Archive for December, 2014

Commodities review: The key resource sector takeaways from 2014

From The Gold Report: 

As natural resources bounced all over the charts in 2014, readers turned to the experts interviewed by The Gold Report for insights on what was driving these ups and downs, and how they could protect themselves—or, better yet, benefit—from the volatility. We combed through interviews with experts featured during the year, and offer some thoughts you might want to consider as you prepare for 2015.

Steven Hochberg, chief market analyst at Elliott Wave International, drew a record number of readers and comments with his chart showing a pending countertrend for gold. “Many indicators are confirming that we’re in the end stages of the rally that started in 2009. Sentiment is one. Sentiment tends to get very extreme at trend reversal points. It is extremely optimistic at highs and extremely pessimistic at lows. The bears shrink down to almost nothing when you’re coming into a rally high. Recently, the bear contingent shrank down to 13.3%, which was the lowest in 27 years.”

He concluded: “For the first time in three years, we were able to count a complete declining Elliott Wave pattern from gold’s 2011 high. We saw extremes in sentiment that suggested to us the start of an impending gold rally. I think that rally is in its very infancy right now. Ultimately, it’s going to carry gold higher. I think gold has upside potential from here.”

Shadowstats economist Walter “John” Williams also saw good news for gold in 2015 as part of his hyperinflation forecast for the coming year. “Fundamental economic activity as measured in areas such as retail sales, industrial production, housing starts, payroll numbers and the broadest measure of unemployment—all those numbers are going to deteriorate. The economy is going to head down as we get into reporting in early 2015. Along with that will come renewed expectations of action by the Federal Reserve to accommodate the financial system, particularly the banking system, and the combination of those factors will, I believe, help to trigger a massive decline in the U.S. dollar. As a result of that, we will see spikes in commodity prices, such as oil. We will see a flight to quality in areas such as the precious metals—gold and silver.”

Former Federal Reserve Chairman Alan Greenspan also lauded the prospects for gold during a presentation at the New Orleans Investment Conference. “Gold, and to a lesser extent silver, are the only major currencies that don’t require a third party credit guarantee. Gold is inbred in human nature. Gold is special. For more than two millennia, gold has had virtually unquestioned acceptance as payment to discharge an obligation. Remember, Germany could not import any goods in the last part of World War II unless it paid in gold.

“Today, China is beginning to convert part of its $4 trillion ($4T) foreign exchange reserve into gold as a partial diversification out of the dollar. Irrespective of whether the yuan is convertible into gold, the status of the Chinese currency could take on unexpected strength in today’s fiat money, floating international financial system. It would be a gamble for China to try to buy enough gold bullion to displace the United States’ $328 billion of gold reserves as the world’s largest holder of monetary gold. But the cost of being wrong, in terms of lost interest and cost of storage, would be quite modest. If China embarks on a gold accumulation program, global gold prices will rise, but only during the period of accumulation.”

Joe Foster, fund manager at Van Eck Associates, had a global perspective on the source of downward pressure on the commodities in 2014. “At the beginning of the year, gold was being driven by risk concerns. Investors started worrying about risk when we saw problems in emerging markets like Thailand, Turkey and, eventually, Ukraine. The Chinese economy seemed to be slowing down. It was less of a supply-demand story and more one of people looking at gold as a safe haven and a hedge against some of the risks in the world.”

He updated his thoughts in a December note to readers with these insights: “Gold companies are in a better position to operate given lower prices; any significant cut in mining production does not appear imminent. With the stability of the global financial system in question, we believe gold and gold shares may help investors diversify portfolios and preserve value if tail risk becomes a reality.”

Jason Mayer, portfolio manager for the Sprott Resource Class Fund, observed in September that “Investors have been reacting in fits and starts, and everyone is still very cautious. I track a number of funds, and I watch how they perform on a day-to-day basis. What I have found interesting is that a number of resource funds in Canada continue to be underweight, particularly in gold equities. I notice they underperform on days that gold stocks have good moves. The generalists out there among the institutional money have little to no presence in various gold equities. For the most part, people have abandoned the space.” He predicted that before investors return, they will want to see some upward trajectory. “I don’t know if it’s going to be a couple of data points that confirm the arrival of an inflationary environment, or the cessation of this disinflationary environment that we’ve been in since 2009.”

