Archive for 'Gold'

Investing in Gold Using Correlations? Beware

Gold

The Markets are just too complex to base your trading on only one set of rules, for example if “X” happens then you should invest in “Y”. There’s always more to it when it comes to being a successful investor. So, if one so called investment expert says that if the GDP is heading down, you should buy Gold. Uh, maybe… 

Of late, I have seen many articles postulating what moves gold up or down. We have heard all the old reasons being put forth from GDP, to a hedge against market volatility to interest rates, to the US Dollar, and many more. Unfortunately, market history simply does not support these reasons as a consistent driver of gold, as I have detailed in many past articles:

In fact, a recent article on gold suggested that “[w]e all know that gold is negatively correlated to GDP growth.” Well, since gold rose between 2000-2008, and as you can see from this attached chart that REAL GDP did as well, are we really sure that we “all know that gold is negatively correlated to GDP growth?”

In fact, take note that the stock market also rose strongly during this same period of time. Moreover, I have seen many other charts presented which offer no evidence that there is any real relationship between gold and GDP.

I have discussed this many times in the past. Correlations cannot be wholly relied upon unless you understand when those seeming correlations will end. And, since most correlation analysis does not present any indication of when those correlations will end, they are no better than using a ruler to determine your projections for any chart.

Such linear analysis will be of no use in determining when a change of trend may occur. And, one does not need such analysis to assume the current trend for anything will continue. In fact, this is likely why so many intra-market analysts have done so poorly in the last 5 years as they failed to see the coming break down in the correlations they follow (even though we were warning about these impending break downs back in 2015).

Price pattern sentiment indications and upcoming expectations

For those following us for the last six years, you would remember that we were not only accurate in our assessment for a top being struck in the metals complex in 2011, but we were also accurate in our assessment for a bottom being struck at the end of 2015.

Since that time, the market has provided us with what looks like a very nice 5-wave structure off the 2015 low, followed by a corrective pullback. Now, when I see a larger degree 5-wave structure (wave 1) being made off a multi-year bottom, followed by a corrective pullback (wave 2), I am on alert for the heart of a 3rd wave to take hold. And, in the metals complex, those are quite breathtaking rallies. For this reason, I have erred on the bullish side of the market as the market was looking like it was setting up for that 3rd wave in 2017.

However, rather than providing us the 3rd wave rally for which I was seeking confirmation, 2017 has been exceptionally frustrating as the market has invalidated several set-ups for that major 3rd wave break out.

Yet, when presented with the same opportunities on any chart, I would have probably reacted in the exact same fashion. Most of the time, the market will follow through on such set ups, while in a minority of circumstances we would see the market continue on a much larger degree 2nd wave pullback. Clearly, the market has decided that 2017 was going to be a year of consolidation.

Even though we have not had the 3rd wave break out, we have not yet broken any of the lows we identified throughout the year. And, for those that have heeded my warnings about not using leverage until the market proved itself to be within its 3rd wave, you could have still made money on each of these rallies. In fact, the GDX is approximately 10% over the lows we identified this year, even though it may not “feel” that way due to the frustration we have all felt with this current consolidation.

 However, as I have been warning for the last few weeks, the GDX may be signaling it could break below those pullback lows we have struck this year. But, much depends on how high the rally I am expecting in the complex takes us.

If the GDX is able to make a higher high in the 26 region in the coming weeks, then it leaves the door open that green wave (2) may not break below the July lows. However, if the market is unable to develop a higher high over that struck in September, and then breaks below the low made before the current rally began, it opens the door to the GDX dropping down towards the 17 region before year end to complete a much more protracted wave ii, as presented in yellow on the daily GDX chart.

My preference still remains that GDX, silver and GLD all make a higher high in the coming weeks, which would put a more bullish stance upon the complex (even though another drop will likely take us into the end of the years), I really have nothing to which I can point that would suggest this will occur within a high degree of probability.

So, I have turned extremely cautious of the complex, at least until it proves itself with a higher high being struck in the coming weeks. Until such time, I am going to be more protective of my positions.

And for those who are still viewing this market from an extremely bullish perspective, I will be honest with you and tell you that I do not see any high probability set-up which would suggest the market is going to imminently break out in the heart of a 3rd wave just yet.

For this reason, I think that one can maintain a certain amount of patience (as if 2017 has not forced you to be patient enough), as even if we see a rally to a higher high, it will likely be followed by another pullback (as a wave (2) in GDX and a c-wave in GLD and silver) before we are finally ready to break out over the 2016 market highs.

More on Gold Investing

 

U.S About to Become a Buyer in Gold Market?

Gold Investments

It’s not as far fetched as you might think.

One source predicts that it could happen

within the next one  to three years.

History actually shows that it has

happened in the past and it looks like it’s

ready to come about again. We could see

the price of Gold skyrocket to over $5,000

per ounce.

 

A huge new buyer is about to enter the gold market. That could be a year off, maybe two, or three at the most.

I’ll give you a hint who: your taxes will pay for it. If true, it could send the price of the barbarous relic soaring above $5,000 an ounce, a target long led by the Armageddon crowd.

When I spoke to a senior official at the Federal Reserve the other day, I couldn’t believe what I was hearing.

