Guest View
User: Pass: | become a member
Author Archive for Zero Hedge

Africa’s Largest Refinery Finds 2.7 Tons Of Gold “Missing” After Computer System Upgrade

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

It’s one thing to implicitly admit that there is a physical gold shortage and as a result nations – such as Germany – are unable to repatriate their physical gold held in the safe and trusted confines 90 feet below the NY Fed, gold which may or may not be there and has likely been leased out exponentially to cover paper shorts by virtually every BIS-overseen central bank (and the BIS paper gold selling team itself of course). It is something totally different to corzine, as in vaporize, 87,000 ounces of physical gold, some 2.7 tons, and blame it on a computer upgrade glitch. Which is precisely what Rand, Afrrica’s largest refinery and processor of about a third of the world’s gold since 1920, has done after it “discovered” that $113 million in precious metal was missing after “adopting a new computer system.”

Bloomberg reports that the refinery in Germiston, a town 20 kilometers east of Johannesburg, has 87,000 ounces of physical gold less than the amount present in its accounting records after “implementation difficulties” with the new system, the company said in a statement today. That’s worth about $113 million at today’s price of $1,296 an ounce.

Taking a page out of China’s infinite rehypothecation scheme, the South African refiner essentially told its investors, most of whom are gold miners, to step up and replenish the missing metal or else investors may come asking questions about their own reported gold holdings. And, it succeeded.

Rand Refinery’s shareholders, including AngloGold Ashanti Ltd. (ANG), Sibanye Gold Ltd. (SGL) and Harmony Gold Mining Co. (HAR), agreed to lend the company 1.2 billion rand to help make up the difference.

Laughable excuses aside, those curious where the gold may have gone should probably ask the former CEO: “Howard Craig resigned as chief executive officer in May and has been replaced by Mark Lynam, who is being assisted by management consultant Accenture Plc in sorting out the issue.”

However, just like in China, it appears nobody has any interest in actually digging deeper:

The miners, customers of the refinery, have received the prices they were expecting, leading them to conclude it’s most likely an accounting problem rather than theft, James Wellsted, a


continue reading





High Yield Credit Market Flashing Red As Outflows Surge

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As we have been highlighting for a few weeks, something is rotten in high-yield credit markets. This week, the mainstream media is starting to catch on as major divergences in performance (high-yield bond spreads are 30-40bps off their cycle tights from just prior to MH17 even as stocks rally to new record highs) and technicals weaken. However, as BofA warns, flows follow returns and this week saw the biggest outflows from high-yield funds in more than a year. Investment grade bonds saw notable inflows as investors chose up-in-quality, rather than reach-for-yield, for the first time in years: equity investors, pay attention.

 

High yield credit markets have been overvalued for a record period of time

 

On Tuesday, analysts at Ned Davis Research recommended that investors begin to sell high-yield bonds, partly because they look pricey and partly because performance has been flagging. “Investors are no longer being compensated for the additional risk in high-yield bonds,” they wrote.

High yield credit markets are majorly diverging from stocks…

“Geopolitical risk is causing a pause,” said Frank Ossino, senior portfolio manager at Newfleet Asset Management in Hartford, Conn., which oversees $12.9 billion. Investors tend to flee riskier assets during times of turmoil.

High yield credit markets are suffering major outflows…

 

Outflows from high yield funds and ETFs accelerated last week to $2.46bn following a sizable $1.85bn outflow in the prior week. Both of these outflows are the largest since the “taper tantrum”episode in the summer of last year.

“We’re not seeing massive outflows yet, but at some point that’s going to change,” warned Phil Blancato, chief executive at Ladenburg Thalmann Asset Management, which oversees about $2 billion.

He said he is steering clear of high-yield exchange-traded funds in large part due to concerns about how they will fare in a downturn.

*  *  *

Between a sudden shift to a preference for “strong” balance sheet companies over “weak” balance sheet companies (the end of the dash for trash trade), and this rotation from high-yield to investment-grade, it is clear that investors are positioning defensively up-in-quality ending the constant reach-for-yield trade of the last 5 years.

