Archive for May, 2014

What you need to know about the three biggest myths of capitalism

Capitalism.

These days it’s practically a dirty word.

But as regular Crux readers know, most of the popular criticisms just aren’t true.

For example, capitalism is often blamed for the recent financial crisis. After all,  it was greedy Wall Street bankers operating without government oversight that nearly brought down the economy… or so the story goes.

But the reality is much different.

Check out the short video below to get the real story on the three biggest myths about capitalism today…

 

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PULLBACK: The latest from the crisis in Ukraine

From Bloomberg:

Russia has pulled back most of its troops from the border with Ukraine, according to a U.S. defense official, as government forces continued a campaign to wipe out separatist rebels in the former Soviet Republic’s east.

A “majority of the Russian forces” have been withdrawn from the Ukrainian border, Rear Admiral John Kirby, a Pentagon spokesman, told reporters traveling to Singapore with U.S. Defense Secretary Chuck Hagel. About seven battalions of Russian troops, or “several thousands,” remain, he said. Russia’s withdrawal may be marred by a gas dispute. Talks with Ukraine in Berlin today won’t advance, Ukrainian First Deputy Energy Minister Yuri Zyukov said yesterday.

Russia is unfortunately now an “enemy,” Zyukov said in the Ukrainian capital. It “speaks in ultimatums,” he said, and the only solution to the natural gas standoff is likely to be arbitration.

Confirmation of Russia’s partial withdrawal emerged hours after separatist rebels downed a military helicopter in eastern Ukraine, killing a general and 13 troops. Ukrainian forces used aviation and artillery assets to “destroy” the rebel unit blamed in the attack, the Interior Ministry’s National Guard unit said in a statement.

‘National Catastrophe’

Pro-Russian insurgents killed one Ukrainian soldier and wounded two in an attack on a military vehicle near the city of Izyum, in the eastern Kharkiv region, the National Guard said on its website today.

The Organization for Security and Cooperation in Europe lost contact with a team of four monitors in the Luhansk region after it was stopped by armed men yesterday, the OSCE said in e-mailed statement. Another OSCE team was abducted on May 26.

The fighting since yesterday produced a new round of finger-pointing between the U.S. and Russia. The downing of the helicopter prompted a spokesman for U.S. President Barack Obama to blame “outside” assistance in providing weapons.

Ukrainian Defense Minister Mykhaylo Koval said today progress has been made clearing some areas of the eastern Donetsk and Luhansk regions of rebels. Russia demanded that Ukraine halt its “fratricidal war” and withdraw troops from the mainly Russian-speaking area after separatists, suffered the heaviest casualties in the fighting.

Gas Issues

The U.S. and other countries should use their influence to stop Ukraine from “sliding into a national catastrophe,” the Foreign Ministry in Moscow said on its website. The fighting had renewed questions about Russia’s pledge to pull back its troops from Ukraine’s borders.

The Russian RBC news service reported that the troop withdrawal had been halted, and that a significant amount of equipment remains near the border. The service cited an unidentified person in the army’s General Staff.

Igor Konashenkov, the Russian Defense Ministry spokesman, didn’t comment immediately on the RBC report by phone today.

Earlier yesterday, the press service of Ukraine’s border guards said Russia had reduced the number of soldiers stationed on its border with Ukraine to about 20,000 from about 50,000. The Russian troops were leaving behind military assets, suggesting they may return, the service said, without being more specific.

Russia and Ukraine remained at loggerheads over payments for natural gas as a compromise proposal from the European Union to try to prevent a disruption in fuel supply to the continent as soon as next week failed to elicit support.

‘Outside’ Assistance

The battle over billions of dollars of payments for Russian gas from its former Soviet ally threatens deliveries of the fuel bound for the EU, about half of which transits through Ukraine. Similar rows over prices and debt between the two sides held up European supplies during freezing weather in 2006 and 2009.

Under the EU plan announced May 26 after earlier trilateral talks, Ukraine was to pay $2 billion of its gas debt by May 30 and $500 million more by June 7. If OAO Gazprom (GAZP) gets the first tranche, Russia’s gas exporter would then maintain deliveries without demanding payment in advance and begin talks on prices.

Insurgents used a shoulder-fired missile to shoot down an Mi-8 transport chopper amid heavy fighting in Slovyansk, 100 miles (160 kilometers) from the Russian border, Acting President Oleksandr Turchynov said yesterday.

‘Russia’s Goal’

“We are concerned that this indicates separatists continue to have access to advanced weaponry and other assistance from the outside,” White House spokesman Jay Carney told reporters in Washington.

