Bill Cara’s Blog for Sep 18, 2012

CTA Trading Desk Morning Report

[7:00am ET] Good morning, Geoff here.

Our basic trend indicators are saying that stocks are in an uptrend. The trend is your friend so until this changes, traders need to be long stocks.

The following 4 charts show different ways of viewing trend, but they all say the same thing; UP.

ggimage01_091812.png

ggimage02_091812.png

ggimage03_091812.png

ggimage04_091812.png

However, these charts from Sentimentrader.com show that a pause may be imminent:

ggimage05_091812.gif

ggimage06_091812.gif

As a trader, you need to have a plan and trade that plan. You need to get your risk levels to where you are comfortable and then decide how you are going to move forward. We are in an uptrend but a short-term decline looks probable and should one occur, it looks like it is time to buy the dips. If the decline is merely a pause like we are seeing now, breakouts should be bought in high relative strength stocks. The amount of stimulus coming into the market, or the perception of open ended stimulus, should be enough to keep stocks and commodities climbing for some time, so until our trend indicators tell us otherwise, we need to be trading from the long side, imo.

Have a great trading day!


Here are the 7:00am ET snapshots of the latest equity market trading results for Europe, and futures prices plus 5-minute charts of the futures for S&P 500, 30-year US Treasury Bond, US Dollar index, Gold and Crude Oil.

Symbol Name Last Trade Change Related Info
^ATX ATX 2,168.08 6:45AM EDT Down 26.92 (1.23%) Components, Chart, More
^BFX BEL-20 2,445.30 5:43AM EDT Down 27.20 (1.10%) Components, Chart, More
^FCHI CAC 40 3,515.70 6:59AM EDT Down 37.99 (1.07%) Components, Chart, More
^GDAXI DAX 7,334.52 6:44AM EDT Down 69.17 (0.93%) Components, Chart, More
AEX.AS AEX General 336.05 6:44AM EDT Down 1.10 (0.33%) Components, Chart, More
^OSEAX OSE All Share 506.04 6:44AM EDT Down 4.22 (0.83%) Components, Chart, More
^OMXSPI Stockholm General 339.08 6:44AM EDT Down 2.52 (0.74%) Components, Chart, More
^SSMI Swiss Market 6,532.30 6:45AM EDT Down 20.02 (0.31%) Components, Chart, More
^FTSE FTSE 100 5,854.28 6:45AM EDT Down 39.24 (0.67%) Components, Chart, More
FPXAA.PR PX Index 964.60 6:59AM EDT Down 5.20 (0.54%) Chart, More
MICEXINDEXCF.ME MICEX Index 1,528.69 7:00AM EDT Up 3.87 (0.25%) Chart, More
GD.AT Athex Composite Share Price Index 725.33 6:44AM EDT Down 9.66 (1.31%) Chart, More

http://finviz.com/futures.ashx

http://finviz.com/fut_chart.ashx?p=m5&t=ES

http://finviz.com/fut_chart.ashx?p=m5&t=ZB

http://finviz.com/fut_chart.ashx?p=m5&t=DX

http://finviz.com/fut_chart.ashx?p=m5&t=GC

http://finviz.com/fut_chart.ashx?p=m5&t=SI

http://finviz.com/fut_chart.ashx?p=m5&t=CL

The team will check in during the day, reporting in the Discourse when there is a new entry.

Enjoy your day.

  1. 7:45 AM ET ICSC-Goldman Store Sales 8:30 AM ET Current... [#113447]
    By: davefairtex (5216 comments) Go to top ↑
    • 7:45 AM ET ICSC-Goldman Store Sales
    • 8:30 AM ET Current Account
    • 8:55 AM ET Redbook
    • 9:00 AM ET Treasury International Capital
    • 10:00 AM ET Housing Market Index
    • 11:30 AM ET 4-Week Bill Auction
    • 11:30 AM ET 52-Week Bill Auction
  2. 2 in Buy alert 7 in Distribution Zone 8 in Sell... [#113448]
    By: davefairtex (5216 comments) Go to top ↑
    • 2 in Buy alert
    • 7 in Distribution Zone
    • 8 in Sell alert

    Accumulation Zone (1%): Monthly 2, Weekly 3, Daily 0
    Distribution Zone (38%): Monthly 18, Weekly 54, Daily 41

  3. Today, we posted an educational 3-minute trading strategy... [#113449]
    By: Deron Wagner (77 comments) Go to top ↑

    Today, we posted an educational 3-minute trading strategy video, in which we discuss a common money management mistake among both new and experienced traders.

