While Russia is currently the world's third biggest gold miner after Australia and China, that could change in less than a decade, according to Mikhail Leskov, deputy CEO at the Moscow-based Institute of Geotechnology, as quoted by Vedomosti.

The boosting of mining output would also make Russia a gold export powerhouse. In 2017, Russia extracted 8.8 million ounces, accounting for 8.3% of total global production, according consultancy Metals Focus. The newly discovered gold deposits will reportedly allow miners to increase extraction by half in seven years, and by 2030, extraction is expected to grow by nearly eight million ounces.

Earlier this year, state exploration company Rosgeo said that a new discovery, holding some 900 tons of silver and gold, was found in the Republic of Bashkortostan. According to initial estimates, there are some 87 tons-worth of gold in the area. Silver deposits, meanwhile, are estimated at 787 tons.

The Russian gold mining industry has almost doubled its volume of extraction over the last two decades. Over the past decade, the country’s producers mined 2,189 tons of gold according to the Russian Union of Gold Producers.

There’s a number of major gold mining regions in Russia, including the most prospective in the world. Krasnoyarsk region in central Russia has two of major operations – Olimpiada and Blagodatnoye. Chukotka region in Russia’s Far East is home to…
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Malaysia Tries Crowdfunding To Repay Soaring Public Debt

Courtesy of ZeroHedge. View original post here.

In a world where bizarre crowdfunding campaigns have become all the rage, with good samaritans even venturing to raise $30,000 so that a cash-strapped Kim Jong-Un can stay in his Trump Summit hotel…

… a politically turbulent Malaysia, whose currency and stock market recently plunged, then spiked after a shock political outcome in last month's election, likened by many to Trump's unexpected presidential victory, has decided to take crowdfunding to the next level, and as the BBC reports, last Wednesday the local finance ministry resorted to an unorthodox way of raising money to pay off their country's debt: beginning online.

Perhaps because they felt in a "historically" generous mood after the first change in government in over 60 years, Malaysians gave nearly $2 million in the 24 hours after authorities announced a fund would be set up to raise cash.

Sadly, the amount raised was far too little to make even the tiniest dent on the country's massive, multi-billion-dollar debt pile, which probably means that just like the 1MDB scandal, the money will be promptly pilfered by one or more corrupt government officials, never to be seen again; however, the fundraising process did spark a social media debate about whether other countries should follow.

The government initiative came after a 27-year-old Malaysian, who is "very much in love and proud" of her country, set up private fundraising effort that attracted interest.

"The rakyat (people) voluntarily want to share their earnings with the government to help ease the burden," said Finance Minister Lim Guan Eng, as he announced the fund to provide a "systematic and transparent" platform for contribution. He gave bank details where Malaysians can deposit their donations.

Surprisingly, the fund promptly raised 7 million Malaysian ringgit ($1.8MM) in just the first day of its existence, a spokesperson at the finance ministry told the BBC, but was not able to give the overall amount to date.

Malaysia's Prime Minister Mahathir Mohamad

To be sure, it wasn't quite clear where this selfless altruism comes from, especially considering that we live in a world in which investors will line up…
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“This Is Not Going To End Well” Peter Schiff Warns The US Banking System “Has A Huge Problem”

Courtesy of ZeroHedge. View original post here.

Via Greg Hunter’s,

Money manager Peter Schiff says even though Deutsche Bank is the most systemically dangerous bank in the world (according to the IMF), that is just the tip of severe global financial problems.

Schiff explains, “I think it’s a problem, and it’s not just Deutsche Bank.

"Deutsche Bank could be the weak link of a chain. If you remember back to when we had the financial crisis (2008). First, you had the sub-prime mortgages blowing up, and everybody was like don’t worry about it. It’s contained. I said it’s not contained, it’s just showing up first in the sub-prime market because these are the weakest mortgages.

The entire mortgage market has a problem. I think the banking system has a huge problem because it’s lived off of the life support of artificially low interest rates. As that is removed, it’s like pulling the plug off of someone who has lived off life support. The irony is you have so many analysts that think higher rates are good for the banks…

Low interest rates saved the banks, Schiff notes, but points out the hypocrisy of current market thinking:

"You can’t have it both ways. It can’t be low interest rates helped the banks, and high interest rates will help the banks. It’s one or the other. I think higher interest rates are going to crush the banks. I think it’s going to destroy the value of their loans and their collateral. It’s going to lead to defaults…

All those banks that were too big to fail in 2008 are much bigger now, and it’s going to be a lot more difficult to bail them out.”

Schiff issues a stark warning,

This is not going to end well, and I don’t think the Fed is going to be able to save us again. If you get it wrong this time, you’re done. You are down for the count.

