Many of the World’s Best Investors Made Their Fortunes This Way…And You Can Too

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Many of the World’s Best Investors Made Their Fortunes This Way…And You Can Too By Justin Spittler Editor’s note: Today and tomorrow, we’re stepping away from our usual market commentary to share a very important idea with you… Below, you’ll read our interview with Nick Giambruno, editor of Crisis Investing. In it, Nick breaks down his successful investing system—what he calls “the most powerful wealth building secret in investing.” You can start putting this strategy to work yourself by joining Nick’s service (more details at the end of today’s piece)… J. Spittler, editor of Casey Daily Dispatch: Nick, your advisory is called Crisis Investing. Could you explain what “crisis investing” is? Nick Giambruno: Crisis investing is basically buying elite companies in beaten-up countries or industries. When there’s a crisis, most people only see danger. But it’s actually an opportunity. A crisis often allows you to buy a dollar’s worth of … Continue reading

These Crisis Markets Are Primed to Deliver Big Gains

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These Crisis Markets Are Primed to Deliver Big Gains By Justin Spittler Editor’s note: Today, we’re continuing our conversation with Crisis Investing editor Nick Giambruno. Yesterday, Nick explained the ins and outs of crisis investing…and what he looks for in a good crisis investment. In part two, Nick shares two key markets he’s keeping an eye on today… J. Spittler, editor of The Daily Dispatch: What are some of your most successful crisis investments? Nick Giambruno: In 2013, the tiny European island of Cyprus had a banking crisis. Its stock market plunged 98%. It was one of the most significant financial crises in recent memory. So Doug Casey and I packed our suitcases and boarded a plane for Cyprus. We put our “boots to the ground” and looked through the rubble for incredible bargains. At the time, there were sound, productive, and well-run businesses in Cyprus making money and paying … Continue reading

Oil Climbs over $50: Can Investors Bank on a Recovery?

The price of a barrel of oil has almost doubled from its low of $28 at the start of the year, prompting speculation that a recovery is underway, which may result in the revival of companies in the exploration, production and services sectors that have foundered since prices collapsed in 2015. According to news reports published today (Thursday, May 26), the pop above $50/bbl can be attributed to a drop in supply. The U.S. Energy Information Administration’s “Summary of Weekly Petroleum Data for the Week Ending May 20, 2016” notes that “U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.2 million barrels from the previous week.” Since breaking the mark the price has sunk below the $50 level, but hovers in the vicinity, as it has for the past few weeks. Reuters reports neither Brent nor WTI has topped $50 per barrel since fall … Continue reading

A New Golden Bull or Has the Market Gone Too Far Too Fast?

Precious metals expert Michael Ballanger discusses how investors should interpret the recent shifts in gold and silver “market techtonics.” As we move rapidly through the spring of 2016 and with summer less than a month away, I thought it would be a good time to revisit the main markets that dwell on my financial radar screen (gold, silver, gold and silver equities, and the S&P 500) because there has been a fairly sizable shift in market tectonics, particularly in gold and perhaps more ominously in silver over the past month. Call it deterioration in momentum or correction; the NYSE.Arca Gold BUGS Index (HUI) is off 10% from its top at 236.23. I am almost afraid to mention the term Commitment of Traders or the word Commercials because everyone from Dennis Gartman to “kitchen chair financial planners” have now become “COT experts,” pointing fingers and resurrecting archived blog posts from the … Continue reading

Fed Raising Interest Rates in June? Marc Faber Says No, Is Bullish on Gold and Oil Stocks

Marc Faber, editor of the Gloom, Boom & Doom Report, is bullish on gold and oil and gas stocks. Given the abundant speculation about the Federal Reserve and interest rates, Marc Faber told CNBC last week he believes the Fed is closely watching the market reaction to its intimations it may raise rates in June. If the market reacts very negatively, it could hold off raising rates, while a relatively stable market could signal the OK to the Fed to raise the rate by a quarter-point. Generally, higher interest rates support a higher U.S. dollar and weaken demand for gold as gold does not pay any interest. However, Faber says he believes that the Fed will not raise interest rates next month. “My view is that in June, they [the Fed] will not move; they will not increase rates,” Faber stated. “The market will begin to perceive that the Fed … Continue reading