    Specifically, the video discusses the damaging practice of changing your initial protective stop on a trade and later regretting it. In the video, I give my take on why you should never make this costly mistake, and how to avoid it. Regardless of your trading style, I think this video will be helpful to you. Here is the link to view the video:

    http://www.morpheustrading.com/blog/trading-money-

    Hope you find it helpful.

  4. ... [#113450]
    By: Ynot (236 comments) Go to top ↑

    http://www.forexpros.com/analysis/technicals-on-tr

    Someone commented yesterday that Fleckenstein sees an inflection point in the bond market, and it could very well be at hand. My ‘gut’ feel is that the worm has indeed turned in the bond market, but my ‘gut’ feel has betrayed me before, before all the ‘evidence’ was in.

    Bond yields are backing off this morning as the US$ gains back some and is off its lows of last Friday. The 10 year has now twice tried to break above its 200 DMA and failed (so far). Weekly charts also confirm a failure to break above 50 week MA

    http://stockcharts.com/h-sc/ui?s=$TNX&p=W&b=5&g=0&id=p26378543987

    But its only Tuesday…(Wimpy’s ‘favourite’ day)

    • Ynot, One of the main things I got from a recent video of... [#113455]
      By: Grym (5469 comments) Go to top ↑

      Ynot,

      One of the main things I got from a recent video of Ray Dalio was the need for a “better place to invest”. Much of the negative bond commentary revolves around the low return on Ts and ignores the far better return on bond ETFs and mutual funds.

      Time horizon is also a factor. A Bill Gross article today is interesting, but Gross manages huge amounts of OPM and has a long time reputation to protect. His exit from Ts a year ago was premature and I think this may still be the case.

      Pimco’s Gross on ‘Where Bad Bonds Go to Die’
      http://tiny.cc/em0tkw

      What is a “better place”? With the EU in panic mode, US election and “fiscal cliff” approaching I believe the Fed’s latest QE is a very short term phenomenon. Stocks are fine for ST traders, but I am not in that time camp, so my view is different on the bond situation.

      I expect Europeans to revert to UST before long, no Fed rate increases any time soon, continued US individual deleveraging due to job situation. Therefore I see little immediate threat to US bonds.

      I have, however, moved out of the WHOSX Treasuries mutual fund which has worked well for swing trades since Oct 2008 and a shift into TLT (stoppable and intra-day sellable). I find VFIIX (GNMA) to be a stable place to park cash and VWESX a less volatile, higher yielding corp bond fund.

      Still, I am less sanguine than I have been and am willing to dump all if need be. Thanks for the link.

      Grym

    • Hi Ynot - I agree with Fleck it's probably getting to be... [#113458]
      By: ea32da32 (2362 comments) Go to top ↑

      Hi Ynot – I agree with Fleck it’s probably getting to be that time – this discussion has occurred many times here on the board. Currently I’m long TLT calls with a ~$121 target but will dump them as soon as they stop moving up. I’m in the camp that there will eventually be a ‘mostly’ one world currency – that means the Euro must come down to the $. That won’t be done smoothly so bonds will behave the same, up/down… There is always the potential for some global shakeup happening – I can recall 9/11 for instance. So I remain trading on the balanced side (hopefully) – always seem to have a short position of some type on to hedge those possibilities.
      regards,
      Earl

  5. Trillions of carats': Russia reveals vast diamond source... [#113451]
    By: Bev (804 comments) Go to top ↑

    Trillions of carats’: Russia reveals vast diamond source under 62-MILE-WIDE asteroid crater which could supply world markets for next 3,000 years

    Diamonds at Popigai Astroblem in Siberia are ‘twice as hard’ as normal, making them ideal for high-precision scientific instruments and industry

    http://tinyurl.com/9rodekq

    • I'm not sure whats up with the Mail Online , but that... [#113453]
      By: Ynot (236 comments) Go to top ↑

      I’m not sure whats up with the Mail Online , but that picture of the Popigai Astroblem looks suspiciously like the Manicougan crater lake in Northern Quebec.

