Oct. 29 2010 |Insight on the foreclosure mess, with Camden Fine, president & CEO of Independent Community Bankers of America.
Friday, October 29, 2010
Toon Van Beeck, Trading Gold Post-GDP
NEW YORK (TheStreet) -- Toon Van Beeck, senior analyst with IBISWorld, details the effect Friday's GDP report is having on gold prices and how to trade ahead of next week's FOMC meeting.
Halliburton Shares Plunge
Oct. 28 2010 | Shares of Halliburton plunged after tests showed the company's cement mixture used to seal BP's oil well in the Gulf was unstable. CNBC's Eamon Javers has the story.
BP Knew Gulf Rig Cement Mix Flawed
RussiaToday--October 29, 2010--An investigation into the Gulf of Mexico oil spill has revealed that BP and its contractor were aware of flaws in the cement mix used to build the rig. A US presidential commission says that could have caused the blowout. The report also claims four separate lab tests were carried out - but only one showed that the cement was suitable for deepwater drilling. The April rig explosion killed 11 workers and caused the worst environmental disaster in US history.
Bob Chapman the Bankers made outsized profits via fraud
Bob Chapman on A Marines disquisition, 28 oct 2010
Bob Chapman wrote in the International Forecaster of the 27th Oct 2010 ...."...Bankers made outsized profits via fraud. The question now is, who is going to jail? Government will jail the little guys as always and the big fish will swim away. Let’s hope this time it is different.
Even the NY Fed wants to financially pursue Bank of America and Fannie Mae and Freddie Mac want to pursue Wells Fargo for burying them with toxic waste known as CDOs, ABS and MBS. If many mortgages are forced back to the creators, that will force the banks into insolvency or another public bailout, we will call TARP2. This kind of action will send the public into spasms and it could lead to major demonstrations. They are sick and tired of the financial world being bailed out and the public getting nothing. ...."
UFOs Going After Nukes?
The more than 120 retired military personnel warn of "ongoing and alarming intervention by unidentified aerial flying objects as Nuclear Weapons Sites. Former Air Force officers held a News Conference today in Washington DC. RT Correspondent Cedric Moon explains that these retired air force members are claiming aliens are watching us and they want the government to acknowledge this does exist but that it's nothing to be alarmed about, actually quite the opposite.
Thursday, October 28, 2010
Fed Strategy The Wrong Way For Growth
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.
read more >>>>
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.
read more >>>>
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.
Wednesday, October 27, 2010
Sean Boyd, Agnico-Eagle Mines CEO. Gold is not in a bubble
A Golden Entry Point?
Wed. Oct. 27 2010 | Cramer digs deeper into a precious metal play, with Sean Boyd, Agnico-Eagle Mines CEO
The New ID: Computer chips from Germany
Starting November 1st, Germans can order a new personal identification card outfitted with a special computer chip. The company behind the concept is called NXP.The superchip was designed by engineers at the NXP company. Now the Hamburg-based company is hoping for a return on its investment. Around 60 million ID cards are expected to be made with the chip. Report by Jana Wochnik.
Bob Chapman on The Foreclosures Scandal - MBS
John Stadtmiller Oct 26 2010 - Jeff Bennett,Bob Chapman- Roundtable
John hosts a weekly financial round table with Jeff Bennett and Bob Chapman. Some have said this is the best two hours in radio.
John and Bob in the first hour. Jeff Bennett in the second hour.
_____________________________________________
John Stadtmiller, one of America’s true radio trailblazers with his early creation of “Republic International” (later renamed “Genesis Communications Network”), and now the “Republic Broadcasting Network”, the fastest growing truth radio station in the country.
John’s “National Intel Report” is hard hitting and to the point with information you won’t find in the mainstream media. If you believe the Constitution is the law of the land, but sense that something is seriously wrong in our country, then listen to the “National Intel Report” for the best guests, news and information!
Inner Earth, Egypt, & Consciousness - Brooks Agnew
Electrical Engineer and Doctor of Physics Brooks Agnew discussed ancient Egypt, new physics, cosmology, consciousness, and time travel. He also shared an update on his planned North Pole Inner Earth Expedition, which could now take place in the summer of 2012 along the Arctic Circle, pending the availability of an icebreaker ship. The expedition also faces funding issues, which has delayed it in the past. Interestingly, he noted there is research that shows there could be a large ocean that lies underneath the crust of the Atlantic ocean.
Finding the Inner Earth could prove to be especially beneficial if the planet faces a global catastrophe, he said. According to a manuscript found in Abydos, Egypt, the ancient Egyptians might have fled to the Inner Earth to escape a cataclysm, possibly at a desert town called Damenhur. As part of Agnew's upcoming Egyptian Tour, they will stop at Damenhur to investigate this location.
