A dozen safe-haven stocks for your retirement portfolio

Over the last 12 months, the security token industry has seen some incredible growth… and it’s not slowing down anytime soon.

Juan Hernandez, founder and CEO of OpenFinance Network, is a true pioneer of this industry. He created the first-ever security token platform. Juan joins me today to share the story… and discuss where the security token industry is headed—from the regulation process to risk factors the industry faces [19:26].

There’s a lot of selling pressure going on in the markets right now. In my educational segment, I break down why this is happening… and give you a list of safe-haven names to ride out the storm [50:01].

China: Paper Tiger

China’s shock currency devaluation last week begs the following questions: Is China a rising giant of the twenty-first century poised to overtake the United States in wealth and military prowess? Or is it a house of cards preparing to implode?

Conventional wisdom espouses the former. Yet, hard evidence suggests the latter.

Your correspondent in the world famous Long Bar on the Bund in Shanghai, China. The Long Bar (about 50-yards long) was originally built in 1911 during the heyday of foreign imperialism in China just before the formation of the Republic of China (1912-1949). Bar regulars were divided into “tai-pans” (bosses who sat near the window), “Shanghailanders” (who sat in the middle), and “griffins” (newcomers who sat at the far end).

I made my first visits to Hong Kong and Taiwan in 1981 and my first visit to Communist China in 1991. I have made many visits to the mainland over the past twenty years and have been careful to move beyond Beijing (the political capital) and Shanghai (the financial capital) on these trips. My visits have included Chongqing, Wuhan, Xian, Nanjing, new construction sites to visit “ghost cities,” and trips to the agrarian countryside.

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Silver Will Benefit From America’s Debt Crisis

The media hated them.

Big Business, numerous federal agencies, and politicians of all stripes hated them too.

Even Tiffany & Co., the famous jewelry company, vilified them in a full-page advertisement in The New York Times, calling them “unconscionable.”

The villains everyone loved to hate were the Hunt brothers. They were critics of the fiat money system and advocated for hard money based on commodities.

At the time, private ownership of most gold was illegal in the US. So the Hunt brothers turned to the next best thing: silver.

From the late 1970s to 1980, they stockpiled silver. And unlike other investors who settled their silver trades in cash, the Hunts took physical delivery. This often meant flying the silver to Switzerland for storage.

It squeezed the supply… and helped push the silver price up. Its price went from around $6 in the late ’70s to around $50 in 1980.

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It Starts: First Truck Maker Cuts Production

Navistar confirms next phase in Transportation Recession.

After orders by trucking companies for Class-8 trucks – the heavy trucks that haul trailers across the country – collapsed by 81% in July compared to July last year to the smallest number of orders since 2010, deepening a trend that has gotten worse all year, it would only be a matter of time before truck manufacturers announce production cuts and ultimately layoffs.

These heavy-truck makers – Peterbilt and Kenworth, divisions of Paccar; Navistar International; Freightliner and Western Star, divisions of Daimler; and Mack Trucks and Volvo Trucks, divisions of Volvo Group – have been eating through their historic backlog, accumulated during the record year of 2018, and they’re still delivering these trucks at near record pace, but that backlog is thinning out, and we’ve been waiting for the inevitable announcements of production cuts.

So now it starts – not with production cuts for Class-8 trucks but with production cuts for Class-5, Class-6, and Class-7 medium-duty trucks.

Once A “Sure Bet,” Argentina’s 100 Year Bond Drops To 54¢ on the dollar

Bakkt Announces Sept. 23 Launch of Futures and Custody Platform in US

Bakkt has announced the coming launch of its much-anticipated platform for daily and monthly futures in the United States in a blog post on Aug. 16. Having received approval from the necessary regulators, the launch is scheduled for Sept. 23.  

Bakkt’s physically delivered futures have been the subject of a great deal of anticipation, with the company initially announcing its launch August 2018 before being subject to repeated delaysover compliance issues. Satisfying the Commodity Futures Trading Commission (CFTC) has proven particularly challenging. The company began testing in earnest on July 22, as Cointelegraph reported at the time. 

Per the announcement, Bakkt has hosted numerous events in New York and Chicago — cities critical to the U.S. futures market. They have also sat down with regulators from the CFTC as well as the Securities and Exchange Commission. 

Bakkt will be partnering with Intercontinental Exchange Futures U.S. and Intercontinental Exchange Clear U.S. to provide its futures contracts.

Institutional services and custody have been a growing 

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China’s Golden Corridor – Gold Reserves and Negative Yield

Just this past week, gold prices hit all-time highs in most major currencies.

The British Pound… the Canadian Dollar… the Australian Dollar… the Indian Rupee… the Japanese Yen… the Chinese Yuan… the South African Rand… and more.

It also broke above $1,500 in dollar terms. The highest it’s been in 6 years.

This shouldn’t come as a total surprise…a trade war between global economic powers, global debt spiraling out of control…

Iran and North Korea building up weapons…

The world is in uncharted waters.

Are the chickens going to come home to roost?

Today I’ll share a few of the major key themes that every investor needs to be aware of right now.

The Chinese Yuan is in Freefall

Given the recent onslaught of tweets from Donald Trump, you’d think the Chinese Yuan had just started falling.

