Decline in Peru’s Silver Production, Future Supply at Risk?

The Peru Ministry of Energy and Mining just released their silver production data for February, and it was a whopper to the downside. Actually, I was quite surprised to see how much Peru’s silver production declined versus the same month last year. Also, Peru’s gold February production took a similar big hit. According to the Peru Ministry of Energy and Mining data, the country’s silver production fell 12% to 323.1 metric tons (mt) this February versus 367.4 mt the same month last year: This is a 44 mt decline in one month, nearly 1.5 million oz lost. Here is the […]

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4 Surprising Charts About Silver Production & Future Higher Prices

If the market has finally experienced a peak in world silver production, this warns of higher prices in the future.  In addition, the global silver market suffered another large net supply deficit in 2016.  These factors point to a big upcoming trend change in the future silver market. The Silver Institute just published its 2016 Silver Interim Report.  This report is published by Thomson Reuters GFMS.  According to their forecast for 2016, global silver production will decline to 887 million oz (Moz), down from 893 Moz in 2015: While forecasted global silver production for 2016 is down only slightly versus […]

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Reinventing work for the future

We have a crisis of work. The secure, well-paid jobs of the past – many of them in manufacturing – are disappearing. What is replacing them is insecurity and uncertainty. Low-paid, part-time, temporary and seasonal work. The “feast or famine” of self-employment. The so-called “sharing economy”, where people rent out their possessions for a pittance. The “gig economy”, where people are paid performance by performance – or piece by piece. “Piecework“, we used to call it. Perhaps we should rediscover this name. Piecework has been the lot of most humans throughout history. Secure full-time jobs for wages have existed for less […]

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Markets: Understand the Present to Forecast the Future (Part 2)

In part 2 of our in-depth interview with Steve Hochberg, Steve explains what else makes Elliott wave analysis so useful and practical. If you missed part 1 of our in-depth interview with Steve Hochberg, you can watch it here. [Editor’s note: A text version of the interview is below.]   Alexandra Lienhard: So, as editor of the Financial Forecast and the Short-Term Update, what’s the goal with the services you provide? Steve Hochberg: It’s interesting in how we form them. Bob [Prechter] writes the Elliott Wave Theorist, and has been doing so since 1978. Back in the 1990s, his interest […]

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Hasta La Vista… Traders? (The Future Of Artificial Intelligence In The Financial Industry)

Hasta la vista… traders? One of our favorite movies at Macro Ops is Terminator 2: Judgement Day. The early 90’s classic had Arnold at his best and changed the sci-fi action genre forever. People have always had a particular fear of technology and machines, but Terminator really solidified that picture. How many times have you heard the “Skynet” argument when it comes to today’s technology? Fortunately, I don’t spend much time worrying about robots taking over the world. I’ll leave that to Elon Musk. But what does interest me is what artificial intelligence (AI) means for financial markets. While some […]

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Markets: Understand the Present to Forecast the Future (Part 1)

Alexandra Lienhard: I’m Alexandra Lienhard for ElliottWaveTV, and today I’m joined by Steve Hochberg, Chief Market Analyst at Elliott Wave International. Now Steve, everyone’s got a background, a story to tell, so what’s yours? How did you become interested in the financial markets in the first place? Steve Hochberg: Probably like a lot of other people did. Growing up, you start reading the financial papers and you probably have a family member involved. In my case, it was my grandfather who was involved in the market. So you start, you hear things people talk about; you get interested in companies […]

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The Future Of America? – More Than Half Of All U.S. Adults Under Age 30 Now Reject Capitalism

A shocking new survey has found that support for capitalism is dying in America.  In fact, more than half of all adults in the United States under the age of 30 say that they do not support capitalism at this point.  You might be tempted to dismiss them as “foolish young people”, but the truth is that they are the future of America.  As older generations die off, they will eventually become the leaders of this country.  And of course our nation has not resembled anything close to a capitalist society for quite some time now.  In a recent article, […]

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US 2015 Oil Production and Future Oil Prices

Oil production can be confusing because there are various “pieces” that may or may not be included. In this analysis, I look at oil production of the United States broadly (including crude oil, natural gas plant liquids, and biofuels), because this is the way oil consumption is defined. I also provide some thoughts regarding the direction of future world oil prices. Figure 1. US Liquid Fuels production by month based on EIA March 2016 Monthly Energy Review Reports. US oil production clearly flattened out in 2015. If we look at changes relative to the same month, one-year prior, we see that […]

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This Disruptive Technology Could Change the Future of Agriculture

When a business closes and gets kicked out of its building, it’s common for another business to sign a lease… especially on valuable real estate. But this might be one of the weirdest exchanges I’ve ever heard. Newark is the largest city in New Jersey. It’s a major commercial destination. The last thing you’d expect to grow in the middle of a place like this, is a farm. A new startup called AeroFarms recently acquired an old nightclub in the middle of Newark, and cleared the dance floor to make room for a 15-foot-high stack of planters. They’ve also signed a […]

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Compulsory Contributions: The Future of Retirement Planning?

Recently, CNBC’s Kelly Holland wrote a commentary on the apparent failure of the 401K system. She explained that the typical family only had just less than $ 19,000 in their retirement accounts. How can anyone retire on that? 401Ks were supposed to be the new, better way to save for life after work… a replacement for the old, burdensome pension plan program that has faltered for many years now. With a 401K, you get your own retirement account and get to manage your own destiny! More importantly, the 401K would take all the pressure off companies. Pensions were a great […]

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