Saturday, August 13, 2011

[CUSI CUSA] Please moderate: "HSBC Holdings plc (LON:HSBA) Recognizes Small Businesses"

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In the several debates upon this impeachment, it must be confessed that his Majesty gave many marks of his great lenity, often urging the services you had done him, and endeavoring to extenuate your crimes. The Treasurer and Admiral insisted that you should be put to the most painful and ignominious death, by setting fire on your house at night, and the General was to attend with twenty thousand men armed with poisoned arrows to shoot you on the face and hands. Some of your servants were to have private orders to strew a poisonous juice on your shirts, which would soon make you tear your own flesh, and die in the utmost torture. The General came into the same opinion, so that for a long time there was a majority against you. But his Majesty resolving, if possible, to spare your life, at last brought off the Chamberlain.
When I attended the King after my recovery, to return him thanks for his favors, he was pleased to rally me a good deal upon this adventure. He asked me what my thoughts and speculations were while I lay in the monkey's paw, how I liked the victuals he gave me, his manner of feeding, and whether the fresh air on the roof had sharpened my stomach. He desired to know what I would have done upon such an occasion my own country. I told his Majesty that in Europe we had no monkeys, except such as were brought for curiosities from other places, and so small that I could deal with a dozen of them together, if they presumed to attack me. And as for that monstrous animal with whom I was so lately engaged (it was indeed as large as an elephant), if my fears had suffered me to think so far as to make use of my hanger (looking fiercely and clapping my hand upon the hilt as I spoke) when he poked his paw into my chamber, perhaps I should have given him such a wound, as would have made him glad to withdraw it with more haste than he put it in. This I delivered in a firm tone, like a person who was jealous lest his courage should be called in question. However, my speech produced nothing else besides a loud laughter, which all the respect due to his Majesty from those about him could not make them contain. This made me reflect how vain an attempt it is for a man to endeavor doing himself honor among those who are out of all degree of equality or comparison with him. And yet I have seen the moral of my own behavior very frequent in England since my return, where a little contemptible varlet, without the least title to birth, person, wit, or common sense, shall presume to look with importance, and put himself upon a foot with the greatest persons of the kingdom.
Having a desire to see those ancients who were most renowned for wit and learning, I set apart one day on purpose. I proposed that Homer and Aristotle might appear at the head of all their commentators; but these were so numerous that some hundreds were forced to attend in the court and outward rooms of the palace. I knew and could distinguish those two heroes at first sight, not only from the crowd but from each other. Homer was the taller and comelier person of the two, walked very erect for one of his age, and his eyes were the most quick and piercing I ever beheld. Aristotle stooped much, and made use of a staff. His visage was meager, his hair lank and thin, and his voice hollow. I soon discovered that both of were perfect strangers to the rest of the company, and had never seen or heard of them before. And I had a whisper from a ghost, who shall be nameless, that these commentators always kept in the most distant quarters from their principals in the lower world, through a consciousness of shame and guilt, because they had so horribly misrepresented the meaning of those authors to posterity. I introduced Didymus and Eustathius to Homer, and prevailed on him to treat them better than perhaps they deserved; for he soon found they wanted a genius to enter into the spirit of a poet. But Aristotle was out of all patience with the account I gave him of Scotus and Ramus, as I presented them to him; and he asked them whether the rest of the tribe were as great dunces as themselves.
I had often read of some great services done to princes and states, and desired to see the persons by whom those services were performed. Upon inquiry I was told that their names were to be found on no record, except a few of them whom history has represented as the vilest rogues and traitors. As to the rest, I had never once heard of them. They all appeared with dejected looks, and in the meanest habit, most of them telling me they died in poverty and disgrace, and the rest on a scaffold or a gibbet.
In the meantime, the Emperor held frequent councils to debate what course should be taken with me; and I was afterwards assured by a particular friend, a person of great quality, who was looked upon to be as much in the secret as any, that the court was under many difficulties concerning me. They apprehended my breaking loose, that my diet would be very expensive, and might cause a famine. Sometimes they determined to starve me, or at least to shoot me in the face and hands with poisoned arrows, which would soon dispatch me: but again they considered, that the stench of so large a carcass might produce a plague in the metropolis, and probably spread through the whole kingdom. In the midst of these consultations, several officers of the army went to the door of the great council chamber; and two of them being admitted, gave an account of my behavior to the six criminals above mentioned, which made so favorable an impression in the breast of his Majesty and the whole board in my behalf, that an Imperial Commission was issued out, obliging all the villages nine hundred yards round the city, to deliver in every morning six beeves, forty sheep, and other victuals for my sustenance; together with a proportionable quantity of bread, and wine, and other liquors for the due payment of which his Majesty gave assignments upon his treasury. For this prince lives chiefly upon his own demesnes, seldom, except upon great occasions, raising any subsidies upon his subjects, who are bound to attend him in his wars at their own expense. An establishment was-also made of six hundred persons to be my domestics, who had board-wages allowed for their maintenance, and tents built for them very conveniently on each side of my door. It was likewise ordered, that three hundred tailors should make me a suit of clothes after the fashion of the country: that six of his Majesty's greatest scholars should be employed to instruct me in their language: and, lastly, that the Emperor's horses, and those of the nobility, and troops of guards, should be frequently exercised in my sight, to accustom themselves to me. All these orders were duly put in execution, and in about three weeks I made a great progress in learning their language; during which time the Emperor frequently honored me with his visits, and was pleased to assist my masters in teaching me. We began already to converse together in some sort; and the first words I learned were to express my desire that he would please give me my liberty, which I every day repeated on my knees. His answer, as I could apprehend it, was, that this must be a work of time, not to be thought on without the advice of his council, and that first I must Lumos kelmin pesso desmar lon Emposo; that is, swear a peace with him and his kingdom. However, that I should be used with all kindness; and he advised me to acquire, by my patience and discreet behavior, the good opinion of himself and his subjects. He desired I would not take it ill, if he gave orders to certain proper officers to search me; for probably I might carry about me several weapons, which must needs be dangerous things, if they answered the bulk of so prodigious a person. I said, his Majesty should be satisfied, for I was ready to strip myself, and turn out my pockets before him. This I delivered part in words, and part in signs. He replied, that by the laws of the kingdom I must be searched by two of his officers; that he knew this could not be done without my consent and assistance; that he had so good an opinion of my generosity and justice, as to trust their persons in my hands: that whatever they took from me should be returned when I left the country, or paid for at the rate which I would set upon them. I took up the two officers in my hands, put them first into my coat-pockets, and then into every other pocket about me, except my two fobs, and another secret pocket I had no mind should be searched, wherein I had some little necessaries that were of no consequence to any but myself. In one of my fobs there was a silver watch, and in the other a small quantity of gold in a purse. These gentlemen, having pen, ink, and paper about them, made an exact inventory of everything they saw; and when they were through, desired I would set them down, that they might deliver it to the Emperor. This inventory I afterwards translated that into English, and is word for word as follows.


