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

Friday, November 9, 2012

Gold World News Flash

Gold World News Flash

’87 Market Crash & Stocks Today, Apple, Gold, Silver & the VIX

Posted: 09 Nov 2012 03:58 PM PST

With mounting concerns over the down-move in global stock markets, today Tom Fitzpatrick spoke with King World News about the 1987 stock market crash and we may be facing in stocks today. Fitzpatrick, a top Citi analyst, is expecting a frightening plunge in global stock markets. He also covers gold, silver, Apple, the VIX, and has some amazing charts to go along with his commentary.


This posting includes an audio/video/photo media file: Download Now

Gold Seeker Closing Report: Gold and Silver Gain Almost 1% and 2%

Posted: 08 Nov 2012 10:00 PM PST

Gold edged up to $1721.04 in Asia before it fell back to $1712.59 at about 9:30AM EST, but it then rallied back higher for most of the rest of trade and ended near its late session high of $1734.85 with a gain of 0.84%. Silver slipped to $31.62 in London, but it then rose to as high as $32.412 in New York and ended with a gain of 1.76%.


Gold to Regain Status… in January?

Posted: 08 Nov 2012 09:45 PM PST

from KitcoNews:

Silver holding the line against a rising dollar as Apple stock gets cut off at the knees

Posted: 08 Nov 2012 09:30 PM PST

TFMR Podcast #32 – Kerry Lutz & Turd

Posted: 08 Nov 2012 09:20 PM PST

from FinancialSurvivalNetwork.com:

Earlier this morning, I had an opportunity to speak with Kerry Lutz. With everything that has transpired over the past few days, I thought we all could benefit from Kerry's unique wisdom.

In this podcast, we discuss QE∞, the U.S. election and the simple steps everyone should be taking now to prepare for a tumultuous future. We also discuss Kerry's new book, "Forget Wall Street. Go For The Gold!", which will be released next month.

I think you'll enjoy this brief, yet informative, conversation.

CLICK HERE FOR AUDIO INTERVIEW


This posting includes an audio/video/photo media file: Download Now

Commodity Technical Analysis: Gold Structural and Measured Resistance into 1750

Posted: 08 Nov 2012 09:13 PM PST

courtesy of DailyFX.com November 08, 2012 06:16 PM Daily Bars Chart Prepared by Jamie Saettele, CMT Commodity Observations: Gold extended gains just above structural resistance and is nearing resistance from measured levels at 1740, 1749, and 1762. The latter level is where the rally from the low would consist of 2 equal legs.1780 can’t be ruled out either. Commodity Trading Strategy Implications: I’m on the lookout for a wave 2 or B top below the October high. LEVELS: 1685 1703 1712 1749 1762 1780...


Imminent Monetary System Collapse – Sheik Imran Hosein

Posted: 08 Nov 2012 08:30 PM PST

[Ed. Note: This is a very interesting interview. At 6:45 please note the following "Maybe silver has a more important role to play, at this time in monetary history, than gold ... Yes, we are on the verge of the collapse of the monetary system now that the election is over."]

from 108morris108:

Quantative Easing cannot work – it is all hocus pocus. There is no way under the sun that the US$ can survive – its done, finished. The paper and plastic money is a carefully constructed vehicle for the enslavement of the masses. Without the support of the scholars of Islam there is little hope of establishing a Usury free economy. The money we are using is bogus.

Picture Perfect Plan

Posted: 08 Nov 2012 08:00 PM PST

For those who [COLOR=#3d85c6][B][FONT=Arial]understand better visually then through the written word, here is a visual synopsis and plan of action in pictures. This is followed by some written suggestions, for those so inclined.[/FONT][/B][/COLOR] Here is the "fiscal cliff" looming ahead for the the US, Euroland and Japan due to massive debts. This is what will happen when their financial boats get smashed from a whale of debt. This is your scorecard if you regularly buy the dips of 7-15% in gold and silver. This is the result of accumulating gold over time. ...


WHY NOT HAVE BLACK FRIDAY IN JULY?

Posted: 08 Nov 2012 07:46 PM PST

How desperate are retailers becoming? Wal-Mart now puts out their Halloween candy before Labor Day. They put up Christmas displays before Halloween. Now they are starting Black Friday during Thanksgiving dinner. Who needs to give thanks with family and friends for the blessings bestowed upon ourselves? There are bargains to be had and credit card debt to be accumulated. There are mile long lines to be manned, waiting for another iPiece of Shit. Now we can have Thanksgiving dinner at 10:00 am so we can start lining up at 2:00 pm for the 8:00 pm opening. Then we can stampede and knock over some other materialistic dipshits so we can grab that piece of Chinese crap.

This pathetic display of disgusting materialism is just another brick in the wall. It embarasses me to be living in this era of elephantine greed and having to partake in this cultural collapse.

   

Big holiday bargains debut earlier as stores tempt

By Andria Cheng, MarketWatch

NEW YORK (MarketWatch) — Retailers from Wal-Mart Stores Inc. to Limited Brands Inc.'s (NYSE:LTD) Victoria's Secret are unveiling Black Friday deals earlier than ever or using such attention-getters as teen heartthrob Justin Bieber to lure more holiday shoppers.

Wal-Mart (NYSE:WMT) , the world's largest retailer, said on Thursday that it will open its big Black Friday promotions in toys, games and apparel at 8 p.m. on Thanksgiving Day, two hours earlier than last year. The retailer cited customer demand as the reason for pushing up the sales times.

Wal-Mart's closely watched electronics deals will also be available earlier, at 10 p.m. instead of midnight, featuring promotions such as a 60-inch Vizio LED TV for $688, a $310 savings.

