LEGEND WARNS STOCKS TO COLLAPSE, GOLD TO SKYROCKET & MORE – Victor Sperandeo:

kingworldnews.com / Sunday, April 20, 2014


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A Bankrupt World, $26,000 Gold & The Destruction Of Wealth

kingworldnews.com / April 21, 2014
Today a 42-year market veteran spoke with King World News about a bankrupt world, $26,000 gold, and the destruction of wealth.  Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this powerful interview.

Greyerz:  “Eric, this is a good time for contemplation. As we have discussed many times, the risks in the world are greater than ever today….
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magicJack VocalTec Ltd (NASDAQ: CALL)

magicJack VocalTec Ltd., together with its subsidiaries, operates as a cloud-based communications company that provides voice-over-Internet-Protocol (VoIP) services in the United States. The company’s products and services allow users to make and/or receive free telephone calls to and from where the customer has broadband access to the Internet. It offers magicJack VoIP device that enables customers to receive phone service for their home, enterprise, or while traveling; and magicJack PLUS, which contains a System on a Chip that connects a regular phone directly to the user’s broadband modem/router and function as a standalone phone without using a computer.
To review magicJack’s stock, please take a look at the 6-month chart of CALL (magicJack VocalTec Ltd.) below with my added notations:

CALL has formed a key price level of at $20.00 (purple) over the last (2) months that had most recently been support. In addition, the stock has potentially a down trending resistance that starts in mid-March (blue). The stock has started to recover from below $18 and should be approaching the $20 level soon, which may be where the down trending resistance is at that time.

The Tale of the Tape: CALL is approaching potentially 2 resistances at $20. A short trade could be made on a rally up to $20, while a break above $20 would set up a potential long trade.
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Would You Short Lululemon LULU?‏

1. A specialty retailer trading at 25x earnings.
2. With negative same store sales comps:

3. Expanding into new locations with lower population density and income than current stores (which implies margin pressure going forward):

Note: Distinct Market Size per Store is comprised of spending on women’s apparel and sporting goods in a 10-mile radius trade area. Source: Signal Data.

4.  With worldwide online search trends that recently turned negative (side note: if you aren’t tracking worldwide search trends, you are missing out on huge alpha opportunities in the consumer / tech space; the correlation between search to sales is not insignificant – see here):

Would you short this company?
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The Dow Jones Index is the Greatest of All Ponzi Schemes

Beware: The Dow 30’s Performance is Being Manipulated!

The Dow Jones Industrial Average (DJIA) Index – the oldest stock exchange in the U.S. and most influential in the world – consists of 30 companies and has an extremely interesting and distressing history regarding its beginnings, transformation and structural development which has all the trappings of what is commonly referred to as pyramid or Ponzi scheme.
The Dow Index was first published in 1896 when it consisted of just 12 constituents and was a simple price average index in which the sum total value of the shares of the 12 constituents were simply divided by 12. As such those shares with the highest prices had the greatest influence on the movements of the index as a whole. In 1916 the Dow 12 became the Dow 20 with four companies being removed from the original twelve and twelve new companies being added. In October, 1928 the Dow 20 became the Dow 30 but the calculation of the index was changed to be the sum of the value of the shares of the 30 constituents divided by what is known as the Dow Divisor.
While the inclusion of the Dow Divisor may have seemed totally straightforward it was – and still is – anything but! Why so? Because every time the number of, or specific constituent, companies change in the index any comparison of the new index value with the old index value is impossible to make with any validity whatsoever. It is like comparing the taste of a cocktail of fruits when the number of different fruits and their distinctive flavours – keep changing. Let me explain the aforementioned as it relates to the Dow.
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