Why should ‘equity’ investors care? The last few years’ gains in stocks have been thanks massively to record amounts of buybacks (juicing EPS and…
continue reading





Israel Cabinet Unanimously Rejects John Kerry’s Gaza Truce Proposal

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Over the past few days, John Kerry flew to Egypt, where among other things, he proposed a weekling Gaza Truce. Alas, that was one taxpayer funded trip for the Secretary of State flushed down the drain:

  • ISRAEL CABINET UNANIMOUSLY OPPOSED KERRY PLAN: CHANNEL 1
  • ISRAEL’S SECURITY CABINET HAS REJECTED GAZA CEASEFIRE PROPOSAL, SEEKS MODIFICATIONS -GOVT SOURCE

AP had some more details:

Israel on Friday rejected a Gaza ceasefire proposal presented by US Secretary of State John Kerry, Israeli public television reported.

 

The security cabinet has unanimously rejected the ceasefire proposal of Kerry, as it stands,” Channel 1 said, adding that ministers would continue discussing it.

Or, largely just as was expected (because even Bloomberg is now reporting how the entire middle east is mocking John Kerry). But perhaps the reason why gold appears to have suddenly found a bid is the following:

  • JOHN KERRY TO SPEAK FROM CAIRO LATER TODAY

Because just when you thought things couldn’t get any worse, John Kerry opens his mouth…





Pentagon Says Russia Preparing To Transfer “Powerful Weapons” To Ukraine

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

No red lines, no YouTube clips, no “satellite images” of WMD this time: just more “straight to propaganda” speculation by the Pentagon. From Reuters:

The Pentagon said on Friday the transfer of heavy-caliber multiple-launch rocket systems from Russia to Ukrainian separatists appeared to be imminent with the arms close enough to the border they could be handed over “potentially today.”

 

“We have indications that the Russians intend to supply heavier and more sophisticated multiple-launch rocket systems in the very near future,” said Army Colonel Steve Warren, a Pentagon spokesman, adding that the weapons were in the over-200mm range.

 

Warren indicated the weapons had been seen getting closer to the border and the Pentagon believed a transfer was imminent and could happen “potentially today.”

 

“We believe that they are able to transfer this equipment at any time, at any moment,” he said.

So Russia “could”, potentially today” transfer rocket launchers to Ukraine. But wait, wasn’t the same Pentagon reporting hours ago that Russia is now, with the entire world clearly watching, no longer even pretending to be not engaged and is firing at Ukraine forces directly from its own territory? Why would they stop now? And surely with every US spy satellite trained at east Ukraine, the moment this happens it will be blasted to every media outlet. Right?

More:

A multiple-launch rocket system is a wheeled or tracked vehicle mounted with multiple tubes capable of firing a half dozen or more guided or unguided rockets in quick succession at targets scores of miles (km) away. The rockets are generally 100mm to 300mm, with those over 200mm in the heavier-caliber category.

 

“We’re very concerned with the quantity and the capability of weapons flowing from Russia into the Ukrainian separatists’ hands,” Warren said.

 

“There has been a continuous flow over the last several weeks of weapons and equipment from Russia to Ukraine,” he said, noting that the “most egregious example” was a column of more than 100 vehicles crossing the border.

 

The Pentagon’s assessment that a transfer of heavy weaponry was imminent came as Russian authorities accused Ukraine of firing a volley of mortar rounds across the frontier into Russia on Friday while a group of


continue reading





Man Carrying Ebola Virus In World’s Fourth Most Populous City, Dies In Quarantine

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Update: It has been confirmed that the Liberian man who died in quarantine, did in fact have Ebola. Cue panic mitigation.