Wal-Mart also said that for the first time it will guarantee pricing and availability before Christmas on three electronics items — the Apple iPad2 16GB with Wi-Fi for $399 that includes a $75 Walmart gift card, the Emerson 32-inch 720p LCD TV for $148 and the LG Blu-ray Player for $38 — for all shoppers who are in line between 10 p.m. and 11 p.m. even if the store sells out of its stock.

Reuters

A model presents a creation during the Victoria's Secret Fashion Show in New York Wednesday.

"Wal-Mart is positioned well for the holidays," analyst Joe Feldman of Telsey Advisory Group told MarketWatch. "We like the company's approach."

Sears Holdings Corp. (NASDAQ:SHLD)   will open its namesake chain at 8 p.m. on Thanksgiving, ahead of its normal opening on Black Friday.

Holiday-season sales are crucial for retailers across the board since they represent the industry's biggest quarter in terms of both sales and profit. With Hurricane Sandy pounding the mid-Atlantic and Northeast region and hurting sales in the first week of November, it also remains a question whether chains such as Macy's Inc. (NYSE:M)   and Kohl's Corp. (NYSE:KSS) that had to shut stores could fully make up their lost sales.

Meanwhile, concerns about the U.S. going over the so-called fiscal cliff also may overshadow holiday demand closer to Christmas, analysts have said. See: High-end hit hard in post-election worry.

Kohl's stock fell 5.1% Thursday and was the biggest decliner in the S&P Retail Index after the midprice-department-store chain gave a disappointing fourth-quarter outlook. It said increased free shipping offers will hurt profit. The quarter is expected to represent more than two-fifths of its per-share profit this year, the company said.

Macy's also said on Wednesday that free online delivery offers will hurt its gross margin. J.C. Penney Co. (NYSE:JCP) , which reports earnings on Friday, dropped 4.9%.

Following the footsteps of Macy's and Nordstrom Inc., Kohl's also said it's testing whether it can fulfill and ship online orders directly from its stores and expects the initiative to be "very beneficial" come next holiday. For Macy's and Nordstrom, that option is part of their online strategy this holiday season, analysts said.

Wal-Mart Moves Up Thanksgiving Sale

Wal-Mart fired an early shot in the holiday-buying wars, saying it will move up the start of its holiday-specials season to 8 p.m. on Thanksgiving Day. Andria Cheng has details on The News Hub. Photo: AP.

"The beauty of the whole thing is you have incremental inventory without taking the incremental inventory risk," which leads to profit-eroding discounts, said J.P. Morgan analyst Matthew Boss in an interview. "It helps you turn your inventory risk."

Getting the online piece right is crucial for retailers as more spending shifts to that channel, especially with the popularity of mobile devices. Forrester on Thursday said it expects U.S. online sales this holiday season to jump 15% to $68.4 billion with the average U.S. shopper spending an estimated $419 online, a 12% boost from last year.

Macy's, which on Wednesday reported a third-quarter comparable sales gain of 3.7%, noted 2.2 percentage points of that increase came from online sales, which shot up 40%.

Retailers also are trying to preempt and combat the phenomenon of shoppers using their smartphones to comparison shop and use stores as so-called showrooms. Best Buy Co. (NYSE:BBY) and Target Corp. (NYSE:TGT) , for instance, said they will match prices with select online retailers this holiday season. Toys "R" Us, which unveiled a hot-toy reservation feature this holiday, requires that reservation be made in person in stores.

The Politicians We Have Chosen Reflect Who We Are As A Nation

Posted: 08 Nov 2012 07:40 PM PST

from The Economic Collapse Blog:

The American people have spoken. It is estimated that approximately 6 billion dollars was spent on political campaigns in 2012, and we ended up exactly in the same place that we were before. Barack Obama is still in the White House, the Democrats still have solid control of the U.S. Senate and the Republicans still have solid control of the U.S. House of Representatives. Clearly, the American people want more of the same, and that is really bad news. The path that we have been on will only lead to unprecedented disaster, and now it is abundantly clear that there is not going to be any solutions to our problems on the national level. Not that things would be that much different if we reversed things and gave Republicans control of the White House and the Senate and we gave Democrats control of the U.S. House of Representatives. Over the past several decades, nothing has really seemed to get any better no matter what faces we have sent to Washington. But this time there is really a feeling of "finality" to things. The American people have made their choices, and those choices are going to have consequences. There is no turning back now. The politicians that we have chosen reflect who we are as a nation. It is not just our leaders that have turned their backs on the U.S. Constitution and on the principles that this country was founded upon – the truth is that the majority of the American people have rejected them. We have willingly chosen our destiny, and there are no more excuses.

Read More @ TheEconomicCollpaseBlog.com

How Apple Became Japan

Posted: 08 Nov 2012 07:26 PM PST

Originally published on Slope of Hope:

Back in the late 1980s, the entire business world was obsessed with Japan. It's no wonder that this was the case: here was a country which had emerged from the ashes of World War 2 and had become the world's second-largest economy. They made high-quality cars, consumer electronics, semiconductors, plus they seemed to have a management style and work ethic that put the "good old USA" to shame.

As might be expected, a flood of books came out to instruct the business people of America how to best ape their Japanese betters. This fixation reached a fever pitch when American companies started hauling in their workers in the morning to do calisthenics, because if that's what the Japanese are doing, well by gum, that must be the secret: calisthenics. In the morning.

