Tag: clients

Commodity Roundup – Markets on your Radar

Filed in commodities, copper, currencies, Debt, economy, euro, Gold, o, outperform, silver, ubs by on January 8, 2011 0 Comments
Commodity Roundup – Markets on your Radar

MB Wealth Corp. is not responsible and does not endorse anything outside of the content of this article authored by Matthew Bradbard President of MB Wealth. As most followers recognize, I break the commodity markets into seven sectors: financials which include the indices and debt markets, energies, currencies, livestock, metals, grains and finally the softs. So let’s examine sector by sector what should be on your radar as we conclude one trading year and a fresh year of opportunity is upon us. Financials While the first part of the year brought uncertainty and perhaps too much pessimism after a bottom formed in the summer indices have appreciated lifting the Dow and S&P approximately 25%. From here, we think prices have gotten ahead of themselves and expect a 5% depreciation from their current levels. Aggressive clients have started to purchase March ES bear put spreads . Reflecting back on the year, Treasuries have had an inverse relationship to the indices enjoying trade higher in the first half of the year reaching an interim top in the summer and falling off since. The greatest loss has been in Q4, as yields have increased and 30-yr bonds and 10-yr notes have lost considerably. We expect to see a bounce into the new year and have advised aggressive clients to buy dips in 30-yr bonds, 10-yr notes or to position themselves in NOB spreads with their directional bias in the direction of bonds. Energies There has been a powerful force lifting prices higher in crude oil and the distillates virtually all year and we see no reason for that to change. Continue to use price retracements as buying opportunities as we see $110/115 in Crude by mid 2011. Assuming we are correct with this assumption, both heating oil and RBOB would likely be 20-25% higher as well. Natural gas remains a dog unable to make any significant headway all year. There have been fits and starts but the range bound action for the last six months has been discouraging and lost my clients money on several attempts. From here we may opt to scale into long…

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A Bailout for Credit Unions

Filed in New Gold, South African Gold, Spot Gold by on September 27, 2010 0 Comments
A Bailout for Credit Unions

Filed under: Deals , Industry , Money and Finance Today , Financial Crisis In a complex set of arrangements, the federal government has stepped in to stabilize the credit union industry, as reported by the Wall Street Journal . The bailout involves wholesale credit unions. They invest money for retail credit unions and provide them with check-clearing services. During the housing bubble , these wholesale credit unions invested in subprime mortgages, and guess what? They lost a bundle of money for their clients, who are retail credit unions. Continue reading A Bailout for Credit Unions A Bailout for Credit Unions originally appeared on BloggingStocks on Mon, 27 Sep 2010 11:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Cash hogs and pork cutout both expected to be lower again today.

Filed in Gold, silver by on August 27, 2010 0 Comments

LEAN HOGS Good morning. I’m running way late today, thus, this comment will be brief. Cash hogs are expected to be under pressure today. Lean hog futures broke down yesterday and I’m expecting additional selling pressure today. The close below 7600 in the Oct confirms that a seasonal top is in place. The pork cutout dropped hard yesterday and the value of the pork carcass has lost $3.00 in two days. Repeating, I’m expecting additional selling pressure in lean hog futures today. LIVE CATTLE Live cattle closed in two-sided fashion yesterday with selling evident in the Aug and Oct while the deferred contracts closed higher. April futures nearly posted a fresh contract high. The board is generally lower early today with selling perhaps tied to the economic uncertainty and perhaps tied to ideas that wholesale beef will top out in the near term. We purchased some call options yesterday when futures were lower. We’ve effectively adding to our length at a very attractive basis without exposing my clients to undue risk. Economic calamity is the only thing that can derail the cattle market at this time, in my opinion. If you’re a speculator trading livestock and looking for additional help give me a call or send me an email. dennis.smith@archerfinancials.com 877.377.7905

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Paul’s Thoughts on What to Do if You are Coming into Money

Filed in dividend, Gold Investing, Gold Investment, lead by on August 23, 2010 0 Comments

