Jun 15, 2011
Renowned Eurosceptic and British Euro MP Nigel Farage says saving the banks is why politicians are so determined to bail out Greece and keep it in the Eurozone.
Thursday, 16 June 2011
Nigel Farage: Bankers+politicians = 'unholy alliance' vs people
Economies Must Help Each Other, S. African Minister Says
Apr 20, 2011
South African cabinet minister Trevor Manuel said during an April 11 lecture at Georgetown that nations and market economies must complement each other to encourage economic growth and help citizens of all socioeconomic levels.
"We must try to find ways to grow the economy to benefit all of its citizens," he said.
Manuel was on campus to deliver the Oliver Tambo lecture sponsored by the African Studies Program in the School of Foreign Service.
"We must try to find ways to grow the economy to benefit all of its citizens," he said.
Manuel was on campus to deliver the Oliver Tambo lecture sponsored by the African Studies Program in the School of Foreign Service.
Trevor Manuel: Human Inaction Worsens Global Crises
May 2, 2011
Trevor Manuel speaks about human inaction that worsened recent financial, food and climate change crises. According to him a lot of key people new about the financial crises but did not take appropriate actions to prevent it.
This speech was recorded at the conference on the Challenge of Managing Crises in a Rapidly Changing World, jointly organized by the Independent Evaluation Group and the World Bank Institute.
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Ron Paul's Answers at the CNN GOP Debate in New Hampshire - June 13, 2011
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Global Aging
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Athens protesters clash with police - video
http://www.guardian.co.uk/world/video/2011/jun/15/greece-protesters-clash-with-police?intcmp=239
Athens protesters clash with police - video
As Greece's PM seeks backing for dramatic austerity measures, violence erupts outside parliament
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RT crew caught in Athens tear gas chaos, slammed by Greek rioters
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Greece to Form New Government
http://online.wsj.com/video-center?mod=WSJ_formfactor
News Hub: Greece to Form New Government 6/15/2011 4:58:21 PM
Greek Prime Minister Papandreou will form a new government Thursday after talks to form a national unity government failed. The announcement came as police clashed with protesters in Athens, Costas Paris has the latest from Athens.
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.
Pandora's Soft Rock Debut
Pandora's Soft Rock Debut
Web-Radio Provider Made Splash in Early Trading, but Gains Ebb by Close
Read more: http://online.wsj.com/article/SB10001424052702304186404576387413478265794.html#ixzz1POLlLvOJ
Shares of Pandora Media jumped more than 40% to $22.41 in the first minutes of trading on Wednesday morning following the company's IPO.
Read more: http://online.wsj.com/article/SB10001424052702304186404576387413478265794.html#ixzz1POLbGMC7
By DON CLARK And ETHAN SMITH
Pandora Media Inc.'s decade-long effort to redefine radio took a small step forward with a closely watched initial public offering. But the IPO lacked some of the sizzle of recent debuts by its Internet peers as questions remain about the company's ability to turn a profit.
Pandora's shares, priced at $16, opened 25% higher Wednesday and briefly touched $26 in their first trading session. By the end of the day, however, the stock surrendered much of those gains amid a broader market selloff. Pandora was at $17.42, up 8.9%, at 4 p.m. on the New York Stock Exchange, leaving the company with a market value of nearly $2.8 billion.
The company broke the first-day pop pattern seen in other Internet players that have gone public recently. Last month, Russian search engine Yandex NV gained 55% on its debut and professional networking site LinkedIn Corp. doubled during its IPO.
Read more: http://online.wsj.com/article/SB10001424052702304186404576387413478265794.html#ixzz1POL48kBK
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.
Greek Fears Send Stocks to Three-Month Low
http://online.wsj.com/article/SB10001424052702304186404576387200659679630.html?mod=rss_markets_main
A market rally ends as turmoil in Greece dampens outlooks. Plus, Pandora shines on its opening day, a look at what the Fed is planning, and why investors should take a look at equities
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Greek Fears Send Stocks to Three-Month Low
By JONATHAN CHENG
U.S. stocks tumbled as fears of contagion around a Greek default picked up, adding more pessimism to a foreboding mix of U.S. economic data.