Japan's newfound wealth sent their stock market soaring, and these riches within the country compelled the corporations to go on a buying spree. I remember to this day the horror that Americans felt when the iconic Empire State Building was added to the Japanese portfolio. The same was true for Pebble Beach golf course. And the fact that the land around the Japanese Imperial Palace was purportedly worth more than all the real estate in California was uttered so many times as to become tiresome.

This all reached a crescendo with the publication of The Japan That Can Say No, a pro-Japanese, anti-US book that asserted, among other things:

+ Japan must use its technological superiority as a negotiating weapon, and it should
1108-japansayno even threaten to trade secrets with the Soviet Union as a bargaining tool against the US and refuse to sell components that go into US missiles.

+ The quality of American goods is low because the level of the workers is low, while the superior education of Japanese workers is a big advantage.

+ The Japanese character is innately superior to the character of Americans.

+ Americans believe that the Caucasian race is superior since the modern era is dominated by the western world, and this prejudice will hurt them in the end.

+ Former American colonies are rife with problems, while former Japanese colonies are thriving.

+ America's dropping of the atomic bomb on Japan and not Germany in World War II arose from racism because Germans are white people and Japanese are not. (Though at the time of the German defeat in April 1945, the atomic bomb was as yet incomplete and untested until July 16, 1945, so that may have been a factor)

+ The trade surplus with the U.S. is caused by the lack of desirable products made in the U.S.

Of course, we all know what happened next. The arrow marks the point that the above book was published, and the Nikkei is now in its third decade of writhing around in an inescapable bear market. Stocks are off 80% from their peak (and this was from the 1980s, remember!) and Japan, in spite of still making plenty of manufactured goods, is a country drowning in debt. Japan's financial situation actually makes the US look responsible and prudent.

1108-Nikkei

So what does this have to do with Apple? Oh, come on; do you really need to ask? Let's walk it through:

Apple had its own "World War 2" in the mid-1990s. It was hanging on to a miniscule share of the personal computer market; it was losing money at a furious pace; it made products that were, at best, mediocre; it was perceived as the maker of overpriced, overhyped, fringe products mostly used by hippie-dippie creative types. The company was privately shopping around for a buyer out of fear they might go bankrupt.

From 1997 to 2012 - - slowly at first, but then with increasing speed and surety - - Apple became perhaps the greatest corporate turnaround story of business history. The stock climbed thousands of percent; the company changed from a very minor personal computer maker to the largest consumer electronics firm in the world; and Apple itself was the single most valuable corporation on Earth. There was serious talk of Apple becoming the world's first trillion-dollar organization.

Now Apple has always been a proud company, almost to the point of arrogance, and the more successful they got, the more self-entitled they became. But, for me, the breaking point was the August 24th verdict that awarded Apple $1 billion from Samsung. The stock spiked higher the next day, and the price peaked just a few weeks later on September 21, 2012. I submit that this will be the lifetime high for Apple, at least until we've colonized Mars.

1108-bullyThe reason the billion-dollar verdict made such an impression on me was that - - well - - it just seemed so dick. Apple was squeezing a supplier on some patent issue. You know as well as I do that whatever tangential "violation" may have taken place didn't do a damn thing to dent Apple's sales. I've been involved in patent disputes before, and 99% of them are about extortion, not actual intellectual property theft. Maybe one out of 10,000 patent cases actually involves some nefarious and ill-meaning party trying to get away with the blatant theft of someone else's hard work, but the other 9,999 are unmitigated crap.

So it simply struck me that Apple was bullying another big corporation for a billion bucks, mainly because they could. And the Silicon Valley jury was somehow sympathetic to their favorite son, and they gave them what they wanted (they actually wanted $2.5 billion, but, hey, let's all be reasonable, right?) So, with this final step, Apple completed the journey from scrappy, full-of-heart hero (1997) to corporate dickhead (right now).

The bloom is off the rose in a number of ways. First of all, the bizarre cultish habit of camping out for days in front of an Apple store before a new product is introduced is now completely passe. The "mini-pad" that just came out was received with a relative yawn. Second, nearly $170 billion in shareholder wealth has been nuked in the span of just a few weeks. And third, how do you think a plummeting stock price and increasingly gigantic pool of worthless options is going to inspire the folks in Cupertino, who over the past decade have basically expected to be made rich as a divine birthright?

As I so often do any time I write about Apple, I want to be clear that I have been a loyal consumer and fan of the company for longer than probably 99% of the people reading this post. I became a Steve Jobs disciple in 1982, bought the original Macintosh in June 1984, bought the first iPhone on its intro day, the first iPad on its intro day, and was a bright-eyed, bushy-tailed employee at Corporate HQ at the age of twenty. So I'm far from an Apple basher.

But the company has become a bully, and this has set them on a new path. It doesn't mean that they're going to be the next RIMM. Instead, I think Apple's future is more along the lines of Cisco's: a formerly-great company that was once the most valuable corporation on the planet which, after it peaked, settled into existence as a very rich, very bloated, lumbering giant that just sort of ambles through the years, issuing regular dividends to shareholders, and really not doing anything particularly worth noticing.

It's a shame, but all of this is to be expected. After all, no one expected Apple to be "Apple" for the next 300 years, did they? Innovation and momentum wax and wane from company to company; motivations change; leadership emerges in different places; simply stated, Apple has unwittingly passed the future's torch to someone else. No one - certainly not Apple - knows who it'll be, but Apple, like Japan, marked its peak with a loudly-proclaimed assertion of certitude about its own superiority and entitlement. The ancients told us that pride comes before the fall, and it is as true today as it was thousands of years ago.

