TagsTransfersAbout the authorFreddie TaylorShare the loveHave your say Tottenham keen on Hull City winger Bowenby Freddie Taylor10 months agoSend to a friendShare the loveTottenham Hotspur are targeting Hull City winger Jarrod Bowen.According to football.london, Spurs have been scouting the 22-year-old on numerous occasions.He ha scored 10 goals this season from the right wing.Besides his obvious talent, Spurs are interested in Bowen because he is not cup-tied for the FA Cup and will help fill their homegrown quota.
Former Nebraska Star RB Lawrence Phillips Describes Prison To HS Coach, “It Is Completely Nuts In Here”
LINCOLN, NE – AUGUST 30: The Nebraska Cornhuskers take the field for their game against the Florida Atlantic Owls at Memorial Stadium on August 30, 2014 in Lincoln, Nebraska. (Photo by Eric Francis/Getty Images) @KETVFormer Nebraska star running back Lawrence Phillips is currently in prison, serving a 31-year sentence following a 2009 assault conviction. How has his time in prison been? Unsurprisingly, not great. Thanks to USA Today Sports, we’ve gotten an inside look at what Phillips’ life at Kern Valley State Prison in Delano, Calif., is like. The media group obtained letters that Phillips wrote to some of his high school coaches. Here are some excerpts from his letters: We have been in lock down about 80% of the time. You would be surprised at what these altercations are about! Nonsense! But when your world is this small all one has to care about is nonsense. That is why I do not want any of these idiots in the cell with me.All they they want to do is the drugs, make knives and make alcohol. Then they say when they get out they will not come back. I tell them of course you will. You are doing the same thing that got you locked up. Of course they do not want to hear that. It is like speaking to a brick wall.—-I do not have a cell mate. All of these dudes want to use drugs and (illegible) weapons in the cell. I’m in the process of applying for single-cell status. I will let you know how that goes.—–Well, there is nothing new happening here. We are still locked down. One of the guards was assaulted so it may be awhile. Coach D, this place is a jungle. Trouble everywhere. One must swallow his pride constantly or one will always be in the hole. But we must deal with the situation we put ourselves in.Terrifying. You can read all of the letters obtained by USA Today Sports here.
college football playoff field Twitter/PlayoffWe’re just four days away from the College Football Playoff field being announced, but per usual, nothing is even close to set in stone. The current field – Clemson, Alabama, Oklahoma and Iowa – is bound to change, given the list of conference championship games to be played this Saturday.Obviously, the television networks have their favorites – they’d love to see Alabama stay in the field and have Ohio State sneak in. The bigger the fan bases, the more money they’ll make. Plus, Nick Saban and Urban Meyer are the best two coaches in the game.But that doesn’t necessarily mean that it would be good for the sport, long-term. We’ve gone through and picked out the playoff foursome (one that is possible this year) that we believe would be the best for college football, long-term. You’ll be surprised to see which teams are included.Get Started: No. 4 – Iowa >>>Pages: Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7
For many of us—no matter where we work or what we do—nothing feels as good as success. And for many of us, nothing is more harmful to our growth and development To understand why this is, compare success to failure. Companies tell their employees over and over again to embrace your failures, to ask yourselves what went wrong and to take advantage of all the learning opportunities that failure affords. What a missed opportunity that is. In fact, it almost guarantees that success will eventually breed not more success, but failure. But when it comes to success, companies rarely feel the urge to stop and see what they can learn from their experience, and what they may want to change. Rather, the instinct is to assume that if they succeeded, all is good with the world. What did we do right? Everything. What did we do wrong? Nothing. With that in mind, here are guidelines I’ve culled from my research for the best ways to put successes under a microscope—and make future successes a lot more likely. Read the whole story: The Wall Street Journal
Ukrainian cable operator Volia has added locally-produced women’s interest channel Milady Television to its programming line-up.The channel, which airs programming covering fashion, beauty, celebrity news and advice and is, according to its founders, based on the example of international channels such as Cosmopolitan TV, Lifetime and Diva Universal.Content on the channel include lifestyle shows Zhyttya prekrasne, and Feyeriya mandriv, fitness show Ozdorovcha himnastyka, fashion show Fashion-khvylynka, health show Fakty pro zdorov’ya and cooking show Svitova kukhnya.
