The 10th Man: Mean Reversion Monkeys

By Jared Dillian The buzz has been building on this trade for weeks. Clients, friends, people on Twitter, everyone I know has been waiting for a chance to pick the bottom in oil.I’ve heard all this chatter on which triple-leveraged oil ETFs to use (I make a point of not knowing such things). They’ve been waiting for this opportunity since oil was at 80 bucks.Interestingly, they could have shorted it when it was at 80. Actually, they could have shorted it at 110. Or 100. Or 90. Or 80. Or 70. Or 60. Or 50. They could have shorted it at 50 and still made money. But they waited this entire time, watching passively as oil plummeted over 60%, to play a 10-point bounce over the course of a couple of days. Well, the mean reversion monkeys, as I call them, will tell you that they just made 20% in three days. Annualize … Continue reading

When Pro Players Fritter Away Millions

By Dennis Miller How is it possible for one man to burn through $400 million and wind up filing for bankruptcy, $27 million in the hole? Boxer Mike Tyson made it happen, and he’s in good company among professional athletes. Yet other professional athletes parlay their sizable earnings into nest eggs that grow and last. Why the two divergent paths? Today I’m speaking with Hank Sargent, who works at one of the top player agencies in the country to answer that very question. First, a bit of background is in order. Hank was my son’s roommate and teammate on a college national championship baseball team. While he never played professionally, he’s been involved in professional baseball for over 25 years. He’s also the only person I know with a World Series ring from an NCAA championship team and a major league baseball championship team. Now, let’s jump to it. Dennis Miller: Hank, will … Continue reading

Endeavour Mining | Major Insider Buying

February 2, 2015 By Dudley Pierce Baker http://CommonStockWarrants.com We are currently witnessing some major insider buying in Endeavour Mining which trades on the TSX under the symbol EDV and in the United States under the symbol, EDVVF, currently around C$0.62. I count a total of six (6) insiders buying shares in the open market since December 19, 2014, including the 4 insiders reporting below. Disclosure: I own shares in EDV and believe the shares can move to substantially higher prices (as do the insiders) especially with gold rising. Investors should always perform your own due diligence or consulting your financial adviser before buying or selling any shares. Most Recent News: Endeavour Mining produces 466,000 oz Au in 2014 Personally, I follow insider trading activity on hundreds of companies with a subscription to INKResearch.com and the following transactions on Endeavour Mining have just been reported. Dear Dudley Baker, Endeavour Mining Corporation (EDV) has the following … Continue reading

Brien Lundin Plays the M&A Game

Source: Brian Sylvester of The Gold Report  (1/28/15) Mining investors love to talk M&A. The speculation. The buzz. Goldcorp started tongues wagging recently when it made a CA$526 million offer for Probe Mines. Brien Lundin, publisher of Gold Newsletter, believes that deal could start the ball rolling on further M&A. He predicts that as gold flows west to east at an unprecedented rate, the gold price will ultimately come under pressure and carry equity prices dramatically higher in either 2015 or 2016. In this interview with The Gold Report, he suggests that prices have never been lower on some of the most likely names in the M&A game. The Gold Report: In mid-January the Chinese stock market plunged almost 10% and the world barely blinked. You spend a lot of time looking at China and how that market influences the gold price. What are your thoughts on China’s massive market correction as it pertains to gold? Brien … Continue reading

Socialism Is Like a Nude Beach—Sounds Like a Great Idea Until You Get There

By Jared Dillian  I’ve been following the activities of Syriza for a long time. They started putting up big numbers in the polls in Greece three or four years ago.Syriza has a message that’s very popular with Greeks: Screw Germany. The word they use to describe what’s happened to Greece during the period of time since the debt crisis is “humiliation.”To be fair, if you owe a lot of money to someone, it can be tempting to give them the finger. When Greece’s debt was restructured, it was done in such a fashion that none of the debt was really forgiven, but the maturities were extended far out in the future. Since Greece doesn’t grow (for structural, demographic, and cultural reasons), this is known as extend and pretend. Everyone knew, even back then, that the only hope Greece would have to avoid default would be whatever ability they had to refinance.Greece has … Continue reading

