The gold stocks are back!
The gold stocks are back!
After some trying times, the gold stocks are making a major rally… and if you've been considering making a move into these companies, I'd tell you right now: Do it fast.
Because it looks like with 0.25% interest on bank inter-lending - 0% interest on T-bills - people are going to be flocking into real investments like gold en masse...
With gold prices on the rise recently, you might argue that they've already begun their migration.
And while many of our favorite picks � like Kinross Gold and Agnico-Eagle Mines � were down substantially over the last few months, I still consider companies like these the star performers in the mining sector � and exceptional values right now...
...especially at these deep discount prices:
Kinross Gold (KGC) - This company is currently off about $8 from its 12-month high… but it's still is one of the great work horses of the BIG GOLD stocks… that will come through again… Right now - this stalwart stock has already bounced back over 12 dollars from its recent low of $6.85... and is a steal at about $19.00 a share.
AGNICO EAGLE MINES - (AEM) is off almost $30 from its 52-week high… but right now at around $54.00, it's up over 100% from its lows... and is still a screaming bargain at this point in the game.
YAMANA GOLD � (AUY) has almost tripled in value since its November low… but at $9+, it's trading at less than half the price of its 52-week high.
Why gold stocks are rallying � and will continue to for some time.
There are a lot of reasons why I feel gold stocks are coming on strong... and that this rally is the beginning of a major swing back. But here are my top 5 reasons:
The price of gold is strong and has just topped $900 dollars again… consistent with the way gold should be behaving in the midst of all the market mayhem. And it's been out-performing the S&P. Take a look at this chart:
Outrageous government spending is flooding the world with trillions of dollars that didn't exist a year ago. And when the deflation ends, hyper-inflation is going to begin � and come crashing in like an enraged rhinoceros. When that happens, gold will catapult to new heights � and the gold stocks will soon follow.
As gold goes up, the market's been down… and the gold stocks may finally be decoupling from the general market. As this happens, if you're invested in these stocks, you'll enjoy a ride like never before… gold stocks have traditionally out-paced gold by 4-to-1, or more. And we could easily see that happening again.
Demand for gold is at an all-time high around the world � and there's no way to artificially grow the supply of gold. Gold isn't like currency � it can't be created out of thin air. You have to dig it up and refine it. And the large cap mining companies are the best at getting the stuff out of the ground to meet growing global demand.
As gold rallies back, large institutional investors and hedge funds will be looking to re-establish their positions in gold stocks � and they'll be doing it at bargain basement prices. Once this migration back into gold begins, you can expect to see an even bigger run-up in the gold producers.
So let me ask you a question…
When do you want to be buying gold stocks?
Before the large institutional investors move back into the sector and drive the price up again?
Or after the prices are off the charts and through the roof?
Naturally you want to get in before the prices go up.
Unfortunately, many investors will do the opposite. They'll sit it out until the prices are sky-high � and then they'll buy.
Why? Because average investors are herd animals. They want in when everyone else is in, and they want out when everyone else wants out.
This is why average investors lose money time and time again in the market. They follow the herd, and not their heads.
Which kind of investor do you want to be?
If you're looking for reliable, consistent and realistic recommendations for the best plays in the gold market… right now… there has never been a better time to discover BIG GOLD � the newsletter from Casey Research.
We launched BIG GOLD in April of 2007, to give you a place you can turn every month to find the latest trends and the smartest gold picks.
Casey Research has been discovering and recommending the best -performing, fastest-moving, smartest, and shrewdest plays in the natural resources marketplace since 1979.
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Concise and fast-reading analysis of the economic forces driving today's accelerating gold prices.
In-depth investigations into the world's leading gold mining companies... proven companies with developed, producing, or near-producing deposits.
PLUS... an insider's perspective on the best ways to assemble a precious metals portfolio and squeeze out risk.
Which stocks you should buy right now
Which stocks to sell ahead of the crowd... and when
Which gold stocks to avoid... and why
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Welcome to Planet Death Star
Down, down, down they go. But are stocks cheap as we begin the first week of March? "They are cheap looking back," says our friend Eric Fry in California, "but they still might be VERY expensive looking forward."
Ah yes, the future. What does it hold? Well, apparently more lay-offs and CEO pay raises. Judging by Sol Trujillo's $20 million goodbye handshake and the actions of the board at Pacific Brands (giving themselves raises while sacking workers) it looks like there are some people out there doing their level best to run the good name of their corporation into the ground.
Don't they know that's bad for business?
Kevin Rudd is headed over to America this month to speak with Barrack Obama about climate change, the global financial system, and other ways to save the world and improve on human nature. Perhaps he might ask him if America's US$1.75 trillion annual deficit for next year should cause global investors to worry about America's credit quality.
Again from Eric, "The cost of buying a five-year credit default swap (CDS) to insure against the possible default of U.S. Treasury bonds reached 100 basis points for the first time yesterday. In English, the price of insuring $10,000,000 worth of Treasury bonds for five years now costs $100,000 ― up from just $5,000 one year ago."
We've said before it's nearly impossible to default on your debt when you can print the money to pay it back. But what this normally does is send interest rates up on new short-term borrowing, of which there is a lot lately in America.
Keep in mind, the Obama budget includes about US$3.5 trillion in Federal spending, much of it to be financed with short-term borrowing. In fact, this week the U.S. Treasury is selling $94 billion in debt. The Treasury is even bringing an old-friend back from the dead. The seven-year Treasury note (which had been discontinued in 1993) will be reissued beginning with an auction of $22 billion worth today.
Can you see how government borrowing needs begin to crowd out lending to the private sector? Can you see also how we are speeding into an era where more of national cash flows are redirected to central governments for redistribution and/or the service of interest payments to foreign lenders? Can you see how directing national cash flow toward wealth re-distribution does not lead to more capital formation and wealth generation?
Ron Paul is still the only man in Washington who can see all this. He made a great point the other day that no one wanted to listen to. "Credit is not capital," he told Ben Bernanke. You can't recapitalise the banking system by printing new money or extending credit.
Credit comes from available savings. That's why a high savings rate is essential the formation of future capital. We're not making it up. It's even the first sentence of the Treasury White Paper on the Capital Assistance Program.
"The financial system plays the critical role of channeling funds from savers in the economy to the investors with the ideas and ability to turn those funds into productive economic resources," the paper begins. This is exactly how recessions prepare the way for the future boom. As households reduce consumption they increase savings.
Banks can become solvent again by retaining earnings (cutting dividends like ANZ did earlier this week) and increasing their depository base (and, of course, writing down bad investments and making more prudent loans). Or, the bad banks go belly up and the good banks are able to come in and scoop up the remaining assets.
Losers fail. Winners win. Or, as Rothbard puts it, an increase in savings reflects an increased desire for cash from consumers. This is actually good for banks in the long run. But we won't run on and on about it below, although we've provided a fuller quotation for you below.
Incidentally, as we expected a couple of weeks ago, the gold price (in U.S. and Aussie dollars) has given up some of its ground after streaking ahead. But we wouldn't be too worried.
One last quote for the day from Eric Fry on the matter, "The credit crisis does not study technical charts or read investor sentiment indicators. It does what it does. And what the credit crisis does best is destroy credit-based enterprises...and reward the buyers of non- credit-based assets like gold."
Enough with Top Stocks Already
Dow got you down? Well it probably has a lot farther to go, even if there are rallies.
It's getting harder and harder to make a buck with "buy and hold"…but who says that buying and holding stocks is the only way to make money or the best?
You could average gains of 104% ― without owning a single stock ― but to find out how, you're going to have to read on…
I'll never forget what my dad told me on that cool autumn walk in 1976.
I was young and hardly knew anything about money... but it didn't matter. The secret was just that simple.
In easy, gentle words, he told me the secret that eventually could have made as much as $1 million in just five years. And nearly $2 million in under 10 years...
You could do that, he told me, without "buy and hold"... without waiting for the stock market to "wake up."
Years later, I saw his private method make vast sums of lasting wealth without buying a single stock.
That's why he called it the "Zero Stock Solution." And he taught it to me, all those years ago, on that brisk afternoon.
I had no idea how earth shattering his "Zero Stock" secret was until many, many years later.
But really, who would believe you could make multiple millions in the market without touching one share of the best stock?
Especially since he told me that you could fully harness the "Zero Stock Solution" to do it in ― get this ― about three minutes a day.
If this was a "job," it'd have hourly wage of about $10,400 an hour!