U.S. Secretary of State John Kerry, in a phone call with Russian Foreign Minister Sergei Lavrov, raised concerns about foreign fighters crossing the border from Russia, particularly reports of the involvement of Chechens, according to the State Department. Kerry pressed Lavrov to “end all support for separatists, denounce their actions, and call on them to lay down their arms,” department spokeswoman Jen Psaki said.

Ukrainian President-elect Petro Poroshenko has vowed to wipe out the insurgents and re-establish order after winning office on May 25 with 54.7 percent of the vote. He’s faced with trying to stabilize an economy that the European Bank for Reconstruction and Development expects will shrink 7 percent this year, while reclaiming swaths of territory captured by pro-Russian militias.

 

More on Ukraine:

The real story on the “de-escalation” in Ukraine

Controversial report reveals Vladimir Putin’s real reasons for invading Ukraine

How the Ukrainian crisis could be creating a real-life Tony Stark

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Attention energy investors: This “forgotten” country is shipping oil and gas again

From Pierce Points:

It’s amazing how fast we forget things.

And one important country has been particularly absent from the minds of petroleum observers the last few years. A nation that has considerable power over global export markets, but is today largely disregarded in the industry.

That’s Iran. A global-scale oil and gas producer – whose exports had temporarily disappeared from the worldwide market due to economic sanctions.

But we got an important reminder last week that Iran is still a critical supplier. And one that is once again on the rise.

Those numbers came from commodities specialists Platts. Who reported that Iran’s exports of natural gas liquids hit a high-point during May.

Estimates are that Iran shipped 317,000 tonnes of liquefied petroleum gas to Asia during the month.

Here’s why those numbers are important. This is the highest export volume seen since sanctions against Iran were lifted in May 2013. Suggesting that global buyers are ramping up purchases here.

That represents a major, and largely forgotten, source of supply returning to the market. Iran had been sanctioned since July 2012. Meaning that the country’s petroleum exports had dwindled over the last two years. For some commodities, shipments had dropped to almost nothing.

But the new data show us that Iran is back–and as important as ever. Buyers from key markets like China, South Korea and Southeast Asia have all been reportedly stepping up their buying here now that shipping restrictions have been lifted.

This is critical to keep in mind for energy investors. Up until now, the market has been functioning largely without Iranian supply of oil, natural gas and liquids. The return of this significant producer could thus change the global supply-demand balance

Effects could be significant, given the potential scale of Iran’s output. If you’re an energy investor, this is a critical spot to keep an eye on.

 

More on Iran:

Contrarians only: A “left-for-dead” energy opportunity with incredible upside today

Matt Badiali: A huge problem with “green” energy could soon disappear

Casey Research: This could be the biggest oil news of the year

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Top trader: It’s official… Wall Street’s fear gauge is now flashing “SELL”

From Jeff Clark, editor, S&A Short Report:

It’s time to head for the exits.

In April, we bought stocks in anticipation of a short-term rally. If you followed my recommendation to buy, you’re sitting on solid gains.

But now, the Volatility Index (the “VIX”) is signaling it’s time for us to sell and take profits.

Let me explain…

The VIX is Wall Street’s fear gauge and an excellent contrary indicator. We buy when the VIX makes an extreme move to the upside (when people are scared). We sell when the VIX makes an extreme move to the downside (when people are complacent).

Take a look at this chart of the VIX plotted along with its Bollinger Bands…

The red circles on the chart indicate times when the VIX fell below its lower Bollinger Band and then closed back above it. Those are “sell” signals.

As you can see, we got a new “sell” signal on Tuesday.

Up until Tuesday, there had only been two over the past year. Each one was followed by a modest decline in the S&P 500 of 2%-5%.

So this isn’t the time to be looking at buying a bunch of new long positions. The stock market is extended to the upside and is ripe for a pullback. So it’s time to take profits on our trade and move to the sidelines.

But this also isn’t yet the time to be aggressively putting on short trades. We will likely see a pullback in the broad stock market over the next several sessions. So having some exposure to the downside makes sense.

But I can’t make a strong argument for loading up on short positions just yet.

The S&P 500 rallied to a new all-time high Tuesday. The momentum is still on the side of the bulls. The index needs to fall and then bounce to form a lower high before we can get bearish.

Don’t get me wrong… the stock market is extended and set up for a pullback. Aggressive traders can try to profit on a sharp, quick move to the downside. But the declines following the two previous VIX sell signals were too mild to produce large, intermediate-term gains on the downside. I’m not convinced the current setup will be any different.

So for now, it’s best to move to the sidelines and wait and see how this “sell” signal plays out.