* * *

While the state of Sierra Leone is scrambling to locate the missing woman who is “on the loose” in the capital Freetown with a documented case of Ebola, we can at least close the book on the other developing story we reported yesterday involving a person who collapse in the international airport of Nigeria’s megacity, Lagos, and who was being tested for Ebola. The man has died.

From Reuters:

A Liberian man suspected to have Ebola virus has died in quarantine in Lagos, Nigeria, a Nigerian official in Geneva told Reuters on Friday.

 

The man, who collapsed on arrival at the airport in Nigeria’s commercial centre, Lagos, on Thursday, was being kept in isolation by authorities and had not entered the mega-city of 21 million people, he said.

 

“While he was in quarantine he passed away,” the official said. “The Liberian came in and he was quarantined at the airport and not allowed to go to the city. While he was quarantined he passed away. Everyone who has had contact with him has been quarantined,” he told Reuters. 

 

If confirmed, the Liberian man would be the first case on record of one of the world’s deadliest diseases in Nigeria, Africa’s biggest economy and with 170 million people, its most populous country. However, Ebola is one of a number of viruses that can cause hemorrhagic fever. 

It is unclear if he passed away from natural causes, such as being beaten to death to avoid any loose ends, or because the Ebola virus he was carrying was in very late stage.

No matter the open questions, we are confident that there is nothing to worry about and that the risk of anyone else encountering the man (who may or may not have died from Ebola 24 hours later) while at the airport, and certainly flying off to non-African destinations, is below zero. In fact, we are confident that no matter what the story is, it is bullish for risk assets and certainly for global healthcare companies.





Number Of French Jobless Rise To New Record

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With “recoveries” like these who needs staged, false flag conflicts and wars covering over 10% of the globe? Well, socialist France for one which moments ago announced that total jobless rose from 3.389 million to 3.398 million, a new record high. Surprisingly, while the year-over-year unemployment change for people under 25 declined by 3.1%, it was workers 25-49 which saw a material 3.3% increase in joblessness, but it was workers aged 50 and older that saw a veritable surge in unemployment, rising by 11.5% from a year ago. Surely, just like in the US, this is due to young people retiring in droves.

Reuters reports:

The number of people without a job in France rose in June to yet another record in the latest blow to President Francois Hollande’s efforts to get unemployment falling.

The Labour Ministry said the jobless total in mainland France rose by 9,400 last month to 3,398,300, up 0.3 percent over one month and 4.0 percent over one year.

Hollande has seen his popularity collapse to record lows for a French president as he failed to live up to promises to get unemployment declining.

The Socialist leader is counting on plans to phase out 30 billion euros ($40.29 billion) in payroll tax on companies to get them investing and hiring.

In one ray of light for the job market, the Labour Ministry said the number of job offers received by the state employment agency had risen 5.4 percent in June from May.

The good news for France, which like Venezuela is on its way to becoming another socialist utopia, is that it sill has headlines like these to look forward to:


continue reading





First Syrian Rebels, Now Hamas: Qatar Once Again Emerges As “Mystery” US-Backed Sponsor Of War

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

It was a little over a year ago when the “Mystery Sponsor Of Weapons And Money To Syrian Mercenary “Rebels” Was Revealed” as none other than the uber-wealthy Qatar (also known as the tiny but filthy rich state in the Persian Gulf that hosts the US Fifth fleet, better known as infinite leverage vis-a-vis the United States), which effectively had been pulling the US interventionist strings in hopes of taking out the Assad government and installing a puppet regime, one which would be helpful in facilitating the passage of a natgas pipeline beneath the country, which would then proceed into Turkey and all the way into Europe, as a means of bypassing Europe’s reliance on Russia (which as recent events have shown has all the leverage when it comes to Europe).  It failed.

As a result it had to redirect its puppetmastery skills elsewhere. That “elsewhere” appears to be none other than Hamas, which is now embroiled in a landwar with Israel in a conflict that has claimed the lives of over 800 people. And while we did find the revelation reported by the Times of Israel as surprising, it is certainly not shocking in a world in which moneyed interests fund militants across nations in what has become an explosion of proxy wars around the globe (see Syria, Ukraine, etc).

