An excerpt from Bob Chapman's weekly publication.
October 27 2010: Financial follies continue, more bank closures this year than last, pension liabilities exceed revenues, continued troubles in the economy, no real interventions in currency market, PIMCO predictions.
As the Friday Night Financial Follies continues regulators on Friday shut down two small banks in Florida and two in Georgia, lifting to 136 the number of U.S. banks that have fallen this year as soured loans have mounted and the economy has sputtered.
With 136 closures nationwide so far this year, the pace of bank failures exceeds that of 2009, which was already a brisk year for shutdowns with 140. By this time last year, regulators had closed 106 banks.
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Thursday, October 28, 2010
Mike Maloney : Forget Gold invest in Silver
Rich Dad Silver- Forecast To Silver Prices with Mike Maloney
March 31 (Bloomberg) -- Rich Dad's Michael Maloney, author of "Rich Dad's Guide to Investing in Gold & Silver," talks with Bloomberg's Haslinda Amin about his upcoming forecast for silver and gold prices .Mike Maloney says $100/oz for Silver is a reasonable price, and would still be a bargin.
Mike Maloney - If you cannot hold it you dont own it
Investing in certificates, pools, exchange-traded funds is not the same as owning physical silver and gold.
Barrick CEO Gold not in a Bubble
Barrick Gold CEO Aaron Regent on the factors supporting the price of gold.
Halliburton Shares Flop on Oil Spill Research
Halliburton & BP Knew Emergency Cement Tested "Unstable" Before Blowout
Halliburton may have used faulty cement in the well that broke in the Gulf of Mexico.Market Close Wrap-Up: October 28th, 2010
The major U.S. equity indices closed mixed Thursday despite a report from the Labor Department that found a decline of 21,000 in applications for jobless benefits to a seasonally adjusted 434,000 in the week that ended October 23rd. The figure is the second-lowest for first-time claims during 2010. In corporate news, Motorola, Inc. (NYSE:MOT) reported a Q3 net income of $109 million, or $0.05 per share, a significant jump from $12 million, or $0.01 per share in the year-ago period. Revenue for the quarter rose 6% year-over-year to $5.8 billion. Analysts forecast earnings of $0.12 per share on revenue of $5.66 billion. Colgate-Palmolive Co. (NYSE:CL) reported a Q3 net income boost to $619 million, or $1.21 per share, up from $590 million, or $1.12 per share in the year-ago period. Q3 sales fell 1.5% to $3.94 billion. FactSet Research analysts were looking for EPS of $1.19 with sales totaling $4 billion. The Dow Jones Industrial Average (DJI) closed 0.15% lower at 11,109.71, the S&P500 (INX) closed 0.10% higher at 1,183.67, and the Nasdaq Composite (IXIC) closed 0.16% higher at 2,507.37.
Mike Maloney - Gold should reach $15_000 oz!
Robert Kiyosaki, along with friend, and author of the Rich Dad Advisor Book, Guide to Investing in Gold and Silver, Mike Maloney, explains why gold and silver are vital investments for today's economy.
American Express: Recovery Play
Director of Research Stephanie Link likes American Express because it's cheap and a play on the return of business spending.
Stephanie Link :....American Express (AXP) that the new addition to the action alerts plus portfolio definitely the director of research -- it -- why she chose the stock. You know we were looking for another. Financial non bank -- and on hand because headlines on the banks right now. On a fundamental basis -- expressed a lot of sense it's up by on their resumption consumer and business spend as well the travel -- On and it's also -- play on improving at a cost. On this company
Stephanie Link :....American Express (AXP) that the new addition to the action alerts plus portfolio definitely the director of research -- it -- why she chose the stock. You know we were looking for another. Financial non bank -- and on hand because headlines on the banks right now. On a fundamental basis -- expressed a lot of sense it's up by on their resumption consumer and business spend as well the travel -- On and it's also -- play on improving at a cost. On this company
Gold Futures Vs. Gold Minis
Jennifer Ropiak, vice president for NYSE Liffe US, breaks down the differences, benefits and risks between gold future contracts and mini contracts.
Rare Earth Minerals Bubble ?
Oct. 28 2010 | Assessing whether there is a bubble in rare earth minerals, with the Fast Money team.
Bob Chapman : Russia buying as much gold as they can
Bob Chapman : Russia buying as much gold as they can
Bob Chapman : ...Gorbachev is a member of the Illuminati that's why he left Russia , ...he slipped right in to the Illuminus camp and now he is trying to start trouble for Russia and that's what that's all about , because Russia has been buying Gold every month , for months and months and months and their economy is doing relatively well they are oil exporters as you very well know and they export a lot of commodities such as base metals and platinum and palladium and they hold their own Gold , they buy all the gold they produce in the country just like what China does and so they are the enemy as far as the Illuminus are concerned and so they try to cause trouble....and it's not gonna work.....
Bob Chapman : ...Gorbachev is a member of the Illuminati that's why he left Russia , ...he slipped right in to the Illuminus camp and now he is trying to start trouble for Russia and that's what that's all about , because Russia has been buying Gold every month , for months and months and months and their economy is doing relatively well they are oil exporters as you very well know and they export a lot of commodities such as base metals and platinum and palladium and they hold their own Gold , they buy all the gold they produce in the country just like what China does and so they are the enemy as far as the Illuminus are concerned and so they try to cause trouble....and it's not gonna work.....
Foreclosure Crisis Deepens
Wed. Oct. 27 2010 | CNBC's Diana Olick has the details on another big lender looking over its foreclosure practices
Joseph Foster, Gold May Reach $2,000 in Next 2-3 Years; Long-term Bull Market
Oct. 28 (Bloomberg) -- Joseph Foster, a portfolio manager at Van Eck Associates in New York, talks about the potential impact of the Federal Reserve's quantitative easing on the gold market. Foster, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses the outlook for gold stocks and investment strategy.
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