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@nlepan U.S. business inventories recorded their biggest increase in nearly 1-1/2 years in November, boosted by a strong rise among retailers, which suggested inventory investment would contribute to economic growth in the fourth quarter. The US Commerce Department on Friday said business inventories increased 0.7 percent. That was the biggest increase since June 2015 and followed an upwardly revised 0.1 percent dip in October. http://www.reuters.com/article/us-usa-economy-inventories-idUSKBN14X1RK?il=0
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@nlepan US Banks posted better-then-expected quarterly profits from Bank of America, Wells Fargo and JPMorgan, which bode well for the rest of the earnings season. Bank of America $BAC jumped 2.1 percent to $23.41, their highest since the financial crisis. JPMorgan $JPM surged 2.2 percent at a record high of $88.17 and Wells Fargo $WFC gained 3.1 percent to $56.20. http://www.reuters.com/article/us-usa-stocks-idUSKBN14X1EC?il=0 #banks
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@nlepan Eco Oil $EOG is up 5.5 cents (23.9%) to 28.5 cents on 123,400 shares on news today of the discovery of by neighbors to their oil and gas exploration block off the coast of Guyana.
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@nlepan U.S. retail sales rose in December amid strong demand for automobiles and furniture, providing further evidence that the economy ended the fourth quarter with momentum and is poised for stronger growth this year. The strengthening economy also is starting to generate higher inflation. Other data on Friday showed a second straight monthly increase in producer prices in December, which led to the biggest year-on-year gain in just over two years. http://www.reuters.com/article/us-usa-economy-retail-idUSKBN14X1J7
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@nlepan According to Gordon Pape, personal finance writer for the Toronto Star, writes that no matter how you look at it there is going to be a correction so build up your cash position in your portfolio. Investors have already priced in all the gains from a Trump presidency. Once his policies kick into action, Pape expects stocks to pull back. https://www.thestar.com/business/personal_finance/2017/01/07/keep-your-investment-fortunes-on-track-for-the-new-year-pape.html
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@nlepan A major Chinese investor in Indonesia smelter industry said it is considering legal action and would put a on hold its expansion plans after the company reversed its ban on the export of nickel ore and bauxite. Government officials have defended the new rules, which require nickel miners to dedicate at least 30 percent of their smelter capacity to process low-grade ore, defined as having a nickel content of less than 1.7 percent. http://www.reuters.com/article/us-indonesia-mining-idUSKBN14X12A
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@nlepan The heir to South Korea’s biggest business empire, Samsung, emerged from a marathon grilling by prosecutors Friday morning after 22 hours of questioning, a $5 lunchbox and a bowl of noodles. Prosecutors are weighing whether to seek an arrest warrant on bribery and perjury charges for the 48-year-old Mr. Lee. The investigation centers on allegations the company paid bribes in exchange for government backing for the contentious merger of two Samsung affiliates in 2015 that helped him to consolidate his control over Samsung Electronics. http://www.wsj.com/articles/samsung-heir-meets-prosecutors-22-hours-of-questioning-and-a-5-lunch-1484305005
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@nlepan U.S. customs officials have seized $25 million worth of #aluminum linked to a Chinese billionaire accused of stockpiling the metal across the world. The aluminum has become a new flashpoint in American-Chinese trade relations, with U.S. executives complaining that they are being undercut by cheap Chinese metal being sold into the U.S. illegally. A massive stockpile of aluminum that has crisscrossed the world and depressed the price of some aluminum products was part of the scheme. http://www.wsj.com/articles/u-s-seizes-25-million-worth-of-aluminum-linked-to-chinese-billionaire-1484303409
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@nlepan Friday the 13th!!!!
