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Jim Rogers: The Dangers of Making Money Fast and Too Much Debt

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Posted by Jim Rogers via Th Street

on Thursday, 20 October 2016 09:35

b354edb9-1142-11e6-b7ba-a718287d8381 600x400One of the most dangerous things an investor can do is to make money -- because of what he might do next.

And... it doesn't seem all the world's debt has been put to good use.

Those are two of the messages from legendary investor Jim Rogers

....the full interview HERE.

....also from Jim Rogers:

"Fed Pushing Us to Financial Catastrophe Worse Than 2008 SEPTEMBER 2016"

 



Personal Finance

10 Top Retirement Mistakes

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Posted by Brent Woyat, Canaccord Genuity

on Tuesday, 27 September 2016 11:46

brentw1These days, planning for retirement isn’t just a luxury. It’s a necessity. Retirement has become too complex to just pick a day and stop showing up to work. And it’s more than complex—retirement is also expensive. You have to factor in expenses, taxes, and other spending. There are many ways to pay for it, but which ways are the best ways? How much do you need to save, and how should you invest?

CLICK HERE to read the complete article



Personal Finance

The World’s Safest Banks, plus … The World’s Greatest Threats

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Posted by Martin D. Weiss PH.D

on Thursday, 08 September 2016 07:12

In response to the dire state of Italy’s largest banks, the question is “What are the top 5 biggest and safest banks in the world?”

Here are the global banks with assets of $4 billion or more that earn our highest Weiss Safety Ratings:

Screen Shot 2016-09-08 at 7.11.40 AM

Or, if you prefer banks that are even larger ($200 billion or more in assets), our Weiss Safety Ratings are a tad lower, but still in the “excellent” category:

Screen Shot 2016-09-08 at 7.11.54 AM

Want to restrict your banking to U.S. institutions? No problem. We have recently released our Weiss Safety Ratings for the highest-rated largest banks in the U.S. based on their financial data of June 30, 2016:

Screen Shot 2016-09-08 at 7.12.09 AM

....to read the entire article go HERE



Personal Finance

David Morgan Urges Investors to Obtain REAL Money outside the Banking System Immediately

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Posted by SilverSeek.com

on Wednesday, 07 September 2016 08:16

David Morgan tells us how long he thinks the correction in the metals will last, why he believes this November’s election is less important than you might think and also talks about a key event coming up that could put a lot of pressure on the U.S. dollar - M/T Ed

youtube-thumbnail-davidmorgan

Listen to the Podcast Audio: Click Here

Mike Gleason: It is my privilege now to be joined by our good friend David Morgan of The Morgan Report. David, I hope you've been having a good summer and welcome back. It's always a pleasure to talk to you.

David Morgan: Thank you very much, and yes, I have been having a wonderful summer. Thank you.

Mike Gleason: Well, as we begin here, David, please give us your thoughts on the recent pullback in the metals. We've maybe been overdue for a correction for a while now. I know in following your work, you've been calling for one, and we're getting it here. And after a fantastic first six or seven months of the year for gold and silver, we're finally starting to see some real selling pressure emerge. What is your take… what have you noticed during this mini-correction, and what are some of the reasons for the pullback?

David Morgan: Well, I'll start with the reasons. In any market, even in a non-manipulated market, which there is probably none. The stock market, bond market, metals markets, futures markets, options… just about everything out there is geared and leveraged and pretty much manipulated by the trading algorithms, and other means, but regardless of that, all markets move up and down. Nothing goes straight up or straight down, and so there are periods where there's profit-taking, there's periods where there's consolidation, that type of thing. So regardless of manipulated or not, all markets ebb and flow.

So the metals markets are no different in that aspect. What we saw in the silver market was over the last two months' time frame, we peaked out in the spot month around the $20.50 area a couple times, and now we've dropped as far as about $18.50, so we've had about a $2 drop over the last couple of months. Specifically, the most recent drop's really over a one month period. I want to be correct on that.

The idea that I've had is similar to many others, and we're kind of overdue for correction as you stated, Mike. So this is actually a healthy thing. The metals stocks certainly have leveraged both directions, so anybody that's invested in the resource sector, particularly gold and silver stocks, is going to see a multiple percentage-wise on the drop. And some of these stocks actually gave us a clue that the consolidation or the correction was coming, because some of these sold off before the metals actually had started to sell off. What's interesting, Mike, is that the selloff, even though it's been a fairly good drop, $2 on a $20 commodity, you're looking at about 12% or so, hasn't dropped the commitment of traders… or the open interest, I should say, on the commitment of traders… very much, which means that the bulls and bears are still pretty equal. There's still a very strongly held commitments to the silver and gold paper paradigm that futures markets more than I would've seen in a very, very long time for this kind of a price drop.

So let me restate that. The $2 drop in silver and a correspondingly percentage-wise drop in gold, normally, you would see a pretty good sell off in the open interest. In other words, the shorts would be winning the battle. That is not what I'm seeing at this point in time. We could see something different after the Labor Day holiday. I'm not sure, but right now, these metals for the whole year, and even during this correction, are acting extremely strong.

Mike Gleason: So in your view, it sounds like the correction might not be terribly long lasting. Is that what I'm hearing?



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Personal Finance

Denier Pride

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Posted by Bob Hoye - Institutional Advisors

on Friday, 22 July 2016 07:18

1425043199966455469It wasn't until a couple of years ago that the full meaning of today's usage of the term "Denier" got through to me. Of course, the Left's connotation has been the accusation that anyone who would deny catastrophic anthropogenic global warming would also deny the Nazi holocaust.

This is just plain nasty, and unsupportable.

Political Correctness is the most versatile authoritarian dogma ever invented. There is no limit to its intrusion. Anything the Left does not approve or like can be condemned. Imposition of power does not depend upon any rigid concepts in political or religious theories.

Skepticism has been the foundation of science and the Left condemns it as "denial".

Anything old is revised, anything new is attacked. As the saying goes, "Orwell was right but got the date wrong".

Some Earth-scientists would respond to the fervent message about Global Warming with "It's been warming since the end of the last Ice Age. What's your problem?" Finding this dismaying, climate politicians shifted over to Climate Change. Any weird weather could be blamed upon modern industrial life. The new original sin.

In today's world, trying to control people through concepts of ethics or morality won't advance your career. Being on the correct side of anything will advance your career.

The best definition of an authoritarian system is by modern physicist, Murray Gell-Mann:



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