Harry Dent, editor of Economy & Markets and Boom and Bust newsletters and author of “The Demographic Cliff,” shared his simple strategy for surviving withdrawals from markets on crack. He advised readers to get liquid. “I think gold is extremely oversold right now. People are very bearish on it after the recent fall, but this isn’t the time to panic and sell. It is due for a bounce back up to $1,300/oz or even $1,400/oz. That would be the time to lighten up before it goes down again.”

Chen Lin, author of What is Chen Buying? What is Chen Selling? newsletter, is also busy doing his homework so he is ready when the market turns, something he sees as inevitable. In the meantime he is focusing on companies that can actually make money at $1,000/oz gold. “One thing for sure is that I sleep well at night holding companies that can flourish even at $1,000/oz. And when the bottom happens, companies with cash will be able to buy out the overleveraged companies,” he said.

Bob Moriarty, founder of 321.gold.com, called the current volatility in October when he said: “There is a flock of black swans overhead, any one of which could be catastrophic. The fundamental problems with the world’s debt crisis and banking crisis have never been solved. The fundamental issues with the euro have never been solved. The world is a lot closer to the edge of the cliff today than it was back in February.” He had some sheltering advice: “The U.S. Dollar Index got irrationally exuberant, and it’s due for a crash. When it crashes, it’s going to take the stock market with it and perhaps the bond market. If you see QE increase, head for your bunker.”

As far back as March, Sprott US Holdings CEO Rick Rule warned about a bumpy ride ahead. “My suspicion is that we have put in lows in the precious metals and they will trade higher, but not straight up. The gains will need to be consolidated. It will be volatile on the way up. The long-term thesis has a lot to do with the increasing ability of the bottom of the demographic pyramid to increase its standard of living, which involves more commodities. I’d say that the great unsung hero of a rebound in the fortune of commodity producers has been the increasingly constrained supply of resources. The demand side on resources has been very slow because this recovery in the West has been a false, paper recovery. It hasn’t been accompanied by capital spending or jobs. It’s an interest rate-led recovery with flat auto sales and home starts.”

On the critical metals front, Simon Moores, manager of data for Industrial Minerals, was optimistic because of the possible impact a Tesla battery Gigafactory could have on demand for graphite, lithium, and cobalt, perhaps even copper and aluminum. “Should Tesla choose to use natural flake graphite, the demand for battery-grade material could go up 154%,” he said. He advised forward thinking. “If we look at the history of graphite prices, or any commodity for that matter, it’s in the times of inactivity that we should be preparing for the next boom. We should try to see where new demand is coming from and identify any supply issues. But most people don’t. They usually only act once there’s an issue, not before.”

Adrian Day Asset Management founder Adrian Day tried to put the gold price in perspective. “Let’s not forget where the price of gold was a decade ago: $250/oz. It has done very well to be stuck at $1,200/oz. The number one thing for gold is the dollar, particularly in the near term. The dollar has to turn. Several Fed officials are now expressing concern about the strength of the dollar. If we see several weak economic reports in the next few months, the Fed is going to make noises about continuing to ease. That would push the dollar down and push up the price of gold.”

Silver-Investor.com Editor David Morgan got more personal with his advice in October. He pointed out that he is grateful that he is part of the small minority of people on earth who have a portfolio to worry about. “Money is important, but it needs to be put in the proper place. There is more to life than how much money you can make. Nature preaches balance and when things get out of balance, it has a way of bringing them back into equilibrium. This is most evident in the natural resource sector. We’re acting as if the earth is income rather than capital. The result is that we are using up our base capital in the form of forests and water and metal and not replacing them. That is unsustainable. I’m afraid we are going to pay a high price for that. We need to live within our means rather than getting all we can. It’s more about what you can contribute, maintain and sustain than who has the most toys.”

Streetwise Reports/The Gold Report’s goal is to provide you with innovative, high quality investing ideas from the top minds in the natural resources space.

Starting in January, The Gold Report will roll out new features focusing on more investing insights, expanded company information and new expert perspectives.