If the American economy moves into the next recession with interest rates already near zero, the markets will take the interest rates for all interest bearing securities well into negative numbers. At that point, our central bank’s primary tool for stimulating US businesses will become utterly useless, ineffective, and impotent.

What else is in the tool bag?

How about large-scale purchases of Gold (GLD)?

You are probably as shocked as I am with this possibility. But there is a rock-solid logic to the plan. As solid as the vault at Fort Knox.

The idea is to create asset price inflation that will spread to the rest of the economy. It already did this with great success from 2009 to 2014 with quantitative easing, whereby almost every class of debt securities were hoovered up by the government.

“QE on steroids”, to be implemented only after overnight rates go negative, would involve large scale purchases of not only gold, but stocks, government bonds, and exchange-traded funds as well.

If you think I’ve been smoking California’s largest cash export (it’s not the sunshine), you would be in error. I should point out that the Japanese government is already pursuing QE to this extent, at least in terms of equity type investments.

And, as the history buff that I am, I can tell you that it has been done in the US as well, with tremendous results.

If you thought that President Obama had it rough when he came into office in 2009, it was nothing compared to what Franklin Delano Roosevelt inherited. The country was in its fourth year of the Great Depression. US GDP had cratered by 43%, consumer prices crashed by 24%, the unemployment rate was 25%, and stock prices vaporized by 90%. Mass starvation loomed. Drastic measures were called for.

FDR issued Executive Order 6102 banning private ownership of gold, ordering them to sell their holding to the US Treasury at a lowly $20.67 an ounce. He then urged congress to pass the Gold Reserve Act of 1934, which instantly revalued the government’s holdings at $35.00, an increase of 69.32%. These and other measures caused the value of America’s gold holdings to leap from $4 to $12 billion.

 

More on Gold

Gold, Silver, Copper & Oil-Oh My!

Gold prices hit a five year low earlier this week and some have attributed the decline that Chinese investors are selling to meet margin demands.  There’s also less  Chinese demand for copper, silver,  iron , oil and palladium and that decreased demand will continue through the rest of the year. You also have to factor in the relation of a stronger US  Dollar to weaker commodity prices overall.

See more about Gold and Oil

Fast Growing Index Business Creates Opportunities

Fast Growing Index Business Creates Opportunities-Image by milletre via Flickr

McGraw-Hill (NYSE: MHP), one of the world’s foremost financial information companies and owner of S&P Indices, and CME Group (NASDAQ: CME), the world’s leading and most diverse derivatives marketplace and 90-percent owner of the CME Group/Dow Jones joint venture, announced today an agreement to establish a new joint venture in the rapidly growing index business.  Under the terms of the agreement, which has been approved by the Boards of both companies, McGraw-Hill will contribute its S&P Indices business and the CME Group/Dow Jones joint venture will contribute the Dow Jones Indexes business to create S&P/Dow Jones Indices, a global leader in index services with annual revenue of more than $400 million.  Approximately $6 trillion in assets are benchmarked against these leading indices.

McGraw-Hill will own 73 percent of S&P/Dow Jones Indices, CME Group will own 24.4 percent through its affiliates, and Dow Jones will own 2.6 percent.  S&P/Dow Jones Indices is expected to be operational in the first half of 2012, subject to regulatory approval and customary closing conditions.  The new company will become part of the new McGraw-Hill Markets company following the separation of McGraw-Hill into two public companies, as announced on September 12, 2011.

As part of the new joint venture, S&P/Dow Jones Indices will enter into a new license agreement whereby CME Group will pay S&P Indices a share of the profits of CME Group’s equity product complex, which is their trading and clearing business for futures, swaps and options on futures.  In addition, the new license agreement expands the products covered under the license to include swaps and extends CME Group’s existing exclusive rights (currently in place through December 31, 2017) to the E-mini and other S&P indexed futures.

Harold McGraw III, chairman, president and chief executive officer of McGraw-Hill, said, “This joint venture expands our dynamic index business and accelerates the growth of the new McGraw-Hill Markets company.  By combining our unique and complementary strengths, we are creating a leading global index provider with the breadth and depth to provide both retail and institutional investors with the cutting-edge products and services they need to make sound investment decisions in today’s complex markets.  In addition, McGraw-Hill Markets will benefit from the new license agreement that changes S&P’s Indices’ relationship with CME Group from a transactional fee-per-trade model to a partnership in which S&P Indices participates in the profits of CME Group’s overall equity product complex.”

Terry Duffy, CME Group executive chairman, said, “This new joint venture reflects CME Group’s continued commitment to creating trading opportunities for our global customer base.  Through the new JV company, we look forward to developing leading risk-management solutions in equity indexes and across other asset classes, as well as diversifying our revenue streams, thereby creating value for our shareholders and customers in both institutional and retail client segments.”

Craig Donohue, CME Group chief executive officer, said, “As part of our global growth strategy, CME Group has continued to expand our index services business, both through our own index futures and options products as well as through new product development at our Dow Jones Indexes subsidiary.  The expanded partnership announced today not only creates a leading index services provider that will benefit our customers and shareholders, but also will deliver new opportunities for innovation, including a long-term, ownership-based exclusive global license for CME Group to use the S&P 500® for futures and options on futures products going forward.”

