Gold Price Close Today : 1,602.10 Gold Price Close 8-Jul : 1,541.20 Change :
60.90 or 4.0% Silver Price Close Today : 4033.3 Silver Price Close 8-Jul :
3653.6 Change : 379.70 or 10.4% Gold Silver Ratio Today : 39.722 Gold Silver
Ratio 8-Jul : 42.183 Change : -2.46 or -5.8% Silver Gold Ratio : 0.02518 Silver
Gold Ratio 8-Jul : 0.02371 Change : 0.00147 or 6.2% Dow in Gold Dollars : $
159.81 Dow in Gold Dollars 8-Jul : $ 169.77 Change : $ (9.96) or -5.9% Dow in
Gold Ounces : 7.731 Dow in Gold Ounces 8-Jul : 8.213 Change : -0.48 or -5.9% Dow
in Silver Ounces : 307.07 Dow in Silver Ounces 8-Jul : 346.43 Change : -39.36 or
-11.4% Dow Industrial : 12,385.16 Dow Industrial 8-Jul : 12,657.20 Change :
-272.04 or -2.1% S&P 500 : 1,305.44 S&P 500 8-Jul : 1,343.80 Change : -38.36 or
-2.9% US Dollar Index : 75.378 US Dollar Index 8-Jul : 75.082 Change : 0.296 or
0.4% Platinum Price Close Today : 1,775.20 Platinum Price Close 8-Jul : 1,730.50
Change : 44.70 or 2.6% Palladium Price Close Today : 795.75 Palladium Price
Close 8-Jul : 775.05 Change : 20.70 or 2.7% Every morning I drive down Suck Stem
Branch Road and just before I drive into the Green Cathedral there lives a
groundhog. I bear no animus to any groundhog, but for some crazed reason, the
groundhog sits in the ditch and waits until my car gets within about 35 feet and
at that precise moment races across the road in a suicidal game of chicken with
my 3,500 lb. Isuzu Trooper. I have observed that rabbits and squirrels, too,
will abandon a perfectly secure refuge to rush to their own destruction awaiting
in midroad. Yet this suicidal behavior can't hold a candle to human beings. We
have central banks. I missed sending a commentary last Friday, so will sum up
last week from Friday a week ago to today, Monday. Certain numbers will leap out
at you from the scoreboard: the Silver Price up 10,.4% the Gold Price up 4%, Dow
in Silver ounces down 11.4%, Dow in Gold Dollars down 5.9%. Not a good week for
stocks or dollar denominated assets. The Gold Price today reached 103% of its
last high. It's over $1,600, with Comex closing today at $1,602.10, up $12.30.
On the weekly chart 'twill hit the upper trading channel boundary about $1,650,
but $1,625 remains another ancient target. I noticed Steve Saville commented
yesterday that GOLD had been moving up 9 days straight, an awfully long unbroken
stretch. Well, today it made that ten days, yet surely some pause, some
correction must strike soon. The Silver Price returned to center stage today,
gaining 127c to shutter down Comex at 4033.3c, after a high of 4071c. That took
the gold/silver ratio down to 39.722. Silver above 4100c means the Dogs of Rally
are racing again. Stand not in the path of this juggernaut, but bear always in
your mind that it might turn at any time. Clearly silver is following gold,
actually, outrunning it, but both are being driven by institutional stupidity,
government misfeasance, central bank malfeasance, and the need to feed the
banks. Can that last forever? Ooooo. I should have said that some other way.
Every time the Silver Price approaches its last high, the shorts flee and the
bulls take the field, pushing to the next level: 3940c yields, then shoots to
4050c. I'm not opposed to buying here if you have a calm and equitable mind that
recognizes the risk of all those institutional players suddenly coming to their
senses -- or, more precisely, APPEARING to come to their senses. In the long run
it makes no difference what they do, they cannot, dare not stop inflating, and
that will keep driving SILVER and Gold PriceS to the stars. I fear, I truly
fear, that silver and gold are accelerating into that state that panicked buyers
will not look at charts or even ask prices, they will simply buy, buy, buy in
their desperate need to flee fiat currencies. Stocks today reached G$159.81
(7.731 ounces), a new low for this move and a tiny breakdown thru the bottom
support line. The DiG$ frequently makes that breakdown without following
through, but if it does then look for a speedy plunge to G$145 (7.014 oz). Dow
in Silver Ounces is verging on a breakdown through 300 oz. of silver buying the
whole Dow. Stocks spent the last four trading days steadily digging lower and
lower. Now that they have reached 12,300, they might catch on that stouter
support. On the other hand, they tried to pierce their 20 and 50 day moving
averages today (12,346 and 12,359) but didn't close beneath them. Stocks remain
the Typhoid Mary of Investment Healthcare Professionals. By the way, the new low
for the Dow in Gold Dollars whispers that either stocks are about to plunge or
gold is about to skyrocket. The US DOLLAR INDEX rose 14.8 basis points today
(0.19%) to its present 75.378. Mark, simply, that the dollar remains in an
uptrend from last Wednesday's 74.65 low and from its May 72.70 low: higher
highs, lower lows makes an uptrend. As long as the Dollar Index remains above
74.75, the trend remains in force, targetting 78. Euro struggleth still. Today
closed at 1.4110, down 0.34%. Hard to look at this chart, a jagged descent as
bad as the face of Mt. Everest, and imagine that it will turn and climb. Close
below 1.395 and 1.3913 (200 DMA) kicks the euro into the abyss. Yen has made a
classic pennant which in a sane world where central banks and governments don't
manipulate markets, points to Y76.27/$ (131.12c/Y100). Don't look for that,
however, because the Japanese Nice Government Men will be zeroing in on that
rate to make it sink. Footnote from last week's trip: if y'all are ever in
Chattanooga, do not miss eating at the Boathouse restaurant on the Tennessee
River. It is superb. The grilled squid with arugula and garlic will make you
tongue slap your jaws. Argentum et aurum comparenda sunt -- -- Gold and silver
must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com ©
2011, The Moneychanger. May not be republished in any form, including
electronically, without our express permission. To avoid confusion, please
remember that the comments above have a very short time horizon. Always invest
with the primary trend. Gold's primary trend is up, targeting at least
$3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66;
stocks' primary trend is down, targeting Dow under 2,900 and worth only one
ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in
a bubble, primary trend way down. Whenever I write "Stay out of stocks" readers
inevitably ask, "Do you mean precious metals mining stocks, too?" No, I don't.
Be advised and warned: Do NOT use these commentaries to trade futures contracts.
I don't intend them for that or write them with that outlook. I write them for
long-term investors in physical metals. Take them as entertainment, but not as a
timing service for futures.
Saturday, August 6, 2011
9 Companies Increasing Dividends This Week
Wall Street had one of its worst weeks in years, and the capitulation selling
that took root Thursday culminated with a 512-point plundering of the Dow.
Nearly every sector of the market was hit that day, including commodities like
oil and gold. On Friday, the July employment report showed better-than-expected
job growth, as nonfarm payrolls increased 117,000. That number easily surpassed
expectations for a gain of 85,000. The unemployment rate dipped to 9.1% from
9.2% in June, and that was one of the few positives in an otherwise dismal week
dominated by recession fears. Another, almost overlooked, positive this week was
the hefty number of companies increasing dividends. This week's payout
performers include one of the largest gold mining concerns, the premier
agricultural chemicals company, and the company that rakes in a little profit
for itself every time an options trade is executed. The following are nine
companies increasing dividends in this memorable week of tumultuous trading.
Boardwalk Pipeline Partners L.P. Natural gas limited partnership Boardwalk
Pipeline Partners (NYSE: BWP ) turned up the heat on its quarterly cash
distribution to 52.5 cents per unit. The new distribution, announced Aug. 1, is
payable on Aug. 18 to unitholders of record as of Aug. 11. The new dividend
yield, based on the Aug. 1 closing price of $28.55, is 7.36%. Boardwalk's
distribution increase came even as its second-quarter net income fell by
two-thirds. Although the loss was due largely to absorbed accounting charges and
other expenses, Boardwalk earned just $15.2 million, or 7 cents per common unit,
down from $54.4 million, or 28 cents per unit, during the same period last year.
Analysts had expected net income of 32 cents per unit.
that took root Thursday culminated with a 512-point plundering of the Dow.
Nearly every sector of the market was hit that day, including commodities like
oil and gold. On Friday, the July employment report showed better-than-expected
job growth, as nonfarm payrolls increased 117,000. That number easily surpassed
expectations for a gain of 85,000. The unemployment rate dipped to 9.1% from
9.2% in June, and that was one of the few positives in an otherwise dismal week
dominated by recession fears. Another, almost overlooked, positive this week was
the hefty number of companies increasing dividends. This week's payout
performers include one of the largest gold mining concerns, the premier
agricultural chemicals company, and the company that rakes in a little profit
for itself every time an options trade is executed. The following are nine
companies increasing dividends in this memorable week of tumultuous trading.
Boardwalk Pipeline Partners L.P. Natural gas limited partnership Boardwalk
Pipeline Partners (NYSE: BWP ) turned up the heat on its quarterly cash
distribution to 52.5 cents per unit. The new distribution, announced Aug. 1, is
payable on Aug. 18 to unitholders of record as of Aug. 11. The new dividend
yield, based on the Aug. 1 closing price of $28.55, is 7.36%. Boardwalk's
distribution increase came even as its second-quarter net income fell by
two-thirds. Although the loss was due largely to absorbed accounting charges and
other expenses, Boardwalk earned just $15.2 million, or 7 cents per common unit,
down from $54.4 million, or 28 cents per unit, during the same period last year.
Analysts had expected net income of 32 cents per unit.
The Art and Science of Due Diligence
Guest Article Overview: The Art and Science of Due Diligence By Andrew J.
Sherman, Author of The AMA Handbook of Due Diligence Due diligence is not just a
process, it is also a reality test -- a test of whether the factors driving the
deal and making it look attractive to the parties are real or illusory. Due
diligence is not a quest to find the deal-breakers but a test of the value
proposition underlying the transaction to make sure that the inside of the house
is as attractive as the outside. Once the foundation has been dissected, it can
either be rebuilt around a deal that makes sense or allow the buyer to walk away
and prevent the consummation of a deal that doesn't make sense. Overall, the due
diligence process, when done properly, can be tedious, frustrating,
time-consuming, and expensive. Yet it is a necessary prerequisite to a
well-planned acquisition, and it can be quite informative and revealing in its
analysis of the target company and its measures of the costs and risks
associated with the transaction. Buyers should resist the temptation to conduct
a hasty "once over," either to save costs or to appease the seller. Yet at the
same time, they should avoid "due diligence overkill," keeping in mind that due
diligence is not a perfect process and should not be a tedious fishing
expedition. Like any audit, a diligence process is designed to answer the
important questions, and ensure with reasonable assurance that the seller's
claims about the business are fair and legitimate. Proper due diligence involves
knowing: - where to look - what to ask - what tools to use - who to ask - how to
test premises/answers - who should ask Effective due diligence is both an art
and a science. The art is the style and experience to know which questions to
ask and how and when to ask them. It's the ability to create an atmosphere of
both trust and fear in the seller, which encourages full and complete
disclosure. In this sense, the due diligence team is on a risk discovery and
assessment mission, looking for potential problems and liabilities (the search),
and finding ways to resolve these problems prior to closing and/or to ensure
that risks are allocated fairly and openly after the closing. The "Art" of Due
Diligence: - Understanding how to extract key information from a person or
situation - Understanding the objectives of the parties and the underlying
transaction - Identifying key hurdles and risks - Identifying why information
might be falsified or omitted - Targeting the proper sources for disclosure of
information The science of due diligence is in the preparation of comprehensive
and customized checklists of the specific questions to be presented to the
seller, in maintaining a methodical system for organizing and analyzing the
documents and data provided by the seller, and in quantitatively assessing the
risks raised by those problems discovered in the process. The "Science" of Due
Diligence: - Do your homework - Be prepared and well-organized - Be precise in
your requests - Be persistent in your quest for the truth - Don't accept the
first answer as the final answer Excerpted from The AMA Handbook of Due
Diligence by William M. Crilly and Andrew J. Sherman. Copyright © 2010 William
M. Crilly and Andrew J. Sherman. Published by AMACOM Books, a division of
American Management Association, New York, NY. Used with permission. All rights
reserved. http://www.amacombooks.org/ Author Bio Andrew J. Sherman, is the
author of several books, including The AMA Handbook of Due Diligence, Harvesting
Intangible Assets, Mergers and Acquisitions from A to Z, Raising Capital, and
Franchising and Licensing. He is a partner in the Washington, D.C. office of
Jones Day and a top-rated Adjunct Professor in the MBA and Executive MBA
programs at the University of Maryland. An internationally recognized authority
on the legal and strategic aspects of business growth, he is frequently called
upon by the media to share his expertise. He has been featured or quoted in The
Wall Street Journal, USA Today, The New York Times, BusinessWeek, Fortune,
Investor's Business Daily, Forbes, Entrepreneur, U.S. News & World Report, and
other prestigious publications. For more information please visit
http://www.amacombooks.org/book.cfm?isbn=9780814413821
Sherman, Author of The AMA Handbook of Due Diligence Due diligence is not just a
process, it is also a reality test -- a test of whether the factors driving the
deal and making it look attractive to the parties are real or illusory. Due
diligence is not a quest to find the deal-breakers but a test of the value
proposition underlying the transaction to make sure that the inside of the house
is as attractive as the outside. Once the foundation has been dissected, it can
either be rebuilt around a deal that makes sense or allow the buyer to walk away
and prevent the consummation of a deal that doesn't make sense. Overall, the due
diligence process, when done properly, can be tedious, frustrating,
time-consuming, and expensive. Yet it is a necessary prerequisite to a
well-planned acquisition, and it can be quite informative and revealing in its
analysis of the target company and its measures of the costs and risks
associated with the transaction. Buyers should resist the temptation to conduct
a hasty "once over," either to save costs or to appease the seller. Yet at the
same time, they should avoid "due diligence overkill," keeping in mind that due
diligence is not a perfect process and should not be a tedious fishing
expedition. Like any audit, a diligence process is designed to answer the
important questions, and ensure with reasonable assurance that the seller's
claims about the business are fair and legitimate. Proper due diligence involves
knowing: - where to look - what to ask - what tools to use - who to ask - how to
test premises/answers - who should ask Effective due diligence is both an art
and a science. The art is the style and experience to know which questions to
ask and how and when to ask them. It's the ability to create an atmosphere of
both trust and fear in the seller, which encourages full and complete
disclosure. In this sense, the due diligence team is on a risk discovery and
assessment mission, looking for potential problems and liabilities (the search),
and finding ways to resolve these problems prior to closing and/or to ensure
that risks are allocated fairly and openly after the closing. The "Art" of Due
Diligence: - Understanding how to extract key information from a person or
situation - Understanding the objectives of the parties and the underlying
transaction - Identifying key hurdles and risks - Identifying why information
might be falsified or omitted - Targeting the proper sources for disclosure of
information The science of due diligence is in the preparation of comprehensive
and customized checklists of the specific questions to be presented to the
seller, in maintaining a methodical system for organizing and analyzing the
documents and data provided by the seller, and in quantitatively assessing the
risks raised by those problems discovered in the process. The "Science" of Due
Diligence: - Do your homework - Be prepared and well-organized - Be precise in
your requests - Be persistent in your quest for the truth - Don't accept the
first answer as the final answer Excerpted from The AMA Handbook of Due
Diligence by William M. Crilly and Andrew J. Sherman. Copyright © 2010 William
M. Crilly and Andrew J. Sherman. Published by AMACOM Books, a division of
American Management Association, New York, NY. Used with permission. All rights
reserved. http://www.amacombooks.org/ Author Bio Andrew J. Sherman, is the
author of several books, including The AMA Handbook of Due Diligence, Harvesting
Intangible Assets, Mergers and Acquisitions from A to Z, Raising Capital, and
Franchising and Licensing. He is a partner in the Washington, D.C. office of
Jones Day and a top-rated Adjunct Professor in the MBA and Executive MBA
programs at the University of Maryland. An internationally recognized authority
on the legal and strategic aspects of business growth, he is frequently called
upon by the media to share his expertise. He has been featured or quoted in The
Wall Street Journal, USA Today, The New York Times, BusinessWeek, Fortune,
Investor's Business Daily, Forbes, Entrepreneur, U.S. News & World Report, and
other prestigious publications. For more information please visit
http://www.amacombooks.org/book.cfm?isbn=9780814413821
Impressive Moves Higher For The Week: (TNH), (HMPR), (SM), (GOLD), (TI-A)
Impressive Moves Higher For The Week: (TNH), (HMPR), (SM), (GOLD), (TI-A) Tickr
Watch - 7 hours ago The following stocks were among the best performers for the
week: Terra Nitrogen Company, LP, Hampton Roads Bankshares Inc, SM Energy
Company, Randgold Resources Ltd, and Telecom Italia SPA New ...