So you can see why I was skeptical... until I saw it work for myself.
The success I've found from dad's advice has shielded my family from great financial misfortune, and given us a life more comfortable than I'd ever dreamed of.
It can do the same for you, too. And I'll tell you how...
The A-Crowd Comes Out For Nate Lowman
Be the Next to Book 190% Profit From 2009 Stock Market
These past few days have been amazing for options guru Steve Sarnoff. His most recent alert just landed in my inbox on Thursday. It was an update to a trade that triggered on Feb. 23. As it turns out, his readers had the chance to net 190% in 10 days — in a falling market!
His e-mails are short and to the point — and most importantly, they can be very profitable. To learn how you can get on Steve's e-mail list, just read below. I wouldn't want you to miss his next buy recommendation that could net you triple-digit gains…
Today, you have an exclusive chance to grab six free months of Agora Financial's best performing options research service.
That's a $500 value you can have for nothing.
But only for an extremely short time.
And if access to this generations-old profit key doesn't give you a chance for six money-multipliers in six months, you won't pay a dime. More on that guarantee in a moment...
Since we don't have much time, let's get right down to the details of this options service and how it's performed over the past nine years.
How $5,000 Could Turn Into as Much as $1.89 Million in Less Than 10 Years
In late 1999, Steve Sarnoff, a veteran options researcher, took over Options Hotline from his father, Paul.
Paul was the undisputed master when it came to turning options plays into triple-digit gains. Over the course of two decades, Steve learned everything he could from his dad... and picked up a few tricks of his own along the way.
And now, in less than ten years, Steve has amassed an unbelievable million-dollar track record.
Now, how is it that Steve can claim such a stellar achievement? Simple. He finds money-multipliers month after month. We calculate Steve's previous track record based on the highest point each of his actionable recommendations hits after he alerts his readers. Steve recommends opening positions and gives a general strategy to help readers determine a good closing point, but readers must use their own judgment in exiting a position. Here's the complete breakdown:
If you had plugged $5,000 into Steve's first play in 1999 and stuck with the service until now, putting $5,000 into each consecutive play and riding each one to its highest possible point, you could have turned those original $5,000 trades into $1,898,052 in pure profits in just under ten years.
Since it's up to readers to decide when to sell and it's tough to get out at the highest possible exit price, most readers will likely log sell prices shy of these recorded highest possible gains.
But even if you were to do only half as well... $949,026 —or $260 per day — still isn't bad!
And those stellar numbers become even more shocking when you realize that it takes only 5 minutes per day to use Options Hotline...
Where else could you "work" for five minutes per day and have the potential to reach almost $200,000 per year in return?
With Steve, you can have the opportunity to chase that kind of profit by playing an average of only 33 trades per year. You've seen the long-term track record — and you might wonder how Steve's done lately...
Over the past 2 ½ years, Steve's had a simply astonishing run. Every single one of the triggered picks he's made since Nov. 12, 2006, has either been a winner or broken even at some point after its recommendation and before its expiration.
That's right — no losers in our track record for 2 ½ years!!
I bet you won't find a better record in the entire world of financial publishing.
But let's drill down to some recent specifics... Here are a few highs reached by Steve's recommendations in the past year:
And as I said, Steve can achieve such amazing feats because we calculate his previous track record based on the highest point an option has reached after its recommendation.
So if Steve recommends the Barrick February $50 put, we'll track it until it reaches its highest point before expiration (Jan. 18, 2008) and note a 176% highest potential gain on the play. Since it's up to you to decide when to sell, you will most likely log sell prices shy of these recorded highest possible gains. But even if you do only half as well... an 88% gain on this Caterpillar play still isn't bad!
Steve's previous consistent delivery of triple-digit plays allows me to promise you that Steve will send you six plays in the next six months that will see their value AT LEAST double at some point after their recommendation and before their expiration.
And remember, if you're not 100% satisfied, you can ask for and receive every penny of your subscription fee back.
Speaking of plays that double or more, it gets really interesting when you consider the average gain over Steve's entire career...
How Would You Like to Have an Average of Double-Your-Money Gains on Every Single Trade?
Don't settle for the puny returns of the stock market. You can enjoy 10 times the gains...even more...simply by buying just one option trade per week.
Steve's Average Gain, Broken Down by Year:
That's triple-digit, double-your-money averages on every play since Steve started in late 1999!
Compare that with the return of the S&P 500 over the past 12 months: 38%
*Occasionally, Steve makes a recommendation that moves out of range before it is published. In those rare cases, when recommendations are not "triggered," we exclude them from his track record. This service recommends opening positions and gives a general strategy to help readers determine a good closing point. The size of the potential gain is calculated using the highest possible exit point that option reached after the buy recommendation was issued.
**Gains and losses calculated based on a $5,000 initial investment in each play.
Can you imagine raking in an average of 108% on every single trade?
You'd turn $1,000 into $2,080...$5,000 would become $10,400...And in a short time frame
Steve's track record speaks for itself. Great in the long run. Great in the short run. Delivering the opportunity for well over a million bucks in gains and giving you the chance to double your money on every play.
As you might imagine, Steve's happy subscribers have something to say too:
And as you'll see in a moment, Steve's plays rake in such large gains because he follows a strict, yet simple three-point system.
His system can turn out winners in an up or down market... his system involves only one play per week... and his system shoots only for plays that have the potential to AT LEAST double your money.
But before we look at the system, let's take a quick, specific look at one recent play...
In November 2006, Steve sent out this clear recommendation to his readers: "Buy the Bristol-Myers Squibb March 2007 $25 call for $115 or less."
As you probably know, a call option goes up in price if the best stock it's based on goes up. It's really that simple.
But the great thing about options is that the option shoots up far, far higher than the best stock does. That way, you can apply Super Leverage to a stock's move with options, greatly increasing your profit potential.
"Just how much profit potential?" you may ask...
Take a look. Here's what happened with Bristol-Myers Squibb after Steve's specific recommendation:
How to Grab 300% in Just Two Months:
There you have it. A high of 300% in just two months. That's enough to turn $5,000 into $15,000 in pure profits in practically no time at all. Now you see how Steve gives his readers the opportunity to make a great deal of money very quickly...
That terrific track record is precisely why I'm prepared to offer you a chance to join Options Hotline for the lowest price ever offered
One year of Options Hotline costs $995. But for a very short time, you can join for only $495. That's more than a 50% discount, saving you $500 — and essentially giving you six months free.
On top of that, you can try Steve's plays at no risk for over half a year.
That guarantee still stands, too: If we don't record at least six plays that double at some point after their recommendation and before their expiration, you can call for a complete refund.
It's really that simple. Six plays, each rising at least 100% during the next six months, totaling 600% in recorded gains in our track record or your money back. Every nickel of it. All you have to do is ask.
But naturally, there's one catch.
Now that you understand the special deal available to you, let's quickly discuss Steve's strategy for pumping out such consistent and large gains...
Introducing Steve's Three-Part Proprietary System to Show You Double-Your-Money Gains:
Steve's Proprietary Secret #1:"Recommend Only Plays That Have a Good Chance of Doubling"
Steve sends his readers only plays that he feels have a chance to double — or more.
If he digs up something that promises to go up only 15% or 25%, he ignores that play and looks for something else.
Now, a gain is a gain. And Steve sees nothing wrong with double-digit gainers. It's just that he feels that the risk in playing options is justified only if your potential gain is in the triple digits or higher. The upside must clearly crush the downside.
He calls this focus on making at least 100% per play "Super Leverage." You saw how Super Leverage works in that Bristol-Myers play that pumped a 9.8% gain in the best stock into a massive 300% gain in Steve's recommended options play.
Here's another example of Super Leverage in action, this time with put options that go up in value as the stock's price goes down:
That UPS option could have pulled in 1,011% for readers who followed Steve's buy recommendation and managed to sell at the highest point the option reached after recommendation.
Can you imagine making more than 10 times your money on a single play? $5,000 would turn into $50,550! That's the power of Super Leverage.
And Super Leverage has been pretty kind to Steve's readers. Since 1999, he's pumped out 112 plays that topped out at a maximum of 100% or more.
So you've seen the power of Super Leverage and how Steve used it to produce an average maximum gain of 108% over ten years.
Since Steve recommends opening positions and gives a general strategy to help readers determine a good closing point, you always decide when you want to sell. That puts risk management back between you and your broker, where it belongs.