Jessica NealNetflix has promoted Jessica Neal to chief talent officer, leading the group responsible for culture, human resources, and recruiting and training.Neal first joined Netflix in 2006 but left in 2013 to become head of human resources at online education company, Coursera, and later chief people officer at mobile games firm Scopely.She returned to Netflix earlier this year, overseeing HR for Netflix’s 2,000-person product engineering team.
Despite the fact that the silver price spent all of the New York trading session in the plus column, that state of affairs didn’t extent into the silver equities, as they followed a path almost identical to their golden brethren—and Nick Laird’s Intraday Silver Sentiment Index closed down 0.28%. And as I write this paragraph, the London open is about ten minutes away. Gold and silver are down a bit—six bucks in gold and a dime in silver—and both platinum and palladium are up a dollar or so. Net gold volume is around 18,000 contracts—and silver’s net volume is around 4,600 contracts. Both these volume figures are considerably lighter than they were this time yesterday. The dollar index is rallying at the moment—and is currently up 23 basis points as of this writing—and just under the 93.00 mark once again. Of course the big news in the precious metal market yesterday was the third counterintuitive withdrawal from the SLV ETF within the last week. As I mentioned at the top of this column—6.75 million ounces were withdrawn yesterday—and that’s on top of the 4.55 million ounces that were taken out on Wednesday and Thursday of last week. And as I also mentioned, just under 32 million troy ounces has been withdrawn from SLV since December 1, 2014—and not a peep out of anyone except Ted Butler about this. Why this story isn’t big news on every precious metal website on Planet Earth is beyond my comprehension, as the gold pundits bisect and dissect every squiggle in GLD, the gold ETF—but pass on SLV. What is it with these people??? Here’s Nick’s 1-year chart of the SLV ETF showing the counterintuitive withdrawals beginning on December 1, 2014. The third counterintuitive withdrawal from the SLV ETF within the last week The gold price rallied in early Far East trading on their Wednesday morning before getting capped in heavy volume around 2:30 p.m. Hong Kong time. It got sold down about six bucks from there, but once the noon London silver fix was in, the price rallied anew as the dollar index began to roll over in earnest. Then someone hit the “sell precious metals/buy the U.S. dollar” button at the 9:30 a.m. EST open of the equity markets in New York—and shortly before 10:30 a.m. the gold price was at its low tick of the day—and back below the $1,300 spot level, which had it had breached to the upside in afternoon trading in the Far East earlier on their Wednesday. It recovered about ten bucks of that sell-off by 2:30 p.m.—and quietly sold down a bit during the remainder of the electronic trading session. The high and low tick were reported by the CME Group as $1,307.00 and $1,284.60 in the February contract. Gold closed yesterday in New York at $1,292.90 spot, down $1.30 from Tuesday’s close. Net volume was way up there once again at around 177,000 contracts. Then the other question that begs an answer is why all the counterintuitive deposits in SLV between mid-July and the end of September last year as the price of silver fell steadily? Questions that are searching for answers that the main stream precious metal “analysts” won’t touch. Why? And as I send this off to Stowe, Vermont at 4:55 a.m. EST, I see that gold is still down about the same as it was just before the London open, silver is only down a nickel, platinum is up 4 bucks—and palladium has been sold down below yesterday’s closing price in New York. Gold’s net volume is around 25,000 contracts—and silver’s net volume is around 6,500 contracts, so not much has happened in the last couple of hours of London trading. But the dollar index has rolled over—and is now down 3 basis points. It was up 23 basis points two hours ago. That’s all I have for today—and I’ll see you here tomorrow. Here’s the 10-minute gold chart from Brad Robertson. Note the usual high volume in New York during early trading on the COMEX. The chart ends around 11 a.m. EST. But not to be overlooked is the volume in Far East trading on their Wednesday. This is what stopped the gold rally dead in its tracks before the London open. Silver’s rally was stopped in a similar fashion. Midnight [12 p.m. MDT on this chart] represents 3 p.m. Hong Kong time—and an hour before the London open. Almost all the Far East volume was done by then. The CME Daily Delivery Report showed that 54 gold and 34 silver contracts were posted for delivery within the COMEX-approved depositories on Friday. In gold, the only short/issuer was JPMorgan out of its client account—and Canada’s Scotiabank and Credit Suisse stopped 41 and 12 contracts respectively. In silver, Jefferies was the short/issuer on 28 contracts—and Scotiabank stopped 32 contracts. The link to yesterday’s Issuers and Stoppers Report is here. The CME Preliminary Report for the Wednesday