 

More on stocks:

Top market analyst: The risk is “quite high” in stocks right now

These could be the two most important charts for the stock market now

Watch for this sign the rally in stocks is over

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New report shows NBC “censored” three minutes of Edward Snowden’s primetime interview. Here’s why…

From Mikael Thalen for Infowars.com:

Statements made by NSA whistleblower Edward Snowden regarding the 9/11 terror attacks were edited out of his NBC Nightly News interview with Brian Williams Wednesday in what appears to be an attempt to bolster legitimacy for the agency’s controversial surveillance programs.

Snowden’s comments surrounding the failure of dragnet surveillance in stopping the 9/11 attacks were censored from the prime time broadcast and instead buried in an hour long clip on NBC’s website.

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“You know this is a key question that the 9/11 commission considered, and what they found in the postmortem when they looked at all the classified intelligence from all the different intelligence agencies, they found that we had all of the information we needed as an intelligence community, as a classified sector, as the national defense of the United States, to detect this plot,” Snowden said.

“We actually had records of the phone calls from the United States and out. The CIA knew who these guys were. The problem was not that we weren’t collecting information, it wasn’t that we didn’t have enough dots, it wasn’t that we didn’t have a haystack, it was that we did not understand the haystack that we had.”

NBC’s decision to bury Snowden’s comments are unsurprising given the fact that the 9/11 attacks are exhaustively used by the federal government as the prime justification for surveilling millions of innocent Americans. Snowden remarked on the government’s prior knowledge of the accused Boston bombers as well, also cut from the prime time interview.

‘If we’re missing things like the Boston Marathon bombings where all of these mass-surveillance systems, every domestic dragnet in the world, didn’t reveal guys that the Russian intelligence service told us about by name, is that really the best way to protect our country or are we trying to throw money at a magic solution that’s actually not just costing us our safety, but our rights and our way of life,” Snowden said.

Despite countless government officials pointing to 9/11 foreknowledge, whether missed or ignored, establishment media outlets have continually worked to keep such voices out of relevant reporting.

Former NSA senior executive turned whistleblower Thomas Drake, who revealed unconstitutional surveillance programs targeting Americans in 2005, has repeatedly commented on NSA intelligence that would have “undoubtedly” stopped the 9/11 attacks.

“The NSA had critical intelligence about Al Qaeda and associated movements in particular that had never been properly shared outside of NSA,” Drake said in a recent interview. “They simply did not share critical intelligence although they had it.”

In a January letter to President Obama, Drake and fellow whistleblowers William Binney, Edward Loomis, and Kirk Wiebe not only detailed the agency’s foreknowledge, but the ensuing cover-up as well.

“The sadder reality, Mr. President, is that NSA itself had enough information to prevent 9/11, but chose to sit on it rather than share it with the FBI or CIA. We know; we were there,” the letter reads. “We were witness to the many bureaucratic indignities that made NSA at least as culpable for pre-9/11 failures as are other U.S. intelligence agencies.”

Outside of the NSA, countless intelligence officials have also commented on 9/11 foreknowledge and the federal government’s attempts to stifle any investigation into negligence and wrongdoing.

Former senior intelligence officer Lt. Col Anthony Shaffer, who attempted to inform the government after identifying the two terrorist cells later charged for the 9/11 attacks in 2000 during Operation Able Danger, was attacked and demonized by the Defense Intelligence Agency after informing Congress of the agency’s refusal to act.

“I had no intention of joining the ranks of ‘whistle blowers,’” Shaffer said in 2009. “When I made my disclosure to the 9/11 commission regarding the existence of a pre 9/11 offensive counter-terrorism operation that had discovered several of the 9/11 terrorists a full year before the 9/11 attacks my intention was to simply tell the truth, and fulfill my oath of office.”

Former FBI wiretap translator Sibel Edmonds, who had access to top-secret communications, told reporters in 2004 that the FBI had detailed 9/11 foreknowledge that specifically mentioned a terrorist attack involving airplanes.

“We should have had orange or red-type of alert in June or July of 2001. There was that much information available,” Edmonds told Salon. “There was specific information about use of airplanes, that an attack was on the way two or three months beforehand and that several people were already in the country by May of 2001. They should’ve alerted the people to the threat we’re facing.”

According to Edmonds, after the 9/11 attacks, FBI supervisors ordered translators to “work slowly” in order to ensure that the agency would get larger funding the next year.

The vast number of whistleblowers in the intelligence community not only gives credence to Snowden’s comments, but also exemplifies the NSA’s illegitimate growth since 9/11.

In a desperate attempt to gain the moral high ground, Secretary of State John Kerry claimed Snowden had aided terrorists during an interview on “Good Morning America” Wednesday despite having absolutely no evidence to support his accusation.