That long-term consistency is why I'm completely comfortable guaranteeing your money back if we don't hand you six doublers in six months based on the highest point each play reaches after it is recommended and before it expires — 600% recorded in total gains in our track record — and I'm also comfortable giving you six of those months for FREE.
After all, with results like that, I'm pretty sure you'll stick with Steve's Options Hotline. That's why I'm taking on such a risk in giving you six free months... but as I said, you've only got an extremely short period of time to grab your no-risk gift...
Now let's look at the second Proprietary Secret he uses in Options Hotline.
Steve's Proprietary Secret #2: "Recommend Plays That Go up Even When the Market Goes Down"
Another great advantage of Steve's system is that it can make huge options gains whether the market goes up or down.
You don't have to worry about the uncontrollable macro outlook on the markets or the management and earnings of a specific company. Your only concern is simple: making gains in any type of market. You have the opportunity to make gains no matter what the market itself decides to do.
You saw this above with that UPS play that turned a 13.7% drop in the best stock into a 1,011% gain in the puts Steve recommended. By following his buy recommendation and riding it all the way to the top, you could've turned $5,000 into $50,550 on that play.
Here are some more examples of maximum potential gains from an individual stock's falling price:
1,202% on GM puts
257% on Newmont Mining puts
210% on FedEx puts
168% on Caterpillar puts
87.5% on eBay puts
55% on Ingersoll-Rand puts
52% on Texas Instruments puts.
And here are some puts on entire stock indexes that profit when the general market goes down:
189%, 45% on S&P index puts
253%, 25%, 135% on Dow Jones index puts
335%, 258%, 54%, 50% on long-term bond index puts
27% on Nasdaq index puts.
This way, you can take advantage of every move — up or down. And you could still take outsized triple-digit profits in a market downturn.
And finally, let's go over Steve's third Secret:
Steve's Proprietary Secret #3:"Be Consistent: Recommend Only One Play per Week"
This one's pretty simple — but it's also important.
Steve constantly scans each one of the nearly 15,000 top stocks on the U.S. markets all week long. He cranks away, batting around the numbers and boiling down the massive list of top stocks and indexes to a short list of the ones that seem poised to make a strong move up or down.
Then, he takes this short list and applies his Super Leverage Secret to each possibility...cutting the list down until he has one single opportunity that he thinks will double or better.
So from the entire universe of stocks and indexes — and options you can play on them — Steve drills down to just one pick per week. He then sends you an e-mail on Sunday night telling you exactly what the play is. That way, you have the time to look it over and place the order before the market opens on Monday morning.
Consistent, Hefty Gains Over the Long Term: Options Hotline's Performance Laid out Year by Year
Before we finish up, let's see just how Steve's three Proprietary Secrets have performed over his entire eight-year-plus tenure with Options Hotline.
*Occasionally, Steve makes a recommendation that moves out of range before it is published. In those rare cases, when recommendations are not "triggered," we exclude them from his track record. This service recommends opening positions and gives a general strategy to help readers determine a good closing point. The size of the potential gain is calculated using the highest possible exit point that option reached after the buy recommendation was issued.
**Gains and losses calculated based on a $5,000 initial investment in each play.
Wouldn't you like to grab some of those gains for yourself? You can! And it's easy. One recommendation per week, one call to your broker on Monday morning, and then just 5 minutes per day tracking your positions. You could be on your way to seeing possible 600% growth in just six months...
Let's get down to the details of what you'll receive with your free six-month membership to Options Hotline:
Options Hotline Delivered Sunday Night via E-Mail
This is the very heart of Steve's service, when he sends you his specific play for the week. Your one- or two-page Options Hotline Alert is delivered Sunday evening in plenty of time for you to read it, digest the information, and phone your broker first thing Monday morning.
You'll find Steve's recommendation of the week, written out exactly in words you can say to your broker, to ensure accuracy. You'll also get his "behind the scenes" thinking about why he believes this recommendation is a potential double- or triple-digit winner and a brief overview of what's going on in the stock market.
Steve gives a general strategy to help you determine a good closing point, but it's up to you to decide when to sell after you take your personal situation into account.
He'll also review the status of all open positions.
Midweek Updates on Open Positions
Since options can move fast, Steve also offers midweek update Alerts so you can review again where you are on all of your open positions. He'll talk about the direction of the option price, the underlying stock price, resistance and support levels (concepts thoroughly explained in your TWO FREE BONUS REPORTS), and where Steve sees it all trending.
Frequent Recommendation Update Alerts on Fast-Moving Options
Sometimes, underlying stock prices and options are moving so fast you need an instant Alert. In this case, Steve will send you a very brief "heads-up" on a stock so you don't miss the move. This Alert is sent "as needed," so I can't tell you how frequent they may be.
But these Alerts are another layer of information to help you make your most profitable selling decisions.
Important Bonus! Exclusive Free 24/7 Access to the Subscribers-Only Web Site
You get unlimited access to the Options Hotline Web site 24 hours a day, every day. This password-protected members-only access is FREE with your subscription. Here you can download the latest recommendations, midweek updates, and frequent Alerts.
You can also review Steve's past recommendations. Plus, you'll have online access to a wealth of information about options and options trading, from a comprehensive glossary of terms to special bonus reports and FAQs.
It's a valuable offer that can put you on the road to the next million dollars in profit. Look what Options Hotline has done for Randy Norton: "My first trade made me $6,540 in profits. You are the first newsletter I have tried out of hundreds that actually delivers what it promises."
Subscribe now and I'll also give you...
Two BONUS GIFTS That Are Your Crash Course on Options!
In addition to the comprehensive source of information you will find on our subscribers-only Web site, I'm offering you three FREE handbooks that will help you use the Options Hotline research service to its fullest. Separately, each handbook will give you a working knowledge of trading options, but together, they're the perfect crash course on options.
Start your options education today with these easy-to-read guidebooks, written in everyday English, so you're up to speed on options in no time:
1. The Options Buyer's Handbook
Click the subscribe button below to join and download this FREE handbook immediately. Inside its pages, you'll discover just what you need to know about buying options. Learn the basics of options, how they work, when to buy and sell, and what it all means in this informative handbook... FREE and instantly available with your subscription.
2. Secrets of a Master Trader: Tips and Strategies for Making a Fortune in Options
The secret to winning at options is to keep playing. Options are not like the lottery or the luck of the draw (especially since Steve is telling you what to buy each week). To really succeed, you need a plan of action. And Secrets of a Master Trader is your playbook. It contains the secrets of two of the best options analysts the business has ever known...options genius Paul Sarnoff and options expert Steve Sarnoff.
3. The Options Hall of Fame
Of course, there's no better way to learn something than by doing it yourself. Second only to that is seeing what others have done in the past. And this is exactly what you'll find in this third FREE gift report.
I'll walk you through some of the biggest and best options plays ever made. Together, we'll take them apart, down to the nuts and bolts. Then I'll show you how they work by putting everything back together, step by step. You'll see unmistakable patterns of profit.
You can't get secrets like this at any bookstore or Web site or "learn to trade options" weekend seminar. They're reserved only for subscribers to Options Hotline. You'll receive these exclusive Secrets via e-mail the moment I hear from you.
Please don't pass up this chance to profit on the unlimited potential (but limited risk) of options trading with your subscription to Options Hotline.
How could you pass that up? Especially when you can get the first six months of your membership 100% FREE, my compliments. That's a gift to you worth $500.
And you're guaranteed to receive your money back if we don't log at least six plays in our track record that go up at least 100% at some point after their recommendation and before their expiration in your first six months.
I take on all the risk — and I feel comfortable doing that as I look at Steve's incredible long-term track record.
And you have another level of protection. For the first 30 days of your membership, if you're not completely satisfied with Options Hotline, you can simply contact me and ask for a complete refund for your entire subscription cost. FOR ANY REASON.
That's right... even if every play Steve sends you more than doubles... for the first 30 days you can ask for your money back, no questions asked. That way you're doubly protected.
So if you want a chance to hit the next million-dollar milestone... if you want to join a research service that averages over 100% per play... if you want the opportunity to see as much as six figures in profits per year... now's your time.
Your special offer to get six months free expires right soon.
After that, the price for one year of Steve's plays will nearly double.
A Broken Down Stock Market
The Dow ended yesterday's trading at 7,114. Before this correction is over, it will trade below 5,000. That has been our prediction for the last 10 years. Maybe we were a little early. But we're sticking with it.
