Category: Investing

July 11, 2010 Category: Investing

Download the Free Emergency Stockpile List

On this week’s radio show, I discussed the importance of having a emergency stockpile of food and water in addition to having a financial reserve. Click the following link to download an Emergency Stockpile List.

Category: Investing

Merrill Lynch: The 3 big reasons gold and silver will soar

Merrill Lynch metals analysts maintain gold will hit a US$1,500 per ounce target by the end of next year as investor demand pushes gold prices higher.

Category: Investing

Top 20 Global Banks by Market Capitalization: The Decline of American Banks & The Rise of Goldman Sachs

The Financial Times has a very interesting shockwave application showing how the top banks by market capitalization have changed for the last few years. You can clearly see the Goldman Sacks ascension and the decline of the American banks.

Category: Investing

BIS gold swap – best news to hit gold in 30 years

In its 2010 annual report, the Bank of International Settlements said that “gold, which the bank held in connection with gold swap operations, under which the bank exchanges currencies for physical gold,” stands at 8,160.1 million in special drawing rights, equivalent to 346 tonnes this year, up from nil in 2009.”   Apparently this amount has now climbed to 382 tonnes since the report was issued.

July 9, 2010 Category: Investing

Richard Russell: Everything you need to know about gold in three sentences

…As I’ve said a thousand times, Fed Chief Bernanke will absolutely not accept deflation… Shrewd gold-accumulators are well aware of [this]. As the deflationary and deleveraging forces press on the US economy, the Bernanke Fed is ready to devalue the US dollar in its (“whatever it takes”) battle to hold back deflation.

Category: Investing

IRS to begin tracking gold and silver coin purchases in 2012

A blizzard of paperwork could be about to hit numismatics. Passage by Congress of the national health care legislation has had an unintended consequence to the nation’s coin collectors, vest-pocket dealers who buy and sell coins, and larger dealers who are frequent buyers of coins that collectors periodically liquidate as they trade up their collections for better coins, or simply sell to take a small profit or loss.

July 8, 2010 Category: Investing

JIM ROGERS: Sell Bonds, Buy Precious Metals, Rice on Supply Shortages

“Bonds are not a good place to invest in,” Rogers said at a conference in Kuala Lumpur today. “You should own commodities because that’s your only refuge” whether it’s silver or rice, said Rogers, who predicted the start of the global commodities rally in 1999.

Category: Investing

Shared sacrifice will be the new economic order

The laser-like focus on the global financial crisis means investors are back in contingency planning mode while the tools to fend off fiscal Armageddon are again being sharpened by governments and policy makers around the world. But, at times like these, it is important to understand where the real economic power resides, and that is with the people on Main Street.

July 5, 2010 Category: Investing

Dow Repeats Great Depression Pattern: Charts

Dow Repeats Great Depression Pattern: Charts DOW JONES, WALL STREET, GREAT DEPRESSION, TECHNICAL ANALYSIS, MARKETS, STOCKS, DAX, FTSE, FOOTSIE, CNBC.com | 05 Jul 2010 | 05:31 AM ET The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday. […]

July 3, 2010 Category: Investing

Six Months to Go Until The Largest Tax Hikes in History

In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families.  These will all expire on January 1, 2011: The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed).  The lowest rate will rise from 10 to 15 percent.  All the rates in between will also rise.  Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates.

June 28, 2010 Category: Investing

Derivative Monster: Alive and Kicking Despite Reforms

Anyone who thinks the new financial reform law will save us from the next debt disaster must be dreaming. Here are the facts…

June 25, 2010 Category: Investing

FOR SALE: Greek Islands

There’s little that shouts “seriously rich” as much as a little island in the sun to call your own. For Sir Richard Branson it is Neckar in the Caribbean, the billionaire Barclay brothers prefer Brecqhou in the Channel Islands, while Aristotle Onassis married Jackie Kennedy on Skorpios, his Greek hideway.

June 24, 2010 Category: Investing

RUSSELL: THIS IS ONE OF THE LARGEST TOPS IN STOCK MARKET HISTORY

Earlier this year, Russell warned that the stock market was once again becoming grossly overvalued despite its relentless new highs.  He has maintained that the bear market never ended and that the world is far too indebted to exit the bear market.  He also believes the bear will not end until all fiat currencies have failed. 

June 23, 2010 Category: Investing

Merrill Lynch: "Gold Will Hit $1,400/oz by 2012"

Merrill Lynch metals analysts maintain gold will hit a US$1,500 per ounce target by the end of next year as investor demand pushes gold prices higher.
In research published Monday, analysts Michael Widmer, Francisco Blanch, and Alex Tonks are predicting average gold price forecasts of US$1,200/oz this year, $1,350/oz in 2011, and $1,400/oz in 2012, up from $1110/oz, $1179/oz and $1109/oz. respectively.

June 21, 2010 Category: Investing

China to Overtake U.S. as World’s Top Manufacturer

The US remained the world’s biggest manufacturing nation by output last year, but is poised to relinquish this slot in 2011 to China – thus ending a 110-year run as the number one country in factory production.

