Archive for July, 2015

Pure Energy Minerals, Poised to be One of a Few Lithium Winners

July 29, 2015 (Investorideas.com Mining stocks newswire) EpsteinReseach.com issues the following interview on Pure Energy Minerals’ CEO Robert Mintak.

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Nine charts that show the U.S. bull market may be near a top

From Bloomberg:

That sense of abandonment you’re feeling in equities is real. Breadth is drying up, slowing down a U.S. bull market that is now the third-longest since 1940. Here are nine charts that show the rally is relying on fewer and fewer companies to maintain its gains…

Falling stocks outnumber rising ones, day in, day out. That’s pushing the cumulative New York Stock Exchange advance-decline line, or the number of daily gains minus declines, down for a third month after peaking in May. It’s the longest losing streak since 2011.

In many shares, the pace of the advance is slowing. The percentage of NYSE stocks trading above their 200-day moving average has fallen to the lowest level since October.

The picture worsens when the lens narrows. Compared with the 50-day moving average, the proportion of stocks closing above has been about 54 percent this year, down from 64 percent in 2014. The drop was the fastest since 2008.

Two industries account for all of this year’s increase in the Standard & Poor’s 500 Index: healthcare and retail. That’s the tightest clustering for an advancing year since at least 2000, data compiled by Bloomberg show.

The average stock has failed to keep pace with the market. A version of the S&P 500 that strips out market-value biases, the S&P 500 Equal Weight Index, is down 1.5 percent in 2015, trailing the market-cap weighted measure by 1.9 percentage points, or the most since 2012.

Transportation stocks are trailing the Dow Jones Industrial Average by the most in more than two years, raising concern among investors who follow a market-analysis technique known as Dow Theory, which holds that transportation and industrial stocks must advance together for market gains to last.

While the S&P 500 is hovering within 3 percent of an all-time high reached in May, the proportion of stocks that have fallen at least 10 percent from a recent peak is 57 percent in the benchmark measure, 67 percent in the Russell 3000 Index and 71 percent in the Russell 2000 Index of smaller companies.

The number of stocks hitting 52-week low has risen to the most since October.

The 10-week average of NYSE High-Low Logic Index, which measures the extent of simultaneous highs and lows on the exchange, rose above 5 percent this month, a level suggests the market has become “internally fractured,” according to data compiled by Leuthold Group LLC.


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Why you want to listen to what this guy says…
Editor in Chief Brian Hunt recently identified a huge new moneymaking opportunity for Stansberry readers. Learn why he recruited help from the man in this photo, here

Wednesday, July 29th, 2015 Invest, News, Wealth Comments Off on Nine charts that show the U.S. bull market may be near a top

Doc Eifrig: A surprising way to reduce pain… and keep your brain healthy

From Dr. David Eifrig, MD, MBA:

Music can reduce the need for post-op pain killers.

Longtime subscribers know how much I enjoy music. I’ve recommended it again and again on my “Top Ways to Improve Your Health” lists (you can read 2015′s list here). Listening to music keeps your brain sharp, helps you focus, and even releases endorphins.

And now a recent study published in the journal Pediatric Surgery International shows that music helps reduce pain after surgery. A group of 56 children either listened to music or an audiobook they chose, or sat in silence for a few hours after surgery. The music and audiobook groups experienced significantly less pain after 48 hours than the silence group.

Children cannot tolerate medications as well as adults, so reducing the amount of “pain meds” is safer. Music therapy could also help lower the amount of drugs used in the future. Likewise, other patients who might be sensitive to pain medication could benefit from the same musical treatments.

Of course, music’s benefits range far beyond surgical recovery. I always listen to music during the day. As most people in my office can tell you, I listen to a mix of classical and jazz during the workday. It keeps me calm and helps me concentrate. Toward the end of the day, when people typically get tired, I’ll switch to music with more of a beat to energize me. It’s a simple way to boost my mood and my concentration.

Here’s to our health, wealth, and a great retirement,

Dr. David Eifrig


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Two more reasons why you should be holding plenty of cash OUTSIDE of the bank

From Steve Sjuggerud, Editor, True Wealth:

“How much cash do you have at home?” I once asked a friend who is an extremely smart investor and businessman.

