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This could be your last chance to get on board a BIG new bull market

From Jeff Clark, editor, SA Short Report: 

Chinese stocks are in a brand-new bull market.

The Shanghai Stock Exchange Composite Index (the “SSEC”) – China’s version of the Dow Jones Industrial Average – is up around 8% in less than a month. It’s up around 10% since we told you about Chinese stocks back in May.

And there are much larger gains ahead.

But after such a big run-up in a short amount of time, the SSEC is likely to suffer a brief pullback. And that’s when traders will have a chance to buy…

Take a look at this chart of the SSEC…

You can see the terrific rally that followed the breakout of the consolidating-triangle pattern (the blue lines) last month. The SSEC moved straight up to last December’s high, where it hit resistance and pulled back.

Now take a look at the SSEC’s 50-day moving average (DMA). The 50-DMA often serves as a magnet for stock prices. A stock rarely moves too far above or below its 50-DMA without coming back and testing the line as either support or resistance.

As you can see in the chart, it’s rare for the SSEC to move more than 5% or so away from its 50-DMA. But after last month’s big breakout, the SSEC was nearly 10% above its 50-DMA. That’s too big of a move too soon. So now the SSEC is coming back down… And it will likely test its 50-DMA

Article source: http://thecrux.com/this-bull-market-is-leaving-the-station-this-could-be-your-last-great-chance-to-get-on-board/

"iPhone magic": New reports suggests Apple could be unleashing its next blockbuster device next month

From Bloomberg:

Apple Inc. (AAPL) is seldom first with new technologies, yet it’s been able to create huge product categories. The company did that with iPods for the MP3 player market in 2001, iPhones for the smartphone industry in 2007 and iPads for tablets in 2010.

Now the Cupertino, California-based company will attempt to repeat that feat in wearables, an emerging group of devices that track people’s activity and health. Apple will introduce a wearable gadget along with new iPhones on Sept. 9, a person with knowledge of the plans said. Notices for the event, which will also take place in Cupertino, were sent out today.

Apple declined to comment beyond the e-mailed invitation, which said: “Wish we could say more.”

While companies such as Fitbit Inc. and Jawbone have made some headway introducing wearables to the public, global sales of the activity trackers hit just 13.6 million units last year, according to researcher Parks Associates. That’s about the number of iPhones Apple sells in a month, giving Chief Executive Officer Tim Cook room to boost the size of the market.

The new device also will give the clearest sign yet of where the company is headed without Steve Jobs at the helm. Cook, who took over almost three years ago to the day, has been under pressure to show that the company will continue to deliver breakthrough products.

“How he’s perceived in the next few years will be decided in the next four months,” said Gene

Article source: http://thecrux.com/all-signs-say-apple-could-be-about-to-unleash-its-next-blockbuster-device/

Update: Avino Silver & Gold Mines Restarts Production At Its Namesake Mine …

Avino Silver and Gold Mines (NYSEMKT:ASM) just announced that it has restarted production at its namesake mine after a 13 year hiatus. The mine stopped producing at the turn of the century due to low precious metal prices; however, over the past couple of years management has been working towards bringing the mine back into production.

This mine has the potential to produce over 2 million ounces of silver per year and if my September, 2013 calculations are correct, the mine is profitable at the current silver price with substantial leverage to the upside should the silver bear market end. This will bring the company’s production to over 3 million ounces, which is substantial for a $65 million company. For instance this is half of Fortuna Silver’s (NYSE:FSM) production but that company’s valuation is 10 times higher.

This announcement could be the catalyst to send Avino higher even after a 75%+ gain for the year thus far. However, investors should be wary that the company does plan on selling stock onto the market in order to raise capital. Also the gold and silver markets have been weak and a lot of investors have a lot of profits in this name. So there are several things that could keep the price down in the near term, but any weakness should be exploited by gold and silver bulls and purchased aggressively.

Editor’s Note: This article covers a stock trading at less

Article source: http://seekingalpha.com/article/2459325-update-avino-silver-and-gold-mines-restarts-production-at-its-namesake-mine

This is the “fatal flaw” that could bankrupt our country

From Bill Bonner, Chairman, Bonner Partners:

We’re still in the lazy days of August, with little going on in the stock market. So let’s use this time to look at deeper trends.

