MinKL Invest: 09/20/11

Tuesday 20 September 2011

Gold and Global Monetary Base chart...IMF, World Gold Council

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.

'Occupy Wall Street' Protest- Is It Working?

NewsyBusiness | Sep 19, 2011

Transcript:

BY SHELLY YANG

Wall Street's looking a little different this weekend. More than 2,000 protesters from all over the country gathered in lower Manhattan to join the Occupy Wall Street Movement.

"A protest on Wall Street. Police quickly set up barricades near the New York stock exchange after hearing about the protest plans on twitter. Some people called it the United States day of rage. According to organizers, the idea was to camp out for weeks, even months possibly as an expression of anger over the financial system they say favors the rich and powerful. At least two people were arrested. "

Most U.S. cable networks only briefly mentioned the event. And The Wall Street Journal had no coverage as of Sunday afternoon -- but Russian news outlet RT went in-depth. A protester told the network the group's anger was targetted at Wall Street fat cats.

"When the top 1% of wealth of this country controls political decisions, when the money that comes straight out of banks goes to bonuses instead of taking care of the problems we need and that same money goes to pay for politicians who make those decisions, people should be damn annoyed."

The Think Progress website concedes debates about the tactics and strategies behind an anti-Wall Street campaign might be warranted. It points out...

"While many of the conservative defenders of Wall Street may be quick to portray protests ... as driven by envy of its wealth or far-left ideologies, the truth is that people have a very simple reason to be angry — because Wall Street's actions made tens of millions of people dramatically poorer through no fault of their own."

The protest organizer AdBusters expects this campaign to be like the Tahrir Square moment of the Arab Spring. The site has a link to a live stream of the event on its website.

But CNN questions about the impact.

"CNN Money's Julian Pepitone was in the middle of it today. She said it turned out felt way short of organizers' expectations."
"The original call back in July from Adbusters magazine was for 90,000 people to show up, and a couple of weeks ago they kind of down say that asking for 20,000 people, but they certainly didn't get that kind of turnout today."

But China's Xinhua News Agency warns America that this is a warning sign.

"The U.S. economy is so depressed at the moment and the employment rate keeps plummeting. If it can't stop, it is not impossible for America to confront large-scale social unrest."

The protest organizers say they plan to occupy Wall Street for a couple months. But according to Bloomberg -- already -- on Day 2 -- their numbers had dwindled to a few hundred Sunday.

Is It the End for RIM?

by NewsyBusiness on Sep 19, 2011

Transcript:

BY: JESSICA SMITH

Sales for BlackBerry maker, Research in Motion---have come to a screeching halt. FOX Business reports.

"RIM plunging 19 percent after the company's miserable quarterly report after the bell yesterday, with BlackBerry sales falling for the first time in a decade."

RIM's announced Q3 earnings, sales and revenue are so bad-- investors now wonder : Is this the end for BlackBerries? After the three straight losing quarters and 50% profit drop this year--an analyst tells the New York Times:

"We question the company's long-term viability. The clock is ticking."

Analysts are losing faith in the company, but what about RIM execs? CNBC's Jim Cramer thinks they might see it differently.

"I have here in my hand, a genuine fantasy island script, it happens to be the Research in Motion conference call, but it is fantasy land. To listen to these guys, it's like all systems are go go go, that they can't make enough product and this is their time."

Bloomberg Businessweek says RIM's founders haven't taken the right approach.

"These guys have misexecuted, they have been very late with the new products. They've missed their own forecasts. They've done nothing to reassure Wall Street that they're going to get more competitive against Apple and Google's Android products."

Q3 cost RIM's CEO Jim Balsillie his billionaire status--his value dropped from almost $2 billion to $640 million. He believes his fortunes will turn when holiday shopping rolls around and the Blackberry 7 hits the market. Still, he's got Jim Cramer to convince.

"This is a document that is the obituary for Research in Motion."

Rogue traders, short sellers - seppuku, anyone?

RussiaToday | Sep 19, 2011

Watch the full Keiser Report E186 on Tuesday. This week Max Keiser and co-host, Stacy Herbert, discuss Babyface Bernanke, Eurotarp and 'rogue traders.' In the second half of the show Max talks to Bill Still, director of The Money Masters & The Secret of Oz, about Fort Knox, state banks and monetary reform.

Occupy Wall Street -- America's own Arab Spring?

RTAmerica | Sep 19, 2011

Crowds gathered in New York's financial district to protest Wall Street greed, corruption and lack of accountability. RT's Anastasia Churkina dove into the rally to find out whether this could be the beginning of America's own Arab Spring.

Gold Prices, Supply, Demand; China's Reserves... Aug. 9 (Bloomberg Video)

Gold Prices, Supply, Demand; China's Reserves Aug. 9 (Bloomberg) -- George Milling-Stanley, managing director for government affairs at the World Gold Council, talks about the drivers for gold prices and China's gold reserves. Milling-Stanley speaks with Erik Schatzker, Sara Eisen and Betty Liu on Bloomberg Television's "InsideTrack." (Source: Bloomberg) 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.

How to Hedge Gold - Precious Metals - Resource Investor

Larry D. Spears

Published 9/19/2011

Gold prices have had a phenomenal run over the past year, but the distinguishing feature of the market in recent weeks has been extreme volatility – volatility that has many investors nervous about protecting the big profits they've rolled up and looking for ways to hedge gold.

Now, we don't advise jumping off the gold bull's back just yet – especially since Money Morning's leading gurus see a gold price climb to $5,000 possible over the long haul. But you may want to consider taking out a little short-term "insurance" on your precious metals profits.

In fact, we suggested readers do just that in the Aug. 22 issue ofMoney Morning Private Briefing. We even went a step further and issued step-by-step instructions for a gold-hedging strategy.

Just two days later, on Aug. 24, gold suffered its third-worst down day in history, plunging 5.6%.

Readers who took our advice reaped windfall profits as a result. And now we're giving you the same opportunity.

We're back today with another strategy to help "insure" your gold profits.

The Secret Way to Hedge Gold
The only thing you need to do to hedge gold is follow this simple options strategy.
As with most option strategies designed to lock in existing profits, this one begins with the purchase of an at-the-money CME gold put option – one for each gold futures contract you own (or one for each 100 ounces of gold you hold in other forms).

[Editor's Note: For those unfamiliar with options, a put option gives its owner the right to sell a specific underlying assetat a designated price for a limited period of time. For example, an October Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) put option with a strike price of 42 would give its holder the right to sell100 shares of FCX common stock at a price of $42 a share at any time between the date of purchase and the option's stated expiration date, in this case, Oct. 21, 2011. A call option, the other basic type of option, would give its holder the right to buy a given asset at a specified price for a limited period of time.]

Normally, that would be sufficient to protect your gains, but this time there's a catch. The huge jump in volatility – i.e., theChicago Board Option Exchange's (CBOE) Gold Volatility Index is trading near its all-time high – has resulted in sharply higher option premiums. .......
http://www.resourceinvestor.com/News/2011/9/Pages/How-to-Hedge-Gold.aspx

September 19, 2011 Midday Metals Report

IraEpsteinFutures | Sep 19, 2011

Commodities, Ira Epstein, Linn Group, Futures Trading, Online Trading, Technical Analysis, Metals Report, Sales: 866-973-2077