Archive for July, 2015

Still not time to invest in gold: investment strategist – Yahoo News


Yahoo News
Still not time to invest in gold: investment strategist
Yahoo News
Investing in gold did not pay off for the last four years and despite its low prices, now is still not the time to get in, advised Brad McMillan, chief investment officer at Commonwealth Financial Network. “Not just yet. We're not yet at a point where

and more »

Friday, July 31st, 2015 Invest, News, Wealth Comments Off on Still not time to invest in gold: investment strategist – Yahoo News

Precious metals drift on interest rate talk currents

July 30, 2015 (Investorideas.com Mining stocks newswire) The precious metals bears are still prowling around this week, with relatively little change in prices week on week.

Friday, July 31st, 2015 News Comments Off on Precious metals drift on interest rate talk currents

New Director appointments at recently expanded GoldMoney

July 30, 2015 (Investorideas.com Mining stocks newswire) GoldMoney promotes two new Jersey Directors following its acquisition by BitGold Canada.

Friday, July 31st, 2015 News Comments Off on New Director appointments at recently expanded GoldMoney

Bullion Near 5-Year Lows, ‘Driven by Fed Rate-Hike Expectations’ as Inflation … – BullionVault


Bloomberg Businessweek Middle East – Business news and analysis
Bullion Near 5-Year Lows, 'Driven by Fed Rate-Hike Expectations' as Inflation
BullionVault
BULLION GOLD headed for its worst monthly drop in two years on Thursday, nearing the end of July almost 7% down against the Dollar after weaker than expected US GDP data followed the Federal Reserve's latest hint that the central bank is preparing to …
Gold price in danger of hitting fresh 5-yr lows following FOMCThe Bullion Desk
Gold set for biggest monthly slump since 2013 on Fed rate outlookEconomic Times
Gold hovers near 5-1/2-year low, Fed spurs Sept rate hike viewZee News
Bloomberg Businessweek Middle East – Business news and analysis –Business Standard
all 1,830 news articles »
Friday, July 31st, 2015 Invest, News, Wealth Comments Off on Bullion Near 5-Year Lows, ‘Driven by Fed Rate-Hike Expectations’ as Inflation … – BullionVault

Gold Bullion ‘Liquidation’ Below $1100 Hits Miners & Retailers – BullionVault


Bloomberg
Gold Bullion 'Liquidation' Below $1100 Hits Miners & Retailers
BullionVault
Gold bullion needed to back shares in giant exchange-traded fund the SPDR Gold Trust (NYSEArca:GLD) shrank almost 20 tonnes in the week-ending Tuesday, the fastest drop since December 2013 and taking the ETF to its smallest size in 8 years at 689 …
Gold touches new low, remains in doldrumsThe Bullion Desk
AngloGold Leads Bullion-Stocks Drop as Metal Falls to 5-Year LowBloomberg
AngloGold leads bullion-stocks drop as metal fallsMoneyweb.co.za
CNNMoney –The Hindu
all 562 news articles »
Friday, July 31st, 2015 Invest, News, Wealth Comments Off on Gold Bullion ‘Liquidation’ Below $1100 Hits Miners & Retailers – BullionVault

This chart shows that the bull market may be topping out

From Jeff Clark, Editor, Stansberry Short Report:

The stock market is topping…

The S&P 500 came close to hitting a new all-time high last Monday… rallying as high as 2,132. But then it turned lower and declined sharply by the end of the week.

The market is now oversold. So we can expect a bounce in the short term. But the intermediate-term trend is lower. I still expect the S&P 500 to decline toward the 1,990 level between now and October.

And I am growing concerned about the potential of a longer-term top developing

SEE ALSO: Dr. Ron Paul Describes Exactly What America’s Next Crisis Will Look Like

The broad stock market peaks just about every seven years. The last top in the market occurred back in December 2007… so this current bull market is growing old.

But as I’ve shown you before, as long as the monthly chart of the S&P 500 is trading above its 20-month exponential moving average (EMA), the bull market remains intact. You see, the 20-month EMA is the line that separates bull markets from bear markets. When the S&P 500 is trading above its 20-month EMA, stocks are in a bull market. When the index drops below the line, stocks are in a bear market.

For example, the red circles on the chart below show the last two times the index dropped below the 20-month EMA, in late 2000 and early 2008… and bear markets began.

Right now, the S&P 500 is still comfortably above its 20-month EMA. Stocks are still in a bull market.