Besides, top stocks have been a bad bet for the last 12 years. They're now back to '97 levels...meaning, investors have made nothing for a dozen years. Stocks for the long run? How long do you have to wait?
And now, the stock market is breaking down...again. Dow Theory has given a Bear Market Signal. What that means, exactly, we don't know. Top stocks will go down until they stop going down, we guess.
Citigroup is moving "closer to toast," the New York Times reports. The market cap of Citigroup has fallen by more than 50% since Monday. "I think it is going down," writes old friend Jim Davidson. "My best guess, it will be nationalized...on a 'temporary' basis."
Many are the economists urging the government to nationalize the big banks. People need confidence in the banking system, they say, or we'll all be toast.
Among the big names in favor of nationalization is Nouriel Roubini, one of the few economists who seemed to know what was going on. He saw the crisis coming and said so. Now, he's practically a media star.
Of course, we saw the crisis coming too...here at The Daily Reckoning. We said something too... But we're still waiting for the press to call...just so we can hang up on them. The worst thing that can happen in this trade is success. It makes you think you know what you're talking about. The next thing you know, you're giving advice to central bankers and major corporations. Then, the gods get their backs up. Everyone starts believing what you say...even you.
If we were in charge, we'd get out the toaster. But nobody asks our opinion. And it's probably a good thing. Because when people come to think what you think, what you all think is probably wrong. At least, that's the way it tends to work in the financial markets. As soon as everyone gets on to a trend, it is soon over. Back when the going was good, for example, everyone thought it would be good forever. Naturally, it stopped being so good soon after.
Now, what does everyone think? Hard to say. We read the headlines and try to figure it out.
"In Gold We Trust," says a headline at the Wall Street Journal. Gold fell back below $1,000 yesterday. The yellow metal seems very popular. Maybe too popular. But does everyone think gold is going up? We hope not; if they did, we'd have to sell.
Still, most people still think gold is a little kooky...the kind of stuff that grumpy old men bury in their back yards. And most professionals, too, still think gold is weird - an investment for grandpas. 'Worried about inflation?' they ask. Then, solving their own problem: 'Just buy TIPS. You know, government bonds indexed for inflation. You'll collect some interest...and you'll be protected against inflation. These bonds are indexed to the CPI.'
TIPS are cheap. That is, you don't give up much yield to get the inflation protection. But if investors can get protection from inflation for only, say, 1% of yield...what does that tell us? Well, it tells us that investors think the rate of inflation over the next 10 years - TIPS are equivalent to 10-year notes - will be only about 1% per year.
People don't call an exterminator when they have no pests. Gold is protection against inflation. They don't usually buy gold when they don't fear inflation. The TIPS premium - the extra that investors pay (or the yield that the give up) - is so low, it tells us that investors aren't afraid of inflation.
What are they afraid of then? Why is gold going up? What is it that everyone thinks?
Our guess is that people don't know what to think. Some - and only some - are hedging their bets by buying gold. Something funny is going on, they must think. They don't know exactly what it is, but they're sure it won't end well. They buy gold...just in case.
We continue to hold gold because we know it is the ultimate store of wealth... Think about it this way. No paper currency has ever stood the test of time. They've all eventually become worthless pieces of paper. But gold has not, and will not. This is why it is the ultimate hedge against inflation...against uncertainty in the markets...and is the anti-paper. This is why we hold it...and why you should do the same. Find out how you can get the precious metal for just a penny per ounce. See here.
So, the major trends continue. Top stocks go down. Gold goes up.
*** The S&P 500 took quite a beating last week. After breaking through near-term support at in the 804 area - the bottom of the market's intermediate trading range - stocks market are now poised to test November lows at 741 on the S&P. But Easy Money Options' Wayne Burritt thinks, if history is any guide, that the market may be poised for a bull run.
"The recent technical action is shaping up much like the market's recovery after the dot-com fiasco. Back then, the S&P tested the 769 to 789 level three times in the eight-month period between July 2002 and March 2003. Each time the levels held and after the third was over, the market commenced a spectacular bull run.
"In fact, from its jump-off point of 783 in March 2003, the market didn't stop until it reached 1576 in October 2007. That's a staggering 101% gain in just over four years.
"Today, the markets are wrestling with similar lows in the 741 area. It made its first test in November and succeeded. It's now in the midst of a second test. If my thinking is right, it will test that low, recover and then test it once again. After the third, a new bull run could be in the cards."
Wayne does admit that the fundamental pressures of today are much worse than following the dotcom bust...and that means the market bias going forward is certainly to the downside.
However, Wayne has his sights set on a handful of companies that are prepared to move up - no matter what the broader market does. See here for all the details.
*** Looks like Paul Volcker is channeling Gloria Gaynor...
Volcker, former head of the Fed and hero of the inflation fight of the '80s, says of capitalism: 'I will survive, I will survive.'
We did not read Mr. Volcker's speech. But we can imagine it. Capitalism, in its various forms, has been around for a long, long time. It is unlikely to go away, simply because everything else is a fraud and a scam.
What a delight to see Mr. Volcker rise to defend capitalism. The old creed needs a lift. Every crackpot and malcontent on the planet is gunning for it - including Danny Ortega, here in Nicaragua.
What is capitalism, after all? It is not a system...not a plan...not a program. It was not decreed by any half-wit tyrant...nor written into law by any earnest assembly. It has no constitution...and no boundaries. It is merely a recognition of basic principles. 'Thou shalt not steal,' it says in the Bible. Capitalism recognizes other peoples' property. The baker has a right to his oven. The farmer has a right to his land. The capitalist has a right to his money. What they do with these things is up to them.
Will they make mistakes? Of course they will. Will they do evil and obnoxious things? No doubt about it. Will they occasionally lose their heads and overprice their assets...or run the whole economy into too much debt...or blow themselves up in a bubble? You bet.
As Adam Smith described, they will also bumble along to create the wealth of nations.
But larceny wasn't invented in the 21st century either. Naturally, people want what the capitalists have. Everywhere and always, the thieves will find reasons why they should be able to take it from them. They will respect the environment better, they say. They will invest in 'socially responsible' projects, they claim. They will heal the lame and make the blind see. If only they get their hands on your money!
Here at The Daily Reckoning, we don't particularly like capitalism or capitalists. We just don't like anyone telling us what to do. So, doing unto others as we would have them do unto us, we make no effort to tell others what to do with their money. If they want to give it to Bernie Madoff or to Barack Obama, so be it - just count us out. If they want to invest in CDOs and MBDs...well, good luck to them; but don't look to us to bail them out.
*** "Danny Ortega is not really the person making the decisions down here," explained a Nicaraguan friend. "It's his wife. And she's a witch."
We thought she was expressing an opinion. Instead, she was merely stating a fact.
"No, she's a real witch. She even organized an international witch convention here in Nicaragua. Witches from all over the world came to participate. You should see her. She wears rings on all her fingers. Each one is supposed to be a talisman of some sort. You have to watch out, or she'll put a curse on you.
"Naturally, the whole country is a mess. These people have no idea what they are doing. But they are convinced that capitalism is bad. So they try to stop it. What that means in practice is that they make it very hard to invest in Nicaragua. Just look around. Do you see any new factories? Any new roads? Any new developments of any sort?
"Well, maybe out here at the beach, where rich foreigners are building houses. But the rest of the country has come to a standstill. Of course it has, because who wants to invest in a country run by a witch?"
*** "It's the same down here as everywhere else," explained a developer in Nicaragua. "During the boom, people were creating new developments everywhere. Most of them got to the advanced design stage. Lots were laid out and sold. But the infrastructure was never completed. Now, a lot of those places are just closing down. It's not a good time for us.
"But I just think it is a lull. Over the long haul, Americans will still want a nice place to retire. And Danny Ortega should be gone - I hope - in a few years. There's no prettier or nicer place in the Northern Hemisphere. The coast is beautiful. The beaches are nearly perfect. And the prices are still very low compared to other beach areas. When the economy picks up, this place will come back to life and people will begin building again. It's not like Detroit. That city will probably never come back to life."
China's New Money Migration
They poured by the tens of millions from China's small towns into its cities...
Now, with economic growth hitting the skids, throngs of laborers are heading back to their native provinces and villages, taking the attention of marketers with them.
January 2009's Lunar New Year holiday saw a steady stream of denizens heading home for the only break they usually get all year. The fast pace and hard work of eastern cities like Beijing and Shanghai are grueling, as even visitors can attest.