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@nlepan Watch Live on BNN as Canadian Finance Minister Bill Morneau meets with economists in Toronto http://www.bnn.ca/video/~68597
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@nlepan Bill Morneau looks like a very healthy Will Farrell
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@nlepan Tesla $TSLA details Supercharging fees for new buyers. New Tesla Model S and Model X cars will receive 400 kWh of free charging annually, good enough for around 1,000 miles of driving. Most regions will pay by the kWh while others will pay by the minute because of local regulations, and Tesla says the Supercharging network will not be a profit center for the firm. Instead, any income from the network will be reinvested into new Superchargers. For example, drivers in California will pay $0.20/kWh, while New York charging will cost $0.19/kWh, and Illinois charging for $0.15/kWh. http://www.cnbc.com/2017/01/13/tesla-details-supercharging-fees-for-new-buyers.html
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@nlepan Marc Faber talking on CNBC, expects that the economy will stall out and deficits will rise, forcing Trump to go "begging the Fed to launch QE4," which will cause the dollar to weaken and "precious metals to go ballistic." http://www.cnbc.com/2017/01/10/trump-will-soon-be-begging-the-fed-for-qe4-marc-faber.html
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@nlepan Cate Blanchett has found a buyer for her waterfront compound in Hunters Hill, Australia. The closing price was not disclosed but people say its was on the market for $20 million buckaroos. The house was originally bought for $10 million more than a decade ago. 50% return on investment not bad. http://www.mansionglobal.com/articles/51076-cate-blanchett-finds-new-buyer-for-australia-estate? #realestate
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@nlepan Amid a low interest rate environment in Japan, small-bank operators are having a tough time making money, forcing many to branch out or offer strange incentives to entice new customers. One bank offers a special interest rate to elderly people who can certify they recently gave up their driver's licenses. Another calls itself Tomato Bank, while some banks sponsor food conventions, chocolate brands and even odder stuff in efforts to get more customers. http://www.wsj.com/articles/with-loan-rates-in-the-tank-a-lender-turns-its-atms-into-slot-machines-1484244143?
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@nlepan Sears is ‘one sick puppy,’ and there may be no remedy. “You’ve got a group of symptoms that would lead one to believe a bankruptcy would be imminent,” said Chuck Tatelbaum director and chair of the bankruptcy and creditors’ rights department at the Tripp Scott law firm. http://www.marketwatch.com/story/sears-is-one-sick-puppy-and-there-may-be-no-remedy-2017-01-12?
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@nlepan Jeremy Bendeich from Avoca Investment Management discusses how he identifies stocks vulnerable to earnings misses, and why Australians pay too much for growth. #Australia https://www.youtube.com/watch?v=rugjJA3e0YA+
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@nlepan The Wall Street Journal got exclusive access to take a look at internal financial documents from SpaceX. The documents reveal SpaceX has a thin bottom line vulnerable to accidents, hopes planned satellite-internet business will finance eventual Mars missions. http://www.wsj.com/articles/exclusive-peek-at-spacex-data-shows-loss-in-2015-heavy-expectations-for-nascent-internet-service-1484316455
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@nlepan $EMP.A Empire Company owner and operator of Safeway and Sobey's grocery stores has finally some good news with the appointment of former Canadian Tire president Michael Medline. At time of the news the stock was at $15.53, today the stock is up $1.05 to $16.58.
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@nlepan Goldcorp $G to focus on partnering with peers to develop new mines. In an interview with Bloomberg, Goldcorp CEO David Garofalo said the greenfield projects he would be looking to develop require a lot of work, including studies, social engagement and permitting and are huge drains on management resources. Partnering would alleviate that burden, he said. https://www.bloomberg.com/news/articles/2017-01-12/goldcorp-to-focus-on-partnering-with-peers-to-develop-new-mines
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@nlepan The liberal party has been touting a $60-billion infrastructure plans since its election, however since the 12 months Trudeau took office, the federal government has only appointed $9.6 billion in contracts which is about 1/3 of the amount the Conservatives awarded in their final year in power. http://business.financialpost.com/news/economy/liberals-promised-an-infrastructure-spending-bonanza-but-a-year-into-their-term-the-money-is-trickling-out
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@rangerbentman @nlepan Is Justin trickling the money out so the Liberal party looks to be good at spending our taxes and avoiding the massive deficit?