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Wednesday, December 31st, 2014 Invest, News, Wealth Comments Off on Commodities review: The key resource sector takeaways from 2014

Trader alert: This chart could predict oil’s next move

From Tom McClellan’s Chart in Focus:

With oil prices having been cut in half over the past 6 months, many analysts are forecasting what this means for the economy, for jobs, for consumer spending, etc. But what I find interesting is the exact nature of the decline itself, and its resemblance to another recent decline in gold prices.

We have to go back to 1986 to find a similar decline in oil prices. There admittedly was a huge decline in 2008, from $145 down to $37 in just 8 months, but it came as the result of the pricking of a huge commodities bubble. There was also a huge decline in 1990-91, when Saddam Hussein spiked oil prices up to $40/barrel after he annexed Kuwait, and then prices crashed back down to $18. Each of those declines was from a price top that was way above prior levels.

But in 1986, there was a decline from a horizontal price structure, when the Saudis abandoned OPEC oil quotas. That decline was much like what we have just seen in 2014, also coming on Saudi action, and out of a flat price structure. And perhaps more interestingly, in 2013 there was another big decline from a flat structure, but not in oil prices. That 2013 decline was in gold prices, as shown in the top chart above.

The magnitude and the urgency of the price declines in gold and oil are similar, which made it reasonable for me to look at their patterns to see if there are other resemblances. Indeed there are, although the patterns do not really fall into step until around the July 2013 point in oil’s price history. That equates to the January 2012 price bottom for gold prices. Stating it more simply: Oil is now doing what gold was doing 18 months before.

The correlation has not always existed. The two patterns seem to have fallen into step together beginning around July 2013. Before then, the correlation was almost detectable, but not nearly as good as it came to be after that point. The implication of the current correlation is that if the recent pattern resemblance continues, then we should see a robust bounce in oil prices over the next 3 months. But while such a bounce would get everyone excited about a supposed new bull market in oil prices, that hope should be illusory.

As long as we are talking about the resemblance of oil’s late-2014 price slide to that of gold back in early 2013, it is also appropriate to once again make the comparison of gold’s current price pattern to what we saw before in the SP500. I showed this previously back on June 26, 2013.

Since then, gold has roughly followed the pattern laid down by the SP500, although the correlation has been imperfect. My sense is that if the Fed had not slathered the market with a whole bunch of quantitative easing (QE) to boost stock prices, we would have seen a better correlation. Still, the recent bottoming action in gold prices in 2014 matches the bottoming action of the SP500 in 2010, in the months following the May 2010 Flash Crash.

One important caveat is that these types of price pattern analogs tend to last for a while, and then they suddenly can stop working, usually at the moment when one is counting on them most to continue working.

So to summarize, the 2008-09 drop in stock prices saw an echo in the 2013 drop in gold prices, which has now had its further echo in 2014 for crude oil prices. There is a similarity in the way that investors panic out of their holdings in each, and that common physics/psychology shows up as a similar pattern in the price plot.

More importantly for oil traders, we have now likely seen the climax point for the oil price decline, and up next is a robust but failing rebound which should get everyone excited about oil again in 2015, only to disappointment them all over again.


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Bill Bonner: This is the “Final Bubble”

From Bill Bonner, Chairman, Bonner & Partners: 

Two weeks ago, the Dow shot up 421 points, or 2.4%, following the Fed’s announcement that it would be “patient” about normalizing interest rates.

It was the biggest single-day gain for the Dow in three years. And the 13th biggest single-day gain ever.

No one knows what was in this package – probably not even the Fed – but speculators thought it had a ribbon and bow on it.

We have our doubts about Santa. Does he really exist? Or is it just a myth we tell children, mental defectives, and stock market investors?

A stock is a share in a business. Why would a business be more valuable because the Fed tells the world it is in no hurry to stop torturing interest rates?

We knew that already. And it shouldn’t improve the real worth of your business anyway.

Just the contrary: It will more likely depress the value of businesses. The more the central banks distort key price signals, the more your business is prone to make bad investment decisions.

Counterfeit Money

Our view, as we’ve explained, is not the one taken by Janet Yellen, Paul Krugman, or Larry Summers. Ours is the minority opinion.