The transaction is expected to be immediately accretive to McGraw-Hill’s earnings and S&P/Dow Jones Indices is expected to drive profit growth by:

  • Increasing revenue through international and asset-class expansion, new product development, enhanced market data offerings and increased cross-selling opportunities
  • Achieving cost savings and accelerating time to market by leveraging technology, data procurement, other back office functions and McGraw-Hill Markets’ infrastructure
  • Reducing capital requirements and generating free cash flow for parent companies.

 

Alexander Matturri, executive managing director of S&P Indices, will be chief executive officer of S&P/Dow Jones Indices and Lou Eccleston, president of McGraw-Hill Financial, will chair the company’s seven-member Board that will include five directors designated by McGraw-Hill and two by CME Group.

Matturri said, “Those who rely on indices worldwide – from product issuers to exchanges to investors – will benefit from a deeper lineup of indices as well as a business model focused on innovation, performance and impact.  Combining S&P Indices’ institutional strength with CME Group’s global exchange partnerships and Dow Jones Indexes’ retail focus will optimize our ability to respond to the changing global environment with increased speed and efficiency.  Just as important, the structure of the joint venture is flexible enough to allow us to maintain our existing exchange relationships and work with other potential partners that could bring additional capabilities to the new company.”

All current indices will retain their brand names (S&P or Dow Jones).  The S&P 500 and the Dow Jones Industrial Average® will continue to be separately maintained and licensed as the basis for a wide variety of funds and financial instruments.  This transaction does not affect existing licensing agreements with other exchanges, nor does it preclude entering into future agreements with additional providers.

Other provisions of the agreement include:

  • McGraw-Hill will acquire London-based Credit Market Analysis Ltd. (CMA), a leading source of independent data in the over-the-counter markets, from CME Group.  This acquisition significantly expands McGraw-Hill’s asset-class coverage for data and pricing and adds the technology to move into intraday quotes on derivative and other OTC securities.
  • A separate license agreement between Platts, a unit of McGraw-Hill, and CME Group/NYMEX will be extended.

 

McGraw-Hill was advised by BofA Merrill Lynch, Goldman Sachs and Deutsche Bank.  Barclays Capital acted as exclusive financial advisor to CME Group.

Conference Call/Webcast Scheduled for 8:00 am Eastern Time on November 4, 2011:  Harold McGraw III, chairman, president and CEO of The McGraw-Hill Companies, and Craig Donohue, CEO of the CME Group will host a joint conference call this morning, November 4, at 8:00 AM Eastern Time.  This call is open to all interested parties.  Discussions may include forward-looking information.  Additional information presented on the conference call may be made available on the corporations’ respective Investor Relations Web sites at www.mcgraw-hill.com/investor_relations and www.cmegroup.com.

Webcast Instructions:  Live and Replay

The webcast will be available live and in replay through the corporations’ respective Investor Relations Web sites via the following link: http://investor.mcgraw-hill.com/phoenix.zhtml?p=irol-eventDetails&c=96562&eventID=4225043. (Please copy and paste URL into Web browser.)  The archived replay will be available beginning two hours after the conclusion of the live call and will remain available for one year.

Telephone Access:  Live and Replay

Telephone participants are requested to dial in by 7:50 AM.  The passcode is “McGraw-Hill” and the conference leader is Harold McGraw III.

  • For callers in the U.S.: (888) 391-6568
  • For callers outside the U.S.: +1 (415) 228-4733 (long distance charges will apply)

The recorded telephone replay will be available beginning two hours after the conclusion of the call and will remain available until December 5, 2011.

  • For callers in the U.S.: (800) 348-3514
  • For callers outside the U.S.: +1 (402) 220-9676 (long distance charges will apply)

Presenters’ Slides & Remarks

The presenters’ slides will be made available for downloading at the conclusion of the conference call/webcast on the corporations’ respective Investor Relations Web sites at www.mcgraw-hill.com/investor_relations and www.cmegroup.com.  The final prepared remarks will be available for downloading by the end of the business day.

Forward-looking Statements

The forward-looking statements in this news release involve risks and uncertainties and are subject to change based on various important factors, including worldwide economic, financial, liquidity, political and regulatory conditions; the health of debt and equity markets, including possible future interest rate changes; the successful marketing of competitive products; the effect of competitive products and pricing; the risk that the transactions described herein are not consummated on their terms; and other matters described in McGraw-Hill’s filings with the SEC.

About The McGraw-Hill Companies:  McGraw-Hill, which announced on September 12, 2011, its intention to separate into two public companies – McGraw-Hill Markets (working name), primarily focused on global capital and commodities markets and McGraw-Hill Education focused on digital learning and education services worldwide – is a leading global financial information and education company that helps professionals and students succeed in the Knowledge Economy.  Leading brands include Standard & Poor’s, S&P Capital IQ, S&P Indices, Platts energy information services, J.D. Power and Associates and McGraw-Hill Education.  With sales of $6.2 billion in 2010, the Corporation has approximately 21,000 employees across more than 280 offices in 40 countries.  Additional information is available at http://www.mcgraw-hill.com/.

About S&P Indices:  S&P Indices, a leading brand of The McGraw-Hill Companies, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor’s family of indices, which includes the S&P 500, the world’s most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry’s most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.

