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18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
15,405 Blog Posts

THE GODS ABIDE: $CLR BREAKS OUT

Let’s keep this simple.

Bull market: check

Crude trending up: check

Favorable seasonality for crude: check

$CLR up on revenue miss bullish: check

EXODUS wins again: indeud

The whole commodity space is a buy. One of my favorites is CLR. Chart analysis below.

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DEBT FOR LIFE: U.S. Treasury Exploring 100 Year Bonds

Treasury Sec Mnuchin said the he’s reviewing the specter of issuing 50 and 100 year duration bonds, joining the likes of the fucking leaves in Canada, the drunkards in Ireland and the illegals in Mexico.

Most people that I know are sanguin on national debt. They view it as something that never has to be paid off, especially since the largest holder of US debt is our own Federal Reserve. Isn’t that wonderful? The Fed creates magic money and buys government debt with it, drawing an interest rate from the people — based off what again? The minutia of the Fed’s gambits sometimes escapes me.

“I think it’s something we should seriously look at. I’ve already begun to talk to the staff about looking at that. We’ll reach out to the market, investors, different people, but I think it’s something that is a very serious issue of whether we should explore whether we can raise 50- or 100-year money at a very slight premium. That’s something that makes sense for Treasury to look at,” said Mnuchin.

“We’re not ready to make any formal announcement on whether we’re going to have a 50-year or 100-year,” said Mnuchin.

I can see it now. Trump will issue $1t in 100yr bonds, yielding 3.5% to fund his infrastructure projects and people will sop up that juicy high yielding debt for the trust funds of their children, providing them with a steady flow of income for life.

How generous of the treasury. Can’t wait.

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$TGB, $NAK Break Out Off Earnings and a Letter to the EPA

Don’t ask me why I have 20% of my portfolio in $TGB, but I do. There’s something wrong with me and my penchant for taking outsized risk. Apparently, that risk will pay off in spades today after a huge earnings win was reported last night. TGB is a very overlooked and undervalued copper play.

Shares are jumping in the pre-market.

Reports Q4 (Dec) earnings of CC$0.07 per share, CC$0.07 better than the Capital IQ Consensus of (CC$0.00); revenues rose 54.1% year/year to CC$94.6 mln vs the CC$91.92 mln two analyst estimate.

Site operating cost per ton milled was $9.13, a fifth consecutive quarter below the $10 internal benchmark cost due to a continued focus on spending and operational efficiencies.
Copper production at Gibraltar was 40.7 million pounds (100% basis), an increase of 23% over the same period 2015. The Gibraltar molybdenum facility, which was restarted in September, produced 800 thousand pounds of molybdenum.

Total sales for the quarter were 40.4 million pounds of copper and 800,000 pounds of molybdenum.

Gibraltar Outlook: Average head grade is expected to be approximately 0.30% in 2017. Overall, Gibraltar has achieved a stable level of operations consistent with the updated reserve model published in 2015 and the company continues to focus on further improvements to operating practices to reduce unit costs. During September 2016, the molybdenum circuit at Gibraltar was successfully restarted, and will continue to contribute by-product credits in future periods.

$NAK is soaring this morning because of a letter sent to the EPA by House Comittee Chair for Science, Space and Technology, Lamar Smith, requesting that the EPA grant NAK a permit to mine in their Pebble Mine property in Bristol Bay, Alaska. This had been barred under Obama’s EPA due to the clean air act and many have played NAK as a proxy for Trump’s victory — believing his version of the EPA would be more lenient on these issues.

The stock is absolutely soaring this morning on this news.

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EXODUS SPECIAL: $CLR is Oversold; Will the Gods Abide?

One of my portfolio holdings, a big stupid oil company that ran into the 2016 oil rout with zero fucking hedges — driving their god damned oil rigs into a fiery blaze stocked with (err) barrels of oil, flagged oversold today in Exodus. That company is none other than $CLR, the denizen of Harold ‘motherfucking’ Hamm — giver of half to his freshly divorced wife.

The Exodus stats have been nothing short of stellar.

Here is a visual of the price action during the recent spate of oversold signals. Notice how they win all the time? Yeah, that’s because I developed the algorithm.

CLR reported after the bell today and missed on revenues. But it doesn’t matter. The Gods, both old and the new, shall grant Le Fly a reprieve some any pullback and boomerang it towards the sun. I’m anticipating a sharp move to the upside in crude, in the immediate term, as the House of Saud prepares the world for the biggest IPO ever released to the public, Aramco.

