Monday, April 29, 2013

Eric Sprott – Silver To Skyrocket Hundreds Of Dollars in Price

from KingWorldNews:
Eric King: “Eric, what has you worried going forward?”
Sprott: “These policies of supporting the financial system or the banking system are not going to work. QE1 didn’t work, QE2 didn’t work, now we’ve got QE3 and Japanese money printing. Central banks are (also) now buying stocks.
How much lunacy do we have to have? Just think through it a little. It has to stop some day. We just can’t keep accelerating this without one of two things happening: You are going to get a financial collapse, or you are going to get hyperinflation….
Eric Sprott Audio Interview @

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Overbought and Oversold Markets

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price moves. The RSI moves between zero and 100 and is considered overbought with a reading above 70 and oversold when below 30.  Note the RSI can sustain an overbought (oversold) reading in a strong up (down) trend.
Click chart to enlarge.
(click here if chart is not observable)
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Alasdair Macleod – What COMEX Default?

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Investment Education 101: Time Value of Money

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KB Home operates as a homebuilding and financial services company in the United States. The company constructs and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers. It also provides title and insurance services to homebuyers. As of November 30, 2012, the company delivered 6,282 homes. It has operations in Arizona, California, Colorado, Florida, Maryland, Nevada, New Mexico, North Carolina, Texas, and Virginia. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in 2001. KB Home was founded in 1957 and is headquartered in Los Angeles, California.
To review KB's stock, please take a look at the 1-year chart of KBH (KB Home) below with my added notations:
1-year chart of KBH (KB Home) For the last (2) months KBH has been stuck within a common pattern known as a rectangle. Rectangle patterns form when a stock gets stuck bouncing 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. KBH's rectangle pattern has formed a $22.50 resistance (red) and a $20 support (navy). A break above $22.50 would also be a new 52-week high.
The Tale of the Tape: KBH has formed a rectangle pattern. The possible long positions on the stock would be either on a pullback to $20, or on a breakout above $22.50. The ideal short opportunity would be on a break below $20.
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US Weekly Economic Calendar

time (et) report period Actual CONSENSUS
MONDAY, April 29
8:30 am Personal income March   0.4% 1.1%
8:30 am Consumer spending March   0.1% 0.7%
10 am Pending home sales March   -- 3.9%
TUESDAY, April 30
8:30 am Employment cost index 1Q   0.5% 0.5%
9 am Case-Shiller home price index Feb.   -- 8.1% (yoy)
9:45 am Chicago PMI April   52.8 52.4
10 am Consumer confidence index April   61.3 59.7
8:15 am ADP employment index April   170,000 158,000
10 am ISM April   50.9 51.3
10 am Construction spending March
0.7% 1.2%
TBA Motor vehicle sales April   15.3 mln 15.3 mln
2 pm FOMC announcement        
8:30 am Weekly jobless claims 4/27
346,000 339,000
8:30 am Trade deficit March   -$42.0 bln -$43.0 bln
8:30 am Productivity 1Q   1.0% -1.9%
8:30 am Nonfarm payrolls April   160,000 88,000
8:30 am Unemployment rate April
7.6% 7.6%
10 am ISM nonmanufacturing April   53.5 54.4
10 am Factory orders March   -2.9% 3.0%
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