About CME Group:  As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.  CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the world’s leading central counterparty clearing providers, which offers clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®.  These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.

About Dow Jones Indexes:   Dow Jones Indexes is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is part of a joint venture company owned 90 percent by CME Group and 10 percent by Dow Jones & Company, Inc., a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV).

Investors Relations Contacts:

McGraw-Hill
Donald S. Rubin
Senior Vice President, Investor Relations
(212) 512-4321 (office)
donald_rubin@mcgraw-hill.com

CME Group
John Peschier
Managing Director, Investor Relations
(312) 930-8491
john.peschier@cmegroup.com

News Media Contacts:

McGraw-Hill
Patti Rockenwagner
Senior Vice President, Corporate Communications
(212) 512-3533
patti_rockenwagner@mcgraw-hill.com

S&P Indices
David Guarino
Director, Communications
(212) 438-1471
dave_guarino@standardandpoors.com

CME Group
Laurie Bischel
Director, Corporate Marketing & Communications
(312) 907-0003
laurie.bischel@cmegroup.com

Web Site: http://www.mcgraw-hill.com

Gold Investments Offer A Good Source of Diversification

Gold Investments Offer A Good Source of Diversification-Image via Wikipedia

A distinct allocation to gold within a portfolio including alternative assets such as private equity, hedge funds, real estate and commodities, can preserve capital and reduce risk without diminishing long-term returns, concludes the latest research from the World Gold Council.

The report, Gold: Alternative investment, foundation asset, analyses the effect gold has when included in a portfolio of mainstream and alternative assets. The research shows that portfolios with an allocation to gold of between 3.3% and 7.5% (depending on the risk tolerance of the investor and the currency of reference)(1) show higher risk-adjusted returns while consistently lowering Value at Risk (VaR).

Juan Carlos Artigas, Investment Research Manager for the World Gold Council, said: “Alternative assets have gained acceptance among private and professional investors over the past decade as they look to increase risk-adjusted returns. However, many of these assets can have higher correlations to mainstream assets than investors once thought. Including gold can produce distinct benefits to the performance of an alternatives portfolio due to its deep liquidity, low correlation to most asset classes and outperformance during periods of systemic risk.

“Gold’s unique characteristics make it a good source of diversification, and also provide a foundation which investors can use to manage risk and preserve capital.”

Given the current economic climate, the report also explores the past performance of diversified portfolios during periods of financial stress. The results highlight that on multiple occasions gold would have reduced the loss during these periods of stress while keeping similar or better risk-adjusted returns over longer periods of time.

Highlights from the report include:

  • New money into hedge funds and private equity has doubled AUM over the past decade.  Over the same period, gold holdings by private investors have increased by 24%. Gold remains an under-owned asset making up only 1% of global financial assets in private hands.
  • Gold helps to manage risk effectively by increasing risk-adjusted returns and reducing extreme losses for a range of portfolios combining traditional and non-traditional assets.
  • The benefit of holding gold within a portfolio cannot be replicated by solely investing in non-traditional assets.
  • Gold acts as a cost-effective form of protection that does not negatively affect and sometimes benefits long-term expected returns, while reducing risk in times of economic turmoil.
  • During seven periods regarded to be ‘tail-risk’ events from January 1987 – June 2011, portfolios that included gold tended to perform better (by either posting gains or reducing losses) than those without.
  • An allocation to gold can benefit investors with different levels of risk tolerance and diverse allocations denominated in US dollars, euro and pounds sterling.

 

The full report can be viewed at: www.gold.org/media/

Note to editors:

World Gold Council

The World Gold Council is the market development organisation for the gold industry. Working within the investment, jewellery and technology sectors, as well as engaging in government affairs, our purpose is to provide industry leadership, whilst stimulating and sustaining demand for gold.

We develop gold-backed solutions, services and markets, based on true market insight. As a result, we create structural shifts in demand for gold across key market sectors.

We provide insights into the international gold markets, helping people to better understand the wealth preservation qualities of gold and its role in meeting the social and environmental needs of society.

Based in the UK, with operations in India, the Far East, Europe and the US, the World Gold Council is an association whose members include the world’s leading and most forward thinking gold mining companies. For further information visit www.gold.org.

(1) The paper concentrates on standard portfolios (with a 55% allocation to equities, 25% to fixed income, at most 5% to cash, and the remaining 15%-20% distributed optimally among alternative assets) as well as conservative portfolios (30% equities, 50% fixed income, at most 10% cash and the remaining 10%-20% distributed optimally among alternative assets) for investors with a US dollar, euro, and pound sterling perspective.

CONTACT: David Schraeder, World Gold Council, +1-212-317-3816, David.Schraeder@gold.org; or Matthew Caruso, MSL, +1-646-500-7794, Matthew.Caruso@mslgroup.com

Web Site: http://www.gold.org

Top Financial Planners List Released by Barrons

CFP Board of Standards is proud to announce that 46 CFP® professionals were named in “Barron’s List of Top 100 Independent Wealth Advisors of 2011.”