You just can’t hold and hope. If the stock market gets cut in half again, the Fed is not going to bail you out

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Several Dead And Missing After Explosive Volcano Eruption In Guatemala

Courtesy of ZeroHedge. View original post here.

At least six people are dead and dozens have been injured after the Volcan de Fuego in Guatemala experienced an explosive eruption, sending rocks and ash 6 miles into the air – blanketing nearby villages and sparking an exodus of at least 2,000 people from affected regions. 

Breathtaking. Unconfirmed fatalities. #Guatemala #VolcanDeFuego

— Lino Miani…Unofficial ???????? (@meanlin1) June 3, 2018

#VolcandeFuego #NaturalezaImplacable @ClimaenGuate @AztecaNoticiaGT @EmisorasUnidas

— Ricardo Bianchi (@ricardoebianchi) June 3, 2018

Guatemala City's La Aurora international airport closed its only runway due to volcanic ash, while emergency crews in search of trapped residents found were forced to dodge streaming lava flowing down the streets of a village near the eruption.  

WTF… This is what people in #Guatemala ???????? saw after the Fuego volcano erupted less than an hour ago.

Deaths have already been reported.

— Thomas van Linge (@ThomasVLinge) June 3, 2018

The volcano is located around 25 miles southwest of Guatemala City, close to the popular tourist destination of Antigua. 

Workers and guests were evacuated from the La Reunion golf club near Antigua. Video footage showed a black cloud of ash rising from just beyond the golf club. The lava river was running on the other side of the volcano. -Reuters

Received troubling photos from family in Guatemala. Volcano #enfuego @wfaaweather #nature #eruption actual source of photos unknown

— JoJoHerda (@JoJoHerda) June 3, 2018

Circulando x wapp la erupción desde el club de Golf ?? La Reunión

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What ‘Patient Zero’ – Japan – Can Tell Us About China & The Developed World At Large

Courtesy of ZeroHedge. View original post here.

Authored Chris Hamilton via Econimica blog,

To see the future, sometimes you have to look to the past. Japan is patient zero in the global epidemic of slowing growth and although Japan was assumed to be the emerging world power in the '80's, we now know better. The title of emergent power now rests with China… and for the same reasons it didn't work out for Japan, it won't work out for China. To make my case, I'll use UN population data coupled with EIA total primary energy data (cumulative energy consumption from coal, oil, natural gas, nuclear, and renewables), plus EIA fore-ward looking forecast data (the International Energy Outlook, 2017 or IEO'17).

First, Japan.

The Japanese 15 to 60 year old population peaked in 1993 and declined over 15% by 2018.  The core population will continue falling, down 24% by 2030, and 34% by 2040. Energy consumption growth began stalling in 1997, consumption peaked in 2006, and has declined 17% from the '06 peak through 2015. However, the EIA estimates the falls seen since '06 will cease shortly and energy consumption will stabilize through 2040.

The chart below breaks down the annual change in the 15 to 60 year old Japanese population versus the annual change in energy consumption. The twin deceleration should be fairly obvious.

Below, the actual data as above versus the EIA IEO'17 forecast.  While the core population will fall at an even faster rate, the EIA forecasts energy consumption will stabilize (against all logical rationale)?!?

To round out the picture, the Japanese 15 to 60 year old population versus 60+ year old population. All growth is currently in the 60+ population until it too is projected to peak in 2040 and begin declining.

What does this mean for China?

The Chinese 15 to 60 year old population peaked in 2011 and has fallen 2% as of 2018 but will be 10% smaller by 2030 and 16% smaller by 2040. The EIA assumes energy consumption will continue to rise (and be 44% higher by 2040) despite the clear cases in Japan, Europe, and elsewhere that energy consumption tracks the core population…down.

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Leaked Photo Of Shackled Illegals Shows “Mass Trial” After DOJ Enacts “Zero Tolerance” Policy

Courtesy of Zero Hedge

A photo taken from inside a Pecos, Texas immigration court shows dozens of illegal immigrants in orange jumpsuits, standing as they await their fate in a "mass trial" designed to expedite their deportation.

The proceedings, covered by reporter Debbie Nathan of The Intercept, have sparked controversy over the Trump administration's new "zero tolerance" policy which has led to separated families amid a report that the Department of Health and Human Services has lost track of 1,475 unaccompanied migrant children who had been placed with sponsors.


In short, prospective migrants who choose to circumvent America's immigration laws have to weigh the risk of losing their children against the dangers of remaining in their country of origin

Each day was the same. The courtroom was filled with exhausted immigrants, with hands cuffed and shackled to their waists, their legs in chains — dozens of defendants stumbling, shuffling, clanking, and clanging in tandem. “Raise your right hand,” Morgan commanded as a translator spoke Spanish into their headphones. The shackled defendants struggled to comply.

