Archive for June, 2010

Passionate attachment to Israel

Filed in gld, Gold Spot Market by on June 30, 2010 0 Comments

Is there any criminal act that Israel can do without being protected from criticism from the United States? If there is I haven’t seen it. And I haven’t seen it from the Bush Administration or from the Clinton Administration or from any administration before them. But when you consider the influence of Israel’s lobby and its political action committees and the more than $41 million they’ve given to Congress and the White House, is it any wonder Israel is shielded from any shame? WRH permalink

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6-30-10 The Small Cap Market Update from Express IR

Filed in Debt, Gold Prices by on June 30, 2010 0 Comments

Well it looks like the federal government has entered the first week of its high school home economics course. Congressional Budget Office Chief Douglas Elmendorf, told president’s bipartisan fiscal commission that if you spend four times more money than you make, you go broke. Under his best guesstimate Elmendorf briefed that the debt held by

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Gold Prices Mark Best Quarter Since 2007, Silver Follows – Coin News

Filed in African Gold, Bank Gold, Gold, silver by on June 30, 2010 0 Comments

In black gold, crude oil fell further behind as it registered a 9.7 percent quarterly loss for its first decline since the fourth quarter of 2008. U.S. stocks posted double-digit percent losses during the second quarter. New York precious metals figures follow: …. Spot gold bullion fell by $3.30 to the $1237.50 level on the bid side. The rest of the complex showed declines across the board, with the exception of silver which added $0.07 to rise to $18.58 mark the ounce. …

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The Alex Jones Show – June 30th With Chuck Baldwin

Filed in gld, Gold, ubs by on June 30, 2010 0 Comments
The Alex Jones Show – June 30th With Chuck Baldwin

Alex talks with Dan Dicks of Press for Truth, an alternative media operation in Toronto, Canada. Dan will talk about the G20 and the arrest of Charlie Veitch of The Love Police who was abducted before he could get on a plane and fly back to England. Veitch was arrested for a second time by Canadian authorities for “impersonating a police officer” on a bogus charge designed purely to cover for the fact that Veitch’s original arrest on June 24 for refusing to show ID at the was based on a law that didn’t exist and one that Toronto’s Chief of Police lied about to media outlets before the G20 summit. Former presidential candidate Chuck Baldwin runs down the FEC attack against Campaign for Liberty. Watch the Windows Media Player or MPEG-4 video presentation and access the high quality MP3 by logging in at Prison Planet.tv and clicking on the “LIVE” page. MEDIUM QUALITY FREE MP3 FILE: http://rss.nfowars.net/20100630_Wed_Alex.mp3 Not a prison planet.tv member? Consider the great benefits of subscribing – click here .

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Climate Craziness of the Week: The AGU peddles a mammoth climate change theory

Filed in Bank Gold, Gold, Gold Spot Market by on June 30, 2010 0 Comments
Climate Craziness of the Week: The AGU peddles a mammoth climate change theory

Yes, our forebears started global warming by hunting the woolly mammoth. Right. Must be the mammoth albedo effect, much like the sheep albedo effect. Oh, wait, no it’s birch trees albedo calculated via pollen proxy. The mammoths stopped eating birch … Continue reading →

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Waxman Malarkey 3: Impact Zone Alaska

Filed in gld, Gold by on June 30, 2010 0 Comments
Waxman Malarkey 3: Impact Zone Alaska

Guest Post by Willis Eschenbach Once again, I return to that endless font of misinformation, the Waxman Markey website. In this case, I look at their claims about Alaska. This one will be short and sweet. Their claim is that … Continue reading →

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Market Wrap-Up for June 30 (GIS, K, MON, CL, MMM, GS, JPM, more)

Market Wrap-Up for June 30 (GIS, K, MON, CL, MMM, GS, JPM, more)