There are several scenarios where people can land some immediate big dollars: an inheritance, lawsuit settlement, or a lottery/gambling windfall, to name a few. Unfortunately, handing someone a large sum of money can often lead to a series of poor financial decisions. When coming into money, the most important thing to have in place is a team of trusted individuals that can help guide you through the process. A private practice accountant is a good option to consider, but you may also be comfortable with a less formal route through a large agency (such as H&R Block, for example). You should also meet with a certified financial planner to discuss your investing options, so you can begin to allocate your newly-found money to start working for you. Fee-only financial planners make a lot of sense, since they are compensated only by fees their clients pay and not by commissions/other incentives. This setup ensures your planner won’t simply steer you towards financial products they receive kickbacks on. The National Association of Personal Financial Advisors, or NAPFA.org , is a good resource. FINRA.org (the Financial Industry Regulatory Authority website) has an area where you can check a broker’s background, and is a good place to go to for piece of mind. It also may make sense for you to work with an estate-planning attorney as well. This will help organize your financial legacy later on. Regardless of who you use, be sure that the funds are always placed in an independent financial institution such as a bank or brokerage. You should also be receiving the statements directly from that institution. Following the recent Bernie Madoff debacle, it’s become more important than ever to have complete transparency as to where your money is going. I can’t emphasize enough that you want to avoid splurging on too many “toys” and instead get the money to start working for you. As you know, my first recommendation is considering high quality dividend-paying stocks, which you can always find on our industry-leading Best Dividend Stocks List .

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Cop who tased 86-year old woman: “I deployed my department issued Taser (208930) using cartridge number T08-2070595…”

Filed in Bank Gold, gld, Gold by on July 6, 2010 0 Comments

“It seems to me using some sort of high voltage on an 86-year-old woman seems inappropriate,” said attorney Brian Dell, after filing the Complaint June 21 in Oklahoma City on behalf of his clients, Lona Varner and her grandson, Lonnie Tinsley, 47. “The whole purpose of this lawsuit is they used the force on an elderly woman.”

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How Peter Schiff is Investing in Gold

In a recent interview, Peter Schiff revealed how he has been investing in gold, along with some tips on what to avoid. First of all, through his brokerage firm Euro Pacific Capital, he has been investing in physical gold for himself and his clients and storing it in Australia. Concerning physical gold, Schiff recommends staying away from collectible gold like you see advertised on television a

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JPMorgan Penalized by FSA – Analyst Blog

On Thursday, JP Morgan Securities Ltd., the London arm of JPMorgan Chase & Co. ( JPM ) was fined $49 million (£33.32 million) by United Kingdom Financial Services Authority (FSA).   The largest penalty ever was imposed by UK financial regulator as the firm failed to effectively protect client money in the range of $1.9 billion and $23 billion between November 2002 and July 2009. The average amount of money left unprotected was $8.55 billion.   JPMorgan’s fine followed record of £17 million penalty paid by Royal Dutch Shell ( RDS.B ) in 2004 for overstating oil and gas reserves.   According to the FSA rules, since 2002, the banks, brokers and insurance companies are required to keep client money in separate accounts apart from their own money. The rule was implemented to protect customers’ money in case of bankruptcy.   In 2000, JPMorgan & Co and Chase Manhattan Corporation got merged to form JPMorgan Chase & Co., following which JPMorgan failed to segregate client money held by its futures and options business (F&O) with JPMorgan Chase Bank N.A.   During the recent down turn of the economy, the clients could have been exposed to losses, if JPMorgan had been within the group of failed banks as it was unable to keep a significant portion of its clients’ money in a proper secured account.   When JPMorgan came across the issue in July 2009, it rectified the problem and cooperated with the FSA.   FSA agreed and interpreted that the misconduct on the part of JPMorgan was not deliberate as the firm had alerted the regulator about the error previously. As a result, JPMorgan was awarded with the discount of 30% on its original 47.6 million pound fine.   No losses were recorded for clients as JPMorgan was in a good shape with respect to financials during the financial crisis. Besides, acquisition of troubled Bear Stearns Cos in March 2008 and acquisition of banking operations of Washington Mutual Bank added another feather to the cap.   After JPMorgan scandal, the FSA has taken strict steps to address the industry-wide problem that has embarrassed the UK regulators. Over the last six months, the FSA identified failures that included poor management oversight and control, a lack of trust status for segregated accounts, unclear arrangements for segregating client money and incomplete or inaccurate records.   As part of its shielding steps, the FSA has formed a new division specifically to ensure that client money and assets are handled correctly and targeted supervision and regulatory intervention.   It is expected that several more enforcement cases will…