But this year more migrants booked one-way tickets out of town, knowing that dwindling consumption in the U.S. and other rich countries could pull the rug out from under China's millennial manufacturing juggernaut.
"I don't know if I'm going to come back," one worker told CNN at the capital city's train station. "I might just end up working on the farm."
So, smart western and local companies aren't holding their breath - they're following China's new money...
The Great Branding of China
Beijing-based Lenovo became one of the world's top computer companies after it bought IBM's PC division in 2004.
Then, in 2008, the company took advantage of center-stage marketing opportunities during the summer Olympics, giving it worldwide recognition and some separation from the old IBM brand (IBM took a 19% stake in Lenovo as part of the deal).
In a way, Lenovo made a name for itself at the same time the country established its own economic allure. China became the keystone of the BRIC emerging-market pantheon, which includes Brazil, India, and Russia.
With its best stock listed in Hong Kong (HK:0092) and with headquarters in both Beijing and North Carolina, Lenovo is a prime example of the so-called "Red Chip" best stocks that proliferated and prospered in recent years. And since foreigners can't invest in mainland China's Shanghai and Shenzhen exchanges, Hong Kong is the nearest point of entry to Asia's leading emerging market.
As the international appetite for a piece of the Chinese pie grew, the Hong Kong Stock Exchange benchmark index, the Hang Seng, tripled in value from May 2004 to its peak in October '07.
Lenovo shares are also available on the Pink Sheets under the ticket LNVGY. But since you can trade Hong Kong shares on a growing number of Internet trading sites like E-Trade, higher liquidity means the smart money is on original HK shares.
The Hang Seng's rise reflected a surge of interest and money into China's economy.
As foreign direct investment (FDI) poured into China, as well as contracts for cheaply-made tchotchkes, double-digit growth became the norm.
Now, Beijing's central planners (yep, they're still Communists, even if they're rich ones) are aiming to keep the country above 8% growth.
They also want to close the gap between rural and urban incomes, which hit a record high at the end of 2008.
Some movement of urban money back to less-populated, poorer areas could help even things out and quell official fears of large-scale rural protests.
In the meantime, FDI is flowing out of China like a draining bathtub. Foreign direct investment sunk by a full 33% from January '08 to January '09.
That calls for new movement of money within the country, as inflow can't be counted on anymore.
Lenovo Follows the Money Trail
Lenovo hopes to sell 5 million computers in the next 3 years... not in bright new urban storefronts, but out in China's hinterlands, where it is estimated that 60-80% of the country's population still lives.
They're not just pushing the same old laptops and desktops, either. Lenovo is creating 15 brand-new computer models that will be cheap and efficient.
Vice President Xia Li says the PCs will be as cheap as 3,000 yuan out of the box... That's just under 450 bucks!
My colleague Benjamin Ross researches China's money movement trends for a living. He gave me the scoop from Shanghai the other day before heading out to the famous Huangshan Mountain:
"These days, people in rural areas are getting richer and richer... due in large part to family members working in cities and kicking money back to relatives in the home village."
But Benjamin adds emphatically the new moneyed classes of China's big cities, and even plenty of the workers who call the countryside home, are sticking out the global recession in eastern metropolises.
Wherever they are, individual Chinese consumers are now the brightest blips on every company's radar.
That's not only smart strategy; it's necessity. Lenovo is currently the world's #4 PC maker, and it expected to gain ground, not lose it, after the IBM acquisition.
But the worldwide recession already took a bite out of Lenovo with a precipitous drop in corporate PC sales.
That led to the resignation of CEO William Amelio in February and partially explains the shift in emphasis to rural markets.
New management and new markets mean opportunity for long-term Lenovo investors. We'll be keeping an eye on the outcome of Lenovo's rural marketing, hoping for an upside surprise as fresh earnings roll in to a beaten-down market.
Another factor working in Lenovo's favor is a top "Green Ranking" compared to other electronics makers. China's national policy and market demands are pushing Lenovo and other firms to energy efficiency and smart growth.
At Green Chip International, we've prepared a full report on just how much money and effort is going into making China a bastion of healthy growth in a shrinking global economy. The numbers will amaze you.
A Best Stock Market Research Report: Who's Going to Bail YOU Out?
Bailouts are all the rage right now. With estimates for the bank bailout nearing $2.5 trillion and the flailing auto industry getting over $100 billion when all is said and done, the United States will be broke before the year is out.
And, unfortunately, no one's paying attention to the people footing the bill: the hardworking U.S. taxpayers.
Since you clearly can't count on the government to look out for you, you're going to have to look out for yourself...which is why we've put together our "Emergency 'Personal Bailout' Bundle." In it, you'll receive the 'personal bailout' strategy report, which will teach you how to rescue your retirement and salvage your family's financial security. It's certainly worth checking out.
$7.2 trillion is a lot of money.
That's what D.C. has poured into "our" bailout so far.
With even more to come, if Obama has his way.
And how much of that will you see personally?
And how much for your children... your grandchildren... or even their children?
Not a dime.
Every penny is going to the banks... the business owners... the over-stretched lenders... the special interests... basically everybody who helped create this crisis in the first place.
But I'm not writing you to rile you up.
In fact, and this is going to surprise you...
I'm not writing you to talk today about the "Wall Street Panic of '08" at all. Or the elections. Or Obama and the next new era.
Except for how all of those are just pieces and players in a much bigger event... something far more dangerous to you and your money... and to America itself... than anybody in Washington or Wall Street wants you to realize.
How big?
Even today's credit crisis — the one Alan Greenspan himself just referred to as a "once in a century 'Credit Tsunami'" — is nothing by comparison.
No, this much larger, little talked-about calamity is a full on four-pronged attack on just about everything you hold dear... a massive financial catastrophe that could not only wipe you out, personally, but bring America itself to its knees.
Perhaps permanently.
Fail to resolve this, and the idea of America itself could... end. Just like that. I'm not exaggerating in the least.
Here's the crazy part — as big as I can prove to you that this is, not one of today's White House staffers, Congressional elite, or even President Obama himself have proved willing to talk about this event, at length, in public.
They won't touch it. Not with a 20-foot pole.
Even though, short of a terrorist with a nuke in downtown Manhattan, there is no greater threat to you, your money, or this nation as a whole... than the one I reveal below.
When this devastating "four-prong timebomb" implodes, it will make today's stock market blowout look like an afternoon picnic at Disneyland. And at that point, I highly doubt there's anything Obama or anyone else in Washington can do to stop it.
What could I possibly be talking about?
The fact is, America is in deep, deep trouble. Much deeper than anyone is willing to tell you. Thanks to a four-part calamity that casts a shadow on our future much larger than the property bust, the banking crisis, or even the recent $819 billion Obama wants to tack onto the bailout.
Before I go into detail, let me just tell you a little bit about my background. My name is Addison Wiggin. And I've spent the last two years of my life doing almost nothing else but researching this crisis I'll describe below.
I've written about it, I've gone on record with the media about it,
I've even toured America to talk about it. I even co-authored two Bestsellers that warn about this coming calamity in explicit detail.
But by far, the biggest thing I've done related to this is create an award-winning documentary about it — the Critics Choice-Nominated film I.O.U.S.A.
I feel this message is so important, I want to send you a copy of this full-length feature film FREE on DVD. At my own personal expense.
Because I believe this is that important.
In fact, this is quite possibly the biggest event in modern U.S. history. You might think I'm going for melodrama — but see how you feel after you have a chance to hear the proof for yourself. I'm not just worried. I've made it a true life mission to get the word out on this.
Already, in fact, I've given away over 11,500 "pre-release" copies of the I.O.U.S.A. DVD. And while I still have free copies to give away, I intend to give away more.
Along with the powerful 262-page companion I.O.U.S.A. book... plus a new free strategy report that shows you how to forget about the bungled government bailout — and start generating your own stream of "personal bailout" cash, including up to 78 checks you can receive on a frequent, reliable schedule, over the 24 months ahead.
How does all this work? It's all part of a new crisis solution package I've put together for you, called the "Emergency 'Personal Bailout' Bundle." And it's yours free...
First, your "bailout bundle" shows you what's happened and how we got into this mess. You'll see exactly how and when the America we once knew was first betrayed. And then, the bundle helps you take the next step, by carefully laying down a plan that includes a direct and personal cash "bailout" strategy... plus up to a year's worth of free "post-crash" stock research.