We left off last week with discouraging words.

First, we noted that, according to Washington’s own budget people, Social Security is going broke 20 years sooner than forecast. It’s already $15 trillion in the hole, with a deficit that’s up 300% (mistakenly reported as 400%) in the last five years.

Second, we sympathized with our new dear readers of our new venture, The Bill Bonner Letter.

It must be difficult coming into a conversation that has been going on for so long. Especially when many of the ideas we are talking about are complex and confusing – at least to us!

Many are those who have tried to understand economics and markets in a simple and definitive way. They’ve laid out their diagrams and made their forecasts.

The graveyards and insane asylums are full of them. Because no matter how much you think you grasp… there is always more that gets away from you.

The Real Triumph of Civilization

To remind you, we were wondering why the Social Security system exists.

If government really were the parasitic zombie we think it is, why would it set up a retirement pension system that seems benign… and that now has the support of an overwhelming majority of Americans? (Especially those over 65!)

Is it possible that modern democratic government

Article source: http://thecrux.com/bill-bonner-the-fatal-flaw-that-will-bankrupt-our-country/

The last two times this happened, small-cap stocks got crushed

From Chris Kimble at Kimble Charting Solutions:

When it comes to “monthly momentum” it can take a while to become very over bought or over sold.

The Russell 2000 monthly momentum reached lofty levels back in 1998 2007. Once momentum support broke at (1) (2) in the Russell, it experienced declines ranging from 23% to 53%.

The opposite has taken place before strong bull markets. When monthly momentum reached oversold levels back in 2003 2009, strong rallies took place.

The rally off the 2009 lows now has monthly momentum higher than it was in 2007 and near the 1998 levels. Recently momentum is turning down and breaking support as the Russell is near a 14-year resistance line.

When lofty monthly momentum broke support in the past, small caps struggled to make much more upward progress. Is a slippery slope ahead for small caps? Will it be different this time? Stay tuned, this could be very important for small caps!


Recommended Links

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Mark Ford’s Wealth Builders Club

Article source: http://thecrux.com/the-last-two-times-this-happened-small-cap-stocks-got-crushed/

Heads up… This could be the most important commodity news of the year

From Pierce Points:

A brief news item yesterday may be one of the most important happenings in commodities for years.

The coming shutdown of one of the largest uranium mines on the planet.

I noted a few weeks back that workers at Cameco’s McArthur River uranium mine in northern Canada were contemplating labour action. And yesterday that threat came to fruition − with the major uranium company announcing that mineworkers’ unions have authorized a full strike.

It appears this action is going to bring McArthur River to a complete standstill. With Cameco saying it is now initiating shutdown activities at the mine, and the associated Key Lake uranium processing facility.

The strike is officially slated to begin on August 30. So it looks like production here will now taper off, leading up a full stop by that date.

As I mentioned previously, it’s hard to understate the effect this stoppage could have on uranium supply. Given that McArthur River is one of the world’s largest and richest uranium producers, currently putting out nearly 15% of global supply itself.

Interestingly, uranium prices have been rising the last few weeks. Up over 10% since the beginning of August, when news of the potential strike action at McArthur began to surface − currently selling for $31 per pound.

This is the most notable increase in prices the uranium market has seen for years (albeit from a very low base, with prices having recently fallen to a near-decade low of $28). Suggesting

Article source: http://thecrux.com/heads-up-this-big-commodity-shutdown-is-just-around-the-corner/

Attention: This could be the first "nail in the coffin" of the U.S. dollar

From Zero Hedge:

Several months ago, when Russia announced the much anticipated “Holy Grail” energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar’s stranglehold on the rest of the world, neither Russia nor China announced payment terms to be in anything but dollars. In doing so they admitted that while both nations are eager to move away from a U.S. Dollar reserve currency, neither is yet able to provide an alternative.

This changed in late June when first Gazprom’s CFO announced the gas giant was ready to settle China contracts in Yuan or Rubles, and at the same time the People’s Bank of China announced that its Assistant Governor Jin Qi and Russian central bank Deputy Chairman Dmitry Skobelkin held a meeting in which they discussed cooperating on project and trade financing using local currencies. The meeting discussed cooperation in bank card, insurance, and financial supervision sectors.

