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For hard-hit silver miners, gold is the silver lining


VANCOUVER, April 27 (Reuters) – Pure-play silver miners, a
niche investment market popular with retail investors, are
moving up the endangered list.

Buffeted by a 68 percent plunge in the price of silver since
2011, miners who traditionally made most of their money from
silver are increasingly diversifying into gold, buying mines
that have been put up for sale and looking to acquire more.

In addition to spurring deals in the precious metals space,
the trend is reducing investment avenues for those wanting to
take a bet on a commodity that often outperforms gold when
bullion is rising.

“The real silver nuts such as myself like pure silver
companies. The more leveraged to silver the better… but you
have to be able to tolerate the risk,” said David Morgan,
founder of the Silver-Investor.com website.

According to BMO Capital Markets, large primary silver
miners have increased their gold output on average by 19.4
percent a year since 2009 to 2 million ounces.

That makes them faster-growing gold producers than gold
miners themselves. In that same period, large gold producers
increased their gold output by 2.8 percent on average annually.

Helping drive this trend is big gold miners’ sales of
smaller, non-core operations as they try to cut costs and debt.
Although gold has outperformed silver, it is still down nearly
40 percent since 2011.

Mother nature is also a factor in the silver-to-gold shift.
Large, high-grade silver deposits have always been scarce and
are becoming

Article source: http://www.reuters.com/article/2015/04/27/mining-silver-gold-idUSL2N0XB33R20150427

Here’s one big reason to expect more upside in stocks

From Dr. David Eifrig, MD, MBA, editor, Retirement Millionaire: 

If you’re sitting on big gains in stocks today, I have good news for you… There’s more to come.

The current bull market in stocks is now more than six years old… and stocks have already tripled in value. This has many experts and investors worried that we’re long overdue for a crash.

But there’s something unique about this bull market… and it’s indicating to us that stocks have plenty of upside left.

Let me explain…

Markets have been rising… but in an unusual way.

Remember what happens in a bubble… Greed takes control of investors. They forget about safety and value. They plow their money into the opportunities they think have the biggest payoffs. They can’t let a hot investment get past them.

That’s what happened with tech stocks in the dot-com boom. And with houses in the 2006 boom.

That’s not happening now in stocks…

Rather, the best-performing investments have been the safest ones. Blue-chip dividend-payers have outperformed the market drastically. The thing is, it’s strange to have the old, stodgy, and boring companies lead the way.

Of course, we love blue-chip dividend-payers. We love their safety and ability to compound wealth over time. We were among the first to talk about this coming trend years ago… and we built our Retirement Millionaire portfolio around them.

But it’s rare that they outperform the market over this long of a term. It’s a clear sign that

Article source: http://thecrux.com/doc-eifrig-one-reason-im-confident-theres-more-upside-in-stocks/

These readers are collecting a safe 15.7% dividend from one of the world’s best companies

From Brian Hunt, Editor in Chief, Stansberry Research: 

If there’s a better way to get the government on your side as an investor, I haven’t seen it…

Longtime Stansberry Research readers know Dr. Steve Sjuggerud has guided his subscribers to massive gains by following his “Bernanke Asset Bubble” thesis. Following the 2008-2009 credit crisis, the Federal Reserve launched a huge effort to stimulate the economy with low interest rates and easy credit.

The Fed’s goal was to boost stock and real estate prices while stimulating business- and consumer-loan growth. Steve saw this stimulus coming… and for the past six years, he has urged readers to own stocks and real estate. Steve has repeatedly said the Fed stimulus would create soaring stock prices and recovering housing prices.

You probably know how this story has played out. By following this “script,” Steve’s True Wealth readers have made more than 440% in health care stocks… 160% in tech stocks… and nearly 145% in Berkshire Hathaway, which is a giant bet on American business. More than a dozen times in 2010, 2011, and 2012, Steve told us all to buy homes. U.S. home prices have recovered… and recently hit a seven-year high.

But the most extraordinary gain Steve guided his True Wealth subscribers into is in Blackstone Group (BX). It has proven to be an incredible way to let the government make you rich.

Blackstone is a giant investment firm. It takes in investors’ money and invests it into private

Article source: http://thecrux.com/these-readers-are-collecting-a-safe-15-7-dividend-from-one-of-the-worlds-best-companies/

If you’re upset by the long, slow decline of America, read this now

From Eric Peters at EPAutos.com: 

Looking back on the American Revolution, John Adams (in 1813) wrote:

“But what do we mean by the American Revolution? Do we mean the American war? The Revolution was effected before the war commenced. The Revolution was in the minds and hearts of the people; a change in their religious sentiments of their duties and obligations.”

