What do you get when you “cross a Concorde with a rail gun and an air hockey table?”

I know… it sounds like the start of a bad joke. Except there’s no punch line.

Rather, the answer is one of the world’s coolest, most mind-blowing technologies. One with truly groundbreaking, revolutionary potential.

You see, this is how entrepreneur extraordinaire Elon Musk describes something called the “Hyperloop.”

And if you think globalization has made the world smaller, just wait till you see what this innovation could do for us…

Ladies and Gents… Fasten Your Seatbelts as We Enter the Hyperloop

Simply put, the Hyperloop is a futuristic form of travel, whereby passengers will be blasted to their destinations in ultra-high-speed pneumatic vacuum tubes.

Welcome to the “No Wind” Tunnel

Whether you’re in a car, train or plane, wind resistance is the bane of travel. The vehicle needs to push air out of the way to move forward. That takes energy. As speed increases, so does resistance and drag.

Solution? Suck out the air and create a vacuum, so you have no wind resistance. In fact, no inhibiting weather conditions at all.

Now apply that theory to transportation: Build huge vacuum tubes (either on, above or underneath the ground/water) and blast trains through them. As MIT mechanical engineering professor Ernst Frankel tells the BBC, “The advantage of a vacuum tube is that you can achieve very high speeds.”

His team proved it, too. They created a half-mile-long vacuum tube and blasted objects through it as fast as 580 mph — double the speed of a tube with air.

To maintain the conditions for transportation, Frankel says, you’d have “giant pumps keeping a near vacuum in the tube, probably 20-30 miles apart.”

That’s Part 1 of the Hyperloop. But you still have the problem of friction. Enter Part 2…

Vacuum + Magnets = Hyper Speed

Combine the vacuum tube with magnetic levitation technology (maglev) and you’d catapult from high speed to “hyperloop” speed.

Magnetic levitation basically uses the “like” poles on electromagnets to repel two forces. This allows an object to “float,” thus eliminating friction. This is how current maglev train systems in Japan and China work — by magnetizing the train and the area underneath it.

Without friction, the ride is smoother, quieter, and the object can travel much faster. The Chinese system, for example, reaches speeds around 250 mph.

This is the second part of the Hyperloop. Put trains inside vacuum tunnels and propel them using maglev technology and you could achieve ridiculously high speeds.

One company working on the concept is Colorado’s ET3. CEO Daryl Oster calls its technology — Evacuated Tube Transport (ETT) — “space travel on Earth.” ETT’s 400-pound, six-person capsules are capable of hitting 370 mph in-state and 4,000 mph on international travel.

Oster’s optimism doesn’t end there. He says ETT could be up and running for global travel within 10 years. And the price? Based on a 2003 study, he says a 350-mph system would cost $2 million per mile — significantly cheaper than high-speed rail systems and road networks.

It’s not exactly teleportation… but it’s pretty darn close.

We’re talking about traveling at speeds of up to 4,000 mph.

Yes… you read that right.

Boston to San Francisco in four minutes? Well, not quite.

But shooting from the East Coast to the West Coast in less than an hour will be doable…

Or imagine jetting from New York to London in an hour…

And visiting places like Tokyo and Sydney would no longer be epic, 18-hour marathon journeys. Just hop into the Hyperloop and you’d be there in time for dinner.

Our world will shrink dramatically.

Now, you might think this idea is pure science fiction. Reserved for Doctor Who,Star Trek and Ray Bradbury books.

So is it possible? Elon Musk thinks so. And he’s not alone…

He  told AllThingsD in May that his Hyperloop involvement is based on the proposed high-speed train system between Los Angeles and San Francisco… which he says is actually the slowest and most expensive “bullet train” system in the world.

But he was tight-lipped about more details. Fortunately, we won’t have to wait long…

Two weeks ago, Musk tweeted that he’ll “publish Hyperloop alpha design by Aug. 12.”

He’s promised to make it “open source,” as he “hates patents unless critical to company survival.”

And in keeping with his entrepreneurial spirit (Musk co-founded PayPal and is co-founder and CEO of electric car company Tesla Motors and private spaceflight company SpaceX), he wants partners who share his vision of “breakthrough tech done fast without wasting money on BS.”

Music to our ears! We’ll keep you posted on the progress of this exciting technology.

Ahead of the tape,

Louis Basenese

Ed. Note: Studies show that the tech sector has created more millionaires than just about any other corner of the market. So if you want a steady diet of the absolute best, investment-ready technology stocks for your portfolio, be sure to check out WSD Insider. You’ll get the names of all the stocks in the Technology Innovators & Disruptors Portfolio, plus gain exclusive access to all of Louis’ latest premium research for the next year. Become an Insider here today. 