Despite the fact that the NSA leaks have proven the agency to be involved in issues unrelated to national security, such as economic espionage, the claim of using mass surveillance to stop terrorism deteriorates even further in light of recent decisions by the Obama Administration.

In 2013, President Obama waived a federal law designed to prevent the U.S. from arming terrorists in order to provide military support to the “Syrian rebels.” Even with Syrian Revolutionary Front leader Jamal Maarouf admitting that his fighters work alongside the Al-Qaeda aligned Jabhat al-Nusra, the Obama Administration has continued its unflinching support.

The president’s support of Al-Qaeda was so transparent during the Libyan overthrow that former Democratic Congressman Dennis Kucinich publicly questioned why the U.S.-backed “Libyan rebels” had placed an Al Qaeda flag over the top of the courthouse in Benghazi.

Whether it be issuing fake terror alerts, creating domestic terror plots or allowing them to take place, the national security state will undoubtedly do whatever it can to continue its unabated growth towards total information awareness.

 

More on gov’t spying:

Security expert reveals: What I’ve been afraid to tell people about gov’t spying

Want to know if the gov’t has been spying on you? Read this…

Top journalist Greenwald: Illegal gov’t spying is so much worse than you know

Saturday, May 31st, 2014 Invest, News, Wealth Comments Off on New report shows NBC “censored” three minutes of Edward Snowden’s primetime interview. Here’s why…

The real story on Russia and China’s "Holy Grail" gas deal could be much, much bigger

By Marin Katusa, Chief Energy Investment Strategist, Casey Research:

The mainstream media are falling over themselves talking about Russia’s just-signed “Holy Grail” gas deal with China, which is expected to be worth more than $400 billion. But here’s what I think the real news is… and nobody’s talking about it—until now, that is.

China’s President Xi Jinping has publicly stated that it’s time for a new model of security, not just for China, but for all of Asia. This new model of security, otherwise known as “the new UN,” will include Russia and Iran, but not the United States or the EU-28.

This monumental gas deal with China does so much more for Russia than the Western media are reporting. First off, it opens up Russian oil and gas supplies to all of Asia.

It’s no coincidence that Russian President Putin announced the gas deal with China at a time when the tensions with the West over Ukraine were growing. Putin has US President Obama exactly where he wants him, and it’s only going to get worse for Europe and America.

But before I explain why that is, let’s put this deal in terms we can understand. The specific details have not been announced, but my sources tell me that the contract will bring in over US$10 billion a year of revenue to start with. The 30-year deal states that every year, the Russians will deliver 1.3 trillion cubic feet (TCF) of gas to China. The total capital expenditure to build the pipeline and all other infrastructure for the project will be more than $22 billion—this will be one of the largest projects in the world.

You can bet the Russians won’t take payment in US dollars for their gas. This is the beginning of the end for the petrodollar.

The Chinese and Russians are working together against the Americans, and there are many countries that would be happy to join them in dethroning the US dollar as the world’s reserve currency. This historic gas deal between Russia and China is very bad news for the petrodollar.

Through this one deal, the Russians will provide about 25% of China’s current natural gas demand. In a word, this is huge.

It’s also not a coincidence that Putin sealed the deal with China before the Australian, US, and Canadian liquefied natural gas (LNG) terminals are completed. If you read our recent Casey Energy Report issue on LNG, you know to be wary of the hype about LNG’s “bright future.” Take note: this deal is a serious negative for the global LNG projects.

I also stated in our April 2012 newsletter:

Putin has positioned Russia to play an increasingly dominant role in the global gas scene with two general strategies: first, by building new pipelines to avoid transiting troublesome countries and to develop Russia’s ability to sell gas to Asia, and second, by jumping into the liquefied natural gas (LNG) scene with new facilities in the Far East.

Pretty bang on for a comment that was made over two years ago in print, don’t you think?

So, what’s next? Lots.

Putin will continue to outsmart Obama. (Note to all Americans: the Russians make fun of you—not just for your poor choice of presidents, but also for your failed foreign policy that has led to most of the world hating America. But I digress.)

You will see Russia announce a major nuclear deal with Iran, where the Russians will build, finance, and supply the uranium for many nuclear reactors. The Russians will do the same for China, and then Syria.

With China signing the natural gas deal with Russia and the president of China publicly stating that it’s time to create a new security model for the Asian nations that includes Russia and Iran, it’s clear China has chosen Russia over the US.

We are now in the early stages of the Colder War.

The European Union will be the first victim. The EU is completely dependent on Russia for its oil and natural gas imports—over one-third of the EU-28’s supply of oil and natural gas comes from Russia.