Watch - 7 hours ago The following stocks were among the best performers for the
week: Terra Nitrogen Company, LP, Hampton Roads Bankshares Inc, SM Energy
Company, Randgold Resources Ltd, and Telecom Italia SPA New ...
General Dynamics (NYSE:GD) Makes Director Move
General Dynamics (NYSE:GD) has made a new appointment to its board of
directors. General Dynamics (NYSE:GD) Makes Director Move The defense contract
major General Dynamics (NYSE:GD) has announced the appointment of James Jones, a
former Marine Corps commandant and national security adviser, to its board of
directors. Jay L. Johnson, chairman and chief executive officer of General
Dynamics (NYSE:GD) said, "Jim Jones' depth of knowledge and experience in
global security issues makes him a valuable addition to the General Dynamics
(NYSE:GD) board." General Dynamics (NYSE:GD) stocks were at 63.22 at the end
of the last days trading. Theres been a -10.6% change in the stock price over
the past 3 months. General Dynamics (NYSE:GD) Analyst Advice Consensus Opinion:
Moderate Buy Mean recommendation: 1.65 (1=Strong Buy, 5=Strong Sell) 3 Months
Ago: 1.81 Zacks Rank: 2 out of 6 in the industry
directors. General Dynamics (NYSE:GD) Makes Director Move The defense contract
major General Dynamics (NYSE:GD) has announced the appointment of James Jones, a
former Marine Corps commandant and national security adviser, to its board of
directors. Jay L. Johnson, chairman and chief executive officer of General
Dynamics (NYSE:GD) said, "Jim Jones' depth of knowledge and experience in
global security issues makes him a valuable addition to the General Dynamics
(NYSE:GD) board." General Dynamics (NYSE:GD) stocks were at 63.22 at the end
of the last days trading. Theres been a -10.6% change in the stock price over
the past 3 months. General Dynamics (NYSE:GD) Analyst Advice Consensus Opinion:
Moderate Buy Mean recommendation: 1.65 (1=Strong Buy, 5=Strong Sell) 3 Months
Ago: 1.81 Zacks Rank: 2 out of 6 in the industry
50 Years of Fun Economic History for Obama’s 50th Birthday
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tdp2664 InvestorPlace President Barack Obama turned 50 years old Thursday and celebrated with multiple birthday parties (and a little campaign fundraising) on his big day. Since I am a big fan of stock market trivia, I thought it would be fun to throw together some fun facts about where the market and the nation's economy was 50 years ago when Obama was born. Some facts about the market are just interesting. Others — about the nation's debts or unemployment rate — might make you long for better times. But, at any rate, here's my fun list of 50 economic facts after Obama's 50 th birthday: 1. In May of 1961, the Dow closed above 700 for the first time ever. 2. The adjusted close for the Dow on Aug. 4, 1961, was 720.69. 3. That marked a 1,660% gain since the index debuted 65 years earlier at at 40.94 on May 26, 1896. 4. That's almost 25% per year annually. 5. The stock market was in raging bull mode in 1961. The Dow was up for a roughly 400% gain in just 12 years, from a level around 150 in 1949. 6. That's over 33% annually from 1949 to 1961. 7. Currently, the index is up 1,270% since that close of 720.69 in 1961. 8. Annualized, that's about 25% a year. 9 to 29. Dow components in 1961 were: Allied Chemical Aluminum Company of America American Can American Telephone & Telegraph American Tobacco B Anaconda Copper Bethlehem Steel Chrysler Du Pont Eastman Kodak Company General Electric Company General Foods General Motors Corporation Goodyear International Harvester International Nickel International Paper Company Johns-Manville Owens-Illinois Glass Procter & Gamble Company Sears Roebuck & Company Standard Oil of California Standard Oil (NJ) Swift & Company Texaco Incorporated (formerly Texas Company) Union Carbide United Aircraft U.S. Steel Westinghouse Electric Woolworth 30. The only current components that were truly part of the 1961 Dow are General Electric (NYSE: GE ), Alcoa (NYSE: AA ), which was formerly known as the Aluminum Company of America , Dupont (NYSE: DD ) and Procter & Gamble (NYSE: PG ). (You can make a complicated case for many others like American Telephone & Telegraph, for instance, which is just one thread of the tangled fabric of AT&T (NYSE: T ) history — but let's keep moving.) 31. Believe it or not, GE stock actually has outperformed the Dow since even after its meltdown during the financial crisis, up about 1,580 since August 1961 vs. 1,270% for the DJIA. 32. And Dupont has underperformed in an ugly way. The stock is up only about 680% since 1961, half the gains of the broader market. And it didn't pay its first dividend until 1987. 33. Six Flags (NYSE: SIX ) turns 50 this year too, born in 1961 as "Six Flags Over Texas" opened. 34. Imation (NYSE: IMN ) brand Memorex got its start in 1961, too, focusing on computer tapes. 35. Publicly traded trucker J.B. Hunt (NASDAQ: JBHT ) also is 50 in a few days, incorporated in Arkansas on Aug. 10, 1961. 36. Eyewear stock Luxotica (NYSE: LUX ) also got its start in 1961, 50 years ago. Now on to the bigger economic issues of 1961, some hard numbers with real impact and some fun marketing facts: 37. Unemployment was almost half what it is today, at just 5.5% 38. Minimum wage in 1961: $1.15 an hour. 39. Median family income 50 years ago was about $5,700 per year. 40. U.S. debt as a percentage of GDP was about 55% when Eisenhower left office. That was down from about 70% when he entered the White House in 1953, and about half the levels under Truman at the end of World War II about 16 years earlier. 41. The largest recorded strike in history ended — a 33 year spat by Danish barbers’ assistants. Strange barbers fixed a labor dispute right before the era of long hair… but true. 42. OPEC (Organization of Petroleum Exporting Countries) is formally constituted. 43. In early 1961, President Dwight Eisenhower announced the U.S. would sever diplomatic relations with Cuba and soon would employ economic and trade sanctions. 44. Before leaving office, President Eisenhower also issued a warning with a now infamous phrase about the “military industrial complex” developing in America. 45. The first American astronaut, Navy Commander Alan B. Shepard, rockets 116.5 miles up, kicking off the history of manned space flight. 46. Frito corn chips appear on the snack food scene, marketed by the Frito Kid — predecessor to the Frito Bandito. 47. “Barbie” gets a boyfriend when the “Ken” doll is introduced. The move helps the Barbie line cement its status a toy store staple for decades to come. 48. Black & Decker introduced the first cordless power drill, powered by nickle-cadmium. Wives everywhere have less sympathy for husbands who claim they don't have time to fix things around the house. 49. Ibuprofen was introduced to the public. It wouldn't become available as an over-the-counter drug in 1984. 50. The Yankees would go on to win the World Series. Hey, it's not strictly economic — but there's too much money in those pinstripes these days to ignore a shoutout to the Mantle and Maris home run chase that year. Jeff Reeves is the editor of InvestorPlace.com. As of this writing, he did not own a position in any of the stocks named here. Follow him on Twitter via @JeffReevesIP and become a fan of InvestorPlace on Facebook .
Ford MSN Money Stock Quotes F DJIA index DJX stock market close review Today
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dow2664 This past week was a bad one for the stock market and the murmurs on Wall Street regarding a potential double dip recession are growing. Stocks ended the last session mixed but were decisively below breakeven to finish off the week. The DJI, Nasdaq and S&P 500 all finished off in the red for the week overall. Specifically, the Dow Jones was negative for the week by almost 6 percent. The S&P 500 fell for the week by 7 percent and the Nasdaq dropped lower overall for the week by 8 percent. The pressures of the global economy can’t be ignored. This was evident on Friday when indices popped up higher after some better than expected jobs data but then sank lower again due to global market pressure. Stock trends were volatile and unpredictable at times and investors had difficulty anticipating direction. The uncertainty caused fear and the fear caused plummeting trends. All three major indices ended the week so low that they ultimately wiped out any remaining gains that they had built over the course of this year. Investor fear on Wall Street is now heightened and this fear is hurting individual company stock values. According to MSN Money stock quotes, Ford Motor Co. stock finished last trading session in the red. Ford was lower by .18 percent and closed out last trade at 10.84. Previous close for Ford was 10.86. Frank Matto
Company Earnings News: (GOLD), (BKH), (MCHX), (VISN), (CPNO)
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea Company Earnings News: (GOLD), (BKH), (MCHX), (VISN), (CPNO) Takeover Chatter – 1 hour ago Randgold Resources Ltd (GOLD) announced their most recent earnings results for the quarter ended in June 2011. Earnings came in at $1.22 per share compared to analyst estimates of $0.81 per share …
Intel (NASDAQ:INTC) Investing In Cloud Structure
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tdp2664 E money daily Intel (NASDAQ:INTC) has plans to invest $30 million for two ISTC to strengthen cloud computing research. Intel (NASDAQ:INTC) Investing In Cloud Structure The largest chip maker Intel (NASDAQ:INTC) is planning to invest $30 million to strengthen their cloud and embedded computing research in five years. As part of the plan, the company launched two Intel (NASDAQ:INTC) Science and Technology Centers (ISTC) hosted at Carnegie Mellon University and has invited researchers to submit their ideas. Justin Rattner, Intel (NASDAQ:INTC) chief technology officer, said, “These new ISTCs are expected to open amazing possibilities. Imagine, for example, future cars equipped with embedded sensors and microprocessors to constantly collect and analyze traffic and weather data. That information could be shared and analyzed in the cloud so that drivers could be provided with suggestions for quicker and safer routes". Intel Corp. (NASDAQ:INTC) shares were at 20.9 at the end of the last day’s trading. There’s been a -7.2% change in the stock price over the past 3 months. Intel Corp. (NASDAQ:INTC) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.97 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.87 Zack’s Rank: 2 out of 7 in the industry
Boeing (NYSE:BA) Finishes Test Program
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tdp2664 E money daily Boeing (NYSE:BA) 747-8 Freighter has completed Flight Tests. Boeing (NYSE:BA) Finishes Test Program Boeing (NYSE:BA) has announced that the cargo version of its revamped 747 jumbo jet has finished its certification flight test program. Boeing (NYSE:BA) has scheduled the delivery of the first 747-8 Freighter in September to Luxembourg’s Cargolux Airlines International SA. Boeing (NYSE:BA) also is testing a passenger version of the plane called the Intercontinental. Elizabeth Lund, Boeing’s vice president and general manager of the 747 program, said that, "Boeing (NYSE:BA) is in the home stretch in delivering this airplane to our customers. The plane must still be certified by the Federal Aviation Administration before the first delivery. It is unlikely the remaining paperwork and flight-test data evaluation will be hampered by the ongoing furloughs but that Boeing (NYSE:BA) is monitoring the situation". Boeing Co. (NYSE:BA) stocks are currently standing at 63.09. Price History Last Price: 63.09 52 Week Low / High: 59.48 / 80.65 50 Day Moving Average: 73.05 6 Month Price Change %: -5.2% 12 Month Price Change %: -3.2%
Monday August 8, 2011
XCSFDHG46767FHJHJF
tdp2664 Penny Stock Live Vacation is over so look for regular alerts again. Heading into Monday I’m sitting on 3 positions and bidding a 4th. As I’m sure you can imagine I took a beating on my BERX trade. I still have 20k shares and am already down about $11k on the first 35k I sold. Down about $7k on the remaining 20k shares this stands to be my biggest loss since starting the Profit.ly account back in March. I was up $4k on this one I think and man does that look good compared to the situation I’ve created now. From what I hear the mailer I was expecting on this one failed with the timing of the market crash and I got stuck in the middle of it. 10k GRHU at $.81, current $.75, down $623. I’m hoping this is good support to move off of. Small position because I’m not sure, might add more shares if it starts to move toward $1.00. 5k LYSCF at $1.92, current $1.99, up $342. Bought what appears to be support, hoping to catch the reversal run here. I’ll consider adding to my position with confirmation of bullish shift. Bidding 10k GLUU at $3.82, current $4.01. Tried to catch the dip on this one Friday while driving home. There are lots of bargains out there right now and I think GLUU is one of them.
