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Thursday, 5 December 2013
Marc Faber : Gold Demand from China would actually increase and not decrease
Read more: http://etfdailynews.com/2013/12/04/marc-faber-world-bankers-are-going-to-bankrupt-the-world/
Lander College For Women Graduate Receives $90,000 Soros Fellowship
Lichtenstein graduated in 2003 from Lander College for Women-The Anna Ruth and Mark Hasten School (LCW) and later taught four courses at LCW, including Modern Jewish Thought and Selected Topics in Chasidim and the Mitnagdim. The child of Israeli immigrants who were children of Holocaust survivors, she grew up in Brooklyn steeped in the tradition of Gerer Chasidim. She had a powerful role model for scholarship and leadership in her mother, Ruth Lichtenstein.
Source: http://www.jewocity.com/blog/lander-college-for-women-graduate-receives-90000-soros-fellowship/10394
Jim Rogers on Bitcoins: I Don`t Understand Them
Wednesday, 4 December 2013
Marc Faber: Not a good time to Buy Stocks
“I’m afraid that nothing is safe anymore,” but commented that, “The safety is in diversification.” He went on to warn that, “It’s not a good time to buy stocks.”
On what’s ahead for the markets and the economy:
“I just want to warn your listeners it’s not a good time to buy stocks. Maybe you make another 5% or another 10% but the big move, the market from the lows in March 2009, is up almost 3 times.”
On the go-to assets where people can protect value in their portfolios:
“I’m afraid that nothing is safe anymore because if you are in cash maybe it will be appropriated or as you know we have zero interest rates and we have lost the purchasing power of paper money. You can buy a Picasso but who knows what the value of it will be in five years time. The safety is in diversification….I think the precious metals is the one sector in the market that is very depressed. We’ve had a huge correction, we might go down somewhat more but - compared to say stocks where the sentiment is very optimistic – the sentiment on precious metals is extremely pessimistic. Everyone thinks it will go down further, it may still go down somewhat but I think that people should own some gold in their asset allocation, they should own some real estate but not all of it in the U.S., they should diversify.”
“I just want to warn your listeners it’s not a good time to buy stocks. Maybe you make another 5% or another 10% but the big move, the market from the lows in March 2009, is up almost 3 times.”
On the go-to assets where people can protect value in their portfolios:
“I’m afraid that nothing is safe anymore because if you are in cash maybe it will be appropriated or as you know we have zero interest rates and we have lost the purchasing power of paper money. You can buy a Picasso but who knows what the value of it will be in five years time. The safety is in diversification….I think the precious metals is the one sector in the market that is very depressed. We’ve had a huge correction, we might go down somewhat more but - compared to say stocks where the sentiment is very optimistic – the sentiment on precious metals is extremely pessimistic. Everyone thinks it will go down further, it may still go down somewhat but I think that people should own some gold in their asset allocation, they should own some real estate but not all of it in the U.S., they should diversify.”
Source : FOX BUSINESS NETWORK
Soros Starts the Week Strong with Clear Channel Surge
Soros wins with Clear Channel Today’s midday gainer is Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), as the advertising company shot up +10.51% to $9.78. Billionaire George Soros holds 1.8 million shares (0.37% of his fund), acquired for $7.82. Ray Dalio owns 50,000 CCO shares, representing 0.01% of his holdings. The investor paid an average price of $7.75.
Read more :http://www.valuewalk.com/2013/12/soros-starts-week-strong-clear-channel-surge/
Jim Rogers : Commodities Slide Temporary
“Commodities have pulled back but I would remind you that in all bull markets there are periods of correction. In 1987, during the great bull market in stocks, stocks went down 40 to 80 per cent around the world, again in 1989, 1990, 1994, etc, ‘’ he said in an interview with Lang & O’Leary Exchange.
“Every time people said the bull market’s over, but it wasn’t. I think that’s what ‘s happening with commodities now.” in CBC
Read more : http://www.cbc.ca/news/business/mining-sector-faces-rising-costs-uncertain-demand-1.2449324
Monday, 2 December 2013
Soros Fund Management Teva Investment
“It just makes sense to want to own Teva, certainly at this price level,” Jason Kolbert, an analyst at Maxim Group LLC in New York, said in a phone interview on Nov. 26. “Value buyers are really saying that the stock is oversold. That’s the nature of the conversations that I’ve had with the institutions that are calling me.”
