A unique and safe way to buy gold and silver 2013 Passport To Freedom Residency Kit
Buy Gold & Silver With Bitcoins!

Friday, April 1, 2011

saveyourassetsfirst3

saveyourassetsfirst3


8 Terrific Stocks Trading Under $20

Posted: 01 Apr 2011 05:11 AM PDT

Investment Underground submits:

We screened for companies with reasonable amounts of debt on their balance sheets and have had significant revenue growth. Here is what we found:

Hecla Mining (HL) is the largest silver producer in the U.S., and has been mining for almost 120 years. Revenues grew by 34% in 2010 to a record of $419 million, after increasing by 62.23% in 2009. Gross margin also improved to 46.52% from 32.34%. The company has no debt on its books, and is the lowest-cost silver producer in North America. However, GAAP EPS did decline to $0.13 from $0.23.

In 2011, the Street expects non-GAAP EPS to be between $0.35 and $0.58. In 2010, non-GAAP EPS was $0.31. The next earnings release is on April 25, with analysts forecasting between $0.10 and $0.16. In comparison, Q1 2010 produced $0.07 for non-GAAP EPS.

In 2010, the company produced 10.6 million ounces of silver (-0.4%) alongside


Complete Story »

Inflation Scorecard: Yen Highlights Dull Week

Posted: 01 Apr 2011 04:59 AM PDT

Hard Assets Investor submits:

By Brad Zigler

Gold treaded ground this week against reserve currencies, with the notable exception of the yen. Bullion notched a new record Thursday at an average price of ¥118,551, bettering its previous high from March 2.

Gold rose 0.3 percent against the Swiss franc and 0.1 percent vs. sterling. Bullion lost 0.2 percent to the euro. For the year, gold has risen 1.4 percent against the greenback and 3 percent vs. the yen, but lost 2.5 percent to sterling and 5.2 percent to the euro.

For dollar-denominated assets:

  • Thursday morning's gold fix in London, at $1,431, was 0.7 percent higher for the week; fixes averaged $1,424, a dollar lower than the average Comex spot settlement; Thursday's spot value in New York rose 0.3 percent this week to $1,439; average daily volume shot up 58 percent to 243,923 contracts, while open interest slipped 7,303 contracts to 497,625.
  • Comex gold inventories

Complete Story »

Bond Markets: Taking Into Consideration Emerging Markets, Ratings and the Dollar

Posted: 01 Apr 2011 04:53 AM PDT

The Intermarket Edge submits:

The most recent recession and financial crash taught a few traders that the "AAA rating" is given more credit than it actually deserves. I recently watched a film called "the Inside Job" which touches briefly upon the fact that the large insurance agencies and banks did not actually have the collateral to back up the pension funds and their kin (who were given higher credit ratings because they were backed by these same insurance agencies). So if the large banks and insurance agencies could continue receiving premiums for insuring against a default they did not have the collateral for, why would the rating agencies still insist on giving them very high credit ratings? It was a flawed system. I believe there can be parallels drawn between this incidence and the way we are still rating bonds. The simple diagram below leaves out the involvement of hedge funds. Still I thought


Complete Story »

India Markets Friday Wrap Up: Dull Start to FY12

Posted: 01 Apr 2011 04:26 AM PDT

Equitymaster submits:

The Indian stock markets had a dull opening to the new fiscal (FY12) today. The benchmark indices were marginally in the red at the time of writing this. Today's selling was largely led by stocks from the banking and IT sectors. The overall market breadth was however positive, with the number of gainers outnumbering losers by a ratio of 3 to 1.

The BSE-Sensex closed with losses of around 25 points (0.1%), while the NSE-Nifty was down around 6 points (0.1%). Mid and smallcap stocks however bucked the trend, as the BSE Midcap and BSE Small cap indices closed with gains of around 1.6% and 2.2% respectively. The rupee was trading at 44.53 against the US dollar at the time of writing this.

Auto stocks closed today on a mixed note. While gains were seen in TVS Motor and Hero Honda, selling pressure marked trading in Tata Motors (TTM) and


Complete Story »

Gold as Legal Tender in Utah and Montana?

Posted: 01 Apr 2011 04:26 AM PDT


11 U.S. States to Adopt Canadian Dollar as Their Official Currency!

Posted: 01 Apr 2011 04:22 AM PDT

In a bid to streamline business and tourist transactions, eleven U.S. states are set to adopt the Canadian dollar as their official currency [effective, July 4th, 2011. Read on for more details.] Words: 556

StockResearchPortal.com Gold & Silver Survey Most Revealing

Posted: 01 Apr 2011 04:22 AM PDT

The latest quarterly survey of subscribers to StockResearchPortal.com - a site providing stock market data, analysis and research on over 1,600 mining and energy related companies listed on the Toronto and Venture stock exchanges - as to their expectations for the price of gold and silver over the course of 2011, the extent to which they currently owned physical gold and physical silver, and what their intentions were with respect to holding, buying more, or selling part or all of their holdings, has generated some very interesting and revealing data. Let me explain our findings in detail. Words: 733

Junior Gold Stocks 6

Posted: 01 Apr 2011 04:22 AM PDT


Where has Silver come ...

