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Gold, oil & 44 Bars per Minute

admin — Tue, 01 Mar 2011 03:07:13 +0000

“Girls love to spin.” — Wayne, Dance Instructor, Howard County Parks and Rec. I’m taking dance classes at the local Parks & Rec. with a stunning brunette, which is why I’m shuffling my feet around on Sunday nights at eight. The crowd is mixed; twenty-something hipster couples and old guys who have difficulty with their gig lines.

The instructor is a cross between Wayne Newton and Telly Savalas: a black silk shirt, shaved head, and a nose like an organic potato. He sucks his microphone like a lollipop and spits out a steady stream of advice: “One, two, hook the toe, slide back, twirl…” Chick magnet The chicks love him, of course.

And heck, I was even having a good time right up until Wayne Savalas swished over during the break. My H1 was in the parking lot. It’s shiny, yellow, and chews diesel like a Mongolian wrestler at a yak roast.

Wayne obviously saw me pull up and feels he should enlighten me about his new Chevy Volt getting 60 miles per gallon

… And why would I drive something that sucks up so much gas and destroys the environment? I told him that I was fully invested in oil explorers. And with the trouble in the Middle East launching my shares, I could drive a Semi for life… Brent Crude ETF (BNO) Yes, he said, but is this more of a trade on the Arab revolutions, or does it have more to do with the destruction of the dollar?

Wayne pointed out that the dollar/euro has hit a four-month low and seems to be heading lower. Down she goes What is most concerning is that during this particular period of global uncertainty, the

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Oil, Gold, and 44 Bars per Minute

What’s Really Wrong With America

admin — Mon, 28 Feb 2011 23:59:08 +0000

� Here’s a wonderful video I came across visiting Washington’s Blog this morning. It’s a great read if you haven’t discovered it already. As the video reminds us…. “The Funders” are not “The People”. You have to act to get it back. � There is a reason everything is so screwed up. The further you stray from our beginnings the worse everything becomes. Related Article: NEWSFLASH: The Meltdown Didn’t Have to Happen Bill Black: Fire Holder, Geithner and Bernanke The No Spin Zone: Bill Black Calls BS Epic Fail: Brooksley Born Demolishes Alan Greenspan Matt Taibbi: Goldman is “Re-creating the conditions for another crash” To learn more about Wealth Daily click here Advertisement 21st Century Medicine … Is exactly what you thought it would be. An AIDS vaccine has been tested. New organs are being grown. Limbs are being created from scratch. But humanity isn’t the sole motivator… Serious cash stands to be made by curing diseases. One small biotech firm — featured on 60 Minutes — is on the path to even wilder medical breakthroughs. To see what I mean and learn about this company, watch this brief presentation . What’s Really Wrong With America originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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What’s Really Wrong With America

Weekend: Deja Vu All Over Again

admin — Mon, 28 Feb 2011 04:29:12 +0000

Welcome to the Wealth Daily Weekend Edition�— our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles. Growing up on a steady diet of Brooks, Boog, and Cal, I have never exactly been a big fan of the New York Yankees. But if there’s one Bronx Bomber you’ve got to love, it’s Yogi Berra. Berra could do it all in his day, and he certainly had a way with words. If he were asked today about the absurdity of our current economic mess, I’m sure he would have something funny to say about it. But since Yogi is not taking my calls, I thought I would put a few of his famous words in the mouths of some other famous people. I hope he doesn’t mind… Advertisement Samurai Super Alloy It was the secret ingredient that turned an ordinary sword into the legendary Samurai Katana�— the deadliest weapon before the arrival of modern rifles. Today, it’s crucial to the $987billion/year global steel industry… And the world’s supply is quickly running out. Find out how a tiny mining company sitting on one of the last untapped deposits of this metal could hand you 2682% �— in the next 12 months! What Ben Bernanke would say: “ It’s tough making predictions, especially about the future. ” What Federal Reserve Bank of Dallas President Richard W. Fisher would say: “ If you don’t know where you’re going, you’ll wind up somewhere else. ” What NAR Chief Lawrence Yun would say after a few drinks: “ The future ain’t what it used to be.” What short seller Richard Chanos would say about China: “ You can observe a lot by watching. ” What a homebuilder would say: “ If they don’t want to come, you can’t stop them. ” Something Bill Fleckenstein would say: “ We make too many wrong mistakes. ” A conversation between Ron Paul and Fed Chief Ben Bernanke: Ron: “ I think we’re lost. ” Ben: “ Yeah, but we’re making great time. ” What…

