Posts Tagged ‘Berkshire Hathaway (BKR)’

10 Things You Need To Know That Are Going On This Weekend

SPECIAL EDITION: 10 Things You Need To Know That Are Going On This Weekend

Courtesy of Joe Weisenthal, at Clusterstock 

It’s a Saturday, but it certainly doesn’t feel like it, because there’s a heck of a lot going on. 

Here’s what you need to be paying attention to this May Day.

  • Greece/IMF/EU talks continue. According to Greek government officials, some kind of announcement may be made today. The market is hoping to hear something that’s orders of magnitude stronger than any bailout announcement we’ve gotten so far, or otherwise the feeling will be that it can and will fall through again.
  • Of course, there are fresh violent, anti-austerity protests going on today in Athens. The fact that it’s May Day, a day for celebrating anti-capitalism only adds to the tension.
  • New reports suggest the criminal probe into Goldman Sachs is not just a perfunctory follow-on to the SEC charges, but rather a truly separate thing that’s wider than Abacus, and that started before the SEC’s investigation. HUGE.
  • With just five days before the election, UK’s The Guardian has endorsed the Liberal Democrats, the country’s biggest third party. Its leader, Nick Clegg, has surged thanks to a string of strong debate performances, Gordon Brown’s disastrous campaigning, and a lingering sense of unease with the conservatives.


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    The British election explained in five key phrases

     

    The British election explained in five key phrases

    Courtesy of Veronika Koller, Lancaster University

    The UK government’s decision to hold its third general election since 2015 is a baffling one to many – including the weary voters who have to take part.

    Tensions have been high as the country attempts to resolve the identity crisis first sparked by the Brexit vote in 2016. It’s a complicated moment for the nation and, at times like these, it can help to observe the big issues through the lens of language. The slogans and terms that get thrown around again and again during a campaign can often tell us a lot about the bigger picture. Here are five such slogans that can help explain what’s happening in the UK right now.

    ‘Get Br...

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    Zero Hedge

    China Quietly Ramps Up Oil Production In Iran

    Courtesy of Simon Watkins via OilPrice.com

    The supergiant Azadegan oil field, comprising major north and south sites, is as important to Iran’s overall strategic plan to survive the current sanctions environment and to prosper when they are lifted as the flagship South Pars supergiant gas field and the added-value products of its petrochemicals sector. Last week Iran’s Petroleum Engineering and Development Company (PEDEC) announced that five new development wells and an appraisal well are to be spudded in North Azadegan to maintain current production levels. OilPrice.com understands from various senior energy sources in Iran that this is only part of the picture, with much bigger plans having been agreed for rollout in the coming six months with the help of China and Russia.

    ...



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    Digital Currencies

    Three Men Arrested In NJ For Running Alleged $722 Million Crypto Ponzi Scheme

    Courtesy of ZeroHedge View original post here.

    Authored by Kollen Post via CoinTelegraph.com,

    United States authorities in New Jersey have announced the arrest of three men who are accused of defrauding investors of over $722 million as part of alleged crypto ponzie scheme BitClub Network, per a Dec. 10 announcement from the Dep...



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    Kimble Charting Solutions

    Is Freeport McMoRan (FCX) Making A Run For the "Gold"?

    Courtesy of Chris Kimble

    Mining company Freeport McMoRan NYSE: FCX is enjoying the tailwind from a strong year for gold and silver prices. And although Copper prices are down, Copper has been turning up lately.

    This has helped Freeport’s stock price recover in 2019 and has FCX testing a key breakout level.

    Below is a “weekly” chart of Freeport McMoRan (FCX). The shaded channel outlined by each (1) highlights the longer-term downtrend that FCX has been stuck in.

    But this could change on a dime, especially if FCX can breakout above (2). This area represents its re...



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    Insider Scoop

    Economic Data Scheduled For Wednesday

    Courtesy of Benzinga

    • The MBA's index of mortgage application activity for the latest week is schedule for release at 7:00 a.m. ET.
    • The Consumer Price Index for November will be released at 8:30 a.m. ET.
    • The Census Bureau quarterly services survey report for the third quarter is schedule for release at 10:00 a.m. ET.
    • The Atlanta Fed's Business Inflation Expectations survey report for December will be released at 10:00 a.m. ET.
    • The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.
    • The Federal Open Market Committee will announce its policy decision at 2:00 p.m. ET.
    • The U.S. Treasury budget report for November will be released at 2:00 p.m. ET.
    • ...


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    Lee's Free Thinking

    Chart Shows the Fed Ramping Up Not QE - Funding Almost All Treasury Issuance

     

    Chart Shows the Fed Ramping Up Not QE – Funding Almost All Treasury Issuance

    Courtesy of Lee Adler, Wall Street Examiner 

    The Fed is ramping up “Not QE” .

    The Fed bought $2.2 billion in notes today in its POMO, “not QE,” operations. Actually $2.15 billion because they sold back a whole $50 million. Must have been a little glitch in the force.

    This brings the Fed’s total outright purchases of Treasuries to $170 billion since it started Not QE, on September 17.

    It also did $107 billion in gross new repo loans to Primary Dealers to buy Tre...



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    Chart School

    Silver stock taking the sector higher

    Courtesy of Read the Ticker

    As the US economy begins to show late cycle characteristics like: GDP slowing, higher inflation, higher wage costs, CEO confidence slump. 

    Previous Post: Gold Stocks Review

    The big players in the market are looking for the next swing off good value lows. This means more money is finding it way into the gold and silver sector, and it is said gold and silver stocks actually lead the metal prices.

    The cycle below shows prices are ready to move in the months ahead (older chart re posted).


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    Members' Corner

    Sacha Baron Cohen Uses ADL Speech to Tear Apart Mark Zuckerberg and Facebook

     

    Sacha Baron Cohen Uses ADL Speech to Tear Apart Mark Zuckerberg and Facebook

    By Matt Wilstein

    Excerpt:

    Sacha Baron Cohen accepted the International Leadership Award at the Anti-Defamation League’s Never is Now summit on anti-Semitism and hate Thursday. And the comedian and actor used his keynote speech to single out the one Jewish-American who he believes is doing the most to facilitate “hate and violence” in America: Facebook founder and CEO Mark Zuckerberg.

    He began with a joke at the Trump administration’s expense. “Thank you, ADL, for this recognition and your work in fighting racism, hate and bigotry,” Baron Cohen said, according to his prepared...



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    The Technical Traders

    VIX Warns Of Imminent Market Correction

    Courtesy of Technical Traders

    The VIX is warning that a market peak may be setting up in the global markets and that investors should be cautious of the extremely low price in the VIX. These extremely low prices in the VIX are typically followed by some type of increased volatility in the markets.

    The US Federal Reserve continues to push an easy money policy and has recently begun acquiring more dept allowing a deeper move towards a Quantitative Easing stance. This move, along with investor confidence in the US markets, has prompted early warning signs that the market has reached near extreme levels/peaks. 

    Vix Value Drops Before Monthly Expiration

    When the VIX falls to levels below 12~13, this typically v...



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    Biotech

    Why telling people with diabetes to use Walmart insulin can be dangerous advice

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

     

    Why telling people with diabetes to use Walmart insulin can be dangerous advice

    A vial of insulin. Prices for the drug, crucial for those with diabetes, have soared in recent years. Oleksandr Nagaiets/Shutterstock.com

    Courtesy of Jeffrey Bennett, Vanderbilt University

    About 7.4 million people ...



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    Mapping The Market

    How IPOs Are Priced

    Via Jean Luc 

    Funny but probably true:

    ...

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    Promotions

    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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