Thank you for reading Tomorrow in Review. We greatly value your questions and comments. Click here to send us feedback:tomorrowinreview@agorafinancial.com

According to the index the construction of the world’s tallest buildings have always coincided with the great slumps and recessions that we have gone through in history.

According to the Barclays’ Skyscraper Index the construction of the world’s tallest buildings have always coincided with the great slumps and recessions that we have gone through in history.  The Chrysler Building completed in 1930) and the Empire State Building (completed in 1931) and the Great Depression all happened at the same time. The Burj Khalifa inDubai, United Arab Emirates was started in 2004 and finished construction in 2009 just in time for the global financial crisis to have really set in. The Petronas Tower in Indonesia was directly in line with the Asian crisis.

….read more HERE

I keep hearing that whenever “stocks are rising” it’s a good thing.

I completely disagree. If a market move is warranted by earnings and fundamentals, then yes, a sharp move higher is great. But if the market is rallying based on false hopes, or even worse, is in a bubble, then it’s actually very bad for stocks to move higher because it means the ensuing collapse will be even more violent (a la 2000 and 2008).

With that in mind, this market has essentially moved up almost non-stop since December 2012. This entire move has occurred against worsening economic fundamentals.

While the cheerleaders on TV applaud this move, it’s important to consider the “big picture” for the economy and market as a whole. Here’s the big picture:

1)   Earnings, the primary driver or prices, are falling. If you exclude financials earnings for the last quarter, earnings are down2.9% year over year.

2)   Economic activity, the other driver of stock prices, has fallen too, leaving stocks diverging sharply to the upside.

3)   The “smart” money is fleeing the market en masse (institutions, wealthy private investors, etc.).

4)   The problems in Europe have not gone away. They’ve been shuffled under the carpet until Germany’s elections. But Spain, Portugal, and even Italy are rapidly descending into financial chaos and insolvency.

5)   Japan massive experiment with monetary policy is proving to be a disaster with industrial production falling while costs of living are rising. Japan is skirting on the verge of financial collapse.

6)   China is experiencing a hard landing, if not economic crash. If you look at their electricity consumption their GDP growth is barely 2.9%. Yet the entire world continues to believe the People’s Republic will produce 7% growth ad infinitum. Good luck with that.

Folks, there is no other way to put this… the markets are in a massive bubble. And when it bursts, things will get ugly very FAST. With that in mind, I’ve already urged my Private Wealth Advisory clients to start prepping.

Yours in Profits,

Graham Summers

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Graham Summers

In our last editorial we presented the bulletproof evidence that the gold stocks had put in a major bottom. We included a historical chart that was supplemented by a major reversal at a Fibonacci strong target and on record weekly volume. At the end of that piece we noted that the sector could correct before it would accelerate to the upside. Looking at historical rallies from major bottoms we noticed that there tends to be a consolidation or correction around the 50-day moving average. The sector is two weeks into that correction. Don’t worry bulls, this is exactly what happens following the initial rebound.

The chart below shows the progression of gold stock recoveries in comparable periods (1970, 1976, 2000, 2008 and 2013). The current recovery is in black. Note that each recovery didn’t truly accelerate until after the middle of August. (That is using the current time scale). Thus, don’t be impatient. It could be a few more weeks before the sector begins its next leg higher.

While it may take a few weeks for the next impulsive advance to begin, that doesn’t mean one should wait to participate. Gold stocks have declined for six consecutive days and are nearing what should be strong support at GDX $25. Take a look at the chart below.

As far as Gold, its correction began when it reached $1350, which was formerly support. Gold is facing some trendline resistance as well as lateral resistance at $1350. If and when it breaks $1350 it will have very little resistance on the way to $1500. Gold should continue to consolidate for several more weeks. The big move will occur after it breaks $1350.

In our last piece we concluded:

Those who missed the initial pop could use the correction or consolidation to capitalize on the next and much larger leg higher. The bottom line is if we do see a correction or consolidation, don’t let it frighten you or cause you to question the major bottom. History argues that it is an excellent buying opportunity.

To conclude, the gold stocks are two weeks into their correction. These corrections or consolidations typically last four weeks. The gold stocks have declined six days in a row and are very close to what should be strong support at GDX $25. We could see a bounce over the next few days followed by a brief consolidation. For those who missed the initial rebound, now could be a great time to initiate or add to positions. If you’d be interested in our analysis on the companies poised to lead the next bull market, we invite you to learn more about our service.

Good Luck!

Jordan Roy-Byrne, CMT

Jordan@TheDailyGold.com