Saturday, 21 December 2013
ROGERS: If Indians Start Selling their Gold, Then Who Knows How Low Prices Can Go? (GLD)
Jim Rogers : [1] The anomaly of the 12-year rise, for one thing. [2] India as we have discussed before. Indian politicians are blaming their problems on gold, so [they] have added special taxes, tariffs, controls, and regulations. Pakistan and Bangladesh even totally banned imports of gold at one time.
The politicians are now trying to figure out ways to force Indians to sell gold. There are staggering amounts of gold there. The politicians are now trying to hit the temples which have accumulated an unimaginable amount of gold over the centuries. I have no idea if they will succeed at either, but the effort is having an effect. If they are successful to any degree, it will have an even bigger effect. India has been the largest buyer of gold for decades. Cutting back the purchases has already had an effect. IF they can force the largest buyer to become a seller [much less a larger seller], who knows how low gold could go? [3] A lot of people leveraged themselves too which hurts on the downside. Etc., etc.
The politicians are now trying to figure out ways to force Indians to sell gold. There are staggering amounts of gold there. The politicians are now trying to hit the temples which have accumulated an unimaginable amount of gold over the centuries. I have no idea if they will succeed at either, but the effort is having an effect. If they are successful to any degree, it will have an even bigger effect. India has been the largest buyer of gold for decades. Cutting back the purchases has already had an effect. IF they can force the largest buyer to become a seller [much less a larger seller], who knows how low gold could go? [3] A lot of people leveraged themselves too which hurts on the downside. Etc., etc.
Friday, 20 December 2013
Buffett's Big Energy Bets Go Beyond ExxonMobil
Warren Buffett grabbed his share of recent headlines when he disclosed a $3.45 billion stake in ExxonMobil. And although this story received large amounts of attention from the media, it's only fair to acknowledge Berkshire Hathaway's subsidiary, MidAmerican Energy Holdings, which has also been busy lately.
Green with NV
On Monday night, Nevada utility regulators approved the sale of the state's largest electric utility, NV Energy (NYSE: NVE ) , to MidAmerican Energy for $5.6 billion. Before being finalized, the deal needs to be approved by the Federal Energy Regulatory Commission, but that is expected to be coming any day. The acquisition of NV Energy will add approximately 2.4 million customers to MidAmerican Energy's current 6.4 million electricity and 700,000 natural gas customers.
An investment in NV Energy is an investment in renewable energy. Nevada's renewable portfolio standard states that at least 25% of the company's retail energy sales are derived from renewable sources by 2025. Working toward that goal, NV Energy reached 1 GW of renewable energy under contract. Further demonstrating its commitment to renewable energy sources, NV Energy is working toward bringing its Crescent Dunes Solar Thermal project online in 2014. The 110 MW, concentrated solar thermal project will be able to store energy and provide it to customers at night or when it's cloudy.
An investment in NV Energy is an investment in renewable energy. Nevada's renewable portfolio standard states that at least 25% of the company's retail energy sales are derived from renewable sources by 2025. Working toward that goal, NV Energy reached 1 GW of renewable energy under contract. Further demonstrating its commitment to renewable energy sources, NV Energy is working toward bringing its Crescent Dunes Solar Thermal project online in 2014. The 110 MW, concentrated solar thermal project will be able to store energy and provide it to customers at night or when it's cloudy.
Source @ fool
Faber's Best Shorts for 2014: Facebook, Tesla, Twitter, Netflix, and Veeva Systems
“If you look at the entire market, some stocks are not terribly expensive and some stocks are very expensive. It’s like in year 2000, not every stock was overpriced. At that time, the NASDAQ was grossly overvalued but, say, resource shares and so-called ‘old economy’ companies were relatively inexpensive or absolutely cheap. In the present instance, I think that stocks like Facebook Inc (NASDAQ:FB), Tesla Motors Inc (NASDAQ:TSLA), Twitter Inc (NYSE:TWTR), Netflix, Inc. (NASDAQ:NFLX), [and] Veeva Systems are grossly overvalued and that the basket of shorts in these stocks will return you at least 30% next year.”
