Friday, May 2, 2014


In this interview with CNBC, Marc Faber, publisher of The Gloom, Boom & Doom Report, explains why he believes that a crash could take place in the second half of the year.

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3D Systems (NYSE: DDD) Sell or Buy?

3D printing stocks were great momentum plays in 2013, as trend followers chased them higher and higher. As we entered 2014, though, the herd jumped ship, and the stocks have taken a serious beating.
In many respects, the ugliness in 3D printing stocks is similar to the price action in other former momentum darlings like social media stocks and biotechs. This is to be expected in the late stages of a cyclical bull market, where small- and mid-cap stocks, as well as some of the more volatile momentum names, begin to lag large-cap stocks.  (more)

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Morgan Stanley: gold price won’t see $1,300 again

The gold price on Tuesday continued to hover below the $1,300 an ounce level, down more than $80 an ounce from 2014 highs reached mid-March.
US investment bank Morgan Stanley added to the negative sentiment, forecasting the gold price to average $1,250 this quarter, decline to an average $1,168 in the second half of 2014 and weaken further to $1,138 next year.
The commodity analysts at Morgan Stanley are quoted in Barron’s blog that record demand from China “won’t be enough to keep gold’s price above $1,200 per ounce in the coming year, much less help it rise”.
The bank blames a slide in the value of the Chinese currency, the yuan, against the US dollar for weakening demand.
Signs of a drop-off in the world’s top importer of gold are already visible:

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Chart of the Day - VSE Corp (VSEC)

The Chart of the Day is VSE Corp (VSEC).  Since the Tend Spotter signaled a buy on 2/24 the stock gained 29.66%.

VSEC is a diversified Federal Services company of choice for solving issues of global significance with integrity, agility, and value. The company serves as a centralized management and consolidating entity for the Company's business operations. VSE is dedicated to making its clients successful by delivering talented people and innovative solutions for consulting and program management, logistics, equipment and vehicle/vessel refurbishment, engineering, information technology, energy consulting, and construction program management.

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Why the Oil Price “Spread” is Getting Tighter

The spread between WTI and Brent is tightening again.
What’s “the spread?”…
It’s the difference in price between what crude oil futures cost on the NYMEX in New York (the West Texas Intermediate rate) and the rate set in London (the Brent rate).
As of this morning, this spread stood at 7.2% of the WTI rate (the more accurate way to register its impact in the U.S. market).
It had been as low as 3.6% earlier this month, after hitting double-digit levels for most of 2013, when in some cases the spread jumped to over 20%.  (more)

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