from Zero Hedge:
During a recent round-table discussion (accessible below), Marc Faber explained his asset allocation strategy and his incredulity at what the Fed is doing.
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During a recent round-table discussion (accessible below), Marc Faber explained his asset allocation strategy and his incredulity at what the Fed is doing.
“I have around 25% in gold… and it’s my insurance policy. It is important that one day when the so-called shit hits the fan – and I think the Fed is well on its way to creating that situation – you have access to your gold, that it is not taken away.”Faber goes on to discuss his lack of surprise at the Fed’s un-Taper, the wealth in-equality impacts, and Asia’s growing lack of faith in the USD.
Read More @ ZeroHedge.com
BBG had been trading in a sideways range for the last 4-5 months.
During that period of time the stock had also been bouncing within a
common chart pattern known as a rectangle. Rectangle patterns form when a
stock bounces between a horizontal support and resistance. A minimum of
(2) successful tests of the support and (2) successful tests of the
resistance will give you the pattern. BBG's rectangle pattern had formed
a $24 resistance (red) and a $20 support (blue). Now that the stock
has broken its rectangle resistance higher prices should follow.
Are you ready for bone-chilling cold this winter? The Old Farmer’s Almanac
and other weather forecasters that rely on solar activity as a factor
in their weather forecasts are projecting that this upcoming winter
will be bitterly cold. Solar activity is at a 100-year low, and even
though we were supposed to be in the midst of a solar maximum this
year, our sun has been eerily quiet. So precisely what in the world is
going on?
While consolidating in July and August, DG formed a solid resistance
at $56 (red). That previous resistance was a 52-week high breakout when
the stock broke up through it in the beginning of September and now it
should act as support if the stock were to pull back down to it. In
addition, the stock has been climbing a long trendline of support (blue)
since February. If DG were to fall below $56, that trendline should be
the next major level of support.
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ORCL has formed a very clear down-channel chart pattern over the last
(6) months. A channel is simply formed through the combination of a
trend line support that runs parallel to a trend line resistance. When
it comes to channels, remember that any (3) points can start the
channel, but a 4th point or more confirms it. You can see that ORCL has
(4) points of channel resistance (red) and (2) points of channel support
(blue). Following the ORCL channel can provide you with both long and
short trading opportunities.
Over the last nine months URBN has been stuck within a common pattern
known as a rectangle. Rectangle patterns form when a stock bounces
between a horizontal support and resistance. A minimum of (2) successful
tests of the support and (2) successful tests of the resistance will
give you the pattern. URBN's rectangle pattern has formed a $44
resistance (red) and a $38 support (blue). The stock has fallen back
down to support, and considering its move against the rally of the
overall market, may be looking to break lower.
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MSG had held a very important level of support of $55 (red) back in
February, March and April. The stock then rallied higher and peaked in
the $63 area a couple of times. Now, MSG is approaching $55 again and
that might provide another bounce higher, but the stock's recent
downward move could be setting the stock up for a breakdown.
BRY had consistently hit resistance at $42 (red) over the last (2)
months. In addition, the stock formed a clear trendline of support
(blue) starting back in July. These two levels combined had BRY stuck
within a common chart pattern known as an ascending triangle. At some
point, the stock had to break through one of those two levels, and as
you can see, it was the $42 resistance that finally broke.
The
collapse of Socialism is unfolding before everyone’s eyes – they just
ignore it. In the states they manipulate the CPI to render inflation
irrelevant and impossible. In Spain, they now will stop indexing
pensions altogether because they cannot create a fake CPI as the US
does. There will no longer be any automatic link to inflation from 2014
onwards for Spanish Pensions. Thus, the Spanish government wants to save
33 billion euros in ten years. The retirement age for the time being
remains at 65 years for now but there are discussions about raising that
to 70 in the EU as a whole behind closed doors in Brussels.
After trading sideways for about (3) months, GMCR formed a solid
resistance at $82 (green). That previous resistance was a 52-week high
breakout when the stock broke up through it, and now it should act as
support if the stock were to pull back down to it. In addition, the
stock has been climbing a long trendline of support (blue) since
January. If GMCR were to fall below $82, that trendline would be the
next major level of support.
A recent CBO report came out with a rather sobering outlook of our
governmental spending habits. The word “unsustainable” is probably not
something you want uttered in a report about meeting a budget. Yet that
has been our recent trajectory when it comes to spending. The massive
financial crisis and subsequent bailouts have resulted in a 
Legendary
investor John Templeton died in 2008, leaving behind a set of investing
maxims that are still followed by the managers of Templeton funds. As
an investor, Templeton was a contrarian by nature.