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Don’t be Standard and Poor

Filed in currencies, economy, euro, Gold, natural-gas, silver, ubs by on May 26, 2010 0 Comments

Oil gained virtually 4% today and is $4 off its lows yesterday. As soon as we get thru the 9 day MA we expect to see more buying; that level is just above today’s high. From here we see a grind higher to $76/barrel. That being said we expect heating oil and RBOB to trade higher. Our first objectives would be $2.06 in heating oil and $2.10 in RBOB. Natural gas traded but failed to close above the 9 day MA. Clients trailed stops and were stopped out at a profit today. We will continue to buy near $4 for clients and trade the range. We would hope to see a larger rally in equities to institute shorts for clients in the ES once again. We expect to see buyers emerge between 1050-1060; if that level holds we would expect bulls to be able to push prices to 1125-1150 and we will re-establish shorts for clients. Inside day in October sugar but as long as the 15 cent level holds we like having clients long via futures or options. We’ve yet to make a move but we’ve started to price out bullish strategies in September coffee…stay tuned. 30-yr bonds traded below 124′00 for the first time this week but failed to close below that level. Clients are positioned short thinking a trade to 121-122′00 is in the immediate future. We continue to advise clients

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Markets Settle In

The markets have relaxed but as investors you must not. Their will be wild gyrations in the weeks to come so start thinking long and hard how you want to be positioned. At the moment $69 appears to be the line in the sand on front month Crude oil; July as of this post is at $70.20. Aggressive traders could buy futures with stops below the recent lows. We prefer to be buyers of August and September $5 bull call spreads for our clients. On the August contract we expect to see a trade over $78/barrel in the coming weeks. We have started to advise clients looking to capitalize on movements in the distillates to get long; if our analysis is correct in Crude we should see a bounce 20-25 cents in heating oil and 15-20 cents in RBOB. As for natural gas it is not high on our list but traders wishing for exposure should continue to trade the 40-50 cent range. Continue to sell rallies in the indices; our downside targets are 1050 and ultimately 1000 in the S&P, 9600 in the Dow and 1710 in the NASDAQ. This could be a bumpy ride and we may see a rally back to the 100 day MA before the next leg lower. This comes in at 1135 in the S&P, 10545 in the Dow and 1895 in the NASDAQ. Cocoa closed above the 9 day MA today for the first time in two weeks; expect bullish trade recommendations in the days to come. Another 2-4% correction in sugar and we will start getting clients long October 10′ and March 11′ contracts. We likely will be sellers of cotton this week for clients so stay tuned. OJ closed lower today for the first time in eight sessions; could this be the beginning of the correction we’ve been calling for? We’re pricing out bearish play in Treasuries with futures and options but as of yet we’ve yet to price out a viable play. Based on the last two sessions we want to be selling rallies for clients but have yet to decide on a futures or options strategy…stay tuned. The short end of the curve remains a sell as we’re advising clients to buy long dated puts or to sell futures. It appears the market is starting to price in higher interest

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Gold bullion could easily hit $2000 in 5 years, banker says

Filed in African Gold, Gold, Indonesian Gold by on May 17, 2010 0 Comments

“We have held on average between 8% and 10% of our clients’ portfolios in gold and gold stocks over the last 18 months, with original purchases of gold at approximately $780/oz. “Today’s economic environment makes gold a must in any …

