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 @ KingWorldNews.com

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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:

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

Posted on 26 March 2014.

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

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Why is the Nasdaq Such an Easy Short Here?

When I go through my charts every day, there are a lot of things that I look for. Price is the most important of course, but momentum, moving averages, relative strength and price patterns are just a few of the other details that I try to focus on. The goal with all of this is to find risk/reward opportunities where the reward potential is exponentially greater than the risk involved.
This is why the Nasdaq Composite is such an easy short. Not because trading is easy, but because the risk here is so well-defined, and the reward possibilities are substantially greater. This is all that really matters. Look at the new highs in February and into early March. Momentum was nowhere near confirming them and now momentum is making lower lows.

In my opinion, the big level here is 4250. This represents the highs from January 22 that turned into support throughout the month of March. As long as prices are below that, the Nasdaq Composite is a short all day long. Above that and things get messy skewing the risk/reward ratio away from being in favor of the bears.  (more)
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Get Out Of Gold Stocks -- Right Now

Few investments are driven by psychology and fear as much as gold. Concerns about ruinous inflation, global tensions or economic instability can send investors out of stocks and right into the seemingly safe harbor of gold.
Is the fear trade back on? A double-digit rebound in gold prices since the year began has led some investors to wonder if gold is poised for a great 2014 after a dismal slump in 2013 when gold prices fell more than $400 an ounce. Junior gold miners have fared even better: The Market Vectors Junior Gold Miner ETF (NYSE: GDXJ) is up roughly 35% in the past three months.

Much of the impetus for an upward move in gold prices was the building tensions in Ukraine, which led to concerns about potential military escalation. It's now apparent that financial sanctions, and not a deepening of a war posture, will characterize the hardening Russia/European Union relationship, and the risk factor is slowly receding. (more)

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Ferro Corporation (NYSE: FOE)

Ferro Corporation, together with its subsidiaries, produces and sells specialty materials and chemicals in the United States and internationally. The company operates in five segments: Pigments, Powders, and Oxides; Performance Colors and Glass; Performance Coatings; Polymer Additives; and Specialty Plastics. It offers various performance materials, including frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, specialty dielectrics, electronic glasses, and other specialty coatings; and performance chemicals comprising polymer additives, engineered plastic compounds, and pigment dispersions. The company’s products are used in appliances, automobiles, building and renovation, electronics, household furnishings, packaging, and industrial products. It sells its products primarily to the manufacturers of ceramic tiles, appliances, construction materials, automobile parts, glass, bottles, and wall coverings directly, as well as through agents and distributors.
To review Ferro’s stock, please take a look at the 1-year chart of FOE (Ferro Corporation) below with my added notations:

Since November FOE had essentially been trading sideways while forming 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. FOE’s rectangle pattern had formed a $14 resistance (red) and a $12 support (green). The break above $14 was not only a break out of the pattern, but it was also a new 52-week high.

The Tale of the Tape: FOE broke its rectangle pattern to a new high. The possible long position on the stock would be on a pullback to $14, while a break back below $14 could negate the expectation for higher prices.
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