$300- $400 earl…..no real need to look further into this article, but suit yourself.
Comments »Corn the next silver?
Comments »Kicking yourself for missing the boat on silver, but still hungry for something to sink your teeth into? Well, at least one adviser has entered the hallowed halls of Breakout to make the case for corn.
That’s right. The Reformed Broker Josh Brown says if the planets align correctly and a few other variables kick in, then the amazing beast that is corn could deliver another 60% upside. Now you’re all ears, aren’t you?
He says to forget the fact that corn has already doubled in the past year and is currently trading at record highs north of $7.60 per bushel. Instead, he suggests you look at a weather map showing a soggy middle America that’s home to a lean inventories and a small, wet and delayed crop.
Then spin the globe around, find China, and jot down the words “net importer” — and therein lies your formula for Brown’s prediction that corn could rally to $12.
Silver traded heavily over past few days
As most of you could have surmised yourselves, the volume of silver and silver contracts traded over the past few days has been some of the highest levels witnessed.
Over the past 48-72 hours, trading in SLV has overcome trading in SPDR.
Day traders “are going crazy,” says Joseph Saluzzi, co-head of trading at brokerage firm Themis Trading. “It’s typical of the bubbly speculation that’s been going on in silver.”
On Monday, trading in the silver ETF was especially heavy, as silver prices soared to new 31-year highs and approached $50 an ounce. Silver is up 46% this year, part of a nine-month rally. The heavy ETF trading continued on Tuesday, as silver prices retreated.
The volume traded of SLV on monday was around 189 million shares, a record to date. On Tuesday, 125 million shares traded hands.
Silver has been in a slide over the last few trading days, off from its 52 week high.
Comments »“Firming to Moderate”; Begs the Question of Double Dip
The FOMC changed their language on the economy from firming to moderate growth. This is a step backwards and one must now ask again if we are headed for a double dip ? This article came out this morning, but is appropriate given the FOMC statement.
Comments »Paul O’Neil: Republicans are like “Al-Qaeda Terrorists”
Grizzly Bear Rosenberg Turns Bullish
No Change in Interests Rates; Fed Plans To Keep Monetary Policy in Place
economic recovery in place and at a moderate pace,
inflation has picked up, but underlying prices subdued,
FOMC will keep a close eye on inflation,
labor market improving, unemployment still elevated,
will regularly review asset positions
voting was 10 to 0 on latest decision
rates will remain low for an extended period
noted higher increase in oil prices…..
Comments »Radiation Levels Rise To its Highest Point Since the Start of the Fukushima Disaster
Molycorp, MCP, Target Raised to $90 by Morgan Stanley
Research in Motion Scoops Up Social Calendaring App Company
“RIM has picked up another company today—social calendaring application Tungle.Me. The startup taps into your social graph and simplifies the process of finding and connecting with friends and colleagues.”
Comments »Second Oil Pipeline Attack in Egypt
Business as Usual: Financial Engineering
Controversial Powers
James Puplava: Inflation Disguises Economic Weakness; Flags Flying Over U.S. Stock Market
“Bert Dohmen– This week on the Financial Sense Newshour, Jim Puplava welcomes back Bert Dohmen of Dohmen Capital Research and the Wellington Letter. Bert is president and founder of Dohmen Capital Research Institute, Inc.(DCRI). He has achieved an international reputation for his expertise in forecasting the major investment markets, interest rates, and economic trends. Bert Dohmen is known as a Fed watcher and a contrarian. You may have seen him on Louis Rukeyser’s Wall Street Week, CNN’s Moneyline, or CNBC Financial News Network. He is frequently quoted in The Wall Street Journal, BARRON’S, Business Week, and other leading publications.
He was ranked one of the “Top Ten Stock Market Timers” (including a number one ranking.) Bert Dohmen’s Wellington Letter was rated #1 in the United States in a national survey by Futures magazine.
This week Bert speaks with Jim Puplava about how inflation disguises economic weakness and how the warning flags are flying over the stock market at current levels.”
Comments »Oil Subsidies Cut Could Raise Oil Prices
Oil companies get $4 billion plus in tax breaks or subsidies for capital equipment costs. Some argue these are depreciating asset write offs anyway so subsidies should be taken away.
Perhaps they can be given to startups and smaller companies while the majors or anyone cash flow positive not receive such breaks…..
Comments »Apple Will Correct Tracking Software; As it Tracked You Even When Shut Off
Apple blamed it on bugs…..those are some pretty smart bugs. Not only are bugs mistakes in programming, but now they organized to perform a task ?????
Comments »Sony Informs The Public 1 Week After The Fact That They Had the Largest Security Breach Ever
Hackers to blame to for the largest security breach ever. Seems as if most would be victims are in Australia.
Comments »Dollar Sinks to a 3 Year Low in Celebration of The Fed Meeting Today
Constant spending and debt monetization is killing our greenback. Washing out excess and mal-investment was always the American way. That is what made this country strong no ?
Comments »Upgrades and Downgrades This Morning
Upgrades
AMZN – Amazon.com target raised to $212 from $200 at The Benchmark Company – following earnings
TSM – Taiwan Semi added to Conviction Buy list at Goldman
WBSN – Websense target raised to $28 from $23 at Stifel Nicolaus
CRDN – Ceradyne target raised to $60 from $54 at Needham
JEC – Jacobs upgraded to Outperform from Market Perform at BMO Capital
IACI – InterActive target raised to $42 from $36 at Stifel Nicolaus
ILMN – Illumina target raised to $80 from $75 at Wedbush
SFSF – SuccessFactors target raised to $42 from $35 at Needham – following earnings
APKT – Acme Packet target raised to $82 at Needham
Downgrades
BRCM – Broadcom target lowered to $43 from $48 at Stifel Nicolaus
YOKU – Youku.com downgraded to Neutral from Buy at Goldman
MCP – Molycorp: Hearing downgraded at Gabelli
SMOD – Smart Modular Tech downgraded to Neutral at Wedbush
HXL – Hexcel downgraded to Neutral at Wedbush
EXM – Excel Maritime Carriers downgraded to Underperform from Hold at Jefferies
BWLD – Buffalo Wild Wings: Hearing downgraded at Raymond James
LXK – Lexmark downgraded to Hold at Brean Murray
LDK – LDK Solar target lowered to $21 from $23 at Needham – following lower guidance
Comments »Gapping Up and Down This Morning
Gapping Up
ERIC +10.4%, NOK +1.6%,TOT +1.5%, ILMN +1.3%, RCKY +2.1%, GSK +1.9%, CCL +1.7%, FORM +2.8%, MCP +2.7%, KEYN +9.9%, SEM +9.7%, KWR +4.8%, GFRE +4.1%, SIMG +4%, BWLD+3.8%, REGN +7.6%, EHTH +6.2%, RLOC +5.6%, CAP +3.1%, RGR +3.1%, PNRA +1.7%, UHS +1.7%,RDS.A +1.2%, SI +1.1%, BDX +1%
Gapping Down
BRCM -8.4%, MIPS -6.4%, DDIC -6.3%, ENTR -4.8%, STM -4%, HPP -3.5%, APKT -2.9%, EMKR -2.4%, SWK -1.7%, ASML -1.5%, RFMD -6.6%, LIFE -2.9%, IRBT -2.8%, SNE -2.7%, LDK -2.6%, ULTI -2.5%, AMZN -1.5%, RKT -1.4%, NBR -1%
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