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10 Bargain Energy Stocks You Can Buy Cheaper Than Insiders Did PDF Print E-mail
Written by Canada Stock Channel   
Thursday, 10 July 2014 08:30
(1) EQT Corp. (NYSE:EQT) triggered: 07/07/2014

EQT conducts its business through two business segments. The EQT Production segment includes Co.'s exploration for, and development and production of, natural gas, natural gas liquids and crude oil in the Appalachian Basin. The EQT Midstream segment's operations include the natural gas gathering, transportation, storage and marketing activities of Co., including ownership and operation of EQT Midstream Partners, LP. Co.'s produced natural gas is sold to marketers, utilities and industrial customers in the Appalachian Basin and a gas processor in Kentucky and West Virginia. At Dec 31 2013, Co. had total proved reserves of 8.35 trillion cubic feet of natural gas and natural gas liquids.

EQT — last trade: $105.75 — Recent Insider Buys:

EQTL2

EQT

Read full article in a new window: EQT Trading Below Director's Recent Buy Price

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Observations and say no to drugs and junk bonds PDF Print E-mail
Written by Peter Grandich   
Thursday, 10 July 2014 07:29

 

As troubles intensify both here and abroad, America’s worse President in decades (polls), if not ever (my opinion), fiddles - actually shoots pool and has a beer. Even the left and hard left are turning on him while the “Don’t Worry, Be Happy” crowd have a huge challenge ahead on spinning Obama’s horrific leadership into a good thing for equities.
Meanwhile, an ever-increasing number of bearish fundamental and technical factors scream B-E-A-R-I-S-H for the general equities market.
I think the time has come to play the short side in junk bonds (The happy people like to call them “high-yield bonds). The spread between them and Treasuries has shrunk to near record lows (guess when last seen- 2007). This is not investment advice but an ETF I like to use as a barometer to this thought is ProShares Short High Yield SJB $27.70 Two other speculative ways would be to sell short shares of two popular long junk bond ETFS – HYG and JNK on NYSE. If “I” was long any type of junk (high-yield), I be running to the exit.
Gold and silver continue to perform well. As previously noted, first challenge for gold is around $1,340, then $1,400 is very big. Watch a wise-a$$ financial show host try to rip gold while a very good analogy of gold and silver is given by his guest (and concluded what I’ve been saying).
And finally if there isn’t enough to worry about (so if you feel upside down soon you’ll know why-lol).

 
Turk: Bursting Money Bubble Could Inflate Gold to $12.000 PDF Print E-mail
Written by James Turk Interviewed by Hard Assets Investor   
Thursday, 10 July 2014 03:46

James Turk's “The Coming Collapse of the Dollar,”  released in Dec 2004 recommended buying gold & betting against the housing bubble. Clearly, if not the best investment ideas of the last 10 years, they have to be darn close.

sdfIn this article Turk goes over the key ideas in his latest book “The Money Bubble: What To Do Before It Pops."

James Turk is the founder of GoldMoney.com, a European-based precious metals firm that presently safeguards $1.5 billion of precious metals assets owned by customer - Editor Money Talks

....click HERE or the following title to read: Turk: Bursting Money Bubble Could Inflate Gold to $12.000

 
Planning for Future Rate Hikes: What Can History Tell Us that the Fed Won’t? PDF Print E-mail
Written by FF Wiley via Financial Sense   
Wednesday, 09 July 2014 22:27

 stands to reason that when the Fed eventually lifts interest rates, we’ll see the usual effects. After a sustained rise in rates, you can safely bet on:

  1. Fixed investment and business earnings dropping sharply
  2. GDP growth following investment and earnings lower
  3. Many people losing their jobs
  4. Risky assets performing poorly

These consequences follow not only from the arithmetic of debt service and present value calculations, but also from the mood swinging psychology of entrepreneurs, lenders and investors.

Yet, policy economists claim that interest rates can be “normalized” at no cost.

For example, while speaking last week about the fed funds rate, St. Louis Fed President James Bullard said the economy was strong enough to “tolerate at least a little bit of the central bank getting back to a more normal stance.”

And how should we interpret “a little bit”?

According to FOMC projections, a little bit of normalization gets underway sometime next year and then leads to a steady pace of policy adjustments that doesn’t stop until the fed funds rate reaches almost 4%. These projections are accompanied by predictions for an improving economy as policy tightens.

