Thursday, May 24, 2012

Don Coxe - Most Incredible Opportunity Investors Will Ever See

With continued turmoil in global markets, today King World News interviewed 40 year veteran Don Coxe, Strategy Advisor to BMO, which has $538 billion in assets. Coxe told KWN this is “the greatest transformation to occur at one time in the entire history of the human race.” He also stated, “This period we are living through now will be written about for thousands of years.” But first, here is what Coxe had to say about the start of his career: “I read in the paper one morning (in 1972) that the anchovy crop had failed off Peru. Now I had previously been General Counsel at the Canadian Federation of Agriculture, so I knew at that time that anchovies were a major, high protein food supplement for livestock. (more)

Lindsey Williams - Coast to Coast AM 21.5.2012

Ordained Baptist minister Lindsey Williams shared his contention that the collapse of the dollar is being orchestrated. According to his "elite" sources, we should be on the lookout for signs that a collapse is imminent. These indicators include a crack in the derivatives market, currency & trade wars, as well as a 1% rise in interest rates. He suggested that people "secure their assets immediately," which means to get out of all paper, and invest in gold and silver (which he was told will be used to back the new world currency).

Skullcandy, Inc. (NasdaqGS: SKUL)

Skullcandy, Inc. develops and distributes headphones and other audio accessories to retailers throughout the United States and to distributors in various countries worldwide. The company is an audio brand that reflects the collision of the music, fashion and action sports lifestyles. The company is engaged in the distribution of headphones in specialty retailers focused on action sports and the youth lifestyle, such as Zumiez, Tilly’s and hundreds of independent snow, skate and surf retailers. It distributes through consumer electronics, mass, sporting goods and mobile phone retailers, such as Best Buy, Target, Dick’s Sporting Goods and AT&T Wireless. Skullcandy products are also sold through its Website. As of September 30, 2010, its product offering had over 1,200 SKUs across a range of categories, including headphones as well as speaker docks, mobile device cases, apparel and other accessories.

Please take a look at the 10-month chart of SKUL (Skullcandy, Inc.) below with my added notations

First, you can see the obvious bottom level of support at $12 (navy) that has been tested in October, December, January and May. Next, you can see the off and on, common level at $14 (blue) that has recently acted as resistance this month.

The Tale of the Tape: The main level to watch is $12. You could buy SKUL if it comes down to $12, or short the stock if it breaks below the $12 support. In addition, if the stock rallies back up to $14 you could enter a short position, or you could buy the stock if it breaks back above $14.

Before making any trading decision, decide which side of the trade you believe gives you the highest probability of success. Do you prefer the short side of the market, long side, or do you want to be in the market at all? If you haven’t thought about it, review the overall indices themselves. For example, take a look at the S&P 500. Is it trending higher or lower? Has it recently broken through a key resistance or support level? Making these decisions ahead of time will help you decide which side of the trade you believe gives you the best opportunities.

No matter what your strategy or when you decide to enter, always remember to use protective stops and you’ll be around for the next trade. Capital preservation is always key!

McAlvany Weekly Commentary

The Buffett Bargain

A Look At This Week’s Show:
-Gold called “Uncivilized” by paper propagandists
-In gold terms, Buffett is 75% cheaper than 11 years ago
-Talk to David McAlvany “live” tonight at 8:00 EST – Click Here to Register

David Morgan: Fundamentals Continue to Improve for Bullion

We have seen or are very near the bottom for gold stocks

by Jim Puplava, Financial Sense:

Jim welcomes back to Financial Sense Newshour David Morgan to discuss the metals markets. David believes we have seen the bottom in gold stocks, or are very near the bottom. He believes investors must now decide the amount they wish to invest, and then focus on what to buy. David also discusses the battle between the paper and physical markets, and how the paper market is losing the battle.

Click Here to Listen to the Audio

Read More @ Financial

Hop on the CSX Train Two buy signals say CSX Corp. should continue chugging ahead

CSX Corp. (NYSE:CSX) — This is the operator of the largest rail network in the eastern United States. The stock is expected to be driven higher by an increase in foreign coal shipments and auto and international container shipments.

Profit margins are expected to rise in 2012 due to an increase in volume and productivity. Earnings are also expected to rise from $1.35 in 2010 and $1.67 in 2011 to $1.84 in 2012.

Credit Suisse sees steady growth ahead and has a target of $28 on the stock.

Technically the stock has been consolidating just under its 50-day moving average at $22. But two weeks ago, the stock flashed a golden cross (long-term buy signal), and yesterday the stochastic triggered a “buy.” A break over $23 on high volume could catapult it to our trading target of $27.

Trade of the Day – CSX Corp. (NYSE:CSX)

Housing market recovery gains traction

The U.S. spring home-selling season got off to a strong start in April, with rising sales and prices providing evidence that a housing market recovery was gaining some traction.

The housing sector has been the Achilles' heel of the economy ever since the home-price bubble burst. Data this week, however, has painted a relatively upbeat picture for the market and underscored the economy's resilience.

"The recent buoyancy in housing market activity has raised hopes that this beleaguered sector may finally be on the verge of a rebound," said Millan Mulraine, senior macro strategist at TD Securities in New York.

New home sales increased 3.3 percent to a seasonally adjusted 343,000-unit annual rate, the Commerce Department said on Wednesday. Compared with April last year, sales were up 9.9 percent. (more)

More Than Half of the S&P500 Yields More Than 10-Yr Treasury

With the 10-Year US Trea­sury now yield­ing 1.74%, it is now pay­ing a coupon that is less than the div­i­dend yield of more than half of the stocks in the S&P 500. As of today's close, there are now 271 stocks in the S&P 500 that have a greater yield than the 10-Year US Trea­sury. Of the remain­ing 229 stocks in the index, 126 have a div­i­dend yield that is less than the 10-Year US Trea­sury, while 103 pay no div­i­dend at all.

Chart of the Day - Pilgrim's Pride (PPC)

The "Chart of the Day" is Pilgrim's Pride (PPC), which showed up on Tuesday's Barchart "52-week High" list. Pilgrim's Pride on Tuesday posted a new 14-month high of $8.15 and closed up +5.91%. TrendSpotter has been long since May 16 at $7.70. In recent news on the stock, Pilgrim's Pride on April 27 reported Q1 EPS of 18 cents, which was much better than the consensus of 8 cents. Pilgrim's Pride, with a market cap of $1.5 billion, is one of the largest chicken companies in the US, Mexico and Puerto Rico.