Monday, March 3, 2014

KWN SPECIAL: 2014 ECON. COLLAPSE, SILVER, GOLD & MORE – Egon von Greyerz: / Sunday, March 2, 2014
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Marc Faber: “Emerging Economies Will Be Submerging Soon; May Lead To Devaluations & Higher Gold Demand”

by Tekoa Da Silva
Bull Market Thinking

During a time of stagnating emerging market growth and increasing Asian gold demand, Marc Faber, Director of Sprott Inc. and Publisher of The Gloom, Boom and Doom Report, was kind enough to share a few comments.
According to Marc, “if the Chinese economy imploded, it is likely that…the government would implement a devaluation of the yuan,” leading to similar currency moves in the region.
Here are his full interview comments with Sprott Global Resource Investment Ltd.’s Tekoa Da Silva:
TD: Marc, the narrative on natural resources involves Asian demand. You live in Asia. So what’s happening on the ground there and can we rely on continued growth in the region?
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Warren Buffett's Brand-New Advice on How to Get Rich

Two small investments Warren Buffett made more than two decades ago can teach us all something about how we should view our money.
Each year, investors anxiously await the annual report from Berkshire Hathaway (NYSE: BRK-A  ) (NYSE: BRK-B  ) , which contains a letter from Warren Buffett that contains indispensable insight into the decisions he's made both over the last year and his entire life.
While his letter for 2013 has yet to be released in its entirety, Fortune Magazine recently obtained an excerpt where Buffett outlines how two small real estate investments he made more than 20 years ago forever shaped his view on investing, but can prepare everyone for a future of success.

The investments
Buffett describes his purchase of a 400-acre farm 50 miles north of Omaha, Neb., in 1986. Just a few years prior, farmland in Nebraska and the entire Midwest was booming, but a bursting of the bubble caused prices to decline rapidly. Buffett was able to buy the land for $280,000, which was "considerably less" than what a failed bank valued it a few years earlier.  (more)

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Yandex N.V. operates an Internet search engine in Russia and internationally. The company offers a range of search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices; and localized homepages for specific geographic markets. It provides Yandex.News, a news aggregation and information service; Yandex.Market, a price comparison service that provides product information, price comparisons, and consumer-generated reviews of products and online retailers; and other search services comprising search services for images, videos, music, theatres, televisions, weather, jobs, transportation, cars, and real estate.
Please take a look at the 1-year chart of YNDX (Yandex N.V.) below with my added notations:
1-year chart of YNDX (Yandex N.V.)
YNDX has rallied nicely since its $20 low back in April. However over the last 5 months the stock has created a key level of support at $35 (green) and that $35 level is also the “neckline” support for YNDX’s H&S reversal pattern. Above the neckline you will notice the H&S pattern itself (blue).
Remember, patterns such as an H&S need to confirm to have the meaning that they imply. Confirmation of the H&S would occur if the stock were to break below its $35 support.

The Tale of the Tape: YNDX seems to have formed a head & shoulders pattern. Although a long trade could be made at $35, the pattern implies that the stock might be preparing to break lower. A short trade could be entered on a solid move below the $35 “neckline” support.
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Expect A Historic Stock Market Collapse & Global Chaos / March 1, 2014
Today one of the most respected money managers in the world warning King World News that investors need to brace themselves for a historic stock market collapse and global chaos.  This is one of Michael Pento’s, founder of Pento Portfolio Strategies, most timely and important pieces he has ever written.
By Michael Pento of Pento Portfolio Strategies
March 1 (King World News) – Expect A Historic Stock Market Collapse & Global Chaos
Investors are currently receiving mixed messages regarding the ramifications resulting from the Fed’s exit of debt monetization.  Officials from the Federal Reserve are assuring market participants that there will be a smooth transition from the central bank’s manipulation of long-term interest rates.  But markets are reaching a completely different conclusion.

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US Weekly Economic Calendar

time (et) report period Actual CONSENSUS
8:30 am Personal income Jan.   0.2% 0.0%
8:30 am Consumer spending Jan.   0.2% 0.4%
9 am Markit PMI Feb.   -- 56.7
10 am ISM Feb.   52.5% 51.3%
10 am Construction spending Jan.   -0.4% 0.1%
TBA Motor vehicle sales Feb.   15.5 mln 15.2 mln
TUESDAY, march 4
  None scheduled  
8:15 am ADP employment Feb.   -- 175,000
10 am ISM nonmanufacturing Feb.   53.5% 54.0%
2 pm Beige Book        
THURSDAY, march 6
8:30 am Weekly jobless claims 3-1
338,000 348.000
8:30 am Productivity 4Q   1.7% 3.2%
10 am Factory orders Jan.   -0.8% -1.5%
FRIDAY, march 7
8:30 am Nonfarm payrolls Feb.   140,000 113,000
8:30 am Unemployment rate Feb.   6.6% 6.6%
8:30 am Trade deficit Jan.   -39.9 bln -$38.7 bln
3 pm Consumer credit Jan.   -- $18.8 bln
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