As for the stock price, I suspect it'll resemble the Nikkei chart found way above, although perhaps not as dramatically. I imagine AAPL will be in the low 400s next year and will meander around relatively trendlessly for years to come. Its multi-thousand percent gain will be a part of financial history, just like similar gains enjoyed many years ago by RIMM, CSCO, and YHOO.

New Gold” for the Next Phase

Posted: 08 Nov 2012 07:16 PM PST

By The Hard Assets Alliance Team

Gold is back.

Last September, after drifting around $1,600 an ounce for eleven straight months , gold rose above its 200-day moving average and into an official uptrend. Today, that trend is still intact and the next phase of the gold bull market is underway.

The question now is whether this is a fleeting summer fling – or the start of the next phase in our sector?

We think this is just the beginning for gold and silver. We may see some consolidation or even a pullback due to potential seasonal weakness, or some "price fatigue" after such a big advance, but our bullishness has little to do with seasonality or short-term price surges.

Here's what supports our outlook:

Source: Hoisington Investment Management Company

This data has rendered us numb to incomprehensibly large numbers – yet US debt and liabilities continue to grow unabated. In Q2 2012 alone, for every $1 added to GDP, we added more than $2 in debt. This is a fundamental reason we remain convinced the US can't grow its way out of its financial hole.

Historical precedent also supports our conviction. Since 1800, a study of 26 countries with debt overhangs that lasted five or more years showed that the subsequent drag on the economy – below average or negative growth – lasted 23 years on average. A "debt overhang" is defined as a period where public debt-to-GDP exceeds 90% – the US is way beyond that. There simply won't be sufficient revenue generated for the debt and promises to be paid in anything near the purchasing power of today's US dollar.

Uncle Sam's Magic Elixir

The upshot is an unsustainable, and rising, federal debt level made worse by the Federal Reserve, which continues to expand its balance sheet and blow more air into the bond bubble. Last month's announcement of open-ended QE3 – QEternity – is the government's response to this obscene blunder.

And it's not just the US; the Fed's announcement followed European Central Bank (ECB) President Mario Draghi's disclosure that he would buy unlimited quantities of European sovereign debt. Not to be outdone, Japan's central bank then declared it will expand its current purchase program by around 10 trillion yen ($126 billion) to 80 trillion yen.

This runaway debt and money printing shows no sign of slowing, let alone ending. We therefore remain very bullish on our sector. The consensus opinion at Hard Assets Alliance is that there will be major consequences for currencies, the precious metals market, and us personally.

Here's what we believe awaits us in the next phase…

Higher inflation is virtually ensured. There is no magical way to escape it now, nor any politically acceptable way to avoid it. Amidst the competing forces of inflation and deflation, inflation is encouraged until it wins, as any deflation episode inspires further money printing. As the fallout gathers steam, paper money will lose purchasing power faster and faster.

Gold and silver prices are headed much higher. Expect corrections along the way, of course, but politicians are pursuing fiscal and monetary actions that remain highly supportive of the precious metals market. In our view, the odds of this ending in a mania have ratcheted up.

Physical metal is about protection more than profit. Buying bullion is less about making money and more about preserving your standard of living. Think of gold as lifestyle insurance. Gold and silver won't solve every future problem, but you're going to need them.

Holding a meaningful cache of bullion is imperative and now, there's a simple and secure way for investors to do just that, through the Hard Assets Alliance.

Our Hard Assets Alliance Action Kit gives you an in-depth look at the many options in buying, selling, and storing precious metals plus answer any questions you may have about the Hard Assets Alliance. Get your FREE Action Kit today.

The Gold Price is Up Heading for $1,800 Buy Silver and Gold Now

Posted: 08 Nov 2012 06:16 PM PST

Gold Price Close Today : 1725.40
Change : 12.20 or 0.71%

Silver Price Close Today : 31.810
Change : 0.580 or 1.86%

Gold Silver Ratio Today : 54.241
Change : -0.617 or -1.12%

Silver Gold Ratio Today : 0.01844
Change : 0.000207 or 1.14%

Platinum Price Close Today : 1538.50
Change : 3.00 or 0.20%

Palladium Price Close Today : 613.55
Change : 4.00 or 0.66%

S&P 500 : 1,377.51
Change : -17.02 or -1.22%

Dow In GOLD$ : $153.49
Change : $ -2.54 or -1.63%

Dow in GOLD oz : 7.425
Change : -0.123 or -1.63%

Dow in SILVER oz : 402.75
Change : -11.37 or -2.74%

Dow Industrial : 12,811.32
Change : -121.41 or -0.94%

US Dollar Index : 80.82
Change : 0.013 or 0.02%

Today the aftermarket is especially vigorous, the GOLD PRICE up $9 from the Comex close (now $1,734.67) and silver up 64 cents (3242c).

I've been rode hard and put away wet today, cause everybody in the world wanted to buy gold and silver. Hence I'll make this brief and won't be coy.

It creates a sort of illusion of solidity to quote daily metals closes from Comex because silver and gold trade 24 hours round the clock and the world.

On Comex the SILVER PRICE gained 58 cents to 3131c while gold burst through the 20 DMA and lateral resistance ($1,725) to close at $1,725.40. But it never stopped, as I said, and solidified that upside breakout in the aftermarket.

The GOLD PRICE closed today above its 20 DMA ($1,720.34) and reached out its hand for the 50 DMA ($1,740.29). Chart shows a clear reversal. Next resistance after $1,740 is $1,800, which gold will this time crack like a wrecking ball hitting a mobile home.

The SILVER PRICE, too, by day's end was trading above its 20 dma (3220c) and, having penetrated the downtrend line, has set its sights on 3550c. Can forty dollar silver be far away?