Best-Performing U.S.-Listed Chinese Stocks for the Week Ended Aug 6, 2011
XCSFDHG46767FHJHJF
tdp2664 China Analyst Below are the best-performing U.S.-listed Chinese
50 Years of Fun Economic History for Obama’s 50th Birthday
President Barack Obama turned 50 years old Thursday and celebrated with
multiple birthday parties (and a little campaign fundraising) on his big day.
Since I am a big fan of stock market trivia, I thought it would be fun to throw
together some fun facts about where the market and the nation's economy was 50
years ago when Obama was born. Some facts about the market are just interesting.
Others about the nation's debts or unemployment rate might make you long for
better times. But, at any rate, here's my fun list of 50 economic facts after
Obama's 50 th birthday: 1. In May of 1961, the Dow closed above 700 for the
first time ever. 2. The adjusted close for the Dow on Aug. 4, 1961, was 720.69.
3. That marked a 1,660% gain since the index debuted 65 years earlier at at
40.94 on May 26, 1896. 4. That's almost 25% per year annually. 5. The stock
market was in raging bull mode in 1961. The Dow was up for a roughly 400% gain
in just 12 years, from a level around 150 in 1949. 6. That's over 33% annually
from 1949 to 1961. 7. Currently, the index is up 1,270% since that close of
720.69 in 1961. 8. Annualized, that's about 25% a year. 9 to 29. Dow
components in 1961 were: Allied Chemical Aluminum Company of America American
Can American Telephone & Telegraph American Tobacco B Anaconda Copper Bethlehem
Steel Chrysler Du Pont Eastman Kodak Company General Electric Company General
Foods General Motors Corporation Goodyear International Harvester International
Nickel International Paper Company Johns-Manville Owens-Illinois Glass Procter &
Gamble Company Sears Roebuck & Company Standard Oil of California Standard Oil
(NJ) Swift & Company Texaco Incorporated (formerly Texas Company) Union Carbide
United Aircraft U.S. Steel Westinghouse Electric Woolworth 30. The only current
components that were truly part of the 1961 Dow are General Electric (NYSE: GE
), Alcoa (NYSE: AA ), which was formerly known as the Aluminum Company of
America , Dupont (NYSE: DD ) and Procter & Gamble (NYSE: PG ). (You can make a
complicated case for many others like American Telephone & Telegraph, for
instance, which is just one thread of the tangled fabric of AT&T (NYSE: T )
history but let's keep moving.) 31. Believe it or not, GE stock actually has
outperformed the Dow since even after its meltdown during the financial crisis,
up about 1,580 since August 1961 vs. 1,270% for the DJIA. 32. And Dupont has
underperformed in an ugly way. The stock is up only about 680% since 1961, half
the gains of the broader market. And it didn't pay its first dividend until
1987. 33. Six Flags (NYSE: SIX ) turns 50 this year too, born in 1961 as "Six
Flags Over Texas" opened. 34. Imation (NYSE: IMN ) brand Memorex got its start
in 1961, too, focusing on computer tapes. 35. Publicly traded trucker J.B. Hunt
(NASDAQ: JBHT ) also is 50 in a few days, incorporated in Arkansas on Aug. 10,
1961. 36. Eyewear stock Luxotica (NYSE: LUX ) also got its start in 1961, 50
years ago. Now on to the bigger economic issues of 1961, some hard numbers with
real impact and some fun marketing facts: 37. Unemployment was almost half what
it is today, at just 5.5% 38. Minimum wage in 1961: $1.15 an hour. 39. Median
family income 50 years ago was about $5,700 per year. 40. U.S. debt as a
percentage of GDP was about 55% when Eisenhower left office. That was down from
about 70% when he entered the White House in 1953, and about half the levels
under Truman at the end of World War II about 16 years earlier. 41. The largest
recorded strike in history ended a 33 year spat by Danish barbers assistants.
Strange barbers fixed a labor dispute right before the era of long hair but
true. 42. OPEC (Organization of Petroleum Exporting Countries) is formally
constituted. 43. In early 1961, President Dwight Eisenhower announced the U.S.
would sever diplomatic relations with Cuba and soon would employ economic and
trade sanctions. 44. Before leaving office, President Eisenhower also issued a
warning with a now infamous phrase about the military industrial complex
developing in America. 45. The first American astronaut, Navy Commander Alan B.
Shepard, rockets 116.5 miles up, kicking off the history of manned space flight.
46. Frito corn chips appear on the snack food scene, marketed by the Frito Kid
predecessor to the Frito Bandito. 47. Barbie gets a boyfriend when the Ken doll
is introduced. The move helps the Barbie line cement its status a toy store
staple for decades to come. 48. Black & Decker introduced the first cordless
power drill, powered by nickle-cadmium. Wives everywhere have less sympathy for
husbands who claim they don't have time to fix things around the house. 49.
Ibuprofen was introduced to the public. It wouldn't become available as an
over-the-counter drug in 1984. 50. The Yankees would go on to win the World
Series. Hey, it's not strictly economic but there's too much money in those
pinstripes these days to ignore a shoutout to the Mantle and Maris home run
chase that year. Jeff Reeves is the editor of InvestorPlace.com. As of this
writing, he did not own a position in any of the stocks named here. Follow him
on Twitter via @JeffReevesIP and become a fan of InvestorPlace on Facebook .
multiple birthday parties (and a little campaign fundraising) on his big day.
Since I am a big fan of stock market trivia, I thought it would be fun to throw
together some fun facts about where the market and the nation's economy was 50
years ago when Obama was born. Some facts about the market are just interesting.
Others about the nation's debts or unemployment rate might make you long for
better times. But, at any rate, here's my fun list of 50 economic facts after
Obama's 50 th birthday: 1. In May of 1961, the Dow closed above 700 for the
first time ever. 2. The adjusted close for the Dow on Aug. 4, 1961, was 720.69.
3. That marked a 1,660% gain since the index debuted 65 years earlier at at
40.94 on May 26, 1896. 4. That's almost 25% per year annually. 5. The stock
market was in raging bull mode in 1961. The Dow was up for a roughly 400% gain
in just 12 years, from a level around 150 in 1949. 6. That's over 33% annually
from 1949 to 1961. 7. Currently, the index is up 1,270% since that close of
720.69 in 1961. 8. Annualized, that's about 25% a year. 9 to 29. Dow
components in 1961 were: Allied Chemical Aluminum Company of America American
Can American Telephone & Telegraph American Tobacco B Anaconda Copper Bethlehem
Steel Chrysler Du Pont Eastman Kodak Company General Electric Company General
Foods General Motors Corporation Goodyear International Harvester International
Nickel International Paper Company Johns-Manville Owens-Illinois Glass Procter &
Gamble Company Sears Roebuck & Company Standard Oil of California Standard Oil
(NJ) Swift & Company Texaco Incorporated (formerly Texas Company) Union Carbide
United Aircraft U.S. Steel Westinghouse Electric Woolworth 30. The only current
components that were truly part of the 1961 Dow are General Electric (NYSE: GE
), Alcoa (NYSE: AA ), which was formerly known as the Aluminum Company of
America , Dupont (NYSE: DD ) and Procter & Gamble (NYSE: PG ). (You can make a
complicated case for many others like American Telephone & Telegraph, for
instance, which is just one thread of the tangled fabric of AT&T (NYSE: T )
history but let's keep moving.) 31. Believe it or not, GE stock actually has
outperformed the Dow since even after its meltdown during the financial crisis,
up about 1,580 since August 1961 vs. 1,270% for the DJIA. 32. And Dupont has
underperformed in an ugly way. The stock is up only about 680% since 1961, half
the gains of the broader market. And it didn't pay its first dividend until
1987. 33. Six Flags (NYSE: SIX ) turns 50 this year too, born in 1961 as "Six
Flags Over Texas" opened. 34. Imation (NYSE: IMN ) brand Memorex got its start
in 1961, too, focusing on computer tapes. 35. Publicly traded trucker J.B. Hunt
(NASDAQ: JBHT ) also is 50 in a few days, incorporated in Arkansas on Aug. 10,
1961. 36. Eyewear stock Luxotica (NYSE: LUX ) also got its start in 1961, 50
years ago. Now on to the bigger economic issues of 1961, some hard numbers with
real impact and some fun marketing facts: 37. Unemployment was almost half what
it is today, at just 5.5% 38. Minimum wage in 1961: $1.15 an hour. 39. Median
family income 50 years ago was about $5,700 per year. 40. U.S. debt as a
percentage of GDP was about 55% when Eisenhower left office. That was down from
about 70% when he entered the White House in 1953, and about half the levels
under Truman at the end of World War II about 16 years earlier. 41. The largest
recorded strike in history ended a 33 year spat by Danish barbers assistants.
Strange barbers fixed a labor dispute right before the era of long hair but
true. 42. OPEC (Organization of Petroleum Exporting Countries) is formally
constituted. 43. In early 1961, President Dwight Eisenhower announced the U.S.
would sever diplomatic relations with Cuba and soon would employ economic and
trade sanctions. 44. Before leaving office, President Eisenhower also issued a
warning with a now infamous phrase about the military industrial complex
developing in America. 45. The first American astronaut, Navy Commander Alan B.
Shepard, rockets 116.5 miles up, kicking off the history of manned space flight.
46. Frito corn chips appear on the snack food scene, marketed by the Frito Kid
predecessor to the Frito Bandito. 47. Barbie gets a boyfriend when the Ken doll
is introduced. The move helps the Barbie line cement its status a toy store
staple for decades to come. 48. Black & Decker introduced the first cordless
power drill, powered by nickle-cadmium. Wives everywhere have less sympathy for
husbands who claim they don't have time to fix things around the house. 49.
Ibuprofen was introduced to the public. It wouldn't become available as an
over-the-counter drug in 1984. 50. The Yankees would go on to win the World
Series. Hey, it's not strictly economic but there's too much money in those
pinstripes these days to ignore a shoutout to the Mantle and Maris home run
chase that year. Jeff Reeves is the editor of InvestorPlace.com. As of this
writing, he did not own a position in any of the stocks named here. Follow him
on Twitter via @JeffReevesIP and become a fan of InvestorPlace on Facebook .
Intel (NASDAQ:INTC) Investing In Cloud Structure
Intel (NASDAQ:INTC) has plans to invest $30 million for two ISTC to strengthen
cloud computing research. Intel (NASDAQ:INTC) Investing In Cloud Structure The
largest chip maker Intel (NASDAQ:INTC) is planning to invest $30 million to
strengthen their cloud and embedded computing research in five years. As part of
the plan, the company launched two Intel (NASDAQ:INTC) Science and Technology
Centers (ISTC) hosted at Carnegie Mellon University and has invited researchers
to submit their ideas. Justin Rattner, Intel (NASDAQ:INTC) chief technology
officer, said, These new ISTCs are expected to open amazing possibilities.
Imagine, for example, future cars equipped with embedded sensors and
microprocessors to constantly collect and analyze traffic and weather data. That
information could be shared and analyzed in the cloud so that drivers could be
provided with suggestions for quicker and safer routes". Intel Corp.
(NASDAQ:INTC) shares were at 20.9 at the end of the last days trading. Theres
been a -7.2% change in the stock price over the past 3 months. Intel Corp.