But look at the moving average convergence divergence (MACD) momentum indicator… The red arrows point to past times the MACD peaked and began to move lower. This happened close to the market peaks in 2000 and 2007.

This action turned out to be an early warning sign of an impending bear market. And it’s happening again right now.

SEE ALSO: Dr. Ron Paul Describes Exactly What America’s Next Crisis Will Look Like

The MACD has turned lower from an extremely overbought condition. So it’s best to be extremely careful with new long positions right now. The price action in the S&P 500 is still bullish, and it will remain that way as long as it holds above its 20-month EMA (currently at about 1,970). But it looks like we are entering a transition phase.

Keep an eye on this long-term chart of the S&P 500. The bull market may be nearing its end.

Best regards and good trading,

Jeff Clark

Thursday, July 30th, 2015 Invest, News, Wealth Comments Off on This chart shows that the bull market may be topping out

Here are the details on China’s latest cyberattack on the U.S.

From Bloomberg:

The hackers who stole data on tens of millions of U.S. insurance holders and government employees in recent months breached another big target at around the same time – United Airlines.

United, the world’s second-largest airline, detected an incursion into its computer systems in May or early June, said several people familiar with the probe. According to three of these people, investigators working with the carrier have linked the attack to a group of China-backed hackers they say are behind several other large heists – including the theft of security-clearance records from the U.S. Office of Personnel Management and medical data from health insurer Anthem Inc.

The previously unreported United breach raises the possibility that the hackers now have data on the movements of millions of Americans, adding airlines to a growing list of strategic U.S. industries and institutions that have been compromised. Among the cache of data stolen from United are manifests – which include information on flights’ passengers, origins and destinations – according to one person familiar with the carrier’s investigation.

It’s increasingly clear, security experts say, that China’s intelligence apparatus is amassing a vast database. Files stolen from the federal personnel office by this one China-based group could allow the hackers to identify Americans who work in defense and intelligence, including those on the payrolls of contractors. U.S. officials believe the group has links to the Chinese government, people familiar with the matter have said.

That data could be cross-referenced with stolen medical and financial records, revealing possible avenues for blackmailing or recruiting people who have security clearances. In all, the China-backed team has hacked at least 10 companies and organizations, which include other travel providers and health insurers, says security firm FireEye Inc.

RELATED: Is this China’s plan to destroy the U.S. Dollar?

Tracking Travelers

The theft of airline records potentially offers another layer of information that would allow China to chart the travel patterns of specific government or military officials.

United is one of the biggest contractors with the U.S. government among the airlines, making it a rich depository of data on the travel of American officials, military personnel and contractors. The hackers could match international flights by Chinese officials or industrialists with trips taken by U.S. personnel to the same cities at the same time, said James Lewis, a senior fellow in cybersecurity at the Center for Strategic and International Studies in Washington.

“You’re suspicious of some guy; you happen to notice that he flew to Papua New Guinea on June 23 and now you can see that the Americans have flown there on June 22 or 23,” Lewis said. “If you’re China, you’re looking for those things that will give you a better picture of what the other side is up to.”

Computer Glitches

The timing of the United breach also raises questions about whether it’s linked to computer faults that stranded thousands of the airline’s passengers in two incidents over the past couple of months. Two additional people close to the probe, who like the others asked not to be identified when discussing the investigation, say the carrier has found no connection between the hack and a July 8 systems failure that halted flights for two hours. They didn’t rule out a possible, tangential connection to an outage on June 2.

Luke Punzenberger, a spokesman for Chicago-based United, a unit of United Continental Holdings Inc., declined to comment on the breach investigation.

Zhu Haiquan, a spokesman for the Chinese embassy in Washington, said in a statement: “The Chinese government and the personnel in its institutions never engage in any form of cyberattack. We firmly oppose and combat any forms of cyberattacks.”

Embedded Names

United may have gotten help identifying the breach from U.S. investigators working on the OPM hack. The China-backed hackers that cybersecurity experts have linked to that attack have embedded the name of targets in web domains, phishing e-mails and other attack infrastructure, according to one of the people familiar with the investigation.

In May, the OPM investigators began drawing up a list of possible victims in the private sector and provided the companies with digital signatures that would indicate their systems had been breached. United Airlines was on that list.

Safety Concerns

In contrast to the theft of health records or financial data, the breach of airlines raises concerns of schedule disruptions or transportation gridlock. Mistakes by hackers or defenders could bring down sensitive systems that control the movement of millions of passengers annually in the U.S. and internationally.