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@nlepan The Korelin Economics Report. Rick Ackerman comments on the mid term moves gold has taken and his disappointment in the yellow metal. http://www.kereport.com/2017/01/13/rick-finds-gold-move-slightly-disappointing/
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@nlepan Politics is all PR and perception management, so looking at things through that lens, they do not want to spend it all in one go because they probably have limited resources and are trying not to fit the mould of tax and spend liberals.
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@nlepan $IBM to plunge more than 30% this year on weak earnings, Credit Suisse says. Credit Suisse reiterated its underperform rating for IBM shares, saying the company's earnings for the December quarter will miss Wall Street's consensus estimate. http://www.cnbc.com/2017/01/13/ibm-to-plunge-more-than-30-percent-this-year-on-weak-earnings.html
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@nlepan $NXO Nexoptic Technology Corp. is having a hell of a day up 28 cents (27.5%) on 907,000 shares. Most recent news on Jan 10 was the announcement of Stephen Petranek to the board of directors. Mr. Petranek is the former editor-in-chief of the world's largest scientific magazine, Discover, and was the senior editor for sciences at Life Magazine. Earlier in his career, Mr. Petranek was the editor of The Washington Post's magazine and editor-in-chief of the Miami Herald's Sunday magazine. Mr. Petranek is also a recipient of the prestigious John Hancock Award for Business and Financial Writing, considered by many to be the Pulitzer of financial writing.
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@nlepan The Rogers International Commodity Index Total return has had an incredible year. This time last year the fund was sitting at $1,877 USD and it is currently at $2,337.62. Still a long cry from its high of $3971.91 on September 14, 2012.
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@nlepan #Iron ore imports by China surged to a record above 1 billion metric tons last year as unexpectedly strong steel production and lower local mine output combined to fire up demand in the world’s top buyer for cargoes from Australia and Brazil, supporting a rebound in prices. Bloomberg states that this translates into a 32 tons per second iron appetite in China. https://www.bloomberg.com/news/articles/2017-01-13/iron-imports-by-china-top-1-billion-tons-to-absorb-rising-supply
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@nlepan According to Mining Magazine, the global mining equipment market is expected to reach US$128.39 billion by 2025. http://www.miningmagazine.com/management/procurement/growth-forecast-for-mining-equipment-market/? (pay wall)
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@nlepan A former Jefferies Group Inc. bond trader being tried a second time for defrauding clients about prices of mortgage bonds should be convicted because he lied repeatedly to his own customers to boost profits, a U.S. prosecutor argued today. They said this caused customers to overpay for bonds they bought and be paid less for bonds they sold, leading to roughly $2.25 million of improper profit for Jefferies. The outcome could affect cases against six other former traders. http://www.reuters.com/article/us-jefferies-litvak-idUSKBN14X24N?il=0
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@nlepan Venezuela's PDVSA sees 2017 oil output stuck near 23-year lows in 2017. This year, PDVSA sees production at 2.501 million barrels per day, an increase of 5,000 from the 2.496 million bpd for the first 11 months of 2016, according to a nine-year strategic plan presented in December. #oil #energy http://www.reuters.com/article/us-venezuela-pdvsa-idUSKBN14X0GW
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@TomWallace @nlepan the chinese have been very smart when it comes to aluminium. They build power plants right next to smelters so their power costs are mini
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@nlepan The case for Exxon’s Rex Tillerson as Trump’s secretary of state. "The adage goes that “oil is not found in nice places” and as such, Tillerson has found himself dealing with leaders of some of the world’s most problematic regimes – men like Russian President Vladimir Putin and former Venezuelan President Hugo Chavez. The fact that he can successfully negotiate with them is an asset, not a liability." http://www.reuters.com/article/us-tillerson-hearing-commentary-idUSKBN14V1TR
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@nlepan Deutsche Bank AG has banned text messages and communication apps such as WhatsApp on company-issued phones in an effort to improve compliance standards. https://www.bloomberg.com/news/articles/2017-01-13/deutsche-bank-is-banning-text-messages-on-company-issued-phones
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@nlepan Potential delays looming over three major U.S. natural gas pipeline projects are threatening to sour a popular wager on the fuel. Gas for delivery in April 2018 is trading at a deep discount to the march contract, for traders this signals there will be lots of supply by the end of next winter. The spread between these two contracts is known as the widow maker because it is so volatile but it could become a premium if fuel from pipelines meant to come from shale basins in Pennsylvania, Ohio and West Virginia, arrive on time. However, there are regulatory setbacks are threatening the timeline of this trade. #trading #energy https://www.bloomberg.com/news/articles/2017-01-12/a-popular-u-s-gas-bet-s-at-risk-of-crumbling-on-pipeline-logjam?
