Tuesday 12 July 2011
Keiser Report: Ratings Racket (E163)
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10 Ways to Dig Yourself Out of Credit Card Debt | InvestingAnswers
10 Ways to Dig Yourself Out of Credit Card Debt | InvestingAnswers
Many Americans have struggled with the burden of credit card debt at one time or another. And getting out of the red and into the black can often seem overwhelming.
If this is any consolation, you're not alone. Credit card debt affects nearly one-third of Americans. At the end of 2010, the average consumer in the U.S. owed $4,200 to credit card companies.
Many Americans have struggled with the burden of credit card debt at one time or another. And getting out of the red and into the black can often seem overwhelming.
If this is any consolation, you're not alone. Credit card debt affects nearly one-third of Americans. At the end of 2010, the average consumer in the U.S. owed $4,200 to credit card companies.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
110712 - Hyper Report
HyperReport on Jul 12, 2011
Hyper Report is sponsored by FutureMoneyTrends.com (http://futuremoneytrends.com/ )
Source Links for Today's Items:
IMF Chief Calls on US to Raise Borrowing Limit
http://www.cnbc.com/id/43701863
Obama's Failed Debt Ceiling Gamble
http://www.ft.com/cms/s/0/6ce92636-ab1a-11e0-b4d8-00144feabdc0.html#axzz1RnMs...
Obama: Job Losses Prove Stimulus Worked
http://www.cnsnews.com/news/article/obama-job-losses-prove-stimulus-worked
Economy Faces a Jolt as Benefit Checks Run Out
http://www.msnbc.msn.com/id/43707491/ns/business-us_business/
10 Middle-Class Jobs That Will Vanish by 2018
http://www.investinganswers.com/a/10-middle-class-jobs-will-vanish-2018-3037
10 Ways to Dig Yourself Out of Credit Card Debt
http://www.investinganswers.com/a/10-ways-dig-yourself-out-credit-card-debt-3036
The ESF and It's History
http://www.marketskeptics.com/2011/06/the-esf-and-its-history.html
The content contained in the Hyper Report is provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and before making any significant investing decisions. All stories are sourced and assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information.
This video is protected by the Fair use Act-Title 17 Chapter 1, Article 107 pertaining to the use of copyrighted works to illustrate an opinion, or for educational purposes...
Thank you.
TOTALINVESTOR: Water: The Ultimate Commodity
TOTALINVESTOR: Water: The Ultimate Commodity: "The Palisades Water Index is an unmanaged benchmark that many water indexes and ETFs track. Why the interest in water? Like gold and oil, wa..."
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Global Water Resources
About 70% of the earth's surface is covered in water, but 97% of it is saltwater, which is unfit for human use. Saltwater cannot be used for drinking, crop irrigation or most industrial uses. Of the remaining 3% of the world's water resources, only about 1% is readily available for human consumption.
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European markets shaken by fears for Italy, Spain - USATODAY.com
European markets shaken by fears for Italy, Spain - USATODAY.com
Stocks, the euro and government bonds tumbled, with the Milan exchange down 4% and the yield on Italy's 10-year bond trading above 6% at one point, suggesting investors are increasingly worried the country will not be able to handle its debts.
Rescuing Italy and Spain — the third- and fourth-largest economies in the eurozone — would simply be too expensive for the EU's rescue funds, so their stability is synonymous with that of the 17-nation currency bloc.All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Stocks, the euro and government bonds tumbled, with the Milan exchange down 4% and the yield on Italy's 10-year bond trading above 6% at one point, suggesting investors are increasingly worried the country will not be able to handle its debts.
Rescuing Italy and Spain — the third- and fourth-largest economies in the eurozone — would simply be too expensive for the EU's rescue funds, so their stability is synonymous with that of the 17-nation currency bloc.
Dollar Rises Against Euro on Italian Debt Worries - ABC News
Dollar Rises Against Euro on Italian Debt Worries - ABC News
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After dropping as low as $1.3836 overnight, the euro's weakest point since early March, the euro is trading at $1.3988 Tuesday morning in New York, down from $1.4024 late Monday.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Is Russia Selling its Gold? - GoldSeek.com
Is Russia Selling its Gold? - GoldSeek.com
Monday, 11 July 2011
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - GoldForecaster.com
-- Posted Monday, 11 July 2011 http://news.goldseek.com/GoldForecaster/1310432400.php
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Monday, 11 July 2011
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - GoldForecaster.comIn the media on Thursday of last week, an article appeared in the States stating that “Russia is selling its gold”. This may have alarmed those in the gold world, until they looked carefully at the words. The article gave the impression that the central bank of Russia was selling gold. But what was the real story? Is Russia selling its gold from its foreign exchange reserves? If so, it is flying in the face of its government and the policy of its central bank.
