Wednesday, January 8, 2014

Arch Crawford – Is 2014 The Year Of The Big Crash?

from Financial Survival Network
Arch Crawford has made some amazing calls over the years. By his own admission, he’s not batting a thousand. Sometimes a call in one area winds up being correct in another. When you’re dealing with the stars and the future, everything is always uncertain. But he sees certain similarities to other years when big crashes have taken place and he believes that sometime before 2015, perhaps in October, the big one is bound to happen. This will probably be good for gold and silver too, so you might want to stock up.
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Chart of the Day : The Blackstone Group (BX)

The Chart of the Day is The Blackstone Group (BX).  I found the stock by sorting the New High List for frequency in the last month, eliminated the stocks not having positive gains in the last week and month and reviewed the charts with the Flipchart feature.  Since the Trend Spotter signaled a buy on 11/7 the stock gained 20.57%.

Blackstone is an investment and advisory firms. Their alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. They also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services.

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Oil prices could 'crater' in 2014, Bremmer says: But 'dream' scenario could become a nightmare

It what sounds like a dream scenario for U.S. consumers, Ian Bremmer, president of Eurasia Group, says oil prices could "crater" in 2014 and OPEC could "fall apart."
But a serious decline in energy prices could lead to a nightmare for U.S. policymakers as "expanding unrest" in the Middle East is one of Bremmer's 'top risks' of 2014.
First, the good news: If a comprehensive deal over Iran's nuclear program is reached -- and Bremmer sees a-better-than 50% chance it will -- "then oil prices are cratering through $80" (the presumptive floor currently set by the Saudis), he says. "OPEC falls apart in that environment."
Again, this sounds like great news for American businesses and consumers, as well as emerging market economies. (more)

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BNN: Top Picks: Martinrea (MRE TSX), TD Bank (TD TSX), and General Electric (GE NYSE)

Bruce Campbell, President, Campbell, Lee & Ross Investment Management gives his Top Picks; Martinrea (MRE TSX), TD Bank (TD TSX), and  General Electric (GE NYSE)

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Dennis Gartman says time to short gold is over as commercial traders go heavily net long

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Canadian dollar touches 3-year low

TORONTO - The Canadian dollar fell more than a cent to close at a multi-year low Tuesday as the greenback shot higher on data showing the U.S. trade deficit fell in November to its lowest level in four years.

The greenback also strengthened a day before the release of the minutes from the Federal Reserve meeting last month.

The loonie lost 1.05 cents to 92.83 cents U.S., its lowest close since early November 2009. The currency was further pressured by data showing Canada's trade deficit worsened slightly in November, rising to $940 million from $908 million in October.

The U.S. trade gap dropped 12.9 per cent to US$34.3 billion in November as exports rose 0.9 per cent, aided by a 5.6 per cent rise in petroleum exports. Imports dropped 1.4 per cent.  (more)

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