The Dow Jones Industrial Average sank 178.84 points, or 1.48%, to 11897.27, a new three-month low that wiped out the week's gains.
The Standard & Poor's 500-stock index fell 22.45 points, or 1.74%, to 1265.42 and the Nasdaq Composite shed 47.26 points, or 1.76%, to 2631.49.
The declines were broad-based. All 30 of the Dow components and all 10 sectors of the S&P 500 finished lower. Only 13 of the S&P 500 companies bucked the trend with modest gains.
After the selloff, all three major indexes are down for the week—putting the U.S. stock markets on track for their first seven-week slide since 2001.
A market rally ends as turmoil in Greece dampens outlooks. Plus, Pandora shines on its opening day, a look at what the Fed is planning, and why investors should take a look at equities
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.
Greek debt crisis sinks stocks...Jun 16
http://news.yahoo.com/s/ap/20110615/ap_on_bi_ge/us_wall_street_summary_box
Greek debt crisis sinks stocks
THE INDEXES: The Dow Jones industrial average fell 178.84 points, or 1.5 percent, to close at 11,897.27. The S&P 500 index fell 22.45, or 1.7 percent, to 1,265.42. The Nasdaq fell 47.26, or 1.8 percent, to 2,631.46.
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 Bulls Charge on.....
Gold and Silver Bulls Charge on: Here's How to Play It
With the Berkanke "put option" from QE2 winding down, we think more volatility in the VIX (VXX, VXZ) is in store for the markets over the short term. Our analysis shows that the low interest rate environment and the Fed's latest round of easing have yet to fully percolate into equity and commodities markets. While early signs of inflation have appeared in silver (SLV) markets earlier this year, we think the bull has yet to run its course. Here our some of our ideas of how to play this trend:
SPDR Gold Shares (GLD): Gold Shares is an ETF that is priced at one tenth of the price per ounce of gold. Being priced at a fraction of the price of gold makes participation in the gold market more accessible for investors. GLD is the first, oldest, and largest gold ETF with $60.68B in assets.
SPDR Gold Shares (GLD): Gold Shares is an ETF that is priced at one tenth of the price per ounce of gold. Being priced at a fraction of the price of gold makes participation in the gold market more accessible for investors. GLD is the first, oldest, and largest gold ETF with $60.68B in assets.
GLD has a YTD return of 9.84%, 1 year total return of 32.08%, and a 3 year total return of 20.70%. Physical gold bullion makes up 100% of its holdings. GLD is a great buy to take advantage of the current upward trend in gold. Being tied directly to gold, prices should increase as Greece worries heighten.
Gold is the world's reserve currency, and, if demand can get ahead of supply, Gold may temporarily outpace Platinum (PPLT, PGM) as both head towards $2000 per troy ounce.
Gold is the world's reserve currency, and, if demand can get ahead of supply, Gold may temporarily outpace Platinum (PPLT, PGM) as both head towards $2000 per troy ounce.
ProShares Ultra Gold (UGL): Ultra Gold is the next step up from GLD. UGL invests in gold instruments, mostly futures, with the goal of doubling the performance of gold bullion. That is to say that if gold increases 5%, then UGL should increase 10%; and vice versa for losses. Because of this multiple, Ultra Gold is a much riskier investment than physical gold or GLD, but also has more reward potential.
UGL has a YTD return of 18.95% and a 1 year total return of 65.98%. While GLD does not correlate perfectly to gold, we can see a striking similarity between the returns of GLD and UGL. Ultra Gold is almost exactly double Gold Shares. UGL is not for all investors; because of the leverage, the risk is high. If you are ready to aggressively invest in gold, then UGL allows you to take a bullish stance. Over the long-term decay in the futures UGL holds causes some slippage. As a result, the long-term returns are not quite 2x GLD.
In the alternative, we recommend more sophisticated investors short ProShares UltraShort Gold (GLL) and capture some of the slippage in this fund as it attempts ot track 2x the inverse of gold. Please see our primer on futures slippage as it relates to iShares Short-Term Volatility ETN (VXX) here.