I repeat yesterday's urging: buy silver and gold now. Don't toy with this rally, because it's liable to slap you by running away. Only thing that would contradict that is a silver close below 3150c or gold below $1,720.

Today stocks and precious metals soundly confirmed yesterday's moves, stocks their breakdown, silver and gold their breakout toward the stars. You now have two day confirmation, and that's quite unlikely to lie.

US Dollar Index barely rose, but touched 81 again and ended up 1.3 basis points at 80.82. Hanging on ABOVE the 200 day moving average (80.65). That's bullish, yet silver and gold are rising like a junkyard magnet is pulling them upward. They have broken free and decoupled from the scrofulous dollar.

Euro sank another 0.24% to $1.2748 while the yen is raging upwards, up another 0.65% today to 125.90 cents per 100 yen. Closed above its 20 (125.80) and 200 (125.80, [sic]) day moving averages.

Stocks confirmed and re-affirmed their anti-Obama vote by dropping again today sharply. Dow lost 121.41 (0.94%) to 12,811.32 while the S&P500 lost even more, 17.02 (1.22%) go 1,377.51. Don't discount a possible dead-man surge still, that is, an illusory short rally back to 13,250, but stocks have thrown their dice and they came up snake eyes. Much more downside will follow.

Yesterday's tentative breakdown in Stocks in Gold accelerated today. Headed for Dow two ounces.

From 9:00 to 10:00 p.m. Eastern time on Friday, 9 November I'll be on the Christian Farm and Homestead Radio Show to talk about my new book, At Home In Dogwood Mudhole. You can listen here: http://bit.ly/TwgYiz Or, if you'd rather download the MP3 file later, you can find that right here: http://bit.ly/WI7RmW

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
10:00am-5:00pm CST, Monday-Friday

© 2012, The Moneychanger. May not be republished in any form, including electronically, without our express permission.

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.

Gold Resource Corporation Settles Concentrate Dispute; to Restate First and Second Quarter Financial Statements

Posted: 08 Nov 2012 05:04 PM PST

Gold Resource Corporation ( NYSE MKT : GORO ) (the "Company") today announced it has reached a settlement in the dispute with its concentrate buyer. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico. The Company has returned over $63 million to shareholders in monthly dividends since declaring commercial production July 1, 2010 and may be the first company offering shareholders the option to convert their cash dividends into physical gold or silver.


Guest Post: What To Do When You've Hit Your Breaking Point

Posted: 08 Nov 2012 03:49 PM PST

Submitted by Simon Black of Sovereign Man blog,

At some point or another, anyone who is even remotely paying attention to reality will likely reach two critical moments of awakening in their lives.

The first is what I call the "Aha! moment". This is the point at which people realize that there is something terribly, terribly wrong with the system… and that almost everything they've been brought up to believe about their government and society is total BS.

The 'Aha! moment' is usually brought about by something you learn or read… for example, finding out that your national government is deeply, hopelessly in debt. Or that it is mathematically impossible for you to receive the pension benefits you've been promised. Or that your currency is being printed into degeneracy by a single individual.

My own 'Aha! moment' came in early 2003. I was an intelligence officer sitting on the Iraqi border waiting for George W. Bush to order coalition forces north. But first he had to convince the rest of the world of his righteousness.

At the time, officials from the Bush administration were pushing hard to make their case for war. But the information they were presenting just didn't add up. My colleagues and I used to look at each other and ask, "seriously, what WMDs are these people talking about?"

We already knew about chemical munitions. Duh. It was the Americans that had equipped Saddam with those to begin with. But nukes? Total pipe dream. I knew it was BS. And watching the President go on television saying, 'we know he has nukes' destroyed everything I had ever believed about government. That was my 'Aha! moment'.

Typically when people hit their Aha! moments, the next days and weeks are filled with more learning, more reading. Like tugging at a string on a tattered garment, it just keeps unraveling.

The more you read, the more it arouses your curiosity, and the more you read… often jumping to other topics. Freedom. Privacy. Central Banking. Debt. Capital controls. etc.

You soon become so well-informed that you start feeling isolated, surrounded by other people who are still asleep. When you talk to your friends and family, most of them don't want to hear about your ideas. They think you're nuts. They haven't had their 'Aha! moment' yet.

Eventually, you learn to keep it all inside. But then, at some point down the road, the second critical moment occurs– the Breaking Point.

The Breaking Point is event driven rather than knowledge driven. It could be from watching your wife or kids get radiated or sexually assaulted by government agents at the airport. Or writing a huge tax check to your government. Or having your bank account frozen by your tax authorities. Or… seeing a man you despise win a national election.

A Breaking Point constitutes the spark which propels people to finally take necessary action… to make them realize "I have to do something."

My own philosophy is that international diversification should be a major part of any individual solution. When your own country and government are in terminal decline, it makes all the sense in the world to diversify abroad. This is something that the ultra-wealthy have been doing for centuries… but in the digital age, the same opportunities are available to everyone.

For example, why hold your savings in a bankrupt financial institution in your home country when you can open a foreign account in a safe, well capitalized bank overseas? If you have a business, why not use foreign structures to maximize your asset protection and legal tax savings?

Why risk confiscation of gold and silver in your home country when you can store precious metals safely and securely overseas? If you're concerned about the direction of your home country and currency, why not diversify abroad with high quality real estate?

Overseas email accounts. Second passports. International medical insurance. Foreign trusts. Tax advantageous foreign life insurance policies. Foreign bank and brokerage accounts.  International investment, business, employment, and lifestyle opportunities.

It's a big world out there. And while some countries are in serious decline, others are trending higher by the day. Almost every aspect of our lives can now be diversified abroad, and these countries are literally competing for your business.