I’ve been writing for years about this, and I’m watching it come true right now: the only way out for the EU countries is to use modern North American technology to revitalize their old proven oil and gas deposits. I call it the European Energy Renaissance, and there’s a fortune to be made from it.

Our Casey Energy Report portfolio has already been doing quite well from investing in the European Energy Renaissance, but this is only the beginning. If Europe is to survive the Colder War, it has no choice but to develop its own natural resources. There are naysayers who claim that Europe cannot and will not do that, for many reasons. I say rubbish.

Of course, to make money from this European dilemma, it’s imperative to only invest in the best management teams, operating in those countries with the political will to do what it takes to survive… but if you do, you could make a fortune. Doug Casey and I plan on doing so, and so should you.

For example, two weeks ago in this missive, I discussed “The Most Anticipated Oil Well of 2014,” where if you invested, in just two weeks you could be up over 40%. Not only did I write in great detail about the company, I even interviewed the CEO because of the serious potential this high-risk junior holds.

I said in that Dispatch that the quality of the recorded interview wasn’t first class, but the quality of information was. The company just put together a very high-quality, professional video showing its potential, and I include it here for all to watch.

Since my write-up, the company has announced incredible news. It’s only months away now from knowing whether or not it has made a world-class discovery. Subscribers to the Casey Energy Report are already sitting on some good, short-term profits with this story, but it keeps getting better.

The more the tension is building in Ukraine (and it’s going to get worse), the more money we’re going to make from the Colder War. There’s nothing you can do about the current geopolitical situation, but you can position yourself and your family to benefit financially from the European Energy Renaissance.

Now You Can Take the Lead… We Make It Simple

We expect great things from this company and other companies that are exposed to the European Energy Renaissance. You can read our ongoing guidance on this and our other top energy stocks every month in the Casey Energy Report. In the current issue, for example, you’ll find an in-depth report on the coal sector, uranium, and updates on all of our portfolio companies that are poised to benefit most from the European Energy Renaissance.

There’s no risk in trying it: If you don’t like the Casey Energy Report or don’t make any money within your first three months, just cancel within that time for a full, prompt refund. Even if you miss the cutoff, you can cancel anytime for a prorated refund on the unused part of your subscription. You don’t have to travel 300+ days a year to discover the best energy investments in the world—we do it for you. Click here to get started.

 

More on the energy sector:

Forget about the Keystone XL… Obama’s “secret pipeline” is a much bigger deal

It’s official: Russia and China agree to long-awaited “Holy Grail” gas deal

What this “holy grail” of a gas deal means for U.S. supremacy

Saturday, May 31st, 2014 Invest, News, Wealth Comments Off on The real story on Russia and China’s "Holy Grail" gas deal could be much, much bigger

How to make money in commodities today

From Sean Goldsmith in The S&A Digest:

We just arrived in Dallas to prepare for our Stansberry Society natural resources conference taking place on Saturday, May 31.

Some members from the team are heading to T. Boone Pickens’ office today to finalize the details for his appearance on Saturday – and pick up some goodies for our Stansberry Society attendees.

And we’re also putting the finishing touches on Porter’s big reveal Saturday morning. We can’t give any details about this… We’re not even telling S&A employees what Porter is planning. But I can say, without a doubt, it’s the most outrageous thing he’s ever devised… If you’re joining us in Dallas, you’re in for a treat.

Because we have so much happening on the ground here, today’s Digest will be brief. We look forward to seeing the nearly 600 attendees on Saturday.

And if you’re unable to join us in person, read to the end of today’s Digest to learn how you can still watch all the action live – including Porter’s big reveal – from the convenience of your home.

In the March issue of the S&A Resource Report, Matt Badiali told his subscribers about an important phone call he received…

“Matt, it’s going to happen again. Enduring is getting ready to sell…”

On February 20, a geologist friend of mine called to tell me one of the best shale developers in the country, Enduring Resources, was quietly selling off its assets in West Texas’ Permian Basin.

Four years ago, we had a similar situation with the Eagle Ford Shale in southern Texas. The “sweet spot” of the Eagle Ford was the Hawkville Field. Leases in that area were expensive and popular, because it was already proven. So Enduring leased ground wells to the north of this area.

They got in cheaply because it was far from Hawkville. Enduring’s geologists understood the rocks. They realized that the shale trend would run directly through their land leases… and it did.

Mid-tier oil company Talisman Resources and partner Statoil bought Enduring’s Eagle Ford acreage for $1.33 billion. That works out to $13,600 per acre, a 36% increase over the price Talisman paid for another Eagle Ford acreage just a year earlier. The Enduring deal became one of the benchmarks to value Eagle Ford land. After that, more and more companies moved into the Eagle Ford. And it’s now one of the most prolific shales in America.