Citing how time slows down at the speed of light, Agnew said he is able to experience a kind of time travel while practicing a 17th breath meditation, in which he goes to a world that has a different sky than Earth's. He also talked about physics research that indicates certain particles are coming into our universe from another dimension. There is a missing construct in physics which may involve human consciousness in the formation of matter, he added.
THE CHINESE SILVER BULLET
China has announced it is reducing it Silver exports by 40%. But guess what? Chinese exports of silver are already down 60% from 2009 levels. China is already treating silver for what it is: a rare earth metal.
Markets Slammed As Dollar Jumps
Market Recap: October 27th, 2010
The major U.S. equity indices are trading lower Wednesday as investors grow more conservative about the central bank's attempts to stimulate the economy. Durable goods orders rose 3.3% in September to a seasonally adjusted $199.16 billion, beating consensus estimates for a rise of 2.5%. New-home sales in September rose 6.6% to a seasonally adjusted annual rate of 307,000, ahead of consensus estimates of 4.2%. In corporate news, Whirlpool (NYSE:WHR) shares are trading 4.84% lower at $80.43 after the company reported that profit fell 9.2%, despite sales strength in Latin America and Asia. The Dow Jones Industrial Average (DJI) is trading 1.23% lower at 11,032.13, the S&P500 (INX) is trading 0.99% lower at 1,173.95 and the Nasdaq Composite (IXIC) is trading 0.57% lower at 2,483.17.New Home Sales Up 6.6%
Wed. Oct. 27 2010 | New home sales rise 6.6 percent in September, with CNBC's Diana Olick.
Cotton Price Wrinkles
Wed. Oct. 27 2010 | Jones Group stock hit in part on high cotton prices, with CNBC's Brian Shactman, and Eric Tracy, FBR Capital Markets.
Rich Dad Robert Kiyosaki on Fascism Communism Socialism
Rich Dad Robert Kiyosaki on Fascism Communism Socialism
Scott Redler, Gold Needs to Re-Prove Itself
NEW YORK (TheStreet) -- Scott Redler, chief strategic officer at T3Live.com, explains why he is taking a timeout from gold and mining stocks and details his strategy going...
Bob Chapman Silver could hit $500 an ounce
Bob Chapman Interview On The Collector's Coach Show!!
Bob Chapman : the commercial use of silver is so widespread today and it gains everyday that the entire production of silver each year is taken off by commercial interests and there is not very much above ground silver left , it's been used since 1968 , I do not know how much is out there but if I have to guess certainly not more than a five year supply and so I think that silver's future is very bright ....Israel Oil find fuels Mideast tension
Recently discovered oil reserves in the eastern Mediterranean look set to become the latest point of tension in the troubled region. At least four major competitors are staking their claim. Israel, Lebanon, Turkey and Cyprus all want a piece, but with no clearly defined maritime borders, the fight could be lengthy, bitter... and even bloody.
Tuesday, October 26, 2010
The Currency of the Elite is Gold & Silver: Pastor Lindsey Williams 10.21.2010
Lindsey Williams: Deathbed Globalist "Spills Gut" On Plan to Destroy America - Alex Jones Tv
Get Your FREE Copy Of The International Forecaster Newsletter
Request Your FREE Copy Of "The International Forecaster" Newsletter! from Jack DeAngelis
Market Close Wrap-Up : October 26th, 2010
The major U.S. equity indices closed higher Tuesday, following disappointing earnings and news on home prices. Stocks edged back up after a decline earlier in the afternoon, following October's consumer confidence report. The Standard & Poor's/Case-Shiller home price index declined 0.2% in August. Price declines were apparent for fifteen out of the total 20 cities examined in the index. In corporate news, Kimberly-Clark Corp. (NYSE:KMB) reported a Q3 earnings miss. The company earned $469 million, or $1.14 per share, down from $582 million, or $1.40 per share in the year-ago period. Revenue rose 1% year-over-year to $5 billion. Analysts were looking for EPS of $1.28 on revenue of $5 billion. TD Ameritrade Holding Corp. (NASAQ:AMTD) reported Q4 net income of $114 million, or $0.20 per share, down from $157 million, or $0.26 per share in the year-ago period. Revenue fell nearly 8% to $609 million. Analyst expected EPS of $0.23 on revenue of $619.2 million. The Dow Jones Industrial (DJI) closed 0.05% higher at 11,169.46, the S&P500 (INX) closed 0.01% higher at 1,185.64, and the Nasdaq Composite (IXIC) closed 0.26% higher at 2,497.29.