trading session showed that gold open interest in January increased by 25 contracts—and now stands at 115 contracts—minus the 54 contracts mentioned above. Silver’s January o.i. is now down to 37 contracts—and 34 of those were posted for delivery on Friday as per the previous paragraph. Surprisingly enough, there was a withdrawal from GLD yesterday, as an authorized participant took out 57,622 troy ounces. But when it comes to the SLV action, words fail me. I must admit that when I checked the iShares.com website early yesterday evening, I wasn’t sure what to expect, although unchanged or a small deposit wouldn’t have surprised me. But what I found was one of the biggest one-day withdrawals in my memory, as an authorized participant took out a stunning 6,749,403 troy ounces. What the #$%& is going on??? Since January 1, 2015—11.3 million ounces of silver have been withdrawn from SLV—and from the beginning of December, just under 32 million troy ounces of silver have been taken out—about 1,000 tonnes of the stuff. Let me quote, in part, what I had to say about this state of affairs in yesterday’s column— Ignoring the price shenanigans in silver from November 28 to the end of December 2014—silver has rallied over $2.50 from the beginning of the 2015 calendar year—and not one ounce has been deposited. Only withdrawals. So it’s obvious that authorized participants, particularly JPMorgan, have been shorting the shares of SLV in lieu of depositing real metal, as the metal to deposit obviously doesn’t exist. The confounding thing about all this, is that only Ted Butler is talking about it. The other so-called silver analysts out there—and they’re all “so-called”—treat this issue like they would the Ebola virus. They won’t come near it. As I said last week, dear reader, you have to ask yourself why this is the case? This, and the manic in/out movements in COMEX warehouse silver stocks—and the record high silver eagles and silver maple leaf sales in the face of punk retail sales—are the silver stories of the decade, if not this very young 21st century. Why, why, why is nobody else talking about this!!! This whole thing screams of what some might call a fraud or a scam—and on a biblical scale! The good folks over at Switzerland’s Zürcher Kantonalbank updated their website with the changes in their gold and silver ETFs for the period ending Friday, January 16—and this is what they had to report. For the first time in at least two years, both their gold and silver ETFs showed increases from the prior week. Their gold ETF added 7,961 troy ounces—and their silver ETF added a chunky 378,623 troy ounces. There was only a tiny sales report from the U.S. Mint, as they only reported selling 2,500 troy ounces of gold eagles. There were no in/out movements in gold worthy of the name at the COMEX-approved depositories on Monday. Once again it was a big day in silver, as 717,077 troy ounces were received—and 148,096 troy ounces were shipped out the door for parts unknown. The link to the silver activity is here. Another day—and once again there was no December update to the website of The Central Bank of the Russia Federation. I’ll report on this situation every day going forward until it occurs. I have a very decent number of stories for you today—and once again I’ll let you perform the final edit. There appear to be two distinct forces to the budding gold and silver price rally this year – futures positioning on the COMEX and Western physical metal buying, principally in the ETFs (exchange traded funds). Futures buying by speculators on the COMEX actually began before year end, at the price lows of early November and in some ways is now quite advanced. Most likely in the COT report to be released on Friday, speculators will have bought more than 100,000 net COMEX gold contracts (10 million oz) and 40,000 COMEX silver contracts (200 million oz) through the close yesterday since November. Of course, traders identified as commercials (but who are really also speculators) sold an equivalent number of the paper contracts since early November, since there must be a seller for every buyer—and vice versa. Based upon the raw quantities of the equivalent metal involved, it is fairly straightforward to conclude that COMEX futures positioning was the prime factor behind the price rally to date. The flip side to speculative buying/commercial selling on the COMEX is that when the speculators are done buying, the commercials then look to induce those speculators to sell—and the risk of a sell-off grows high. I call this manipulation because COMEX futures positioning causes prices to first rise and then fall with little regard to what’s occurring in the actual world of gold and silver; but some are content to call it just the way markets work (or ignore it completely). Regardless of what you call it, the risk of a sell-off grows as speculators continue to buy COMEX futures and commercials sell. In fact, the only reason for why a sell-off might occur is if the commercials are successful in rigging a sell-off to induce speculative selling. – Silver analyst Ted Butler: 21 January 2015 I’m not sure how you wish to interpret the precious