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The 27 most important finance books ever written


Posted by Business Insider

on Tuesday, 10 January 2017 07:18

"In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none," Charlie Munger, the vice chairman at Berkshire Hathaway, once said.

With that in mind, we've highlighted 27 classic works that every Wall Streeter should read.

Many of these books show up time and again in lists of books recommended by the pros themselves.

Topics covered include everything from the most important principles of investing to inside stories of the worst financial crises in modern history.

extraordinary-popular-delusions-and-the-madness-of-crowds-by-charles-mackay

....continue HERE for each of the 27 books with summary (top right will be arrows to move forward, or back through the 27 books)



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Energy & Commodities

Your Price Forecast for Next Year's Best-Performing Energy Source


Posted by Money Morning

on Tuesday, 10 January 2017 07:07

natural-gas-3104Despite a small decline yesterday, the U.S. Henry Hub natural gas benchmark rate is now up 36.7% for the month.

At close yesterday, the price was $3.61 per 1,000 cubic feet or million BTUs (British Thermal Units), the standard measurement in the U.S.

To put that in some perspective, the price was $1.96 as recently as May 26, and the year-to-date low was $1.65 on March 3. Meanwhile, the $3.65 level reached at close on Monday, December 5 was the highest in two years.

Traditionally, the price for natural gas in the U.S. has been heavily by the seasons, with the severity of winters generally being the main determinant of how high prices would go.

But that’s no longer the case…

With demand for natural gas coming from many new sources, the price is no longer tied to the weather – setting prices up to go higher.

Here’s exactly how high the price of natural gas will go in 2017…



Read more...

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Stocks & Equities

Buy C-R-A-P


Posted by Jeffrey Saut via Seeking Alpha

on Tuesday, 10 January 2017 07:01

160109 3We live in a modern world of acronyms and buzzwords, and the financial industry is certainly no exception. In fact, it may be one of the worst culprits, what with FANG, ZIRP, TINA, BREXIT, QUITALY, BRIC, etc. all entering the lexicon over the last few years. Yet, creating some catchy collection of consonants remains one of the most surefire ways to attract attention in this business since it, admittedly, makes for a great headline and gives strategists like us something fun to write about ("fun" being a relative measure).

Well, now the new eye-catching acronym to watch, according to Tom Lee of Fundstrat is C-R-A-P - Computers, Resources, American Banks, and Phone Carriers - which are all levered to the investment recovery, inflation, and deregulation expected over the next year. Before I comment further on those recommendations, though, I want to point out that I like to follow Tom Lee's thoughts because, like us, he lets the data do most of his thinking, and, like us, he was one of the few pundits last year who actually saw potential for the U.S. stock market.

....continue reading HERE

 

related: Tyler Bollhorn: Strength in Weekness



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Timing & trends

Strength in Weakness


Posted by Tyler Bollhorn - StockScores

on Tuesday, 10 January 2017 06:52

Screen Shot 2016-11-28 at 2.56.07 PM

perspectives commentary

In This Week's Issue:

- Stockscores' Market Minutes Video - Trade the Evidence
- Stockscores Trader Training - Strength in Weakness
- Stock Features of the Week - Stockscores Simple Weekly Canada

Stockscores Market Minutes - Trade the Evidence
Traders can easily take trades for emotional reasons, we have to force ourselves to slow down and look for evidence that the trade is the right one to make. That plus my regular weekly market analysis and the trade of the week on GBX. Click Here to Watch

To get instant updates when I upload a new video, subscribe to the Stockscores YouTube Channel

Trader Training - Strength in Weakness
Simple approaches to any practice usually work the best. Finding the simple solution is not always easy, doing so can take the most experience. This is true in trading too and one simple concept to keep in mind when trading stocks is that there is strength in weakness (and weakness in strength).

What do you do when you are optimistic about a stock? Assuming you invest in stocks at all, you probably buy. When you are pessimistic, there is a good chance you sell.



Read more...

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Gold & Precious Metals

Gold Price Plummet


Posted by Catalin Chiloflischi, CEO Canarc Resources

on Monday, 09 January 2017 17:38

This article by Dan Kurz makes a very good macro-picture and valuation case that the post-Trump gold slump could be a good time to buy precious metals. Some serious analytics here. ~Catalin

"Gold per troy ounce (toz or oz) in $ terms has slumped by a whopping 11% since the November 8, 2016 election. The dollar’s trade-weighted value, meanwhile, has risen by 4% over the same period, while the value of the 10-year Treasury has fallen by a considerable 6% and the S&P 500 has rallied by 6%. What happened? In a nutshell, perception changed. Traders bet on more fiscal stimulus-based growth, lower corporate taxes, higher federal deficits, higher nominal interest rates, and higher inflation, so stocks went up, bonds went down, and the buck went up.

Strangely, and in contrast to the above “playbook,” gold and silver prices, or precious metals (PM) prices, fell and fell... CLICK HERE for the complete article



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Michael Campbell Robert Zurrer
Tyler Bollhorn Eric Coffin Jack Crooks Patrick Ceresna
Ozzie Jurock Mark Leibovit Greg Weldon Ryan Irvine