Those frustrated by the seemingly relentless advance of authoritarianism – especially those who’ve given up and are ready to “go down fighting” – might consider Adams’ words.

I grant that defensive force may become necessary at some point. Some of us, as individuals, may find ourselves with our backs to the wall and no better option.

However, I also maintain that absent a change of heart and mind, violence will solve nothing, ultimately. People forced to submit and obey only submit and obey for as long as you are able to force them to do so. But convince them, through moral persuasion, that a given thing is wrong and any laws to the contrary will be rendered nullities at a stroke. They will lose all legitimacy and thereby become unenforceable.

Why is chattel slavery no longer practiced in most parts of the world? It is not because it is against the law. It is because a critical mass of people find it morally repellent.

This is the key to everything.

The wheel turns, perhaps slowly.

But it does turn.

Article source: http://thecrux.com/if-youre-looking-for-a-positive-sign-for-america-look-here/

Three big reasons to get ready for a correction now

From Jeff Clark, editor, Stansberry Short Report:

We need to be careful…

The stock market hasn’t suffered a correction in nearly four years. We’ve seen an occasional short-term pullback of 3% or 4%. And last October, the SP 500 dropped 7%. But it has been some time since investors have had to suffer through a 10% correction.

This is a big deal. Prior to 2011, the stock market used to suffer through one or two corrections every year.

Corrections are necessary for a long-term, healthy bull market. They give the market a chance to work off overbought conditions, squeeze some of the excess out of stock prices, eliminate the complacency among investors, and give the technical charts a support area from which the market can launch another rally.

So the market is long overdue for one. And three caution signs show we’ll likely get it soon…

Take a look at this chart of the SP 500…

For the past several weeks, we’ve been watching this index bounce along the support line of the giant rising-wedge pattern. I’ve argued that since we’re in a seasonally bullish time of the year for stock prices (March 1 through April 30), the SP 500 could rally to new all-time highs by the end of April.

That’s still possible.

Even the most stubborn bull would have to admit the market has done a poor job of taking advantage of seasonal strength. With just six trading sessions left

Article source: http://thecrux.com/three-caution-signs-you-cant-afford-to-ignore-right-now/

Here’s one big reason to expect more upside in stocks

From Dr. David Eifrig, MD, MBA, editor, Retirement Millionaire: 

If you’re sitting on big gains in stocks today, I have good news for you… There’s more to come.

The current bull market in stocks is now more than six years old… and stocks have already tripled in value. This has many experts and investors worried that we’re long overdue for a crash.

But there’s something unique about this bull market… and it’s indicating to us that stocks have plenty of upside left.

Let me explain…

Markets have been rising… but in an unusual way.

Remember what happens in a bubble… Greed takes control of investors. They forget about safety and value. They plow their money into the opportunities they think have the biggest payoffs. They can’t let a hot investment get past them.

That’s what happened with tech stocks in the dot-com boom. And with houses in the 2006 boom.

That’s not happening now in stocks…

Rather, the best-performing investments have been the safest ones. Blue-chip dividend-payers have outperformed the market drastically. The thing is, it’s strange to have the old, stodgy, and boring companies lead the way.

Of course, we love blue-chip dividend-payers. We love their safety and ability to compound wealth over time. We were among the first to talk about this coming trend years ago… and we built our Retirement Millionaire portfolio around them.

But it’s rare that they outperform the market over this long of a term. It’s a clear sign that

Article source: http://thecrux.com/doc-eifrig-one-reason-im-confident-theres-more-upside-in-stocks/

“Fracklog”: Why you shouldn’t bet on higher oil prices anytime soon

From Bloomberg:

Think the U.S. is awash in crude now? Thank the fracklog that it’s not worse.

Drillers in oil and gas fields from Texas to Pennsylvania have yet to turn on the spigots at 4,731 wells they’ve drilled, keeping 322,000 barrels a day underground, a Bloomberg Intelligence analysis shows. That’s almost as much as OPEC member Libya has been pumping this year.

The number of wells waiting to be hydraulically fractured, known as the fracklog, has tripled in the past year as companies delay work in order to avoid pumping more oil while prices are low. It has kept crude off the market with storage tanks the fullest since 1930. The fracklog may slow a recovery as firms quickly finish wells at the first sign of higher prices.

“Once service costs come down and drillers begin to work through their higher-than-normal backlog, the market should start to price in that supply coming online,” Andrew Cosgrove, an energy analyst for Bloomberg Intelligence in Princeton, New Jersey, said by phone. “It may act as a cap on prices.”