(The question wasn’t too personal… He’s a good friend and we talk about money. I had dinner with him at his home earlier this month in California.)

I keep six figures at home,” he replied.

“Wow!” I said. “That sounds a bit extreme.”

“Is it?” he asked. “How much are you earning in interest in the bank?”

I saw where he was going with this… You earn basically zero interest on your money in the bank, and zero outside of the bank. So there’s not much harm in holding cash outside of the bank. You’re simply diversifying where it’s held.

He also reminded me that it’s surprisingly hard to get large amounts of cash out of your bank. He was right again…

Have you tried taking a large amount of money out of the bank recently?

I took $5,000 in cash out of the bank a couple weeks ago – and the bank struggled to find it. The tellers actually told me, “Sir, if you need to take this kind of cash out of the bank in the future, it’d be better if you’d give us a few days’ notice.”

Really? My local bank branch struggles to come up with $5,000 in cash?

Yes – and that’s not the first time that has happened to me at this bank branch. (It’s a branch of one of the largest banks in America.)

What if I wasn’t the only person that day who wanted a large amount of cash? How much of YOUR money do you really think the bank would give you on that day?

I’ve never considered holding a large amount of cash (except for a brief moment during the crisis in 2008). However, my friend makes some good points:

  1. You earn zero interest in the bank and zero outside of the bank… So why not hold some cash outside of the bank?
  2. If the banks run out of cash (or shut down for a few days), then you’ll have no cash. You are essentially broke at that point.

This happened recently in Greece… One day the banks were open, the next day they were closed. And they stayed closed for three weeks.

While an extreme crisis like that is unlikely in the U.S. today, it is possible in the future. Meanwhile, there’s little downside in holding extra cash outside of the bank today.

The bottom line here is you ought to hold way more cash than you think… Think of the number you believe is right… and then consider ADDING A ZERO TO IT!

Good investing,

Steve


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How the Fed fueled the commodities crash

From Bill Bonner, Chairman, Bonner & Partners:

When we left you at the end of last week the world was falling apart.

As you know, the economy functions on electronic credit… not cold, hard cash. Without the banks pumping more credit into the system – by way of loans – it sags.

The Dow fell 163 points – or about 1% – on Friday.

More significant is the action in the gold market. At this morning’s price of $1,103 an ounce, gold is now trading $100 below what we thought was the “floor” under the price.

Why?

It could be that gold is signaling a global recession/depression. People tend to buy gold when they fear inflation. All they see today is a global deflationary slump.

The People’s Daily newspaper – the official organ of the Communist Party – tells us that Chinese electricity consumption is accelerating at the slowest rate in 30 years.

We all know China’s GDP figures are untrustworthy, but electrons don’t lie. They flow with the economy. And they’re now only increasing at a sluggish 1.3% a year – suggesting a big slowdown in the Chinese economy.

According to economists’ estimates compiled by Bloomberg – as opposed to the official spin from Beijing – China’s economy is growing at the slowest pace in 25 years.

A Pileup in Commodities

Meanwhile, on the commodities highway, there’s a huge pileup.

The crash in the oil market – which has taken the price per barrel of U.S. crude down 53% over the last 12 months – has left a massive slick.

A barrel of U.S. crude oil sold for just $48.14 at Friday’s close – just 42 cents above its 52-week low. Overall, commodities are at a 13-year low.

And the coal miners have slid on the cheap oil and gas.

In the March issue of our monthly publication, The Bill Bonner Letter, we explained why energy was so cheap. The Fed dropped the price of capital so low that it cost almost nothing to borrow.

When the cheap money came to an end, so would the cheap oil, we guessed.

But it hasn’t happened – yet…

So far, the Fed’s cheap credit has exaggerated and prolonged the bear market in oil. Producers who should have shut down months ago are still pumping – kept in business by ultra-cheap financing.

Coal, cheap when we wrote about it back in March, is now even cheaper. Today, the price of coal is down 70% from four years ago.

This is pushing coal producers to the edge of solvency…

For example, Alpha Natural Resources, a big producer of metallurgical coal – or “met” coal, which is used for steelmaking –was delisted from the New York Stock Exchange because its share price was “abnormally low.” Bankruptcy is now in the cards.