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Mexican Officials Are Fuming Over Trump’s Deportation Plans — Because They Don’t Want Illegals

Mexican Foreign Minister Luis Videgaray doesn’t want illegal immigrants entering into Mexico — via the United States. As part of Trump’s plan in dealing with illegal immigrants, any illegal migrant entering via Mexico will be sent back into Mexico, irrespective of whether he/she is a Mexican national. This small detail, which seems perfectly reasonable to any rational person, is driving Mexican officials insane.

Why?

Ironically, they don’t want any god damned illegals in their country.

Source: CNN/Reuters

A Mexican official, speaking on condition of anonymity to discuss sensitive diplomatic matters, said that Pena Nieto, Videgaray and other officials will make clear to Kelly and Tillerson that Mexico will not take deportees who are not Mexican nationals.

A second Mexican official emphasized that Mexico is not bound by a US presidential order and said there’s nothing the US can do to force the issue. This official pointed out that there is no bilateral agreement between the US and Mexico on having to take these immigrants.

This official said that for more than two years, Mexico has been stopping Central American migrants before they reach the US — and added that this is one of the pieces of leverage they have. If Trump doesn’t stop these “orders,” it will make it more difficult for Mexico to continue this cooperation, the official said.

CNN’s unnamed sources from deep within the bowels of the Mexican government are threatening to open the floodgates for Central American illegals to stream into the United States, if Trump doesn’t rescind his immigration deportation plans. In other words, Mexico believes it’s perfectly fine for the United States to accept an unlimited amount of illegals, but they don’t want any of them.

“I want to say clearly and emphatically that the government of Mexico and the Mexican people do not have to accept provisions that one government unilaterally wants to impose on the other,” he told reporters at the Foreign Ministry.

He said the issue would dominate the talks, taking place on Wednesday and Thursday. Mexico will insist that the United States proves the nationality of any person it wants to deport to Mexico, he said.

“We also have control of our borders and we will exercise it fully,” he said, adding that Mexico was prepared to go the United Nations to defend the freedoms and rights of Mexicans under international law.

Roberto Campa, who heads the human rights department of the Interior Ministry, said the plan to deport non-Mexicans to Mexico was “hostile” and “unacceptable.”

Hypocrisy at its finest.

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L Brands Crushed After Issuing Massive Warning; Sales of Victoria’s Secret Apparel Set to Plunge

The gayification of America is having a profound effect on the sale of sexy lingerie — as the younger generation finds their innerselves and ‘explores’ the depths of their depravity via ‘alternative lifestlyes.’

“DO NOT JUDGE MY GENDER” said the cucked male — as he applied lipstick to his bearded face.

This culture intervention is a form of eugenics — weeding out a portion of society — ensuring they do not procreate — so that the gene pool can continue clean and without impurities. Do not yell at Le Fly for delivering this message. Eugenics has been attempted for thousands of years and has been the dream of all elites, as old as history itself.

As such, no one is buying Victoria’s Secrets, mainly because she’s a female and that’s gender insensitive.

Reports Q4 (Jan) earnings of $2.03 per share, $0.13 better than the Capital IQ Consensus of $1.90; revenues rose 2.1% year/year to $4.49 bln vs the $4.51 bln Capital IQ Consensus.

Comparable sales for the fourth quarter ended Jan. 28, 2017, were flat. For the fourth quarter, the exit of the swim and apparel categories had a negative impact of 2 percentage points and 4 percentage points to total company and Victoria’s Secret comparable sales, respectively.

Co issues downside guidance for Q1, sees EPS of $0.20-0.25 vs. $0.49 Capital IQ Consensus Estimate.
Co issues downside guidance for FY18, sees EPS of $3.05-3.35 vs. $3.69 Capital IQ Consensus Estimate.

The 2017 earnings per share forecast includes negative impacts related to the exit of the swim and apparel categories at Victoria’s Secret, continued investment in China and investment in real estate at Victoria’s Secret and Bath & Body Works.

The company expects to report a mid-to-high-teens decrease in February comparable sales, below expectations for a mid-single digit decrease, reflecting a decline of about 20 percent at Victoria’s Secret and a mid-single digit decline at Bath & Body Works. The exit of swim and apparel at Victoria’s Secret is negatively impacting total company comparable sales by about 6 percentage points.