The judge’s job is to determine if defendants understand the criminal charges against them and whether they feel they have had adequate legal representation. If they say they want to plead guilty, he asks whether they are doing so of their own free will. After that, they can make a statement — an “allocution” — and then the judge sentences them. -The Intercept

Last month Attorney General Jeff Sessions ordered a "zero tolerance" policy in which federal prosecutors are to criminally charge every single immigrant who enters the country illegally - expanding a program called Operation Streamline introduced in 2005 under the Obama administration, and facilitated the aforementioned mass trials currently in use. 

'Today, we are here to send a message to…
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Traders Add To Record Bond Shorts As Treasury Yield Curve Collapse Continues

Courtesy of ZeroHedge. View original post here.

On a week that saw Italian bond yields spike by the most on record sparking one of the biggest safe-haven bids for US Treasury bonds in years, the massively one-side shipwreck of Treasury short positions became even more one-sided-er as speculators ignored the collapsing yield curve, tumbling global economic data, and rising risk, adding to their already record long-date duration shorts…

After spiking above the critical 3.00% level the previous week, to its highest level since June 2011 – spurred by what in hindsight appears to be major rate-lock buying amid huge IG issuance; 10Y Treasury yields plunged almost 40bps in 6 days as Italian risk sparked a safe-haven bid in bods – the most dramatic rally since Brexit (June 2016).

This plunge in yields was even larger than the one that occurred in February during the XIV collapse (albeit over a slightly longer period of time)…24bps in 2 days

However, while June 2016's bid for bonds sparked a major short squeeze in aggregate Treasury futures positioning, the last two weeks of massive yield compression have seen speculators adding to their already record net short positions – seemingly immune to such things as margin calls…

Levered investors (e.g. hedge funds) were the big drivers of the short as asset managers added to their net Treasury longs…

Interestingly, as the yield curve collapsed during the same two-week period to new 11-year flats…

Speculators added to their longest-duration shorts dramatically (both 30Y and the Ultras) while 2Y specs moved to a net bullish position (the most bullishly positioned since June 2016 – Brexit).

But as specs piled into long-dated duration shorts, they also unwound rate-hike bets dramatically - cutting sizes by almost half a trillion notional dollars in the last 3 weeks

And furthermore, as futures speculators added sheep-like to their record shorts, Treasury ETFs saw a
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Construction Breaks Ground On Trump’s Border Wall With “Anti-Climbing Plate” In San Diego

Courtesy of ZeroHedge. View original post here.

Construction has just started on a 14-mile section of President Trump’s new border wall along the Mexico–United States border and will include “anti-climbing plates” to deter illegal border crossings.

Despite many obstacles and strong opposition from Democrats, construction of the wall started near San Diego on Friday, June 01, which is excellent news for his conservative base, in regards to border security heading into the midterm elections this fall.

John Gibbins, a freelance reporter, covering breaking news in San Diego-Baja California region, has taken a photograph of the alleged construction zone.

On the right is Tijuana, Mexico. On the left San Diego in the U.S.. Down the middle is current border wall. Construction has started on a new section of border wall right where the pile of rocks is at lower left. #TrumpWall

— John Gibbins (@JohnGibbinsSDUT) June 1, 2018

Another journalist captures heavy machinery at the construction area.

Barely a month after VP Pence visited the border in California, wall constructions begins in San Diego. First pics were released today #borderwall

— Nicole Spohn Almeida (@nical_tweets) June 1, 2018

According to Fox 4 News, the new wall will replace 14-miles of an old, rusted metal barrier that was erected in the early 1990s from Vietnam-era scrap metal. The barrier currently stands 10-feet high, which has done very little to thwart illegal border-crossings. The new wall is a bollard-style design measuring 18 to 30 feet tall and includes “anti-climbing plates” welded on the upper half of the structure. Fox 4 News indicates that construction workers have broken ground about a half mile from the Pacific Ocean in Border Field State Park in San Diego, California, and eventually move east to the bottom of Otay Mountain in East County.

The Texas-based construction company, SLSCO, was recently awarded the $147 million construction contract to complete the 14-mile stretch. The money to build the new…
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Hedge Fund CIO: “The Long Season Of Central Bankers Has Ended”

Courtesy of ZeroHedge. View original post here.

Submitted by Eric Peters, CIO of One River Asset Management, as excerpted from his latest Weekend Notes letter.


Change is magnificent, he thought, along the stream. Walking. Spring had become summer, lush, in what seemed an instant, little by little, then all at once. The barren banks were now covered in green, dense bramble, concealing.