Episode 115: How to Invest for Negative Interest Rates

Politicians Getting on the Legal Cannabis Bandwagon

I love capitalism.

It allowed a 16-year-old kid from England—who arrived in the U.S. with only $150 in his pockets and zero connections—to become a self-made multimillionaire.

American capitalism made that happen.

So you might be surprised that I’m writing today about an avowed socialist like Bernie Sanders.

Let me explain…

Last week on The Joe Rogan Experience podcast, Bernie said he’d legalize cannabis by executive order if elected president:

You can argue the plusses and minuses of marijuana, but marijuana ain’t heroin. So we have to end that, and that’s what I will do as President of the United States. I believe we can do that through executive order, and I will do that.

Now, if you’re paying attention to the Democratic candidates, you know Bernie is among the top tier. And if nominated, he could give President Trump a run for his money in the general election.

And while I’m no fan of Bernie’s politics or economics… I think he’s right on this issue.

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The 'Countdown' for Stocks Has Finally Started

We're getting cautious again...

The S&P 500 plunged nearly 3% again on Wednesday. The latest bout of selling followed new worries about the U.S. Treasury "yield curve."

As longtime readers know, we've been keeping an eye on the yield curve for nearly two years now. And the reason is simple... Whenever the yield curve has "inverted" – that is, whenever short-term interest rates have exceeded long-term rates – bear markets and recessions have usually followed.

In recent months, we've already seen some parts of the yield curve invert. However, the most widely followed measure – the difference (or "spread") between the yields on 10-year and two-year U.S. Treasury notes – had not yet done so.

Until Wednesday, that is...

That morning, the "2-10" spread fell to as low as -0.02% before recovering slightly...

Trump is dead-on about U.S.-China trade

Trump’s approach to U.S.-China trade has been a polarizing topic…

But he’s dead-on about using tariffs to communicate with China (as I explain in today’s opening rant).

That’s why it’s important to ignore the noise… and the selloff in the markets. In fact, I’ve been finding more opportunities recently than I have in the past two years. In today’s educational segment, I break down a few of my favorite ideas to buy on this pullback [1:01:46].

But first, I’m joined by David Keller, president and chief strategist of Sierra Alpha Research LLC [25:32]. David’s firm focuses on using technical analysis, behavioral finance, and data visualization to find great investments. Today he explains how you can use technical analysis to find opportunities.

EXPOSED: Another Currency Manipulator!

Currency manipulator!

Today we point an indignant and accusing finger at the latest currency manipulator.

Let all proper authorities take notice.

The accused is not China — incidentally.

But we cannot proceed without first noting another manipulated market…

The stock market presented a distressed scene this morning.

Plunging bond yields are the explanation widely on offer (falling yields reflect a poor economic outlook).

Yields on the 10-year Treasury slipped to 1.595% this morning — lowest since autumn 2016.

The Dow Jones was down 589 points before an invisible hand intervened, stabilized the bond market… and redirected the stock market.

The index nonetheless lost 22 points on the day.

Both S&P and Nasdaq gained on the day.

Ep. 491: The U.S. Economy Was Stronger Without Economic Advisors

U.S. and China Racing to Build Out 5G Networks

The United States and China are locked in a winner-take-all economic struggle.

And no, I’m not talking about the ongoing trade negotiations. It’s something else.

Whoever wins will be the economic powerhouse of the next decade. The stakes are that high.

Let me tell you what I mean…

Hostile Takeover

Last year, we almost saw a merger between technology firms Broadcom and Qualcomm. Had it gone through, it would have been the largest tech deal to date.

Broadcom had been pursuing Qualcomm since November 2017. It initially offered an unsolicited bid of $103 billion to acquire a controlling interest of Qualcomm.

Qualcomm resisted. So Broadcom took another route.

It initiated a hostile takeover of Qualcomm. That’s when an acquiring company attempts to bypass its target’s board and purchases a controlling interest in the company directly from shareholders. Very often, this means offering to buy shares at a premium.

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Why Have Global Semiconductor Sales Plunged & Gotten Stuck at These Levels for 5 Months Now?

Today’s scenario is very unlike the plunge during the Financial Crisis, which blew over in no time.

This is an edited transcript from my interview with “This Week in Money” by HoweStreet.com. You can listen to it here.

Semiconductor sales have plunged about 22% from the peak last October. That peak was the end of a long spike that started in 2017. When you look at the chart, you see the surge in semiconductor sales that lasted for a year and a half. And then it’s just a straight line down essentially, back to July 2017 levels. And semiconductor sales have been stuck at these levels now for five months. Compare that to the 39% plunge during the financial crisis.

During the financial crisis, semiconductor sales fell off a cliff within a few months, and then bounced off instantly. It’s a perfectly V-shaped recovery. And a few months later they were back up. So this was just a disturbance in financial confidence, when you think your bank might not be open tomorrow, you’re going cancel your orders and see what happens. And once people figured out that’s not what was going to happen, things sort of went back to normal in terms of semiconductor sales.

But this time around, there is no sign of a V-shaped recovery. This time around, it has been five months in a row at these low levels, after plunging this far and very suddenly. So it’s a very different scenario. This is not a confidence-type scenario. There are some real issues there.