      Also, I’m not sure what they mean by ‘twice as hard as normal’. I thought diamonds, or face-centred cubic carbon, is the hardest known natural substance on earth.

      • Ynot - Y'all know diamonds are not scarce, right. Price is... [#113459]
        By: Dr. Strangelove (2004 comments) Go to top ↑

        Ynot -

        Y’all know diamonds are not scarce, right. Price is controlled by monopoly (De Beers and Diamond Trading Co.).

        http://en.wikipedia.org/wiki/De_Beers

        • Hi All - Number one son forwarded this to me yesterday. My... [#113460]
          By: Luggie (639 comments) Go to top ↑

          Hi All – Number one son forwarded this to me yesterday. My gut is the there may be a ton of micro diamonds, but so what. The hardness thing may be a function of the lack of inclusions, which are found in most diamonds that are sourced/created at the mantle interface. FWIW – Happy Trading

          • For those interested in the Diamond World. Here is a... [#113463]
            By: Northern Otoko (91 comments) Go to top ↑

            For those interested in the Diamond World. Here is a website used by many in the business to get the inside scoop (or an opinion on it). Here is his recent take on the DeBeers Monopoly.
            http://www.polishedprices.com/News/NewsDetails.asp

            By the way, Alrosa (the Russian Diamond miner) currently produces ~25% of world diamonds most of which are sold to the Gokhran – Russian government.
            http://en.wikipedia.org/wiki/ALROSA
            http://en.wikipedia.org/wiki/Gokhran

            As you can see there is not much free market in the diamond business!!

            Here is another part of DeBeers that most are not aware of – Element Six which is a leading manufacturer of “superabrasives” – synthetic diamonds.
            http://en.wikipedia.org/wiki/Element_Six

          • Northern Otoko, The jewelry industry's primary price book... [#113481]
            By: Bill Cara (4105 comments) Go to top ↑

            Northern Otoko,

            The jewelry industry’s primary price book for diamonds is by Rapaport (diamonds.net/Prices).

            Attached is the price monitor of the diamond miners, which the shorts would have jumped on by now if the Russian story (3,000 years global supply) had been believed. May happen yet, but I believe in the data over and above the story, as you all know.

            Harry Winston (HW) is the main player.

    • More resources are needed for confirmation. Daily mail is... [#113456]
      By: mansis (14 comments) Go to top ↑

      More resources are needed for confirmation. Daily mail is not the most credible source in U.K. in my opinion.

  6. Good morning. 08:30 Current Account Balance... [#113454]
    By: Bull Hunter (3552 comments) Go to top ↑

    Good morning.

    08:30 Current Account Balance (-$117.4B)
    09:00 Net Long-Term TIC Flows
    10:00 NAHB Housing Market Index

    ——

    ABT – Abbott downgraded to Market Perform from Outperform at Leerink on full valuation ahead of the split expected in January 2013. Price target range is $65-$70.

    BBBY – Bed Bath & Beyond downgraded to Perform from Outperform at Oppenheimer citing the recent rally in shares and the waning of potential earnings upside drivers. The firm keeps an $80 price target for shares.

    BRCM – Broadcom upgraded to Outperform from Sector Perform at RBC Capital citing leverage to rising unit and content opportunities and lowered opex growth. Price target raised to $46 from $38.

    INTC – Intel downgraded to Sector Perform from Outperform at RBC Capital. The analyst has concerns regarding elevated inventory levels and weaker than expected macro conditions. Price target lowered to $24 from $28.

    SLB – Schlumberger initiated with a Market Perform at William Blair.

    ——

    Mining stocks:

    GOLD – Randgold Resources downgraded to Hold from Buy at Stifel Nicolaus.