It's the way things should be… and the right way to structure a rational solution based on factual analysis.

Gold Daily and Silver Weekly Charts - Rally Day for the Precious Metals

Posted: 08 Nov 2012 02:23 PM PST


This posting includes an audio/video/photo media file: Download Now

Gold Chart and Comments

Posted: 08 Nov 2012 02:16 PM PST

[url]http://www.traderdannorcini.blogspot.com/[/url] [url]http://www.fortwealth.com/[/url] Gold continues to stage an impressive recovery off of the spike low which looks more and more like it was a bear trap. Trying to read these markets, both in front of and now coming off of a major election, has been difficult due to the severity of the price movements but it does appear that the buying down below $1700 was of sufficient size and scope that it has forced many a bearish trader to reconsider their bet. Reports continue to come in of strong physical market offtake which limits downside price action and results in enough valued-based buying to absorb speculative selling from either stale longs or fresh shorting. The market has now pushed into a zone (near $1740) where it is garnering additional selling pressure. However, if the bulls can eat through those offers and push it out past $1750, they stand a very good and very real chance of taking it first to $1780 and then on to major ov...


Spot The Odd Market Out Since The Election

Posted: 08 Nov 2012 02:13 PM PST

Market watchers are stunned, stunned we tell you, that we didn't bounce today after yesterday's 1-year record plunge in stocks. Whether AAPL led the market or the market led AAPL is irrelevant, there is one clear fact, everyone and their pet rabbit Clive is looking to reduce exposure to that anchor-like alpha-destroyer. Gold once again outperformed every other asset class today as it has seemingly reaffirmed since the election that "buying gold is just buying a put against the idiocy of the political cycle." S&P 500 futures plunged into the close to end on their lows (-60 points from yesterday's highs); AAPL closed at its lows (-3.7% on the day - through its 55-week average); financials dropped further; Treasury yields plunged (30Y -16bps on the week); while the USD generally tracked sideways to higher; high-yield credit closed at its lowest price in over two months (don't tell Tom Lee). VIX compressed modestly (and steepened) as we suspect election hedges are lifted (and also AAPL overlays discarded).

Gold is soaring as Treasury yields, Oil, and Stocks plunge...(and the USD treads water limping higher)

 

with AAPL down

 

and where does the S&P 500 stand...

 

Where to from here? S&P still ~90 points rich to Bonds...

120 points rich to Goldman's year-end target...

and 200 points rich to a much broader basket of risk-assets calibrated earlier in the year...

 

Meanwhile, European stocks are now outperforming US stocks...

 

as a reminder - P/E valuation changes during QE2 and LTRO/Twist compared to the current move are almost perfect mirrors... will we follow 2011? or 2012?

 

Charts: Bloomberg and Capital Context

Bonus Chart: GRPN Group-Off! -12% after-hours on sales-staff cuts and reduced outlook...oops...

 

amd here's NFLX - trading between $76 and $80 since Icahn's move... we suspect more than a few lined up under that...

Updating the HUI-SPX Ratio

Posted: 08 Nov 2012 01:33 PM PST

There were reasons for the mind numbing gold stock correction out of the hysterical events of the 2011 Euro-led meltdown and its aftermath. Take your pick ... Read More...



US Dollar Technical Update...So Far, So Good

Posted: 08 Nov 2012 01:14 PM PST

No surprise, Barrack Obama handily won the US election, which means that with silly season over, they voted the same rascals back into the White House instead of a different batch of rascals. In the end, Mickey Mouse or the Pope could ... Read More...



Analyst Scott Power Finds the Upside in Biotech Down Under

Posted: 08 Nov 2012 01:11 PM PST

The Life Sciences Report: Scott, do you get a fair amount of attention from institutional investors in North America and Europe? Where are the most interested investors outside of Australia? Scott Power: Most of our investment interest presently comes out of Australia, New Zealand and, to a smaller extent, Asia. We don't get a huge amount of interest in the Australian life science sector from either Europe or the U.S. That's been the case over the last couple of years, and is probably a function of the high Australian dollar. If we rewind five or six years, there was quite a bit of interest out of the U.S. My contention is that a number of good-quality life science companies either have products in market or are about to have products approved that are very much U.S.-focused, and will increasingly attract attention from U.S. investors. The timing of our conversation today is excellent because some very good opportunities are emerging in Australia. The sophistication of the Australia...


Are You a High-Stakes Speculator?

Posted: 08 Nov 2012 01:11 PM PST

I attended this year's New Orleans Investment Conference along with Doug Casey, Marin Katusa, and Casey Research's CEO, Olivier Garret. It was fun to see many old friends among the attendees and other speakers, but the most interesting thing was an experiment I conducted as part of my speech.

You see, there had been a talk earlier in the conference on picking "ten-baggers" (stocks that go up 1,000%). Now, there's nothing wrong with shooting for ten times your investment in a highly volatile stock. It's neither a crazy nor a hyped-up claim – we've had many ten-baggers in our portfolios, including Silver Wheaton (SLW) and First Majestic (AG). But it's not easy, and many of the nano-cap stocks that offer that sort of potential do the opposite and drop 90% – if not all the way to zero.

So I asked the audience to raise their hands if they wanted ten-baggers in their portfolios. About three-fourths of the audience put their hands up. I didn't take time to count the hands, but it was a lot of people – several hundred.

I then explained the realities involved:

  1. Big, stable, safe companies – almost by definition – do not offer ten-bagger potential.
     
  2. Nobody can tell you in advance which tiny, high-risk play is going to be the next ten-bagger. The best one can do is identify a "basket" of stocks with ten-bagger potential, and hope the ones that work out more than cover the losses on the ones that don't.
     