(NASDAQ:INTC) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.97 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.87 Zacks
Rank: 2 out of 7 in the industry
cloud computing research. Intel (NASDAQ:INTC) Investing In Cloud Structure The
largest chip maker Intel (NASDAQ:INTC) is planning to invest $30 million to
strengthen their cloud and embedded computing research in five years. As part of
the plan, the company launched two Intel (NASDAQ:INTC) Science and Technology
Centers (ISTC) hosted at Carnegie Mellon University and has invited researchers
to submit their ideas. Justin Rattner, Intel (NASDAQ:INTC) chief technology
officer, said, These new ISTCs are expected to open amazing possibilities.
Imagine, for example, future cars equipped with embedded sensors and
microprocessors to constantly collect and analyze traffic and weather data. That
information could be shared and analyzed in the cloud so that drivers could be
provided with suggestions for quicker and safer routes". Intel Corp.
(NASDAQ:INTC) shares were at 20.9 at the end of the last days trading. Theres
been a -7.2% change in the stock price over the past 3 months. Intel Corp.
(NASDAQ:INTC) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.97 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.87 Zacks
Rank: 2 out of 7 in the industry
The ONLY Strategy for a Bull Market is to Buy and Keep on Buying - The Trend is Your Friend
Gold Price Close Today : 1602.10 Change : 12.30 or 0.8% Silver Price Close
Today : 40.211 Change : (0.122) or -0.3% Gold Silver Ratio Today : 39.84 Change
: 0.425 or 1.1% Silver Gold Ratio Today : 0.02510 Change : -0.000271 or -1.1%
Platinum Price Close Today : 1767.80 Change : -7.40 or -0.4% Palladium Price
Close Today : 787.25 Change : -8.50 or -1.1% S&P 500 : 1,326.73 Change : 21.29
or 1.6% Dow In GOLD$ : $162.41 Change : $ 1.39 or 0.9% Dow in GOLD oz : 7.857
Change : 0.067 or 0.9% Dow in SILVER oz : 313.03 Change : 5.96 or 1.9% Dow
Industrial : 12,587.42 Change : 202.26 or 1.6% US Dollar Index : 75.16 Change :
-0.327 or -0.4% The proverb says, "A cobbler should stick to his last." The
"last" is the form a cobbler makes shoes on, so it means that you should stick
to what you do best and most profitably.. In the last 2-1/2 months I have been
steadily whipped in trying to find a bottom in silver and gold's reaction off
their end-April highs. They simply have not unfolded as I expected. Problem is,
trying to get a little better price for people, I have told some to hold off for
those better prices, just in time to watch silver and gold skyrocket. In a bull
market, waiting to buy is almost always -- with few exceptions -- a mistake Your
shoemaker's last is identifying and aligning yourself with the primary trend
that will last 15 - 20 years. Your last is not trying to scalp out silver and
gold at the correction's plumb bottom. If you buy and it drops 10%, it won't
matter in the long run for the market will double, triple or quadruple. The
trend will bail out your worst timing mistakes. So don't ever expect to hear me
say "Wait to buy" again. I'll tell you what I think the market is doing, but
y'all need to remember that the ONLY strategy for a bull market is to buy and
keep on buying. The trend is your friend. Today y'all saw a very overbought gold
and silver market spooked by silly, inconsequential news. The euro eased up on
hopes that an EU summit would fix the sovereign debt crisis (it won't), then
O'Bama said the budget plan floated by the "Gang of Six" senators might break
the impasse over raising the federal debt ceiling (not likely). Even if the Gang
of Six plan were adopted, it would only cut $4 trillion over 10 years -- they
have to multiply the reductions by 10 years, otherwise you couldn't find them
with an electron microscope. But multiply a $3.5 trillion budget, which WILL NOT
stop growing, by 10 to $35 trillion, then divide $4 trillion by that. It's a
minute 11.4%. Friends, when over 30% of income in the US comes from direct
federal government spending, that's not a dwarf star in a dark sky. The European
crisis will be papered over with a "re-scheduling" which will bail out the banks
and feed those tapeworms even more fatly and permanently on the victim
countries. The debt ceiling question is 100% theater, as every goof involved
knows they have no choice and no will but to raise the debt ceiling. They are
quibbling about $100 million. If you were spending too much on your $2000
monthly budget and tightened your belt by a like amount you would be struggling
along on only $1,999.94. Drama, the theater of the despicable. But the Beast of
Muddy Brain can't see it, and so is sucked in to its own destruction and deceit,
flaring in empty hope when O'Bama speaks a kind word toward a deal. To fix the
problem requires a will to let the bankrupt fail, let unemployment rise, let bad
debt be written off, suffer two years of economic agony, and never again be
seduced by the Keynesian stupidity that government can guarantee prosperity by
borrowing and spending. Or that individuals can prosper by borrowing to consume.
Since you won't see that until Ben Bernancubus can walk on water, you will see
more of the same stupidity until finally the machine grinds to a
hyperinflationary halt and a dictator arises to decorate the lampposts with
bankers and their politician flunkies. Pray for a better outcome. The Gold Price
hit $1,609.89 today and was rolling along for what anyone might have expected to
be an easy down day. Comex closed down only $1.20 at $1,600.90 after a $1,609.90
high. Then came the announcement shortly after the close, and in less than half
an hour after market gold dropped to $1,585, then to $1,582.30. Support lies at
$1,575 - $1,580, then $1,560. Lowest extent of the fall will probably hit
tomorrow, for I don't expect this to last long. Unless gold drops significantly
below $1,560, I believe it has begun a new rally. But watch $1,560, and the 20
DMA at $1,430. Absent that gainsaying below-$1,560 close, the Gold Price should
reach $1,675 before it really corrects. The Silver Price had lost only 12.2c by
the time Comex closed at 4021.1c. Then came the "News" and in a few more than 30
minutes silver had lost 100c, then hit a low at 3853c. It quickly recovered and
climbed above 3900c in the aftermarket, but will take another blow tomorrow.
Support comes at 3850c and at 3800. I will buy at 3850c and buy more at 3800c.
Yes, I am aware this all might be a trap and silver might drop thru the whole
support area 3350c - 3850c, but I'll buy some anyway. TODAY stocks, oversold and
grasping at straws, jumped in a single mighty bound on open from below 12,400
Dow to above 12,500 and then to 12,600. Dow closed up 202.26 (1.83%) at
12,587.42 and S&P500 added 21.29 to end up 1.63% at 1,326.73 Think. Ponder.
Savor the thought. Once upon a time stock markets were driven by economic
realities; today they are driven by political will o' the wisps. Stocks have
become the Bigfoot in the Investment Menagerie. Do yourself a favor: get out of
the middle of the road. Eighteen wheeler's coming. Sell your stocks. Dollar
index took a blow to the chin today, dropping 26.2 basis points to 75.221 (down
0.34%). Remains above support at 74.80 and above 20 and 50 DMAs (75.10 and
75.02). Uptrend unbroken. Euro put a little profit in day traders' pockets
today, but without altering anything on the chart. Remains in a downtrend. Of
course, if the Euro summit on Thursday publishes some bogus "solution", euro
will jump, probably to 1.4500. But if they really do solve anything, well, I'll
grow me a tail, swing through the trees and start eating bugs and leaves for a
living. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2011, The
Moneychanger. May not be republished in any form, including electronically,
without our express permission. To avoid confusion, please remember that the
comments above have a very short time horizon. Always invest with the primary
trend. Gold's primary trend is up, targeting at least $3,130.00; silver's
primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend
is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or
US$-denominated assets, primary trend down; real estate in a bubble, primary
trend way down. Whenever I write "Stay out of stocks" readers inevitably ask,
"Do you mean precious metals mining stocks, too?" No, I don't. Be advised and
warned: Do NOT use these commentaries to trade futures contracts. I don't intend
them for that or write them with that outlook. I write them for long-term
investors in physical metals. Take them as entertainment, but not as a timing
service for futures.
Today : 40.211 Change : (0.122) or -0.3% Gold Silver Ratio Today : 39.84 Change
: 0.425 or 1.1% Silver Gold Ratio Today : 0.02510 Change : -0.000271 or -1.1%
Platinum Price Close Today : 1767.80 Change : -7.40 or -0.4% Palladium Price
Close Today : 787.25 Change : -8.50 or -1.1% S&P 500 : 1,326.73 Change : 21.29
or 1.6% Dow In GOLD$ : $162.41 Change : $ 1.39 or 0.9% Dow in GOLD oz : 7.857
Change : 0.067 or 0.9% Dow in SILVER oz : 313.03 Change : 5.96 or 1.9% Dow
Industrial : 12,587.42 Change : 202.26 or 1.6% US Dollar Index : 75.16 Change :
-0.327 or -0.4% The proverb says, "A cobbler should stick to his last." The
"last" is the form a cobbler makes shoes on, so it means that you should stick
to what you do best and most profitably.. In the last 2-1/2 months I have been
steadily whipped in trying to find a bottom in silver and gold's reaction off
their end-April highs. They simply have not unfolded as I expected. Problem is,
trying to get a little better price for people, I have told some to hold off for
those better prices, just in time to watch silver and gold skyrocket. In a bull
market, waiting to buy is almost always -- with few exceptions -- a mistake Your
shoemaker's last is identifying and aligning yourself with the primary trend
that will last 15 - 20 years. Your last is not trying to scalp out silver and
gold at the correction's plumb bottom. If you buy and it drops 10%, it won't
matter in the long run for the market will double, triple or quadruple. The
trend will bail out your worst timing mistakes. So don't ever expect to hear me
say "Wait to buy" again. I'll tell you what I think the market is doing, but
y'all need to remember that the ONLY strategy for a bull market is to buy and
keep on buying. The trend is your friend. Today y'all saw a very overbought gold
and silver market spooked by silly, inconsequential news. The euro eased up on
hopes that an EU summit would fix the sovereign debt crisis (it won't), then
O'Bama said the budget plan floated by the "Gang of Six" senators might break
the impasse over raising the federal debt ceiling (not likely). Even if the Gang
of Six plan were adopted, it would only cut $4 trillion over 10 years -- they
have to multiply the reductions by 10 years, otherwise you couldn't find them
with an electron microscope. But multiply a $3.5 trillion budget, which WILL NOT
stop growing, by 10 to $35 trillion, then divide $4 trillion by that. It's a
minute 11.4%. Friends, when over 30% of income in the US comes from direct
federal government spending, that's not a dwarf star in a dark sky. The European
crisis will be papered over with a "re-scheduling" which will bail out the banks
and feed those tapeworms even more fatly and permanently on the victim
countries. The debt ceiling question is 100% theater, as every goof involved
knows they have no choice and no will but to raise the debt ceiling. They are
quibbling about $100 million. If you were spending too much on your $2000
monthly budget and tightened your belt by a like amount you would be struggling
along on only $1,999.94. Drama, the theater of the despicable. But the Beast of
Muddy Brain can't see it, and so is sucked in to its own destruction and deceit,
flaring in empty hope when O'Bama speaks a kind word toward a deal. To fix the
problem requires a will to let the bankrupt fail, let unemployment rise, let bad
debt be written off, suffer two years of economic agony, and never again be
seduced by the Keynesian stupidity that government can guarantee prosperity by
borrowing and spending. Or that individuals can prosper by borrowing to consume.
Since you won't see that until Ben Bernancubus can walk on water, you will see
more of the same stupidity until finally the machine grinds to a
hyperinflationary halt and a dictator arises to decorate the lampposts with
bankers and their politician flunkies. Pray for a better outcome. The Gold Price
hit $1,609.89 today and was rolling along for what anyone might have expected to
be an easy down day. Comex closed down only $1.20 at $1,600.90 after a $1,609.90
high. Then came the announcement shortly after the close, and in less than half
an hour after market gold dropped to $1,585, then to $1,582.30. Support lies at
$1,575 - $1,580, then $1,560. Lowest extent of the fall will probably hit
tomorrow, for I don't expect this to last long. Unless gold drops significantly
below $1,560, I believe it has begun a new rally. But watch $1,560, and the 20
DMA at $1,430. Absent that gainsaying below-$1,560 close, the Gold Price should
reach $1,675 before it really corrects. The Silver Price had lost only 12.2c by
the time Comex closed at 4021.1c. Then came the "News" and in a few more than 30
minutes silver had lost 100c, then hit a low at 3853c. It quickly recovered and
climbed above 3900c in the aftermarket, but will take another blow tomorrow.
Support comes at 3850c and at 3800. I will buy at 3850c and buy more at 3800c.
Yes, I am aware this all might be a trap and silver might drop thru the whole
support area 3350c - 3850c, but I'll buy some anyway. TODAY stocks, oversold and
grasping at straws, jumped in a single mighty bound on open from below 12,400
Dow to above 12,500 and then to 12,600. Dow closed up 202.26 (1.83%) at
12,587.42 and S&P500 added 21.29 to end up 1.63% at 1,326.73 Think. Ponder.