Perfect Timing: Amarillo Gold Achieves Key Milestone in Rising Gold Market

Marc Davis of BNWNews profiles Amarillo Gold, a company that is finally poised to capitalize on a resurgent gold market. It’s Buddy Doyle’s day of reckoning—finally. At last, he knows that his big gamble is going to pay off. His small gold exploration and development company, Amarillo Gold Corp. (AGC:TSX.V), just got preliminary approval to build a gold mine in Brazil. This now sets the stage for the construction of a mine, which requires one more permit. In other words, Amarillo Gold is finally poised to capitalize on a resurgent gold market. For Doyle, this milestone development isn’t just about technically derisking a gold project that he’s been developing for over a decade. It’s also a triumph of the “quality over quantity” mindset that motivates him. Such thinking makes him something of a contrarian in the gold exploration business. Most geologists are obsessed with so-called “elephant hunting,” which involves trying … Continue reading

Ares-American Capital Merger Positive for Long-Term Investors

Investment adviser Adrian Day discusses the merger announced today between Ares Capital and American Capital. This morning came the announcement that two of the Business Development Companies on our list would merge. Ares Capital Corp. (ARCC:NASDAQ, 14.66) will buy American Capital Ltd. (ACAS:NASDAQ, 15.70). Ares will pay $6.41 in cash plus 0.483 of a share for each share of American Capital. In addition, American Capital Agency Corp. (a separate public company) will purchase its external manager, American Capital Mortgage Management, LLC (part of ACAS) for an additional $2.45 per share. Modest price paid. . . As is usual after such acquisitions, the acquirer’s stock price fell, with Ares down $0.51 in the morning (while American Capital’s rose). At the current price of Ares, the transaction is worth $15.94. On Friday’s closing prices, the premium was a tad over 10%. The transaction price is disappointing, given that Ares is buying American … Continue reading

How to Take Advantage of Multi-Week Correction in Gold and Silver

Technical analyst Jack Chan finds gold stocks are on a short-term sell signal and reveals an excellent entry point. Gold stocks remain on short-term sell signal, and if we are in a bull market, prices should find support at the 200ema (exponential moving average), which may be an excellent entry. There is a divergence in place, and as we have often observed, such divergence can lead to a multi-week correction. iShares Silver Trust (SLV): We are short from 16.25 with stop now at break even for a free trade at worst. Summary We took a short position on SLV and will look for more set ups in the sector to take advantage of a multi-week correction now in progress. Jack Chan is the editor of Simply Profits, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past … Continue reading

Foreign Real Estate Is the New Swiss Bank Account

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Foreign Real Estate Is the New Swiss Bank Account By Nick Giambruno Financial privacy is dead. You should assume that, sooner or later, all the details of your financial life will land in a government computer—if they haven’t already—and plan accordingly. A record of pretty much every penny you earn, save and spend is permanently stored somewhere. And the government could retrieve that information if it wanted to. It’s not a comfortable or happy thought. Knowing you’re financially naked and exposed to an insolvent government hungry for revenue might make you feel like you just ate rat poison for lunch. But don’t try to illegally hide your income or skirt reporting requirements. It’s a fool’s errand. The draconian penalties make the cost/benefit analysis easy…don’t even think about it. An Inescapable Global Dragnet The U.S. can access information about any account virtually anywhere. The Foreign Account Tax Compliance Act (FATCA) is … Continue reading

Jim Rogers On “Buying Panic”

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Weekend Edition: Jim Rogers on “Buying Panic” By Justin Spittler Editor’s note: Successful crisis investing boils down to one skill. The ability to go against the crowd to buy beaten-down assets that have been left for dead. Few people know as much about this subject as Jim Rogers. Jim is a legendary investor and a true “international man.” He has earned millions investing in crisis markets. In the interview below, Crisis Investing editor Nick Giambruno speaks with Jim about this idea. It’s a fascinating discussion we think you’ll enjoy… Nick Giambruno: Thanks for joining us today, Jim. First off, tell us what you think it means to be a successful contrarian and how that relates to investing in crisis markets throughout the world. Jim Rogers: Well, there are two aspects of it. One is being a trader, being able to buy panic, and nearly always if you are a trader or an … Continue reading