Altogether, it took well over two years to make the documentary and write the book I'll include. And countless hours to draft the "bailout paycheck" strategy I'll include. Yet, I'm going to send this "Emergency 'Personal Bailout' Bundle" to you at the rare low price of... free.
For you. For your family. For anyone you care about.
I'll explain everything you need to do to get it in a moment.
Here's a full rundown of what you'll find inside...
FREE, our award-winning documentary, I.O.U.S.A. — Was there Oscar buzz? Yes. Our theater-length expose shows exactly how today's scandalous money crisis took shape in the hands of Washington and Wall Street elite. And I've secured a free copy of the just-released DVD to send you — three months before it's available to the general public — absolutely free
FREE, our new 262-page I.O.U.S.A. companion book — This full book covers not only the back-story behind everything you'll find in the movie, but includes 12 full interviews with the top financial minds who have the courage to address this crisis. We just sent copies of this book to every member of Congress — and I'm ready to pay all costs to send it to you, at no charge whatsoever
FREE, a personal "bailout" plan that shows you how you could get up to 78 cash payouts — Protect yourself, protect your family. And do it without depending on the U.S. government for help, with this "rubber-meets-the-road" personal "bailout" strategy. Not only can it put as many as 78 cash "paychecks" into your account over the next 24 months... it could also set you up with income for life. And this strategy is also yours free.
You'll also receive...
FREE, up to 12 free months of highly successful "post-crash" best stock research — For up to a full year, get free "post crash" best stock research from one of the safest, smartest, and most trusted market researchers in the industry. Plus, he'll send you portfolio updates every week... and you can have full private-password access to his members-only website, at no charge.
Again, I've created this "Emergency 'Personal Bailout' Bundle" specifically for right now. And I'm going to send it to you at my own expense. I even made a special deal to secure the copies of the DVD. Plus another deal with Amazon.com so I could cover the cost of shipping myself.
All just to make sure you have this "Emergency 'Personal Bailout' Bundle" available to you so you can protect yourself and your loved ones from the massive shakeout ahead.
Inside the bundle, you'll hear not just what my colleagues and I have to say... but what some of the most powerful and immediately recognizable figures in finance and politics told me in exclusive one-on-one interviews.
Warren Buffett, Alan Greenspan, Steve Forbes, Robert Rubin, Paul Volcker... they and others you'll know sat down with me personally to answer my questions about this crisis. And all you have to do to hear what they're saying about this new crisis... as well as to claim a free "Emergency 'Personal Bailout' Bundle" for yourself... is explained at the end of this letter.
At Least "25 Times Bigger" Than Today's Total Crash on Wall Street
Former U.S. Comptroller General, David Walker looked me straight in the eye and said this danger you're about to face isn't just big... it's at least "25 times bigger" than the bust that's now drained some trillions of dollars from the U.S. stock market.
And he's not alone.
Billionaire Warren Buffett thinks at least one aspect of this coming crisis is so serious, that when we went to his offices to interview him, he graciously cleared the rest of his schedule and spent nearly two hours talking with me privately about this in his company boardroom.
My friend and bestselling author William Bonner sat down with us too, and told us — on camera — that our failure so far to fix this isn't just foolish... it's "downright mean" and "immoral," as we prepare instead to pass it along to our children and their children.
We met up with former Fed Chairman Paul Volcker in his offices. He talked about how difficult it was to save the U.S. from the "stagflation" hangover of the late 1970s. And then he told me, face to face, "the earlier we take action [on this crisis], the better..."
We also met up with Peter G. Peterson, the investor who made $2.5 billion on the sale of his Blackstone Group. He's so worried about this that not only did he grant us an interview... he put up $1 billion of his own money to start a foundation to help raise awareness. And then his foundation paid $2.5 million to back the filming of our documentary on the matter, I.O.U.S.A.
I'm sure you've guessed by now that the gorilla in the room... the looming crisis nobody wants to talk about, but nobody can afford to ignore any longer... the U.S. National Debt Bomb.
Let me clarify... the $53 trillion national debt time bomb.
Yes, $53 trillion.
I know, that's a very big number.
Your Path to Real Wealth - That The Stocks Markets Can't Touch
I'm giving credit where credit is due.
Being "in front of a story" - having the story right, before the crowd - is priceless.
Editor Patrick Cox at Breakthrough Technology Alert predicted the current Presidential stance on science and technology - well before Obama took the Oath of Office.
Patrick's readers are enjoying the payoff as I write to you today. They're sitting on some huge gains already.
So here's the due credit for Patrick: He's well in front of what could be the biggest market story of the next decade.
His ideas could be your ticket to generations of wealth. Real wealth. Family wealth.
The major announcement from the White House on the morning of Monday, March 9, 2009 just tipped the scales in your favor.
By that I mean ― what you're about to read will become the most important investing story of our lifetimes.
And I called it ― months ago. I've done the research. I've interviewed all the key players...and I'm ready to tell you everything.
And the readers savvy enough to have acted on my initial recommendation in these companies are up as much as 208%. Don't worry ― you can still act in time to make your own life-changing gains.
But only if you're one of the first 558 406 folks to respond to this urgent memo.
I'll explain that urgent limit in one moment. For now, back to the story:
It starts with one man...
He isn't a politician.
And he's not a Washington insider.
He's a scientist.
The man I'll introduce to you is one of several top scientists who have President Obama's ear on what could be the most critical market story of the next decade.
The ideas he controls are powerful enough to start a stream of wealth that could last your family three generations, or more.
What I'm about to share with you is the most important story you'll learn about all year.
I'm talking about the chance at millions of dollars for you and your loved ones.
In just a moment, I'm going to tell you all about this brilliant scientist.
I'll tell you about the company he controls.
I'll show you why his company (and companies he used to work for) could be so important to your financial future.
And I'll outline step-by-step why Barack Obama should listen to him so carefully.
Because the man you're about to meet is on the cutting-edge of a field with the potential to grow America out of our current economic mess.
Better yet, you could make huge profits from him regardless of your political beliefs.
What I'm about to share is "beyond" politics. In fact, two influential Senators (one from each party), have pledged to support President Obama's world-changing science declaration that took place just this Monday, March 9, 2009. More on this in just a minute...
But first, know this: The scientist I'll introduce could change the way every single person on the planet lives.
For the better.
Get in early enough, and you'll have a chance to rack up a pile of wealth that could even last your family three generations or more.
Because the world stands to change a great deal during President Obama's first 100 days in office. In fact, things are changing before our eyes. Today. As I write.
Let me explain...
One scientist I'll tell you about leads an industry that could grow tremendously in Obama's first term. It could even take off like a rocket during his first 100 days.
So I'm not kidding when I say this could be the biggest market story of our lives.
I can predict that with confidence because this scientist has a stellar 20-year track record of success.
In fact, some people consider him the "father" of this industry.
And Barack Obama knows just how important his field is to the future of the country.
How?
Let me paint you a picture. When I'm done, I'll tell you exactly how it could come to pass. In fact, some of what I'll show you has already taken place.
That's why, very soon, I'll ask you to act on this information right away.
Now here's your immense profit opportunity in a nutshell...
Health, medical, and scientific regulations stand to change dramatically under the new Obama administration ― which began with his inauguration on Jan. 20, 2009.
Huge changes are anticipated at the Food and Drug Administration, the National Science Foundation, as well as the National Institutes of Health.
The doors have swung wide open... and the story will wait for no one. Check out these recent quotes...
Harold Varmus ― Chairman of White House Council of Advisers on Science and Technology: "We view what happened with [key research] in the last administration is... failure to think carefully about how federal support of science and the use of scientific advice occurs."
Dr. Curt Civin ― Founding Director of the Univ. of Maryland Center for Stem Cell Biology and Regenerative Medicine: "Now the silly restrictions are lifted."
Sen Claire McCaskill, D-Missouri: Obama's Exec Order of March 9, 2009 will ― "Once again say to the rest of the world that we will be the beacon for cures and for hope."
Sen. Arlen Specter, R-Pennsylvania: Regarding his Senate legislation (also with Sen. Tom Harkin, D ― Iowa): The legislation would protect Obama's reversal of Bush science policy "so that it does not ping-pong back and forth with each successive president."
Sen. Harkin: "For too long, political interference has delayed research that holds the promise for millions of Americans who suffer from a wide range of diseases."
This means some ideas will be fast-tracked.