“I want to extend my sincere congratulations to the 46 CERTIFIED FINANCIAL PLANNER professionals named to Barron’s Top 100 Independent Wealth Advisors of 2011,” said CEO of CFP Board Kevin Keller, noting that Robert Glovsky, CFP® – a former Chair of CFP Board’s Board of Directors – appears again on this esteemed list.  “This is a great honor that highlights their dedication to clients, their individual practices and to the financial planning profession.”

Barron’s generates this list based upon the volume of assets overseen by the advisors and their teams, revenues generated for the firms and the quality of the advisors’ practices.

For Barron’s full list, visit http://online.barrons.com/report/top-financial-advisors/independent.

“It is rewarding to see CFP® professionals take their practices above and beyond what is expected of them,” said current Board Chair Charles Moran, CFP®. “As CFP® professionals, we are held to high standards of practice and ethics by CFP Board. Barron’s recognition of these dedicated CFP® professionals reflects well on the standards of excellence that more than 63,000 CFP® professionals maintain on a daily basis.”

Name Practice Name Location
Robert A. Clarfeld, CFP® Clarfeld Financial Advisors, Inc. Tarrytown, New York
Ron Carson, CFP® Carson Wealth Management Group Omaha, Nebraska
Peter Mallouk, CFP® Creative Planning, Inc. Leawood, Kansas
Debra Wetherby, CFP® Wetherby Asset Management San Francisco, California
Jon Waldron, CFP® Waldron Wealth Management Bridgeville, Pennsylvania
Tom Tracy, CFP® Aspiriant San Francisco, California
Brian Holmes, CFP® Signature Estate & Investment Advisors, LLC Los Angeles, California
Steven Weinstein, CFP® Altair Advisers LLC Chicago, Illinois
John Lesser, CFP® Plante Moran Financial Advisors Auburn Hills, Michigan
Michael Yoshikami, CFP® YCMNET Advisors Walnut Creek, California
Andy Berg, CFP® Homrich & Berg Inc Atlanta, Georgia
Timothy Grimes, CFP® Grimes & Company, Inc. Westborough, Massachusetts
Dale Yahnke, CFP® Dowling & Yahnke, LLC San Diego, California
Charles Zhang, CFP® Zhang Financial Portage, Michigan
Susan Kaplan, CFP® Kaplan Financial Services Newton, Massachusetts
Grant Rawdin, CFP® Wescott Financial Advisory Group LLC Philadelphia, Pennsylvania
Christopher Cordaro, CFP® RegentAtlantic Capital Morristown, New Jersey
Scott Tiras, CFP® Ameriprise Financial Services Houston, Texas
Mark Dixon, CFP® Plante Moran Financial Advisors Southfield, Michigan
Thomas Myers, CFP® Brownson, Rehmus & Foxworth, Inc. Menlo Park, California
David Bugen, CFP® RegentAtlantic Capital Morristown, New Jersey
Scott T. Henson, CFP® Hanson McClain Advisors Sacramento, California
Brent Brodeski, CFP® Savant Capital Management, Inc Rockford, Illinois
Gregg Fisher, CFP® Gerstein Fisher & Associates Inc New York, New York
Andrew McMorrow, CFP® Ballentine Partners, LLC Waltham, Massachusetts
Thomas B. Gau, CFP® Retirement Planning Specialists, Inc. Ashland, Oregon
Charles Brighton, CFP® Brighton Jones, LLC Seattle, Washington
Stephan Cassaday, CFP® Cassaday & Company Inc McLean, Virginia
Joel Isaacson, CFP® Joel Isaacson & Co., LLC New York, New York
Claudia Shilo, CFP® Ballentine Partners, LLC Wolfeboro, New Hampshire
Greg Sullivan, CFP® Harris SBSB McLean, Virginia
Jeffrey Lancaster, CFP® Bingham Osborn & Scarborough LLC San Francisco, California
Kevin Myeroff, CFP® NCA Financial Planners Mayfield Heights, Ohio
Don DeWaay, CFP® DeWaay Capital Management Clive, Iowa
Frederick Paulman, CFP® RMB Capital Management Chicago, Illinois
John Adams Vaccaro, CFP® Westport Resources Management Westport, Connecticut
Gerard Klingman, CFP® Klingman and Associates, LLC New York, New York
Malcolm Makin, CFP® Professional Planning Group Westerly, Rhode Island
Charles Thoele, CFP® Robertson Griege & Thoele Dallas, Texas
Michael Chasnoff, CFP® Truepoint Inc. Cincinnati, Ohio
Randall Linde, CFP® Ameriprise Financial Services, Inc. Renton, Washington
Ronald Weiner, CFP® Retirement Design & Management, Inc. Westport, Connecticut
Robert Glovsky, CFP® Mintz Levin Financial Advisors Boston, Massachusetts
Lewis Altfest, CFP® L.J. Altfest & Company Inc. New York, New York
Robert Fragasso, CFP® Fragasso Financial Advisors Pittsburgh, Pennsylvania
Rick Van Benschoten, CFP® Lenox Advisors Inc New York, New York

ABOUT CFP BOARD
The mission of Certified Financial Planner Board of Standards (CFP Board) is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for personal financial planning. The Board of Directors, in furthering CFP Board’s mission, acts on behalf of the public, CFP® professionals and other stakeholders. CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.  CFP Board currently authorizes more than 63,000 individuals to use these marks in the U.S.  For more information about CFP Board, visit www.CFP.net or call 800-487-1497.

