Just because a Ponzi scheme is run by a government doesn’t mean it won’t collapse.The situation in Kentucky serves as a dire warning about larger pension systems including Social Security.What Kentucky is currently facing in like a bank run. When people hear that a bank is failing, they all scramble to get their money out before it goes bust. This snowballs and the bank runs out of cas...Read More
Just because a Ponzi scheme is run by a government doesn’t mean it won’t collapse.The situation in Kentucky serves as a dire warning about larger pension systems including Social Security.What Kentucky is currently facing in like a bank run. When people hear that a bank is failing, they all scramble to get their money out before it goes bust. This snowballs and the bank runs out of cas...Read More
Canadian oil producer Cenovus Energy (TSX, NYSE:CVE) has named industry veteran Alex Pourbaix chief executive officer, effective Nov. 6.Pourbaix replaces Brian Ferguson, who announced his retirement earlier this year following Cenovus' $17.7 billion acquisition of oil sands and Deep Basin assets from ConocoPhillips (NYSE:COP).Pourbaix, who worked at TransCanada Corp for 27 years, most recently hel...Read More
The Herd Buys at LastIn 2009, when I was recommending gold stocks that were trading below the amount of money they had in the bank, no one wanted to buy. These stocks went up more than 3,000%.Here we are eight years later, and finally your neighbors are dumping money into stocks. In the United States, equity funds brought in their largest inflows in six months.Reuters recently said that $7.5 billi...Read More
Constellation Brands (NYSE: STZ), the maker of Corona beer and Svedka vodka, has purchased a nearly 10 percent stake in Canopy Growth Corporation (TSX: WEED) for close to $200 million.Although this is the first time we've seen a major beer manufacturer enter the cannabis space, it won't be the last.The truth is, both the alcohol and tobacco industries are slowly entering the cannabis space because...Read More
Let’s Not Pick and Choose Our FreedomsProstitution has been illegal in California for 145 years. But for the first time, judges appear to be considering overturning the law.In the past, challenges to the law have been outright dismissed. But now judges have agreed to take a closer look at the California law."Why should it be illegal to sell something that it's legal to give away?" A judge as...Read More
Let’s Not Pick and Choose Our FreedomsProstitution has been illegal in California for 145 years. But for the first time, judges appear to be considering overturning the law.In the past, challenges to the law have been outright dismissed. But now judges have agreed to take a closer look at the California law."Why should it be illegal to sell something that it's legal to give away?" A judge as...Read More
Looking out for bargain gold mining stocks? The mining industry as a whole has worked diligently to keep costs minimal and valuations high. Even so, more than a few gold miners are only priced at "bear market extremes". Contributor Mike Kachanovsky shares one of his undervalued Canadian gold stocks. In a perfect world, a junior mining company starts off a promising exploration project with ambitio...Read More
Home solar panels can drastically cut or even eliminate electricity bills, reduce a home's carbon footprint, increase resale value, and may even help a home sell faster.The cost of rooftop solar systems has fallen dramatically in recent years, and most homeowners have the option of buying the system, leasing it on reasonable payment terms, or having a third-party pay for and install the system at...Read More
Have you seen these types of articles? They say, “Why You Need To Stop…” and then fill in the personal preference of the author. They tell you all the things you need to stop doing in order to be a politically correct, castrated, unimposing social automaton.Why You Need to Stop Reading Barstool Sports. It’s because the author is offended by barstool sports, and thinks it is...Read More
Have you seen these types of articles? They say, “Why You Need To Stop…” and then fill in the personal preference of the author. They tell you all the things you need to stop doing in order to be a politically correct, castrated, unimposing social automaton.Why You Need to Stop Reading Barstool Sports. It’s because the author is offended by barstool sports, and thinks it is...Read More
"Good morning! I hope you're having a good day!""Who are you talking to?" asked the friend I was driving to work the other day.I pointed forward through my windshield. Ahead of us on the highway, maybe two or three cars away, was a beautiful cobalt blue Tesla Model S."Do you know them?" she asked.I shook my head. "Nope. I just hope they're having a good day. I mean, they've almost got to be, right...Read More
While worries of the recreational market are fixated on distribution and price of dried cannabis, many industry experts fear a shortage of LPs licensed to also produce and sell cannabis oil will leave the market undersupplied.The regulatory system is not structured to solely license companies exclusively focused on oil extraction: "The way the system is set up is that it is a complete seed-to-sal...Read More
Here’s an update on my latest trades for the week ending on October 27, 2017.Bought 3,000 shares of NexGen Energy (NXE) @ $2.10/share Bought 9,000 shares of Erdene Resources (ERDCF) @ $0.5126/share Sold 5,000 shares of Garibaldi Resources (GGI.V) @ C$4.85/share NexGen EnergyUranium is hated right now, which is good for anyone who wants to hunt for deep value discounts… The problem,...Read More
I don't make it a habit to argue with my readers.Unfortunately, sometimes it's unavoidable.This morning was one of those times, and it all started with a simple message sent via Twitter."Musk is such a great guy, just look at the good he's doing; the guy can do no wrong," he told me.At first, I'll admit it was hard to disagree with that sentiment.After all, it was only a few days ago that we learn...Read More
The power or right to act, speak, or think as one wants without hindrance or restraint... that’s freedom.For many, the word means the ability to do as they see fit. For some, it’s a call to action. And for others, freedom is a dream worthy of giving their lives.Fortunately for a good number of people within the Western world, freedom is something we have come to expect within our dail...Read More
The power or right to act, speak, or think as one wants without hindrance or restraint... that’s freedom.For many, the word means the ability to do as they see fit. For some, it’s a call to action. And for others, freedom is a dream worthy of giving their lives.Fortunately for a good number of people within the Western world, freedom is something we have come to expect within our dail...Read More
The financial elite in this country - from multibillionaires to corporate executives - know something big is about to change in the world.Ford, GM, Honda, Toyota... all the major carmakers are focusing massive research on creating whole fleets of electric vehicles (EVs).Major oil and gas conglomerates are shifting research away from exploration and production of fossil fuels and towards renewable...Read More
Gold and silver stocks are out of favor and back in the toilet again! Well, maybe not the entire sector, but in the world of mining stocks, almost nobody is a fan of advanced stage developers right now…Can it get any more boring?The trend ain’t your friend…Here’s a six month chart.Erdene Resources (ERD.TO/ERDCF) is down -43.4%.Pure Gold Mining (PGM.V/LRTNF) is down -13.1%.G...Read More
Last week, I asked you to push aside your emotions when investing.Legendary investor Warren Buffett learned to do this on his very first trade, and it remains one of the few lessons that many traders simply can't grasp.Today, I want you to break this rule.Toss it, shred it, discard it however you wish... it doesn't matter.This time, I don't want you to just let your emotions guide you; I want you...Read More