Category: Investing

Another Record High for Gold: $1265/oz

Gold rose to a record in London and New York as other commodities gained on speculation demand for raw materials will increase and as investors bought the metal to protect wealth from Europe’s financial turbulence.

Category: Investing

Gold to Jump to Record $1,300 as Investors Shun Euro

Gold may climb to a record $1,300 an ounce this year as investment demand shifts from the euro and the dollar, said Bruce Ikemizu at Standard Bank Plc.

Category: Investing

Canada’s economy is suddenly the envy of the world

Canada thinks it can teach the world a thing or two about dodging financial meltdowns.
The 20 world leaders at an economic summit in Toronto next weekend will find themselves in a country that has avoided a banking crisis where others have floundered, and whose economy grew at a 6.1 percent annual rate in the first three months of this year. The housing market is hot and three-quarters of the 400,000 jobs lost during the recession have been recovered.

June 18, 2010 Category: Investing

Central banks join gold rush

Foreign banks and investors alike have been flocking to the precious metal over the last year, sending it soaring to record highs.

June 17, 2010 Category: Investing

Elliot Wave predicts triple-digit Dow in 2016

An investment letter that called the Crash of 2008 said that this would be a bad year — and it now says it will get worse.

June 16, 2010 Category: Investing

Price increases fuel fears of food ‘crises’

Food commodity prices will increase more than previously expected in the next decade because of rising energy prices and developing countries’ rapid growth, two leading organisations said on Tuesday, worsening the outlook for global food security.

June 15, 2010 Category: Investing

U.S. Identifies Vast Riches of Minerals in Afghanistan

The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself, according to senior American government officials.

June 12, 2010 Category: Investing

FTMWeekly Financial Radio Show: Is It Time to Buy the Euro?

Time to Buy the Euro? On this week’s program, Jerry Robinson provides his insights concerning the U.S. National Debt, the price of gold, along with an in-depth look at the other important headlines of the week. Our special guest interview is with Tim W. Wood, CPA (Cycles News and Views newsletter). Mr. Wood discusses his […]

June 11, 2010 Category: Investing

As Gold Hits Record, Central Banks in Focus

Gold’s surge to a record sparked speculation that central banks may be stepping up purchases of the precious metal. Tuesday, gold contracts for June delivery rose $4.70, or 0.4%, to $1,244 a troy ounce, a record settlement price on the Comex division of the New York Mercantile Exchange.

Category: Investing

George Soros: ‘We Have Just Entered Act II’ of Financial Crisis

“The collapse of the financial system as we know it is real, and the crisis is far from over,” Soros said today at a conference in Vienna. “Indeed, we have just entered Act II of the drama.”

June 10, 2010 Category: Investing

UBS Forecasts: Gold, the ‘ultimate currency,’ to hit $1,500

AG said today in a report that projects prices will hit $1,500 (U.S.) an ounce in the next 12 months and says anything below $1,200 represents a buying opportunity.

June 9, 2010 Category: Investing

Ten Benefits of Expatriation

The following is an excerpt from the free 29-page American Expatriation Guide, written by a former U.S. citizen who wants to remain anonymous. Read what he has to say – from a “been there, done that” perspective – and maybe take your own first steps to move to greener pastures. Everybody has their own personal […]

Category: Investing

OPEC: 2010 demand picture uncertain

OPEC on Wednesday slightly revised up its forecast for world economic growth but left 2010 oil demand largely unchanged as Europe’s debt crisis, an oversupply of crude in the market and a potential cooling in China’s growth pointed to “economic signs that are not rosy.”

June 8, 2010 Category: Investing

Gold price hits new record as it breaks through $1,250

The price of gold rose to an all-time high point above $1,250 an ounce on Tuesday, as investors nervous about the weak state of the global economy sought safety in the precious metal.

Category: Investing

DOW JONES Slides To 7 Month Low; GOLD Reaches $1250/oz

Stocks fell on Monday in a late-day selloff that took the Dow Jones Industrial Average below its lows of the May 6 “flash crash.”
The Dow ended down 115.48 points, or 1.2%, at a seven-month low of 9816.49 and below 9869.62, its low-point of the May 6 slide. That day, buyers rushed into the market at that level, helping pare a 1,000-point drop to a decline of 347.80 points.

June 7, 2010 Category: Investing

Top Central Banks Not Planning Shift Out of Euro

Some of the world’s richest central banks will not stop investing in the euro, supporting its reserve status, despite the sovereign debt crisis hammering the euro zone’s currency, government sources said.

June 3, 2010 Category: Investing

Feds halt new oil drilling in Gulf

The Obama administration is blocking all new offshore drilling in the Gulf of Mexico, a day after regulators approved a new permit for drilling in shallow water.

Category: Investing

Goldman Sachs sold $250 million of BP stock before spill

The brokerage firm that’s faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something else: the stock of British oil giant BP.

According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman’s sales were the largest of any firm during that time. Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP’s stock during the quarter.