CONTACT: Dan Drummond, Director of Public Relations, +1-202-379-2252, M: +1-202-550-4372, ddrummond@cfpboard.org Twitter: @cfpboardmedia

Web Site: http://www.cfp.net

Precious Metals Take a Dive in September

Precious Metals Take a Dive in September

Precious Metals Take a Dive in September-Image by digitalmoneyworld via Flickr

Nelson Louie, Global Head of Commodities in Credit Suisse’s Asset Management division, said, “Investor and consumer sentiment has continued to deteriorate and this may further impact the rate of economic growth.  However, fundamentals for certain commodities remain positive.  Prices will continue to be sensitive to exogenous shocks (i.e. labor unrest, geo-political risk, weather related disruptions) in the face of tightening global supplies and higher demand over the last several years.  While investors have been increasingly focused on a possible sharp China slowdown this year, the main source of volatility in commodities demand over the coming months may be derived from European economies rather than from China.”

Christopher Burton, Senior Portfolio Manager for the Credit Suisse Total Commodity Return Strategy, added, “Overall, fiscal and monetary policies in the US and Europe are expected to remain accommodative.  In addition, the amount of easing and the length of the stimulus period are likely to increase as policy makers continue their debate.  Such measures will most likely increase the odds of greater-than-expected inflation over time.  The reconciliation of these issues can impact traditional asset classes and commodities in different ways.  We believe investors will continue to benefit from the long term diversification benefits that commodities provide.”

The Dow Jones-UBS Commodity Index Total Return was down by 14.73% in September.  Overall, 17 out of 19 index constituents decreased in value.  Industrial Metals was the worst performing sector, given the sector’s high correlation with global growth, ending the month down 20.06%.  Signs continued to suggest growth would slow in the developed world while worries over the sustainability of China’s growth intensified.  Chinese and European Purchasing Managers Index (“PMI”) readings came in weaker than expected.  However, Chinese trade data has continued to hold up thus far.  Refined Copper imports continued their recovery from April’s lows; Aluminum imports rose sharply, turning China once more into a net importer; and Zinc imports climbed strongly month-on-month.  Agriculture ended the month lower, losing 18.97%, as grains led the complex lower on improved weather conditions and better-than-expected inventories.  Precious Metals also ended the month lower, losing 15.61%, led by Silver. The flight to US Treasuries and demand for US dollars towards the end of the month resulted in Gold being liquidated alongside other assets.  The Energy sector posted a loss of 11.23%, with all components trading lower.  While global Crude Oil demand growth has slowed from the high base of last year, fundamental data releases remain broadly supportive for the crude complex and demand remains healthy versus historical standards.  Livestock was the strongest sector, gaining 7.65% for September due to continued strong export demand and falling grain prices.

The Credit Suisse Total Commodity Return Strategy group periodically produces updates on relevant industry topics. For a copy of the team’s white paper, “Commodities Outlook: Increased Volatility, Increase Opportunity?“, please email csam.commodities@credit-suisse.com.

About the Credit Suisse Total Commodity Return Strategy

Credit Suisse’s Total Commodity Return Strategy has been managed for 17 years and seeks to outperform the return of a commodities index, such as the Dow Jones–UBS Commodity Index Total Return or the S&P GSCI Total Return Index, using both a quantitative and qualitative commodity research process. Commodity index total returns are achieved through:

  • Spot Return: price return on specified commodity futures contracts;
  • Roll Yield: impact due to migration of futures positions from near to far contracts; and
  • Collateral Yield: return earned on collateral for the futures.

As of September 30, 2011 the team managed approximately USD 10.1 billion in assets globally.

An investment in commodities is not a complete investment program and should represent only a portion of an investor’s portfolio management strategy.  Investment in commodity markets may not be suitable for all investors. Commodity markets are highly volatile and the risk of loss in commodities and commodity-linked investments can be substantial.

Credit Suisse AG

Credit Suisse AG is one of the world’s leading financial services providers and is part of the Credit Suisse group of companies (referred to here as ‘Credit Suisse’). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 50,700 people. The registered shares (CSGN) of Credit Suisse’s parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Asset Management

In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including hedge funds, credit, index, real estate, commodities and private equity products, as well as multi-asset class solutions, which include equities and fixed income products. Credit Suisse’s Asset Management business manages portfolios, mutual funds and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 19 countries, Credit Suisse’s Asset Management business is operated as a globally integrated network to deliver the bank’s best investment ideas and capabilities to clients around the world.

All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types.

Important Legal Information

This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not a guide to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.

Certain information contained in this document constitutes “Forward-Looking Statements” (including observations about markets and industry and regulatory trends as of the original date of this document), which can be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “target”, “project”, “estimate”, “intend”, “continue” or “believe”, or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties beyond our control, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Credit Suisse has no obligation to update any of the forward-looking statements in this document.