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Weekend: Deja Vu All Over Again

Silver Headed to $50 an Ounce in 2011

admin — Fri, 25 Feb 2011 23:25:47 +0000

Gold will continue dominate the precious metal headlines in 2011. But it’s silver that will ultimately be the year’s top performing precious metal. Don’t get me wrong; gold will do very well for investors this year. But on a dollar-for-dollar basis, silver is going to blow the doors off gold’s performance in 2011. Silver could easily eclipse the metal’s 1980 nominal high of $50 an ounce this year. And when you learn just how little silver is available on the market right now, I think you’ll agree… The ten largest precious metal traders on COMEX currently hold net short silver positions that represent more than 330 million ounces�— nearly half of total global silver production. Compare that to gold, in which the net short position in of the same ten traders represents 25 million ounces (or a mere 1%) of the 2 billion ounces of world gold inventory. That means the net short position in silver is 27 times greater than that of gold. This is setting up what I believe could be an explosive situation for wise investors. Silver Prices The world’s largest holders of silver bullion account for roughly half (500 million ounces) of the available 1 billion ounces of worldwide silver. This is spread over the seven largest investment funds, which include iShares Silver Trust (NYSE: SLV), the Central Fund of Canada (AMEX: CEF), and others. This means only 500 million ounces remain for the rest of the world to invest in. And remember that, at some point, 330 million ounces of this will eventually need to be purchased by the net physical short positions of the ten largest short players who will have to eventually cover. That means there would only be 170 million ounces of silver available to investors worldwide who are suddenly buying silver in ever-increasing amounts. And unlike gold, there is little in the way of available above ground silver inventory. The COMEX reports roughly 120 million ounces of silver in inventory. But most of this is already accounted for by those who hold a warehouse receipt. All this becomes a real problem when you consider that ownership of physical silver is practically becoming a religion in China . ~~SIGNUP_WD~~ In the past 16 months, China has gone from a net exporter of ~100 million ounces of silver to a net importer of ~150 million ounces of silver. This essentially means that ~250 million of silver is no longer available to the market on an annual basis. The Chinese government is teaching their citizens the ownership of silver is an antidote to a devaluing U.S. dollar. And they’re right. This has massive implications for the silver market when you consider the 1.3 billion people who live there are rapidly becoming more interested in buying physical bullion… and will continue to do for quite some time in increasing amounts. The price of silver

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Silver Headed to $50 an Ounce in 2011

Carlos Slim Continues to Invest in Mining

admin — Wed, 23 Feb 2011 02:44:15 +0000

The world’s richest man says he will continue to sink millions into a brand-new mining venture in Mexico. And now his new mining company is buying up precious and base metal assets in one particular central Mexican state. In today’s issue of Wealth Daily , we’ll discuss a few junior mining stocks with assets nearby that could juice your investment portfolio. Three weeks ago, I wrote to you to discuss a brand-new, publicly-traded mining company that will be financed and controlled by telecommunications tycoon Carlos Slim. To recap: Slim spun off a new mining company called Minera Frisco, S.A.B. de C.V. from his main holding conglomerate at the beginning of the year. Minera Frisco was already producing both gold and silver when the Mexican billionaire took the company public. Last year, Frisco produced 200,000 ounces of gold and 5.5 million ounces of silver. In 2011, the company says it will spent nearly $750 million to more than double its gold production to 440,000 ounces, and nearly quadruple silver production to 19.1 million ounces. And while I mentioned Minera Frisco’s stock may not be an ideal for the general retail market, I briefly detailed a few noteworthy Mexican pure play gold and silver companies as alternative investments. However, there are still many other public companies with quality mineral assets in the immediate region that may also benefit from the resources …

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Carlos Slim Continues to Invest in Mining

