Segment 1: 2024 Year in Review SEGMENT BEGINS AT 03:25 In this segment, we’ll take a comprehensive look back at the major financial events that shaped this year. Segment one topics include: 2024 stock market highlights Top performing ETFs, Dividend Aristocrats,...
SOROS DOUBLES DOWN ON BEARISH BET
Billionaire Investor George Soros Bets $1.3 Billion on U.S. Stock Market Crash
The man who made $1 billion on a single trade shorting the British Pound back in 1992 is now wagering that U.S. stocks will experience a sharp correction in 2014. According to the latest 13F filed by Soros Fund Management, LLC made available last Friday, George Soros has dramatically increased his “put” position on the S&P 500 ETF (SPY) in the fourth quarter of 2013. In fact, the negative bet by Soros last quarter represents a huge 150%+ increase from his position in the third quarter. (A “put” option is bought by investors who believe that a particular security is going to decline in price, and gives the investor the right, but not the obligation, to sell a security at a set price during a specified time.)
According to MarketWatch:
“The value of that holding, the biggest position in the fund, has risen to $1.3 billion from around $470 million. It now makes up a 11.13% chunk of all reported holdings. It had been cut to 5.14% in the third quarter, from 13.54% in the second quarter, which itself marked another dramatic lift on the bearish call.”
(Source: Bullion Baron)
The S&P 500 is overdue for a major correction as the last serious movement to the downside in the index occurred back in the Summer of 2011. The question for investors is “when”, not “if”, the next major downturn in U.S. stocks will begin…
Inside this Issue
World Stocks Hit Three and a Half Week High
But the fundamentals undergirding the move higher are all but certain…
Silver Surges By 6% In Shanghai – Longest Run Of Gains Since 1968
Silver is already up 11.3% YTD and is headed for its longest run of gains since at least 1968, according to Bloomberg.
The Crushingly Expensive Mistake Killing Your Retirement
401(k) fees are costing you hundreds of thousands of dollars over your lifetime.
Food Stamp Use Among Military Skyrockets
Food stamp usage at military grocery stores, or commissaries, has nearly doubled since 2008.
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U.S. Financial MarketsReal-time Gold and Silver Prices |
Precious Metals Market Update with Tom Cloud
BUSTED: Israel Caught Attempting to Send Arms to Iran via Greece
Well, this is awkward…
Residents Baffled by Terrifying Loud Booms in Oklahoma
If you hear a bang in the night in Oklahoma, it’s probably not a monster, but could be something worse — an earthquake.
Iran Seeks New Russia Reactor in Exchange for Oil
Iran’s ambassador to Moscow on Monday said Russia could build the Islamic republic a second nuclear power reactor under a proposed oil-for-goods swap that has raised grave concern in Washington.
Company Plans to Beam Free Wi-Fi to Every Person on Earth From Space
An ambitious project known as Outernet is aiming to launch hundreds of miniature satellites into low Earth orbit by June 2015, which will broadcast the Internet to phones and computers giving billions of people across the globe free online access.
PODCAST: What’s Ahead for Gold & Silver in 2014?
Broadcast Every Saturday Morning – Hosted by Jerry Robinson
Topic: On this week’s episode, Jerry Robinson explores the precious metals markets, gives guidance on U.S. stocks and warns about China.
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The United States of Decline
America is unraveling at an increasingly dizzying pace.
Report: Americans Completely Reliant on China for Antibiotics
“The crucial ingredients for nearly all antibiotics, steroids and many other lifesaving drugs are now made exclusively in China.”
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“Daily Investment Trends for the Savvy Investor”
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“A Daily Stock Trading Idea for Short-Term Traders”
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“A Daily Dose of Financial Wisdom from God’s Word”
“He who is faithful in a very little thing is faithful also in much; and he who is unrighteous in a very little thing is unrighteous also in much.”
Luke 16:10