Michio Kaku : Alien Life, Dimensions & the Universe
Theoretical physicist Dr. Michio Kaku explores the possibility of multi-dimensional intelligent existence.
Bob Chapman on Gold and Silver discount trading 25 Oct 2010
Bob Chapman on Gold and Silver discount trading 25 Octb 2010
Bob Chapman wrote in the International Forecaster of the 20th October 2010 :"...One thing we can guarantee is dollar devaluation, versus other currencies and gold and default. This is another lock Americans are going to have to deal with. Social Security and Medicare are already in default. Why do you think government wants to steal your retirement plans? How else can they keep them going with other government spending, such as wars of endless duration and creating employment in a staggering economy? The bank known as Washington has already been broken.
Even Mr. Bernanke, Chairman of the Fed, tells us today’s deficits are unsustainable, but few want to listen. It is just like in 1967 when we predicted that free trade, globalization, offshoring and outsourcing would be used to deliberately destroy the US economy, and no one wanted to listen. It has been a policy that has cost the dollar 98% of its purchasing power. What do you think gold, silver, platinum, palladium and commodities are telling us?...."
Bob Chapman wrote in the International Forecaster of the 20th October 2010 :"...One thing we can guarantee is dollar devaluation, versus other currencies and gold and default. This is another lock Americans are going to have to deal with. Social Security and Medicare are already in default. Why do you think government wants to steal your retirement plans? How else can they keep them going with other government spending, such as wars of endless duration and creating employment in a staggering economy? The bank known as Washington has already been broken.
Even Mr. Bernanke, Chairman of the Fed, tells us today’s deficits are unsustainable, but few want to listen. It is just like in 1967 when we predicted that free trade, globalization, offshoring and outsourcing would be used to deliberately destroy the US economy, and no one wanted to listen. It has been a policy that has cost the dollar 98% of its purchasing power. What do you think gold, silver, platinum, palladium and commodities are telling us?...."
Home Price Index Falls 0.2% in August
In Tuesday's release of the S&P's/Case-Shiller home price index, housing prices fell by 0.2 percent in August from the month before. Fifteen of the 20 featured cities showed monthly price declines, and prices are expected to continue to drop in the coming months.
Phoenix saw the largest decline with a 1.3% drop in home prices. Prices in three California cities--San Francisco, San Diego and Los Angeles--which had previously showed strength, also fell, but by less than 1%.
Detroit, Chicago, Washington, New York and Las Vegas were the only cities to show monthly price increases.
Although the index has risen 6.7% from its lowest level in April 2009, it remains almost 28% below its peak in July 2006.
Housing markets may continue to struggle due to recent complications with foreclosure documents. Would-be buyers are refraining from home purchases because of potentially invalid foreclosure purchases. In an October National Association of Realtors survey, about 23% of real estate agents said they had clients no longer interested in purchasing a foreclosed property due to the foreclosure mess.
Phoenix saw the largest decline with a 1.3% drop in home prices. Prices in three California cities--San Francisco, San Diego and Los Angeles--which had previously showed strength, also fell, but by less than 1%.
Detroit, Chicago, Washington, New York and Las Vegas were the only cities to show monthly price increases.
Although the index has risen 6.7% from its lowest level in April 2009, it remains almost 28% below its peak in July 2006.
Housing markets may continue to struggle due to recent complications with foreclosure documents. Would-be buyers are refraining from home purchases because of potentially invalid foreclosure purchases. In an October National Association of Realtors survey, about 23% of real estate agents said they had clients no longer interested in purchasing a foreclosed property due to the foreclosure mess.
Peter Schiff : Panic Gold buying in Germany, Silver Market Could Go Manic.
Eric King speaks with Peter Schiff about Gold and Silver in May, 2010. They discuss the recent panic gold buying in Germany as the Euro melts down. And Schiff admites he is even more bullish on Silver than Gold!
ILLEGAL Gold Accounting By US Government! - Mike Maloney
ILLEGAL Gold Accounting By US Government! - Mike Maloney
Where Should Investors Place Capital In Years To Come?
In 2008, many average investors saw their retirement portfolios fall between 50-60% as global hysteria gripped financial markets as a direct result of the subprime mortgage crisis. As an accountant, you most likely have clients seeking investment advice; as you advise clients concerning different investment avenues, keep in mind that this is the most uncertain economic period of recent history, and possibly since The Great Depression. Before we address specific investment vehicles that you may want to discuss with your clients and research yourself, there are few key points that must be understood concerning the macroeconomic environment.