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Todays DJIA Dow Jones Index DJX DJI Stock Market Today Nasdaq S&P 500 Close Review Economic Data USA today

The latter half of this past trading week gave investors on Wall Street a boost
of confidence. The DJIA, Nasdaq and S&P 500 all ended the last trading session
this past week in the green as investors felt more secure with global market
action, specifically with regard to European stocks. European stocks moved
solidly higher last session and this positive action carried over into the U.S.
session helping investors on Wall Street feel more secure. Economic data
yesterday in the U.S. was mixed but the retail sales data was much better than
expected and ultimately helped indices close higher. The Nasdaq finished the day
higher by .61 percent at 2,507.98. The S&P 500 was higher by .53 percent at
1,178.81. The Dow Jones ended the trading session higher by 1.13 percent at
11,269.02. Crude oil finished lower by 1.73 percent to 85.38 per barrel and gold
finished lower to finish at 1742.60 per troy ounce. Volatility was the name of
the game this past week but after the dust settled, the major composites had not
lost as much as most perceived. The Nasdaq finished the week lower by 1 percent.
The S&P 500 was lower by 1.7 percent for the week and the DJIA ended the week
lower overall by 1.5 percent. Frank Matto

The Gold Price is Climbing Against Every Fiat Currency and Becoming the Premier Alternative Money

