Archive for May, 2013

The surprising reason the government is cracking down on your financial privacy

From Casey Research:
 
At the latest G-20 meeting, central bankers, finance ministers, and an assortment of other central planners touted what they hoped would be a new "global standard" of the automatic sharing of financial information.
 
The U.S. has taken the lead with the odious FATCA law, and the EU has followed suit with its own version. Through FATCA and other measures, both governments are aggressively seeking new ways to undermine financial privacy.
 
Financial privacy should not be viewed in a negative light, as it is often portrayed. The Swiss view it as a fundamental human right to preserve dignity, akin to medical privacy.
 
How would you feel if the government snooped into your medical records and automatically shared those records with foreign governments?
 
While it would appear that the primary objective of this new "global standard" is to rake in more money for bankrupt governments, it seems another motive is at play here.
 
The optimistic estimate for FATCA is that it will bring in around $9 billion over 10 years or $900 million on average per year.
 
With the deficit in 2012 for the US federal government at $1.1 trillion, the expected $900 million from FATCA is not even a drop in the bucket (actually around one-tenth of one percent). Even in the unlikely event that the U.S. will moderately reduce its deficit in the future, the revenue from FATCA will remain a pittance in comparison.
 
So, it begs the question: Why would the U.S. government go through all the enormous trouble of implementing FATCA if it’s going to bring in such a meager amount of money?
 
Read full article…
 
More on privacy:
 
Doug Casey’s "beginner’s guide" to protecting your assets
 
How to stop the government from reading your e-mail
 
A former FBI counterterrorism agent made a jaw-dropping admission this week

Thursday, May 30th, 2013 Invest, News, Wealth Comments Off on The surprising reason the government is cracking down on your financial privacy

A stunning report every gold bull must see

From Global Economic Trend Analysis:
 
Sentiment is never a perfect timing instrument. Yet, with "Hedge Fund Bets on Gold at Five-Year Low," I am comfortable stating the gold bull market is not over:
 

Hedge funds are the least bullish on gold in more than five years as speculation about the pace of money printing by central banks whipsawed prices, driving volatility to a 17-month high.

 

Money managers cut their net-long position by 9 percent to 35,686 futures and options as of May 21, the lowest since July 2007, U.S. Commodity Futures Trading Commission data show. Holdings of short contracts rose 6.7 percent to a record 79,416. Net-bullish wagers across 18 U.S.-traded commodities slid 2.1 percent, as investors became more bearish on coffee and wheat.

 

Investor sentiment is “negative towards gold,” and physical demand has started to slow, Suki Cooper, a New York-based analyst at Barclays Plc, said in a May 24 report. The metal will get “crushed” and trade at $1,100 in a year and below $1,000 in five years as inflation fails to accelerate, Ric Deverell, the head of commodities research at Credit Suisse Group AG, said in London on May 16.

 

“I would be underweight the commodities at this point until we start seeing a pickup in global growth and a self-sustaining recovery here in the U.S.,” Chad Morganlander, a Florham Park, New Jersey-based fund manager at Stifel Nicolaus & Co., which oversees about $130 billion. “The global economy has been decelerating, and China is struggling.”

 
Unlike copper, gold is not an industrial commodity so a slowing global economy is simply not that pertinent. It appears to me that neither Ric Deverell at Credit Suisse, nor Chad Morganlander at Stifel Nicolaus has a clue about what the fundamental driver for the price of gold is.
 
Granted sentiment is poor, but bull markets tend to end on good news with extreme positive sentiment (such as we see now with US equities), and bear markets end on bad news and extreme pessimism…
 
Read full article…
 
More on gold:
 
Casey Research: It’s time to buy gold now
 
Porter Stansberry: A new warning on gold
 
This could be the best argument for gold you’ll read this year

Thursday, May 30th, 2013 Invest, News, Wealth Comments Off on A stunning report every gold bull must see

Update: This important "leading indicator" is crashing

From Kimble Charting Solutions:
 
The Power of the Pattern reflected that a key economic asset could fall 50% in value back on 3/18, due to 20-year channel resistance and 75% bulls. 
 
Lumber was trading at $385 at the time. Today, lumber is limit down trading at $287, losing 25% of its value in 70 days!
 
The chart reflects that 100% of the time lumber hit the top of its trading channel, it has fallen at least…
 
 
More on lumber:
 
 
 

Thursday, May 30th, 2013 Invest, News, Wealth Comments Off on Update: This important "leading indicator" is crashing

Why the "smart money" could be getting ready to bail out of U.S. housing

From Dr. Housing Bubble:
 
The whispers about private equity exiting the rental market are now out in the open. A few reports are highlighting that some private equity investors are testing the waters for an exit via IPOs.
 
Some have asked why it is necessary for these investors to hold onto properties for a few years before exiting. One of the main reasons is for valuation purposes given that it takes a few years to gather enough workable data on say a block of 1,000 homes and their overall vacancy rates, rental rates, and expense ratios.
 