Savor the thought. Once upon a time stock markets were driven by economic
realities; today they are driven by political will o' the wisps. Stocks have
become the Bigfoot in the Investment Menagerie. Do yourself a favor: get out of
the middle of the road. Eighteen wheeler's coming. Sell your stocks. Dollar
index took a blow to the chin today, dropping 26.2 basis points to 75.221 (down
0.34%). Remains above support at 74.80 and above 20 and 50 DMAs (75.10 and
75.02). Uptrend unbroken. Euro put a little profit in day traders' pockets
today, but without altering anything on the chart. Remains in a downtrend. Of
course, if the Euro summit on Thursday publishes some bogus "solution", euro
will jump, probably to 1.4500. But if they really do solve anything, well, I'll
grow me a tail, swing through the trees and start eating bugs and leaves for a
living. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2011, The
Moneychanger. May not be republished in any form, including electronically,
without our express permission. To avoid confusion, please remember that the
comments above have a very short time horizon. Always invest with the primary
trend. Gold's primary trend is up, targeting at least $3,130.00; silver's
primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend
is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or
US$-denominated assets, primary trend down; real estate in a bubble, primary
trend way down. Whenever I write "Stay out of stocks" readers inevitably ask,
"Do you mean precious metals mining stocks, too?" No, I don't. Be advised and
warned: Do NOT use these commentaries to trade futures contracts. I don't intend
them for that or write them with that outlook. I write them for long-term
investors in physical metals. Take them as entertainment, but not as a timing
service for futures.
Ford MSN Money Stock Quotes F DJIA index DJX stock market close review Today
This past week was a bad one for the stock market and the murmurs on Wall
Street regarding a potential double dip recession are growing. Stocks ended the
last session mixed but were decisively below breakeven to finish off the week.
The DJI, Nasdaq and S&P 500 all finished off in the red for the week overall.
Specifically, the Dow Jones was negative for the week by almost 6 percent. The
S&P 500 fell for the week by 7 percent and the Nasdaq dropped lower overall for
the week by 8 percent. The pressures of the global economy cant be ignored. This
was evident on Friday when indices popped up higher after some better than
expected jobs data but then sank lower again due to global market pressure.
Stock trends were volatile and unpredictable at times and investors had
difficulty anticipating direction. The uncertainty caused fear and the fear
caused plummeting trends. All three major indices ended the week so low that
they ultimately wiped out any remaining gains that they had built over the
course of this year. Investor fear on Wall Street is now heightened and this
fear is hurting individual company stock values. According to MSN Money stock
quotes, Ford Motor Co. stock finished last trading session in the red. Ford was
lower by .18 percent and closed out last trade at 10.84. Previous close for Ford
was 10.86. Frank Matto
Street regarding a potential double dip recession are growing. Stocks ended the
last session mixed but were decisively below breakeven to finish off the week.
The DJI, Nasdaq and S&P 500 all finished off in the red for the week overall.
Specifically, the Dow Jones was negative for the week by almost 6 percent. The
S&P 500 fell for the week by 7 percent and the Nasdaq dropped lower overall for
the week by 8 percent. The pressures of the global economy cant be ignored. This
was evident on Friday when indices popped up higher after some better than
expected jobs data but then sank lower again due to global market pressure.
Stock trends were volatile and unpredictable at times and investors had
difficulty anticipating direction. The uncertainty caused fear and the fear
caused plummeting trends. All three major indices ended the week so low that
they ultimately wiped out any remaining gains that they had built over the
course of this year. Investor fear on Wall Street is now heightened and this
fear is hurting individual company stock values. According to MSN Money stock
quotes, Ford Motor Co. stock finished last trading session in the red. Ford was
lower by .18 percent and closed out last trade at 10.84. Previous close for Ford
was 10.86. Frank Matto
Friday’s Apple Rumors: Long Way to $540
Here are your Apple rumors and news items for Friday: $540: Wall street
analysts had been predicting that Apple's (NASDAQ: AAPL ) stock would break
the $400 barrier since early 2010. Now that the milestone has been passed
(although shares are down to $366 with the market's recent tanking), whats the
next goal? According to Needham analyst Charlie Wolf, the new target is $540.
Quoted in a report at Apple Insider , Wolf raised his 12-month price target for
Apple to that level from $450. The reason for the boost is Wolf's greater
expectations for Mac and App Store revenue, as well as a major increase in iPad
shipments in 2012. Wolf believes that Apple will ship more than 54 million
tablets next year. Your Battery Isnt Dead, Just Hacked: Tech hacker Charlie
Miller claims he can remotely shut down a Mac laptops battery or maybe even
cause it to explode. Miller gave a presentation at the Black Hat security
conference in Las Vegas and broke down just how vulnerable Apples products are
to malicious attacks. The aforementioned battery manipulation can be
accomplished by simply changing how the computer itself and the chip that
activates battery charging interact. Miller went on to say that he believes Macs
are now more secure thanks to the new Lion operating system. Nothing like the
threat of explosions to boost sales. TouchPad Gets Cheaper: Hewlett-Packard s
(NYSE: HPQ ) iPad competitor is having a slow start, and after just one month on
shelves, the 16-GB TouchPad has dropped in price to $399 from $499. The 32-GB
model, originally retailing at $599, is being sold by outlets like Costco
(NASDAQ: COST ) for just $479. Can beating Apple on price help H-Ps tablet get
off the ground? Maybe. As of this writing, Anthony John Agnello did not own a
position in any of the stocks named here. Follow him on Twitter at
analysts had been predicting that Apple's (NASDAQ: AAPL ) stock would break
the $400 barrier since early 2010. Now that the milestone has been passed
(although shares are down to $366 with the market's recent tanking), whats the
next goal? According to Needham analyst Charlie Wolf, the new target is $540.
Quoted in a report at Apple Insider , Wolf raised his 12-month price target for
Apple to that level from $450. The reason for the boost is Wolf's greater
expectations for Mac and App Store revenue, as well as a major increase in iPad
shipments in 2012. Wolf believes that Apple will ship more than 54 million
tablets next year. Your Battery Isnt Dead, Just Hacked: Tech hacker Charlie
Miller claims he can remotely shut down a Mac laptops battery or maybe even
cause it to explode. Miller gave a presentation at the Black Hat security
conference in Las Vegas and broke down just how vulnerable Apples products are
to malicious attacks. The aforementioned battery manipulation can be
accomplished by simply changing how the computer itself and the chip that
activates battery charging interact. Miller went on to say that he believes Macs
are now more secure thanks to the new Lion operating system. Nothing like the
threat of explosions to boost sales. TouchPad Gets Cheaper: Hewlett-Packard s
(NYSE: HPQ ) iPad competitor is having a slow start, and after just one month on
shelves, the 16-GB TouchPad has dropped in price to $399 from $499. The 32-GB
model, originally retailing at $599, is being sold by outlets like Costco
(NASDAQ: COST ) for just $479. Can beating Apple on price help H-Ps tablet get
off the ground? Maybe. As of this writing, Anthony John Agnello did not own a
position in any of the stocks named here. Follow him on Twitter at
Company Earnings News: (GOLD), (BKH), (MCHX), (VISN), (CPNO)
Company Earnings News: (GOLD), (BKH), (MCHX), (VISN), (CPNO) Takeover Chatter -
1 hour ago Randgold Resources Ltd (GOLD) announced their most recent earnings
results for the quarter ended in June 2011. Earnings came in at $1.22 per share
compared to analyst estimates of $0.81 per share ...
1 hour ago Randgold Resources Ltd (GOLD) announced their most recent earnings
results for the quarter ended in June 2011. Earnings came in at $1.22 per share
compared to analyst estimates of $0.81 per share ...
Google Alert - gas prices today
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| Drivers save on gas by paying in cash Poughkeepsie Journal Prices under $4 are likely to be cash prices. A fill-up today for 18 gallons can easily top $70, which for many will mean a trip to the bank or ATM before heading to the pump. New Windsor resident Rebecca Jones, 56, has a choice of two nearby gas ... See all stories on this topic » | ||
| Drivers not happy with government's silence about gas prices Kurdish Globe "It cost 32500 Iraqi dinars to fill my car 10 days ago, but I had to pay 52000 ID today. I have to pay 80000 ID more a month for gas, which means 1200 ID for a liter while it was only 650 ID a few days ago," said Muhammad. ... See all stories on this topic » |
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Look for Lower Silver and Gold Prices
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold Price Close Today : 1,648.80 Gold Price Close 29-Jul : 1,628.30 Change : 20.50 or 1.3% Silver Price Close Today : 3819.7 Silver Price Close 29-Jul : 4009.2 Change : -189.50 or -4.7% Gold Silver Ratio Today : 43.166 Gold Silver Ratio 29-Jul : 40.614 Change : 2.55 or 6.3% Silver Gold Ratio : 0.02317 Silver Gold Ratio 29-Jul : 0.02462 Change : -0.00146 or -5.9% Dow in Gold Dollars : $ 143.65 Dow in Gold Dollars 29-Jul : $ 154.16 Change : $ (10.51) or -6.8% Dow in Gold Ounces : 6.949 Dow in Gold Ounces 29-Jul : 7.458 Change : -0.51 or -6.8% Dow in Silver Ounces : 299.97 Dow in Silver Ounces 29-Jul : 302.88 Change : -2.91 or -1.0% Dow Industrial : 11,457.93 Dow Industrial 29-Jul : 12,143.24 Change : -685.31 or -5.6% S&P 500 : 1,201.16 S&P 500 29-Jul : 1,292.28 Change : -91.12 or -7.1% US Dollar Index : 74.489 US Dollar Index 29-Jul : 73.868 Change : 0.621 or 0.8% Platinum Price Close Today : 1,719.00 Platinum Price Close 29-Jul : 1,778.10 Change : -59.10 or -3.3% Palladium Price Close Today : 740.10 Palladium Price Close 29-Jul : 826.10 Change : -86.00 or -10.4% Despite the turmoil this week, the Gold Price managed to gain $20.50, while the Silver Price took a bad whupping with a barbed wire whip, but nothing compared to stocks. The PLATINUM PRICE tanked and PALLADIUM PRICE busted. Leave them alone. Can you picture how the phone lines are heating up from central bank to central bank around the world? Hot enough to fry peppers. Poor Nice Government Men, trying to prop up the euro and stop that money from flying into their own currency. Japanese were brash enough to come out and announce it. US Dollar Index today lost 63.5 basis points to 74.489, down 0.82%. Gave back half of what it gained yesterday. THIS is how NGM “stabilize” markets. Despite all, Dollar Index has certainly not broken down and is still grinding out a bottom from which to stage a rally. Remember than in 2008 dollar rallied from 76.15 in late September to 88.19 in November. Panic does that. Euro mysteriously rose today to close 1.4291, up 1.35%. A great Potemkin currency. Look for 120. Yen regained some of yesterday’s huge loss, closing Y78.43/$ (127.51c/Y100). Still below 20 day moving average and still with that samurai sword hanging over it. I was just curious what the measured targets of those head and shoulders formations in the S&P500 and Dow might be, so I calculated them: 10,904 for the Dow and 1,140 for the S&P500. Now I know the problem with watching markets is that we grow too pessimistic when the market’s dropping and too optimistic when it’s rising. You might see a sudden rally back up to 12,000. Might. But 10,904 isn’t far from here, either. Dow rose 0.65% or 74.25 points today to close at 11,457.93. Muse a moment. January 2000 sic high was 11,722. Ten years later, stocks are still where they were. Merely to have stayed even with inflation the Dow would have to be 15,365. That’s nearly a 25% purchasing power loss. In the same time they’ve lost over 80% against gold and silver. Stocks — like sending out for the barber to bleed you when you have pneumonia. The Gold Price couldn’t quite make up its mind today, ranging from 1670 to 1647.75, but closed near the day’s low on Comex at $1,648.80, down $7.40. Then in the aftermarket it kept climbing to $1,663. Don’t get too excited about that. It can well be explained as shorts covering before the weekend in what may be a world wide panic. Anyway, it didn’t take gold high enough to do anything more than establish a downtrend with a lower high. The Gold Price has drawn its line in the sand at $1,640. Strong support lurks at $1,605. If gold closes above $1,680, that will tell us it has decided to RISE during this financial crisis instead of falling. Look for lower Gold Price S. If I contented myself with saying silver had lost 189.5c from Friday to Friday, I would be calling King Kong a “fair-sized monkey.” From the week’s high close at 4174.7c silver lost 355c to close Comex today at 3819.7c. It lost 122.1c today. Gold/Silver ratio closed at 43.166, up a full ounce from yesterday. Silver had a huge 230c range today from 3981 to 3749. After yesterday’s huge waterfall silver’s bounce was tiny, and regained nothing. Climbed in the aftermarket a little, but clearing books for the looming weekend explains that. The Silver Price will move lower. First target is the 200 day moving average, now at 3366c. Any close above 4175c gainsays that. The mess in Europe is not fixable. The banks might be cobbled together again, but not without swift, decisive measures. Of all the EU government and EC responses, none have been swift and decisive. Since they have only two weapons, Liquidity and Blarney, they have only one choice: PRINT MORE MONEY. Caught in the deadly contagion of crisis and panic in the interwebbed world of Globalism they themselves have woven, US authorities will respond with the same weapon: PRINT MORE MONEY. This will worsen all the economic problems, perhaps even ushering in a hyperinflationary depression. In the immediate future there’s better than a 50/50 chance Europe will drag the US into crisis. Here are my suggestions for self-protection: 1. Get liquid. Pay down debt as much as you can. Sell non-performing investments, like stocks, or investments that will suffer from depression or inflation. 2. Close out leveraged positions. Markets are way too volatile for that. 3. Hold on to silver and gold. 4. Hang on to cash anticipating great bargains in a crisis. Remember gold went to $700 and silver to 880c. Gold/silver ratio went to 84, offering a great gold to silver swap. Not expecting those numbers again, but we might see the analogs. 5. Fill up propane tanks, home gasoline or diesel tanks. 6. Stock up on food — long term storage food, not smoked oysters and tomato soup. Rice, for instance. Dehydrated food. MREs. 7. Stock up on ammo. 8. Get out of the city, or at least have a country place waiting to receive you. Don’t wait, and don’t misunderstand. The numbers above are NOT my targets for silver and gold. As yet I am not even sure gold will act as it did the last time, plummeting while the dollar rocketed. Maybe gold will drain off some of that flight to quality from the dollar. Don’t be fooled by my calm words, either. Y’all are reading the equivalent of an air raid siren, and y’all had better run for cover. MILK NAZIS STRIKE AGAIN! Government guardians of the public health are at it again, arresting the owners of Rawesome Foods in Los Angeles and even the head of the local Weston A. Price Foundation chapter. What called forth the SWAT team? Milk. Deadly raw milk. You see, in Los Angeles the murder rate is so low, and drug traffic so rare, the authorities have time to focus on the real criminals who dare to sell raw milk, which, after all, has not yet been proven safe in the 6,500 years mankind has been guzzling it. If the government didn’t stop this insolent crime why, health might break out all over, and what would we do then? Who would drink the High Fructose Corn Syrup soft drinks? Who would take all Big Pharma’s drugs? It would be a national catastrophe. The purpose of all regulation is to stifle competition. Milk is the most consumed food in the US. Who subsidizes the milk industry that produces all that dead and deadly pasteurized milk? Whoops — the US government. My dear friend Catherine Austin Fitts published an article today analyzing the effect of stifling competition. Y’all will want to go read it at http://solari.com/blog/?p=13360 . Don’t miss it. Y’all enjoy your weekend. Argentum et aurum comparenda sunt — – Gold and silver must be bought. – Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2011, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold’s primary trend is up, targeting at least $3,130.00; silver’s primary is up targeting 16:1 gold/silver ratio or $195.66; stocks’ primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down. Whenever I write “Stay out of stocks” readers inevitably ask, “Do you mean precious metals mining stocks, too?” No, I don’t. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don’t intend them for that or write them with that outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.