Even better, on the fastest-track of all could be the work of the scientist I'll introduce to you. His work could make a small group of people like you very rich.
Here's what's about to happen...
During his Saturday, Dec. 20, 2008 Internet address, President-Elect Barack Obama said: 
To hear those words, you might think Obama meant the last eight years have seen science pushed to the side.
Well, depending on how you look at it, you'd be right.
Consider...
Both the National Institutes of Health and the National Science Foundation have seen their budgets flat line in recent years.
Because not only has Obama surrounded himself with some of the most brilliant scientific minds in America ― he's gone on record by saying science will be a priority for his administration. He said it again on the morning of Monday, March 9.
With massive, wide-reaching changes expected at the FDA, as well as the potential restoration of appropriate budgets for the NIH and National Science Foundation...the biggest market story of the next decade is upon us.
Throw in an Executive Order on Monday, March 9... renewed funding...government clout ― I'm talking about the chance at what could be an epic profit wave.
I'll explain it all in just a moment.
But for now, know this: You could be on the verge of becoming very, very rich.
And not just bank account rich.
But three generations rich.
Here's the scoop...
It started with a letter.
The scientist I want to introduce to you co-wrote a letter to Barack Obama in late November.
The letter urged Obama, in pointed, specific terms, to embrace research and federal funding for industries that need it ― and to make a certain technology a priority.
The letter also urged Obama to take a stand ― to make science a part of his political philosophy.
The response from the scientific community has been overwhelming....
And what hangs in the balance?
The future. Our nation's future. YOUR future.
Specifically, the fact that America is getting older. Baby boomers are starting to retire in massive numbers.
And sadly, many medical problems that have been a part of life for generations still plague society.
But that's about to change...
...because we're actually standing at the most lucrative and revolutionary moment in human history. Right now. Right here. Today.
Because I'm about to reveal the industry that stands to benefit the most from President Obama's stated focus on science.
What you're about to read is "understood" by ― at best ― a few dozen people in the entire world.
Get in front of this story with the right companies for your portfolio, and you could become three generations rich. But only if you're one of the first 558 406 to respond to this historic invitation...
The rest of the world could begin to focus on this story in the coming days and weeks....
But you have a chance today to get in on the biggest story of the next decade...before everyone else.
Here are the details on the huge market story I'm so excited to write to you about...
The single best way to sum up what I'm about to explain in detail is to simply say this:
The human body ALREADY holds the cure to every ailment ever known to mankind.
The thing is, the body is blocked from using these cures. The trick is to take out the "blocker" so the body can use its true power to crush any and all diseases.
Each human body is a universe of complexity. Somewhere inside all of us, deep in our network of tissues, nerves, neurons, and atoms rests the cure to all that could ever go wrong.
All we have to figure out is how to unlock these cures our bodies already hold.
Windows 98 running on Nokia N95!
Oracle Shares Are Cheap, but Are They a Good Value?
Brief Summary:
This article suggests that a slump in Oracle's (ORCL: sentiment, chart, options) share price has created a buying opportunity for investors, despite lingering concerns about a decline in corporate software spending. The equity's 19% loss during the past year has turned ORCL "into both a value stock and also one of the last growth stories left standing in tech," according to the author.
While the company's solid balance sheet leaves it well-poised to grow by snapping up cheaper, smaller rivals, the article also cites respectable growth projections. ORCL is expected to "increase sales 5% this year and next, and profit may grow 9% this year and 8% next year." This better-than-average outlook should motivate some investors to overlook the potential downside catalysts of slowing software sales and a strengthening U.S. dollar, says the article.
Contrarian Takeaway:
On the charts, there's not much to like about ORCL. As Joseph Hargett recently noted, the stock is battling resistance from its 10-week and 20-week moving averages. The shares are also resting heavily on support at the 15 level, which could eventually give way under continued pressure.
Meanwhile, there's a glut of bullish sentiment surrounding the stock. Its Schaeffer's put/call open interest ratio (SOIR) checks in at 0.57, just 4 percentage points from an annual peak of optimism. Plus, during the past 10 days, traders on the International Securities Exchange have bought to open more than twice as many calls than puts on ORCL.
Analysts also love this stagnant stock. Zacks reports 13 "buy" or better ratings, compared to just 5 "holds" and no "sells." Considering ORCL's lackluster price action, some of these upbeat brokers could issue downgrades during the short term.
If the equity continues to flounder beneath resistance, the bullish contingent on Wall Street could grow frustrated and close out their optimistic bets. ORCL shares might be cheap at current levels, but the contrarian analysis indicates that the stock could definitely get cheaper during the near term.
New Program For Plan B Retirement Library
When Dick Fuld drove Lehman Brothers into the ground...
They "punished" him with a $35 million bonus.
How about when Chuck Prince helped Citigroup burn through billions?
He got a hefty cash going away present of $39.5 million.
Stan O'Neal from Merrill Lynch trumped them all.
When he got canned, they gave him $161 million.
And what did you get?
How about a chance to "get even?"
How to Legally Force American Biggest Companies To Send You a Retirement "Paycheck" Every Two Weeks
No, I can't show you how to make the sleazebags responsible for this mess pay you back directly for the damage they've caused.
And the billions Washington hands out these days?
Forget about it. It was never intended for you.
However, what I can do over the next few minutes is show you "another" way.
I call it the "Plan B" strategy.
How does it work?
Suppose you could collect up to $120,000 or more in work-free "paychecks" per year, every single year... for the rest of your life.
On average, you could get these checks every 12 days.
For as long as you need them... at any age.
And you can even pass this steady stream of annual cash on to your spouse, your children, even your grandchildren. In fact many of America's richest families already do exactly that.
Wouldn't that go a long way toward helping you forget about the special treatment those Wall Street jerks are lapping up, right about now?
And here's the thing... even though this is easy to do... so few people know about this right now. Although I'm willing to bet that's about to change, and quickly...
The Best "Little-Talked-About" Lifetime Income Secret I've Ever Come Across
Let me start by saying that, even though we're smack in the middle of the most devastating market shakedown since the 1930s, this is easily the best time in history for you to hear about this "little-talked-about" secret.
How so?
For one thing, these "Plan B Pensions" I'd like to reveal to you have a long and proven track record over time. But even little-known ability to completely outclass conventional fixed-benefit pension plans.
Just take a look at the comparison in this chart...
As you can see, "Plan B Pensions" give you many, many times more options for rebalancing your portfolio in a shifting market than you'll see in either the classic plans or more modern versions, like the 401(k) approach.
What's more, unlike those better-known approaches, with a "Plan B Pension," you'll never butt your head against age limits, withdrawal penalties or participation restrictions.
It's also automatic.
Once you set up your "Plan B Pension," it starts running itself.
What else? Even now... you can start getting your income "paychecks" doing this as often as every 12 days, starting with the next payout date on March 14, 2009.
In fact, in the free copy of The 10-Minute Retirement Recovery Plan: Six Easy Ways To Lock In Steady Income Checks For the Rest of Your Life I'll send you, I can show you six different "Plan B Pension" programs you're invited to join right now.
I'm not personally affiliated with any of them. But after a lot of research and analysis ― all of which I'll share with you ― these six moves are easily the best "Plan B" opportunities you'll find on the market today.
And by the way, you don't need a lot of money to get started.
You can start some of these "Plan B Pension" programs with as little as $10.
How does that sound?
And once you're set up, you could collect as many as 38 "Plan B Pension paychecks" over the next 12 months alone... with more of the same every year to come.
The checks keep coming for as long as you need them.
You can even get "matched" gains with these plans... much like a typical 401(k) plan... but without having to work a single day for the companies that will pay into your account.
Some of these "plans" even reward you with fat discounts on the top stocks you've chosen, well below what others pay to own the same shares on the open market.
There's Always a Silver Lining
Here at Casey Research, we are trying not to be overly pessimistic, but there's no denying the mass of bad news coming to us from all fronts: the forces of collectivism are using the cover of the crisis they largely created, aided and abetted by capitalism's quislings, to roll over the individual.
Even so, contained within the dire reportage is also some very good news for you personally.
The Bad News
As fully anticipated, with its first budget plan, the Obama administration has fired a salvo into the side of the productive classes. (For those of you who are not U.S. citizens, feel free to use Team Obama as a proxy for what is likely to occur where you reside.)
Yes, we expected the $1.75 trillion budget deficit, which will, by the time all is said and done, come in a lot closer to the $2.5 trillion number anticipated some months ago by our Chief Economist Bud Conrad.