Posted: 01 Apr 2011 04:13 AM PDT


High Yields on Junk Bond Funds Still Attractive in Low-Yield Environment

Posted: 01 Apr 2011 03:45 AM PDT

Avi Morris submits:

I just had a meeting with a fund manager for a prominent group of high-yield (junk) bond funds and he was optimistic about the future, even with higher interest rates approaching. These funds yield 8+%; low by historical standards, but high in today's world of low interest rates. The yield spread over the 10-year Treasury bond is about 450 basis points, again low by historical standards.

Junk bond funds came through the financial meltdown in good shape because they primarily invest in corporate borrowings. That collapse was caused by investments in risky mortgages, not corporate debt. Defaults are a major expense for junk bond funds and default rates have been low. He said defaults are running at 1%. I think his numbers are too low. Bloomberg recently reported that defaults were running at 3%, the lowest level in years. Either way, defaults are very low.

Higher interest rates are coming,


Complete Story »

Global Inflation Spurs Canadian Oil and Gold Opportunities

Posted: 01 Apr 2011 03:41 AM PDT

The Intermarket Edge submits:

The global inflation scenario has most likely hit a critical point from which there is no return. The positions you take over the next few months may well make you prosper in what is turning into the greatest wealth transfer the modern world has ever known. Only a miracle at this stage can reverse the looming fiscal cancer that pushes the U.S. further into the danger of defaulting on portions of its debt:

Click to enlarge

This is one of the most important issues yet not in many headlines. How long can the inflationary implications of this debt be suppressed? I don't know, but it is a time bomb. From what I can gauge, the public is still blissfully unaware that the "inflation target" (1.5%- 2%) the Federal reserve had set a few months ago has already been surpassed (and quite rapidly as well). People unfortunate to still be reading


Complete Story »

Excess Liquidity, Cheap Money Run Rampant on Wall Street

Posted: 01 Apr 2011 03:38 AM PDT

Dian L. Chu submits:

If one studies markets trading during the week, one thing becomes glaringly obvious: There is too much cheap money sloshing around markets these days (see chart below). You no longer have healthy, two-sided markets in most asset classes.

This is not a good thing for true market-based price discovery, and ultimately leads to the creation of market bubbles. There are so many bubbles today that, once QE2 ends and the tightening cycle begins, investors are going to lose a lot of money.

[Click all to enlarge]


Complete Story »

Small Silver Lining to $100 Oil

Posted: 01 Apr 2011 03:21 AM PDT

Mark Sunshine submits:

Does anybody other than owners of crude oil reserves win when oil prices spike? Probably not, but at least some businesses lose less than others.

High oil prices tend to trigger a so-called "neighborhood effect" where selected manufacturing businesses that are located closer to their customers get a price advantage over competitors that are located far away. That is because local businesses have lower transportation costs than their out of town, or out of country, competitors.

It's location, location, location that drives the relative cost of shipping certain types of goods. A supplier's close location to his customers will result in low transportation costs. Heavy bulky items with low relative intellectual value per ton shipped tend to show the greatest transportation cost sensitivity and therefore have the biggest neighborhood effect.

On the other hand, light and small items with a high intellectual content aren't very sensitive to increased transportation costs.


Complete Story »

Official Winners of the “SilverGoldBull Miners Challenge”

Posted: 01 Apr 2011 03:15 AM PDT

That's right ladies and gent's, after all of these months it's finally time to announce the winners of the SilverGoldBull Miners Challenge. As is generally the case with these miners, it was a pretty wild "rollercoaster ride" for these companies over the past six months, but the spectacular gains achieved by the winning entries shows the incredible profit-potential of this companies.

Without further ado, let's get down to business:

1st prize:  Marcocruces (Great Panther Silver)

2nd prize:  Clint009 (South American Silver)

3rd prize:  Akiodis (First Majestic Silver)

What has made this contest an exciting affair for the particpants are the prizes which have been anted-up by our generous sponsor, SilverGoldBull.com:

1st prize:  (1) 1-oz gold coin

2nd prize:  (1) ½-oz gold coin

3rd prize:  (1) ¼-oz gold coin

Obtaining one of these prizes was not easy. Contest entrants were competing against dozens of other members who entered, and to get "in the money" required some spectacular results.

Third-place winner First Majestic Silver jumped over 191% during the contest period. Second-place winner South American Silver soared by an impressive 285%. Meanwhile grand prize-winner Great Panther Silver exploded by an amazing 333% during the six-month contest period.

Most mainstream investors would be happy to earn returns like this over a decade. The reason why we have been strongly advocating these companies to our members/readers is that we have been expecting such gains to materialize in this sector, and know there are even bigger-and-better things to come.