Certain risks relating to investing in Commodities and Commodity-Linked Investments:   Exposure to commodity markets should only form a small part of a diversified portfolio. Investment in commodity markets may not be suitable for all investors. Commodity investments will be affected by changes in overall market movements, commodity volatility, exchange-rate movements, changes in interest rates, and factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. Commodity markets are highly volatile. The risk of loss in commodities and commodity-linked investments can be substantial. There is generally a high degree of leverage in commodity investing that can significantly magnify losses. Gains or losses from speculative derivative positions may be much greater than the derivative’s original cost. An investment in commodities is not a complete investment program and should represent only a portion of an investor’s portfolio management strategy.

Copyright © 2011, CREDIT SUISSE GROUP AG and/or its affiliates.  All rights reserved.

CONTACT: Katherine Herring, Corporate Communications, +1-212-325-7545, katherine.herring@credit-suisse.com

Web Site: http://www.credit-suisse.com

Top Traded Penny Stocks Released

Pennystocksinsiders.com (PSI) has issued Equity Research for top traded penny stocks: Clearwire (NASDAQ: CLWR), ON Semiconductor (NASDAQ: ONNN), RF Micro Devices (NASDAQ: RFMD). More reports for NetApp (NASDAQ: NTAP), Nuance (NASDAQ: NUAN), Entropic (NASDAQ: ENTR).

All penny stocks companies have one thing in common, the lack of information transparency. No one knows better than penny stock insiders like CEOs, CFOs, and Directors about company’s future business development; follow the insider trade may be the only way to reduce risk in trading penny stocks as short term investments.

(Read full report by clicking the link below, you may need to copy and paste the full link to your browser.)

Research Report Highlights:

Clearwire Corporation (NASDAQ: CLWR): Do You Believe Money Loser

Insider Trade Signals: Clearwire Corp. (CLWR), the money-losing wireless broadband provider, plunged 32 percent after Sprint Nextel Corp. (S) signaled it may end the companies’ partnership after the current accord ends in 2012. Want to find out if insiders are trading at the same time and same direction?

Read Full Report: http://www.pennystocksinsiders.com/PR/101111A/CLWR/Clearwire.pdf

ON Semiconductor Corp. (NASDAQ: ONNN): Big Price Mover

Insider Trade Signals: ON Semiconductor Corporation (ON Semiconductor) is a supplier of silicon solutions for energy electronics. The Company designs, manufactures and markets a portfolio of semiconductor components. In the past 52 weeks, ON Semiconductor share prices have been bracketed by a low of $6.53 and a high of $11.95 and are now at $7.07, 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.2% while the 200-day MA has slid 0.4%. This company’s stock price is building strong momentum so why insiders are selling now?

Read Full Report: http://www.pennystocksinsiders.com/PR/101111A/ONNN/ONSemiconductor.pdf

RF Micro Devices, Inc. (NASDAQ: RFMD): Could RFMD Be Leader

Insider Trade Signals: RF Micro Devices, Inc. (Nasdaq: RFMD), a global leader in the design and manufacture of high-performance radio frequency components and compound semiconductor technologies, today announced a strategic initiative to extend RFMD’s industry leadership in compound semiconductor technologies into a broad array of adjacent non-RF growth markets. The strategic initiative includes the formation of a new business group, the Compound Semiconductor Group (CSG), which will operate alongside RFMD’s Cellular Products Group (CPG) and RFMD’s Multi-Market Products Group (MPG). RFMD forecasts the total available market (TAM) for non-RF applications addressed by CSG will exceed $1.5 billion in calendar 2015. Do you want to know if any institutional investors are buying/selling the stocks you are holding?

Read Full Report: http://www.pennystocksinsiders.com/PR/101111A/RFMD/RFMicroDevices.pdf

Today we released other research report for:

NetApp Inc. (NASDAQ: NTAP)
Read Full Report: http://www.pennystocksinsiders.com/PR/101111A/NTAP/NetApp.pdf

Nuance Communications Inc. (NASDAQ: NUAN)
Read Full Report: http://www.pennystocksinsiders.com/PR/101111A/NUAN/Nuance.pdf

Entropic Communications, Inc. (NASDAQ: ENTR)
Read Full Report: http://www.pennystocksinsiders.com/PR/101111A/NFLX/Netflix.pdf

More Individual Stock Reports & Sector Reports:
http://www.pennystocksinsiders.com/mediaroom/

Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.

About Pennystocksinsiders.com:

Pennystocksinsiders.com features a team of experienced data analysts striving to provide the investment community with the tools, software, and data necessary to carry out more effective investment research.

Important Disclaimer:
Please visit http://www.pennystocksinsiders.com/disclaimers/index.php for details.

http://www.pennystocksinsiders.com/index.php
http://www.pennystocksinsiders.com/mediaroom/761/
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Learn How to Trade the Forex Markets with Easy Video Tutorials

Learn How to Trade the Forex Markets with Easy Video Tutorials-Image via Wikipedia

Award-winning forex dealer FX Solutions ( http://www.fxsolutions.com ) is hosting a range of trading platform tutorials to help its clients react quickly and effectively to market movements.

These easy-to-use video guides cover everything from logging on to entering, managing and closing trades across all four FX Solutions platforms. If a trader wishes to enable one-click trading, understand the forex calculator or place an order, FX Solutions offers a video to show them how.