Gold prices silver price per ounce todays spot gold price per gram spot silver price per kilo; gold silver investing stock market today
XCSFDHG46767FHJHJF
dow2664 The marketplace was choppy and volatile yesterday and the major index composites ended the day mixed. Gold and silver prices ended the day lower as they closed in negative territory. Red was the hue observed across the majority of the primary metal board. The safe havens did not get as much attention during the last session as expected. It was a bad week for stocks, one of the worst weeks in the past couple years. The GDP was weak. The consumer spending report was weak. The manufacturing report was weak. The added jobs were below the number needed to keep pace with population growth. All these economic posts pushed stocks lower. Seemingly a prime environment for precious metal gold to prosper. It did not however. Gold contract for December delivery fell lower by .43 percent or 7.20 to close out at 1651.80 per troy ounce. Silver for September delivery dropped lower by 3.09 percent per troy ounce. After last session close, spot gold and spot silver prices were moving in divergent directions. Spot gold price per gram was moving higher by .23 at 53.48 and spot gold price per kilo was higher by 231.16 at 53479.23. Spot silver price per kilo was higher by 35.37 at 1231.95 and spot silver price per ounce was higher by 1.10 at 38.32. Camillo Zucari
DJIA Index DJX Dow Jones DJI, Nasdaq, S&P 500 Close Review Stock Market Today Invest Money Profit News
XCSFDHG46767FHJHJF
dow2664 Stock market trends were volatile during the last session in the U.S. and the major index composites ended the session mixed. The Dow Jones Industrial Average ended the day up and the Nasdaq and S&P 500 ended lower. The DJIA was down by .54 percent on the day and closed at 11,444.61. The Nasdaq closed out red by .94 percent and finished off the day at 2,532.41. The S&P 500 closed out in negative territory as well by .06 percent at 1,199.38. The good news came early as the jobs data posted and was initially received as positive. The job market gained strength by adding 117,000 jobs in July. This number far surpassed what most economists were anticipating. The national unemployment rate also ratcheted lower by a tenth of a percent. This economic news skewed positive but when compared to the number of jobs that many experts feel is necessary to keep pace with population growth, it still fell short. Economists feel that at least 150,000 jobs need to be added on a monthly basis to keep pace with population growth. This news was not enough to make those on Wall Street forget the other inadequate reports that posted within the last six open trading days. The weight of the weaker GDP, manufacturing and consumer spending reports continue to weigh on investors not to mention the worries stemming from global debt concerns. The week ended as one of the worst weeks for stock trends in recent years. All three major indices were negative for the week. The DJI was lower by almost 6 percent. The Nasdaq lower by 8 percent and the S&P 500 lower by 7 percent for the week. To top it off, the U.S. is at risk of losing its triple A credit rating. Frank Matto
US Now Has a Lower Bond Rating than France
XCSFDHG46767FHJHJF
dow2664 American’s worst fears have taken place. The rating agency Standard & Poors has just dropped the rating for United States Government bonds from AAA to AA+ , for the first time in history. Yes France still has a AAA rating even though France has a much higher debt per capital ratio than the United States. What is happening to this country?
3 Luxury Stocks to Sell Now
I never like to sell stocks when there is fear in the streets as there is
today. The market plunge Thursday increased the fear in the market to
apocalyptic levels. For the most part, I would be a buyer in this environment.
Some really good stocks with quality earnings like Apple (NASDAQ: AAPL ), Google
(NASDAQ: GOOG ) and others trade for very reasonable prices. Corporate earnings
are strong and growing. Guidance for the future is positive. Companies are
buying back stock and paying huge dividends. Despite the agreement to lower
spending in return for a debt ceiling increase, government dollars continue to
flow into the economy. More is likely on the way. The same is true with the
Federal Reserve. The effects of QE2 have yet to fully hit the economy. Given the
potential for a double-dip recession, the odds for QE3 have increased greatly.
The outlook might not be rosy, but it is not as gloomy as the market is
currently projecting. I fully expect a strong rebound in stocks before the end
of the year. That said, there is one category of stocks that I am bearish on at
the moment: the luxury category, which has enjoyed a run that, frankly, has
defied gravity. At a time when most budgets are constrained, spending on luxury
goods has continued to grow. So too have the profits for many companies selling
luxury goods. As the profits have grown, stocks of luxury companies have been
strong performers in this market. What I find odd about the whole luxury sector
is subtle. During the last economic expansion, the story on luxury stocks was
that these companies were pushing their goods downstream. The ability to
increase sales by selling to the middle class was the investment thesis for
buying luxury stocks. Now, with the middle class evaporating before our eyes,
the story has changed. The investment thesis today is that the rich are
nonplussed by the economic events around the globe. The wealthy class is
expanding, and it continues to spend. Perhaps the rich are spending even more.
Luxury stocks then will be insulated from any recessionary pressures in the
market. I don't like it when stories change. A shift in investment thesis is
altogether too convenient. Given that it is Wall Street that promotes these
investment stories, I am even more skeptical. You simply cannot have it both
ways with luxury stocks. While I would have preferred selling these stocks
before the collapse, there is more room for them to fall. Wall Street may defend
these names, claiming that they can avoid the double dip, but I would not buy
that line. The growth story for luxury required a strong middle class and we are
far and falling further away from having that. Here are three luxury stocks to
sell now:
today. The market plunge Thursday increased the fear in the market to
apocalyptic levels. For the most part, I would be a buyer in this environment.
Some really good stocks with quality earnings like Apple (NASDAQ: AAPL ), Google
(NASDAQ: GOOG ) and others trade for very reasonable prices. Corporate earnings
are strong and growing. Guidance for the future is positive. Companies are
buying back stock and paying huge dividends. Despite the agreement to lower
spending in return for a debt ceiling increase, government dollars continue to
flow into the economy. More is likely on the way. The same is true with the
Federal Reserve. The effects of QE2 have yet to fully hit the economy. Given the
potential for a double-dip recession, the odds for QE3 have increased greatly.
The outlook might not be rosy, but it is not as gloomy as the market is
currently projecting. I fully expect a strong rebound in stocks before the end
of the year. That said, there is one category of stocks that I am bearish on at
the moment: the luxury category, which has enjoyed a run that, frankly, has
defied gravity. At a time when most budgets are constrained, spending on luxury
goods has continued to grow. So too have the profits for many companies selling
luxury goods. As the profits have grown, stocks of luxury companies have been
strong performers in this market. What I find odd about the whole luxury sector
is subtle. During the last economic expansion, the story on luxury stocks was
that these companies were pushing their goods downstream. The ability to
increase sales by selling to the middle class was the investment thesis for
buying luxury stocks. Now, with the middle class evaporating before our eyes,
the story has changed. The investment thesis today is that the rich are
nonplussed by the economic events around the globe. The wealthy class is
expanding, and it continues to spend. Perhaps the rich are spending even more.
Luxury stocks then will be insulated from any recessionary pressures in the
market. I don't like it when stories change. A shift in investment thesis is
altogether too convenient. Given that it is Wall Street that promotes these
investment stories, I am even more skeptical. You simply cannot have it both
ways with luxury stocks. While I would have preferred selling these stocks
before the collapse, there is more room for them to fall. Wall Street may defend
these names, claiming that they can avoid the double dip, but I would not buy
that line. The growth story for luxury required a strong middle class and we are
far and falling further away from having that. Here are three luxury stocks to
sell now:
The World is Ending and Stocks are Plunging (Again)
The major news magazines want you to know that The Debt Crisis Is Even Worse
than You Think (last weeks cover of BusinessWeek , printed in red ink), or that
Europe and the United States are now Turning Japanese in a New Politics of
Paralysis (the cover of The Economist ). Their implication, of course, is that
this has never happened before. We are in uncharted waters, so your wealth is at
risk. On the surface, this scary story is an easy sell. On Tuesday, stocks fell
for the seventh day in a row. The Dow fell 266 points, its worst day since Aug.
11, 2010. On the same day, gold soared to $1,660 per ounce, an all-time high,
even though oil fell 1.2% to $93.79. Then, on Wednesday, the mood worsened. The
Dow fell another 150 points on the opening and gold gained $12 to $1672 (while
oil sank to $92). Wednesday closed slightly up, breaking the string of eight
straight negative days, but Thursday was much worse, with the Dow down more than
512 points, while NASDAQ and the S&P fell nearly 5% on average. Even gold took a
tumble, falling $15 to $1,650, and oil fell more than $5 to $86. Meanwhile,
90-day T-bills offer just 0.01%, while two-year Treasuries sank to a record-low
0.27%. The yield curve is orderly but deflationary: Five-year Treasury yields
fell to 1.09%, 10-years to 2.42% and the 30-year fell to 3.68%. All of a sudden,
it looks like the bull market of nearly 30 months is over and hurricane season
has begun. Lets seek some balance on yesterdays news. Lets look at both sides of
the story. True, the government doesnt know how to balance its budget, but U.S.
corporations have stockpiled trillions of dollars in excess cash. We have high
jobless rates, but the flip side of that fact is that companies are getting more
done with fewer people. True, the U.S. economy is growing slowly, but corporate
earnings are soaring. While the big headlines say that the U.S. GDP rose only
1.3% last quarter, the revenues and earnings of the 393 (78.6%) reporting S&P
500 companies are both up by an astonishing 13% over the second quarter last
year. Thats tenfold faster than GDP growth! And if you exclude the sick
financial sector, revenues are up 15.6% and earnings are up 22.2%! So far, the
S&P earnings are 6.4% above analysts estimates! These stellar earnings show no
sign of slowing. Analysts now expect to see even stronger double-digit earnings
growth in the third and fourth quarters, in all categories. According to
economist Ed Yardeni, large-cap forward earnings have risen in 42 of the past 44
weeks, mid-cap forward earnings have risen in 20 of the past 21 weeks and
small-cap forward earnings have risen in 42 of the past 47 weeks. How can
corporations keep growing while the domestic economy is anemic and government is
clueless? Most major U.S. businesses are multinational, so they can profit from
the double whammy of a rapidly growing global economy and a weak U.S. dollar.
Companies can cut costs; governments apparently cant. Bottom line, the market is
not likely to keep falling sharply while earnings keep rising. In the last
double-dip recession (1979-82), corporate earnings were falling. Thats not
happening now, and its not likely to happen for the next few quarters at least.
In addition, the stock market always rises in the third year of the four-year
presidential cycle. With the S&P now under water for the year so far, this
election cycle history implies a late-year 2011 recovery like what began last
August, after the Fed announced its QE2 plans.
than You Think (last weeks cover of BusinessWeek , printed in red ink), or that
Europe and the United States are now Turning Japanese in a New Politics of
Paralysis (the cover of The Economist ). Their implication, of course, is that
this has never happened before. We are in uncharted waters, so your wealth is at
risk. On the surface, this scary story is an easy sell. On Tuesday, stocks fell
for the seventh day in a row. The Dow fell 266 points, its worst day since Aug.