Today, we are two years post-The Great Recession, and the U.S. economic recovery has stalled significantly. Unemployment is remaining at stubbornly high levels, consumer spending is stalling, and overall economic growth is stagnating. In late July, Federal Reserve Chairman Ben Bernanke testified before Congress and stated the U.S. recovery is “unusually uncertain.” This uncertain outlook in the U.S. has caused great uncertainty in the realm of retirement planning and general investment because, to be honest no one is sure what will happen in the U.S. economy over the next 5-10 years; however, one scenario that will most likely not play out is a massive bull run in the stock market. It is always good to offer clients a general market outlook and make them aware of the possible scenarios in the United States economy over the next few years, and at this time there seems to be 2 distinct possibilities.
The most realistic possibility is that the U.S. will have several years of very slow economic growth that is between 1% and 2.5% GDP. This extremely slow growth in the U.S. will make it virtually impossible to significantly bring down the unemployment number, and investment opportunities in the U.S. will be scarce for the average investor. The equity market will most likely move sideways for several years.
A second possibility is the U.S. economy moves into the another round of recession as measured by two consecutive quarters of contracting GDP. This would, of course, cause equity markets to sell-off sharply, and general global investor unrest would most likely reach very high levels. This type of slow growth will cause major problems for the average investor. A forex platform will offer more volatility.
One of these two possibilities will most likely play out in the U.S. Twenty and thirty years ago, college graduates in the U.S. were assured of above average gains in the stock market as the U.S. was in a long-term bull market. That has changed, though. Those days are over. As hard as it may be to hear, the U.S. economy will not grow over the next 20 years at the same rate it grew over the last twenty years.
Investors who want yield on their investments over the next 5 years should consider looking to foreign markets. China, India, Brazil, China, and Russia are emerging markets with huge growth potential. The growth rates over the next 5-10 years in these countries is huge.
The problem is how can an average investor take advantage of this huge growth potential in emerging markets? A few practical guidelines should be followed.
1. Stick to the most developed emerging markets because they have the most political and economic stability and should not collapse as some less stable emerging markets could. These include China, India, Russia, and Brazil.
2. Think 1950’s investment in America. Do this in those countries. If you can find the GE, Wal-Mart, etc in these developed nations and build a portfolio around them, you should see strong growth for years to come.
3. Stay away from new technology companies or other companies that are still in infancy. Any investment in these companies should be done strictly with risk capital, and they should not be a part of your portfolio nucleus.
4. Invest in large companies in telecommunications, energy, technology, and other major industries.
You can also take advantage of this investment idea by investing in U.S. based mutual funds that are completely exposed to Chinese companies such as Templeton’s Global Opportunities Fund, Matthews’ China fund, or the U.S. Global Investors China Regional Opportunity Fund.
Another option for investors who do not want to put capital at risk in the form of foreign equities is to focus on emerging market bonds. Emerging market bonds should significantly outperform bonds from developed nations over the next 5 years as interest rates stay at artificially low levels in the developed world. This interest rate yield spread should entice many investors and cause a massive capital flow into emerging market bonds.
Traders who are going to expose assets to a foreign currency should check forex broker ratings to make sure they are investing with a broker that is reputable.
Monday, October 25, 2010
An Energized Oil Trade
Oct. 25 2010 | Commodity prices are storming higher, with Peter Beutel, Cameron Hanover.
Peter Schiff : Gold and Dollar Outlook
Oct. 25 2010 | Insight on commodities and the Dollar, with Peter Schiff, Euro Pacific Capital president.
Peter Schiff : Gold and Dollar Outlook
Oct. 25 2010 | Insight on commodities and the Dollar, with Peter Schiff, Euro Pacific Capital president.
Is Dollar Headed for a Crash?
Mon. Oct. 25 2010 | Is the sinking U.S. dollar headed for a full fledged dollar crash? Art Laffer, Laffer investments and Brian Kelly, Kanundrum Capital.
Ben Bernanke On Housing Finance
Oct. 25 2010 | Fed chief Ben Bernanke discusses the future of housing finance in America.
Gold & Silver vs. Dollar & Euro
Gold and Silver Prices Signal the Devaluation of the Dollar
1. Beginning with the Savings & Loan crisis in 1990, each engineered crisis is growing in intensity and carnage. First, there was the Internet bubble crash then the Real Estate bubble meltdown and now we are at the footsteps of an unprecedented acceleration of price increases in food and energy.
_From: InflationUS | October 02, 2010
1. Beginning with the Savings & Loan crisis in 1990, each engineered crisis is growing in intensity and carnage. First, there was the Internet bubble crash then the Real Estate bubble meltdown and now we are at the footsteps of an unprecedented acceleration of price increases in food and energy.
_From: InflationUS | October 02, 2010
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