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@nlepan @miningBookGuy look what you did, your post made $EDV put out a press release (joking)
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@nlepan Why a stock-picking 'renaissance' may be coming. http://www.cnbc.com/2017/01/13/stock-picking-renaissance-may-be-coming.html?
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@nlepan Oil Futures decreased as much as 1.4 percent in New York and were headed for a weekly decline of about 3 percent. Oil is poised for its first weekly decline in more than a month as traders await proof that OPEC and other producers are following through on promises to cut production. https://www.bloomberg.com/news/articles/2017-01-12/oil-holds-two-day-advance-near-53-as-saudis-make-deeper-cuts? #energy #oil
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@nlepan Reducing Norway’s oil dependency and living up to campaign promises is proving a costly affair for Prime Minister Erna Solberg. Struggling to keep up output after 40 years of production, and hit by the largest decrease in oil prices over a generation, Solberg’s government saw its plans laid to waste soon after taking power, in 2013. The government plans to withdraw money for a second consecutive year from the $880 billion wealth fund and spend 226 billion kroner ($27 billion) of its oil revenue, equal to almost 8 percent of the economy. https://www.bloomberg.com/news/articles/2017-01-13/kicking-the-crude-habit-doesn-t-come-cheap-for-richest-scandinavians? #energy #oil #Norway
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@nlepan Demonetization in India has put a kink in production at the diamond cutting and polishing hub of Surat which has resulted in a price increase over the past month of 2% to 3%. Rising prices have helped exporters which has offset some the adverse effects of the removal of paper currency. Diamond mining companies such as De Beers, ALROSA, Rio Tinto and Dominion Diamond have also not forced Indian processors to lift higher volumes of diamonds. http://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/note-ban-takes-the-sheen-off-diamond-industry/articleshow/56513241.cms? #diamonds #India
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@nlepan 36 companies in the S&P 500 are expected to report next week. Here they are with how their EPS (earnings per share) estimates have changed over past 90 days. http://stocktwits.com/TheEarningsScout/message/71697071?
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@nlepan Fact of the day, El Salvador had its first day without a homicide in two years. https://www.rt.com/news/373624-el-salvadors-murders-gangs/
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@PamplonaTrader @nlepan great documentary on El Salvador gang culture https://www.youtube.com/watch?v=oLgSjLtWka4+ #MS13 #18thSt
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@nlepan Barry Ritholtz interviews Brett Steenbarger, a clinical psychologist who has published numerous articles and books on trading psychology. https://www.bloomberg.com/news/audio/2017-01-13/interview-with-brett-steenbarger-masters-in-business-audio #audio #trading #psychology
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@nlepan I will check out the documentary @pamplonaTrader
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@PamplonaTrader @nlepan that documentary is totally enthralling
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@nlepan In a discussion with Peter Thiel, Maureen Dowd asked whether he was a Star Trek or a Star Wars fan. He replied as a capitalist he likes Star Wars, Star Trek is the "communist one." http://www.newyorker.com/tech/elements/why-peter-thiel-fears-star-trek
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@FundamentalAnalysis @nlepan And yet El-salvador has a mining ban............looks like they need it
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@nlepan Jockology: Looking in a mirror while working out may not improve results. (Instead make everyone else in the gym uncomfortable and stare at them) According to a recent study, mirrors are neither the best nor the worst place to focus. Instead, what matters most is concentrating on the external consequences of your actions rather than on the internal movements of your body. http://www.theglobeandmail.com//life/health-and-fitness/health/looking-in-a-mirror-while-working-out-may-not-improve-results/article33618016/?
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