In the alternative, we recommend more sophisticated investors short ProShares UltraShort Gold (GLL) and capture some of the slippage in this fund as it attempts ot track 2x the inverse of gold. Please see our primer on futures slippage as it relates to iShares Short-Term Volatility ETN (VXX) here.
Market Vector Gold Miner ETF (GDX): Gold Miner is an ETF which invests in the gold mining industry. All of its investments are in basic materials stocks and ADRs. At least 80% are invested in gold mining companies in this un-diversified fund. GDX aims to duplicate the price and yield of the NYSE Arca Gold Miners Index.
Gold Miners holds some big names in gold mining including Barrick Gold Corporation (ABX), Goldcorp Incorporated (GG), Newmont Mining Corporation (NEM), Randgold Resources Limited (GOLD),and Eldorado Gold Corp Ltd Ordinary (EGO). Its top two holdings ABX and GG, account for more than a quarter of its holdings. With the demand for gold rising, the pressure is on miners to increase production.
Some argue that production has slowed, and therefore these companies are not sound investments. The reality is that in 2002 gold production was not seen as profitable due to low gold prices, and the industry had already started to slow production before the prices began to rise. It takes time to increase production. At first the industry was reluctant to increase in order to see if the higher prices would last. This industry is ramping up production to meet the new demand.
Some argue that production has slowed, and therefore these companies are not sound investments. The reality is that in 2002 gold production was not seen as profitable due to low gold prices, and the industry had already started to slow production before the prices began to rise. It takes time to increase production. At first the industry was reluctant to increase in order to see if the higher prices would last. This industry is ramping up production to meet the new demand.
Barrick Gold Corporation (ABX): Barrick Gold is in the business of producing, selling, mining, and exploring gold globally. It has 25 operating mines as well as interests in oil and gas production in Canada.
The current price in the $40s is down from its 52 week high in late April of $55.74. It has a steady dividend yield of 1.00%. Barrick recently announced that it will acquire Equinox Minerals Limited (EQN), which is a mining and exploration company whose main project is a copper mine in Africa.
ABX has also announced the sale of $4B in debt securities. This capital will help finance the Equinox deal and be used for general corporate purposes. ABX is a buy. The company has shown determination to become the biggest, best, and most sustainable gold production company in the world. The increase in gold prices will only edge its production higher.
ABX has also announced the sale of $4B in debt securities. This capital will help finance the Equinox deal and be used for general corporate purposes. ABX is a buy. The company has shown determination to become the biggest, best, and most sustainable gold production company in the world. The increase in gold prices will only edge its production higher.
Goldcorp Incorporated (GG): Goldcorp is a precious metals explorer and developer globally; including gold, silver, copper, zinc and lead. It also produces and sells gold and silver. GG is one of the major players in the gold mining industry.
GG has a trailing P/E ratio of 18 and a forward P/E ratio of 17.5. The current price is $47, which is on a yearlong bumpy rise, with a 52-week high at $56.20. GG also has a forward dividend yield of .90% paying $0.03 quarterly. Along with Barrick, Goldcorp owns a stake in the Pueblo Viejo mining project. Though there have been some delays due to inclement weather, once in production, the mine is expected to produce 600,000 ounces of gold annually. Additionally, significant amounts of zinc, copper and silver have been found near extractable gold reserves as well. Goldcorp is a buy due to its earnings growth prospects. It posted a 71% increase in revenue last year and as I said before, it is one of the major players in an industry that is set to rise.
Agnico-Eagle Mines (AEM) is another solid gold mining company. AEM has been hard at work expanding operations through exploration in countries that are conducive to mining, mostly the Americas and select European countries. It has a P/E of 29.2, which is not as favorable as ABX, but does have a modest debt/equity ratio of 0.2. Forward earnings projections place the PE around 18 for fiscal 2012. Relative to the industry, its price/book and price/sales are high at 2.8 and 6.5, respectively.
The numbers on AEM may not be as impressive as ABX, but I would recommend this as a growth play. With heavy investments in five new mines, Agnico-Eagle is positioned to see growth over the coming quarters. Shares yield 1.1% for patient investors who can wait for further growth to appear.
