Friday, April 20, 2012

Total Financial Collapse by Fall 2012 - Chris Duane

Corporatism has taken over the world. Watch out for the corporations they are slowly but surly taking over the world Bank owns the companies. Banks and companies earn large sums of money. They are, however, registered in tax haven, the state is thus missing out on tax revenues. The profits be divided tax-free out to management and shareholders. Banks create crises by lending money they do not have to corrupt nations. Thanks to economic crisis companies may cut wages and lay off staff and reduce workers' rights, and fewer are doing more for less pay. Follow the money. RON PAUL might be able to save US so VOTE!

"I believe that banking institutions are more dangerous to our liberties than standing armies . If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered ."
[ Thomas Jefferson ]

Make no mistake your freedoms are not a concern to those who have power to implement protocol. Money is what makes the world go round and with that they can influence your lives government and whatever they see fit to increase the bottom line. Change will never happen until we can see all citizens of this country( according to the constitution and bill of rights) to maintain what the forefathers of this country intended.

Canadian Real Estate

When TD Canada Trust did its annual condo poll (results just published) there were three things worth noting. Two you will find amusing. The third requires two changes of underwear, a sedative, three scotches and a major roll in the hay to restore mental balance. Of course, you can just skip the poll results and the rest of this blog, and go directly to the cure.

First the amusing stuff. Why do people buy condos, which make up the hottest part of the new housing market? In equal amounts (about a third), the box people say it’s because condos are “good investments” and owning one, “is cheaper than paying rent.”

It’s easy to understand how the horny young ones can fall for such a line. Mortgage rates are dirt cheap, and when kids compare the cost of carrying $350,000 with a VRM and a 30-year am ($1,437 a month) with rent for a one-bedroom pad ($1,650) it looks to them like a no-brainer. Especially when their idiot parents are yapping at them about ‘throwing money away on rent’ and ‘paying somebody else’s mortgage.’ (more)

Where's the Beef for Gold Equities?

Gold bulls have plenty of room to graze in the stockyard these days as the investing herd migrated to other assets during the market’s steep climb in 2012. For the fourth time in the past year, gold bears outnumbered the bulls in Bloomberg’s weekly Gold Bull/Bear Sentiment Survey. In fact, the bears had the bulls outnumbered by almost 2-to-1.

Contrarian Sign that Gold May Be Headed Higher

Today’s growing sloth of gold bears is a “buy” signal for contrarian investors like us at U.S. Global. Research from the gold team at Canaccord Genuity found that gold rallied about 10 percent on average during the month following each of these sentiment “cross-overs.” This historical increase means that gold could potentially rally to the “high $1,700’s per ounce,” which Canaccord believes “would breathe some new life into the gold equities.”

Spread Between NYSE Arca Gold Miners Index Spot Gold

After a year of neglect from investors who favored bullion, gold equities need resuscitation. Going back to April of last year, gold stocks have been undervalued compared to bullion. I discussed this disconnect back in June 2011 (Will Gold Equity Investors Strike Gold?) and again in August (Valuation Gap Makes Gold Miners Attractive, but All Miners Aren’t Created Equal). (more)

Natgas sinks to 10-year low ahead of storage data

Natural gas futures slid to a fresh 10-year spot chart low by early Thursday amid expectations for another injection into already record-high inventories.

In addition, mild spring weather in much of the nation curbed any late-season heating or early cooling demand, pressuring prices to below the key $2 per million British thermal level in recent days.

Some traders said the market was oversold and due for bounce after losing 9 percent this month, but others expected few gains in the near term until hotter weather kicks up air conditioning loads.

Front-month May natural gas futures on the New York Mercantile Exchange were at $1.936 per mmBtu, down 1.5 cents, after sliding to $1.932, the lowest price for a front month since January 2002.


U.S. Energy Information Administration data last week showed total gas inventories rose to 2.487 trillion cubic feet, remaining at record highs for this time of year and standing nearly 56 percent above last year and about 59 percent above the five-year average level.

(Storage graphic: )

Most traders and analysts expect stocks to show a build of about 25 bcf when data is released today at about 10:30 a.m. EDT, a Reuters poll showed. Stocks gained an adjusted 42 bcf during the same week last year and on average over the past five years have risen 26 bcf that week.