  3. The people who make money using this strategy understand that they will lose money on most of their stocks. Let me repeat that: to go for ten-baggers, you must accept that more of your stocks will lose money than will make you money.
     
  4. The math is simple: you can lose 100% of your money on a high-risk stock, but you can only lose 100% – while there is no maximum gain.

So, yes, ten-baggers are possible. Some highly-volatile junior stocks go 50 to 100 to one. (GoldQuest Mining, V.GQC, is a recent example of a 50-bagger.) So, the strategy for pursuing ten-baggers is to buy ten exceptionally high-volatility stocks, write off the three that go to zero, shrug off the three that drop 30% or 50%, accept the three that gain 30% to 50%, and laugh all the way to the bank when the one long shot goes up 1,000% and more than makes the rest worthwhile.

But if you do this, you must realize that until the ten-bagger makes its discovery, transition, or whatever it's going to do to shoot through the roof, it's going to look like any of the other mediocre or losing positions. (Only in this context can 30% to 50% gains be considered mediocre – and we do, here at Casey Research.)

In other words, you have to have nerves of steel to do this, or you'll panic and sell all your "idiotic penny stocks" and wonder what lapse of sanity ever prompted you to buy them. We've seen this again and again.

I have to wonder how sick to the stomach those who sold GoldQuest at four cents a couple months ago must have felt when they saw the stock shoot up to over $2 on a fantastic new gold discovery in the Dominican Republic.

After explaining these things to the audience and stressing again that the only way to reliably go after ten-baggers is to accept that one will have more losses than wins (and the wins will more than make up for the losses), I asked for another show of hands.

I kid you not: about three people raised their hands.

This confirms something I had long thought, but for which I had not previously had empirical evidence: most people don't have what it takes to be high-stakes speculators. Fair enough – if an investing strategy does not suit one's temperament, one should not try it.

But fortune does favor the bold.

Fear not; I would never try to twist anyone's arm to buy high-risk stocks. I only pursue this strategy with a small number of alert-service subscribers who understand the math and have the temperament to go with it. That service is on a waiting list at present , because seats are strictly limited.

So now you know; the high-stakes table is not for everyone – and that's okay. There are different ways to invest, and every investor should carefully assess his or her temperament – and especially tolerance for risk – before settling on his or her investment strategy.

I hope you will all do this important introspection and determine the right strategies to pursue in the volatile and – we're convinced – highly profitable times ahead.

Cost of Presidential Campaigns Show Big Problems for the U.S. Dollar

Posted: 08 Nov 2012 12:54 PM PST

There has been much discussion recently about the growing cost of running to be President of the United States. The Presidency has been described as the ultimate recession proof commodity. Others might tell you it’s just the price to climb aboard and loot the good ship America. Whatever is true, the dollar cost of getting into the Oval Office has been rising at a stunning pace, and this is no new phenomenon. Interestingly though, the cost in gold ounces of running for office has not been rising nearly so fast.


Gold Living Up to Safe Haven Reputation

Posted: 08 Nov 2012 12:33 PM PST

SPOT MARKET gold prices hovered just below $1720 an ounce Thursday morning in London – 2.4% up on last week's close – while stocks recovered some ground following losses yesterday, and the Dollar ticked higher, as central banks in the UK and Europe left monetary policy unchanged. Silver prices hovered close to $32 an ounce – 3.4% up on the week so far – while other commodities edged higher. US Treasury bond prices gained while those for UK and German government debt fell.


U.S. Dollar Technical Analysis and Trend Forecast 2013

Posted: 08 Nov 2012 12:28 PM PST

No surprise, Barrack Obama handily one the US election, which means that with silly season over, they voted the same rascals back into the White House instead of a different batch of rascals. In the end, Mickey Mouse or the Pope could have been stuck into power in the US, the fate of the currency was baked in the cake a long time ago and we are simply following the cycle path. Today's update will provide some clarity regarding the US Dollar Index, as the developing pattern is somewhat recognizable (Refer to Figure 7).


Cost of Presidential Campaigns Show Big Problems for the Dollar

Posted: 08 Nov 2012 11:48 AM PST

There has been much discussion recently about the growing cost of running to be President of the United States. The Presidency has been described as the ultimate recession proof commodity. Others might tell you it's just the price to ... Read More...



Huge Moves Coming In Gold, Silver, US Dollar & The Euro

Posted: 08 Nov 2012 11:47 AM PST

On the heels of a $15 move in gold and 50 cents in silver, today King World News spoke with Marc Chandler, global head of strategy for Brown Brothers Harriman, which does over $600 billion each month in currency transactions. KWN wanted to get his take on where the US dollar and euro are headed from current levels because this directly impacts the gold and silver markets. Important implications for gold and silver are included here.