Escape Velocity or Escape From Reality?

The FOMC simply doesn’t acknowledge the time-tested effects of rising interest rates noted above. Instead, central bankers argue that today’s monetary stimulus will produce such economic vitality that there’s no sting in tomorrow’s tightening. In other words, they forecast an “escape velocity” where the economy is presumed immune to monetary restraint.

But is there any basis for their beliefs in the economy’s actual workings?

Or, is escape velocity merely a convenient story for central bankers predisposed towards easy money and short-term thinking?

We’ve argued that the Fed’s current policymakers have exactly this predisposition, and that there’s no such thing as escape velocity. We’ve also shared historical evidence supporting our views – in “M.C. Escher and the Impossibility of the Establishment Economic View,” for example – and take another look at history in this post.

Our analysis starts with a breakdown of interest rate changes over all 4 and 8 quarter periods since 1955:

01-summary-interest-rate-changes

We then review economic outcomes conditioned on the rate buckets above, recording the median outcome for each bucket. In most cases, we compare interest rate changes to outcomes for subsequent (lagged) 4 and 8 quarter periods.

(See this technical notes post for further detail. Also, look for a future follow-up post where we’ll contrast the history shown below to the Fed’s forecasts.)

Here are the results for fixed investment, corporate earnings, GDP and unemployment:

02-interest-rate-hikes-fixed-investment

 

03-corporate-earnings

 

04-leading-slower-gdp-growth

 

05-higher-unemployment-rates

 

And here are charts showing the effects of changing interest rates on stock and house prices:

06-stocks-weaken-after-rate-hikes

Click Chart Below For Larger Image

rate-hikes-stocks

 

 

08-house-prices-higher-rates

Now, many readers will surely dismiss these results by insisting that “this time is different.” We beg to differ. By our estimates, the economy and financial markets are as vulnerable to higher rates as they’ve ever been. Here are a few reasons:

  1. The present expansion is weaker than any other post-World War 2 expansion, suggesting that it won’t take much of a slowdown to push the economy into recession.
  2. Monetary policy has been exceptionally loose for longer than ever before, allowing financial markets more time to become overpriced and complacent.
  3. There are many more risk-takers in the global economy who’ve learned how to exploit cheap dollar policies than there were in, say, 1955, the start of the period shown in the charts.
  4. Most importantly, aggregate debt is at or near record levels, not only in the U.S. but also in other large economies.

Bottom line

Our conclusion is to reject forecasts calling for the economy to power right through interest rate hikes without stumbling. A more likely scenario is that policy “normalization” leads us directly into the next bust. Alternatively, the Fed might abort its planned rate hikes, allowing economic and financial market imbalances to continue growing. Either way, we can expect recurring booms and busts until our monetary approach is rebuilt on stronger policy principles.

Related

 

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Peter Schiff - Gold’s 2014 Half-Time Report PDF Print E-mail
Written by Peter Schiff - Euro Pacific Metals   
Wednesday, 09 July 2014 15:39

In the first edition of the new Gold Videocast, Peter delivers his verdict on the gold market for the first half of 2014, analyzes Janet Yellen’s performance so far as Fed Chair, and makes some contrarian forecasts for the rest of the year. - Posted on July 9, 2014 on Peter's Blog HERE - Ed Money Talks

1:00 – Gold’s rise has confounded Wall Street banks that advised their clients to sell in expectation of a big correction.

1:40 – Even though the financial media has focused on the Dow breaking 17,000, gold has actually outperformed the Dow this year.

2:10 – Mainstream forecasters have bought into the narrative of a genuine US economic recovery and the ability of the Fed to effectively withdraw its monetary stimulus. In fact, the economy is not recovering and will relapse into recession, perhaps beginning in the second half of 2014.

3:17 – The price of gold is putting in a bottom, supported by the mining stocks. They led the market down in 2013, and are now leading it up.

4:15 – There is going to be a short squeeze as gold sellers try to buy back their positions when they realize the economy is not recovering.

5:30 – Even though the Fed’s own inflation measure has passed its target of 2%, Janet Yellen continues to claim inflation is under control.

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

 
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Mark Leibovit
23 July 2014 ~ Michael Campbell's Commentary Service

We intruded on Mark Leibovit's summer break and asked him for...   Read more...

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