If weekly stock builds through October match the five-year average pace, inventories would top out at 4.595 tcf, or about 12 percent above peak estimated capacity of about 4.1 tcf.

That could sink prices later in the injection season if storage caverns fill up and force more gas into a well-supplied market.


The EIA's short-term energy outlook last week also offered little hope for bulls, with the agency sharply raising its estimate for marketed gas production this year for a third straight month.

EIA said it expects 2012 gas output to climb by 3 bcf per day, or 4.5 percent, to a record 69.22 bcfd, up from its March outlook that had output this year at 67.91 bcf daily.

EIA also forecast a significant 2.8 bcf per day, or 4.3 percent, gain in consumption this year, primarily due to more utilities switching from pricier coal to cheaper gas, but it was not expected to be enough to tighten an over supplied gas market.

Production growth is expected to slow this year as low prices hit plans for new drilling, but the sharp decline in the Baker Hughes gas rig count -- down a third since peaking at 936 in October -- has not yet reduced output partly due to increased drilling efficiency.

The gas-directed rig count has fallen in 13 of the last 14 weeks, sinking on Friday to its lowest level in 10 years, but rising output from shale has kept production on an upward track.

US Editor Of The Economist: “Paper Dollar” And “Paper Euro” Will “Debase” In A “Big Way”

In volatile trade in New York yesterday, gold rose sharply prior to falling and ended $4.40 lower or 0.27% and closed at $1,651.70/oz. Gold initially took a dip in Asia and then recovered losses by the time European trading opened and has ticked higher.

Gold’s safe haven appeal is gradually rekindling as concerns deepen about Spain and the other periphery eurozone economies and a realisation that the eurozone debt crisis is far from over.

With the situation in Europe and globally set to deteriorate, the lacklustre demand of recent weeks, particularly in western markets may change to renewed robust physical demand.

There are signs of this already with inflows into gold-backed exchange traded products the most in five weeks last week, and silver holdings in the iShares Silver Trust, the biggest ETF backed by silver, rose 45.3 metric tons yesterday alone to 9,636.69 tons.

Gold 1 Year Chart – (Bloomberg)

This demand should support bullion prices at these levels and there is support at $1,600/oz. There is extremely strong support above the $1,500/oz level after prices consolidated between $1,500/oz and $1,800/oz since last September. (more)

Chart of the Day - PPG Industries (PPG)

The "Chart of the Day" is PPG Industries (PPG), which showed up on Wednesday's Barchart "All-Time High" list. PPG on Wednesday posted a new all-time high of $98.89 and closed up 0.13%. TrendSpotter issued a Buy signal on April 12 at $96.83. In recent news on the stock, Citigroup on April 16 upgraded PPG to a Buy from Neutral and raised its target to $114 from $107, citing the benefits from lower natural gas prices and the improvement in the automotive and aerospace sectors. PPG management on April 5 provided Q1 EPS guidance of $1.75-1.80, which was substantially higher than the consensus of $1.44. PPG Industries, with a market cap of $14 billion, produces coatings, glass, and chemicals.


CHART OF THE DAY: U.S. Debt Greater Than Eurozone and U.K. Combined

from Wealth Wire:

This visual says it all. With America’s debt currently at $15.1 trillion and rising, it’s not a pretty picture.

The worst part is that the Eurozone and the U.K combined – when taking more than six nations into consideration – is still in debt by 2.4 trillion less than the United States is!

If we don’t clean up our act and make immediate changes, we may face Greece’s fate sooner than we think…

VELT flashed golden cross and buy from stochastic

Velti (NASDAQ:VELT) — This Irish mobile advertising and marketing company enables companies to implement campaigns by communicating with their mobile devices. Recent acquisitions and the creation of the Open Device Identification Number (ODIN) Working Group have brought Velti to the forefront of mobile advertising.

The company’s Q4 2011 earnings were 59 cents per share, which beat analysts’ estimates of 48 cents. Analysts expect 73 cents in FY 2012.

The stock broke from a consolidation rectangle in January and established a trendline with support at its 50-day moving average. A golden cross was flashed in April, as well as a buy from the stochastic. The trading target for VELT is $18.

Trade of the Day – Velti (NASDAQ:VELT)