11, 2010. On the same day, gold soared to $1,660 per ounce, an all-time high,
even though oil fell 1.2% to $93.79. Then, on Wednesday, the mood worsened. The
Dow fell another 150 points on the opening and gold gained $12 to $1672 (while
oil sank to $92). Wednesday closed slightly up, breaking the string of eight
straight negative days, but Thursday was much worse, with the Dow down more than
512 points, while NASDAQ and the S&P fell nearly 5% on average. Even gold took a
tumble, falling $15 to $1,650, and oil fell more than $5 to $86. Meanwhile,
90-day T-bills offer just 0.01%, while two-year Treasuries sank to a record-low
0.27%. The yield curve is orderly but deflationary: Five-year Treasury yields
fell to 1.09%, 10-years to 2.42% and the 30-year fell to 3.68%. All of a sudden,
it looks like the bull market of nearly 30 months is over and hurricane season
has begun. Lets seek some balance on yesterdays news. Lets look at both sides of
the story. True, the government doesnt know how to balance its budget, but U.S.
corporations have stockpiled trillions of dollars in excess cash. We have high
jobless rates, but the flip side of that fact is that companies are getting more
done with fewer people. True, the U.S. economy is growing slowly, but corporate
earnings are soaring. While the big headlines say that the U.S. GDP rose only
1.3% last quarter, the revenues and earnings of the 393 (78.6%) reporting S&P
500 companies are both up by an astonishing 13% over the second quarter last
year. Thats tenfold faster than GDP growth! And if you exclude the sick
financial sector, revenues are up 15.6% and earnings are up 22.2%! So far, the
S&P earnings are 6.4% above analysts estimates! These stellar earnings show no
sign of slowing. Analysts now expect to see even stronger double-digit earnings
growth in the third and fourth quarters, in all categories. According to
economist Ed Yardeni, large-cap forward earnings have risen in 42 of the past 44
weeks, mid-cap forward earnings have risen in 20 of the past 21 weeks and
small-cap forward earnings have risen in 42 of the past 47 weeks. How can
corporations keep growing while the domestic economy is anemic and government is
clueless? Most major U.S. businesses are multinational, so they can profit from
the double whammy of a rapidly growing global economy and a weak U.S. dollar.
Companies can cut costs; governments apparently cant. Bottom line, the market is
not likely to keep falling sharply while earnings keep rising. In the last
double-dip recession (1979-82), corporate earnings were falling. Thats not
happening now, and its not likely to happen for the next few quarters at least.
In addition, the stock market always rises in the third year of the four-year
presidential cycle. With the S&P now under water for the year so far, this
election cycle history implies a late-year 2011 recovery like what began last
August, after the Fed announced its QE2 plans.
Google Inc. (NASDAQ:GOOG) Announces New Gmail Update
Google Inc. (NASDAQ:GOOG) has announced Gmail preview pane. Google Inc.
(NASDAQ:GOOG) Announces New Gmail Update The search engine giant has announced a
new labs effort that will enable a preview pane feature in Gmail. As the feature
is something that has been a long-time part of Microsoft Outlook and other
leading web mail services, many users had requested such a capability on Google
Inc. (NASDAQ:GOOG)'s email service. Users can enable and test the feature via
the Google Inc. (NASDAQ:GOOG) test lab. Google Inc. (NASDAQ:GOOG) shares were at
577.52 at the end of the last days trading. Theres been a 12.2% change in the
stock price over the past 3 months. Google Inc. (NASDAQ:GOOG) Analyst Advice
Consensus Opinion: Moderate Buy Mean recommendation: 1.25 (1=Strong Buy,
5=Strong Sell) 3 Months Ago: 1.26 Zacks Rank: 8 out of 31 in the industry
(NASDAQ:GOOG) Announces New Gmail Update The search engine giant has announced a
new labs effort that will enable a preview pane feature in Gmail. As the feature
is something that has been a long-time part of Microsoft Outlook and other
leading web mail services, many users had requested such a capability on Google
Inc. (NASDAQ:GOOG)'s email service. Users can enable and test the feature via
the Google Inc. (NASDAQ:GOOG) test lab. Google Inc. (NASDAQ:GOOG) shares were at
577.52 at the end of the last days trading. Theres been a 12.2% change in the
stock price over the past 3 months. Google Inc. (NASDAQ:GOOG) Analyst Advice
Consensus Opinion: Moderate Buy Mean recommendation: 1.25 (1=Strong Buy,
5=Strong Sell) 3 Months Ago: 1.26 Zacks Rank: 8 out of 31 in the industry
Look for Lower Silver and Gold Prices
Gold Price Close Today : 1,648.80 Gold Price Close 29-Jul : 1,628.30 Change :
20.50 or 1.3% Silver Price Close Today : 3819.7 Silver Price Close 29-Jul :
4009.2 Change : -189.50 or -4.7% Gold Silver Ratio Today : 43.166 Gold Silver
Ratio 29-Jul : 40.614 Change : 2.55 or 6.3% Silver Gold Ratio : 0.02317 Silver
Gold Ratio 29-Jul : 0.02462 Change : -0.00146 or -5.9% Dow in Gold Dollars : $
143.65 Dow in Gold Dollars 29-Jul : $ 154.16 Change : $ (10.51) or -6.8% Dow in
Gold Ounces : 6.949 Dow in Gold Ounces 29-Jul : 7.458 Change : -0.51 or -6.8%
Dow in Silver Ounces : 299.97 Dow in Silver Ounces 29-Jul : 302.88 Change :
-2.91 or -1.0% Dow Industrial : 11,457.93 Dow Industrial 29-Jul : 12,143.24
Change : -685.31 or -5.6% S&P 500 : 1,201.16 S&P 500 29-Jul : 1,292.28 Change :
-91.12 or -7.1% US Dollar Index : 74.489 US Dollar Index 29-Jul : 73.868 Change
: 0.621 or 0.8% Platinum Price Close Today : 1,719.00 Platinum Price Close
29-Jul : 1,778.10 Change : -59.10 or -3.3% Palladium Price Close Today : 740.10
Palladium Price Close 29-Jul : 826.10 Change : -86.00 or -10.4% Despite the
turmoil this week, the Gold Price managed to gain $20.50, while the Silver Price
took a bad whupping with a barbed wire whip, but nothing compared to stocks. The
PLATINUM PRICE tanked and PALLADIUM PRICE busted. Leave them alone. Can you
picture how the phone lines are heating up from central bank to central bank
around the world? Hot enough to fry peppers. Poor Nice Government Men, trying to
prop up the euro and stop that money from flying into their own currency.
Japanese were brash enough to come out and announce it. US Dollar Index today
lost 63.5 basis points to 74.489, down 0.82%. Gave back half of what it gained
yesterday. THIS is how NGM "stabilize" markets. Despite all, Dollar Index has
certainly not broken down and is still grinding out a bottom from which to stage
a rally. Remember than in 2008 dollar rallied from 76.15 in late September to
88.19 in November. Panic does that. Euro mysteriously rose today to close
1.4291, up 1.35%. A great Potemkin currency. Look for 120. Yen regained some of
yesterday's huge loss, closing Y78.43/$ (127.51c/Y100). Still below 20 day
moving average and still with that samurai sword hanging over it. I was just
curious what the measured targets of those head and shoulders formations in the
S&P500 and Dow might be, so I calculated them: 10,904 for the Dow and 1,140 for
the S&P500. Now I know the problem with watching markets is that we grow too
pessimistic when the market's dropping and too optimistic when it's rising. You
might see a sudden rally back up to 12,000. Might. But 10,904 isn't far from
here, either. Dow rose 0.65% or 74.25 points today to close at 11,457.93. Muse a
moment. January 2000 sic high was 11,722. Ten years later, stocks are still
where they were. Merely to have stayed even with inflation the Dow would have to
be 15,365. That's nearly a 25% purchasing power loss. In the same time they've
lost over 80% against gold and silver. Stocks -- like sending out for the barber
to bleed you when you have pneumonia. The Gold Price couldn't quite make up its
mind today, ranging from 1670 to 1647.75, but closed near the day's low on Comex
at $1,648.80, down $7.40. Then in the aftermarket it kept climbing to $1,663.
Don't get too excited about that. It can well be explained as shorts covering
before the weekend in what may be a world wide panic. Anyway, it didn't take
gold high enough to do anything more than establish a downtrend with a lower
high. The Gold Price has drawn its line in the sand at $1,640. Strong support
lurks at $1,605. If gold closes above $1,680, that will tell us it has decided
to RISE during this financial crisis instead of falling. Look for lower Gold
PriceS. If I contented myself with saying silver had lost 189.5c from Friday to
Friday, I would be calling King Kong a "fair-sized monkey." From the week's high
close at 4174.7c silver lost 355c to close Comex today at 3819.7c. It lost
122.1c today. Gold/Silver ratio closed at 43.166, up a full ounce from
yesterday. Silver had a huge 230c range today from 3981 to 3749. After
yesterday's huge waterfall silver's bounce was tiny, and regained nothing.
Climbed in the aftermarket a little, but clearing books for the looming weekend
explains that. The Silver Price will move lower. First target is the 200 day
moving average, now at 3366c. Any close above 4175c gainsays that. The mess in
Europe is not fixable. The banks might be cobbled together again, but not
without swift, decisive measures. Of all the EU government and EC responses,
none have been swift and decisive. Since they have only two weapons, Liquidity
and Blarney, they have only one choice: PRINT MORE MONEY. Caught in the deadly
contagion of crisis and panic in the interwebbed world of Globalism they
themselves have woven, US authorities will respond with the same weapon: PRINT
MORE MONEY. This will worsen all the economic problems, perhaps even ushering in
a hyperinflationary depression. In the immediate future there's better than a
50/50 chance Europe will drag the US into crisis. Here are my suggestions for
self-protection: 1. Get liquid. Pay down debt as much as you can. Sell
non-performing investments, like stocks, or investments that will suffer from
depression or inflation. 2. Close out leveraged positions. Markets are way too
volatile for that. 3. Hold on to silver and gold. 4. Hang on to cash
anticipating great bargains in a crisis. Remember gold went to $700 and silver
to 880c. Gold/silver ratio went to 84, offering a great gold to silver swap. Not
expecting those numbers again, but we might see the analogs. 5. Fill up propane
tanks, home gasoline or diesel tanks. 6. Stock up on food -- long term storage
food, not smoked oysters and tomato soup. Rice, for instance. Dehydrated food.
MREs. 7. Stock up on ammo. 8. Get out of the city, or at least have a country
place waiting to receive you. Don't wait, and don't misunderstand. The numbers
above are NOT my targets for silver and gold. As yet I am not even sure gold
will act as it did the last time, plummeting while the dollar rocketed. Maybe
gold will drain off some of that flight to quality from the dollar. Don't be
fooled by my calm words, either. Y'all are reading the equivalent of an air raid
siren, and y'all had better run for cover. MILK NAZIS STRIKE AGAIN! Government
guardians of the public health are at it again, arresting the owners of Rawesome
Foods in Los Angeles and even the head of the local Weston A. Price Foundation
chapter. What called forth the SWAT team? Milk. Deadly raw milk. You see, in Los
Angeles the murder rate is so low, and drug traffic so rare, the authorities
have time to focus on the real criminals who dare to sell raw milk, which, after
all, has not yet been proven safe in the 6,500 years mankind has been guzzling
it. If the government didn't stop this insolent crime why, health might break
out all over, and what would we do then? Who would drink the High Fructose Corn
Syrup soft drinks? Who would take all Big Pharma's drugs? It would be a national
catastrophe. The purpose of all regulation is to stifle competition. Milk is the
most consumed food in the US. Who subsidizes the milk industry that produces all
that dead and deadly pasteurized milk? Whoops -- the US government. My dear
friend Catherine Austin Fitts published an article today analyzing the effect of
stifling competition. Y'all will want to go read it at
http://solari.com/blog/?p=13360 . Don't miss it. Y'all enjoy your weekend.
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. -
Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2011, The
Moneychanger. May not be republished in any form, including electronically,
without our express permission. To avoid confusion, please remember that the
comments above have a very short time horizon. Always invest with the primary
trend. Gold's primary trend is up, targeting at least $3,130.00; silver's
primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend
is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or
US$-denominated assets, primary trend down; real estate in a bubble, primary
trend way down. Whenever I write "Stay out of stocks" readers inevitably ask,
"Do you mean precious metals mining stocks, too?" No, I don't. Be advised and
warned: Do NOT use these commentaries to trade futures contracts. I don't intend
them for that or write them with that outlook. I write them for long-term
investors in physical metals. Take them as entertainment, but not as a timing
service for futures.
20.50 or 1.3% Silver Price Close Today : 3819.7 Silver Price Close 29-Jul :
4009.2 Change : -189.50 or -4.7% Gold Silver Ratio Today : 43.166 Gold Silver
Ratio 29-Jul : 40.614 Change : 2.55 or 6.3% Silver Gold Ratio : 0.02317 Silver
Gold Ratio 29-Jul : 0.02462 Change : -0.00146 or -5.9% Dow in Gold Dollars : $
143.65 Dow in Gold Dollars 29-Jul : $ 154.16 Change : $ (10.51) or -6.8% Dow in
Gold Ounces : 6.949 Dow in Gold Ounces 29-Jul : 7.458 Change : -0.51 or -6.8%
Dow in Silver Ounces : 299.97 Dow in Silver Ounces 29-Jul : 302.88 Change :
-2.91 or -1.0% Dow Industrial : 11,457.93 Dow Industrial 29-Jul : 12,143.24
Change : -685.31 or -5.6% S&P 500 : 1,201.16 S&P 500 29-Jul : 1,292.28 Change :
-91.12 or -7.1% US Dollar Index : 74.489 US Dollar Index 29-Jul : 73.868 Change
: 0.621 or 0.8% Platinum Price Close Today : 1,719.00 Platinum Price Close
29-Jul : 1,778.10 Change : -59.10 or -3.3% Palladium Price Close Today : 740.10
Palladium Price Close 29-Jul : 826.10 Change : -86.00 or -10.4% Despite the
turmoil this week, the Gold Price managed to gain $20.50, while the Silver Price
took a bad whupping with a barbed wire whip, but nothing compared to stocks. The
PLATINUM PRICE tanked and PALLADIUM PRICE busted. Leave them alone. Can you
picture how the phone lines are heating up from central bank to central bank
around the world? Hot enough to fry peppers. Poor Nice Government Men, trying to
prop up the euro and stop that money from flying into their own currency.