Gold Price Close Today : 1,740.20 Gold Price Close 5-Aug : 1,648.80 Change :
91.40 or 5.5% Silver Price Close Today : 3910.1 Silver Price Close 5-Aug :
3819.7 Change : 90.40 or 2.4% Gold Silver Ratio Today : 44.505 Gold Silver Ratio
5-Aug : 43.166 Change : 1.34 or 3.1% Silver Gold Ratio : 0.02247 Silver Gold
Ratio 5-Aug : 0.02317 Change : -0.00070 or -3.0% Dow in Gold Dollars : $ 133.86
Dow in Gold Dollars 5-Aug : $ 143.65 Change : $ (9.79) or -6.8% Dow in Gold
Ounces : 6.476 Dow in Gold Ounces 5-Aug : 6.949 Change : -0.47 or -6.8% Dow in
Silver Ounces : 288.20 Dow in Silver Ounces 5-Aug : 299.97 Change : -11.77 or
-3.9% Dow Industrial : 11,269.02 Dow Industrial 5-Aug : 11,457.93 Change :
-188.91 or -1.6% S&P 500 : 1,178.81 S&P 500 5-Aug : 1,201.16 Change : -22.35 or
-1.9% US Dollar Index : 74.579 US Dollar Index 5-Aug : 74.489 Change : 0.090 or
0.1% Platinum Price Close Today : 1,796.00 Platinum Price Close 5-Aug : 1,719.00
Change : 77.00 or 4.5% Palladium Price Close Today : 743.55 Palladium Price
Close 5-Aug : 740.10 Change : 3.45 or 0.5% Big surprise this week was the Silver
Price , refusing to drop below 3700c. The Gold Price gained -- choke! -- 5.5%.
Stocks did worse than 1.6% implies, dollar stayed flat, and platinum shot up
4.5% and left palladium in the dust. Yesterday I recounted to y'all that the
gold 20 franc coins, favorite of gold-hungry French investors, were carrying
huge premiums in Europe ($28 - $35 versus $5 at wholesale here). Last night on
the way home I heard a report on National Proletarian Radio that French
authorities were warning those casting doubt on the solvency of French banks
that they'd better not. French bank stock indices were hit hard this week.
Clearly the French, who in my 64-year old memory have undergone at least one
currency reform and loads of inflation, are running on the banks and swapping
euros for gold. To what degree, I haven't a clue, but a few days ago something
else occurred that brought to mind the French proverb, "Nothing is confirmed
until officially denied." A couple of rating agencies made showy announcements
that French government debt was STILL rated AAA. Right, but who asked you?
Unless there's a problem, this resembles an astronomer announcing that the sky
is still blue. Y'all need to face the likelihood that the Gold Price made at
least an interim top this week. We will know by the progressive depth of the
reaction how far it will carry. If GOLD doesn't break $1,720 (low today at
$1,723.95) then it will piddle sideways a few days and take off again, rushing
over $1,800.00 On 10 August the Gold Price made a new all time high close at
$1,781.30. In the aftermarket that day it traded above $1,810. If it breaks
$1,720 it might fall to $1,675. A close above $1,781.30 contradicts all that and
tells you gold is making yet another leg up. Today the Gold Price ranged from
$1,766.46 to $1,723.95 and closed Comex $8.60 lower at $1,740.20. Gold added
nearly $100 this week. The NATURE of gold's situation has changed. In its first
wave up from 2001 - 2008, it moved glacially, adding only a tiny bit at a time,
struggling to attract investors. It peaked in March 2008, then gave up 30% by
November. Then it began the next leg up, and this one moves with much greater
speed, violence, and volatility. The NATURE of the economic situation has
changed, calling into question all the old economic verities like "US debt is
the lowest risk investment." Sovereign debt around the world is being
scrutinized, and investors don't like what they see. The old Keynesian paradigm
-- government managing the economy and borrowing and spending its way into
prosperity -- is crumbling like the Berlin Wall and that other brand of
socialism. Oh, it hasn't fallen off the throne yet, but it's being pushed. The
Tea Party, the endemic and insuppressible financial and fiscal crises, the
rotten banking structure, debt downgrades, bailouts, all of these are the
fevers, chills, and icy sweats of a dying system. Its death is hastening,
hastening. Pray that liberty succeeds it, and not a worse tyranny. In any event,
all these forces are pushing gold higher and higher, and in the next three to 10
years you will see prices at levels you would never have dared dream of, let
alone mention, in 2001. Shuck out of stocks and dollar denominated investments
(CDs, savings accounts, annuities, bonds) and put the proceeds into silver and
gold. There's still time. Yet take not MY word for this argument. Look at the
July break out with a breakaway gap at E1,090 and run to E1,276 yesterday. Turn
not yet away, gentle readers. Throw up Gold in Yen, and mark and inwardly digest
the breakout 1 August above Y127,500, and follow the climb to Y139,580
yesterday. My point? Gold is climbing against every fiat currency. Gold is
becoming the premier alternative money. Slowly, slowly the public is repudiating
those central bank currencies in favor of gold. This, too will speed up. As
panic put jet fuel in gold's tanks, it pushed the Silver Price down, all the way
back to 3700c on Tuesday. Yet silver did not break and fall to its 200 dma (now
3404) but fought back and today gained 44.5c to 3910.1c. I must still accept
lower prices as the most likely outcome, UNLESS silver closes above 4100c, then
4200c quickly. Countering that view is silver's uptrend -- yes, Uptrend -- since
the June 27 low at 3338c. Of course, after a week of parabolic upward GOLD
action, I'd be foolish not to brace myself for a correction. But mercy! of all
the gold and silver bulls in the world, I have been kicking against the goads.
Silver and gold have consistently outperformed my expectations this year.
Market's left me a little punchy, but determined to buy more and more silver and
gold on every little dip. The gold/silver ratio is one fact causing me to look
for lower silver. The previous post-May correction high had been 44.584 on 28
June. On 9 August it hit 45.938, which whispers that the ratio will move higher
still. Way things are going, that might not be due to silver falling, but to
gold blasting away topside, powered by more panic. I watch. I wait. I am glad
that so many of y'all swapped out of silver into gold, because now that move
looks very slick. Let's hope it pans out with a higher ratio. BOTTOM LINE: Long
term bull market in silver and gold needs me to defend it like two lionesses
need my help with a wildebeest. We may be in for a greater or lesser correction,
but the primary trend remains up in a bull market. Here's what the Dow posted
this week: Down 634.76, up 429.92, down 519.83, up 423.37, up 125.71 for a net
loss of 175.59. Intraday low for the week was 10,604.70, which fulfilled my
target of 10,900 from the head and shoulders and 10,700 from previous trading
and lateral support. Wherefore we can guess that stocks will mount a sickly
rally from here. They are far below their 200 dma (11,991.67), and could reach
that or a little higher. Volatility this week was due certainly to panic in the
market generated by US debt downgrade (insubstantial but damaging to psychology)
and European sovereign debt crisis. No doubt volatility was supercharged also by
the yankee government's Plunge Protection Team. Be all that as it may, the Dow
is doomed to move much, much lower, but not immediately. Close below 10,700
gainsays my cheery optimism and turns the Dow down into the nether regions. If
you are one of those laggards who still owns stocks, better seize ANY rally like
a seat on the last train out of Moscow in November 1917. STOCKS -- they are the
non-nutritious filler in the Box of Investment Breakfast Cereal. The Dow in Gold
Dollars' last low for the move that began in August 1999 came on 9 March 2009 at
G$147.24 (7.123 oz). On 10 August the DiG$ made a new low for the 12 year move
at G$124.40 (6.018 oz). Since August 1999 the Dow has lost 80% against gold, and
will lose another 80%. Ditto silver. US DOLLAR INDEX is range trading between 75
and 74.50. Panic spilling over from Europe is sending flight capital into the
dollar, and the NGM of all the central banks, who work together like fire ants,
are trying to keep the euro (destined for US$1.20) afloat and keep the Yen from
rising to the sky. Expect further dollar rally. Break above 75.50 is the first
tripwire of a rally, then a close over 76 and 76.75. Euro, Frankenstein of
currencies, rose 0.11% today to 1.4258. Downtrend remains unchallenged. Yen is
knocking on all time highs. 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.

