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Market Bugle - by Mike Landfair

The BIG Question Is Who's Next?

March 30th 2013 18:13
Canary


I'm grateful to my loyal readers, who come each day in the hundreds to read something new about business. For many months we have concentrated on Gold and Silver; where it's going, why should it move higher, how it protects one's assets. With this month's news about the theft of deposits in Cyprus, I think it is even more imperative that one should protect one's family and assets.


The BIG question is who's next?

Martin D. Weiss, Ph.D. writes this am, "Are Cyprus banks canaries in the coal mine?" He wrote, "The fact is that, back in April 2012, Weiss Ratings issued D- grades to both the Bank of Cyprus and Cyprus Popular Bank, two of the banks at the center of the latest financial maelstrom. And we downgraded them even further — to E- (meaning on the very brink of failure) — in December 2012.

"IF Cyprus banks were the only ones buried in mountains of bad debts, the only ones skating on thin ice with virtually zero capital, or the only ones waiting in line for their next infusion of rescue money … then … maybe, the damage to depositor confidence might be minimized.

But that’s absolutely not the case! Hundreds of endangered banks around the world have fallen into similar traps."

In the on-the-brink category are, with E- ratings are:

Royal Bank of Scotland with $2.2 trillion in assets,
Crédit Agricole (France) with $2.4 trillion, and

Lloyd’s Banking Group with $1.5 trillion.

Not far behind, with E ratings (still very close to the brink) are

Société Générale (France) and
UniCredit S.p.A. (Italy)

Weiss continues,

1. The European banking system is a forest of dry timber that could burst into flames with the slightest spark.

2. No matter what defensive measures the European authorities can come up with, the euro is bound to remain under tremendous downward pressure.

3. And no matter where you do your banking, make sure your institution is among the safest.

I might point out that it doesn't matter which institution is the safest anymore, when it comes to the safety of your deposits, there is no safety!

Got Gold!

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Chris Vermeulen is out with his latest technical analysis of Gold, Crude oil, utility and energy stocks.

It appears we are on the verge of major moves in Gold and Oil.
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David A. Banister of www.markettrendforecast.com is calling for a low this month and thinks we are there! Read his latest thoughts on Gold.
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Chris Vermeulan writes "The price and outlook of gold has not really changed much in the past year. It remains in a major bull market and has been taking a breather, nothing more. Stepping back and reviewing the weekly chart it’s clear that gold is nearing long term support. With panic selling hitting the gold market and long term support only $20 – $30 dollars away this investment starts to look really tasty."

Free up some cash for "Buy The Dips!"
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January 22nd, 2013

[ Click here to read more ]
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A Time For Copper?

December 31st 2012 18:19
With 2012 now behind us it’s time to start looking for some new long term investments which have big potential gains in the new year. Copper is one metal that has caught my eye.

The long term monthly chart of the copper ETF JJC shows a potential cup and handle pattern accompanied with bullish volume characteristics. Last year copper traded sideways in a narrowing range. This type of price action tends to bore traders and investors forcing them to look elsewhere for new to trades. The saying is “If the market doesn’t shake you out, it will wait you out


[ Click here to read more ]
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Here's a two-part interview of Andy Hoffman that I urge you to listen to. The FED is finally monetizing the debt and that means inflation soon and a failing currency.

I have written that Gold and Silver are the two ways to protect yourself. Many won't do a thing! You can and my book "Gold Rush!" available on Amazon tells you how


[ Click here to read more ]
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What's New With Energy

December 8th 2012 21:09
Any of you who believe that oil prices should be higher have been frustrated as the price has consolidated over the last almost two years.

Chris Vermeulen has just analyzed the oil and utility markets and suggests that we may be near a resumption of the bull market in energy in Energy Sector Storm Brewing – Oil & Gas Stocks.
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Large Gold & Silver Moves Coming

December 3rd 2012 04:24
Chris Vermeulen has just written a piece of technical analysis of the precious metals markets and an ETF, NUGT. "The market seems to be setting up for some very large moves in 2013 ..."

Mike Is the author of ":Gold Rush!" a new eBook that can be down loaded for $2.99. The book will help you own Gold and Silver to protect your personal finances


[ Click here to read more ]
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JW Jones of www.TradersVideoPlaybook.com has technical analysis of the S&P, USD and Gold. He thinks the USD may get hit and Gold goes to $1800.

Mike Landfair is the author of "Gold Rush!" a guide to buying Gold before the coming mania.
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