    SVLC – SilverCrest initiated with an Accumulate at Global Hunter. Target $4

    ——

    “Praise, like gold and diamonds, owes its value only to its scarcity.” – Samuel Johnson

  7. ... [#113457]
    By: Dr. Strangelove (2004 comments) Go to top ↑
  8. Hi All - Love it when a good hole hits for one of the... [#113461]
    By: Luggie (639 comments) Go to top ↑

    Hi All – Love it when a good hole hits for one of the litter: Hole RR12-10 Intersects 407 Feet (124.1 Meters) of 0.118 oz Au/st (4.05 g Au/t) Including an Internal Interval of 54 Feet (16.5 Meters) of 0.44 oz Au/st (15.1 g Au/t). This could be the real deal nestled right in the birth place of the likes of Barrick & Newmont. Happy Trading

    • Hi Luggie, I enjoyed the Gold Standard Ventures... [#113484]
      By: Juniorgoldminerseeker (228 comments) Go to top ↑

      Hi Luggie,
      I enjoyed the Gold Standard Ventures presentation from the Denver Gold Show
      http://www.denvergoldforum.org/dgf12/company-webca

      I remember bringing this one up in February
      http://caracommunity.com/content/bill-caras-blog-f

      Drilling so many blind holes and spending so much cash I expect this one to be a wild ride and I’d guess traders could have a lot of fun. I want to keep my core holding in this one.

      Given the risk factors we keep seeing around the industry, country and regional permitting, capital over-spends etc Nevada seems a great place to make discoveries to feed existing major’s assets.

      • I spoke the other day with the CEO of a junior directly... [#113486]
        By: jock (1011 comments) Go to top ↑

        I spoke the other day with the CEO of a junior directly focused upon finding and proving up deposits which will in future feed the processing facilities of the seniors in Nevada. Unlike juniors developing various projects in various countries, Rye Patch concentrates on just the Oreana and Cortez trends in Nevada.

        Kinross owns 9%, and they maintain close contact with other seniors which are big in Nevada: Barrick, Newmont.

        Just yesterday, they announced a resource upgrade: http://www.ryepatchgold.com/s/NewsReleases.asp?Rep……

        Interesting in that where a senior already has operations (and infrastructure) in an area, they can pay more or look to smaller deposits than would be the case for a newcomer.

        Rye Patch showed feisty entrepreneurship in noticing failure by Coeur d’Alene to pay annual fees for claims, and inserted itself to make its own claims to the land. This move, now in the courts, showed considerable chutzpah.

        FD: no position nor other financial ties to the company.

        • ... [#113489]
          By: Juniorgoldminerseeker (228 comments) Go to top ↑

          duplicate

        • Hi Jock, The Cortez is very interesting, Barrick having... [#113488]
          By: Juniorgoldminerseeker (228 comments) Go to top ↑

          Hi Jock,

          The Cortez is very interesting, Barrick having made big discoveries in recent years.
          Rye Patch and a couple of other juniors have interesting positions there.
          Carlin Gold had a significant % investment from Thomas Kaplan’s Electrum and are drilling.
          Nulegacy have a significant land holding and JVs with Miranda and others pre-dating Barrick’s discovery announcements and are drilling.
          Clearly early stage high risk.

          I came across a website by Jim Richmond a geologist who posts a number of site visit videos and interviews with a concentration on this area.
          http://loveofgame.net/Love_of_the_Game/Welcome.html

          FD – Speculative holdings in the juniors above

  9. AAPL - estimates, target raised at Sterne Agee. Shares of... [#113462]
    By: Bull Hunter (3552 comments) Go to top ↑

    AAPL – estimates, target raised at Sterne Agee. Shares of AAPL now seen reaching $840. Estimates also increased, given higher realized iPhone sales. Buy rating.

    AAPL – Apple estimates, target increased at BofA/Merrill. AAPL estimates were raised through 2014. Expect higher demand for the iPhone 5. Buy rating and new $850 price target.

    AMZN – estimates upped at Topeka through 2013, Topeka Capital Markets said. Kindle Fire HD can drive near-term growth. Buy rating and $400 price target.

    BA – estimates, target reduced at Credit Suisse. Shares of BA now seen reaching $87.50. Estimates also cut, given pension headwinds. Outperform rating.

    BBBY – numbers raised at UBS. Shares of BBBY now seen reaching $72.60. Estimates also increased as shares reflect more optimism since Q1 results. Neutral rating.

  10. ... [#113464]
    By: JimG (299 comments) Go to top ↑
    • JimG, Apparently when speaking of the economy, "Getting... [#113467]
      By: Grym (5469 comments) Go to top ↑

      JimG,

      Apparently when speaking of the economy, “Getting better, but still too slowly,” Median Household Income is conveniently excluded just like Food and Energy data. (Although I do believe gasoline is counted in consumer spending when it is showing “improvement”;-)

      “Except for that Mrs Lincoln, how did you like the play?”

