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Timing & trends

Musk’s next space shot: Factories without humans


Posted by Jon Markman's Pivotal Point

on Thursday, 25 May 2017 08:31

zoom-300x128Elon Musk is obsessed with speed. From rockets to hyperloops to electric cars, fast is kind of his thing.

Now he wants to apply the same aesthetic to manufacturing.

Critics argue it’s another pipe dream, born out of necessity. Tesla (TLSA), his controversial car business, is supposed to deliver 400,000 vehicles by 2018. Yet, his workers have never pushed annual production beyond 100,000.

Musk, however, is thinking beyond workers.

The future is total automation.

During the first Gilded Age, the assembly line transformed industrial production. This New Gilded Age is about information technology. Think intelligent software, sensors and incredibly precise, fast-moving robotics. These technologies promise exponential improvement in production.

Humans, at least those who fasten bolts or shift metal, become superfluous.

It’s not science fiction. Musk already has big plans for factories that are unencumbered by the physical limitations of humans.

In Tesla’s July 2016 mission statement he wrote about his epiphany: Turning the factory into a machine. He even gave it a cool name, the “alien dreadnought” the machine that makes the machines.



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Stocks & Equities

Plunge Protection Team Is No Myth, But Now Is Not It’s Time


Posted by Rick Ackerman - Rick's Picks

on Thursday, 25 May 2017 07:31

Does-this-rally-look-like-it-needs

Zillionaire Asher Edelman was quoted on ZeroHedge the other day saying he has ‘no doubt’ that the Plunge Protection Team is behind the stock market’s steep rally since the election. With all due respect for Mr. Edelman and others who believe this, it is conspiracist poppycock. Yes, the Plunge Protection Team, which is officially known as the Working Group on Financial Markets, does exist, having been created under President Reagan. And I have no doubt that it will be pressed into action some day when the inevitable avalanche hits Wall Street. But the source of the stock market’s ongoing buoyancy at present is not the PPT, which has no reason to act unless there’s a crisis, but rather the unlimited sums of credit available at zero or near-zero interest rates to institutional investors and to companies that continuously buy back their own stock to artificially inflate earnings per share.



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Currency

The Dollar’s Last Stand.


Posted by Rambus Chartology

on Thursday, 25 May 2017 07:09

There is no doubt that the US dollar looks bad right now after breaking below the bottom rail of its 5 point falling wedge last week. Before I give up totally on the US dollar there is one thing I’m going to look for first. When all else fails I like to go back to the initial pattern which was a sideways trading range or a rectangle pattern. I’ve seen in the past that when you have a nice tight rectangle with a breakout above the top rail, there can be one very big shakeout move where the price action will decline back to the center mid dashed line, where final support may reside. If the dashed mid line fails to hold support then there are bigger problems. Below is a weekly chart for the US dollar which shows the price action testing the mid dashed center line.

usd-weekly-mid

The $US dollar daily line chart.


The daily chart below shows a potential downtrend channel with 2 blue consolidation patterns. If the blue bearish falling wedge is a halfway pattern to the downside the blue arrows shows a price objective down to the 96.20 area, which is labeled impulse move. The breakout to breakout price objective is a littler lower at 95.45. Those 2 price objectives come in pretty close to the mid dashed center line on the rectangle pattern above.



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Gold & Precious Metals

Something Changed in the Silver Market in May: Here Are 3 Reasons Why


Posted by Steve St. Angelo - SRSrocco Report

on Thursday, 25 May 2017 06:35

Something changed in the silver market in May as U.S. Silver Eagle sales have surged compared to the previous month.  This is quite interesting as precious metals sales and sentiment have declined in the West, especially in the United States, ever since Donald Trump was elected President.

Many precious metals investors thought that if Trump was elected, it would have been very positive for the gold and silver market.  Unfortunately, it seems as if the opposite was (is) the case.  Not only has demand for precious metals declined considerably in 2017 versus last year, so has sales of guns, ammo and survival food-supplies.  I gather many of those who follow the alternative media believe Trump is actually going to make America Great Again.  So, why protect oneself from a collapse?

This is a very bad assumption… as nothing has changed with Trump in the White House.  Furthermore, many analysts are saying that what Trump is doing could actually speed up the collapse of the U.S. economy and financial system.

Regardless, the fundamentals in the U.S. economy continue to disintegrate.  We are seeing economic bubble indicators reach or surpass what took place in 2007, before the bloodbath hit the U.S. Housing and Financial Markets.  However, there is one additional negative factor that wasn’t a problem in 2007 that is now a BLINKING RED LIGHT.

What is this new lousy fundamental?  It’s the U.S. and Global Oil Industry.  Back in 2007, most of the oil and gas companies were making decent cash flow and profits.  Unfortunately, the situation in the Oil Sector is orders of magnitude much worse than what is was in 2007.  Not only are the majority of oil and gas companies losing money, they have been also cutting their oil reserves.

This is extremely bad news for which very few Americans are aware.  Thus, we are now facing an extremely negative DOUBLE-EDGE SWORD of bubble economic indicators on top of a disintegrating oil industry.  Which means… the situation today is much worse than what took place back during the 2008 Global meltdown.

U.S. Silver Eagle Sales Surge In May Due To 3 Reasons

U.S. Silver Eagle sales surged 140% in May versus April… and we still have another week remaining in the month.  According to the recent update by the U.S. Mint, Silver Eagle sales reached 2,005,000 so far in May compared to 835,000 in April:

Silver-Eagle-Sales-APR-vs-MAY-2017

After seeing this spike in Silver Eagle demand, I called up a few of my contacts in the industry and asked if they could shed some light as to why sales jumped in May.  According to several sources, they stated that the huge increase in Silver Eagle sales were due to three reasons:



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Asset protection

Mile Markers on the Road to Ruin


Posted by Gary Christenson - The Deviant Investor

on Thursday, 25 May 2017 06:18

We know much is currently wrong with our financial world, as discussed in the James Rickards book “The Road to Ruin” and elsewhere.

 

  • The official U.S. government debt is nearly $20 trillion. Unfunded liabilities are 5 – 10 times larger. Debt has doubled every 8 – 9 years for decades – since the Federal Reserve was put in charge of devaluing the dollar. Debt will continue to grow, obviously out of control.
  • Millions of Americans are out of work, regardless of the official statistics.
  • Prices increase, some rapidly, regardless of the official statistics on consumer price inflation.
  • More government spending and debt are looming on the horizon. New and escalating wars are likely. Expect more deficits, debt, and inflation.
  • The U.S. stock market is selling at all-time highs, levitated by “easy money” and unsupported by fundamentals or breadth.

 

Option A: 

Trust the professionals who manage our digital and paper wealth which is backed only by debt, promises, fantasy, and confidence in the Federal Reserve and government. Believe official statistics and mainstream media that tell us things are peachy and not to worry.

Option B: 

Use gold and silver bullion (not the paper stuff) as financial insurance to protect the buying power of some or most of our net worth. Based on a century of experience, we can depend upon central banks and global governments to devalue currencies, create more debt, and propel gold and silver prices far higher.

Really? Those options seem extreme. Why? Read on!

STOCK MARKETS:

Consider John P. Hussman’s Exhaustion Gaps and the Fear of Missing Out.

w-deviant-investor-website-aa-current-work-in-pro

Read David Stockman: Market Crash to Occur

 

“Our country needs a good shutdown in September to fix mess!”

“There will be no bid for the stock once the panic sets in.”

BUBBLES:



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The US Dollar Remains Key

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