READ MORE: Why America is NOT Normal – Dr. Ron Paul’s 8 facts prove how bad things really are

Even if their main goal was data theft, state-sponsored hackers might seek to preserve access to airline computers for later use in more disruptive attacks, according to security experts. One of the chief tasks of the investigators in the United breach is ensuring that the hackers have no hidden backdoors that could be used to re-enter the carrier’s computer systems later, one of the people familiar with the probe said.

United spokesman Punzenberger said the company remains “vigilant in protecting against unauthorized access” and is focused on protecting its customers’ personal information.

There is evidence the hackers were in the carrier’s network for months. One web domain apparently set up for the attack – UNITED-AIRLINES.NET – was established in April 2014. The domain was registered by a James Rhodes, who provided an address in American Samoa.

James Rhodes is also the alias of the character War Machine in Marvel Comics’ Iron Man. Security companies tracking the OPM hackers say they often use Marvel comic book references as a way to “sign” their attack.

Targeting Pentagon

This isn’t the first time such an attack has been documented. Chinese military hackers have repeatedly targeted the U.S. Transportation Command, the Pentagon agency that coordinates defense logistics and travel.

A report last year from the Senate Armed Services Committee documented at least 50 successful hacks of the command’s contractors from June 2012 through May 2013. Hacks against the agency’s contractors have led to the theft of flight plans, shipping routes and other data from organizations working with the military, according to the report.

“The Chinese have been trying to get flight information from the government; now it looks as if they’re trying to do the same in the commercial sector,” said Tony Lawrence, a former Army sergeant and founder and chief executive officer of VOR Technology, a Columbia, Maryland-based cybersecurity firm.

It’s unclear whether United is considering notifying customers that data may have been compromised. Punzenberger said United “would abide by notification requirements if a situation warranted” it.

The airline is still trying to determine exactly which data was removed from the network, said two of the people familiar with the probe. That assessment took months in the OPM case, which was discovered in April and made public in June.

M&A Strategy

SEE ALSO: Dr. Ron Paul Describes Exactly What America’s Next Crisis Will Look Like

Besides passenger lists and other flight-related data, the hackers may also have taken information related to United’s mergers and acquisitions strategy, one of the people familiar with the investigation said.

Flight manifests usually contain the names and birthdates of passengers, but even if those files were taken, experts say that would be unlikely to trigger disclosure requirements in any of the 47 states with breach-notification laws.

Those disclosure laws are widely seen as outdated. The theft by hackers of corporate secrets usually goes unreported, while the stealing of customer records such as Social Security numbers and credit cards is required in most states.

“In most states, this is not going to trigger a notification,” said Srini Subramanian, state government leader for Deloitte cyber risk services.

Thursday, July 30th, 2015 Invest, News, Wealth Comments Off on Here are the details on China’s latest cyberattack on the U.S.

Double-digit upside in a blue-chip dividend-payer?

From Justin Brill, Editor, Stansberry Digest:

Regular Digest readers know we’ve been covering the crash in oil prices…

In short, surging shale oil production here in the U.S. – combined with higher than usual production in Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries (“OPEC”) – have caused a huge “glut” of oil around the world. And prices have plunged.

The price of West Texas Intermediate crude oil (the U.S. benchmark) has fallen from more than $100 per barrel last summer to less than $50 per barrel today. This has crushed the shares of oil producers and many other stocks in the sector.

But the news isn’t all bad…

READ MORE: Why America is NOT Normal – Dr. Ron Paul’s 8 facts prove how bad things really are

As we’ve mentioned, lower prices have benefited some energy companies, like refiners and oil shippers. And they could be creating a surprising opportunity in one “blue-chip” oil producer.

Last month, we mentioned oil giant Chevron had gone “on sale.” As we wrote in the June 16 Digest

Today, the oil giant is even cheaper than Wal-Mart, trading at an EV/EBITDA ratio of 6.6. (Porter’s team says that as a rule of thumb, an EV/EBITDA ratio lower than 10 is considered cheap.) Its price-to-earnings ratio sits at 11 – a staggering 43% discount to the S&P 500.

Not only was the stock cheap, but its dividend yield had risen above the important 4% level…

As we noted, Chevron has increased its dividend every year for the past 27 years, making it a member of the elite “Dividend Aristocrats.” This 4%-4.5% dividend level has acted as long-term “support” for the share price over the past 20-plus years. In other words, whenever its dividend has moved above this level, shares have rebounded not long after.

Since then, shares have fallen further, along with the price of oil, and the company is even cheaper today.