Case-Shiller: The Double-Dip Has Arrived

admin — Wed, 23 Feb 2011 02:02:40 +0000

According to the latest data from the Case-Shiller Home Price Index, the housing double dip has arrived. Home values in 20 cities fell 2.4 percent, the biggest year-over-year decrease since December 2009, the group said today in New York. “We ended 2010 with a weak report,” David Blitzer, chairman of the index committee at S&P, said in a statement. “Despite improvements in the overall economy, housing continues to drift lower and weaker.” Nationally, home prices decreased 4.1% in the fourth quarter from the same time in 2009 and were down 3.9% from the previous three months. It was the biggest quarter-to-quarter drop in almost two years. Now with a reading of 130.38, the index is just shy of the low of 129.2 reached in the first quarter of 2009. Those post bubble-lows put home prices generally on par with 2003 values. Of course, the problem is home prices could easily fall another 10% from here pushing home values all the way back to levels last seen in January 2000. Meanwhile, in the shocker of a still young century, we learned that the National Association of Realtors (NAR) hasn’t been exactly truthful when it comes to thier relied upon sales data. As it turns out, the NAR has been lying to the tune of 15-20%,� overestimating home sales going back to 2007. So things are worse than they told us. Imagine that… From the Mortgage Rates & Trends Blog by Michael King entitled: Realtor Group Accused Of Over-Counting Homes Sales The National Association of Realtors might be over-estimating home sales…

My Last Coal Reco is up 823%

admin — Tue, 22 Feb 2011 02:28:36 +0000

You won’t find it in the mainstream press, but coal is undergoing a massive boom. China is the biggest burner of coal on earth, accounting for 50% of all coal consumed.� The Middle Kingdom�— in an effort to have clean air — has put restrictions on its dirty brown coal. This means that, despite having large reserves of poor-quality coal, it is now a voracious importer of high-grade coal, used to fire its power plants and make steel. Chinese imports have risen more than 13 percent per year for the last decade. Advertisement China Stopped Dead in its Tracks It was China’s most insidious plan to date. They were about to perfect a monopoly on an essential class of metals… And in the process, take the world’s high-tech industry hostage. That is, until a tiny mining company came around�— and changed everything. India India is on a coal-buying binge as well. India imports most of its ever-growing coal needs and 70 percent of the high-quality stuff needed to make steel. India’s blue chip coal miner, Steel Authority of India Ltd., is looking to buy two coaking mines in Mongolia. Mongolia, as I’ve been writing for more than a year, has the world’s largest deposits for coaking coal… According to Bloomberg : “Steel Authority, in talks to build a $3 billion factory in the land-locked North Asian country, aims to buy one mine itself and another through a venture with other state-run metal and energy companies.” Mongolia has an estimated 6 billion metric tons of coal in the Gobi desert, and as much as 70 percent of the deposit may be coking coal. The price is flying Already this year, Tata Steel of India is paying 66 percent more for fuel than it did last year.� Forbes recently wrote about U.S. coal producer Massey Energy (MEE), saying “The firm’s revenue per ton has increased from $37 in 2005 to $54 in 2009, and we expect this positive trend to continue going forward led by increasing demand for coal in emerging countries like India and China.” The producers have so much juice these days that BHP told the Japanese steelmakers they were going to price coal every month, instead every quarter, going forward… It was only last year when the prices went to every quarter from every year. The last quarterly price was set at $120 a ton�— double last year’s price. Bloomberg is reporting three big coal companies are headed for record profits. “BHP, Vale SA, and Rio Tinto Group, the world’s three largest mining companies, are set for record profit totaling $…

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My Last Coal Reco is up 823%

EURUSD Weekly Summary: Bullish flag broken, Euro could continue the bullish run

admin — Sat, 19 Feb 2011 12:00:06 +0000

EURUSD Weekly Summary: Bullish flag broken, Euro could continue the bullish run to 1.3860 or higher The EURUSD slipped below 1.3500 this week, but found a good support around 1.3420 area before bounced significantly higher and hit 1.3714 on Friday. As you can see on my daily chart below, the bullish flag is broken out to the upside, suggests potential bullish continuation scenario which started from 1.2873. This fact not only open the door for further bullish run testing 1.3800 – 1.3860 key resistance area, but could create a bigger bullish scenario testing 1.4200 – 1.4300. Immediate support is seen around 1.3650 followed by 1.3550. A break below 1.3550 could cancel the bullish flag upside scenario re-testing 1.3420 key support level. Have a great weekend and see you guys next week.