And this from OilPrice.com on the fate of another big met coal producer, Walter Energy:

Walter Energy, an Alabama coal miner, announced on July 15 that it is filing for bankruptcy. Senior lenders will see their debt turned into equity, and if the company cannot turn the ship around, it will more or less sell off all of its assets.

“In the face of ongoing depressed conditions in the market for met coal, we must do what is necessary to adapt to the new reality in our industry,” Walter Energy’s CEO Walt Scheller said in a press release.

Dr. Copper’s Diagnosis

Dr. Copper, too, says it’s going to be a rough second half of the year for the global economy.

Copper has earned the “Dr.” title; the old-timers say it is “the only metal with a PhD in economics.”

Copper goes into everything – houses, offices, electronics, autos, you name it. Although it’s not a perfect correlation by any means, when the price of copper falls, it indicates that the world economy is going down too.

From Bloomberg:

Goldman said prices will probably drop another 16% by the end of next year and expects Chinese demand to grow at the slowest pace in almost two decades.

Goldman on Wednesday lowered its copper price outlook by as much as 44% through 2018.

Why the big slowdown? Why is the world falling apart?

Because you can’t fake an economic recovery…

Instead of “stimulating” a recovery, the feds have “simulated” one.

They dropped the price of capital to near zero. Commodity producers took the bait. They borrowed money and increased production.

But global demand couldn’t keep up.

You can’t get real demand from empty credit. Real demand comes from Main Street, not Wall Street.

And for that, you need a real recovery, not a phony one.

Regards,

Bill

Crux note: A global economic slump may be the least of your worries… As Bill has been warning, right now in America, the highest levels of government and the banking system are locked in a desperate last stand against a disturbing monetary shock…

When it hits, you could suddenly be locked out of your bank account… unable to withdraw cash or use your credit card… your stocks will swing wildly out of control… your Social Security checks will pile up unopened on your kitchen table… no one will cash them… Go here now for the full story from Bill.


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Alternative Investments: Gold – Smarter Analyst

Alternative Investments: Gold
Smarter Analyst
Gold is one of the oldest and most popular forms of investment. Its a precious metal that has proven time and again to be the best hedge against inflation. However, with the reputation also comes a lot of speculation and volatility. Over the course of

and more »

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Time to invest in gold is when people forget it is an investable asset – Economic Times

Time to invest in gold is when people forget it is an investable asset
Economic Times
Gold over the past century has had a few bull cycles. The bull cycles do not last for more than a decade, but the bear cycles it has observed have lasted very long. People hardly study this contemporary historical evidence before investing. The peak of

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With gold prices falling, few tips on when to invest in it – Financial Express


Financial Express
With gold prices falling, few tips on when to invest in it
Financial Express
A rise in US interest rates will clearly signal that the economy of the world's largest country is growing and institutional investors will pull out money from gold and invest in US government paper. A possible hike in the interest rate will trigger a
Gold price: too early to call market bottomThe Week UK
How to Know When the Gold Bear Market is OverThe Market Oracle
GOLD LOSING VALUE, NOT SHINEGreaterKashmir.com

all 265 news articles »

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Golden rule is to have patience – The Indian Express


Profit Confidential
Golden rule is to have patience
The Indian Express
Gold is an investment that preserves its value in the long-term and provides protection against inflation. The recent drop in gold prices to a four-year low level has come as a dampener to a large number of investors who had witnessed it outperform
Gold crash: Don't panic, you can watch out for these!Zee News
Gold Prices in 2016 to Remain BullishProfit Confidential
Despite low rate, gold sales fail to gather steamTimes of India

all 562 news articles »

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Pure Energy Minerals Announces Filing of NI 43-101 Inferred Resource Technical Report for its Nevada Lithium Brine Project

Vancouver, British Columbia – July 28, 2015 (Newsfile Corp.) (Investorideas.com Mining stocks newswire) Pure Energy Minerals Limited (TSXV: PE) (FSE: A111EG) (OTCQB: HMGLF) (the ‘Company’ or ‘Pure Energy’) is pleased to announce that it has filed a technical report detailing an Inferred Resource estimate of the Company’s Clayton Valley Lithium Brine Project, in accordance with National Instrument 43-101 (‘NI 43-101’).

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