Today was the last day of the second quarter and the bulls were trying to push for some last minute gains, but a last-hour sell-off pushed us to close off nearly triple digits on the DOW. We are already beginning to see a bit of the lighter-volume holiday trading taking hold of the action. We are still a couple of weeks away from the steady stream of earnings results that will be coming across. It will be interesting to hear how companies will respond to the business environment. If the profits continue to be good, will companies start hiring or will the “do more with less” mentality remain the new way of business today. College graduates and those who are unemployed can attest to the tough environment when searching for a new job. Work ethic will become a key asset to possess if one is looking to impress, but that also applies to all areas of business as well. As a service, we understand that we need to continue to monitor every piece of data and forecast out as best we can. If we get lax, our subscribers will fail to re-subscribe or even recommend us to friends and family. We feel good about how we are maneuvering through the volatility, but will not rest on our laurels. Looking at today’s tape, General Mills ( GIS ) was lower following the company’s lukewarm guidance. This news is dragging down shares of Kellogg ( K ) as well. Monsanto ( MON ) was also lower following the company’s earnings release. Some names that managed to buck the losses and finish higher included Colgate-Palmolive ( CL ) and 3M ( MMM ) . Lastly, financials such as Goldman Sachs ( GS ) and J.P Morgan ( JPM ) continued their recent downtrend with both closing at their day’s lows. We will continue to keep our subscribers alerted to any changes we are looking to make on our recommended list. Just a quick note, Friday could be an interesting day as we get the June unemployment numbers being reported. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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RED ALERT: U.S. Stocks Set to IMPLODE! | Martin D. Weiss' Blog

Filed in African Gold, Bank Gold, Gold, silver by on June 30, 2010 0 Comments

Buy Gold and silver bullion , ETF’s (Canadian best), gold stocks , both large and junior (but they may go down with the market collapse for a while), short stocks and especially real estate stocks . Short term interest rates will go down, …

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Janus Flexible (JAFIX): A ‘Sterling’ Track Record

Filed in Bank Gold, morningstar, recession by on June 30, 2010 0 Comments

Filed under: Newsletters , Mutual Funds , Recession , Financial Crisis Janus Flexible Bond ( JAFIX ) is a so-called multi-sector bond fund whose consistently good year-to-year performance has resulted in a sterling long-term record,” says fund expert Mark Salzinger . The editor of the No-Load Fund Investor explains, “For all of 2008 and 2009, Flexible Bond produced a cumulative total return of 18.9%, vs. only 6.9% for the multi-sector funds tracked by Morningstar. Over the past five years, Flexible Income’s annualized return of 6.6% places it among the top 7% of all the fixed-income funds we cover. “Over the past two years, the fund was the 10th best performer of every fund we track. In 2008, when most funds with significant holdings of corporate bonds produced major losses, Flexible Bond produced a gain of 5.6%. Continue reading Janus Flexible (JAFIX): A ‘Sterling’ Track Record Janus Flexible (JAFIX): A ‘Sterling’ Track Record originally appeared on BloggingStocks on Wed, 30 Jun 2010 14:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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How to Invest in China’s Future Today

Filed in commodities, copper, earnings, economy, Gold, lead, silver, ubs, US Dollar by on June 30, 2010 0 Comments

Gary Gibson: Chris, you were just over in China along with Addison Wiggin looking for investment opportunities. Could you tell us what you found? Chris Mayer: Sure. As soon as we landed, we visited a giant Carrefour, which is a big French retailer in Beijing. There, we got a chance to see the Chinese middle class in action. There store was kind of like a Wal-Mart. It was packed with people. There were 50-something checkout lines, four or five deep with customers, and this was on a Sunday afternoon. People were wearing jeans and sneakers. There were all the brands from all over the world on the shelves. There were 20 different kinds of toothpaste and just about everything you can imagine. That sort of set the tone for the trip because we saw that sort of bustling consumer business scene everywhere we went. For example, there’s lots of KFCs there and you see them everywhere. In fact, KFC is the largest and fastest growing food chain in China now. They have almost 3,000 of them there. You see Pizza Huts all over the place, McDonald’s, of course and Starbucks. It was very interesting. I was in Beijing last in 2005 and even in just that 5-year time span, it’s changed a lot. It’s grown up quite a bit. It’s a fascinating thing to see. I think most Americans would be very surprised to walk the streets of Beijing. In fact, one of the people I was traveling with, who is a very well read and well traveled guy, thought that he would find a city he could compare to Managua or Mumbai. Instead, he said, “This is a city that compares to New York or Chicago.” So I think that sort of captures some of what we saw when we were there. Gary: You describe something that doesn’t sound at all like a communist economy to me, what with all that consumer choice. I was going to ask you differences between 2005 and now, what you would have expected and what you actually found this time. So I guess the Chinese really are wealthier. This is not like it was in America where a lot of our wealth in the past I’d say 50 years has been because of expanding credit. They save. They are industrious. Some of their industry may be based on Western credit, but I would like to ask you about the growing wealth; if it’s actual wealth, real savings, and how dependent it is on our economy, which is one of, right now, deflating credit being available? Chris: Well, certainly, like you say, the Chinese save a lot of money. That’s one of the things that really stands out when you look at some of the numbers. I think that the story of China up until now has been that it’s mainly been an export driven economy where they basically exist to service the US consumer. I think we’re at a kind of inflection point where the story starts to change and more and more, the economy of China, and not only China, but of Asia generally, are gonna be more focused on servicing a growing Asian middle class. CLSA, which is known as Asian investing specialists, put out a report called The Future of Asia is Domestic. They had the number of Asians with disposable income of $3,000.00 annually – $3,000.00 or more, and this excludes Japan – will rise from 570 million to 945 million people by 2015, …