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EURUSD Weekly Summary: Bullish flag broken, Euro could continue the bullish run

Gallup: The Unemployment Rate is 10%

admin — Fri, 18 Feb 2011 01:23:53 +0000

� Jobs…jobs…jobs… I’m beginning to sound like a broken record but it’s true: This economy is going nowhere unless we start creating some jobs. As for the recent drop in the unemployment rate to 9.0%, I’m not buying it since it comes from Uncle Sam. The real figure is likely closer to what Gallup is reporting today… From by Dennis Jacobe entitled: Gallup Finds U.S. Unemployment Up to 10% in Mid-February “Unemployment, as measured by Gallup without seasonal adjustment, hit 10.0% in mid-February — up from 9.8% at the end of January. Underemployment, in which Gallup combines part-time workers wanting full-time work with the U.S. unemployment rate, surged in mid-February to 19.6% — mostly as a result of the sharp increase in those working part time but wanting full-time work. Underemployment now stands at basically the same place as it did a year ago (19.8%). The unemployment rate in mid-February is 0.8 percentage points lower than it was at this time a year ago, compared with a 1.1-point improvement at the end of January. This suggests that jobs are less available now than they were in January. More troubling, however, is the surge in underemployment. On this broader basis, current job conditions are barely improved from what they were at this time last year. Essentially, what has happened over the past year is that some people who were unemployed got part-time jobs but are still looking for full-time work. This is not much to show for a year in which many macro-economic indicators showed improvement. This is likely why Gallup’s self-reported spending

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Gallup: The Unemployment Rate is 10%

The Miracle of Regenerative Medicine

admin — Fri, 18 Feb 2011 00:41:00 +0000

Tall, dark, and handsome… Dr. Anthony Atala is not a guy you could easily mistake for Dr. Frankenstein. Yet, in his white lab coat, Atala is doing exactly what author Mary Shelley wrote about so long ago. A mad scientist in his own right, he is busy growing body parts in his Wake Forest lab. A finger here, a bladder there, Atala is currently growing dozens of different tissues. And from heart valves to muscles to ears, his Institute for Regenerative Medicine is literally about to turn the world on its head. Working at one of the world’s largest research facilities dedicated to regenerative medicine, the modern Dr. Frankenstein is adamant that his research will one day replace diseased or damaged tissue using homegrown replacement parts. After all, as Dr. Atala often pondered, “A salamander can grow back its leg, why can’t a human do the same?” Now, some twenty-four years later, that notion is no longer just a wild hypothetical; it’s a feat of modern science, stripped from the pages of a 194-year-old novel. Today, regenerative medicine stocks are the companies to watch as this amazing new technology unfolds. The promise of regenerative medicine Take the story of Claudia Castillo, for instance. In 2008, this 30-year-old mother of two became the first patient to receive a whole organ transplant without the need for powerful anti-rejection drugs. Damaged by a bout of tuberculosis, her entire windpipe was repaired with a replacement part created with the help of her own stem cells. And given the choice between losing a lung or becoming a guinea pig for a radical new medical technique, Castillo chose the latter�— becoming one of the pioneers for future regenerative surgeries. Her life these days is not only back to normal… She recently called her doctors from a nightclub to tell them she had been out dancing all night. Before the ground-breaking surgery, Castillo could barely climb the stairs. Claudia’s story is just the beginning… In fact Dr. Atala’s team is currently working on re-growing over 23 different organs including the liver, heart, kidney, and bladder. Along the way, they have conquered a number of milestones in the field. From the website , these firsts include: Developing biological strategies to enable certain human cell types that were previously thought not to be expandable outside the body to be grown in…

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The Miracle of Regenerative Medicine

