Prepare for This Seismic Currency Shift (and Profit)
We all know the U.S. dollar is the de facto world reserve currency.
And if you've been reading my column for a while, you also know its status is being seriously challenged.
China and Russia have taken the biggest steps to that end so far.
But it seems we may already be in the planning stages to consolidate currencies, with the ultimate goal of establishing a single currency for the entire planet.
Hard to envision, but the signs are there.
That's something not meant to benefit you or me, but there are ways to leverage this intensifying trend to your advantage…
Here's Why the Price of Silver Is Up for Its Sixth Week in a Row
The price of silver is up for the sixth week in a row, refusing to languish in the summer doldrums, which have historically kept the white metal from sustaining rallies into July and August.Here’s why the trend is reversing this year…
What Thomas Piketty's Best Seller Has to Do with Investing in Energy
No one would have ever thought that a 700-page book on economics like Thomas Piketty's Capital in the Twenty-First Century would hit the best-seller lists and become a lightning rod for political controversy.
What does Piketty's Capital in the Twenty-First Century have to do with making money in energy? A lot more than you might think.You can't make big money investing in energy without understanding how it works...
The CYNK Stock Trap: When to Ignore a 24,000% Gain
Sometimes even a 24,000% gain can be a bad thing, especially if it involves a very dicey penny stock.
CYNK Technology Corp. (OTC: CYNK) spiked from $0.10 in mid-June to a Wednesday closing price of $14.71 in less than four weeks. But according to publicly available data, CYNK has never earned any revenue and had lost $1.5 million as of the end of 2013. Oh, and the company has no assets, either.
How could a penny stock like CYNK soar so dramatically, and who might be orchestrating it?That's what everyone wants to know...
Wells Fargo (NYSE: WFC) Starts Big Banks Earnings Season with a Profit Rise and Revenue Drop
Wells Fargo & Co. (NYSE: WFC) kicked off second-quarter bank earnings season Friday morning. While the bank didn't deliver any surprises, its numbers failed to impress.
Shares of the largest U.S. bank by market cap, up 28.5% since October, fell nearly 2% to $50.82 on brisk volume following the uninspiring report.While analysts have trimmed estimates on a number of banks in the last several weeks, expectations for WFC held steady. Here’s the full story on Wells Fargo Q2 earnings, and what it means for WFC stock…
Alibaba IPO Date Is Clearer Now With "Roadshow" Timetable Set
Further details about the Alibaba IPO date were revealed late yesterday (Thursday) when The Wall Street Journal reported that the e-commerce giant will begin its IPO process as soon as the end of July.
Numerous estimates place the Alibaba IPO near $20 billion, which would make it the largest U.S. IPO ever. At the least, Alibaba is expected to easily beat the $16 billion raised by Facebook Inc. (Nasdaq: FB) in 2012, making it the largest Internet IPO of all time.According to the typical timeframe for IPOs of that size, here’s when investors can expect the Alibaba IPO date…
Gold Market Shift: Third-Biggest Gold-Producing Country Shocks with New Data
The landscape of the gold market has been changing dramatically in the last decade in terms of the dominant gold-producing nations. For example, for nearly a century, South Africa held the top spot for gold production. But in 2008, China took over, and since then, South Africa has sunk down to the fifth spot.This week marked another surprise for the top five…
Act on This Massive Profit "Spark" Ahead of the Big Boys
It's easy to see why investors pile into a company's stock on the heels of highly successful products, technologies, or services.
Investors rewarded Apple shares after their steady flow of innovative product launches, while Google shares have been on an almost uninterrupted rise since its 2004 IPO.
Even Facebook has recovered nicely after its initial IPO debacle.
In each of those examples it's tempting to focus on the products the company offers, to draw a direct line to their success. iPhones and the introduction of stylish touchscreen interfaces in the case of Apple, the aggregation and accessibility of all things data-related in the case of Google, or just mere self-indulgence in the case of Facebook.
What's important to notice, though, is that in each case we likely wouldn't be talking about them had it not been for shrewd leadership at the top.
For small caps, finding the right leader can prove a more critical "spark" to major profits… Full Story
Are We Running Out of Oil?
For many years, industry experts have been sounding the alarm that America, and the world, are about to run out of oil.
Every expert who's predicted "the end of oil" has been wrong in the past. But with global energy consumption at an all-time high, and much of the world's economy dependent on oil, the question is: Are we running out of oil?Here's everything you need to know about today's oil market...