Agnico-Eagle Mines (AEM) is another solid gold mining company. AEM has been hard at work expanding operations through exploration in countries that are conducive to mining, mostly the Americas and select European countries. It has a P/E of 29.2, which is not as favorable as ABX, but does have a modest debt/equity ratio of 0.2. Forward earnings projections place the PE around 18 for fiscal 2012. Relative to the industry, its price/book and price/sales are high at 2.8 and 6.5, respectively.
The numbers on AEM may not be as impressive as ABX, but I would recommend this as a growth play. With heavy investments in five new mines, Agnico-Eagle is positioned to see growth over the coming quarters. Shares yield 1.1% for patient investors who can wait for further growth to appear.
iShares Silver Trust (SLV) – Much like GLD for gold, SLV is an ETF that offers shares that are backed by physical silver. In the short term, silver will continue to benefit from the lackluster dollar and euro, in my opinion. Historically, silver has had much larger swings and is much more volatile than some investors can handle. Back in 2008, silver dropped dramatically with the market, while gold only took a small dive, but both have continued to grow since then. Over the past few weeks, silver has been declining. Be vigilant. If the economy is still floundering and currency still amuck, silver could provide good returns, if bought at the right price.
Pan American Silver (PAAS) is mostly a silver explorer and producer. The company has multiple mining operations in North and South America, as well as in Europe. The company has a solid price/book ratio of 2.3 and a good price/sales ratio of 5.5. It keeps an operating margin of about 30% compared to an industry average of 22.7%. It does have a less-than-stellar price/earnings of 30.6 as opposed to an industry average of 21.5. The outlook on silver is bullish, and at the right price this is a good stock for traders who are looking for a play that correlates with silver prices.
Silver Wheaton Corporation (SLW) is an interesting company for investors looking at silver futures trading. The company does not actually purchase physical silver but buys long-term purchase contracts for silver. This provides a valuable service in the silver market. Silver Wheaton helps miners’ hedge risk against future price fluctuations and helps smooth balance sheets.
SLW initiated a 3 cent per share quarterly dividend after a stellar first quarter earnings statement. It stands with a P/E of 33.2. Shares tout a 66% operating margin and EPS growth of 30.9% year-over-year. We recommend that investors buy as SLW approaches $30 per share or use a put-selling strategy to acquire shares.
SLW initiated a 3 cent per share quarterly dividend after a stellar first quarter earnings statement. It stands with a P/E of 33.2. Shares tout a 66% operating margin and EPS growth of 30.9% year-over-year. We recommend that investors buy as SLW approaches $30 per share or use a put-selling strategy to acquire shares.
More articles by Investment Underground »
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.
Comex Gold, Silver End Near Unchanged... Kitco news
Jun. 15 2011 — 4:08 pm
Comex gold and silver futures prices closed the day trading session near unchanged levels Wednesday. Gains in precious metals were limited by a strong rally in the U.S. dollar index and sharply lower crude oil prices. However, selling pressure was mitigated by safe-haven investment demand due to an escalation in the European Union’s debt crisis with Greece. Look for a more active trading day in many markets on Thursday, due to the EU situation and the big moves Wednesday in the U.S. dollar index and crude oil. August gold last traded down $0.40 an ounce at $1,524.00. Spot gold last traded down $1.20 an ounce at $1,523.50. July Comex silver last traded down $0.041 at $35.37 an ounce.
The U.S. dollar index traded strongly higher Wednesday and hit a fresh three-week high on flight-to-safety buying and as the Euro was hit hard by the lingering wrangling going on among European Union and IMF officials, regarding what to do about Greece’s very serious debt problems. There was rioting in the streets of Athens Wednesday, amid rumors Greece’s government was on the verge of collapsing. Bond yield spreads in Europe are at record levels this week, which underscores the serious nature of the Greek debt issue. Remember that Greece is just one EU country among several that are also on very shaky ground with their finances. The precious metals were supported by safe-haven buying amid the EU debt crisis that has been playing out for a year and a half.
http://blogs.forbes.com/kitconews/
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GOLD: Will always have a place!
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.
110615 - Hyper Report
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.
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