  11. The trend is your friend...until it... [#113465]
    By: Student (22 comments) Go to top ↑

    The trend is your friend…until it ends.

  12. (US) Moody's issues commentary on fiscal cliff scenarios... [#113468]
    By: Vadym Graifer (4341 comments) Go to top ↑

    (US) Moody’s issues commentary on fiscal cliff scenarios
    - Moody’s: in our “Cliff” scenario, which we believe has a 15% probability, policymakers would decide to stick to the current law and let the nation go over the fiscal cliff. This would cause real GDP to fall 2.8 percentage points below what it would be if current policies were extended in 2013 and lead to a new recession, pushing unemployment up to 9.2% by year’s end,”
    Alternatively in Moody’s Analytics “No Cliff” scenario, which has a 30% probability, policymakers would avoid the fiscal cliff by extending current policy so that there would be no changes to taxes and spending in 2013. While the U.S. economy would improve next year, under this scenario, there would be no progress toward long-term fiscal sustainability
    - Moody’s Analytics baseline scenario, which is the most likely scenario with a 55% probability, states that policymakers will agree to a middle ground between the “Cliff” and “No Cliff” scenarios.

    • Vad - I think Moody's wants to say that if Obama is... [#113471]
      By: Dr. Strangelove (2004 comments) Go to top ↑

      Vad -

      I think Moody’s wants to say that if Obama is re-elected, Bernanke stays and it’s a ‘cliff’ scenario (15%) while if Romney is elected, Bernanke goes and the QE comes into question and it’s a ‘no cliff’ scenario (30%) while leaving 55% to cover the Japanese experience of zombie banking and a neverending recession. Give Obama the baseline scenario + the ‘cliff’ scenario and it’s 70% re-election to Romney’s 30% ‘no cliff’ austerity. I can agree to that probability.

      I give the ‘cliff’ scenario 70% (15% + 55%) until the banks are reformed and that will require an event to hit the canyon floor. Moody gave the massive FNE junk debt a AAA rating and considers the U.S. credit to be safe which suggests to me that they are shills for the elites.

    • If the Democrats retain the Senate and regain the House and... [#113472]
      By: JimG (299 comments) Go to top ↑

      If the Democrats retain the Senate and regain the House and Obama wins, the fiscal cliff will disappear and there will be another trillion dollar stimulus program.

      Intrade is giving good odds that those wins will happen.

      http://www.intrade.com/v4/home/

      • "If the Democrats retain the Senate and regain the House... [#113475]
        By: indyrjc (56 comments) Go to top ↑

        “If the Democrats retain the Senate and regain the House and Obama wins, the fiscal cliff will disappear and there will be another trillion dollar stimulus program.”

        I guess it depends on your definition of Fiscal Cliff. If the debt and deficit issues aren’t addressed by someone you are basically looking at a total US dollar collapse at some point. The only question is the timing. I love how everyone talks about passing on these hugh debt obligations to their grandchildren. Grandchildren, indeed. It’s likely that people in their 50s today will suffer greatly in their later years if American debt even grows at just its current rate.

        And remember that there is no example in history where a country either survived or prospered after running up the kind of debt that the United States (and basically all western countries) has done. But then again, my favorite Winston Churchill quote comes to mind, “The one thing that we learn from history is that we don’t learn from history.”

  13. The easy way to follow Donald Coxe's recommendations is... [#113469]
    By: jock (1011 comments) Go to top ↑

    The easy way to follow Donald Coxe’s recommendations is through GDX, MOO and XLE, which are all broad ETF’s covering the sectors he recommends: major gold, ag, and energy stocks.

    His basic idea is that they will all 3 have pricing power in what he seems increasingly a stag-flationary environment. As (if?) inflation comes, 2 will benefit from re-valuation of their “assets in the ground in safe, secure areas of the world”. And the third, ag stocks, will benefit from their intellectual property.

    (I can see this in the seed companies, but DO wonder if fertilizer companies have much valuable IP).

    In all 3 sectors, companies have relatively transparent financial statements, compared, for example, to the opaque “big, bad, bonused, bailout banks”. Therefore, Coxe considers them the best bets to increase while the broad market stagnates. He sees today increasingly as a replay of the 70s.

