Saturday, March 30, 2013

John Mauldin – Investors Ask What’s Going To Happen To Me?

from King World News
Today John Mauldin told King World News that investors have to be very careful going forward in the aftermath of what has just taken place in Cyprus. Mauldin, who is President of Millennium Wave Securities, also spoke about gold and what investors need to do now to protect themselves.
Eric King: “John, I have to ask you about this Cyprus disaster and the fears all over the world now that theft of bank deposits has become a reality?”
Mauldin: “It (Cyprus) seems to be on everybody’s mind and for good reasons. This was not expected. And I really think the EU was pretty ‘ham-handed’ (in how they have handled this crisis). There was an implicit, it wasn’t explicit, it wasn’t in the rules, but there was an implicit understanding among everybody that 100,000 euros was sacrosanct.
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World War - QE III...The world is in a Currency World War...MUST WATCH!

In this video you will hear James Rickards the author of Currency wars describe the devastation the last 2 world financial war's caused and how world government's are NOW fighting what will be the most destructive war in history. This was originally made as a financial advice video. He tells how the Federal Reserve and Capitol Hill have intentionally launched a currency war against China, Iran, and much of the world and how they are now retaliating. I know a few " Troofers" will say " Don't listen he works for the Government etc etc, that is exactly why you should listen to him - He is first of all a financial adviser and yes the U.S government has been a client of his. This interview is part of the advice he is now giving to clients on how to "Ride" out the coming storm. When he broke this news last year it sent huge waves of shock through the financial world. - but for some reason the general public are still not very aware of this. - I think this information needs to be put out everywhere. Unfortunately YouTube limit me to 15 min clips (Censorship) so the interview has been heavily edited for upload.

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One of Buffett's Favorite Market Indicators is Flashing Red

What are stocks worth?
It's a loaded question. Any stock can appear overvalued or undervalued depending on which valuation metrics you use.
The same logic applies to the broader stock market. Right now, some think the market is undervalued as the U.S. economy appears poised for a solid long-term upturn. Others think we're headed for a market downturn as the Federal Reserve winds down its aggressive liquidity-boosting efforts.
#-ad_banner-#Yet by at least one measure, which happens to be a favorite market gauge for Warren Buffett, the market has just become overvalued.
The economy and the market
Buffett thinks the value of all stocks in the Wilshire 5000 Total Market Index should be worth fewer than the U.S. gross national product (GNP). The GNP stood at $16.13 trillion at the end of 2012, according to the Bureau of Economic Analysis. Well, the Wilshire 5000 hit that mark on March 4, and has subsequently risen to $16.57 trillion. That difference may seem trivial, but history tells us the gap should be seen as a sell signal.
The Wilshire 5000 index was created in 1974 to capture the total value of the 5,000 largest companies on the various U.S. stock markets. (An aside: The steady attrition of publicly-listed companies during the past decade means there are now fewer than 5,000 companies in the index.)
Since the advent of the Wilshire 5000, it has exceeded the value of the U.S. GNP on only two occasions: 1998 and 2007. In each case, the market rose yet higher but eventually tumbled sharply. In fact, after the threshold was crossed in 1998, the market rose another 40%. Nonetheless, the market eventually stumbled so badly (as the Wilshire 5000 fell a hefty 40% from its March 2000 peak) that investors had a right to be nervous throughout the latter stages of that rally.  (more)

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Bloomberg Game Changers: Mark Zuckerberg

Bloomberg Game Changers” follows the career of Mark Zuckerberg, founder and chief executive officer of Facebook Inc. and one of the world’s youngest billionaires. This program features interviews with Tyler Winklevoss, Cameron Winklevoss and Divya Narendra, who accused Zuckerberg of stealing their idea for the social-networking website, Yuri Milner, chief executive officer of Digital Sky Technologies, Michael Wolf, former president and chief operating officer of Viacom Inc.’s MTV Networks, and David Kirkpatrick, author of “The Facebook Effect.”

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Gold Charts

On March 15, our computer models generated a cycle low signal for the weekly chart of gold, indicating that the latest intermediate-term cycle low (ITCL) was likely in place. Price behavior during the last two weeks has confirmed that a new intermediate-term cycle is in progress.
In September 2011, our computer models predicted the likely development of a long-term correction in the gold market. The top formed as anticipated and the subsequent correction developed into a consolidation pattern that favors an eventual resumption of the secular bull market from 2001. However, the current intermediate-term cycle faces an important test and market behavior during the next several weeks could provide a meaningful signal with respect to long-term direction.
The short-term cycle has maintained a bearish translation for the past several months. However, a cycle low signal was nearly generated today, indicating that the latest short-term cycle low (STCL) may have formed during the previous session, and the short-term cycle is on the verge of transitioning to a bullish translation.
Technical indicators on the daily chart are effectively neutral overall, suggesting that direction is in question as prices hold above previous lows of the downtrend from October.
Our Gold Currency Index (GCI), which tracks the intrinsic value of gold as an international currency, is also holding near comparable short-term highs. However, a slight positive divergence has developed between the GCI and gold in US dollar terms. Notice that the GCI momentum indicator (MACD) has moved into positive territory, while the gold momentum indicator remains in negative territory. As longtime readers know, divergences between the GCI and gold in US dollar terms usually forecast the direction of the next meaningful move, so the slight positive divergence is a bullish short-term development. It will be important to monitor this divergence during the next several sessions.
The consolidation formation in gold is undergoing an important test and a meaningful signal with respect to long-term direction could occur during the next several weeks. Therefore, it will be important to monitor the character of the rebound off of the last ITCL closely.
Best Regards,
Erik McCurdy
Senior Market Technician
Prometheus Market Insight
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What We Are Now Seeing Is Unprecedented In World History

from King World News
Today Egon von Greyerz warned King World News that the choase we are seeing right now is unprecedented in world history. Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, also cautioned “The confluence of these cycles will cause unimaginable turmoil in the future.” Below is what Greyerz had to say in this remarkable interview:
Eric King: “Clearly the banks in have reopened in Cyprus, your thoughts in the aftermath of all of this?”
Greyerz: “Eric, they have opened, but the problem is still there. Banks still don’t have enough money. The package which has been put forward by the Troika is not going to last. If they ever, which they might not, lift the exchange controls and restrictions on Cyprus banks, then we will see a run on the banks again….
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The Great Depression- The Road To Rock Bottom

As economic collapse takes its toll on America, farmers protest; mortgages are called in by banks; robberies increase dramatically; and in the summer of 1932, the U.S. Army is called in to quell the Veterans' Bonus March on Washington DC.
when the dollar is worthless. None of this is going to last. This will be a complete and total collapse, even worse than what people experienced during the Great Depression. At least in a deflation, prices fall and your currency gains purchasing power. We will get prices rising astronomically and the total destruction of our currency via hyperinflation. And the government will lie and blame it all on capitalism, of course. Hyperinflationary depression is rapidly approaching and will create suffering on the American landscape the likes this country has never experienced before....including the Great Depression! The real criminals then were the "central banks" and they are the real criminals now as well! The Federal Reserve and the other central banks are nothing more than a financial criminal syndicate fleecing the people for their hard earned money for their own greedy purposes!

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