Public getting spooked... gold mania may lie ahead
05/28/2012 - 7:40am
We don't know whether to be bullish or bearish on this one…
Eric Sprott, one of Canada's top money managers, says, "The window to raise money for gold stocks has blown open." Barrick Gold CEO Peter Munk says he's getting tons of calls from investors asking how to protect their money. Investor interest in gold is soaring.
Many ousted Wall Street CEOs are criminals, plain and simple
05/28/2012 - 7:40am
From the S&A Digest:
***In late 2007, after losing almost $10 billion, Merrill Lynch paid its employees bonuses totaling $14 billion. Said its CEO John Thain: "I want to reiterate how strong most of the businesses have done this year, and we are very optimistic as we look out to 2008." Just a few weeks later, Merrill announced additional losses, totaling $16 billion. The combined writeoff for losses taken on investments made between 2004 and 2008 equaled more money than Merrill Lynch had ever earned – in total.
What the best trader you've never heard of is buying now
05/28/2012 - 7:40am
From DailyWealth:
I've never seen a track record like my friend Jeff Clark's.
He's had 45 trades double in the last 45 months – that's a double a month!
The latest issue of Jeff's newsletter, the S&A Short Report, just came out. In it, Jeff is buying something everyone else has left for dead... commodities. He expects a big rally.
Make 20% a year in the world's worst real estate market
05/28/2012 - 7:40am
From DailyWealth:
Andrew started flipping houses. He'd gather the gloomiest articles about Detroit real estate. He'd mail these articles to loan officers at the local banks. Then, he'd offer to buy their foreclosed properties for pennies on the dollar. Andrew's strategy worked. He'd pay a Polish cleaning crew to overhaul the houses and then resell them for a profit.
Now, Andrew has found a new business in Detroit. He says this business is "the most fundamentally sound cash-flowing businesses in the nation right now."
This year will be the year of precious metals. I'm certain of it.
The U.S. government is printing trillions of new dollars to bail out everyone from Wall Street bankers to Detroit automakers to Miami housing speculators to Las Vegas gamblers. That will lead to inflation.
...But if you can only buy one precious metal in 2009, then buy platinum.
Relative to gold, platinum is cheaper now than it has been at any time during the past 10 years. Here, take a look...
After nearly two years above $2.50 per pound, the price of copper fell 66% in three months. That's an incredible decline. The price hit a low around $1.20 per pound, which it hadn't seen since early 2004.
You might think that's a bottom, but the amount of copper stored in warehouses, as reported by the London Metal Exchange, is the highest it's been in five years.
Supertrader turns bearish: "you should sell into this rally"
05/28/2012 - 7:40am
From The Growth Stock Wire:
Several weeks ago, I suggested stocks were ready to bounce. The market had just completed a vicious three-month decline, and many technical indicators were pointing to a rally. If ever there was a stage set for a bear-market bounce, then it was set in November.
But I've seen flat basketballs bounce higher than this.
You're not going to believe this... But U.S. residential real estate is now more affordable than it's been since 1973.
It's true. Thanks to 1) record low mortgage rates (Wells Fargo is offering 30-year fixed mortgages under 4.9%) and 2) a speedy fall in home prices (the median home price is down $50,000 on average nationwide)... we've arrived at "affordable" quicker than I ever imagined possible.
The huge inflation underway right now will be what I call "The End of America." I don't mean an end to our political union – I mean an end to the special role America has played in the global economy since World War II.