Yes, we expected the government to begin raising taxes, which they are proposing to do with vigor ― starting with an increase of $1.4 trillion on the people who earn in excess of $250,000 a year. "Right on!" shouts the mob, on the way out the door to burn Porsches (which, Bloomberg reports, is now becoming something of a trend in Germany's capital, Berlin).
For no other purpose than to keep the record straight, it's worth noting that thanks to the government's steady dose of inflation, $250,000 today will only buy you 77% of what it would have in 1998…and 56% of what it would have in 1988.
A decade from now, given the inflation rate we expect, the dollar's purchasing power will erode by another 50%, and probably a lot more than that. In fact, at the current rate of money creation, by the time the dust settles, $250,000 might be the annual wage commanded by burger flippers.
But, hey, look at the bright side, at that point everyone will be rich!
The further details of Obama's budget plan are a hodgepodge of this and that, some of which we even agree with (like cutting business subsidies). On the whole, however, the overarching mandate appears to be to thrust the hand of government, like some motion picture kung fu villain, deep into the heart of American enterprise.
And government's expansion is far from over. The news continues to pour in…
Citigroup to get another $25 billion bailout from the U.S. Treasury.
Treasury officials work on bailout plan for auto parts manufacturers.
President Obama exploring automatic workplace pensions and an expansion of unemployment insurance.
AIG, now a government lap puppy, takes another big loss, and is again looking to its master for another handout.
Speaking of lap puppies, Fannie Mae, has lost another $25 billion and is looking for $15 billion more from the Treasury. The value of this zombie institution's net assets is now a negative $105 billion, and eroding. Great investment of your tax dollars, eh?
Then there's the new administration's cap-and-trade green tax…a stunning new initiative that will bring many U.S. businesses to their knees.
There is more, so much more, including a $638 billion reserve fund for healthcare reform in the president's budget that loudly broadcasts that, "Yes, we're going there." There being nationalized health care.
However, there's also some good news to be found in the way things will be.
The Good News
My fellow citizens of planet Earth, it is now abundantly clear that the trend toward socialism in all its many disguises is about to, once again, shift into high gear.
We've been here before, encouraged by the words of Karl Marx, a distinctly unsuccessful individual (to read his life story is to read of almost unending misery, poverty, and discontent) but a decidedly successful phrase-coiner, knocking the world off its axis with his "From each according to his ability, to each according to his need."
While no one with any real sense of history, not to mention economics, can take any overt joy at the prospect of the dark clouds of collectivism looming high in the sky above us, there is, if you pay close attention, a very big opportunity in all of this.
Namely, we are now presented with a relatively rare chance to see with some clarity into the future.
Imagine if eight years from now you could step into a time machine and zip right back to this very moment. How much money do you think you could make?
Well, just because the chattering masses have the blinders on as they march forward to their collective penury doesn't mean we need to join them. And, if we are even a little bit careful, we won't.
So, what is it about the future we can now see? Some broad strokes…
Currency depreciation.
More taxes.
Rising interest rates.
A price capitulation in real estate, with a collapse in commercial.
Exchange controls (now that Team Obama is raising your taxes, you don't really think they're going to let you pick up your wealth and leave, do you? The window for global diversification will soon be closing.)
The return of mega-labor unions.
Trade wars, shooting wars, and other forms of heightened geopolitical tension.
(This is a topic we are discussing at greater length, backed up with specific recommendations, in the March edition of The Casey Report, released on March 3. Among its many highlights, Doug Casey has contributed an article titled "Street Fighting Man" about the prospects for social unrest.)
Provided you keep your personal wealth profile low (there was a reason Sam Walton, founder of Walmart, drove a beat-up pickup truck), your financial powder dry, and, maybe most important of all, retain your sense of humor, the opportunities in the unfolding crisis will be abundant.
Whatever you do, don't be complacent about what's coming.
We are long past the point where doing nothing is an option. Review your personal finances, cut out unnecessary expenses, talk to your accountant about tax planning, and, if you're a U.S. citizen, consider moving at least some of your wealth out of the country while you still can (but please, don't try to hide it…that's a fool's errand). If you own gold, only you and your spouse, if you have one, should be aware of it.
Ask yourself, "If I just dropped in from eight years in the future, what measures would I take?"
Now, take them.
One day we'll all look back on this and la-a-augh…
A Shooter writes: "Come on guys! If the socialist leader you're referring to is Obama, you're behind the curve. He took great pains to deny to a journalist that he was a socialist. I have to agree he's not a socialist; he's been trained by communists."
Duly noted.
"Gary,
"Not all Canadians dream of 'evolving into full human potential.' Although I am a proud Canuck, I can tell you that socialism is a tax on creativity and innovation. The justification for socialism is what makes it so appealing ― 'educate the children!' 'Healthcare for all!' These sound noble and wonderful, and they can be, providing that people use them responsibly. I got a great education in Canada. Having said that, I went to school with people who were making a career out of being students. Hey, it's cheap, so why start working? One of the guys I went to university with worked salmon fishing in British Columbia in the summer, and then went on unemployment while he went to university (salmon season's over ― he was unemployed).
"So personally, I think that socialism is great if you have people that appreciate it and use it to better themselves, but unfortunately those people are few and far between ― you get way more people that feel that they are entitled to those benefits. Although having to endure American arrogance could be very painful (a lot of them came up to Calgary for the Stampede every year), I do agree that having the liberty to keep your own money, make your own choices, and succeed or fail on your own merits is vastly preferable to having someone else decide those things for you. If I wanted a parent, I'd move back in with mine."
Socialism does indeed work great for angels. Not so good for humans. The humans that would benefit are the same ones who'd refuse it. Oh the irony…
"Gary,
"Your response to the Canadian writer today on her impression looking south onto the devastation was off the mark. I'm an American living in Germany ― another one of the misguided 'socialist' countries. I don't understand what you and your fellow rednecks are afraid of. I'm stress-free knowing my family will have full healthcare no matter what. Your disciples will reply with the obligatory whining about poor quality of healthcare and unbearable waiting for treatment and in your vacuum of knowledge and experience, you will be wrong. I say wallow in your ignorance while the world looks on and marks your shameful embrace of a failed governmental system with a victimized populace. Don't fear good intentions ― I know you don't believe [they] always give the worst results."
Actually, yes. Yes, I do. Another Shooter presciently comes to my aid…
"'Too bad you were born with the dreaded Conservative gene. But soon modern medicine will be able to block it. Then you may be free to evolve into the full potential that human beings are capable of.'
"Whiskey & Gunpowder, Mar 10, 2009
"I generally ignore any comments liberals make but I'll make an exception here.
"Liberals, like this one, typically use ad hominem attacks because they cannot defeat conservatives in logical, fact-based debates. Their brain has been marinated too long in socialist juices for them to imagine that some of us actually prefer taking charge of our lives and resent the government ruining them. We are not constrained by socialist dogma to behave in certain ways and think in certain ways. We can analyze global warming based on scientific evidence because we are not ideologically committed to it because our elders tell us to be.
"We don't subscribe to a creed which demands to be taken care of. I submit that we are far more likely to achieve our human potential than are the socialists. They have surrendered their potential to become slaves to a dogma which has been proven a failure many times over.
"Maybe socialists don't mind paying 40% of their wages in taxes so they can 'socialize' while they wait in emergency rooms and clinics for treatment. I do mind, paying the 40% and the long wait! That's why I'm a free man, not a deluded acolyte. I like people who think for themselves and tell the government to go to hell.
"Finally, it is the height of arrogance and conceit to believe that another human being, mortal and flawed like everyone else, can dictate to another their idea of utopia. Their utopia is my prison.
"Liberalism is a form of insanity for which there is no cure. It is easier for a gay person to go straight than for a liberal to regain his self, a self surrendered long ago to indoctrination and propaganda."
Might as well try to thread a needle with a camel, huh?
Personally, I could care less what other people do or believe, but when they insist that I do as they say (usually for the sake of some great lie), then we have a problem.
The Whiskey Room is figuratively covered in fantastic responses this week, much of which make it clear that there are some very good thinkers out there with a knack for writing.
You people really impress me. I am proud to be your editor. You're a bunch of liberty-lovers, obsessed with limited-to-no government and sound money...and you're not afraid to say what's on your mind. There aren't enough of you in the world and you need to be heard.
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