Sysco Confirms Our Worst Fears

admin — Mon, 14 Feb 2011 23:43:29 +0000

The food inflation strategies we outlined here and here and here may have sounded a bit gloomy, but considering what’s been happening in the commodity markets (inflation, weather-related disasters, and freezing conditions in Mexico), the well-timed strategies remain in place. � ———————— � Now that Sysco has confirmed their prices are rocketing (which also means your food prices will head north), it’s about to get a lot worse for the millions already struggling to pay their outrageous food bills… According to reports, you’ll pay double… even triple the price for produce within weeks thanks to a freeze that wiped out crops in Mexico and the southwestern US.� And, according to Zero Hedge, “Now might be a good time to hit the frozen foods (or fresh produce if you’ve got a vacuum sealer) aisle at your local grocery store and stock up on your favorite fruits and veggies, as there may be a severe supply crunch coming in the next couple weeks lasting perhaps several months.” “Why pay premium prices later when you can prepare yourself today, before the rest of the country gets wind of it,” says Zero Hedge, as inflationary risks, supply problems, weather related incidents, and a recent freeze in Mexico that’s lead to an 80% and 100% crop damage makes life a bit more unbearable for companies that Sysco, which just released the following note: ALL OF OUR GROWERS HAVE INVOKED THE ACT OF GOD CLAUSE ON OUR CONTRACTS DUE TO THE FOLLOWING RELEASE. WE WILL BE CONTACTING YOU PERSONALLY TO REVIEW HOW THIS WILL AFFECT OUR CONTRACTED ITEMS WITH YOU GOING FORWARD. THE DEVASTATING FREEZE IN MEXICO IS WORST FREEZE IN OVER 50 YEARS… THE EXTREME FREEZING TEMPERATURES HIT A VERY BROAD SECTION OF MAJOR GROWING REGIONS IN MEXICO, FROM HERMOSILLO IN THE� NORTH ALL THE WAY SOUTH TO LOS MOCHIS AND EVEN SOUTH OF CULIACAN. THE EARLY REPORTS ARE STILL COMING IN BUT MOST ARE SHOWING LOSSES OF CROPS IN THE RANGE OF 80 TO 100%. EVEN SHADE HOUSE PRODUCT WAS HIT BY THE EXTREMELY COLD TEMPS. IT WILL TAKE 7-10 DAYS TO HAVE A CLEARER PICTURE FROM GROWERS AND FIELD SUPERVISORS, BUT THESE GROWING REGIONS HAVEN’T HAD COLD LIKE THIS IN OVER A HALF CENTURY. THIS TIME OF YEAR, MEXICO SUPPLIES A SIGNIFICANT PERCENT OF NORTH AMERICA’S ROW CROP VEGETABLES SUCH AS: GREEN BEANS, EGGPLANT, CUCUMBERS, SQUASH, PEPPERS, ASPARAGUS, AND ROUND AND ROMA TOMATOES. FLORIDA NORMALLY IS A MAJOR SUPPLIER FOR THESE ITEMS AS WELL BUT THEY HAVE ALREADY BEEN STRUCK WITH SEVERE FREEZE DAMAGE IN DECEMBER AND JANUARY AND UP UNTIL NOW HAVE HAD TO PURCHASE PRODUCT OUT OF MEXICO TO FILL THEIR COMMITMENTS, THAT IS NO LONGER AND OPTION. WITH THE SERIES OF WEATHER DISASTERS THAT HAS OCCURRED IN BOTH OF THESE MAJOR GROWING AREAS WE WILL EXPERIENCE IMMEDIATE VOLATILE PRICES, EXPECTED LIMITED AVAILABILITY, AND MEDIOCRE QUALITY AT BEST. THIS WILL NOT ONLY HAVE AN IMMEDIATE…

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Sysco Confirms Our Worst Fears

Weekend: The Fool Proof Retirement Plan

admin — Sun, 13 Feb 2011 09:29:05 +0000

Welcome to the Wealth Daily Weekend Edition�— our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles. As I wrote earlier in the week, dividend reinvestment plans — or DRIPs — are a great way to secure your financial future. All you need is the time and patience to stick to the blueprint… The best part is these plans are offered by more than 1,100 companies and are available to investors of all stripes, making it possible to purchase shares of stock without using a broker. This allows investors to buy stock directly from the company in very small amounts�— something that can be more difficult and costly when compared to buying shares through your broker. In fact most companies don’t charge a fee, and the minimum investment can be as low as $10. Advertisement 60 Minutes Reports on Growing Body Parts Call it what you want: biotechnology, tissue engineering, cell therapy, regenerative medicine. The famous newsmagazine has reported on one doctor about to make multiple medical problems disappear forever. Lucky for you, that same doctor sits on the board of a $3.00 company that will bring these solutions to market�— making shareholders rich in the process. Check out the 60 Minutes clip to learn the name. The plans also reinvest all or partial dividends paid into more stock, thus the name “Dividend Reinvestment Plan.” And in this case — since the investment is based on dollar amounts — you can purchase fractional shares. In addition, investors can choose to add a monthly contribution to the plan, boosting the amount of wealth the DRIP can create. That means you can start out with as little…

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Weekend: The Fool Proof Retirement Plan