No Nobel prizes have yet been awarded to us and no central bank follows our recommendations. (Although, the German central bank seems favorably inclined.)

That is not to say that our opinion comes out of nowhere. Not at all. It is based on hundreds of years of thinking by classical and Austrian School economists. It is also supported by experience and intuition.

At its foundation are core principles that have never been disproven. “You can’t get something for nothing” is just one of them.

“A penny saved is a penny earned,” is another.

Most modern economists don’t believe either of these two things – at least, not when applied to an entire economy.

Money must have something real behind it – real savings, real work, real resources – or it is not worth the paper it is printed on.

Otherwise it is nothing more than counterfeit money. And yet when the Fed engages in “quantitative easing” – in which it buys bonds with money created specifically for that purpose – it tries to get something for nothing.

The Fed has no real savings or real money. Its “money” is created like that of a counterfeiter. And it is just as valuable! It passes throughout the economy just like real money.

The Paradox of Thrift

Most central bankers (and most economists, for that matter) also believe in the “paradox of thrift.”

Saving money may be good for an individual, they say, but it is bad for an economy. The more people save, the less they spend; the less they spend, the less consumer-led, demand-driven growth there is.

Nonsense!

There is no paradox. Saving is good for individuals and for groups. Economies do not become wealthier by spending; they become wealthier by saving.

It is the process of saving… and investing in productive capital goods… that makes spending possible. Not the other way around.

The more saving, the more capital the society has, which it can use to increase output and become richer. Then it can spend.

You might wonder why so many modern economists believe things that are so obviously untrue. It is probably because it is man’s nature to want to control things – even when control yields negative results.

The modern mainstream economist – heavily influenced by John Maynard Keynes – offers to manage the economy… to rescue it from its occasional crises… and to improve overall output by moderating cyclical downturns.

In return for pretending to do so, he earns status, compensation, university chairs, professional prizes, and columns in major newspapers. From time to time, he even gets his photo on the cover of TIME.

Wilted Flowers

What happens as a result of his meddling can be studied by taking a quick look at the U.S. shale-oil industry. The Fed’s ultra-low rates signaled to producers that capital was plentiful and cheap. So, why not use it to produce oil?

The frackers borrowed about $500 billion and are using the money to drill holes all over the place.

They hired people, too. One figure we saw suggested that almost all the new jobs in the U.S. created since 2008 were related to the energy boom.

Then commentators began to talk about the new oil boom… and how it would cause a new industrial renaissance in America. With cheaper energy costs, a thousand commercial flowers were supposed to bloom.

What happened?

The flowers wilted. The price of oil collapsed under the pressure of so much new supply. This is undermining the industry’s profitability and calling into question the value of the reserves oil companies use as collateral for their debt.

All of a sudden it looks like a lot of subprime energy debt is going bust. And that marks the end of the capital-spending boom that has been a highlight of the whole “recovery” folktale.

The Final Bubble

But look what else happens when first you practice to deceive. News reports tell us that consumers have changed their buying habits. “I’m buying gas at $1.99 a gallon,” said one of our sisters, who drove up from Charlottesville, Virginia, for a family reunion.

“I haven’t seen it that cheap,” said another. “But it’s just a little over $2. You really notice it at the pump. I decided to use the savings to buy the family a new television.”

Our sister wasn’t alone. News reports tell us that consumers are adjusting to a lower price of oil. Many people are buying large gas-guzzling new automobiles again. Others are cutting back on home insulation, solar panels, and other energy-saving measures.

Oh, what a tangled web Mr. Fed has woven! The fabric of modern society has been changed thanks to his clever guidance.

But wait… What if the price of oil goes back up?

What if the oil price were lower only because the Fed artificially pushed down the price of capital?

If that is so, you might expect oil to go back up before long. By then, many producers will have been put out of business by the artificially low price.

And many consumers will have been lured by the low prices into a position where they are vulnerable to higher prices. Central bankers will have damaged producers and consumers, and misdirected the entire world economy.

Since 1987, central banks – led by the Fed – have pumped up one bubble after another.

The Final Bubble – the Big Kahuna of a bubble in credit itself – is still expanding. If our macro analysis is correct, central banks will continue inflating it as long as they can. Then it will blow up.