Source @ etfdailynewsJim Rogers : Iran Libya and Syria are on my list of Countries to Invest in
Yes, at one point I did invest in Iran, back in the 1990s and made something like 40 times on my money. I didn't put millions in because there was a limit on how much a person could invest. But this was over 20 years ago. I would like to invest in Iran again, but I don't know the precise details on the sanctions and the current status of Americans being able to invest there. But Iran is certainly on my list. And so are Libya and Syria. I'm not doing anything at the moment in these countries, but they are places that are on my list.
Thursday, 19 December 2013
The Peter Schiff Show Tuesday 12/10/2013
Stefan Molyneux is guest hosting today's show. ObamaCare's Next Legal Hurdle. Stephan Kinsella, patent attorney & director of the Center for the Study of Innovative Freedom, on how ObamaCare still fails any reasonable legal test, whether anything constructive may come from the Apple/Samsung battle, and why entrepreneurs needn't worry about their intellectual property
George Soros: It’s Time to Make Justice Central to Development
George Soros recently intervened in the post-2015 debates, noting the need for universal access to justice. He identified four target areas issued considered crucial for post-MDG success by the legal empowerment movement:
“1. LEGAL IDENTITY: Being recognized as a person under the law is critical to everyday life. You need it to send your children to school or to receive medical care. State-issued legal identity documents, such as birth registrations, are usually needed.
2. ACCESS TO INFORMATION. People should be able to find out about the laws and regulations that govern their lives.
3. Both individuals and communities need to have their PROPERTY RIGHTS protected. Giving communities protection against land grabbing and the misappropriation of natural resources would be a great contribution to the fight against poverty.
4. People need access to LEGAL SERVICES, both at the community-level and in formal justice institutions like the courts. For access to justice to be fair, people need to have legal aid—either through lawyers or through paralegals.”
Read More @ post2015Wednesday, 18 December 2013
Here is How You Buy Stocks Like Warren Buffett
Warren Buffett's single greatest piece of wisdom and advice, at least in this investor's opinion, is this: When buying a stock, imagine you're buying the whole business.
In Buffett's 1988 letter to Berkshire Hathaway shareholders, the Oracle of Omaha listed his six criteria for buying a business. Could great investing really be about following those six steps? Let's put this theory to the test.
Today, I'm going to use Buffett's six essential criteria for buying a business to help better analyze regional banks U.S. Bancorp , Fifth Third Bancorp , and Regions Financial .
Today, I'm going to use Buffett's six essential criteria for buying a business to help better analyze regional banks U.S. Bancorp , Fifth Third Bancorp , and Regions Financial .
Read more @ dailyfinance.com
Faber : Market to drop 20% in 2014
Marc Faber admits that he got stocks wrong in 2013, but now says that a drop of over 20 percent is likely, with CNBC's Jackie DeAngelis and the Futures Now Traders.
Tuesday, 17 December 2013
George Soros Donates Funds to Help Heat Schools in Greece
Greek students have had a rough winter in extremely cold classrooms due to the lack of heating resources, resulting from local authorities who are simply unable to cover the unbearable cost of heating oil. The organization Open Society Foundation, founded by the great American investor George Soros, offers donations worth millions of euros in oil so that children can sit in a warm classroom.
Schools in the 2 biggest municipalities of Greece have been lucky enough to have their oil tanks filled thanks to Mr. Soros’ donations.
The municipality of Thessaloniki has accepted up to 90 tons of oil since March 2013, for schools and other institutes. The municipality of Athens follows with a total of 40 tons of oil. Next in line is the city of Naousa, considering that students have to take lessons in polar temperatures. The mayor of the town, Mr. Tasos Karampatzos, despite the reactions and disagreements on the parents’ side, has already contacted the Foundation and asked for an oil supply that would cover the needs of the region’s schools.