Palestinian President Mahmoud Abbas, left, shakes hands with Hamas leader
Khaled Mashaal, right, as the Emir of Qatar, Sheikh Hamad bin Khalifa Al Thani, center,
looks on, after signing an agreement in Doha, Qatar, Monday, Feb 6, 2012
(photo credit: AP/Osama Faisal)

According to the TOI, Israel president Shimon Peres “accused Qatar on Wednesday of becoming “the world’s largest funder of terror” due to its financial support for Hamas in Gaza.”

A spokesman for Peres would not comment on the information on which the president was basing his accusation, but Prime Minister Benjamin Netanyahu’s former security adviser said Qatar was relentlessly financing Hamas terror.

 

Qatar’s recently attempted to transfer funds for the salaries of Hamas civil servants in Gaza, following the formation of a Palestinian unity government, but was blocked by the United States, which pressured the Arab Bank not to process them. But former national security


continue reading





Oil Spikes, Stocks Dump As Van Rompuy Gives Green Light To Extend Russian Sanctions To Oil

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Curious why Brent just spiked by over 1% (and the S&P500 took a leg lower)? The reason is headlines from Reuters citing Europe’s unelected dictator, Van Rompuy who has said that sanctions should include Oil technology. However, in a hilarious twist, the unellected muppet of Europe’s insolvent banks, hopes to get his sanctions cake and snort Russia’s gas too, adding that Europe’s sanctions should exclude the gas sector.

  • LETTER FROM EU COUNCIL HEAD VAN ROMPUY TO MEMBER STATES SAYS RESTRICTIONS ON SUPPLYING TECHNOLOGY TO RUSSIA SHOULD INCLUDE OIL, BUT EXCLUDE GAS SECTOR-EU SOURCES

More from Reuters:

EU leaders seeking to agree sanctions against Russia over its actions in Ukraine are expected to include oil technology but exclude technology for Russia’s all-important gas sector, EU sources said on Friday.

 

The scaling back of the EU’s ambitions shows the difficulty of agreeing forceful sanctions against Russia without risking damage to the bloc’s fragile economy.

 

Two sources quoted from an official letter sent to EU heads of government outlining “an emerging consensus on some key principles”.

Here it appears that Europe’s unelected leaders are somehow deluding themselves that if faced with escalating sanctions, Russia will not unilaterally cut off the gas to Europe.

It gets better. Reuters also added the following:

  • LETTER FROM EU COUNCIL HEAD VAN ROMPUY ASKS EU LEADERS TO DELEGATE AUTHORITY TO AGREE TO RUSSIA SANCTIONS TO AMBASSADORS, AVOIDING NEED FOR SUMMIT-EU DIPLOMAT

Why? So that when things really escalate out of hand, and Russia does half gas deliveries sending Europe into a triple-dip recession or outright depression, the population will demand scalps. At that point the unelected Van Rompuys can say: “hey, don’t blame us. It was all the ambassadors fault.”

Lest anyone thinks that Russia is anywhere close to “blinking”, allow us to disabuse you of such naive thoughts with these Reuters and BBG headlines:

  • RUSSIA SAYS UKRAINE SHELLED RUSSIAN TERRITORY WITH THE INTENT TO KILL LAW ENFORCEMENT OFFICERS; PROOF FOR `FALSE’ U.S. CLAIMS `SIMPLY DOESN’T EXIST’ – -INVESTIGATIVE COMMITTEE STATEMENT;

But the biggest telltale is what we have said the latest escalation is all about: the South Stream – the Russian nat gas pipeline which would circumvent Ukraine entirely. “A draft document on possible sanctions
continue reading





UKRaiNe UPDaTe: MeeT THe Nu PM…

Courtesy of ZeroHedge. View original post here.

Submitted by williambanzai7.





