Saturday, June 2, 2012

Jim Rogers: Global Economic Shocks Coming in 2013-2014

The latest G-8 meeting in Camp David was focused on saving Europe from its economic nightmares. World leaders discussed Greece and its severe debt crisis, trying to figure out how to save the eurozone. The Great Recession struck the world nearly four years ago, but the aftershock is still being felt. And it's unclear when the economy will finally start to recover, and where its new center will emerge. So are there any signs of light at the end of the tunnel?

RT talks to one of the insiders of the world financial elite, co-founder of the Quantum Fund, Jim Rogers.

Rick Rule – Here is Why Gold is Soaring & Stocks are Tanking

from KingWorldNews:

With stock markets tanking around the world, and gold and silver soaring, today King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule. Rule lets KWN readers know why gold exploded today and also commented about the rise in gold by saying, “What took so long?” He also issued a warning about the fragility of the global financial system. Rule, who is now part of Sprott Asset Management had this to say about what is happening: “My temptation is to say, what took so long? The global macro news has been bullish for gold for some time. The markets response has been ‘out of the euro, into the dollar’ and since gold is denominated in dollars, this has led to gold price weakness.

Rick Rule continues @

How to Get Ready for the Next Leg of the Gold Rally / by Andy Hech / June 1, 2012

The long-term bull market in gold is now 11 years old – and, in spite of recent market stagnation, the latest phase of the rally appears to have just started.

My advice is simple: Prepare yourself. It still has a long way to go.

In the wake of very disappointing news on the U.S. labor market, the gold price today soared above $1,600 an ounce.

The long term bull-run in this yellow precious metal has been slow and steady. After Gordon Brown finished selling 60% of the U.K.’s gold reserves in 2002 at an average price of $275 an ounce, the market has never looked back.

Yet, until this morning, the price of gold has been basically unchanged since last year. Gold closed out 2011 at $1,566.80 an ounce. But at last glace today, thanks to the fact that the U.S. economy added only 69,000 jobs in May, far fewer than expected, the yellow metal had surged almost $60 to $1,621.77.

The gold price may even make another dip – but it will not remain at these levels for long.


Martin Armstrong: Electonic Money The Real Conspiracy

Electonic Money The Real Conspiracy

click here to read

LISTEN NOW – Lost Confidence, Stocks to Plunge 20-30%, Fed, Inflation & More, Rob Arnott

from KingWorldNews:

Rob Arnott: Founder & Chairman of Research Affiliates – Rob’s firm RALLC manages and licenses over $100 billion. Rob sub advises the Pimco All Asset Fund and also sub advises mutual funds and ETFs for the Schwab Funds, Powershares and Nomura. Rob is a 5 time Graham & Dodd award winner, a global leader in innovative investing and asset allocation strategies. Research Affiliates did the original research on fundamental indexing and Rob is the author of “The Fundamental Index” (John Wiley & Sons, 2008). He is also a former editor of the Financial Analysts Journal.


U.S. Steel Has Further to Fall Double-top and heavy selling tell us there’s more downside ahead.

United States Steel Corp. (NYSE:X) — This manufacturer of steel plate, tubular products, etc., is dependent upon a strong world economy for its success. It is one of the largest integrated steel flat-roll producers in Central Europe.

On March 2, with the stock at $27.50, I said, “Technically a channel rally that began in October failed to penetrate its bearish resistance line in February. That failure drove the stock below its 50-day moving average and threatens to break it below the channel’s support line at $27.”

Instead of breaking lower, X rallied to above $30, then reversed and violated its 50-day moving average.

Those who sold or shorted should hold their bearish positions since the double-top and heavy selling are telling us that the stock could fall to the mid-teens.

X Chart Inc. (NasdaqGS: ACOM) Inc. is an online family history resource, with approximately 1.7 million paying subscribers worldwide as of December 31, 2011. The company's subscribers use its Web-based services and content collection to research their family histories, build their family trees, collaborate with other subscribers, upload their own records and publish and share their stories. Registered users have uploaded over 95 million pieces of content, such as photographs and scanned documents. It derives revenue primarily from providing online access to digitized historical records on a subscription basis. During the year ended December 31, 2011, the company introduced, as its Website specializing in military records; released mobile apps for both the iOS and Android-based platforms and it had approximately 1.8 million downloads, and developed technology to synchronize family trees between platforms, including online, mobile devices and Family Tree Maker desktop software.

To analyze Ancestry's stock for potential trading opportunities, please take a look at the 1-year chart of ACOM (, Inc.) below with my added notations:

Over the last (9) months, ACOM has formed a strong support level at $21 (red). Starting in September of 2011, ACOM has tested that $21 level on (4) different occasions. In addition, ACOM has created an important level at $25, both as support (green) in May and a resistance (navy) several times since last October. The stock is currently pulling back to the $21 support.

The Tale of the Tape: ACOM is currently trading between its $21 and $25 price levels. A long position could be entered on a pullback to $21 or on a break above $25 with a stop placed below the level of entry. However, if you are bearish on the stock or overall market, a short trade could be made on a break below the $21 level.

COT – Funds High Short Positions Major Rally Fuel for Gold, Silver

from Got Gold Report:

HOUSTON – As a courtesy to our blog readership, just below is a video update we shared with Got Gold Report Subscribers on Monday, May 28. The video deals mainly with the changes in the most recent CFTC Commitments of Traders (COT) report for gold and silver futures, including some exciting developments in the structure of the very low Managed Money (hedge funds, commodity trading advisors, etc.) net long position.

Absent a total global “Charlie Foxtrot” (a military term meaning a really bad event) the COT suggests that dips for gold and silver should be exceedingly well bid just ahead. Indeed, the structure of the COT is about as bullish as we have seen it for silver futures.

Russian ruble hits lowest in over 3 years

Russia's currency, the ruble, on Friday dropped for the eighth straight day to reach its lowest level since April 2009 as it tracked the falling price of crude oil — a key source of revenue for the country.

The ruble fell 1.4 percent to 33.9 rubles against the U.S. dollar in early trading on the MICEX exchange. It lost 2.2 percent on Thursday and over 6 percent this week.

The currency's fate is closely linked to the price of a crude oil contract called the Urals blend, a benchmark for the oil Russia exports. The price of Urals blend has fallen than 5 percent this week and was down another 0.4 percent at $99.4 on Friday. (more)