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In the last 24 hours
Richard Mills - Ahead of the Herd
Barrick Comes Home
As part of his plan to prevent a run on the dollar, stabilize the US economy, and decrease US unemployment and inflation rates, on August 15, 1971, U.S. President Richard Nixon directed Treasury Secretary Connally to, among other things, suspend with certain exceptions the convertibility of the dollar into gold or other reserve assets and ordered the gold window to be closed so that foreign governments could no longer exchange their dollars for gold. For the very first time in our history, al
Friday, October 24, 2014
More than 24 hours ago
Dennis Miller - Casey Reseach
Is Gold as Dead as Florida Hurricanes?
It’s been over 3,280 days since a hurricane hit Florida. As hurricane season comes to a close next month, only Mother Nature knows how long the streak will last. Like many Floridians, my wife and I stayed home and rode out a hurricane—once! We’d built a home on Perdido Key, a barrier island west of Pensacola. It was engineered to withstand 150-plus mph winds, and it was a beautiful home with a master bedroom spanning the entire third floor, looking out across the Gulf of Mexico. Hurricane Danny
Tuesday, October 21, 2014
Dennis Miller - Casey Reseach
Straight Talk from Yogi Berra: 9 Ways to Retire Rich
“In theory there is no difference between theory and practice. In practice there is.”—Yogi Berra It’s October, AKA the major league baseball postseason. As a lifelong baseball fan, I take the wisdom of Yogi Berra seriously. And when it comes to planning for the autumn of life, Yogi is spot on. It seems as though every day an article titled “5 Tips for Retirement Saving” or something similar hits my inbox. I scan for the author’s name, and I’m amazed by how often it’s distinctly contemporary—Jenn
Tuesday, October 14, 2014
Dennis Miller - Casey Reseach
Yield-Hungry Baby Boomers Are on a Death March
Today’s forecast: yield-starved investors forced into the market by seemingly permanent low interest rates will continue to be collateral damage. For some, that collateral damage may involve more than the loss of income opportunities… many could be wiped out completely. At the Casey Research Summit last month, I asked the participants in our discussion group: “If there were safe, fixed-income opportunities available paying 5-7%, would you move a major portion of your portfolio out of the market?
Thursday, October 09, 2014
Dennis Miller - Casey Reseach
Cold Feet: Why Shareholders Should Fear the Hasty Corporate Marriage
I never understood why Sears bought Kmart. Sears was a giant retailer, the dominant tenant in shopping malls throughout the US. Kmart was the spawn of S. S. Kresge’s dime stores. They served different consumer groups—different strata. When they came together, they combined a lot of the same merchandise in their stores, and they both lost their identities. I don’t see either surviving much longer. Instead of allowing two companies to die, some embarrassed management teams settle on divorce, selli
Tuesday, October 07, 2014
The Gold Report
The Best Offense Remains a Good Defense: M Partners' Derek Macpherson
The Mining Report: Even at today's very low gold prices, many—including Goldman Sachs—have warned gold could go lower still. What is keeping the gold price down? What could turn it around? Derek Macpherson: Over the last several weeks, the gold price has been affected by the strong U.S. dollar. The U.S. economy is the least bad out there, given Europe's marginal recovery trajectory and the sanctions levied against Russia, its key trading partner. This isn't a flight to safety, it's a flight to
Tuesday, October 07, 2014
The Gold Report
Catalyst Check: Natural Resources Watchlist at Three Months
The Gold Report: Joe, some of your picks from the Natural Resources Watchlist have performed quite well. Do you want to give us some updates? Joe Mazumdar: Junior mining sector equities in the gold space, as proxied for by the Market Vectors Junior Gold Miners ETF (GDXJ:NYSE.MKT), have outperformed gold since the June Cambridge House conference. The inter-period high for gold was $1,335–1,340/ounce ($1,335–1.340/oz), about a 7% return. Gold is down about 3% since the conference, on the back of
Monday, October 06, 2014
The Gold Report
Catalyst Check: National Resources Watchlist at Three Months