We have no way of knowing whether we will be right or wrong.

Still, you should be wary of stock market performance claims based on the last 30 years of experience; these years also saw a huge increase in credit. You should also distrust any projection of performance based on those years.

Finally, you should be on your guard. You don’t want to be caught unawares and unprepared if it turns out we were right… and the credit bubble finally explodes.

Your Macro “Flashlight”

Can you really use this sort of macro analysis to improve your investment returns?

The jury is out. But our bet is that it is like a flashlight in your automobile glove compartment – usually useless but occasionally essential.

Most of your gains come from being in the right market at the right time.

Macro analysis is most helpful in showing you how to avoid the worst ones.

Counterfeit “money” cannot bring about real prosperity. There is nothing behind it – no savings, no resources and no real capital.

But it can bring about bubbles. We’ve seen that.

As bubbles inflate they can produce spectacular profits in certain markets – art, high-end real estate, collectibles and stocks. The problem is each bubble will pop. So generally speaking, these are no good for long-term investors.

The biggest and most dangerous bubble today is in debt. Here the risk is exceptionally large. The debt bubble will pop in one of two ways: inflation or defaults.

The government may let energy companies default on their junk bonds. But when it comes to its own debt, most likely inflation will eventually reduce its value – perhaps to zero.

Bottom line: Stay away from bonds.

Regards,

Bill

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“Bottom-fishing” investors are now pouring billions into this beaten-down sector

From Bloomberg: 

Bargain-seeking investors have turned bullish on embattled energy stocks, plowing record amounts into the industry.

More than $3.13 billion went into exchange-traded funds holding stakes in Exxon Mobil Corp. (XOM), Schlumberger Ltd. (SLB) and other energy stocks this month, even as the price of oil fell 22 percent, according to data compiled by Bloomberg. That’s four times the average for the year and more than the prior record in December 2007, when oil was trading near $91 a barrel.

“There definitely seems to be evidence of investors seeking to bottom-fish this market and pre-position for 2015,” David Mazza, head of ETF research at State Street Corp., said in a phone interview. “Some investors we’ve spoken with don’t believe the negative picture on energy that’s become consensus.”

Investors are betting on a higher long-term price for crude oil. Brent, the global benchmark, has traded around $60 a barrel since mid-month, after dropping by half from its June high. A stabilization in futures prices since Dec. 15 has helped energy stocks rebound for the past two weeks.

Oil slipped to a five-year low of $56.74 in London. Brent futures have plunged 51 percent from their June high.

“Longer-term investors, two to three years from now, will look back on this and say, ‘God, that was a good buying opportunity,’” said Fadel Gheit, a New York-based energy analyst for Oppenheimer & Co. For short-term investors, “it’s not going to be very pretty for the next few months.”

ETFs are increasingly seen as a bellwether of investor sentiment because they allow broad bets across a sector with lower transaction costs than buying individual stocks. Year-to-date, energy ETFs have attracted $9.25 billion of new money, the most of any sector behind real estate funds and more than triple the same period in 2013.


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Analysts Bullish

Analysts remain comparatively bullish on energy, forecasting that 44 companies in the Standard & Poor’s 500 will rise 23 percent in 12 months. That’s more than twice as much as the next-best industry, the materials sector that includes International Paper Co. (IP) and Monsanto Co. (MON)

The fall in prices has caused several oil companies to cut back spending for 2015. The S&P 500 Energy Index dropped 27 percent from a June high, when oil peaked for the year, through Dec. 15 when prices began to stabilize. The index, which includes Exxon and Chevron Corp., has risen 10 percent since the middle of the month.

Per-share profit for the coming year is expected to rise an average of 69 percent among energy stocks, according to the analysts.

Peel Onion

“If you peel back the onion a bit and look at earnings expectations from analysts and the fundamentals, the picture is not as bleak as it may seem,” Mazza said.

State Street (STT)’s Energy Select Sector SPDR Fund (XLE), the largest ETF comprising energy stocks, has taken in $1.85 billion this month, the most of any industry-based exchange-traded fund. Almost $460 million was invested in the past week. The ETF is trading at a slight premium to the underlying value of its holdings. A share costs 21 percent less than the June record, when oil prices were above $100 a barrel.