Who is the Russia that is selling gold?
Gold-producing companies sell their gold after the gold has been refined at reputable refineries in their country. The government receives a report of the amount sold and a report of the amount of dollars or currency for which it was sold and ensures that the foreign currency returns to the country. This is a perfectly normal way for exporters to export any product. Mining companies all over the world follow the same procedure. Would it be correct therefore to say that the country is selling its gold? Certainly this is not what the gold market understands by “Russia is selling its gold”. No, this is local Russian, gold mining companies exporting the gold they produced.
Hence, this cannot be defined as the country selling its gold, in the way the market understands it. If it were, then South Africa is selling its gold, so is Peru, Mexico and most other nations that host gold mines.
How a Country Buys and Sells its Gold
First we have to understand that when a ‘country’ buys or sells its gold it refers to the country’s central bank buying or selling gold for the nation’s reserves. Where this happens, gold is often bought from local producers. The central bank will simply agree with the local miner to pay him local currency for his gold at market-related prices. In all cases where miners export their gold, they are paid in local currency, once the proceeds of the sale of the gold are repatriated. But in the case of buying local production, no foreign exchange is involved, but the central bank pays the miners from its own resources.
Purchases of Gold by Russia over the Last Year
In some cases the central bank of the nation buys only a small amount direct from local miners. In other cases the central bank may buy the entire local production and in the most extreme of cases the central bank may buy the entire local production plus purchase from the physical market in London, usually at the Fixes. The ultimate way to buy gold is to buy all local production, buy more through London and then to encourage one’s own citizens to buy gold from importers, such as China. In time of stress, the government will be able to take its own reserves and its citizen’s gold from them.
Total Production in 2010 203 tonnes
Is the Russian central bank selling its gold? No, it’s continuing to buy gold. When he was President, Mr. Putin instructed that Russia hold 10% of its reserves in gold. Since then the Russian central bank has been buying gold from local production as you can see from the World Gold Council’s numbers above. With Russia producing around 203 tonnes a year from its mines, the last year’s purchases amounted to 144.3 tonnes. Does the fact that it doesn’t buy its entire locally produced gold mean it is selling its ‘official’ gold? The implication is that it is selling ‘officially’ owned gold, not its local mines’ gold. The World Gold Council numbers state that local production is being purchased, but not completely.
What could be a possibility is that it is buying its gold from only a select number of local mines, as the gold becomes available, or it is exporting all its locally produced gold and buying gold for its reserves from the London market. We feel that if they were buying locally produced gold the tonnages purchased each month would show a smoother pattern.
So far the gold content of Russia’s reserves is about 7.8% -up from 5.3% in January. The statement from its central bank read,
“The bank of Russia is not committed to buying any particular amount of gold,” the bank said. “Nor is there any official target amount of gold purchases. The bank buys gold at a market price, and its buying intentions completely depend on the market conditions.”
How’s that for inscrutability?
Is the Russian central bank buying in London? That would explain the variety of monthly purchases as market conditions would throw up more on the falls than on the rises. A buying order that set the condition, “show me the offer and then I will decide”, would fit in too. Even an eventual target of 10% of reserves would allow the central bank sufficient leeway to say there is no defined amount that they should buy. An earlier statement from the Russian government/central bank sources stated that, “Russia intended to buy at least 100 tonnes a year for its reserves.”
Central Bank Discretion
Central banks have and will always be sensitive to declaring the exact state of its gold holdings and gold policies. This allows writers (on central bank gold) huge scope on what conclusions they wish to reach. Even Greece’s 111 tonnes of gold is not up for grabs by the creditors of Greece, but there is a deafening silence over Greece’s gold, despite its overwhelming debt.
Governments generally cannot interfere with the independence of their central banks. It is the central bank that decides the gold policy of reserves. In Germany, calls for gold sales by politicians were refuted. In France, the head of the French central bank, at first said that selling a nation’s gold was like selling the family jewels. But then Sarkozy, France’s Finance Minister ordered the Banque de France to do so, which it then did, in part.
Legal Notice / Disclaimer
This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Gold Forecaster - Global Watch / Julian D. W. Phillips / Peter Spina, have based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Gold Forecaster - Global Watch / Julian D. W. Phillips / Peter Spina make no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Gold Forecaster - Global Watch / Julian D. W. Phillips / Peter Spina only and are subject to change without notice. Gold Forecaster - Global Watch / Julian D. W. Phillips / Peter Spina assume no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.