Matt’s industry contact expected Enduring’s Permian asset sale to happen by the summer. As part of the sale, Enduring would release the data from the region. Insiders believed the oil volumes in the rock would shock the industry and mark the beginning of a huge growth play in the Permian.

Last month, rumors started swirling that Enduring was looking to sell itself for $2 billion. Bloomberg reported the company hired investment bank Jeffries to explore a deal. No parties would comment.

Less than three weeks ago, Reuters reported that former Chesapeake Energy CEO Aubrey McClendon was leading an investor group to buy Enduring for $2 billion. Again, no parties would comment…

But Matt and his inside sources think that number is too low… They think the $2 billion figure is just for Enduring’s Permian production.

Regardless, it’s a major deal for the Permian. And it’s a testament to the “boots on the ground” research we provide our subscribers here at S&A, who knew about the potential for this major deal a full month ahead of Wall Street and the mainstream media.

And subscribers who followed Matt’s advice and bought the recommendations in his March issue are already sitting on healthy gains. Matt’s picks are up an average of 12% in seven weeks, and his top recommendation is up 41% in less than three months.

Matt plans to update everyone on this situation, and he’ll share ways to profit from the growth of the Permian and other U.S. shale developments in Dallas.

Small Stock Specialist editor Frank Curzio sent along another tidbit showing that things are heating up in oil and gas…

Harold Hamm, CEO of oil giant Continental Resources, bought more than 42,000 of his firm’s shares last week for approximately $5.7 million. The stock is trading near its all-time highs.

Hamm is worth more than $10 billion… But it’s still a large, bullish bet on his company.

While the shale gas market is on fire, there are still plenty of unloved commodities today.

Natural resources expert Rick Rule, CEO of investment firm Sprott U.S. Holdings, likes to buy commodities that are so cheap that they have to go higher. You do this by buying commodities when they’re selling for less than their production costs… As long as the world needs that commodity, the price has to go up eventually.

And today, we have that situation with uranium. We wrote about the opportunity in yesterday’s [essay]

According to Rick, it costs about $70 a pound to produce uranium right now… But it’s selling for under $30 a pound. As Rick likes to say, they’re losing $40 a pound and “trying to make it up on volume.” 

Uranium got crushed following the disaster at the Fukushima nuclear plant in March 2011. Most of the world shunned nuclear power. Physical uranium and uranium stocks plummeted. Giant Canadian producer Cameco (CCJ), for example, dropped more than 60% from its 2011 peak.

The price of uranium fell from almost $73 a pound in 2011 to $28 a pound today. The price of uranium has fallen over 20% just this year… And that’s from already depressed prices.

But the world needs uranium… It provides 16% of our power. And when people flip a switch, they expect the lights to go on.

Rick will also discuss some other commodities he thinks are screaming buys on Saturday at our Stansberry Society event in Dallas.

If you happen to live in Dallas, we’ll be selling tickets to the event at the door. You can learn more about the event at www.stansberrydallas.com.

The event is [tomorrow], and we know most of you can’t make the trip at this point… But we don’t want you to miss out on the valuable information that our presenters – like T. Boone Pickens, Matt Badiali, and Rick Rule – will share.

That’s why we’re live-streaming the entire event online… You can catch every presentation, including Porter’s huge surprise, from the convenience of your home. And if you sign up for online access to Dallas, we’re offering FREE access to our events in Los Angeles and Nashville later this year.

You can register for our LIVE online event by clicking here.

 

More on commodities:

Seven surprising facts about one of the world’s most important commodities

This “left-for-dead” commodity is virtually guaranteed to go higher now. Here’s why…

Porter Stansberry: Two critical lessons every commodities investor must know now

Saturday, May 31st, 2014 Invest, News, Wealth Comments Off on How to make money in commodities today

Top fund manager: These investments could “blow up” the industry

From Bloomberg:

BlackRock Inc. (BLK)’s Laurence D. Fink, who oversees the world’s biggest exchange-traded fund lineup, said leveraged ETFs are a structural problem and have the potential to “blow up” the industry.

“BlackRock would never do a leveraged ETF,” Fink said in a question-and-answer session with Deutsche Bank AG co-chairman Anshu Jain today in New York. Fink said he doesn’t understand why the U.S. Securities and Exchange Commission allows them to operate.

ETFs, which have turned into one of the most popular investing vehicles over the past decade, have become increasingly complex as firms try to appeal to a more diverse base of investors. While the majority of ETFs mimic indexes, leveraged versions use swaps or derivatives to try to amplify daily index returns. Leveraged and inverse ETFs have come under scrutiny over several issues since 2009, the year the SEC warned brokers and investors that the vehicles weren’t appropriate for long-term investors.