2015 Outlook: What You Really Need to Know

By Jeff Clark, Senior Precious Metals Analyst In the January issue of BIG GOLD, I interviewed 17 analysts, economists, and authors on what they expect for gold in 2015. Some of those included what we affectionately call our Casey Brain Trust—Doug Casey, Olivier Garret, Bud Conrad, David Galland, Marin Katusa, Louis James, and Terry Coxon. The issue was so popular that we decided to reprint this portion. I think you’ll find some very insightful and useful reading here (click on a link to read his bio)… Doug Casey, Chairman Jeff: The Fed and other central banks have kept the economy and markets propped up longer than you thought they could. Has the Fed succeeded in staving off crisis? Doug: I’m genuinely surprised things have held together over the last year. The trillions of currency units created since 2007 have mostly inflated financial assets, creating bubbles everywhere. There’s an excellent chance that the bubble … Continue reading

How to Run a Government for Dummies

February 2, 2015 Martin Armstrong COMMENT: My wife took our 4-year old Alex to the bank today to open a savings account for him with his piggy bank of about 10k baht ($333.00). The teller noticed he was half Thai and asked if he was American, to which she said he was both Thai and American. The teller: “We won’t open an account for him because we have to report him to the IRS.” So my wife said “open it as a trust account as a Thai citizen.” The teller: “Can’t do that. It’s evading U.S. regulations.” End result: Alex can’t open an account here. Amazing, simply amazing. REPLY: FATCA is the worst law perhaps in history. It is prejudicial to Americans and it is wiping out the world economy at an incredible speed. It is also forcing Americans to abandon international business and bring all money home even if … Continue reading

Join Our Team For Greater Gains

January 25, 2015 Dudley Pierce Baker   All of my subscribers are considered by me to be part of our team here at http://CommonStockWarrants.com. If any subscribers see something of interest in the stock warrant arena, I want to hear from you via email to support@commonstockwarrants.com, and indicate in the subject line: Feedback  As a subscriber, if you are great at technicals, charts, hedging strategies, timing the markets, etc., again, I want to hear from you. After feedback is received I may share content with other team members based upon my personal discretion. I believe that this new approach will be for the greater good as we are all in these markets together. To my current subscribers, I value your participation and support of our unique services, some of you for many, many years. If you are not a current subscriber I encourage you to join our team now. Not familar with stock warrants? Read my … Continue reading

Goldman’s 2015 forecast for gold

Steve Saville January 25, 2015 Goldman’s 2015 forecast for gold Early last year we gave banking behemoth Goldman Sachs (GS) credit for looking in the right direction for clues regarding gold’s likely performance, which is something that most gold bulls were not doing. In November we again gave them credit, because even though we doubted that the US$ gold price would get close to GS’s $1050/oz target their overall analysis had been more right than wrong. It was clear that up to that point the US economy had performed better than we had expected and roughly in line with the GS forecast, which was the main reason that gold had remained under pressure; albeit, not as much pressure as GS had anticipated. But that was last year. This year it’s a different story. This year, GS’s gold market analysis begins on the right track by stating that stronger US growth should … Continue reading

What the Strong Dollar Does to Yellow and Black Gold and Why We’re Seeing Green

Editors Note: This is still a very timely read based upon what has been since October 2014 to the price of the USD, gold and oil. October 20, 2014 Frank Holmes The United States is doing better than it has in years. Jobs growth is up, unemployment is down, our manufacturing sector carries the rest of the world on its shoulders like a wounded soldier and the World Economic Forum named the U.S. the third-most competitive nation, our highest ranking since before the recession. As heretical as it sounds, there’s a downside to America’s success, and that’s a stronger dollar. Although our currency has softened recently, it has put pressure on two commodities that we consider our lifeblood at U.S. Global Investors: gold and oil. It’s worth noting that we’ve been here before. In October 2011, a similar correction occurred in energy, commodities and resources stocks based on European and Chinese growth fears. But … Continue reading