Those investors familiar with this sector understand that the "bull market" for gold and silver is closer to its beginning rather than its ending – thanks to the reckless money-printing of Western bankers, and the mass-insolvency which grips most Western economies. These mining companies (as an intrinsic part of their business model) provide natural leverage to the price of gold or silver, meaning that over the longer term these miners will always outperform bullion itself.

Jim Rogers : Don't sell your silver CNBC 31 March 2011

Posted: 01 Apr 2011 02:35 AM PDT

Just found out : Someone stole some Silver coins from me........ARRGGGGHHH !

Posted: 01 Apr 2011 01:59 AM PDT

Crapola ~ About 25-ozs in 90% is now gone...........:s10:

FYI : I'm setup as a dealer in an Antique Mall and just heard about the break-in to my cabinet which occurred yesterday late afternoon.

This really pisses me off because it's my main income stream to run a successful Antique booth. Sadly, I don't have insurance but I'm filing a report so I can write it off as a business loss. Folks, the economy is not only in the toilet but crime is shooting up just as in the G. Depression-I back in the 30's. BEWARE.....

:mad: :realmad: :mad:

Silver Shortages (Again!)

Posted: 01 Apr 2011 01:42 AM PDT

Nasdaq Bubble, Real-Estate Bubble… Silver Bubble?

Posted: 01 Apr 2011 01:38 AM PDT

Why the Next Move in Gold Could Be Big

Posted: 01 Apr 2011 01:34 AM PDT

The Daily Gold

Where has Silver come from and where is it going?

Posted: 01 Apr 2011 01:11 AM PDT

GFMS produced the report for the Silver Institute published last week. We have used this as a basis for this article on silver supply and demand in the last three years. Our objective in this piece is to have recent history confirm what we expect of the future for silver.

A simple, limited-time strategy could save wealthy Americans millions of dollars in taxes

Posted: 01 Apr 2011 01:03 AM PDT

By Terry Coxon, The Casey Report:

Terry Coxon, co-editor of The Casey Report, is president of Passport Financial, Inc., and for over 30 years has advised clients on legal ways to internationalize their assets to optimize tax, wealth protection and estate planning goals. Read here how you can take advantage of a U.S. tax act and save a lot of money in the process…

Just when you thought there was nothing more the U.S. government could do to motivate you to ship your financial life offshore, they came up with another one. And if you have a sizable net worth, it's a big one: you could save your family $2.2 million in taxes by acting on the opportunity during the next 21 months. A husband-and-wife effort could save twice as much.

Included in the 2010 Tax Act passed by Congress late last year are gift and estate tax rules that apply only in 2011 and 2012. Compared to the rules they replaced, and compared to the rules that will take effect in 2013, they are especially permissive. The tax savings come from exploiting those interim rules before they expire.

For this year and next, you are granted...

Read full article...

More on taxes:

Tax HORROR: The IRS is dramatically increasing audits

The IRS just issued a new ruling on this popular gold investment

One of the world's top low-tax, pro-business havens is slashing taxes again

A History of Rigged & Fraudulent Oil Prices (and What It Can Teach Us About Gold & Silver)

Posted: 31 Mar 2011 11:30 PM PDT

Smart Knowledge U

The Five-Million-Dollar Reason for Going Offshore

Posted: 31 Mar 2011 10:00 PM PDT


Gold through $1,500 by year end as key drivers remain in place - Walker

Posted: 31 Mar 2011 08:32 PM PDT

The following interview, posted over mineweb.com, was sent to me by Australian reader Nick Laird.  It's an interview with Gold Field Mineral Services CEO, Paul Walker...and I think his $1,500 price target is a little on the conservative side.  It's a longish read...and the link is here.

Central Fund of Canada Announces Proposed Offering

Posted: 31 Mar 2011 08:32 PM PDT

On March 29th the Central Fund announced an offering which closed on March 30th.  16,150,000 shares were purchased for net proceeds of $360 million.  A back-of-the-envelope calculation shows that this Central Fund offering translates into about 4.1 million ounces of silver...and approximately 132,000 ounces of gold.  The link to the CEF press release is here...and I thank Washington state reader S.A. for sharing it with us.

Record Silver Backwardation Spells Danger for US Dollar - James Turk

Posted: 31 Mar 2011 08:32 PM PDT

Here's a James Turk blog that was posted over at King World News yesterday evening.  James states that..."We're now at a record backwardation in silver in terms of length of time.  I think what we need to do is compare what is happening now to 2009 when silver was in backwardation the last time.  Over a period of just about two months silver rose 40% from approximately $10 to $14, and that rise in price eliminated the backwardation."

This blog is a must read...and the link is here.

Gross Echoes Buffett Saying Treasuries Have ‘Little Value’ on Debt, Dollar

Posted: 31 Mar 2011 08:32 PM PDT

President Barack Obama's government has increased the U.S. publicly traded debt to a record $9.05 trillion, leading Gross to compare the nation to Greece, which had its credit ratings cut two steps by Standard & Poor's on March 29th.  "We are out-Greeking the Greeks," he wrote.

I thank reader Scott Pluschau for this Bloomberg story...and the link is here.

No comments:

Post a Comment