    Today, GDX continues upwards today +0.52%, while MOO is down 0.59% and XLE down 0.47%.

    1 day doesn’t mean much of course, but I think over time we will continue to see gold much stronger than the other 2.

    The other point I’d make to Don is that gold and energy have junior companies which will likely run up faster than seniors – once the real fun starts (IF the real fun starts). By contrast, there are basically only large ag stocks, of which there are very few juniors. So, I’d expect energy – by which I mean oil – do well, and for ag to lag.

    The other thing I’d ask Coxe is what about fixed income. He doesn’t talk about it much. I wonder if emerging market debt might perform well even as interest rates start up for heavily-indebted “developed” countries.

    Submitted FWIW

  14. Let's say they rise to the same level they were in the year... [#113470]
    By: JimG (299 comments) Go to top ↑

    Let’s say they rise to the same level they were in the year 2000.

    Total interest on US debt paid so far in fiscal year 2012: $343,095,816,634.42

    Another month to end the fiscal year 2012 and our interest payments will total around $360,000,000,000.

    In the year 2000, interest on our debt was $361,997,734,302.36 on total debt of 5,674,178,209,886.86.

    So we paid interest on our debt at a rate of about 6 percent in year 2000.

    What if interest rate go back to 6 percent?

    If rates went back to 6 percent, interest paid on a total 2012 debt of $16,045,678,692,730.63 would be:

    ($16,045,678,692,730.63x.06) =
    962.740,722 billion U.S. dollars

    These figures are all approximate, of course. Interest on US debt is paid monthly and interest rates vary during the year. But could we afford paying close to one trillion dollars just in interest expense each year?

    How could they ever let interest rates rise?

    We are Japan from now until…?

    The last time interest rates in Japan were 6 percent was in 1992. Starting in 1996 interest rates sunk down below 1 percent. They are now zero.

  15. Just wondering, did it fall into the ocean? Maui Land and... [#113473]
    By: Ron Sen (975 comments) Go to top ↑

    Just wondering, did it fall into the ocean? Maui Land and Pineapple (MLP), an underperformer with assets has been tanking.

    Small position entered today.

    • MLP is connected with Steve Case (AOL fame)and its a bit of... [#113478]
      By: Telestar3d (636 comments) Go to top ↑

      MLP is connected with Steve Case (AOL fame)and its a bit of an inbred company. A few years ago Case brought in his friend David Cole to run the compnay (sold a software company Borland? fame). During his short tenure they sold Cole about 90 acres of land in Kapalua at around $2600 per acre. I sure would have liked to have had that deal. The company continued to languish under his tenure.

      This aside MLP owned Kapalua Bay Hotel along with pineapple fields and alot of acreage. The company I’m near certain has sold off all pineapple operations. MLP closed down the hotel and turned it into timeshares or like million dollar properties that it wanted to market to the ultra wealthy. To the best of my knowledge the concept did not take off.

      That said Kapalua is my favorite place on earth, bar none. I have visited the old hotel or golf course condos about 20 times during the last 30 years and it always peaceful and breathe taking. As an aside Cole is now investing in agriculture in Brasil.

      Today the company is probably a real estate play with a poor track record at meeting its goals, perhaps now the turn around is upon.

  16. Im trying to upload the TA I have done for MUX as an... [#113474]
    By: Sync (166 comments) Go to top ↑

    Im trying to upload the TA I have done for MUX as an attachment to this post, but it does not seem to work.

    I am holding right now. Bought some at $3.85, but until I see a reversal I am going to hold.

    P.S. I am writing this from the Rob Mcewen Auditorium in the Schulich building. What irony.

    • Good for you to hold, Sync. If there's one thing I should... [#113476]
      By: 14them34me (295 comments) Go to top ↑

      Good for you to hold, Sync. If there’s one thing I should learn, is to sit on my hands and refrain from trading short term when the big picture is pointing to the blue skies.

  17. Grym You asked: Who is RT? RT, or Russia Today, is a... [#113477]
    By: MoKat (531 comments) Go to top ↑

    Grym

    You asked: Who is RT?

    RT, or Russia Today, is a global television news network. I enjoy a regular program broadcast from Washington
    called Capital Account with Lauren Lyster as well as the Max Kaiser’s report. You can find it at their own site or on You Tube.