-- Posted Monday, 11 July 2011 http://news.goldseek.com/GoldForecaster/1310432400.php
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Gold and Silver Update
Gold and Silver Update
-- Posted Monday, 11 July 2011
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Charts in this report are courtesy Stockcharts.com unless indicated.
Historically the precious metals prices drift lower during the summer months, with a bottom in July, although sometimes not until August. At this time of year demand from India is less because the festivals are over and demand from jewelers is low because of summer holidays. Investment demand is also down because buyers are expecting a correction.
This historical precedence (low summer prices), has been nourished by a number of analysts. (Any connection between the names used in this essay and living persons is purely coincidental). ‘Low-price Larry’ has predicted a collapse in the gold price since early this year. ‘Oriental Steve’ predicted on May 7th that gold and silver would drop to their 200 day moving averages by July 7th.
In 2009, ‘craptal Dave’ predicted that silver would drop sharply. (The price rose instead). He called for a major long term top at the end of his 64 month cycle to occur in February of 2011. Gold refused to comply and has risen 10% since then. Last we heard of ‘craptal Dave’ he shorted gold at the end of June at $1515, hoping for a drop to $1462. It has been rumored that he considers his craptal system to be more effective than fundamentals.
DISCLAIMER: Please do your own due diligence. Investing involves taking risks. I am NOT responsible for your trading decisions.
Happy trading!
Peter Degraaf is an online stock trader with over 50 years of investing experience. He publishes a daily and a weekly report for his many subscribers. For a copy of a recent report you may send him an E-mail or visit his website www.pdegraaf.com
-- Posted Monday, 11 July 2011
The Gold Rush - CNBC Video Link
The Gold Rush
6 hours ago - CNBC 4:26 | 103 views
A look at whether the precious metal is a good way to protect your portfolio and the best way to get in on the action, with Imaru Casanova, MLV & Co. , and Darin Newsom, Telvent DTN.
http://finance.yahoo.com/video/cnbc-22844419/the-gold-rush-25913577
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Bigger Correction to Come? finance.yahoo.com/video
Bigger Correction to Come?
3 hours ago - CNBC 4:27
Could earnings already be priced into the market? Mary Ann Bartells of Bank of America Merrill Lynch explains.
http://finance.yahoo.com/video/cnbc-22844419/bigger-correction-to-come-25914955
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Alpha Oculus News! Do Not sell Your Gold & Silver
segerink on Jul 11, 2011
More information at http://www.alphaoculus.com
More bullish news , and experts like bob Chapman forecasting that Gold and Silver will go up by a 100 to 150 percent in 6 months from now , if you are thinking of buying Gold and Silver do it now you may never get these low prices ever again , the market manipulators cannot hold those prices low forever , once they take their hands off the market the prices will shoot to the moon , here are some bullish news for you , India to import 350 tons of Gold and 1200 tons of silver , before the Chinese and the Indians used to wait for the dips to buy now they buy no matter what the price is , because they very well know that the prices are kept artificially very low...the Euro is collapsing the Dollar is collapsing the central banks are printing fiat currency faster than ever , so what you do ??? go buy as much gold and silver as you possibly can.
Visit my Fan Page on Facebook to:
http://www.facebook.com/pages/Jeroen-Segerink-Integral-Business/175117662548463
Best regards,
Jeroen Segerink
Internet Entrepreneur
More bullish news , and experts like bob Chapman forecasting that Gold and Silver will go up by a 100 to 150 percent in 6 months from now , if you are thinking of buying Gold and Silver do it now you may never get these low prices ever again , the market manipulators cannot hold those prices low forever , once they take their hands off the market the prices will shoot to the moon , here are some bullish news for you , India to import 350 tons of Gold and 1200 tons of silver , before the Chinese and the Indians used to wait for the dips to buy now they buy no matter what the price is , because they very well know that the prices are kept artificially very low...the Euro is collapsing the Dollar is collapsing the central banks are printing fiat currency faster than ever , so what you do ??? go buy as much gold and silver as you possibly can.
Visit my Fan Page on Facebook to:
http://www.facebook.com/pages/Jeroen-Segerink-Integral-Business/175117662548463
Best regards,
Jeroen Segerink
Internet Entrepreneur
Gold's Incredible Strength
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SIZZLING SUMMER STOCK RALLY UNDERWAY
goldenticker on Jul 10, 2011
Will the rally last? Is this a "triple top?"