11.7% Of The World’s At War: Global Geopolitical Risk Mapped

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

You can be forgiven for thinking that the world is a pretty terrible place right now, exclaims JPMorgan’s Michael Cembalest. With 11.7% of the world’s population currently at war (and a considerably larger percentage seemingly on the verge), it seemed an appropriate time to summarize the main geopolitical risk points in the world.

Deutsche Bank warns Geopolitical Risks Remain High

 

As Cembalest notes, the list is long… and growing

The downing of a Malaysian jetliner in eastern Ukraine and escalating sanctions against Russia, the Israeli invasion of Gaza, renewed fighting in Libya, civil wars in Syria, Afghanistan, Iraq and Somalia, Islamist insurgencies in Nigeria and Mali, ongoing post-election chaos in Kenya, violent conflicts in Pakistan, Sudan and Yemen, assorted mayhem in central Africa, and the situation in North Korea, described in a 2014 United Nations Human Rights report as having no parallel in the contemporary world. Only in Colombia does it look like a multi-decade conflict is finally staggering to its end.

 

 

For investors, strange as it might seem, such conflicts are not affecting the world’s largest equity markets very much (for now). Perhaps this reflects the small footprint of war zone countries within the global capital markets and global economy, other than through oil production.

*  *  *

While markets maybe ignorant of the risk flares, economies are not as today’s durable goods orders in the US show, even the cleanest dirty shirt is starting to get soiled.





 

Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743"

Thank you for you time!

 
 

Zero Hedge

Africa's Largest Refinery Finds 2.7 Tons Of Gold "Missing" After Computer System Upgrade

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

It's one thing to implicitly admit that there is a physical gold shortage and as a result nations - such as Germany - are unable to repatriate their physical gold held in the safe and trusted confines 90 feet below the NY Fed, gold which may or may not be there and has likely been leased out exponentially to cover paper shorts by virtually every BIS-overseen central bank (and the BIS paper gold selling team itself of course). It is something totally different to corzine, as in vaporize, 87,000 ounces of physical gold, some 2.7 tons, and blame it on a compute...



more from Tyler

All About Trends

Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

more from David

Phil's Favorites

Are We Addicted to Failure?

Charles Hugh Smith argues that our addiction to failure is a driving force in the financial market's peaks and valleys. 

Are We Addicted to Failure?

Courtesy of Charles Hugh Smith from Of Two Minds

Are We Addicted to Failure?

Like all addicts, Central Planners are confident they can manage the monkey on their back. But this is a self-serving illusion.

Addiction is many things, but beneath its complexities it is a self-destructive expression of the desire to avoid or suppress pain. The pain might be physical or mental, memories or inner demons, or tortured misgivings about one's choices, soul and life.

Though the self-destructive aspects of the addiction are painfully visible to observers, to ...



more from Ilene

Chart School

Consensus Building for 2016 Stock Market Bubble, Crash

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

The year 2016 will see a number of important events: the US presidential election, the Summer Olympics, and, according to a growing number of market analysts, another financial crisis.

Why? What’s so special about 2016? That’s the interesting thing—they all have different reasons.

First, I have to admit, I didn’t realize this pattern until it reached a certain level of blatant obviousness when the always chipper Paul Farrell of MarketWatch recently wrote a piece titled, “Great Crash of 2016, third $10 trillion loss this century.”

Paul isn’t an analyst…or,...



more from Chart School

Digital Currencies

BitLicense Part 1 - Can Poorly Thought Out Regulation Drive the US Economy Back into the Dark Ages?

Courtesy of Reggie Middleton.

An Op-Ed piece penned by Veritaseum Chief Contracts Officer, Matt Bogosian

This past weekend (despite American Airlines' best efforts), Reggie and I made it to the Second Annual North American Bitcoin Conference in Chicago. While there were some very creative (and very ambitious) ideas on how to try to realize the disruptive Bitcoin protocol, one of the predominant topics of discussion was New York Superintendent of Financial Services Benjamin Lawsky's proposed Bitcoin regulations (the BitLicense proposal) - percieved by many participants at the event as an apparent ...



more from Bitcoin

Insider Scoop

DigiTimes Reports Advanced Semiconductor Engineering Affiliate Receives Apple iWatch Orders

Courtesy of Benzinga.