A Potential ‘Big Trade’ That Will Put George Soros to Shame

Many investors dream of making the big trade. Spurred on by stories of fabled
investors who accumulated generations of wealth with just one big trade, they
talk incessantly about what they could or should have done. But actually doing
something about it pays better. Consider George Soros , who reportedly made $1.1
billion in a single trade against the Bank of England by shorting the British
pound Sept. 16, 1992. Or Jessie Livermore , who reportedly made $100 million on
Oct. 24, 1929 Black Thursday. Or how about Jay Gould , who tried to corner the
gold market on Sept. 24, 1869. Nobody knows exactly how much Gould made, but he
left his children $77 million when he died in 1892. Well, if you have the guts,
now is the time to make your move, because I think the next big short is already
out there. In fact, judging from open interest Im seeing on gold puts and VIX
puts, Id bet on it. Right now there are literally tens of thousands of contracts
open on both at various strike prices, so the odds are good that somebody
perhaps a group, a hedge fund or another big money player is placing highly
leveraged bets that things will reverse. With the proper structure, these trades
could dwarf the bets made by Soros, Livermore and Gould. Certainly, all of the
conditions are there. Weve had several days of pure panic buying. Gold prices
are up 25% so far this year and up 90% in the past two years. The public is
buying and, late night commercials aside, its clamoring for gold in a way that
makes me nervous. Meanwhile, politicians in Washington actually believe they
understand the risks associated with credit default swaps and sovereign debtand
that practically guarantees that they dont. But what really gets my attention,
and gets my greed glands going, is that Washington is now going to do something.
As if the government hasnt already done enough. That means another bailout or
stimulus is imminent. It also suggests there will be a corresponding sigh of
relief, a decline in volatility and a drop in gold prices. Then all hell will
truly break lose. But that wont matter because the damage already will have been
done and the profits already will have been banked. Book deals will have been
struck and well have a new generation of motormouths at the country club who
talk about how they could have made the trade, too, if only If you want to play
along, heres what to do. Buy out-of-the-money SPDR Gold Trust (NYSE: GLD ) put
options. Because you are buying them, your risk is limited only to what you
spend to purchase them. And buy out-of-the-money iPath S&P 500 VIX Short-Term
Futures (NYSE: VXX ) put options. Here too, your risk is limited because you are
buying the options rather than selling them. But remember, DO NOT invest money
you cannot afford to lose completely. Nothing is guaranteed. Soros, Livermore,
Gould and Paulson knew what they were doing when they placed their bets and were
prepared for the consequences. You should be, too.