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What Anna Chapman Told Me about the Markets

What Anna Chapman Told Me about the Markets

I was hanging out in a Georgetown bar, talking trash and trading lies, when I was approached by a beautiful Russian spy… Anna Chapman, Russian Spy She sat down and said, “Secrets, tell me secrets… I have to know.” So, like any red-blooded American male, I sold my knowledge cheap. “Anna, you can’t tell anybody,” I said. “But you are barking up the wrong tree.” “What do you mean?” She asked, sipping her iced tea and flipping her hair back. “You shouldn’t be in Washington. Or New York. The strings of the world are pulled from the penthouse on the Jersey side.” Advertisement Uranium is Old News The future of the nuclear industry is beryllium. One company has just pioneered a new nuclear fuel additive – called beryllium oxide – that can prevent Chernobyl-like disasters… while saving billions in fuel costs. Nuclear fuel suppliers like Westinghouse are already lining up… And soon, no reactor will be fired up without this new fuel. The full report – including why the company behind it could triple in price – is available here. “Is Goldman in this?” asked Anna. “Yes,” I said. “It’s Goldman.” “How do you know? Where do you get your information?” “They feed you lies within lies, misinformation about deception. But you cannot lie to a chart.” Observe yesterday’s action: As you know, the market had to close above 1140 on the S&P 500 or we would be in a free-fall to 680. The chart above shows a clear head-and-shoulder pattern. Thomas Bulkowski in his classic book Chart Patterns has quantified this pattern as having a 93% success rate throughout history. But no one wants another sell off. And so yesterday closed at 1,041.24. “So, how can this happen? This is America, no?” she asked. I imagine the conversation from the Federal Reserve Chairman to the CEO of Goldman Sachs going something like… “This is Ben Bernanke here, get me Blankfein.” “Yes, Ben. What can I do for you?” “Lloyd. Good to hear from you. How’s the family?” “Nice Ben. Thanks for asking. We bought Sandy a new diamond-encrusted yacht for her seventh birthday.” “That’s great, Lloyd. But look, we have some serious issues here. The market wants to sell off and we just can’t have that. You know I’ve been feeding you 0.25% interest rates and letting you clean up on the carry trade… And according to SEC documents you have total assets of $841 billion, quarterly revenue growth of 35.50%… Not to mention year-over-year earnings growth of an amazing 90.50% and a P/E of just 5.” “ Letting me, Henry?” scoffs Lloyd as he lights his Cohiba, reclines in his chair, and admires the amber reflection of Lady Liberty in his 21-year-old single malt. “Yes, Lloyd, yes. We all know who is in charge. But if you could do me a little favor today… It would be nice if you could hit your rally button just before the market closes.” “Rally today? Not sure if it’s good for me. My masseuse is coming in later.” “Come on, Lloyd. All you have to do is start buying at 3:50. Look, tell your boys …

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Iamgold (NYSE:IAG), Barrick (NYSE:ABX), Newmont (NYSE:NEM) Price Targets Increased by UBS AG (NYSE:UBS)

In a nod to mining companies in general, and gold miners in particular, UBS AG (NYSE:UBS) increased their price targets on a number of miners today, including Iamgold (NYSE:IAG), Barrick Gold (NYSE:ABX), Newmont Mining (NYSE:NEM).They lifted their target on Barrick from $53.50 to $57.50, and on Iamgold from $21.50 to $23.00.Other miners having their price targets increased were Eldorado Gold (

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