Across the world change is taking hold. For the entirety of his career, with few exceptions, the study of markets had been an examination of central bank policy. On the Chicago floor in 1989, Fed Funds had been 9.00%, nearly inconceivable now.

The first Gulf War in 1990 had been something, but politicians and politics were of no real consequence when compared to the power of paper. Greenspan lowered rates to 3% by 1993, the Savings and Loan Crisis, the recession. As the economy recovered, he lifted rates to 6.00%, bonds crashed.

And after saving Asia from its 1997 catastrophe, when their governments proved impotent, Alan rescued the US financial system from the stupid geniuses at LTCM. But this amplified the dotcom bubble, crash.

He cut rates to 1.00%, solving a problem of his own creation. Which fueled the housing fiasco. Politicians came and went throughout, wars too, they barely mattered to markets.

Greenspan had attempted to tame the wild, and 2008 was Nature’s response. Professor Bernanke cut rates to 0%, printed, bought, and guided our every expectation. Yellen was no different really.

And the repression they sought in market volatility led to the financialization of the global economy, profound income and wealth inequality. 

Which brought forth something not seen for ages, a demand by the people for real change. For a world no longer led by bankers. For politicians to solve their problems, to sooth their fears, to address their grievances.

In the UK, America, across Europe too, Italy its latest blossom.

The long season of central bankers has ended. And politics is again ascendant, in its lush, wild tangle.


Zero Hedge

World Trade War I: US Asks South Korea To Join Anti-Huawei Campaign

Courtesy of ZeroHedge. View original post here.

The bilateral trade war between the US and China is gradually becoming a global trade war of global geopolitical and commercial dominance between the US and Chinese spheres of influence.

Shortly after the two largest mobile phone companies in the UK decided against launching Huawei-built 5G phones this morning, and roughly around the time a bevy of Japanese tech and telecom companies including ARM Holdings, Panasonic and SoftBank all imposed a boycott on supplying Huawei with mission critical components joining Australia, and New Zealand as major US allies to end commercial relat...

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Phil's Favorites

Overpriced tech IPOs sell grand visions but aren't worth their valuations


Overpriced tech IPOs sell grand visions but aren't worth their valuations

rblfmr /

Courtesy of John Colley, Warwick Business School, University of Warwick

The year of the tech IPO is 2019. Uber went public on May 10 with a US$82.4 billion valuation. Fellow ride-sharing app Lyft floated in March with a U$24 billion valuation and Pinterest had a US$10 billion IPO in April...

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Kimble Charting Solutions

Emerging Markets About To Submerge If 3-Year Support Breaks?

Courtesy of Chris Kimble.

Are Emerging Markets about to “Submerge” and head a good deal lower? What they do at (3) will go a long way in answering this question!

Emerging Markets ETF (EEM) has been lagging the broad market for the past 15-months. They hit their 50% retracement level of the last year’s highs and lows and falling resistance at (2) recently. The weakness of last has EEM trading below its 200-MA line.

EEM has spent the majority of the past 3-years inside of rising channel (1), which reflects that this trend remains up. The weakness of late has it testing the bo...

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Insider Scoop

Amgen To Buy Danish Collaborator Nuevolution For $167M

Courtesy of Benzinga.

Amgen, Inc. (NASDAQ: AMGN) took a logical step forward in buying a preclinical biotech it has been collaborating with since 2016. 

What Happened

Amgen announced Wednesday an agreement to buy Copenhagen-based Nuevolution for $167 million.

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Chart School

Weekly Market Recap May 18, 2019

Courtesy of Blain.

China – U.S. trade talk continued to dominate the week.   A heavy selloff Monday was followed by 3 up days, with Friday moderately down.

On Monday, Chinese officials announced retaliatory tariffs against the U.S., hitting $60 billion in annual exports to China with new or expanded duties that could reach 25%.

Then on Wednesday:

The Trump administration plans to delay a decision on instituting new tariffs on car and auto part imports for up to six months, according to media reports.


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Digital Currencies

Cryptocurrencies are finally going mainstream - the battle is on to bring them under global control


Cryptocurrencies are finally going mainstream – the battle is on to bring them under global control

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what ...

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DNA as you've never seen it before, thanks to a new nanotechnology imaging method

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


DNA as you've never seen it before, thanks to a new nanotechnology imaging method

A map of DNA with the double helix colored blue, the landmarks in green, and the start points for copying the molecule in red. David Gilbert/Kyle Klein, CC BY-ND

Courtesy of David M. Gilbert, Florida State University


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More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...

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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism


The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...

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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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Free eBook - "My Top Strategies for 2017"



Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:


·       How 2017 Will Affect Oil, the US Dollar and the European Union


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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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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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