Fink said today that products with embedded leverage should be supervised. Regulators should focus their efforts on products instead of the amount of assets managed when seeking to reduce risk in the financial system, he said. BlackRock is among large money managers that has been lobbying regulators and lawmakers to avoid being labeled a systemically important financial institution, or SIFI.

“We still need a safer and sounder market,” he said.

ETF Scrutiny

The SEC examined whether ETFs contributed to equity-market volatility in 2010 and the 8.6 percent intraday plunge in the Standard & Poor’s 500 stock index on May 6, 2010, known as the “flash crash.” The International Monetary Fund has said that European ETFs that generate returns through derivatives, “synthetic” ETFs, add a layer of complexity and risk to financial markets.

BlackRock, which owns the iShares family of exchange-traded products, has proposed that regulators enforce a new categorization regime with clearer labeling and risk disclosures to help individual investors. In 2011, Fink compared the development of hard-to-understand ETFs to financial engineering in the mortgage-backed securities market, which played a key role in the 2008 financial crisis.

BlackRock is the world’s biggest investment firm, with $4.4 trillion under management in everything from open-end mutual funds to private hedge funds.

 

More on ETFs:

A new ETF you should stay far, far away from

This could be the most dangerous ETF in the world right now

This could be everything you’ll ever need to know about ETFs

Saturday, May 31st, 2014 Invest, News, Wealth Comments Off on Top fund manager: These investments could “blow up” the industry

Gov’t INSANITY: You may not believe what “global warming” is being blamed for now

From Kit Daniels for Inforwars.com:

In complete contrast to the claims of “global warming,” Lake Superior has experienced the highest concentration of ice in late May since modern satellite records began in 1980 and the ice coverage may even be the highest since at least 1897.

In comparison, reconstructed past records on the largest of the Great Lakes of North America show that ice coverage for May is typically far, far less and ice is almost unheard of for June, which is fast approaching.

The records also indicate that average April ice coverage for Lake Superior is usually 17%, but the lake was covered nearly 60% in ice last month.

None of these facts, of course, fit into the “global warming” rhetoric promoted by the White House, which has since rebranded “global warming” as “climate disruption” in an attempt to spin this year’s record cold weather into its carbon tax agenda.

It's almost June, and the ice is still lingering on Lake Superior. Check out our gallery here: http://t.co/mM8fJBga28 pic.twitter.com/n213RiT448

— WOOD TV (@WOODTV) May 28, 2014

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“A growing body of evidence suggests that the extreme cold being experienced by much of the United States as we speak is a pattern that we can expect to see with increasing frequency as global warming continues,” claimed Obama science czar John P. Holdren, who advocated the formation of a global police force that would enforce totalitarian measures for social control in his 1977 book Ecoscience.

It should be no surprise that someone who would advocate a planetary regime would also advocate the expansion of governments around the world in order to combat so-called “global warming.”

This strategy was laid out in The Report from Iron Mountain, a 1966 think tank study written by government analysts no different than Holdren who explored the ways a government could perpetuate itself in power while preventing its citizens from rebelling.

“Roughly speaking, the presumed power of the ‘enemy’ sufficient to warrant an individual sense of allegiance to a society [government] must be proportionate to the size and complexity of the society,” the report stated. “Today, of course, that power must be one of unprecedented magnitude and frightfulness.”

The report suggested that a suitable candidate for that enemy, the global threat, was the environmental-pollution model, of which “global warming,” or “climate disruption,” fits right into.

“This was viewed as the most likely to succeed because it could be related to observable conditions such as smog and water pollution – in other words, it would be based partly on fact and, therefore, be credible,” G. Edward Griffin wrote in his book The Creature from Jekyll Island. “Predictions could be made showing end-of-earth scenarios just as horrible as atomic warfare.”

“Accuracy in these predictions would not be important; their purpose would be to frighten, not inform.”

And the recent “global warming” predictions pushed by the White House can be described as fear mongering to say the least.

Just last week, Secretary of State John Kerry warned graduates of Boston College that they have utter annihilation to look forward to if they don’t take “climate change” more seriously.

“And I know its hard to feel the urgency as we sit here on an absolutely beautiful morning in Boston,” he said. “You might not see climate change as an immediate threat to your job, your communities or your families.”

“But let me tell you, it is.”

And on Monday, Prince Charles, who shares many of the same views as the Obama administration, suggested that capitalism must end as we know it in order to stop the “dangerously accelerating climate change” that would “bring us to our own destruction.”