Japanese were brash enough to come out and announce it. US Dollar Index today
lost 63.5 basis points to 74.489, down 0.82%. Gave back half of what it gained
yesterday. THIS is how NGM "stabilize" markets. Despite all, Dollar Index has
certainly not broken down and is still grinding out a bottom from which to stage
a rally. Remember than in 2008 dollar rallied from 76.15 in late September to
88.19 in November. Panic does that. Euro mysteriously rose today to close
1.4291, up 1.35%. A great Potemkin currency. Look for 120. Yen regained some of
yesterday's huge loss, closing Y78.43/$ (127.51c/Y100). Still below 20 day
moving average and still with that samurai sword hanging over it. I was just
curious what the measured targets of those head and shoulders formations in the
S&P500 and Dow might be, so I calculated them: 10,904 for the Dow and 1,140 for
the S&P500. Now I know the problem with watching markets is that we grow too
pessimistic when the market's dropping and too optimistic when it's rising. You
might see a sudden rally back up to 12,000. Might. But 10,904 isn't far from
here, either. Dow rose 0.65% or 74.25 points today to close at 11,457.93. Muse a
moment. January 2000 sic high was 11,722. Ten years later, stocks are still
where they were. Merely to have stayed even with inflation the Dow would have to
be 15,365. That's nearly a 25% purchasing power loss. In the same time they've
lost over 80% against gold and silver. Stocks -- like sending out for the barber
to bleed you when you have pneumonia. The Gold Price couldn't quite make up its
mind today, ranging from 1670 to 1647.75, but closed near the day's low on Comex
at $1,648.80, down $7.40. Then in the aftermarket it kept climbing to $1,663.
Don't get too excited about that. It can well be explained as shorts covering
before the weekend in what may be a world wide panic. Anyway, it didn't take
gold high enough to do anything more than establish a downtrend with a lower
high. The Gold Price has drawn its line in the sand at $1,640. Strong support
lurks at $1,605. If gold closes above $1,680, that will tell us it has decided
to RISE during this financial crisis instead of falling. Look for lower Gold
PriceS. If I contented myself with saying silver had lost 189.5c from Friday to
Friday, I would be calling King Kong a "fair-sized monkey." From the week's high
close at 4174.7c silver lost 355c to close Comex today at 3819.7c. It lost
122.1c today. Gold/Silver ratio closed at 43.166, up a full ounce from
yesterday. Silver had a huge 230c range today from 3981 to 3749. After
yesterday's huge waterfall silver's bounce was tiny, and regained nothing.
Climbed in the aftermarket a little, but clearing books for the looming weekend
explains that. The Silver Price will move lower. First target is the 200 day
moving average, now at 3366c. Any close above 4175c gainsays that. The mess in
Europe is not fixable. The banks might be cobbled together again, but not
without swift, decisive measures. Of all the EU government and EC responses,
none have been swift and decisive. Since they have only two weapons, Liquidity
and Blarney, they have only one choice: PRINT MORE MONEY. Caught in the deadly
contagion of crisis and panic in the interwebbed world of Globalism they
themselves have woven, US authorities will respond with the same weapon: PRINT
MORE MONEY. This will worsen all the economic problems, perhaps even ushering in
a hyperinflationary depression. In the immediate future there's better than a
50/50 chance Europe will drag the US into crisis. Here are my suggestions for
self-protection: 1. Get liquid. Pay down debt as much as you can. Sell
non-performing investments, like stocks, or investments that will suffer from
depression or inflation. 2. Close out leveraged positions. Markets are way too
volatile for that. 3. Hold on to silver and gold. 4. Hang on to cash
anticipating great bargains in a crisis. Remember gold went to $700 and silver
to 880c. Gold/silver ratio went to 84, offering a great gold to silver swap. Not
expecting those numbers again, but we might see the analogs. 5. Fill up propane
tanks, home gasoline or diesel tanks. 6. Stock up on food -- long term storage
food, not smoked oysters and tomato soup. Rice, for instance. Dehydrated food.
MREs. 7. Stock up on ammo. 8. Get out of the city, or at least have a country
place waiting to receive you. Don't wait, and don't misunderstand. The numbers
above are NOT my targets for silver and gold. As yet I am not even sure gold
will act as it did the last time, plummeting while the dollar rocketed. Maybe
gold will drain off some of that flight to quality from the dollar. Don't be
fooled by my calm words, either. Y'all are reading the equivalent of an air raid
siren, and y'all had better run for cover. MILK NAZIS STRIKE AGAIN! Government
guardians of the public health are at it again, arresting the owners of Rawesome
Foods in Los Angeles and even the head of the local Weston A. Price Foundation
chapter. What called forth the SWAT team? Milk. Deadly raw milk. You see, in Los
Angeles the murder rate is so low, and drug traffic so rare, the authorities
have time to focus on the real criminals who dare to sell raw milk, which, after
all, has not yet been proven safe in the 6,500 years mankind has been guzzling
it. If the government didn't stop this insolent crime why, health might break
out all over, and what would we do then? Who would drink the High Fructose Corn
Syrup soft drinks? Who would take all Big Pharma's drugs? It would be a national
catastrophe. The purpose of all regulation is to stifle competition. Milk is the
most consumed food in the US. Who subsidizes the milk industry that produces all
that dead and deadly pasteurized milk? Whoops -- the US government. My dear
friend Catherine Austin Fitts published an article today analyzing the effect of
stifling competition. Y'all will want to go read it at
http://solari.com/blog/?p=13360 . Don't miss it. Y'all enjoy your weekend.
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. -
Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2011, The
Moneychanger. May not be republished in any form, including electronically,
without our express permission. To avoid confusion, please remember that the
comments above have a very short time horizon. Always invest with the primary
trend. Gold's primary trend is up, targeting at least $3,130.00; silver's
primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend
is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or
US$-denominated assets, primary trend down; real estate in a bubble, primary
trend way down. Whenever I write "Stay out of stocks" readers inevitably ask,
"Do you mean precious metals mining stocks, too?" No, I don't. Be advised and
warned: Do NOT use these commentaries to trade futures contracts. I don't intend
them for that or write them with that outlook. I write them for long-term
investors in physical metals. Take them as entertainment, but not as a timing
service for futures.
Microsoft Corporation (NASDAQ:MSFT) Making Money From Android
It has been reported that Microsoft Corporation (NASDAQ:MSFT)'s Android
business brings in three times as much money as Windows Phone. Microsoft
Corporation (NASDAQ:MSFT) Making Money From Android The fact may seem a bit
shocking, but it's true, for the major income of the software giant is not
from its own mobile operating system, but rather patent revenues from the sales
of other manufacturers' products. Even amid recent patent disputes with
rivals, including Apple and Google, Microsoft Corporation (NASDAQ:MSFT) has been
making a big amount from the mobile OS patent licenses it already holds.
Microsoft Corp. (NASDAQ:MSFT) shares were at 25.94 at the end of the last days
trading. Theres been a 3.3% change in the stock price over the past 3 months.
Microsoft Corp. (NASDAQ:MSFT) Analyst Advice Consensus Opinion: Moderate Buy
Mean recommendation: 1.84 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.78 Zacks
Rank: 24 out of 90 in the industry
business brings in three times as much money as Windows Phone. Microsoft
Corporation (NASDAQ:MSFT) Making Money From Android The fact may seem a bit
shocking, but it's true, for the major income of the software giant is not
from its own mobile operating system, but rather patent revenues from the sales
of other manufacturers' products. Even amid recent patent disputes with
rivals, including Apple and Google, Microsoft Corporation (NASDAQ:MSFT) has been
making a big amount from the mobile OS patent licenses it already holds.
Microsoft Corp. (NASDAQ:MSFT) shares were at 25.94 at the end of the last days
trading. Theres been a 3.3% change in the stock price over the past 3 months.
Microsoft Corp. (NASDAQ:MSFT) Analyst Advice Consensus Opinion: Moderate Buy
Mean recommendation: 1.84 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.78 Zacks
Rank: 24 out of 90 in the industry
Gold prices silver price per ounce todays spot gold price per gram spot silver price per kilo; gold silver investing stock market today
The marketplace was choppy and volatile yesterday and the major index
composites ended the day mixed. Gold and silver prices ended the day lower as
they closed in negative territory. Red was the hue observed across the majority
of the primary metal board. The safe havens did not get as much attention during
the last session as expected. It was a bad week for stocks, one of the worst
weeks in the past couple years. The GDP was weak. The consumer spending report
was weak. The manufacturing report was weak. The added jobs were below the
number needed to keep pace with population growth. All these economic posts
pushed stocks lower. Seemingly a prime environment for precious metal gold to
prosper. It did not however. Gold contract for December delivery fell lower by
.43 percent or 7.20 to close out at 1651.80 per troy ounce. Silver for September
delivery dropped lower by 3.09 percent per troy ounce. After last session close,
spot gold and spot silver prices were moving in divergent directions. Spot gold
price per gram was moving higher by .23 at 53.48 and spot gold price per kilo
was higher by 231.16 at 53479.23. Spot silver price per kilo was higher by 35.37
at 1231.95 and spot silver price per ounce was higher by 1.10 at 38.32. Camillo
Zucari
composites ended the day mixed. Gold and silver prices ended the day lower as
they closed in negative territory. Red was the hue observed across the majority
of the primary metal board. The safe havens did not get as much attention during
the last session as expected. It was a bad week for stocks, one of the worst
weeks in the past couple years. The GDP was weak. The consumer spending report
was weak. The manufacturing report was weak. The added jobs were below the
number needed to keep pace with population growth. All these economic posts
pushed stocks lower. Seemingly a prime environment for precious metal gold to
prosper. It did not however. Gold contract for December delivery fell lower by
.43 percent or 7.20 to close out at 1651.80 per troy ounce. Silver for September
delivery dropped lower by 3.09 percent per troy ounce. After last session close,
spot gold and spot silver prices were moving in divergent directions. Spot gold
price per gram was moving higher by .23 at 53.48 and spot gold price per kilo
was higher by 231.16 at 53479.23. Spot silver price per kilo was higher by 35.37
at 1231.95 and spot silver price per ounce was higher by 1.10 at 38.32. Camillo
Zucari
DJIA Index DJX Dow Jones DJI, Nasdaq, S&P 500 Close Review Stock Market Today Invest Money Profit News
Stock market trends were volatile during the last session in the U.S. and the
major index composites ended the session mixed. The Dow Jones Industrial Average
ended the day up and the Nasdaq and S&P 500 ended lower. The DJIA was down by
.54 percent on the day and closed at 11,444.61. The Nasdaq closed out red by .94
percent and finished off the day at 2,532.41. The S&P 500 closed out in negative
territory as well by .06 percent at 1,199.38. The good news came early as the
jobs data posted and was initially received as positive. The job market gained
strength by adding 117,000 jobs in July. This number far surpassed what most
economists were anticipating. The national unemployment rate also ratcheted
lower by a tenth of a percent. This economic news skewed positive but when
compared to the number of jobs that many experts feel is necessary to keep pace
with population growth, it still fell short. Economists feel that at least
150,000 jobs need to be added on a monthly basis to keep pace with population
growth. This news was not enough to make those on Wall Street forget the other
inadequate reports that posted within the last six open trading days. The weight
of the weaker GDP, manufacturing and consumer spending reports continue to weigh
on investors not to mention the worries stemming from global debt concerns. The
week ended as one of the worst weeks for stock trends in recent years. All three
major indices were negative for the week. The DJI was lower by almost 6 percent.
The Nasdaq lower by 8 percent and the S&P 500 lower by 7 percent for the week.
To top it off, the U.S. is at risk of losing its triple A credit rating. Frank
Matto
major index composites ended the session mixed. The Dow Jones Industrial Average
ended the day up and the Nasdaq and S&P 500 ended lower. The DJIA was down by
.54 percent on the day and closed at 11,444.61. The Nasdaq closed out red by .94
percent and finished off the day at 2,532.41. The S&P 500 closed out in negative
territory as well by .06 percent at 1,199.38. The good news came early as the
jobs data posted and was initially received as positive. The job market gained
strength by adding 117,000 jobs in July. This number far surpassed what most
economists were anticipating. The national unemployment rate also ratcheted
lower by a tenth of a percent. This economic news skewed positive but when
compared to the number of jobs that many experts feel is necessary to keep pace
with population growth, it still fell short. Economists feel that at least
150,000 jobs need to be added on a monthly basis to keep pace with population
growth. This news was not enough to make those on Wall Street forget the other
inadequate reports that posted within the last six open trading days. The weight
of the weaker GDP, manufacturing and consumer spending reports continue to weigh
on investors not to mention the worries stemming from global debt concerns. The
week ended as one of the worst weeks for stock trends in recent years. All three
major indices were negative for the week. The DJI was lower by almost 6 percent.
The Nasdaq lower by 8 percent and the S&P 500 lower by 7 percent for the week.
To top it off, the U.S. is at risk of losing its triple A credit rating. Frank
Matto
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