Top 10 Home Building/Services Stocks with Highest Upside: MHO, BZH, XIN, NTZ, HOFT, FBN, STLY, LBY, PHM, HXM (Aug 12, 2011)

Below are the top 10 Home Building/Services stocks with highest upside
potential, based on the difference between current price and Wall Street
analysts average target price. One Chinese company (XIN) is on the list. M/I
Homes, Inc. (NYSE:MHO) has the 1st highest upside potential in this segment of
the market. Its upside is 220.3%. Its consensus target price is $23.00 based on
the average of all estimates. Beazer Homes USA, Inc. (NYSE:BZH) has the 2nd
highest upside potential in this segment of the market. Its upside is 154.9%.
Its consensus target price is $4.00 based on the average of all estimates.
Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) has the 3rd highest upside
potential in this segment of the market. Its upside is 134.4%. Its consensus
target price is $6.00 based on the average of all estimates. Natuzzi, S.p.A
(ADR) (NYSE:NTZ) has the 4th highest upside potential in this segment of the
market. Its upside is 109.7%. Its consensus target price is $6.50 based on the
average of all estimates. Hooker Furniture Corporation (NASDAQ:HOFT) has the 5th
highest upside potential in this segment of the market. Its upside is 108.3%.
Its consensus target price is $17.00 based on the average of all estimates.
Furniture Brands International, Inc. (NYSE:FBN) has the 6th highest upside
potential in this segment of the market. Its upside is 101.8%. Its consensus
target price is $5.75 based on the average of all estimates. Stanley Furniture
Co. (NASDAQ:STLY) has the 7th highest upside potential in this segment of the
market. Its upside is 99.4%. Its consensus target price is $7.00 based on the
average of all estimates. Libbey Inc. (AMEX:LBY) has the 8th highest upside
potential in this segment of the market. Its upside is 95.1%. Its consensus
target price is $24.33 based on the average of all estimates. PulteGroup, Inc.
(NYSE:PHM) has the 9th highest upside potential in this segment of the market.
Its upside is 94.0%. Its consensus target price is $8.62 based on the average of
all estimates. Homex Development Corp. (ADR) (NYSE:HXM) has the 10th highest
upside potential in this segment of the market. Its upside is 87.0%. Its
consensus target price is $39.10 based on the average of all estimates.

Gold price per ounce silver price per ounce spot gold price per gram spot silver price per ounce today; DJIA Index DJI Close

Gold price per ounce touched an intraday high on Wednesday but trends for the
precious metal moved lower during the latter half of this past trading week. The
lower trends for the safe haven yellow metal parallel the higher trends observed
in the stock market. The primary index composites finished higher for two
consecutive days to close out the trading week. The volatility that began the
week dissipated as the week wore on and a sense of calm set in for investors on
Wall Street. The improved consistency observed in stock index trends during the
latter half of the week decreased the safe haven appeal of precious metal gold
and thus gold closed out lower. Contract gold finished last session lower by
8.90 to close the day at 1,742.60 an ounce. Gold touched an intraday high on
Wednesday by posting a price of 18.17.60 per troy ounce at one point. Ultimately
gold finished the week higher overall by 5.5 percent. Silver contract finished
the last session higher by 44.5 to close out at 39.11 per troy ounce on the day
and higher for the week by 2.4 percent overall. After last session close, spot
gold and spot silver prices continued to move in divergent directions. Spot gold
price per gram was red by .08 at 56.15. Spot silver price per ounce moved higher
by .41 at 39.06. Camillo Zucari

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