An affiliated company of Advanced Semiconductor Engineering (NYSE: ASX), Universal Scientific Industrial, has reportedly received SiP module orders from Apple (NASDAQ: AAPL) for the iWatch according to industry sources, as reported by DigiTimes. Each SiP module costs approximately $60, which is 20% of the iWatch's rumored $300 price tag.

View full article http://www.digitimes.com/news/a20140723PD209.html

Posted-In: Digitimes...



http://www.insidercow.com/ more from Insider

Option Review

Starbucks Options Volume Rises Ahead Of Earnings After The Bell

Volume in Starbucks options is running approximately three times the average daily level for the stock as of 1:15 p.m. ET ahead of the company’s third-quarter earnings report after the close. Shares in the name are up roughly 1.0% just before midday to stand at $79.95. Traders of SBUX options today are more active in calls than puts, with the call/put ratio hovering near 2.0 as of the time of this writing. Much of the volume is in 25Jul’14 expiry options contracts, most notably in the $80 and $83 strike calls which have traded roughly 3,350 and 2,550 times respectively and in excess of existing open interest levels in both strikes. A portion of the volume in the $80 and $83 calls appears to be part of a spread trade.

...

more from Caitlin

Sabrient

Sector Detector: Bulls remain unfazed by borderline Black Swans

Courtesy of Sabrient Systems and Gradient Analytics

Despite a highly eventful week in the news, not much has changed from a stock market perspective. No doubt, investors have grown immune to the daily reports of geopolitical turmoil, including Ukraine vs. Russia for control of the eastern regions, Japan’s dispute with China over territorial waters, Sunni vs. Shiite for control of Iraq, Christians being driven out by Islamists, and other religious conflicts in places like Nigeria and Central African Republic. But last Thursday’s news of the Malaysian airliner tragically getting shot down over Ukraine, coupled with Israel’s ground incursion into Gaza, had the makings of a potential Black Swan event, which in my view is the only thing that could derail the relentless bull march higher in stocks.

Nevertheless, when it became clear that the airline...



more from Sabrient

OpTrader

Swing trading portfolio - week of July 21st, 2014

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



more from OpTrader

Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's the latest Stock World Weekly. Please use your PSW user name and password to log in. (You may take a free trial here.)

#452331232 / gettyimages.com ...

more from SWW

Market Shadows

Danger: Falling Prices

Danger: Falling Prices

By Dr. Paul Price of Market Shadows

 

We tried holding up stock prices but couldn’t get the job done. Market Shadows’ Virtual Value Portfolio dipped by 2% during the week but still holds on to a market-beating 8.45% gain YTD. There was no escaping the downdraft after a major Portuguese bank failed. Of all the triggers for a large selloff, I’d guess the Portuguese bank failure was pretty far down most people's list of "things to worry about." 

All three major indices gave up some ground with the Nasdaq composite taking the hardest hi...



more from Paul

Pharmboy

Biotechs & Bubbles

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so desired....buy a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...



more from Pharmboy

Promotions

See Live Demo Of This Google-Like Trade Algorithm

I just wanted to be sure you saw this.  There’s a ‘live’ training webinar this Thursday, March 27th at Noon or 9:00 pm ET.

If GOOGLE, the NSA, and Steve Jobs all got together in a room with the task of building a tremendously accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.

Well, I hate to break it to you though… they never got around to building it, but my friends at Market Tamer did.

Follow this link to register for their training webinar where they’ll demonstrate the tested and proven Algorithm powered by the same technological principles that have made GOOGLE the #1 search engine on the planet!

And get this…had you done nothing b...



more from Promotions



FeedTheBull - Top Stock market and Finance Sites



About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>