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This Says Our Favorite Biotech Is Off to the Races

Shares of a promising biotech we recommended back in February 2013 – jumped as much as 27% to a three-month high of $14.20 yesterday after the company said a new cancer drug met its main goal in a midstage clinical trial.

Its shares backtracked a bit as the day progressed but still closed 17.6% higher for the session. These shares have advanced 361% since we first told you about them. The stock has generated a peak gain of 456%, making it one of the 31 recommendations we’ve made to you that have doubled or better since we launched Private Briefing in August 2011. (More on that later…)

  • Featured Story

    Will the Government Start Taking 401(k) Money?

    Keith 401k

    With Washington battling over what to do about its $16.4 trillion debt pile, rumors are swirling that the government will start taking 401(k) money to cure its fiscal ills.

    There's plenty to take.

    A study published by the Investment Company Institute in 2012 stated that U.S. retirement assets at the mid-point of the year totaled somewhere in the neighborhood of $18.5 trillion.

    If you look specifically at what most Americans take advantage of - IRAs and 401(k) plans - they have amassed $3.5 trillion and $5.1 trillion, respectively.

    These large sums of untaxed money are proving to be very tempting to an administration looking for revenue to help rein in our whopping national debt.

    "The government is spending money like a drunken sailor, and they need to get their meat hooks into any cash stock pile they can," Money Morning Chief Investment Strategist Keith Fitz-Gerald explained in the accompanying video on why the government could start taking 401(k) money.

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