The Gold Report: Joe, some of your picks from the Natural Resources Watchlist have performed quite well. Do you want to give us some updates? Joe Mazumdar: Junior mining sector equities in the gold space, as proxied for by the Market Vectors Junior Gold Miners ETF (GDXJ:NYSE.MKT), have outperformed gold since the June Cambridge House conference. The inter-period high for gold was $1,335–1,340/ounce ($1,335–1.340/oz), about a 7% return. Gold is down about 3% since the conference, on the back of
Monday, October 06, 2014
Richard Mills - Ahead of the Herd
Open The Door
Nickel is present in over 3000 different alloys that are used in over 300,000 products for consumer, industrial, military, transport/aerospace, marine and architectural applications. Nickel’s biggest use, about 65 percent, is in alloying - particularly with chromium and other metals to produce stainless and heat-resisting steels. Its primary function is to stabilize the austenitic (face-centered cubic crystal) structure of the steel. Normal carbon steel will, on cooling, transform from an au
Monday, October 06, 2014
Dennis Miller - Casey Reseach
Start Swimming or Drown: Don’t Expect a Life Vest to Save You from Low Rates
Touring the Alamo, presenting on how retirees can succeed in a crisis economy, and picking the brain of one of the world’s top economists, Dr. Lacy Hunt, about the future of low interest rates were among the highlights of my recent trip to San Antonio for the Casey Research Summit. In addition to authoring two books and countless articles for leading financial publications, Dr. Hunt is executive vice president of Hoisington Investment Management Company, a firm that manages $5.4 billion. Lacy is
Thursday, October 02, 2014
The Life Sciences Report
A Tour of Australian Biotechs with MorgansÂ? Scott Power
The Life Sciences Report: The latest Scientific American Worldview Scorecard has ranked Australia No. 7 in biotechnology in the world, up from No. 10 last year. What is Australia's secret sauce? Scott Power: In Australia, we have about 100 listed life science medical device/diagnostic companies. The sector is maturing. The weaker companies have disappeared. Well-established, sustainable businesses with approved products are generating more than enough sales to cover their operating costs. One o
Thursday, October 02, 2014
The Gold Report
From Beaver Creek to Denver: A Journey Between Different Worlds
Despite a relatively low gold price, 2014 marked a banner year for the Precious Metals Summit in Beaver Creek, Colorado, observed The Gold Report Publisher Jason Mallin. It topped 2013 records for attendees and presenting companies by 20%. "Nonproducing companies are still confident they can bring projects online. By starting smaller or through a strategic acquisition, they are looking for cash flow as soon as possible," Mallin observed. Meanwhile, at the Denver Gold Forum, the producing gold co
Wednesday, October 01, 2014
The Gold Report
Canaccord's Joe Mazumdar Shares His Favorite Get Rich Slow Schemes
The Gold Report: A strange thing happened over the last few months. The price of gold went down, but some of the junior mining equities are up. Can you explain what is going on? Joe Mazumdar: Year-to-date gold is flat. But the Market Vectors Junior Gold Miners ETF (GDXJ:NYSE.MKT) is up 13%. Investors prefer owning the equity now rather than owning gold. This was not the case a couple of years ago when gold was going up to $1,900 an ounce ($1,900/oz) and far outperforming equities. Part of the r
Wednesday, October 01, 2014
The Gold Report
Kal Kotecha: Going Against the Grain in Five Names
The Mining Report: You're the editor of Junior Gold Report, but you also follow similar-sized companies in the energy sector. Please give our readers an overview of the energy space. Kal Kotecha: I've been involved in the space since 2002 and I've never witnessed anything like what is currently happening. In the energy sector, I see the price of uranium increasing, but to see price appreciation across energy stocks, the price of oil must remain near $100 per barrel ($100/bbl). That $100/bbl ben
Tuesday, September 30, 2014
The Gold Report
Jay Taylor Urges Investors to Stay Liquid for the Coming Gold Boom
The Gold Report: The price of gold has fallen more than $130 an ounce ($130/oz) since July. Why? Jay Taylor: I believe we have two different markets. One is an honest market for physical metal. The other is a market that has increasingly become less than honest. The latter is a paper market, primarily in London and New York, and it is used to muddy the waters of price discovery with gold and silver. This paper market price is assumed to be the real price of gold. I don't think that's true.