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Zacks Releases Four Powerful ”Buy” Stocks: American Greetings Corp, Snap-on Inc., Parker Hannifin Corp. and Macy’s, Inc. – Press Releases

Filed in earnings, Gold Investing, Gold Prices, Guidance, lead, silver, ubs, upgrade by on April 28, 2010 0 Comments

For Immediate Release Chicago, IL – April 28, 2010 – Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value. The four highlighted picks are: American Greetings Corp ( AM ), Snap-on Inc. ( SNA ), Parker Hannifin Corp. ( PH ) and Macy’s, Inc. ( M ). Today, Zacks is promoting its ”Buy” stock recommendations. Four daily picks are offered free at http://at.zacks.com/?id=5607 Zacks #1 Rank Stocks have nearly tripled the S&P 500 since 1988, producing an average annual return of +26%. Performance has been notable even during volatile and down times. For example, during the last bear market, 2000-2002, the market tumbled -37.6% – but Zacks #1 Rank stocks gained +43.8%. Here is a summary of today’s selected stocks that are now highly rated by Zacks:                    Aggressive Growth – American Greetings Corp ( AM ) American Greetings Corp handily beat Wall Street’s expectations last week. The company posted a sizable profit after reporting a steep loss one year ago.   Zacks Guide to Aggressive Growth Investing (free!): http://at.zacks.com/?id=4309 Growth & Income – Snap-on Inc. ( SNA ) Snap-on Inc. manufactures and markets tools, diagnostics, equipment, software, and service solutions for professional users in the U.S. and internationally. Its products include hand tools, cutting tools, torque measuring instruments, and power tools. Zacks Guide to Growth & Income Investing (free!): http://at.zacks.com/?id=4310      Momentum – Parker Hannifin Corp. ( PH ) Parker Hannifin Corp. recently hit a new multi-year high after reporting excellent Q3 results that blew past expectations. The longer-term view looks solid too, with the next-year estimate projecting 38% earnings growth. Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4311 Value – Macy’s, Inc. ( M ) Macy’s, Inc. boosted its full year earnings guidance on Apr 27 as same-store sales are …

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Goldman Sachs Q1 Profit Doubles on Higher Revenue (GS)

Filed in ceo, economy, Gold, Gold Investing, goldman sachs, shares by on April 20, 2010 0 Comments
Goldman Sachs Q1 Profit Doubles on Higher Revenue (GS)

Investment banking giant Goldman Sachs Group, Inc. ( GS ) said Tuesday that its first quarter profit doubled from last year, fueled by much higher revenue, as the bank continues to deal with damaging allegations from the SEC. The New York-based company reported first quarter net income of $3.3 billion, or $5.59 per share, compared with $1.66 billion, or $3.39 per share, in the year-ago period. Revenue surged more than 35% from last year, to $12.78 billion. On average, Wall Street analysts expected a much smaller profit of $4.16 per share for the quarter. CEO Lloyd Blankfein said in a press release that “Our performance in the first quarter reflects more signs of growth across the economy and the strength of our client franchise,” adding that “In light of recent events involving the firm, we appreciate the support of our clients and shareholders, and the dedication and commitment of our people.” Those “recent events” Blankfein referred to are formal charges filed by the SEC that allege Goldman defrauded investors by misstating and omitting key facts surrounding a CDO it helped put together in 2007. Goldman Sachs shares rose $3.28, or +2%, in premarket trading Tuesday. The Bottom Line We had removed shares of GS from our recommended list back on Nov.17, when the stock was trading at $177.25. The company has a .86% dividend yield, based on last night’s closing stock price of $163.32. The stock has technical support in the $148-$151 price area. If the shares can firm up, we see overhead resistance up around the $180-$185 price levels. We would remain on the sidelines for now. Goldman Sachs Group, Inc. ( GS ) is not recommended at

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