Mark Gordon looks at the markets and leading stocks. More info at www.goldenticker.com -
Free Live charts at http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2670890
aapl apple gold silver stock market stocks monster trends trend investing investments trading trade system day swing wealth picks pics pick tips index futures options index economic analysis golden ticker charts report finance financial economy money charts commentary trading
Forex @ DailyFX - FX Technical Weekly: Swiss Franc Reversal Has Legs
Forex @ DailyFX - FX Technical Weekly: Swiss Franc Reversal Has Legs
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
British Pound / US Dollar
Daily
Prepared by Jamie Saettele, CMT
US Dollar / Swiss Franc
Daily
Prepared by Jamie Saettele, CMT
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Euro Plummets Through Triangle Trendline
http://www.dailyfx.com/technical_analysis/elliott_wave/?elliottWave=EUR/USD
Euro Plummets Through Triangle Trendline
Daily Bars
Prepared by Jamie Saettele, CMT
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Nearly Nonexistent June Job Growth Shocks Analysts
NewsyBusiness on Jul 9, 2011
BY: MEGAN NOE
There's just one topic on the minds of business analysts after a shocking labor report Friday.
And to quote the old political yarn -- it's the economy, stupid.
The latest jobs report shows nearly nonexistent job growth for June-- just 18,000 jobs were added.
Analysts predicted numbers to top 100,000.
That also means unemployment ticked up once again-- to 9.2 percent.
CNN reports what every American already knows-- it's bad news.
"This report calls into question a rebound at the end of the year that so many people had talked about. But you know what, Fed Chief Ben Bernanke, he gave us kind of a heads up to this a few weeks ago that the job market is weaker than expected, but you know that's a huge worry to hear the Fed chairman say that. Even Bernanke doesn't know why the economy is slowing down, why it's continuing like this. It's not good news for the recovery."
The government sector alone was down 39,000 jobs-- and Republicans were quick to jump on the announcement. House Speaker John Boehner tweeted:
"The June unemployment report has Americans asking once again: where are the jobs? We need serious reforms that restrain future spending & spending cuts that exceed any debt limit hike #4jobs -- not tax hikes."
President Obama addressed the report from the White House, citing five reasons for the slow growth.
These include a string of natural disasters, gas price spikes, state and local budget cuts, fiscal problems in Greece and Europe, and uncertainty about whether the government will raise the debt ceiling.
But Washington Monthly says, the lack of economic growth is the result of a political stalemate in Washington -- and neither Democrats nor Republicans seem committed to fixing it.
"When the jobs reports were looking quite good in the early spring, Republican leaders were eager to take creditfor the positive numbers they had nothing to do with. Needless to say, GOP officials are no longer claiming responsibility, and are in fact now eager to point fingers everywhere else."
On CNBC, Council of Economic Advisers Chairman Austan Goolsbee laid out the White House plan for recovery.
"Number one, let us extend the payroll tax cut. Number two, let us pass the free trade agreements to promote exports in the country. Number three, let's create the infrastructure bank and put workers back to work. Number four, let's pass the patent reform bill to encourage entrepreneurs. And number five, let's pass a balanced bipartisan deficit reduction agreement that removes the uncertainty that is hanging over the business sector about whether the federal government is going to pay its bills."
But can that plan create the 150,000 to 200,000 jobs per month analysts say are needed just to keep up with population growth? And is this just a soft patch, or a view of things to come? Moody's Chief Economist offers MSNBC one optimistic prediction.
"If you look at all of the other data economists use to try and gauge today's numbers, they all point to a much better number. You mentioned ADP, but there's a lot of others: initial claims for unemployment insurance, there's surveys of manufacturers and non-manufacturers that showed a lot more strength. So that's a reason for some optimism and hope that in the next couple, three months we will see better job numbers because all of the other data suggests that this was the outlier."
Others are much more pessimistic, saying The White House needs to get focused.
"The jobs report is a disaster, both for millions of Americans and for Obama's political prospects. The White House should be making it clear, every single day, that job creation must be the number one priority." (Salon)
The July numbers are scheduled to be released August 5.
'Like' Newsy on Facebook for updates in your newsfeed.
Get more multisource video news analysis from Newsy.
Transcript by Newsy.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Bumi bags $900m in IPO - Upstream Online
Bumi bags $900m in IPO - Upstream Online
Malaysian offshore contractor Bumi Armada hit the higher end of its expected range as it launched its initial public offering.
The vessel owner raised 2.7 billion Malaysian ringgit ($896.86 million) through the offering in advance of a listing on the Kuala Lumpur bourse, an announcement read today. The company had been targeting between 2.6 billion and 2.7 billion ringgit.
Bumi managed to sell around 878.54 million ordinary shares which represented 30% of the company. Bumi claimed that “total demand for the institutional offering¿was at a level approaching 50 times the number of shares available in the book”.
Buyers were split evenly between Malaysian and international players with “leading institutional investors” also opening their wallets.
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