Tuesday, September 30, 2014
Rick Ackerman
Using Put Options to Bet on a Junk-Bond Crash
Here’s an easy play for those who have never cashed a winning ticket trading puts or calls. Specifically, I am going to tell you how to bet on a junk-bond crash without risking your shirt — even if junk bonds continue to defy gravity indefinitely. First, let me assert that straight-up directional plays with stock options almost never win. Your odds are better trying to predict precisely when a shooting star will flash across the night sky. Similarly, if you buy call options with the expectation
Monday, September 29, 2014
Dennis Miller - Casey Reseach
Home Healthcare Cuts Threaten 500,000 Jobs and Put Female-Owned Businesses at Risk
That title wouldn’t make for much of a campaign slogan, and yet, it’s the natural outcome of one particular politician’s promise. As the editor of a retirement-focused newsletter, most of the notes I receive about the Affordable Health Care Act, or Obamacare, are first-person accounts of how a reader’s change in coverage or cost is affecting his finances. These (mostly sad) stories prompted several discussions with Andy Mangione, vice president of government relations of the Association of Matur
Thursday, September 25, 2014
The Energy Report
Keep Truckin': Russell Stanley on How to Snap Up Growing Energy Services Companies
The Energy Report: Are oil and gas field services in Canada a high growth sector? Russell Stanley: Energy prices drive oil and gas field construction and infrastructure development in western Canada. Other drivers include the need to build out liquefied natural gas (LNG) facilities and rail facilities. Jennings Capital targets service companies with market caps in the $50 to $200 million ($50�200M) range. These names tend to have fewer analysts following than do the larger names. We like comp
Thursday, September 25, 2014
The Life Sciences Report
Three Biotech Investment Ideas that Disrupt and Diversify: Anita Dushyanth
The Life Sciences Report: Anita, now that the fall investment season is upon us, is it a good time to look for opportunities in the life sciences? Anita Dushyanth: Definitely yes. In 2013, the NASDAQ Biotech Index showed a gain of about 66%, and in 2014 thus far, it's been about 21%, which is not too bad. The sector has had some corrections, but it is growing. Within biotech itself, investors can consider adding small-cap companies to their portfolios, as well as established players offering n
Thursday, September 25, 2014
The Gold Report
Richard Karn's Advice for Avoiding the Walking Dead
The Gold Report: When we interviewed you in April, you said the pending demise of zombie companies on the Australian Stock Exchange (ASX) was a good thing because there were too many deadbeats in the specialty metal sector. Has that process worked its way through the system or are there still some "walking dead" making it difficult for investors to pick out the promising companies? Since then another 23 resource companies have failed, and as of Aug. 25, 2014, 17 more had not paid their listin
Wednesday, September 24, 2014
The Gold Report
Sprott Fund Manager Jason Mayer's Guide to Resource Stock Profits
The Mining Report: In February, you gave a speech at The Vancouver Club that acknowledged the impact of investor fatigue on the junior mining equity space. Seven months later, are investors starting to get excited again about the space? Jason Mayer: Investors have been reacting in fits and starts, and everyone is still very cautious. I track a number of funds, and I watch how they perform on a day-to-day basis. What I have found interesting is that a number of resource funds in Canada continue
Tuesday, September 23, 2014
The Gold Report
Tell Us, Christos Doulis, Can Gold Act as a Safe Haven Again?