This posting includes an audio/video/photo media file: Download Now

SIGNS, SIGNS, EVERYWHERE SIGNS

Posted: 08 Nov 2012 11:31 AM PST

I consider Kohls and McDonalds to be two of the better run retail companies in America. I'm a frequent shopper at Kohls. Yesterday the Fed reported that credit card debt declined for the 3rd time in four months. Consumers are either tapped out or scared shitless. Today, these two well run companies reported results that prove we are in a recession. McDonalds has not had a negative sales month since 2003. When Americans get to the point where they reduce $5 happy meal purchases, you know they've run out of gas. The info from Kohls was spun as usual by the MSM. They beat expectations. Bullshit. When you look at the real numbers, they reveal a retailer with big trouble on the horizon. Here is a link to their quarterly report and my key takeaways:

http://finance.yahoo.com/news/kohls-corporation-reports-third-quarter-120000278.html

  • They reported a 14% increase in EPS, which sounds really strong. It's amazing what you can do when you BORROW $300 million to buy back your stock. Their actual profit increased by 1.8% – slightly less than 14%. They plan to buy back another $300 million of stock as we enter a recession and their stock is near 52 week highs – absolutely brilliant.
  • Their gross margins are declining. Their comparable store sales for the first nine months are -0.5%. Traffic is even worse, since inflation has been running above 3%. Their YTD profit is down $102 million, or 14%.  The way they achieved their slight third quarter profit increase was reducing SG&A expenses. That means they cut staff and shifted employees from full-time to part-time.
  • Their YTD operating cashflow has plunged by $393 million, or a 36% decline.
  • The ticking time bomb sits on their balance sheet. Every good retailer attempts to keep their inventory growth in line with their sales growth. Their sales growth is flat at best. Their inventory has grown by $688 million over last year – a phenomenal 17% increase. This is a disaster waiting to happen. As sales decline in the 4th quarter, Kohls will be forced to slash the prices on this inventory and their margins will crash.

The hubris of retail CEOs in borrowing to buyback stock while sales fall and inventory builds is mind boggling to observe. I'll be getting some real nice 80% off bargains in January and the CEO of this company will be announcing store closing plans.

Nov. 8, 2012, 7:26 a.m. EST

Kohl's profit up 2%, narrows 2012 profit view

NEW YORK (MarketWatch) — Kohl's Corp. (NYSE:KSS) said Thursday its third-quarter profit increased to $215 million, or 91 cents a share, from $211 million, or 80 cents a share, in the year-ago quarter. Average shares outstanding fell to 233 million from 264 million. The Menomonee Falls, Wis., retailer's sales increased to $4.49 billion from $4.38 billion. Wall Street analysts expected Kohl's to earn 87 cents a share on sales of $4.49 billion, according to a survey by FactSet. Including $300 million in share repurchases, Kohl's expects fourth-quarter profit of $2 to $2.08 a share, compared to the analyst estimate of $2.16 a share. Kohl's narrowed its 2012 earnings estimate to a range of $4.52 to $4.60 a share, from its earlier estimate of $4.50 to $4.65 a share. Analysts are looking for earnings of $4.62 a share.

 
 

McDonald's same-store sales off more than expected

By Melodie Warner

McDonald's Corp.'s (NYSE:MCD) global same-store sales fell a bigger-than-expected 1.8% in October as the world's largest fast-food chain struggles to combat slowing consumer demand amid ongoing economic uncertainty.

Analysts were expecting a 1.07% decline in global sales at restaurants that have been open at least 13 months, according to Consensus Metrix.

"Though October's sales results reflect the pervasive challenges of today's global marketplace, I am confident that our strategies and the adjustments we are making in response to the current business headwinds will build sales momentum and drive sustained, profitable growth," said President and Chief Executive Don Thompson.

McDonald's has been able to boost guest traffic and sales faster than most of its competitors with its expanding global operations and increasingly diverse menu, such as higher-margin products like blended-ice drinks. But austerity measures in Europe have contributed to slower global same-store sales growth in recent months.

Meanwhile, Burger King Worldwide Inc. (BKW) and Wendy's Co. (WEN) are revamping their menus and updating their marketing campaigns, hoping to better compete with the fast-food giant.

McDonald's said October systemwide sales fell 0.8%, or rose 0.6% in constant currencies.

Same-store sales in the U.S. fell 2.2%, missing the analysts' estimate of a 1.05% decline. The company said modest consumer demand and heightened competitive activity offset the benefits from its local Dollar Menu advertising, the Monopoly promotion, and the recent launch of Cheddar Bacon Onion premium sandwiches.

In Europe, same-store sales declined 2.2%–below the analysts' forecast for a 0.69% decrease–as positive results in the U.K. were offset by declines across many markets. McDonald's said it intends to reinvigorate its value offerings in Europe through increased advertising and new meal combinations at various price tiers.

The Asia/Pacific, Middle East and Africa region posted a 2.4% decrease, topping the analysts' projection for a 3.01% drop. The decrease reflects negative results in Japan, Australia and other markets, including China.

McDonald's reported last month its third-quarter earnings fell 3.5% as currency fluctuations dented revenue and same-store sales grew slower than expected.

John Hathaway: Gold Set to Super-Surge to New All-Time Highs

Posted: 08 Nov 2012 11:30 AM PST

"It was a bit of a strange day price wise...but underneath it all was volume so monstrous that it took my breath away." ...


Commie Gold!

Posted: 08 Nov 2012 11:29 AM PST

November 8, 2012 [LIST] [*]Chinese leaders begin their supersecret People's Congress: What it means for Treasuries, the dollar and gold... [*]"Clearly something is wrong..." Jonas Elmerraji picks apart yesterday's huge sell-off... [*]A boon to Big Tobacco? The reefer referenda in Colorado and Washington... and ways to play it... [*]Catching Alzheimer's decades before symptoms appear: Cox on the breakthrough announcement that could stop the disease in its tracks... [*]Victory in the "War on The 5" (but for whom?)... welcoming a future 5 reader into the world... a few nitpicky corrections... and more! [/LIST] The city is on lockdown. Street vendors are closed. Taxi drivers have been ordered to seal their windows to prevent seditious material from being leafletted in the main square. Known troublemakers? Locked up... just in case. Another G8 or NATO summit in the West? Heh. No, it's the once-every-decade gathering of the Chinese Communist P...


at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)