Tuesday, March 31, 2015

Chen Lin’s Secret to Finding the Next GoldCorp

by JT Long
The Gold Report

Chen Lin, author of the popular stock newsletter What Is Chen Buying? What Is Chen Selling?, knows the smart time to look for the next big gold company is when everyone else has left the sector. With China making moves to invest trillions in commodity-hungry infrastructure, Lin is traveling the world looking for the companies with the right projects in the right places making all the right moves. In this interview with The Gold Report, he shares some of the insights from his recent travels and discusses three companies with potential to be the next Goldcorp.
The Gold Report: You’ve written that the China-led Asian Infrastructure Investment Bank (AIIB) could lead to a boom in commodities. We recently saw that South Korea is joining a number of European countries and signing on, despite U.S. reservations. Do you see this as a threat to U.S. fiscal dominance?
Chen Lin: I think this is a first step for China. The country has a huge reserve, $4 trillion, much more than it needs on the balance sheet to stabilize its currency. The rest is wasted, collecting no interest. China made some huge mistakes in the past through poor acquisition decisions because of faulty lending standards.
Continue Reading at TheAuReport.com…
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3 Triple-Digit Stocks With Upside Potential of At Least 40%: Apple (NASDAQ: AAPL), Gilead Sciences (NASDAQ: GILD), NXP Semiconductors (NASDAQ: NXPI)

It's a common misconception among new investors, and one that even veterans occasionally make: assuming that a stock's price is the ultimate determinant of value.
Of the more than 7,000 stocks currently listed on U.S. stock exchanges, just 428 have a share price of $100 or higher. By comparison, there are more than 900 companies to choose from with a share price of $5 or less. The perception of being able to buy more shares of a lower priced stock, as well as the idea that it'd be easier for a $5 stock to double in value than a $100 per share stock, tends to lead novice investors and short-term traders away from some very trustworthy and high growth potential triple-digit price tag stocks. (more)
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ECB To Steal Greek Bank Deposits As Greece To Default Within Two Weeks Sending Shockwaves Around The World!

kingworldnews.com /
Today one of the greats in the business warned King World News that Greece will default within two weeks, sending shockwaves around the world!  He also stunned KWN when he said what the ECB is about to do to Greece.
James Turk:  “The situation is Greece is deteriorating rapidly, Eric, and the implications extend far beyond the euro.  KWN readers need to be ready just in case there are some nasty surprises over the next couple of weeks that roil markets around the globe….
Continue reading the James Turk interview below…
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Iconix Brand Group Inc (NASDAQ: ICON)

Iconix Brand Group, Inc., a brand management company, owns, licenses, and markets a portfolio of consumer brands across women’s, men’s, entertainment, and home primarily in the United States and internationally. The company brand portfolio includes Candie’s, Bongo, Badgley Mischka, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific, Danskin, Rocawear, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd, Marc Ecko Cut & Sew, Zoo York, Sharper Image, Umbro, and Lee Cooper brand names. It also has interest in Artful Dodger, Material Girl, Peanuts, Ed Hardy, Truth or Dare, Billionaire Boys Club, Ice Cream, Modern Amusement, Buffalo, Nick Graham, Hydraulic, and Strawberry Shortcake brands. Iconix Brand Group, Inc. licenses its brands directly to retailers and wholesalers for use across a range of product categories.
Take a look at the 1-year chart of Iconix (Nasdaq: ICON) below with added notations:
1-year chart of Iconix (Nasdaq: ICON)
ICON has been trading sideways over the last 3 months. During the sideways move the stock has formed a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern.
ICON’s rectangle pattern has formed a resistance at $36 (red), which was also support back in October, and a $33 support (green). At some point the stock will have to break one of the two levels.

The Tale of the Tape: ICON is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $33 or on a breakout above $36. The ideal short opportunity would be on a break below $33.
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Ross Clark on Equity Markets, and Josef Schachter on Oil and Gas. Ted Dixon Discusses Insiders.

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