    Here’s what Wikopedia says about RT:

    RT, also known as Russia Today, is a government-funded autonomous, non-profit[1] global multilingual television news network based in Russia. It was founded in 2005 as Russia Today by the government-owned[2] news agency RIA Novosti “to become a sort of Russia’s BBC”.[3]
    RT shows round-the-clock news bulletins, documentaries, talk shows, and debates, as well as sports news and cultural programs on Russia. The service is aimed at the overseas news market and broadcast through 22 satellite and 230 cable operators throughout the world. In addition to its English-language broadcast, it also runs Rusiya Al-Yaum, an Arabic language channel, and Spanish-language channels. It also runs a documentary channel. RT has 21 bureaus in 16 countries, with “presences” in Washington, D.C., New York, London, Paris, Delhi, Cairo, Baghdad, Kiev and other cities. It employs over 2,000 media professionals worldwide. It broadcasts to 430 million people in over 100 countries. RT America is available to 50 million people in the United States.[4]
    RT is the second most-watched foreign news channel in the United States, after BBC News.[5] The network’s YouTube channel has gained over 700 million views.[6]

  18. Hi All - For today at least some of the junior explorers in... [#113482]
    By: Luggie (639 comments) Go to top ↑

    Hi All – For today at least some of the junior explorers in this sector have taken flight including my current U3O8 litter being Kivallig, Fussion and Denison. I have not yet seen the weekly spot, but it is trading in the $48/lb. range. Happy Trading

  19. current venture of the 1st employee of silver wheaton, who... [#113483]
    By: jock (1011 comments) Go to top ↑

    current venture of the 1st employee of silver wheaton, who was the youngest CFO ever of an NYSE-listed company. He just listed Sandstorm on the NYSE, and today it hit an all-time high.

    Of course, I could be wrong, but I believe Nolan Watson will become the Warren Buffett of mining finance. 7 minute video from the Denver Gold Show:

    http://www.youtube.com/watch?v=z2j3ZOo-Szk&feature

    for a longer backgrounder on this “wunderkind”:

    http://www.youtube.com/watch?v=efZXdmkucRk&feature

    IMO, he is QUITE a guy, who – at 33 – is just half way through his career!

    • Sandstorm's due diligence applied to juniors can give some... [#113485]
      By: Juniorgoldminerseeker (228 comments) Go to top ↑

      Sandstorm’s due diligence applied to juniors can give some interesting leads to near production, financed juniors
      http://www.sandstormgold.com/projects/

      In the interview Watson suggests he could be spending $300m. Will be interesting to watch where that goes.

      Watson is a director and insider at a few other companies too, Bear Creek silver in Peru and Blue Gold with ex Fronteer management.

  20. News today on an exploration investment position taken by... [#113487]
    By: Juniorgoldminerseeker (228 comments) Go to top ↑

    News today on an exploration investment position taken by Rob McEwen in Manitou

    http://tmx.quotemedia.com/article.php?newsid=54371

    Disclosure – own from higher levels …!

  21. Interesting piece by... [#113491]
    By: Bill Cara (4105 comments) Go to top ↑
  22. I read a bloomberg article/interview with shipping magnate... [#113492]
    By: BillySundance (1355 comments) Go to top ↑

    I read a bloomberg article/interview with shipping magnate John Fredriksen last week and it inspired me to take a look at the shippers.

    http://www.bloomberg.com/news/2012-09-09/ship-magn

    Baltic Dry Index just made a little tick up in the last few days, off of historic lows:

    3month
    http://scharts.co/T1a9Mh

    Nice slow upward grind on MACD and RSI just ticked back above 30.

    3year
    http://scharts.co/T1aFtD

    MACD looks about to turn up. Price looks like its trying to put in double bottom following its low in Jan/Feb of this year. RSI narrowly avoided a second drop below 30 followng Jan/Feb.

    I haven’t jumped in with both feet but I’ve been taking off some nice long index positions that I have held for a couple months (to lock in some profit) and replaced with a small bit long dated call options on DRYS, FRO, and DSX. The idea is to retain additional upside if we see follow through on the global rally. These are pure leveraged asset plays so not being too aggressive but I think there may be some considerable upside when the tide turns.

    Would be interested to hear if anyone else has any insight or follows specific companies in the shipping industry.