Gold bulls have to be concerned after this week’s poor performance by the yellow metal in the face of enormous gains for equities. Gold continues to make lower highs as it trends lower within a well defined downtrending channel as seen below: Click to enlarge While the daily chart certainly doesn’t look pretty, the long… Continue Reading

May the best of 2012 be the worst of 2013 2012 was both a challenging (to put it mildly) year for junior mining stocks and a great opportunity to pick up high-quality names at bargain prices. I hope you managed to take advantage of some of those sales. Sandstorm Gold, the first company that I… Continue Reading

Heirs of Mao’s Comrades Rise as New Capitalist Nobility. Bloomberg Who is the Canadian linked with 11 reverse-merger failures? Globe and Mail

Steven A. Cohen: A Fascination of Wall St., and Investigators. NYTimes Inside The Bank of England’s Bullion Vault. YouTube The Jim Cramer Of China. Businessweek

“What aspects of society can I bribe with promises to get myself power?” Rick Rule Audio. King World News Japan’s Shinzo Abe prepares to print money for the whole world. Telegraph

The Top Five Career Regrets. Harvard Business Review If you don’t know where you’re going, any road will take you there. ♫ Outrageous HSBC Settlement Proves the Drug War is a Joke. Rolling Stone China Had Its Best Day In Years Last Night. Business Insider The Dumbest Thing You’ll Hear All Day. Reformed Broker The transparent DealBook conference. Reuters … Continue Reading

Fed Expands Asset Buying, Links Rates to Joblessness, Prices. Bloomberg “One of the most mysterious market phenomena is momentum – the tendency for fast-rising stocks to keep going up. How come such an obvious market anomaly is not arbitraged away?” The financial system: Market failure. Economist “The Chinese are hardworking, literate, relatively obedient and totally obsessed… Continue Reading

Ambrose Evans-Pritchard: “We may find that the supercycle is still in rude good health next year as China cranks up construction again, and America turns the corner.” The world’s commodity supercycle is far from dead. Telegraph Josh Brown: “The stupidity of having such an obviously unbalanced economy is the more important discussion we should be having right now. The… Continue Reading

“We would urge you to keep faith.” A $10 Trillion Bet on China and India. HBR “Placement of op-eds is a standard part of the influence game, but it’s rare for readers ever to find out who is behind the curtain.” From Russia With PR. ProPublica Bond Investor Gundlach Buys Stocks, Sees ‘Kaboom’ Ahead. Bloomberg Will First Quantum launch… Continue Reading

“While the eurozone as a whole is roughly in trade balance, the EMU regime of austerity in the South without offsetting stimulus in the North is creating a contractinary bias, holding back global recovery.” Germany displaces China as US Treasury’s currency villain. Telegraph Gold Falls Just 1.3% Despite Massive, Odd 3.5 Million Ounce Sell Orders. ZeroHedge “Some people… Continue Reading

American financiers on the offer. Private-Equity Managers Make Moves as Tax Increases Near. Bloomberg Somali pirates buying condos? “When tremendous global wealth and economic uncertainty exist side by side, the remote nature of these markets is attractive to both illicit wealth and to rich buyers, many of whom favour authenticity and exclusivity over luxury and grandiosity.” The World’s Most… Continue Reading

Technical analysis is in the midst of a post-financial- crisis boomlet. Here’s a profile of one of its most successful proponents. DeMark Fibonacci Charts Embraced by Cohen Lure Investors. Bloomberg Unlike the other BRIC countries, which are overweighted in such areas as energy, mining and manufacturing, India’s economic diversity is its strength and gives it greater flexibility… Continue Reading

In Saint Barts in the French West Indies this morning. Jack Welch’s Unretirement. Businessweek See to believe. Feeding the Eagles: Incredible Pictures. Economic Intersect Idan Ofer may reap 15-times his investment in Israel Chemicals Ltd. (ICL) if a $13.5 billion takeover bid by Potash Corp. of Saskatchewan Inc., the world’s largest fertilizer maker, is approved by Israeli… Continue Reading

“The people’s memory is short.” Done Coxe Audio. KWN Soros Buying Gold as Record Prices Seen on Stimulus. Bloomberg Killing of a Top Magnate, Reportedly by His Brother, Stuns India. CNBC Words: Insouciance casual lack of concern; indifference : an impression of boyish insouciance. “I was a bit insouciant.” C. Black via Arts & Letters Daily… Continue Reading

Who’s Who in China’s New Communist Party Leadership Lineup. Bloomberg Ron Paul’s Farewell Speech. WaPo Can I call you Mel? Or is it Mr. Brooks? Vulture, Salon “Let me tell you this cute story. I had just met Alfred Hitchcock. I was really stunned. My God, he was a legend when I was just a… Continue Reading