Shares of $LB are lower by 12% in the after-hours. No mall operator is safe from the savagery of Amazon and social justards.

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RECORD HIGHS: Household Debt Now Highest Since Lehman Crisis

Everything is hitting record highs these days. We’re enduring record hysteria by the left, record levels for equity markets, record amounts of money is being produced by central banks, and of course record amounts of debt in American households.

There was a brief respite in the debt narrative during 2012-2013, when debt actually decreased and savings rose. Incidentally, markets soared by 35% that year. Ever since then, Americans have, dutifully, tethered themselves to the debt bandwagon — beguiled and afflicted by predatory lenders who borrow at 0.5% and dole out at 32.5%. Some people increase their debt load because they must, in order to survive. Others do it because they need a new car or perhaps something stylish to wear at their next ballroom gala.

Either way, these numbers only increase the risk of a gigantic blow up — a la 2008.

Here is the only outlier, home equity debt — down 35% from its peak, thanks to stricter standards. Everything else is up.

The accumulation of debt runs in tandem with population growth. Although recent trends might suggest all is well on that front, the social dysfunctionality of the new millennial generation, who all seem to be gay or attracted to anime, has created a very stark and gloomy outlook for people who are paying attention to actuary tables. In other words, western societies must continue to attract and accept immigrants from nations who still believe in having babies, in order to keep the banks replete with new customers to pay them 32.5% interest rates for their money — which is given to them by the Federal Reserve and ECB for practically nothing.

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HERE ARE THE TOP PERFORMING ETFs FOR 2017

The $SPY is up 5.6% for the year, thus far — but the gains have been much greater amidst sector specific ETFs.

Here are the winners.

DGAZ +120%
JNUG +93%
KOLD +73%
LBJ +59%
NUGT +48%
LABU +46%

Those are all leveraged shit ETFs, designed to bankrupt people are drive up the revenues for estate attorneys.

Here are the best non-leveraged ETFs.

XIV +39%
URA +33%
BRF +28%
SIL +19%
BIB +19%
CQQQ +18%

Question: with static returns like that, why do you bother retaining the services of financial advisors?

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Commodity Stocks Continue to Get Clubbed to Death in Do-Nothing Session

On the surface, stocks are gently gliding higher. But underneath the hood, pure evil persists.

Crude oil closed lower by 1.4% and the Trump trade seems to be in doubt, after a flurry of reports indicating the catamites in the uniparty are uninterested in cutting taxes. After all, that might help the middle class. No one wants or needs the uppity middle class — craven beats trying to enlighten themselves with news.

Sir, you will take the FAKE NEWS that I giveth to thou and digest it whole. Meanwhile, I shall raiseth your taxes and send animals to distribute drugs and gender neutrality pamphlets into the schools where your children reside.

At some point you will all come to realize that if you’re not an establishment shill or ward of the state, you’re the enemy — irrespective of your political leanings.

Back to the topic at hand.

SELL OFF

Look at the far right corner there. See the breadth? Dreadful.

On the plus side are beverages, plastics and other defensive issues. This is not a good day for stocks — regardless what the Dow Jones index says.

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Former Secretary of Labor, Robert Reich, Blames Trump for Sweden’s Riots

Liberals are god damned crazy people. Don’t try to convince me otherwise. I sat here for a good 10 minutes trying to frame this small story, not wanting to overhype or trivialize it either.

Here’s a former cabinet member of Bill Clinton, a man who has worked in 3 democratic administrations, blaming Donald Trump on the riots that took place in Stockholm the other night — which happened after police arrested a local drug dealer.

If you’re just catching up, Trump made reference to an incident that never happened in Sweden in a speech, which then caught fire on social media. The left said Trump was spewing fake news. The right said Trump was playing 4d chess, making a purposeful faux pas in order to bring to light the horrible ongoings in Sweden, a country that has taken in more Muslim migrants, per capita, than any country in Europe. The whole country is being raped and beaten up on a daily basis now — a complete and utter nightmare.

So then the very next day after Trump’s comments, this happened.

Which then resulted in crazy Reich going off the rocker, blaming Trump for the violence. This is reminiscent of Obama blaming Benghazi on a YouTube video, isn’t it?

Quit apologizing for savages, you stupid shits.

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