A Look At 100 Baggers

Last Wednesday was “Back to the Future” Day.
In the second film of famous Back to the Future trilogy, Marty McFly and Doc Brown travel from 1985 to Oct. 21, 2015. There were all kinds of articles about the film and what it got right and wrong and so forth.

Of course, I can’t help but wonder what stocks you might’ve bought back in 1985 that turned into 100-baggers. A columnist at MarketWatch, Philip van Doorn, looked at the top performers in the S&P 500 from 1985 to now:  (more)

Mind The SPX Arch Potential For A 25% Plunge Ahead

If you been following our technical chart segment you have seen the evolution of one particular chart: That of the daily $SPX. The rejection of price on Friday, after yet another push higher, occurred at the level of an arch that we have been observing unfold over the past year. Now there is no technical pattern called the “arch”, but one cannot deny that since September 2014 price rejections have taken place along very specific points that now offer stunning symmetry.

It is not only the arch here which has proved superbly precise, but the confluences of price rejections are incredible.  (more)

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA)

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) looks to have finally hit bottom, as the stock bounced strongly on Friday after its recent weakness. With the strength the stock showed at the close, we should see a continued upside move. I expect to see an increase in volume as traders are always looking for stocks that bounce after a big sell-off, so watch it closely next week.

US Weekly Economic Calendar

time (et)	report	period	ACTUAL	CONSENSUS forecast	previous
MONDAY, OCT. 26
10 am	New home sales	Sept.	468,000	550,000	529,000
TUESDAY,  OCT. 27
8:30 am	Durable goods orders	Sept.	-1.2%	-2.3%	-3.0%
9 am	Case-Shiller home prices	Aug.	4.7% yoy	--	4.6% yoy
9:45 am	Markit services PMI	Oct.	54.4	--	55.1
10 am	Consumer confidence index	Oct.	97.6	102.1	102.6
10 am	Homeownership rate	Q3	63.7%	--	63.4%
WEDNESDAY, OCT. 28
8:30 am	A dvance trade in goods	Sept.	-$58.6 bln	-$64.0 bln	-$67.2 bln
2 pm	FOMC announcement		0%-0.25%	0%-0.25%	0%-0.25%
THURSDAY, OCT. 29
8:30 am	Weekly jobless claims	Oct. 24	260,000	265,000	259,000
8:30 am	Gross domestic product	3Q	1.5%	1.8%	3.9%
10 am	Pending home sales index	Sept.	-2.3%	--	-1.4%
FRIDAY, OCT. 30
8:30 am	Personal income	Sept.	0.1%	0.2%	0.3%
8:30 am	Consumer spending	Sept.	0.1%	0.2%	0.4%
8:30 am	Core Inflation	Sept.	0.1%	0.2%	0.1%
8:30 am	Employment cost index	3Q	0.6%	0.7%	0.2%
9:45 am	Chicago PMI	Oct.	56.2	--	48.7
10 am	Consumer sentiment index	Oct.	90	92.5	87.2

Marin Katusa: Follow the Good Guys in Mining

by JT Long
The Gold Report

The most valuable resource in a mining company is often the people. Good management can attract the right investors and add value regardless of the market. In this interview with The Gold Report, Marin Katusa, founder of Katusa Research, shares his litmus test for which mining companies are worth his hard-won dollars and which ones he is avoiding for the foreseeable future.

The Gold Report: You seem much more positive about gold right now than when we talked in June. Based on the chart you have on Katusa Research of the U.S. dollar versus gold and in the wake of the Federal Reserve’s inaction at its last meeting, what’s your thesis for gold for the rest of 2015?
Marin Katusa: As I said in the spring, I don’t see the Fed raising rates this year. Using some simple game theory, for the Fed not to raise rates is the best decision. I still believe that. Gold has fared well compared to the price of the U.S. dollar, better than any other hard commodity. Gold is holding its own. The reality is, because the commodity markets are down, very little capital is being invested to replace the production of gold.
Continue Reading at TheAuReport.com…

Rudi Fronk: All That Glitters With Seabridge $SA Is Gold

Introduction: Rudi P. Fronk, Chairman and CEO of Seabridge Gold, has over 30 years experience in the gold business, primarily as a senior officer and director of publicly traded companies. In 1999 Mr. Fronk co-founded Seabridge and has served as the company's CEO since that time. Prior to Seabridge, Mr. Fronk held senior management positions with Greenstone Resources, Columbia Resources, Behre Dolbear & Company, Riverside Associates, Phibro-Salomon, Amax, and DRX. Mr. Fronk is a graduate of Columbia University from which he holds a Bachelor of Science in Mining Engineering and a Master of Science in Mineral Economics.

Anthony Wile: Nice to sit down with you, Rudi. I wrote an editorial recently entitled "Why Most Gold Stocks Are Bad Investments." In it I indicated that very few gold miners actually understood the economics of what they were investing in. I pointed out something I believe deeply, which is that "any company that is in the business of digging real value out of the ground only to exchange it for paper currency is doing a disservice to its shareholders." I'd like you to comment on this.(more)

Alasdair Macleod is Ready to Get On With the Collapse