Faber: “Only one way to short central banks and that is to buy gold”.Marc Faber warned at the weekend that 2015 may be the year that investors will lose confidence in central banks and that investors will “suddenly realise what a scam that central banking is”.He is long gold and recently bought more gold and investors should buy gold and […]
NEW YORK (MarketWatch) — The U.S. stocks were under pressure on Wednesday as crude-oil prices gave up part of the gains racked up over a four-day trading span, while a report on private-sector hiring disappointed.Private employers added 213,000 jobs in January, according Automatic Data Processing Inc. Economists use the number to get a feel for the official jobs report due […]
Dow Stock Market Trend Forecast 2015 by Nadeem WalayatStock-Markets / Stock Markets 2015Feb 03, 2015 – 01:48 AM GMTBy: Nadeem_WalayatThe stock market has had wild roller coaster ride during January in the wake of the euro-zone crisis where one of the best days of the year (+275) is immediately followed by the worst day of the year (-335) the effect […]
VIDEO UPDATE: 30m session looking at the long term market charts, top 5 movers on the day, some education, and a kickoff with a personal story of how a stop loss order I had on AMZN bit me for $2,000+, ouch.Indexes finished off a volatile session with strong gains in the closing hour as the S&P 500 closed up 1.30% […]
SummaryFCX trading below tangible book value.
The stock has a 6% dividend yield at its current price.
Indonesia continues to be a giant thorn in the side of Freeport management.
Dividend may not be sustainable.
Either capex or the dividend needs to be reduced, after examining free-cash-flow.
Freeport-McMoRan (NYSE:FCX) kicks off the Basic Materials festivities Tuesday morning, January 27th, 2015, releasing their 4th quarter, 2014 […]
China’s stock market is tanking, and curbs on borrowed money are to blame – Quartz
Chinese investors at a brokerage in Anhui province on Jan. 19. (Reuters/Stringer)
SHAREWritten byLily Kuo@lilkuoJanuary 19, 2015Chinese stocks tumbled today, with the Shanghai Composite Index (SCI) down almost 8%, its biggest fall in a single day in six years. The culprit? A crackdown on margin trading, which […]
Chinese stocks plunged Monday after the country’s securities regulator rapped three major brokerages for continuing to lend money for stock purchases in violation of rules. As punishment for extending so called “margin trading” contracts, the brokerages are forbidden to offer credit to new customers for three months.How much did shares fall?At one point Monday, the Shanghai Composite Index was down […]
Market dilemma: Accurate government data
Discussing today’s weak retail sales data and Obamacare’s impact on the overall economy, with Kim Caughey Forrest, Fort Pitt Capital Group; Keith Fitz-Gerald, Money Map Press; Kenny Polcari, O’Neil Securities; and CNBC’s Steve Liesman.
Investors are getting hit from all sides — the World Bank cut its global growth forecast, oil and other commodities are under more […]
Quick note – Please take our quarterly reader survey here; just 3 quick questions to help us continue to serve you. Thanks!Thursday’s rocket move upward is exactly the type of session that bears have had nightmares about for years on end. What looked like nothing more than an oversold bounce yesterday to offset some pressure turned into a huge move […]
Bloomberg TVTom Lee, the most bullish strategist on Wall Street for the second year in a row.In 2014, Wall Street’s stock market forecasts proved too conservative. The S&P 500 closed the year at 2,058, above the year-end forecast of all but one strategist — FundStrat’s Tom Lee. For 2015, Wall Street sees stocks gaining some ground, but few strategists are calling for […]