The stock now yields a huge 4.7% dividend, and new research from our colleagues Steve Sjuggerud, Brett Eversole, and Rick Crawford of True Wealth Systems suggests that an incredible opportunity is now approaching.

RELATED: Is this China’s plan to destroy the U.S. Dollar?

As they wrote in last week’s True Wealth Systems Market Extremes

Today’s extreme is in oil and gas giant Chevron (CVX). After falling 26% in the past year, this company is now extremely oversold… We can see this by looking at Chevron’s weekly relative strength index (RSI).

The RSI takes a company’s recent stock gains versus its recent losses and builds them into a 0-100 index. A low RSI shows an oversold opportunity… which often leads to a move higher in prices.

Chevron’s latest weekly RSI is at an extremely low reading of 29. That means investors are selling at a record pace. And when that reverses, we could see big gains in Chevron.

According to their research, investors have only been this bearish on the company five times in the past 35 years. And history says a huge rebound is likely…

These five trades led to double-digit returns within a few months, on average. And a year later, the company bounced 27%, on average. That’s a huge one-year return!

Now, Chevron is still in oversold territory. So we don’t recommend buying it today. But we’ll keep an eye on this stock as we monitor oil and gas prices going forward. Once an uptrend emerges, Chevron could offer double-digit returns within just a few months.

As they noted, they’re NOT buying just yet. They’re waiting for the RSI to reverse and for an uptrend to begin.

But once it does, investors could have the rare opportunity to buy a “Dividend Aristocrat” yielding close to 5% with the potential for quick double-digit gains.

Thursday, July 30th, 2015 Invest, News, Wealth Comments Off on Double-digit upside in a blue-chip dividend-payer?

Top manager Grantham: These are the 10 things you should be worried about today

From Justin Dove, Editor, The Crux:

When it comes to predictions, there aren’t many people more respected on Wall Street than Jeremy Grantham.

Here’s what our colleague Steve Sjuggerud said about Grantham back in 2013:

By luck or by skill, Jeremy Grantham delivered the best stock market forecast in our entire generation…

In 2001, Grantham correctly predicted that U.S. stocks would be the worst-performing asset class for 10 years. They were.

But this was more astounding: He looked at 11 major asset classes and put them in order by how well he thought they’d do over the next decade. He got the order almost exactly right. (None were more than two spaces from their actual rank.)

It was the most accurate prediction of asset returns I have seen in my career.

READ MORE: Why America is NOT Normal – Dr. Ron Paul’s 8 facts prove how bad things really are

Grantham’s track record for spotting valuation extremes goes beyond a single 10-year period, too. He and his clients also successfully avoided every bubble of the last two decades (Japan in the 1980s, tech stocks in the 1990s, financials and housing in the 2000s). He was bearish at the top of the most recent bubble, in 2007, and super bullish at the bottom, in late 2008/early 2009.

So what is Grantham saying today?

In his latest quarterly letter, Grantham provided a list of “Ten Quick Topics to Ruin Your Summer.” This list is essentially 10 things that are keeping Grantham up at night about the future of the markets and our world.

As he writes:

They can all be viewed as problems: potential threats to our well-being. I admit this is lopsidedly negative, but surely it is more important to obsess about threats, which we often prefer to ignore.

So without further ado, here’s Grantham’s list:

  1. Pressure on GDP growth in the U.S. and the balance of the developed world: count on 1.5% U.S. growth, not the old 3%
  2. The age of plentiful, cheap resources is gone forever
  3. Oil
  4. Climate problems
  5. Global food shortages
  6. Income inequality
  7. Trying to understand deficiencies in democracy and capitalism
  8. Deficiencies in the Fed
  9. Investment bubbles in a world that is, this time, interestingly different
  10. Limitations of homo sapiens

You can read Grantham’s full summary on each of these ideas right here.

Thursday, July 30th, 2015 Invest, News, Wealth Comments Off on Top manager Grantham: These are the 10 things you should be worried about today

Still not time to invest in gold: investment strategist – Yahoo Finance


Yahoo Finance
Still not time to invest in gold: investment strategist
Yahoo Finance
Investing in gold did not pay off for the last four years and despite its low prices, now is still not the time to get in, advised Brad McMillan, chief investment officer at Commonwealth Financial Network. “Not just yet. We're not yet at a point where

and more »

Thursday, July 30th, 2015 Invest, News, Wealth Comments Off on Still not time to invest in gold: investment strategist – Yahoo Finance

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