Investors who put money into the State Street SPDR during the prior monthly record for inflows, in December 2007 when the average price was $79.35, saw it climb to above $90 by May. The ETF then declined by more than half as oil prices collapsed during the 2008 financial crisis.

Trading volume in the State Street Energy SPDR this year is 44 times higher than in 2000, according to data compiled by Bloomberg.

The market value of sector-specific ETFs has risen 78-fold since 2000 to $312.6 billion as of yesterday, according to data compiled by Bloomberg. Energy ETFs climbed 129-fold, to $44.4 billion over the same period.

Wednesday, December 31st, 2014 Invest, News, Wealth Comments Off on “Bottom-fishing” investors are now pouring billions into this beaten-down sector

The world’s greatest investors all follow these four simple rules

From Dr. Steve Sjuggerud, editor, True Wealth:

Want to be a great investor?

Then figure out what the world’s greatest investors do… and do that. It’s that simple.

Seriously!

I went as far as you can possibly go in school studying investing. But that’s not how I learned to be a great investor.

I learned how to be a great investor by learning how the great investors actually made their money. I read as much as I could about their strategies. Then I “modeled” their behaviors to see what worked.

Surprisingly, what the legends did with their money was significantly different than what I learned in school. The theories I was taught in school didn’t work out so well in the real world. The legends were rich and my professors weren’t. You can’t beat the lessons of real-world experience.

Over the years, I’ve fortunately had a great deal of investing success myself. Even so, I still like to learn how the greats think. That is where the secrets hide. So I was thrilled to see that self-help guru Tony Robbins interviewed 75 investing legends for his new book Money: Mastering the Game.

In his book, Tony says the legends he interviewed shared at least four common obsessions.

They are:

1) Don’t Lose

I think this is the most important “obsession” of all…

Hedge-fund manager Paul Tudor Jones, for example, became a billionaire by investing. He has made money for his clients for 28 consecutive years. Here’s what he says:

The most important thing for me is that my defense is 10 times more important than offense. You have to be very focused on the downside at all times.

In short, your main goal in investing is to never let a small loss turn into a big loss. In True Wealth, we do this by using trailing stops and diligently following them.

2) Risk a Little to Make a Lot

In True Wealth, I often say things like: “with a stop loss of 10%, our downside risk is 10% and our upside potential is 50%. That gives us a great reward-to-risk ratio.”

That is the way you need to think about your investments.

The biggest problem with most investors is they believe you need to take “home-run” risks to have “home-run” returns. You don’t.

The path to home-run returns is to make “asymmetric” bets – where your downside risk is much smaller than your upside potential.

Again, the simplest way to control your downside risk is with stop losses.

3) Anticipate

“Most people say ‘Ready? Aim! Aim!” billionaire oilman T. Boone Pickens told Tony Robbins, “but they never FIRE!”

“A lot of brilliant people are terrible investors,” another legend told Tony. “The reason is they don’t have the ability to make decisions with limited information. By the time you get all the information, everyone else knows it, and you no longer have the edge.”

The simple message is, you can’t wait to trade until everything looks great… Because once everything looks great, there’s no upside left.

We invested in China when the picture was cloudy and everyone was scared. If we had waited, we would have missed the trade. Because we invested before everyone had all the information, we’re up 40%.

So instead of trying to wait until things look perfect, you need to anticipate.

4) You’re Never Done

“Contrary to what most people would expect, this group of achievers is never done!” Tony writes. “They’re never done learning, they’re never done earning, they’re never done growing, they’re never done giving!”

The group Tony interviewed is the most elite group of investors ever interviewed. I urge you to check out Money: Master the Game to learn even more about how they think.

I also urge you to remember these four “obsessions” of the investing greats. If you want to succeed in investing, make them your obsessions, too.