The Gold Report: The World Gold Council, which gets its numbers from Thomson Reuters GFMS, reports that total gold demand in Q2/14 fell by 15% versus the same period in 2013. Furthermore, physical bar and official coin demand were basically cut in half while jewelry demand fell by 217 tons or 30%. What do you make of all of that? Christos Doulis: Clearly, there has been less enthusiasm for owning gold in recent years. A lot of that has to do with the concept of gold as a safe haven. Six years a
Monday, September 22, 2014
The Energy Report
Looking for Lithium Mega-Deals with Thibaut Lepouttre
The Energy Report: The big news of last week was the announcement that Tesla Motors Inc. (TSLA:NASDAQ) will manufacture lithium batteries in Nevada. What impact will the gigafactory have on lithium? Thibaut Lepouttre: By 2020, the gigafactory will be producing 500,000 (500K) lithium-ion batteries a year. That is more lithium-ion batteries than are currently produced in the entire world. If the other lithium battery producers keep production at the same level, the demand for lithium will double
Thursday, September 18, 2014
The Life Sciences Report
Roadmap Capital's Hugh Cleland and Stephen Ireland: Due Diligence Rules in Biotech Investment
TLSR: Hugh, you are in the small- and micro-cap space, and you invest in both public and private equity. Generally speaking, what advice can you give the retail investor who wants to access the high-growth potential of small life sciences companies? What are the top three things these investors should focus on? HC: The first rule for the small investor is don't risk capital you can't afford to lose. We're in a very good biotech market right now, and I expect that will continue for quite some ti
Thursday, September 18, 2014
The Gold Report
Eric Coffin: Can Investors Still Find Tenbaggers?
Eric Coffin: I'm more positive than neutral these days, but I do agree somewhat with Stockman. As unemployment falls toward 6%, we would expect an increase in wage gains. But we're just not seeing that. And five years into the latest expansion, we're not seeing the economic growth spurts that tend to occur coming out of a really bad recession. I don't see how the U.S. economy keeps reproducing the 4% Q2/14 growth if we don't see higher wage gains and higher paying jobs created. TGR: You've use
Wednesday, September 17, 2014
The Gold Report
Jeff Desjardins and James Fraser Look at Junior Miners in a Way that May Surprise You
The Mining Report: A recent article on, "The Great Divide: Inequality in Gold Juniors Means Opportunity," said: "It's clear we've reached a new level of separation between the wheat and the chaff." What does that mean for investors? Jeff Desjardins: As the bear market has progressed, many companies have struggled to raise the necessary funds to advance their projects. Even for those that have been more fortunate, it has often come in the form of dilutive financings. On the oth
Tuesday, September 16, 2014
The Gold Report
Brien Lundin Says Don't Miss This Buying Opportunity
The Gold Report: On July 30, you sent out a Gold Newsletter alert that forecast a pullback in the midsummer bull market. The next day the Dow dropped 317 points, while the NASDAQ fell about 93 points. Since then the Dow has climbed back above 17,000, the NASDAQ above 4,600. Should investors dismiss that drop or do you believe it was akin to a tremor preceding an earthquake? Brien Lundin: That particular call made me look like a genius at the time, but right after that drop the stock market took
Monday, September 15, 2014
The Energy Report
Where to Look for Yield During a Time of Low Gas Prices: Elliott Gue
The Energy Report: Elliott, you recently wrote in Capitalist Times that "unless last winter marked the onset of a new ice age, the underlying supply-and-demand trends that prevailed before the polar vortex are always going to win out." Based on the charts that accompany that article, what are those trends? Elliott Gue: Last winter was really cold and, as a result, natural gas demand was very high. Natural gas stores in the U.S. were drawn down much more rapidly than normal. At the same time, th
Friday, September 12, 2014
The Energy Report
Malcolm Gissen and Marshall Berol: Welcome to the Golden Era of Oil & Gas
The Energy Report: In your May 31 annual report, you wrote: "The most important change we have made to improve performance has been to increase the [Encompass] Fund's exposure to the energy sector, while reducing exposure to metals." Why have you done this? Malcolm Gissen: We believe that we are now living in a golden era of oil and gas. We believe that demand for oil and gas will continue to grow faster than supply. This provides a unique opportunity to invest in companies that do not have a g
Friday, September 12, 2014
The Life Sciences Report
Biotechs with Upside Possibilities Target Ebola and Liver Disease: MLV & Co.'s Vernon Bernardino
The Life Sciences Report: Vernon, up to 30 thousand (30K) people currently have a vital and pressing need for experimental therapeutic and immunization agents to protect them from the ongoing Ebola virus disease (EVD) outbreak in West Africa. That 30K is a conservative estimate, according to University of Oxford epidemiologist Oliver Brady, who wrote an op-ed piece for the World View column of Nature last month. He said even that conservative approximation far exceeds the current supplies of exp
Wednesday, September 10, 2014