Guess Who's Cashing in on Obama

That whistling sound every investor heard on Wednesday morning was the sound of stocks in freefall after the Obama election victory.

Losers weren’t hard to find. Share prices were falling hard among Wall Street’s canyons as financial companies took a swan dive.

Yahoo Finance

Morgan Stanley took the biggest hit with a loss of 8%. Bank of America was off more than 6%, and JPM Morgan came in at the top of the heap with a 5% decline.

Obviously investors and financial giants fear a major regulatory crackdown from the Obama White House. Continue reading "Guess Who's Cashing in on Obama"

Three Points a Jurisdiction Must Meet Before You Invest: Charlie Brookes

The Gold Report: What approach has Praetorian Resources Ltd. (PRAE:LSE) taken toward resource equities at this point?

Charlie Brooks: Praetorian Resources is focusing its attention on scalable and quality assets run by experienced management teams and wherever possible is trying to reduce its exposure to high levels of financing risk.

TGR: Can you explain what Praetorian is?

CB: Praetorian Resources operates exactly like a fund but is actually structured as an investment holding company. We hold 15 investments at the moment, a variety of junior resource companies. Polar Star Mining Corp. (PSR:TSX.V) and Maya Gold Silver Inc. (MYA:TSX.V) are significant investments for us. We also like A-Cap Resources Ltd. (ACB:ASX), which is a Botswana coal and uranium company.

TGR: Why does Praetorian have two tickers on the website? Continue reading "Three Points a Jurisdiction Must Meet Before You Invest: Charlie Brookes"

Gold Chart of the Week

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report

Two words can best define the sentiment of most major markets over the last few days of trading……..RISK ON.

Monday through Thursday last week saw disappointing news in the United States and abroad that dragged on almost everything outside of the US Dollar and the US Treasuries. There were no positive reports in Europe, China, or Japan. Furthermore, things are escalating quickly in Israel and dragging on global sentiment. Lastly, the United States put the blame on Hurricane Sandy after huge misses in the Initial Claims and Philly FED Report. There was also continued pressure on the markets as all major news outlets anticipated the outcome of the Fiscal Cliff debates in Washington. That is, until Friday……… Continue reading "Gold Chart of the Week"

Beyond the "Spotlight"

The GBE Trade Spotlight advisory service applies the GBE trading methodology (buying or selling commodity contracts based on breakouts of chart formations and technical indicators) to identify one to two trade setups per week.

Highlighting This Week’s Potential Breakouts:

December 2012 Australian Dollar

The December 2012 Australian Dollar contract closed at 1.0305 below a lower trend line on November 15. There are three touches on the lower trend line at 1.0089 (10/08/12), 1.0191 (10/23/12), and 1.0340 (11/14/12). In the same November 15 trading session the MACD Indicator crossed over to a bearish signal; the Stochastic indicator crossed over earlier in the week. The market is currently trading below a 20 day exponential Moving Average but right at the 50 day Moving Average. The Trend Seeker (a US Chart Company tool to help identify market trend) is still Up. It appears the market will need further downside movement for the trend to flip bearish to confirm a short entry. The ADX is at 14.05 showing signs of a lack of Momentum currently. A break of a support line consisting of lows at 1.0095 (7/27/12), 1.0077 (9/05/12), and 1.0089 (10/08/12) can see prices break the 1.000 level and test the twelve month low of .9545 (6/01/12). Continue reading "Beyond the "Spotlight""

Is There Wisdom in the Crowd?

Back in the 1960s, a clever but financially disadvantaged fellow placed a small ad in a national magazine that read something like: Money needed. Please send $1 to the address below. Do it today! No specific need was given, and nothing was promised in return, so that fraud could not later be charged.

Yet within a few months, thousands of dollars arrived in his mailbox, a considerable sum in those days. Or so the urban legend goes.

P2P Money

A half-century later, many things have changed, but one thing remains unchanged: People still need money, and they have not ceased to innovate ways in which to get it.

We have written extensively in this space about many of the P2P Internet connections that are transforming the planet... in commerce, in education, in the job market, and with business and social networking. The list of possibilities is truly endless. For yet another example, the world of money has been given a Red-Bull jolt by a fast-growing phenomenon known as "crowdfunding." Continue reading "Is There Wisdom in the Crowd?"