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IMPORTANT --- Dow Theory Confirmation

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Posted by Richard Russell - Dow Theory Letters

on Sunday, 27 May 2012 12:56

On this Memorial Day Long Weekend Richard Russell has declared a Dow Theory Non-Confirmation and a Primary Bear Market.  He notes that the D-J industrial Average high of 13,279.32 on May 1, 2012 was not confirmed by the Transports, then when the two averages turned down and broke below their April lows "This action confirmed that a primary bear market is in progress -- it was a textbook bear signal."

Russell further thinks that the Bear Signal indicates that Greece will leave the Euro, then Spain, then whole Eurozone will likely crumble. Also that although Gold will probably be under pressure or awhile, a major bull market/move is to follow. 

what-is-a-bear-market-definition



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Personal Finance

Big Trouble Ahead

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Posted by Marting Armstrong - Armstrong Economics

on Wednesday, 23 May 2012 06:42

"They are coming to take your money away Ho Ho, Hee Hee, Hum Hum!"

I have been warning that government is getting VERY aggressive all because of the Sovereign Debt Crisis. I have warned that this problem CANNOT be solved in the manner in which they are pursuing – taxing everyone & everything. They are about to destroy the economy and we are headed toward a major period of authoritarianism. There is a steady flow of bills being introduced in Washington that are design to eliminate the Constitution all to save the Bureaucracy. They are going to make DWI a federal offense. Sure, drunk drivers are dangerous. The question becomes what is drunk? When there is money involved and profit for government, do not be foolish to really think they are doing anything for society. The kill switch on the Internet is to cut off the free press and to eliminate the right to assemble since they saw how the Arab youth used social media to organize their revolutions.  

Now on January 1st, 2013, the US government will be requiring everyone to have direct deposit for Social Security checks and pensions. Why? Well guess what.  There is another bill HR 4646 that will impose a 1% tax on ALL transactions in a bank account. This is not income. This is money flow - a 1% tax on all bank transactions which will include paychecks, retirement checks and Social Security checks. That will even include a 1% tax on your refund check from the IRS. They want direct deposit and eliminate “paper money” to enable them to now tax your cash flow regardless if you make money or not.  This bill was introduced by Representative Chaka Fattah (D-PA). They will tax everything before REFORM because this is all about retaining power. The next target 2016 is looking very grim indeed. Forget the gold standard. They want everything electronic and eliminate cash!

....read more about the Sovereign Debt Crisis by Martin Armstrong HERE

sovereign debt crisis countriesindangerzone



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Personal Finance

Global Insights - May 13th

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Posted by Kevin Konar

on Monday, 14 May 2012 14:05

Kevin Konar

»» Most equity markets traded lower for the second-straight week. European risks dominated investors’ attention.

»» For Greece, an "orderly exit" from the Eurozone is like an oxymoron (page 2).

»» While we’ve been quite cautious about Europe for a long time, some perspective is in order. (page 3)

»» Global Roundup: Updates from the U.S., Canada, Europe, and Asia. (pages 3-4)

Click Here to read the complete analysis



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Personal Finance

Buckle Up - New Highs in Vancouver, Toronto, Ottawa

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Posted by Canadian Housing Price Charts

on Monday, 14 May 2012 07:14

7519116 orig

The chart above shows the detached housing prices for Vancouver, Calgary, Edmonton, Toronto, Ottawa* and Montréal (*Ottawa are combined residential). In April 2012 urban flippers continued reeling in accommodating buyers who jumped at asking prices on detached dwellings pushing them to new record highs in Vancouver, Toronto and Ottawa on energetic sales in the east but divergent negative sales in Vancouver (Scorecard). Calgary and Edmonton held and added to their gains from last month but their peak prices happened years ago in the Spring and Summer of 2007 (Plunge-O-Meter). The 10yr less the 2yr spread continues to narrow (35th month since May 2009). The last time this happened, the 10yr less the 2yr spread narrowed from Spring 2004 to Summer 2007 (similar duration as now) which set up the 2007-2009 crash. It's an interesting comparison, buckle up.

All Data & Charts from Canadian Housing Price Charts



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Personal Finance

A Letter from Canada’s #1 Financial Talk Show Host

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Posted by Peter Grandich via Grandich.com

on Friday, 11 May 2012 02:33

I Really Don’t Want To Do This But It Could Really Improve Your Investment Returns - Michael Campbell via Money Talks

.....continued:

I hate getting junk mail so let me start by saying that if you’re not interested in taking advantage of the most successful investment strategy I personally use then don’t read another word – and please forgive the interruption.