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Newmont Mining: Four Reasons To Invest In This Gold Miner In 2015 (NEM) – Seeking Alpha


Seeking Alpha
Newmont Mining: Four Reasons To Invest In This Gold Miner In 2015 (NEM)
Seeking Alpha
Newmont Mining is a top-tier gold company with ten operations and four projects worldwide. Newmont Mining presents a compelling argument for 2015 and beyond, with a solid balance sheet and well-managed assets. NEM has lost about 30% of its value …

and more »

Wednesday, December 31st, 2014 Invest, News, Wealth Comments Off on Newmont Mining: Four Reasons To Invest In This Gold Miner In 2015 (NEM) – Seeking Alpha

Newmont Mining: 4 Reasons To Invest In This Gold Miner In 2015 (NEM) – Seeking Alpha


Seeking Alpha
Newmont Mining: 4 Reasons To Invest In This Gold Miner In 2015 (NEM)
Seeking Alpha
Newmont Mining is a top-tier gold company with ten operations and four projects worldwide. Newmont Mining presents a compelling argument for 2015 and beyond, with a solid balance sheet and well-managed assets. NEM has lost about 30% of its value …

Wednesday, December 31st, 2014 Invest, News, Wealth Comments Off on Newmont Mining: 4 Reasons To Invest In This Gold Miner In 2015 (NEM) – Seeking Alpha

Why not gold as an investment? – Manila Standard Today

Why not gold as an investment?
Manila Standard Today
FOR centuries, people have been fascinated with gold. Many have gone to great lengths to obtain it—from chasing the mythological golden fleece to the California Gold Rush in the 1800s. There are a lot of advantages in investing in gold and here are

Wednesday, December 31st, 2014 Invest, News, Wealth Comments Off on Why not gold as an investment? – Manila Standard Today

Trader alert: This chart says a “double bottom” could be forming here

From Chris Kimble at Kimble Charting Solutions:

CLICK ON CHART TO ENLARGE

When we look back on 2014, one thing is clear, it wasn’t a good year to “Buy & Hold” the Gold Bugs Index (HUI). The chart below reflects that that HUI has under performed the S&P 500 by 32% YTD.

CLICK ON CHART TO ENLARGE

The multiyear decline has taken the Gold Bugs Index down to the bottom of its falling channel, where it touched this line last month. As it was touching the bottom of the falling channel, it also hit a key price line that was important resistance in 2002 & 2003, and was support at the financial crisis lows in 2009.

Joe Friday… Gold Bugs Index could be creating a double bottom near a key price zone.

If you like investing or trading in gold, silver, or mining stocks, I would be honored to have you as a Metals Member. Monthly rates for our metals research report are just $29 and we discount this rate 20% more for annual members.

Full Disclosure… Metals members own GDX.


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Ferris: I started a business just to take advantage of this



Extreme Value editor Dan Ferris says he’s been waiting his entire life for this moment – the best chance he’s ever seen for triple-digit gains (up to 500% or more over the next few years). But he believes you must act before December 31 to capture the biggest gains. Click here now.

Tuesday, December 30th, 2014 Invest, News, Wealth Comments Off on Trader alert: This chart says a “double bottom” could be forming here

Three simple ways to save money this winter

From Dr. David Eifrig, MD, MBA, editor, Retirement Millionaire: 

The cold weather can also drain your wallet. Most people start winterizing their houses this time of year, but winterizing your car saves money, too.

Here are several ways you can save on gas and expensive repair bills this winter…

Check your battery and connectors. Batteries more than three years old are more likely to die in the cold.

Keep your tires full. Air contracts in the cold, reducing your tire pressure. This can keep you from having the best traction on slippery winter roads.

Get an oil change. Oil thickens as it gets colder, so making sure you have the proper amount that has been replaced recently is key to your engine running well.

For your personal safety, it’s also important to keep an emergency kit in your trunk. Include a blanket, road salt, and a flashlight. By the way, you can learn even more about how to prepare for crises like blizzards in my bestselling book, The Doctor’s Protocol Field Manual. You can get your copy here.

Crux note: Earlier this year, Doc Eifrig hosted an online training session explaining the specific strategy he’s used to build a 98.95% win rate in his exclusive Retirement Trader advisory. If you missed the training session, we have great news…

TONIGHT ONLY, we’re rebroadcasting this special event, in its entirety. It’s totally free, with no registration required. Just click here to view it nowPlease note: This special rebroadcast is only available until midnight tonight.


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Tuesday, December 30th, 2014 Invest, News, Wealth Comments Off on Three simple ways to save money this winter

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