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Two
Veteran Wall Street analysts have taken on secret identities in order
to freely provide a few candid stock ideas each week. As veterans of
well known Wall Street firms, you have seen them quoted in the press and
their faces on TV, but their employers would never allow their
unvarnished views on the air, so we’ve electronically altered their
voices so they’ll never know! Listen to The Value Guys! offer an
‘after-hours’ view of a few favorite stock ideas. Warning: This show is
for Entertainment Purposes Only! Copyright 2012 The Value Guys, LLC
Click Here to Listen to the Podcast
During the entire year CRUS has shown $25 to be a key level to the
stock, specifically as support (green) since the end of April. CRUS has
been steadily moving lower since September even though the overall
market has been moving higher. Earlier this week the stock broke that
$25 support, which shouldn't be a surprise considering the recent trend
lower.
Today
one of the wealthiest people in the financial world spoke with King
World News about how people can invest to make fortunes right now in the
gold and silver markets. He stated, “… in 1996 I paid more in capital
gains tax than my net worth was in 1992.” This interview is about how
to make the big money when others are panicking.
Today
Ben Davies told King World News that we may well be seeing a “V-shaped
bottom” in the gold market right now. But first, here is what the
rising star had to say about the recent smash: “It feels like a smash
to some extent. I think that’s because the market had been trading
sideways for a while, so the release lower feels much more aggressive
than perhaps it is. We’ve ostensibly come off about 5% or 6%.
ESRX has a key price level at $56 (navy). Not only can you see the
$56 resistance from back in July and over the last (4) months, but that
price has also acted as support on a couple of occasions. So, the $56
level is key to this stock. If you are bullish, you would want to buy
the stock on a pullback to $56. However, if you are bearish, you might
short ESRX on a break of the $56 support.
Click Here to Listen to the Audio
JPY
saw a massive correction today – gaining 3% against the USD – its
biggest single-day gain since May 2010 – dragging all the carry traders
with it. S&P 500 futures volume exploded to its highest
since the rally began in November as it broke its uptrend and slumped 40
points from its intraday highs. VIX’s term structure collapsed
to its flattest in 18 months as spot surged above 19% (no – everyone
wasn’t hedged). The Dow, S&P, and Nasdaq are all red for the month
and even the Trannies are almost unch. Treasuries soared with 10Y ending
-10bps (after being +4bps at its worst of the day). Gold and Silver surged
(with the latter testing near $1600 again) as WTI dropped 1%.
Homebuilders (not helped by lumber’s price collapse) dropped 3.5% but
every sector was ugly today and closed at its lows.
With
key global markets at or near breakout levels, and gold turning higher
in after-hours trading, the Godfather of newsletter writers, Richard
Russell, released 3 key charts covering everything from stocks, to
commodities and gold. KWN even included a bonus chart of hedge fund
activity in gold. Here is what Russell had to say in a note to
subscribers: “From its recent high, the Dow (intraday yesterday) was
down almost 200 points. Normally, this would be considered an overdue
minor “back-off” from an overbought situation … When one Average
advances to a new high, and that new high is unconfirmed by the other
Average, trouble may be waiting.”
Eric Sprott’s Shocking interview with The Doc is below:
Given a two-day plunge in crude futures, gasoline prices may have hit a temporary peak.
Today whistleblower Andrew Maguire told King World News that Eastern
central banks have taken a massive 225 tons out of the physical gold
market on this recent takedown. This is the first in a series of
interviews with Maguire lifting the curtain on what is going on behind
the scenes in the ongoing gold and silver war which continues to rage. 
Our county sits at over 16 trillion dollars in debt, with unfunded
obligations that make the actual debt number about $120 trillion. The
reality of the situation is there’s really no way out of the situation.
Our government, thanks to both political parties, has spent us into a
hole that we cannot dig ourselves out of. The facts, that nobody seems
to want to talk about, indicate our country is still heading towards a
complete meltdown of the financial system.
With gold rebounding today after Marc Faber told King World News
yesterday that a major bottom was forming in gold, we now focus on
Faber’s comments on global money printing and how it is impacting key
markets and society. Faber, who is author of the Gloom Boom and Doom
Report, stated, “… it’s a disgrace to think with money printing you can
solve problems.”
Across the universe of hedge funds that Goldman Sachs covers, the net long exposure to the market reached a record-breaking 52% in Q4 2012 – the most bullish level on record. It would appear, 
The
mining shares still continue to sink lower seemingly unable to attract
sufficient buying to stem the flow of red ink being seen across the
sector. As a fundamentalist, I think one can make the argument that some
of the leading shares in the sector are severely undervalued against
the price of gold; however, as a technician, one has to respect the
chart action be that as it may.
A strange sea of red inhabits the screens of many traders and
investors across the USA this evening, and all it took was for the FOMC
to hint that the punchbowl will have to be taken away at some point in
the future. Biggest jump in VIX in 2013; biggest
plunge in Homebuilders in 8 months (as TOL misses and Starts were
ugly); biggest dump in stocks in 2013; Gold plunges to $1565 and
suffers Death Cross; USD soars and crosses above its 200DMA;
and oil has frantic flash crash early on. Not a pretty day as stocks
drop below the lower edge of their up-trend channel for the year and
test critical support amid the highest volume of the year. The four words on everyone’s lips this evening: 
BKS has a key price level at $14. Not only can you see the $14
resistance (red) from back in April, but $14 has also acted as support
(green) on multiple occasions. So, the $14 level is key to this stock.
If you are bullish, you would want to buy the stock on a pullback to
$14. However, if you are bearish, you might short BKS on a break of the
$14 support.