Thursday, October 3, 2013

Jim Grant’s Top 3 “Undervalued” Assets

When most of Wall Street expected the Fed would taper its asset purchases starting in September Jim Grant predicted it would not, and he was right on the money. The editor of Grant's Interest Rate Observer is a student of the Fed who closely follows global interest rates and financial markets, but he's not a fan of the U.S. central bank, or any other major central banks for that matter. And that's why he's bullish on gold.

"The world ought to have much less faith in central banks, and as that reasoned distrust of a broken model grows, the gold price, I think, will appreciate," Grant tells The Daily Ticker. "Gold is cheap at this price."  (more)

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Savings tip: 27 simple ways to make your groceries last longer

If you're like the average American, you waste more than 20 pounds of food every month.

This is because 40 percent of the food in the U.S. goes uneaten – that's almost half.

While some of this food is lost during production and processing (such as produce that goes bad before it’s harvested), a significant amount is wasted in people's homes simply because it goes bad before it's eaten.

Not only does this amount to more than $2,000 in annual losses for the average U.S. household of four, but all of that wasted food uses up precious stores of freshwater – about 25 percent of freshwater use is wasted on food that's not even eaten!
Plus, this "throw-away" food...

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Verisign, Inc. (NASDAQ: VRSN)

VeriSign, Inc. provides Internet infrastructure services to various networks worldwide. It offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, and .name domain names, as well as the back-end systems for various for all .gov, .jobs, and .edu domain names. The company also provides network intelligence and availability services that provide infrastructure assurance to organizations comprising Verisign iDefense security intelligence services, managed domain name system services, and distributed denial of protection services. VeriSign, Inc. was founded in 1995 and is headquartered in Reston, Virginia.
To review VeriSign's stock, please take a look at the 1-year chart of VRSN (VeriSign, Inc.) below with my added notations:
1-year chart of VRSN (VeriSign, Inc.) Over the last year VRSN has experienced some wild rides, both lower in October-November, and higher ever since then. During that time, the stock formed a solid resistance at $50 (red). That resistance was a 52-week high breakout when the stock moved it in mid-September and now it should act as support if the stock were to pull back down to it. In addition, the stock has also been climbing a trendline of support (blue) since June.

The Tale of the Tape: VRSN has a potential $50 level of support and uptrend line to watch. A long trade could be made on a pullback down to $50. A break below that level would negate the forecast for a move higher.
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The Boeing Co. (NYSE: BA): Flying First Class

We'll start with The Boeing Co. (NYSE: BA), a longtime favorite of ours that's up 90% (96% including dividends) since we first recommended it two years ago. It's also up 57% since Jan. 18 - when we told subscribers to ignore the whole "Dreamliner battery" media frenzy and buy the stock while it was trading down.

Boeing recently hit a record high of $120.38, but this is a great company with powerful global trends acting as a tailwind, and is a stock we believe you'll want to own for the long run.

This is a company that I've followed for years and know well - which is why it was one of the first stocks we recommended after launching Private Briefing. It clearly had some issues to work through, but has tackled most of them.

And Boeing's own projections show us the aerospace firm is pushing its throttles "to the stops" as it heads for the stratosphere.

In Boeing's latest annual forecast - a highly read document the company updates each year - the Chicago-based venture says there will be $4.8 trillion worth of passenger-jet sales over the next 20 years. That represents a 20% increase over the prediction that Boeing made just two years ago.  (more)

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Tesla Plunges On Downgrade, Potential Dilution, Video Of Car Fire: TSLA

Despite its position as a "cult" stock - capable of enduring anything (according to Cramer) - the holy grail of momentum stocks is under massive pressure today. Down 9% as we write, Tesla seems to be at the center of a quadruple whammy of retail investors realizing they have become unwitting bagholders to selling institutions, an analyst's downgrade, a major potential dilution event as the firm's convertible note becomes 'convertible' and investors sell to take profits on their bond's huge gains, and an additional factor which may have led to the acceleration in the sell-off in the last hour or so, has been the emergence of an unverified YouTube video which purports to show a burning Tesla, although the firm's investor relations promptly responded, via CNBC, saying the fire is due to the car colliding with a large metal object in the middle of the road (of which roads tend to have quite many)... and burst in flames?
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McAlvany Weekly Commentary

US Downgrade Looms

About this week’s show: 
-Debt Ceiling raises probability of collapse
-Goldman BUYS gold, tells others to SELL
-Call to action
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