Thursday, March 27, 2014

Rick Rule – We’re Going To See 300% To 400% Gains From Here

from KingWorldNews:
Eric King: “Rick, we’ve had this pullback off the recent highs in gold. Where are we headed from here?”
Rule: “I think it’s interesting to describe this as a pullback because it depends on the time frame you examine. If you take the period from June of 2013 to today, that pullback actually represents a 12% gain….
“It’s very important for investors to take a longer view of a market so that they remain grounded in reality. The reality is the market is now digesting the gains that it has enjoyed. You know, Eric, that markets need to consolidate, and that’s precisely what we are doing — we’re consolidating.
Rick Rule Continues @
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Incyte Corporation (NASDAQ: INCY)

Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary small molecule drugs primarily for oncology and inflammation. The company markets JAKAFI, an oral janus associated kinase (JAK) inhibitor for the treatment of patients with intermediate or high-risk myelofibrosis (MF), including primary MF, post-polycythemia vera MF, and post-essential thrombocythemia MF. Its product pipe line includes ruxolitinib, a JAK inhibitor, which is in Phase III clinical trial for polycythemia vera; in Phase II trial for pancreatic cancer; and in Phase I trial for the treatment of malignancies, as well as baricitinib, a JAK inhibitor, which is in Phase III trial for rheumatoid arthritis, in Phase IIb trial for psoriasis, and in Phase II trial for diabetic nephropathy.
To review potential trading opportunities with Incyte’s stock, please take a look at the 1-year chart of INCY (Incyte Corporation) below with my added notations:
1-year chart of INCY (Incyte Corporation)
A rounding top is a reversal pattern that is as simple as it sounds: After an extended rally, a stock “rolls over” from the left to right by the formation of low peaks to higher peaks back down to lower peaks. The top that is formed looks somewhat like an upside down “U”.
INCY appears to have formed a rounding top price pattern (blue) from the beginning of the year until the end of last week. As with any price pattern, a confirmation of the pattern is needed. INCY confirmed its pattern by breaking the $60 support (red) that was created by the rounding top pattern.

The Tale of the Tape: INCY has broken down from its rounding top and should be moving lower overall. A short trade could be made on any rallies back up to the $60 area, while a long trade could be made if the stock were to break back above the $60 level.
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A Russian REIT and a Polish Play: RUS, EPOL

Steve Halpern: We're here today with Vivian Lewis, Editor of Global Investing. How are you doing today, Vivian?
Vivian Lewis: Great.
Steve Halpern: Welcome. I'd like to talk to you a little about the Global Investing Newsletter, one of the top performing newsletters in the industry. While you search worldwide for investments, you focus on stocks that are readily available for you as investors to buy. Can you explain that strategy?
Vivian Lewis: Yes, when we started, it was just the beginning of something called the American Depository Receipt, which is a thing that banks create from foreign stocks, which are then tradable in the US, so that is our main focus.
But we also include Canadian shares, which are usually offered by US brokers, and increasingly, in the last few years, we've added shares that only trade on foreign markets, but, to which, Americans using discount brokerages can gain access and where the brokerage commission is not excessive. (more)

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McAlvany Weekly Commentary

James Rickards: The Death of Money

About this week’s show:
-Collapse not unprecedented, 3X in last 100 years
-Gold required in crises portfolio
-Buffet dumps Dollars for hard assets
-Previous interview with James Rickards you will not want to miss: Currency Wars and $7,000 Gold
-New to the McAlvany Commetary? – Be sure to sign up for FREE - Click here
-Be sure to order The Death of Money, click below:
The Death of Money: The Coming Collapse of the International Monetary System

Read | Subscribe@iTunes
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