Aug 4 09

WT Direct Extends $150 Promotion to August 15

by admin

Online bank WT Direct has extended the terms of their $150 bonus promotion such that you only need to have your account funded by August 15th (previously July 31st).

You can read about the details in this previous WT Direct $150 bonus post. Keep in mind that this change actually makes the numbers for the promotion a bit better, since now you only have to keep your money there for 2 1/2 months instead of 3 months. Depending (read more)

Aug 4 09

Saving Money on Pet Costs: Frontline Plus Flea Medication

by admin

Now that we have two dogs, we’ve had to keep a closer eye on pet costs. One regular expense is flea medication, for which we have found Frontline Plus to work acceptably. If you buy it straight from the vet or in a retail pet store it can be around $15 per monthly dose.

In the past, we’ve found that the cheapest price has been on eBay, getting costs down to about $8 per dose for the exact same 6-pack product packaging. But a recent development amongst eBay sellers is to sell the bigger vials made for 89+ lb. dogs, and then have the consumer split the medication fluid into smaller doses themselves. Here’s an example of the cost breakdown for a small dog (under 22 lbs).

Store Cost (w/ shipping) Cost per dose
1800PetMeds.com (”retail”) $83.99 for 6-pack $14
(read more)

Aug 3 09

Cartoon: You See What You Want To See

by admin

Hat tip to Financial Armageddon and Immobilienblasen for this little bit of comic relief. Actually, it perfectly sums up the current wave of optimism in which good news is good news, bad news is good news, no news is good news, and insightful financial news is … [visit site to read more]

Aug 3 09

The Trading Week Ahead: Aug 2 – Aug 7

by admin

The U.S. Non-Farm Payrolls and three interest rate announcements from the Reserve Bank of Australia, the Bank of England and the European Central Bank, will set the tone for the trading month ahead.

In preparation for the new trading week, here is a quick look at the most important economic events that every currency trader should pay attention to.

Sunday, Aug. 2 will begin the trading session with the Australian Manufacturing PMI-Purchasing Managers’ Index, measuring the activity … [visit site to read more]

Aug 3 09

People Against Goldman Sachs Movement

by admin

What has become abundantly clear to politicians today is that the public has had it to the teeth with the high probability that the real power in the US government now rests with a web of individuals with close links to a single financial services firm, Goldman Sachs (GS), something I have been writing about for years.

http://en.wikipedia.org/wiki/Goldman_Sachs

In this powerful video, film-maker, broadcaster and former broker and options trader Max Keiser takes offense to what he refers … [visit site to read more]

Aug 3 09

"Bartender, I’ll Have The Gold ETF — And Make It A Double!"

by admin

Friday I established a new portfolio position — gold in the form of the SPDR Gold Trust ETF (GLD). And it accounts for just over 10% of the portfolio. That’s twice the normal 4% to 5% position I usually devote to new buys.

Long-time readers know I bought gold earlier this decade, before launching Controlled Greed. That was when gold was around $270 and my vehicle was the Central Fund of Canada (CEF), the closed-end fund holding gold and silver bullion, which was then trading at a discount. CEF would have been my buy this time, but it trades at a premium. So I went with the gold ETF.

I paid $91.89 and it ended the day at $93.35.

I’m torn about gold as part of an investment portfolio. Two people I admire greatly, the late John Templeton and Seth Klarman, have never been big on gold, or not for the most part. I’m sure Sir John owned mining stocks at times, even gold ones, but I’ve never read any comments from him liking the metal itself. In fact, he once said it just sits there and doesn’t pay any dividends. Klarman said a while back that gold tied up (read more)

Aug 3 09

It’s A New Bull Market, Here And Around The World

by admin

Let’s call this what it is: A new bull market in stocks has emerged from the ashes of the financial meltdown and the deep recession that followed. And it’s signaling the onset of economic recovery. Free-market capitalism is more durable, resilient, and self-correcting than its detractors would have us believe.

But this is much more than a summer rally. It’s a new bull market heralding a new economic recovery. Free-market capitalism is trying hard to push back against Obama’s … [visit site to read more]

Aug 3 09

SPY: Bearish Candles At The Highs

by admin

I wanted to show a quick update of the current SPY (SPY) (which is similar to the DIA and QQQQ) ETF chart to note two ominous bearish candles at the recent highs of $100.00. Let’s take a look.

This chart shows the entire run-up from the early March 2009 lows to the current highs a few pennies shy of $100 (1,000 on the S&P 500 Index (^GSPC)).

As price challenges this ‘magnet trade’ target, we see that the last two trading sessions have formed upside down doji candles, … [visit site to read more]

Aug 3 09

Dealing With Losses In Commodity Trading

by admin

For any of those contemplating investing in the commodity markets, they need to be very aware that losses are part of the game. As Ed Seykota has taught so many commodity and forex traders, losses are like breathing. They cannot be avoided. If you are not having losses, either you are not trading or you are risking way too little. There is no way around it!

The Fact of life is when you are trend following, you will have losses. If you think you are going to prevent them, don’t even … [visit site to read more]

Aug 3 09

The Next Three US Government-Backed Bubbles Unveiled

by admin

The good times are back!

U.S. GDP declined at a mere 1% annualized rate, after inflation, between April and June.

Consumers only cut back spending at a 1.2% annualized rate during the same period.

Barry Norris, a partner at Argonaut Capital in London, explained how the world economic recovery “could be V-shaped after all.”

To top it all off, the “cash for clunkers” program sparked an auto shopping spree. Dealers moved 250,000 cars off the showroom floor in a few short days. … [visit site to read more]