By Jason Riley – Re-Blogged From Prage University
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‘Big Mac Index’ Shows US Dollar Strongest in 30 Years
Re-Blogged From Newsmax
The U.S. currency is at its strongest level in 30 years, according to the Economist newspaper’s January 2019 “Big Mac Index.”
The newspaper’s “lighthearted guide to exchange rates” measures the purchasing power of currencies against each other. The gauge also compares the prices of McDonald’s flagship hamburger, the Big Mac, in different countries with the actual exchange rate between the currencies to determine whether a currency is over- or undervalued.
For example, “a Big Mac costs 3.19 pounds in Britain and $5.58 in the United States. The implied exchange rate is 0.57 [pound per dollar]. The difference between this and the actual exchange rate, 0.78, which suggests the British pound is 27% undervalued,” the Economist said.
Big Silver Price Move Foreshadowed As Industrial Panic Looms
Mike Gleason: It is my privilege now to welcome in David Jensen of Jensen Strategic, a highly-studied mining analyst in precious metals expert with close to two decades of experience in the mining industry, and it’s great to have him on.
David, thanks so much for the time today and nice to finally talk to you.
David Jensen: My pleasure, Mike. It’s good to touch base with you.
Mike Gleason: Well, David, you’ve been closely following the palladium market, and that’s where I wanted to focus much of our conversation today, because that’s obviously where most of the fireworks are happening in the metals these days. Now, for the most part over the last few years, gold and silver prices have been bouncing around and have been basically in trading ranges. But palladium has been a different story, however. The metal has been climbing steadily for most of the past three years. Things got off to a rough start in 2018, but since the middle of August, prices have rallied more than 30% and we’re back to all-time highs.
GDXJ Upside Bests GDX
By Adam Hamilton – Re-Blogged From Gold Eagle
Gold miners’ exchange-traded funds are surging with gold powering higher. These mounting gains are naturally fueling growing interest in the leading gold-stock investment vehicles. Traders looking to deploy capital are wondering which major gold-stock ETF is superior, offering the best balance between upside potential, component fundamentals, and risks. GDXJ takes the crown, besting its larger big brother GDX.
By my count, there are currently 14 gold miners ETFs trading in US markets. But that’s not authoritative, as the broader ETF industry is constantly in flux. These gold-stock ETFs collectively held $17.5b in net assets as of the middle of this week. And two major ETFs utterly dominated, commanding fully 85.1% of all those gold-stock investments! They are of course GDX and GDXJ, which dwarf everything else in this sector.
Shutdown Demonstrates How “Vital” Government Scientists Are… NOT
Guest laugh by David Middleton – Re-Blogged From WUWT
The laugh is the fact that an article demonstrating the nonessential nature of government scientists, is titled “The Shutdown Shows Just How Vital Government Scientists Are”…
ERIC NIILER SCIENCE 01.08.19
THE SHUTDOWN SHOWS JUST HOW VITAL GOVERNMENT SCIENTISTS ARE
Chicken Soup Really Does Have Health Benefits
By Health Day – Re-Blogged From Newsmax Health
[When I was young, I was told, “Have some chicken soup. It couldn’t hurt.” -Bob]
Many people rely on chicken noodle soup to soothe a cold, but few know exactly why the warm broth brings relief.
But one dietitian can explain its magic.
Trump Promises Citizenship Path for Skilled Workers from Outside U.S.
By Agence France-Presse – Re-Blogged From Liberty Headlines
‘Rest assured that changes are soon coming which will bring both simplicity and certainty to your stay…’
Tech workers are increasingly moving from the United States to Canada due to the hassle in obtaining H1-B visas/PHOTO: AFP
(AFP) President Donald Trump said Friday he would make it easier for top-skilled workers to stay in the United States and become citizens.
Trump pledged to reform coveted H1-B visas, for which three-quarters of applicants are from India, most of them in the technology sector.
“H1-B holders in the United States can rest assured that changes are soon coming which will bring both simplicity and certainty to your stay, including a potential path to citizenship,” Trump tweeted.
“We want to encourage talented and highly skilled people to pursue career options in the U.S.”