This would be important if this pool of homes were to be converted into an income stream for investors. Yet many are now looking to exit given how hot the stock market is. You want to sell into momentum.
 
A few other key points include rents falling in places like Las Vegas, where investor demand has been incredibly high. Is the hot money planning an exit?
 
Many of the projections that I have seen assumed that rental prices would continue to move up between 3% and 5% on an annual basis in many locations. Yet this assumption is being put to the test in many markets as…
 
 
More on housing:
 
 
 

Thursday, May 30th, 2013 Invest, News, Wealth Comments Off on Why the "smart money" could be getting ready to bail out of U.S. housing

The infamous "magazine cover" indicator could be flashing red again

From All Star Charts:
 
When mainstream publications get wind of the bull market, we know for sure it’s no longer a secret.
 
This morning I couldn’t help myself… I had to pick up a copy of the USA Today. I mean, there’s a huge Bull slapped right on the cover with the headline, "Bull Run Gets Solid Footing."
 
They follow up by proclaiming that the boost from home prices and consumer confidence proves that the rally is more than a Fed-induced "sugar high." And they seem pretty confident about that…
 
 
More on sentiment:
 
 
 

Thursday, May 30th, 2013 Invest, News, Wealth Comments Off on The infamous "magazine cover" indicator could be flashing red again

One U.S. doctor has created an "antidote" to the Obamacare boondoggle

From Carpe Diem:
 
Here’s one market-based antidote to Obamacare that would bring health care costs down. Let’s hope this is a trend that spreads nationwide…
 
In direct response to the upcoming avalanche of regulatory burdens that Obamacare will impose on small private practices (already coming out at a rate of several pages per week), a doctor in Maine – Dr. Michael Ciampi – has adopted a new business model for his medical practice: he no longer accepts Medicare, Medicaid, insurance, or any kind of third-party payment.
 
He expects cash payments at the time of service, just like you would pay to have your car serviced at your garage or car dealer, but he’s been able to offer transparent and deeply discounted prices at 50% below his previous rates because his costs for paperwork and overhead are now so much lower.
 
Dr. Ciampi commented in the video that accompanies the news article that "I no longer work for insurance companies or the government, I work for patients. And to be honest, if more people did this we’d see…
 
 
More on Obamacare:
 
 
 

Thursday, May 30th, 2013 Invest, News, Wealth Comments Off on One U.S. doctor has created an "antidote" to the Obamacare boondoggle

New infographic released about Gold IRA investing – Examiner.com

New infographic released about Gold IRA investing
Examiner.com
If you want to learn more about gold, check out the infographic that was released by Review Bank. According to a press released made by Email Wire on May 27, this infographic has been released to provide the information needed to invest in a gold IRA

Thursday, May 30th, 2013 Invest, News, Wealth Comments Off on New infographic released about Gold IRA investing – Examiner.com

Has the Gold Bull Market Hit a Snag? Tobias Tretter Says No

May 29, 2013 (Investorideas.com Mining stocks newswire) Interest rates will be low for a long time, predicts Commodity Capital Global Mining Fund Manager Tobias Tretter.

Thursday, May 30th, 2013 News Comments Off on Has the Gold Bull Market Hit a Snag? Tobias Tretter Says No

Go South Young Man; The Pacific Alliance Presents A New Frontier of Investment Opportunities at Alianza del Pacifico, Cali, Columbia

Point Roberts, WA – May 29, 2013 (Investorideas.com Mining stocks newswire) Dawn Van Zant of Investorideas.com. Investorideas.com, an investor research portal specializing in sector research for independent reports on the recent Alianza del Pacifico conference held in Cali, Columbia May 23rd and a snapshot of Columbian gold stocks trading on the TSX.

Thursday, May 30th, 2013 News Comments Off on Go South Young Man; The Pacific Alliance Presents A New Frontier of Investment Opportunities at Alianza del Pacifico, Cali, Columbia

TSX Graphene Stock Alert: Lomiko (TSX-V: LMR), Graphene Labs and Stony Brook University Collaborate on Graphene Super-Capacitor and Next-Generation Battery Applications

VANCOUVER, BRITISH COLUMBIA and NEW YORK, NEW YORK – May 29, 2013 (Investorideas.com mining stocks newswire) LOMIKO METALS INC. (TSX VENTURE:LMR) (LMRMF) (DH8B.F) (Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) announces that the SUNY Research Foundation at Stony Brook University (RF), Graphene Laboratories, Inc. (Graphene Labs) and Lomiko Metals, Inc. have agreed to investigate novel, energy-focused applications for graphene.

Thursday, May 30th, 2013 News Comments Off on TSX Graphene Stock Alert: Lomiko (TSX-V: LMR), Graphene Labs and Stony Brook University Collaborate on Graphene Super-Capacitor and Next-Generation Battery Applications

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