Source @ greece.greekreporter.com
The Whole U.S. Economy Is Based On Debt
Our whole economy in the U.S. is based on debt. Its based on borrowing to consume, borrowing to speculate. The government is financing itself based on debt, all these checks they are mailing out are based on debt.
The rates need to be practically zero in order for anybody to afford servicing the debt. That is how enormous the debt is and when the FED eventually lets interest rates rise, everything comes crashing back down, much worse than 2008.
Monday, 16 December 2013
Marc Faber: Taper will be Very Cosmetic
When they introduced Quantitative Easing one (QE1) in November 2008, my view was that this would be a permanent stasus, in other words that we would go up to QE99 and that they would not abandon the asset purchases. Now there has been talk about tapering for the last 6-8 months, but in my view if they taper, it will be a very cosmetic gesture and on any sign of further economic weakness, or if asset markets decline again like the stock market drops 10-20 percent they will actually increase the asset purchases. My sense is that the Federal Reserve will continue to buy assets in order to try to support the asset markets. - inmoneycontrol.com
Warren Buffett’s Berkshire Hathaway acquires Hartford UK variable annuity business
Columbia Insurance Company, a Berkshire Hathaway firm, has purchased Hartford Life International Limited (HLIL) in a transaction valued at approximately $285m.
Jim Rogers: I prefer silver because silver a cheaper investment
"At the moment I'm getting neither Gold nor Silver. But if I have to take a day I prefer Silver because silver a cheaper investment,"
Sunday, 15 December 2013
They Bravely Chickened Out
Earlier this week Congress tried to show that it is capable of tackling our chronic and dangerous debt problems. Despite the great fanfare I believe they have accomplished almost nothing. Supporters say that the budget truce created by Republican Representative Paul Ryan and Democratic Senator Patty Murray will provide the economy with badly needed certainty. But I think the only surety this feeble and fictitious deal offers is that Washington will never make any real moves to change the trajectory of our finances, and that future solutions will be forced on us by calamity rather than agreement.
Read more @ peterschiffbulletin
Water shortages a crucial issue in China: Jim Rogers
War, famine, civil war or recession can be overcome but drought cannot; people cannot build a society or a country without water, the investor said during an interview with the media.
Read more @ jimrogersbulletin
Saturday, 14 December 2013
Soros Soars Thanks To Sarepta Therapeutics and Towerstream Corporation
Today’s midday gainers are Sarepta Therapeutics Inc (NASDAQ:SRPT), Towerstream Corporation (NASDAQ:TWER), Icahn Enterprises LP (NASDAQ:IEP) and daily losers are IAMGOLD Corp (NYSE:IAG), Enphase Energy Inc (NASDAQ:ENPH), Turquoise Hill Resources Ltd (NYSE:TRQ).
Friday, 13 December 2013
BNSF CEO Rose shifts role, renewing Buffett succession talk
NEW YORK, Dec 11 (Reuters) - Berkshire Hathaway Inc's BNSF Railway Co has moved Chief Executive Matthew Rose to an executive chairman role, renewing speculation he might be in line to replace Warren Buffett at Berkshire's helm.
As executive chairman, Rose, 54, will work on organizational planning, market positioning and public policy at BNSF over the next decade, the company said on Wednesday.
Carl Ice, 57, will replace Rose as chief executive at the nation's largest railroad, starting on Jan. 1.
Read more @ warrenbuffettbulletinCan Mutual Funds Invest Like George Soros?
NEW YORK (TheStreet) -- George Soros and other star hedge fund managers famously made fortunes by betting on global trends. Global macro funds can range widely, holding foreign currencies one year and U.S. stocks the next. But the macro strategy is hard to execute, and not many managers have succeeded. Most mutual funds that have tried the macro game have failed and shut their doors. For mutual funds, the strategy is particularly difficult because managers cannot use the leverage that hedge funds employ.
Jim Rogers: "US Heading for Disaster. Be Prepared"
Read more @ jimrogersbulletin
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