Gartman on Stocks vs. Gold

If Dennis Gartman had to commit $10,000 right now, this is where he would put it, with CNBC’s Jackie DeAngelis and the Futures Now Traders.
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Cameco (NYSE: CCJ) & Denison Mines (NYSEMKT: DNN): 2 Companies With Explosive Growth Potential

Last week, we looked at a few of the success stories — namely Cheniere Energy (NYSEMKT: LNG) and Energy Transfer Equity (NYSE: ETE).

Well, now we’re going to look at couple of companies that have underperformed.

I’m talking about uranium producers Cameco (NYSE: CCJ) and Denison Mines (NYSEMKT: DNN).

Since we unveiled The 10 Must-Own Energy Stocks of 2013 way back in December, Cameco has edged down a little more than 3%, and Denison is down about 1.5%.

That’s not terrible, but we were expecting more — gains at the very least.

Here’s why…(more)

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Hindenburg Omen Is About Marketing, Not Markets

The actual Hindenburg disaster took about 35 seconds from ignition to crash. The eponymous market omen has been triggered multiple times over the last several months, starting at the end of May. Thus far the Hindenburg Omen has yet to trigger a market crash.

Naturally, believers don't regard this as any sort of proof that the technical indicator is somehow flawed. The indicator doesn't come with a specific time frame. It's more along the lines of a vague suggestion that trouble may be afoot. A quick survey of market omens and prognostications reveals that they tend to come without deadlines. That's largely because they are a function of the imagination and salesmanship more than actual markets.


"They would make an indicator based on how many times your neighbor's dog pooped on your yard if they could," says Jonathan Hoenig, founding member of hedge fund Capitalistpig. "The history of markets is that they have a tendency not to crash. The last hundred years you're looking at five or so legitimate crashes."  (more)

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The Biggest Gold Story No One Is Talking About (Video)

It’s one of the world’s biggest stories right now and it could dramatically affect the price of gold. But, Americans have heard only a little about it.

The decline in India’s currency, the rupee, is nothing short of stunning. Currently at record lows, the rupee has dropped nearly 18% since May. It now takes 63.25 Indian rupees to buy one US dollar.

Causing the plunge is – who else? – Ben Bernanke. Here’s why:

Back on May 22, the Federal Reserve Bank Chairman spoke before the US Congress and hinted that the Fed could start tapering its $85 billion per month bond buying program. That policy, known as “quantitative easing”, helped keep bond prices up and, thus, interest rates down to near-record lows.

Continue Reading at Finance.Yahoo.com…
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Rob McEwen: Exploration Miners With A Hot Discovery Deliver Remarkable Returns

Legendary gold mining company builder Rob McEwen did an interview with Eric Jackson from Forbes. Rob McEwen is not only know for his excellent track record in building companies, but also for his deep insights in the gold market, the economic and monetary world.
In this article, we highlight the four most interesting questions/answers, published by Forbes and covering both the gold mining sector and gold’s macro economic aspects.
Question: Is the mining industry different today from 20 years ago? There’s been more consolidation. What’s that meant for a junior like you?
Read More @ GoldSilverWorlds.com
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Comerica Incorporated (NYSE: CMA)

Comerica Incorporated, through its subsidiaries, provides financial products and services primarily in Texas, Arizona, California, Florida, and Michigan. The company operates in three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services to middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides small business banking and personal financial services consisting of consumer lending, consumer deposit gathering, and mortgage loan origination. The Wealth Management segment provides products and services, including fiduciary services, private banking, retirement services, investment management and advisory services, and investment banking and brokerage services. Please take a look at the 1 yr. chart of CMA (Comerica Incorporated) that I have shown below with my added notations: CMA has formed a long channel upward over the last (8) months. A channel is simply formed through the combination of a trend line support that runs parallel to a trend line resistance.  When it comes to a channel any (3) points can start the channel, but it’s the 4^th test and beyond that confirm it. You can see that CMA has multiple test points between the channel resistance (blue) and the channel support (red). Following the CMA channel can provide you with both long and short trading opportunities.

The Tale of the Tape: CMA has formed a common chart pattern know as a channel, in this case, an up-channel. A long opportunity could be entered on a pullback to the channel support, which is approaching $40. Short trades could be entered at channel resistance OR if CMA were to break below the channel support.
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Jay Taylor: Turning Hard Times Into Bad Times

click here to listen   Hour 1      Hour 2
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