Source : http://www.bloomberg.com/news/2013-11-30/teva-s-woes-disregarded-as-shares-rally-israel-overnight.html
Jim Rogers: Abolish The “Incompetent” US Federal Reserve
Legendary investment guru Jim Rogers not only thinks Federal Reserve policy is incompetent, he thinks the entire institution should be abolished.
When asked recently what he’d do if he was named chairman of the central bank, Rogers said, “I would abolish the Federal Reserve, and then I would resign.”
The world has survived just fine without central banks for most of its history, he noted.
“America has had 3 central banks in its history. The first two disappeared,” Mr.Rogers said.
“This one will too, because they keep . . . leveraging up the balance sheet. They keep making mistake after mistake. They keep printing money.”
The result?
“This is going to self-destruct, unless the politicians say this thing is a mistake, let’s get rid of it,” Mr. Rogers said. “It’s more likely, though, that it will self-destruct.”
When it comes to stocks, which are trading at or near record highs, “we’re certainly going to have a crash someday — all this artificial sea of liquidity,” he said.
But while a major pullback or correction could come soon, Mr.Rogers does not see an imminent deep dive. “With all the money printing and spending in the world, this could go on for a while,” he said.
Sunday, 1 December 2013
Berkshire Hathaway Boosts Stakes in U.S. Bancorp, BNY Mellon
Warren Buffett's Berkshire Hathaway increased its stakes in U.S. Bancorp (USB) and Bank of New York Mellon (BK) during the second quarter.
The conglomerate disclosed in a regulatory filing that it bought roughly 840,000 shares of U.S. Bancorp's stock, raising its stake in the Minneapolis company to 4.3%. Berkshire Hathaway also bought about 9,000 shares in Bank of New York Mellon, boosting its stake to 2.2%.
Unpredictable risks caused 2008 economic crisis, says Soros at Budapest CEU
The Hungarian-born businessman launched the Hungarian edition of his latest book The Soros Lectures at the Central European University, where he is honorary chairman of the board.
The book presents his general theory of reflexivity and the concept of open society.
Source :http://www.politics.hu/20131128/unpredictable-risks-caused-2008-economic-crisis-says-soros-at-budapest-ceu/
Saturday, 30 November 2013
RICI Rogers commodity index cuts 2014 US crude weighting
US natural gas production is also expected to rise next year, although gas prices have been trending higher lately due to cold weather in key consuming regions of the country.
RICI's weighting for the West Texas Intermediate (WTI) crude, the benchmark grade for US oil, will be cut by 5 percent next year to 16 percent, according to Beeland Interests, Inc, the Rogers-controlled company that runs the index.
Source: http://www.brecorder.com/fuel-a-energy/193/1259881/
United Kingdom: Historic Perspective
Friday, 29 November 2013
Marc Faber : In India you either get a Strong Currency and a weak Stock Market or a Weak Currency and the Strong Stock Market
Thursday, 28 November 2013
George Soros Invested in Dry Ships and Diana Shipping, but Should You?
George Soros' investment firm recently purchased 590,278 shares of DryShips and 77,942 shares of Diana Shipping . That comes out to a $1.8 million stake in DryShips and an $841,000 stake in Diana Shipping. Soros' firm currently manages right around $6.8 billion spread across 2,333 holdings, so these additions are a very small portion of the total portfolio. The firm also owns small positions in Navios Maritime Holdings and Navios Partners.
Whether it's Soros himself or his fund managers, it appears his company is making a small bet on the dry bulk shipping sector, with DryShips and Diana Shipping leading the pack. So just what would motivate Soros to invest in this sector?
Some history on Soros' motivations for speculating
Looking at Soros' biography in Money Masters of Our Time by John Train, Soros is known as a speculator by nature, with an ability to trade in and out of positions quickly using margin debt. His strategy revolves around three main points, according to Train:
Looking at Soros' biography in Money Masters of Our Time by John Train, Soros is known as a speculator by nature, with an ability to trade in and out of positions quickly using margin debt. His strategy revolves around three main points, according to Train:
- Start small, and then if things work out, build the position bigger.
- He doesn't need to know everything about a particular investment, just enough to have an edge on the market.
- He has to correctly judge the risk inherent in a position the moment it's established.
Jim Rogers : The Fed will self-destruct
Read more at : http://countingpips.com/forex-news/2013/11/fundamentals-rendered-irrelevant-fed-actions-probability-based-option-trading/
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