As well as offering an educational menu perfect for new traders, FX Solutions was recently named ‘Overall Best Forex Broker [http://www.fxsolutions.com/company-info/company-news/overall-best-forex-broker.asp ] ‘ for veteran traders by SmartMoney magazine. Accepting the accolade, FX Solutions CEO Michael Cairns commented: “To be singled out in such a highly regarded publication is a true testament to the FX Solutions overall value proposition. We love traders of all experience levels and I’m pleased SmartMoney agrees we are well suited for the most savvy and experienced traders.”

To learn more about trading with FX Solutions, visit http://www.fxsolutions.com

Forex trading involves substantial risk of loss and is not suitable for all investors.

About FX Solutions

FX Solutions [http://www.fxsolutions.com ] is a leading foreign exchange dealer with a focus on advanced forex trading [http://www.fxsolutions.com/trading/forex.asp ] technologies, transparency of transaction and unparalleled customer service. FX Solutions serves retail clients, white label partners, institutional trading partners and introducing brokers in over 140 countries.

FX Solutions’ products are regulated in the United States, United Kingdom and Australia. FX Solutions in the United States is regulated as a member of National Futures Association, and registered with the Commodity Futures Trading Commission as a Futures Commission Merchant/Forex Dealer Member. In the United Kingdom, FX Solutions is a registered trading name of City Index Limited which is authorized and regulated by the Financial Services Authority. FX Solutions in Australia is a registered trading name of City Index Australia Pty Ltd. which is authorized and regulated by the Australian Securities and Investments Commission.

For more on forex currency trading online [http://www.fxsolutions.com/trading ], please visit http://www.fxsolutions.com http://www.fxsol.co.uk and http://www.fxsolutions.com.au

Contact: Paul Cassidy, FX Solutions, +1-201-345-2210, pcassidy@fxsol.com

Top Picks for Penny Stocks Released

Pennystocksinsiders.com (PSI) has issued Equity Research for top traded penny stocks: VirnetX (AMEX: VHC), General Moly (AMEX: GMO), Vista Gold (AMEX: VGZ). More reports for QUALCOMM (NASDAQ: QCOM), Chesapeake (NYSE: CHK) & Starbucks (NASDAQ: SBUX).

Many investors like to invest in good penny stocks, but it is hard to find a penny stocks that may double its stock price in a week as there are over 9,000 penny stocks listed in the exchanges.  It is easier to start searching penny stocks with huge insider trade in the past few weeks.

Research Report Highlights:

VirnetX Holding Corporation (AMEX: VHC): Company Struggled with Litigation

Insider Trade Signals: “We went into litigation against Apple and Cisco fully expecting reexamination requests,” said Kendall Larsen, VirnetX CEO and President. “These reexamination decisions are no surprise as the majority of reexamination requests made to the USPTO are granted. We welcome these reexamination proceedings as we believe the outcome will only further validate our patent that was already examined by the USPTO in 2010 when all of its claims were found valid and patentable. We are optimistic and remain confident that we will prevail at the conclusion of these reexamination proceedings.” PSI found company insiders sold stock shares by the end of month. Do you want to know who they are? Want to find out how they do it?

Read Full Report: http://www.Pennystocksinsiders.com/PR/100511A/VHC/VirnetX.pdf

General Moly, Inc. (AMEX: GMO): Smart Money Seems No Worries about Stock Price

Insider Trade Signals: General Moly announced an 18% increase in molybdenum and a 47% increase in copper contained at the liberty project. Since insiders such as CEOs, CFOs and Directors have better access to company non-public information; investors would be wise to pay close attention to their stock trading behavior. Are they being overly optimistic?

Read Full Report: http://www.Pennystocksinsiders.com/PR/100511A/GMO/GeneralMoly.pdf

Vista Gold Corp. (AMEX: VGZ): Company Directors Sold Their Shares

Insider Trade Signals: Vista Gold (AMEX: VGZ) is one of today’s worst performing low-priced stocks, down 2.5% to $3.08 on 0.2x average daily volume. Thus far today, Vista Gold has traded 309,000 shares, vs. average volume of 1.4 million shares per day. Want to find out if insiders are trading at the same time and same direction?

Read Full Report: http://www.Pennystocksinsiders.com/PR/100511A/VGZ/VistaGold.pdf

Today we released other research reports for:

QUALCOMM, Inc. (NASDAQ: QCOM)

Read Full Report: http://www.Pennystocksinsiders.com/PR/100511A/QCOM/QUALCOMM.pdf

Chesapeake Energy Corporation (NYSE: CHK)

Read Full Report: http://www.Pennystocksinsiders.com/PR/100511A/CHK/Chesapeake.pdf

Starbucks Corporation (NASDAQ: SBUX)

Read Full Report: http://www.Pennystocksinsiders.com/PR/100511A/SBUX/Starbucks.pdf

More Individual Stock Reports & Sector Reports:
http://www.Pennystocksinsiders.com/mediaroom/

Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.

About Pennystocksinsiders.com:

Pennystocksinsiders.com features a team of experienced data analysts striving to provide the investment community with the tools, software, and data necessary to carry out more effective investment research.

Important Disclaimer:

Please visit http://www.Pennystocksinsiders.com/disclaimers/index.php for details.

http://www.pennystocksinsiders.com/index.php

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