Such rhetoric has already increased anxiety levels across the board for children who are now afraid the planet is doomed due to “climate disruption” and populations around the world are being told that “climate change” will displace millions of people, increase violent crimes and rapes and wipe trillions from world economies.

“The masses would more willingly accept a falling standard of living, tax increases and bureaucratic intervention in their lives as simply ‘the price we must pay to save Mother Earth,” Griffin added. “A massive battle against death and destruction from global pollution [such as global warming] possibly could replace war as justification for social control.”

 

More on “global warming”:

New peer-reviewed research the “global warming” alarmists don’t want you to see

Today’s entertainment: An update on Al Gore’s insane “global warming” predictions

Must-see NASA satellite image destroys global warming myth

Saturday, May 31st, 2014 Invest, News, Wealth Comments Off on Gov’t INSANITY: You may not believe what “global warming” is being blamed for now

You may not believe what "global warming" is being blamed for now

From Kit Daniels for Inforwars.com:

In complete contrast to the claims of “global warming,” Lake Superior has experienced the highest concentration of ice in late May since modern satellite records began in 1980 and the ice coverage may even be the highest since at least 1897.

In comparison, reconstructed past records on the largest of the Great Lakes of North America show that ice coverage for May is typically far, far less and ice is almost unheard of for June, which is fast approaching.

The records also indicate that average April ice coverage for Lake Superior is usually 17%, but the lake was covered nearly 60% in ice last month.

None of these facts, of course, fit into the “global warming” rhetoric promoted by the White House, which has since rebranded “global warming” as “climate disruption” in an attempt to spin this year’s record cold weather into its carbon tax agenda.

It's almost June, and the ice is still lingering on Lake Superior. Check out our gallery here: http://t.co/mM8fJBga28 pic.twitter.com/n213RiT448

— WOOD TV (@WOODTV) May 28, 2014

×





Like The Crux on Facebook

“A growing body of evidence suggests that the extreme cold being experienced by much of the United States as we speak is a pattern that we can expect to see with increasing frequency as global warming continues,” claimed Obama science czar John P. Holdren, who advocated the formation of a global police force that would enforce totalitarian measures for social control in his 1977 book Ecoscience.

It should be no surprise that someone who would advocate a planetary regime would also advocate the expansion of governments around the world in order to combat so-called “global warming.”

This strategy was laid out in The Report from Iron Mountain, a 1966 think tank study written by government analysts no different than Holdren who explored the ways a government could perpetuate itself in power while preventing its citizens from rebelling.

“Roughly speaking, the presumed power of the ‘enemy’ sufficient to warrant an individual sense of allegiance to a society [government] must be proportionate to the size and complexity of the society,” the report stated. “Today, of course, that power must be one of unprecedented magnitude and frightfulness.”

The report suggested that a suitable candidate for that enemy, the global threat, was the environmental-pollution model, of which “global warming,” or “climate disruption,” fits right into.

“This was viewed as the most likely to succeed because it could be related to observable conditions such as smog and water pollution – in other words, it would be based partly on fact and, therefore, be credible,” G. Edward Griffin wrote in his book The Creature from Jekyll Island. “Predictions could be made showing end-of-earth scenarios just as horrible as atomic warfare.”

“Accuracy in these predictions would not be important; their purpose would be to frighten, not inform.”

And the recent “global warming” predictions pushed by the White House can be described as fear mongering to say the least.

Just last week, Secretary of State John Kerry warned graduates of Boston College that they have utter annihilation to look forward to if they don’t take “climate change” more seriously.

“And I know its hard to feel the urgency as we sit here on an absolutely beautiful morning in Boston,” he said. “You might not see climate change as an immediate threat to your job, your communities or your families.”

“But let me tell you, it is.”

And on Monday, Prince Charles, who shares many of the same views as the Obama administration, suggested that capitalism must end as we know it in order to stop the “dangerously accelerating climate change” that would “bring us to our own destruction.”

Such rhetoric has already increased anxiety levels across the board for children who are now afraid the planet is doomed due to “climate disruption” and populations around the world are being told that “climate change” will displace millions of people, increase violent crimes and rapes and wipe trillions from world economies.

“The masses would more willingly accept a falling standard of living, tax increases and bureaucratic intervention in their lives as simply ‘the price we must pay to save Mother Earth,” Griffin added. “A massive battle against death and destruction from global pollution [such as global warming] possibly could replace war as justification for social control.”

 

More on “global warming”:

New peer-reviewed research the “global warming” alarmists don’t want you to see

Today’s entertainment: An update on Al Gore’s insane “global warming” predictions

Must-see NASA satellite image destroys global warming myth

Friday, May 30th, 2014 Invest, News, Wealth Comments Off on You may not believe what "global warming" is being blamed for now

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