And yet, while both sides declared their operational readiness and eagerness to bypass the dollar entirely, such plans remained purely in the arena of monetary foreplay… and the long awaited first shot across the Petrodollar bow was absent.

Until now.

According to Russia’s RIA Novosti, citing business daily Kommersant, Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; it will accept payment in rubles, and will also deliver oil via the Eastern Siberia-Pacific Ocean pipeline (ESPO),

Article source: http://thecrux.com/attention-this-could-be-the-nail-in-the-coffin-of-the-petrodollar/

Silver Pricing Change Takes Effect; Other Metals to Follow


Yorke added, “Any time traders can buy, sell, or leak the direction of the gold fix during the process, they clearly possess inside information and lure of easy profits exists. This information is not available to the general public and clearly doesn’t help the integrity of the markets.”

Silver isn’t the only precious metal in for change, since investigations indicated that pricing systems for other precious metals were also veiled in secrecy and open to manipulation. Barclays Plc was fined $44 million after one of its traders was found to have manipulated the gold fix, and lawsuits were filed concerning price fixes on both gold and silver.

So far the silver system is the only new process to have launched, but gold, platinum and palladium are following. While not much is yet known about how they might change, London Gold Market Fixing Ltd. and the LBMA are looking for proposals for a new authority to take over the gold fix, which they hope to have in place by the end of the year. Plans are for the new third-party administrator to be chosen by the end of September.

There’s speculation that if the new silver process is working well, CME and Thomson Reuters might find themselves in charge of gold as well. But whatever comes next will replace the existing system, in place since 1919, that relies on Barclays

Article source: http://www.thinkadvisor.com/2014/08/28/silver-pricing-change-takes-effect-other-metals-to

Heads up… This big commodity "shutdown" is just around the corner

From Pierce Points:

A brief news item yesterday may be one of the most important happenings in commodities for years.

The coming shutdown of one of the largest uranium mines on the planet.

I noted a few weeks back that workers at Cameco’s McArthur River uranium mine in northern Canada were contemplating labour action. And yesterday that threat came to fruition − with the major uranium company announcing that mineworkers’ unions have authorized a full strike.

It appears this action is going to bring McArthur River to a complete standstill. With Cameco saying it is now initiating shutdown activities at the mine, and the associated Key Lake uranium processing facility.

The strike is officially slated to begin on August 30. So it looks like production here will now taper off, leading up a full stop by that date.

As I mentioned previously, it’s hard to understate the effect this stoppage could have on uranium supply. Given that McArthur River is one of the world’s largest and richest uranium producers, currently putting out nearly 15% of global supply itself.

Interestingly, uranium prices have been rising the last few weeks. Up over 10% since the beginning of August, when news of the potential strike action at McArthur began to surface − currently selling for $31 per pound.

This is the most notable increase in prices the uranium market has seen for years (albeit from a very low base, with prices having recently fallen to a near-decade low of $28). Suggesting

Article source: http://thecrux.com/heads-up-this-big-commodity-shutdown-is-just-around-the-corner/

Warning: The first "shot" in a new war on the dollar has just been fired

From Zero Hedge:

Several months ago, when Russia announced the much anticipated “Holy Grail” energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar’s stranglehold on the rest of the world, neither Russia nor China announced payment terms to be in anything but dollars. In doing so they admitted that while both nations are eager to move away from a U.S. Dollar reserve currency, neither is yet able to provide an alternative.

This changed in late June when first Gazprom’s CFO announced the gas giant was ready to settle China contracts in Yuan or Rubles, and at the same time the People’s Bank of China announced that its Assistant Governor Jin Qi and Russian central bank Deputy Chairman Dmitry Skobelkin held a meeting in which they discussed cooperating on project and trade financing using local currencies. The meeting discussed cooperation in bank card, insurance, and financial supervision sectors.

And yet, while both sides declared their operational readiness and eagerness to bypass the dollar entirely, such plans remained purely in the arena of monetary foreplay… and the long awaited first shot across the Petrodollar bow was absent.

Until now.

According to Russia’s RIA Novosti, citing business daily Kommersant, Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; it will accept payment in rubles, and will also deliver oil via the Eastern Siberia-Pacific Ocean pipeline (ESPO),

Article source: http://thecrux.com/attention-this-could-be-the-nail-in-the-coffin-of-the-petrodollar/