If you are still reading then let me help you decide if what I am about to tell you is of interest to you. I am talking about a method I use regularly to increase the rate of return in the “solid growth and income” section of my portfolio. For example – and this is NOT a recommendation – if you wanted to increase the income from owning the Bank of Montreal common shares ($57), which currently pay a 4.8% dividend to something in the order of 8% then all you would have to do is to sell call options. At today’s prices you could sell someone the right to buy the stock from you at $60 any day until December 21, 2012. If they decide to buy it from you your annualized return would be over 15%. If they don’t buy it form you your annualized rate of return is 9% – with an opportunity to raise it further by selling another call option.

Sound confusing? Well that’s why I have agreed to do a workshop on the selling of put and call options. I don’t want to do it. It’s going to take a lot of work putting together a program that people will not only be able to understand but will also be able to implement immediately. And let me be clear, I have no problem whatsoever if you don’t want to come. I am doing this workshop to fulfill one of my own goals of doing whatever I can to help people to improve their investment performance and secure their financial future.

It kills me to talk to people or read their emails and know that they are not taking advantage of the most effective method I know to improve their investment returns. I am not talking about a short-term homerun strategy. I am talking about pushing your return up from that 2, 3, 4% range to something above 10% and more with the use of a lower risk strategy. And one I might add that the investment industry does a very poor job of utilizing.

By the way, selling calls as I have described above is only one of the strategies I’m going to explain. The other main strategy deals with selling put options with the goal of acquiring quality stocks at 10% or more below the current market price. Let me give you another quick example. Let’s say you were interested in buying gold by using the gold ETF, GLD, but you’re worried it’s going to drop further. Yet at the same time you think that over time gold is going up and you don’t want to miss the move. One way I have solved that dilemma personally – and made a lot of money – is to sell a put, which means I have sold someone the right to sell me GLD at a specific price for a specific time.

For example, as I write this GLD is selling at $1600. Right now I can sell someone the right to sell me GLD at $1600 any day up until January 18th next year and I will receive $102 per ounce. In other words if he sells me the gold my cost will be $1498 – and if he doesn’t sell it to me (because he could sell gold for more in the open market), then I keep the $102 per ounce he paid me. And I can sell another put.

Again, confusing? Well that’s why I am doing the workshop. It is a workshop that deals with improving the yield on stocks you already own and paying less for stocks you want to own. My bet is that after you attend you will say,  “why the hell didn’t someone tell me about this sooner.” In my opinion they should have but because way too many in the investment business don’t use these strategies I thought I’d better do something about it.

Don’t worry if you don’t have a clue about this stuff. The workshop is going to be split in two. I am going to start with a pre-workshop seminar to teach the basics of “put” and “call” options for people who aren’t familiar with options. We’ll take a break and then I’ll start with the main workshop detailing the strategies I personally use.

I want everyone to leave with a clear understanding and being able to immediately implement the strategies if they so chose.

Anyways, you can decide if this is for you. What I can tell you is that using puts and calls in the way I will be outlining has been my most effective strategy in this market for a number of years. I have done shockingly well with it.

I think it is ridiculous that in this market environment of extreme volatility and low interest rates that you don’t have every strategy available to help you succeed but that’s up to you. You can take a couple of hours to learn these strategies or not. I just wanted to do my job and make the information available. And I can honestly say, I can’t see myself doing this again.

I wish you all the best,

Michael Campbell

PS Originally High Performance Events were going to charge $295 – and to be honest I said that it was worth a heck of a lot more. I boasted to them that I could make that money back almost immediately but I also want to make it more affordable. So I ask them to see if they could get some sponsors to offset some of the costs. Plus we donate money to Special Olympics after every event I do.

So they went out and got Disnat, McLeod Williams, Kiska Metals and the Watermark at Sechelt on board, which enables us to offer the following ticket package.

Date: May 30 , 2012

Place: Sheraton Wall Centre Vancouver

Time: Per-Workshop Option Basics – 6:00 pm to 6:40 Options to Increase Your Investment Return Workshop  7:00 to 9:00 pm.

Price: $179 per ticket which includes :

•           3 free months free subscription to Money Talks exclusive Commentary  Service that features a weekly comment from Michael plus exclusive contributions from Martin Armstrong, Mark LeibovitSteve Briese, Bob Hoye, and Don Coxe.

•           Unlimited access to the video recording of the event, which enables you to review everything at your leisure. This will retail for $119 but is included with the ticket.

•           Plus we have arranged for follow-up seminars with Disnat further outlining how to use options. Complimentary for workshop attendees.

http://moneytalks.net/how-to-use-options-to-invest.html

Posted in All Posts by Peter Grandich.

MC



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