Futures for U.S. benchmark West Texas Intermediate oil tumbled by more than $50 a barrel in the second half of last year amid a worldwide glut of crude. They rose $1.35 to $57.51 a barrel at 10:19 a.m. Thursday on the New York Mercantile Exchange.

Oil production in the lower 48 states would rise 322,000 barrels a day to an average 7.485 million in

Article source: http://thecrux.com/fracklog-one-big-reason-you-shouldnt-count-on-high-oil-prices-anytime-soon/

If you’re frustrated about what’s happening in our country, read this now

From Eric Peters at EPAutos.com: 

Looking back on the American Revolution, John Adams (in 1813) wrote:

“But what do we mean by the American Revolution? Do we mean the American war? The Revolution was effected before the war commenced. The Revolution was in the minds and hearts of the people; a change in their religious sentiments of their duties and obligations.”

Those frustrated by the seemingly relentless advance of authoritarianism – especially those who’ve given up and are ready to “go down fighting” – might consider Adams’ words.

I grant that defensive force may become necessary at some point. Some of us, as individuals, may find ourselves with our backs to the wall and no better option.

However, I also maintain that absent a change of heart and mind, violence will solve nothing, ultimately. People forced to submit and obey only submit and obey for as long as you are able to force them to do so. But convince them, through moral persuasion, that a given thing is wrong and any laws to the contrary will be rendered nullities at a stroke. They will lose all legitimacy and thereby become unenforceable.

Why is chattel slavery no longer practiced in most parts of the world? It is not because it is against the law. It is because a critical mass of people find it morally repellent.

This is the key to everything.

The wheel turns, perhaps slowly.

But it does turn.

Article source: http://thecrux.com/if-youre-looking-for-a-positive-sign-for-america-look-here/

Top oil executive: 50% of these companies will be dead or sold this year

From Bloomberg: 

Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said.

There could be about 20 companies left that provide hydraulic fracturing services, Rob Fulks, pressure pumping marketing director at Weatherford, said in an interview Wednesday at the IHS CERAWeek conference in Houston. Demand for fracking, a production method that along with horizontal drilling spurred a boom in U.S. oil and natural gas output, has declined as customers leave wells uncompleted because of low prices.

There were 61 fracking service providers in the U.S., the world’s largest market, at the start of last year. Consolidation among bigger players began with Halliburton Co. announcing plans to buy Baker Hughes Inc. in November for $34.6 billion and CJ Energy Services Ltd. buying the pressure-pumping business of Nabors Industries Ltd.

Weatherford, which operates the fifth-largest fracking operation in the U.S., has been forced to cut costs “dramatically” in response to customer demand, Fulks said. The company has been able to negotiate price cuts from the mines that supply sand, which is used to prop open cracks in the rocks that allow hydrocarbons to flow.

Oil companies are cutting more than $100 billion in spending globally after prices fell. Frack pricing is expected to fall as much as 35 percent this year, according to PacWest, a unit of IHS Inc.

While many large private-equity firms are looking at fracking

Article source: http://thecrux.com/top-oil-executive-half-of-these-companies-will-be-dead-or-sold-this-year/

MUST-SEE: This will be one of our next big investment winners

From Brian Hunt, Editor in Chief, Stansberry Research: 

If there’s a better way to get the government on your side as an investor, I haven’t seen it…

Longtime Stansberry Research readers know Dr. Steve Sjuggerud has guided his subscribers to massive gains by following his “Bernanke Asset Bubble” thesis. Following the 2008-2009 credit crisis, the Federal Reserve launched a huge effort to stimulate the economy with low interest rates and easy credit.

The Fed’s goal was to boost stock and real estate prices while stimulating business- and consumer-loan growth. Steve saw this stimulus coming… and for the past six years, he has urged readers to own stocks and real estate. Steve has repeatedly said the Fed stimulus would create soaring stock prices and recovering housing prices.

You probably know how this story has played out. By following this “script,” Steve’s True Wealth readers have made more than 440% in health care stocks… 160% in tech stocks… and nearly 145% in Berkshire Hathaway, which is a giant bet on American business. More than a dozen times in 2010, 2011, and 2012, Steve told us all to buy homes. U.S. home prices have recovered… and recently hit a seven-year high.

But the most extraordinary gain Steve guided his True Wealth subscribers into is in Blackstone Group (BX). It has proven to be an incredible way to let the government make you rich.

Blackstone is a giant investment firm. It takes in investors’ money and invests it into private

Article source: http://thecrux.com/these-readers-are-collecting-a-safe-15-7-dividend-from-one-of-the-worlds-best-companies/