metal and dollar index antics that occurred around the open of the U.S. equity markets yesterday, but it didn’t look like anything that resembled free-market forces to me—but that’s just my opinion. Here are the 6-month charts for all four precious metals as of the close of trading yesterday—and it’s too soon to tell whether we’ve seen the tops of the current rallies or not. As I’ve said on several occasions in the last week or so, that decision is entirely up to JPMorgan et al. But, having said that, it would be my guess that they won’t have an easy time of it in the face of what else is going on in the world these days. Platinum got sold down the moment that trading began in New York on Tuesday evening—and then chopped higher, hitting its high tick shortly before 10 a.m. in Zurich. The price held in there until 9:30 a.m. EST as well—and after the sell-off, the price traded sideways into the close of electronic trading. Platinum finished the day at $1,269 spot, down 9 bucks from Tuesday’s close. The silver chart for the Wednesday trading session was a virtual carbon copy of the gold chart—and it was obvious that the silver price was headed for the moon and the stars before that not-for-profit seller put in an appearance at 9:30 a.m. in New York. The high tick in silver came at the same time as gold’s, but silver’s low tick occurred shortly before 9 a.m. Hong Kong time. The low and high were reported by the CME Group as $17.915 and $18.505 in the March contract. Silver finished the Wednesday session in New York at $18.11 spot, up 13.5 cents from Tuesday’s close. Net volume was very chunky at 54,000 contracts. The dollar index closed around 93.04 late on Tuesday afternoon in New York—and began to head south the moment that trading began in the Far East on their Wednesday morning, with the 92.25 low tick coming at 9:45 a.m. EST in New York. Ten minutes prior to that, a buyer of last resort had shown up to catch the falling dollar knife—and also kill the rally in the precious metals. The dollar index topped out at 93.05 just minutes after 12 o’clock noon EST—and started drifting lower once the COMEX trading session ended, finishing the day at 92.71—down 33 basis points. I certainly would like to know what happened inside the U.S. dollar index between 9:20 and 9:45 a.m. EST—as the volatility was off the charts for a bit. The gold stocks started in the plus column, but couldn’t hold on because of the seller of last resort in the metal itself. The shares hit their low at gold’s low—and then rallied quietly, but unsteadily for the remainder of the Wednesday session, as the HUI closed down 0.92%. Palladium rallied five dollars or so in morning trading in the Far East—and then hung in there until Zurich opened at 4 p.m. Hong Kong time, which as 10 a.m. Europe time. It was all down hill from there, until 2 p.m. EST—and then it traded more or less flat into the 5:15 p.m. close of electronic trading. Palladium was closed at $765 spot, down 9 bucks on the day. The agreement with Sumitomo on the Fourth of July project is a great compliment to our recent agreement with Newmont Mining on the Wood Hills South project. We also have the Arabia, Golden Shears and some generative efforts being funded through our joint venture business model. We have enough capital in the bank to last two more years and no debt. The share structure remains at 33.5 million fully diluted. We are very well positioned to have a major win with an incredible share structure. Renaissance Gold has proven through the joint venture business model what exploration success with a tight share structure can do. Renaissance is the spinout of AuEx Ventures that sold in 2010 and made just shy of 100x their first private placement. 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Until midnight Monday: You can take part in what could be Doug Casey’s best speculation of his career… An unprecedented opportunity is forming in the commodities market. This could be the best buying opportunity in 47 years. And Doug would like to help you take advantage of it… Click Here to Receive Your Personal Invitation from Doug. Justin: David, tell me a little bit about yourself. What’s your background? David: I began my career as a geologist almost 20 years ago. So, my background’s technical. And I worked in the industry in all different aspects (oil, gas, mining, environmental, etc.) I got involved in the investment side when I started working with Casey Research. I started the energy newsletter in 2004. So, I learned the investment side and traveled around the world. For example, in 2005 I went to Russia to look at a little-known oil company called Valkyries Petroleum—which shot up 186% over the next year, after I advised buying the stock. After Casey Research, I went out and did a number of my own projects. Justin: What kind of projects? David: We developed a 10-million-ounce gold deposit in Colombia. And we raised about $80 million on the equity market score. I then continued to travel and look at projects. Justin: Where has your work taken you? David: I’ve been to pretty much every continent. Just in the last few months alone, I’ve been to Myanmar, Brazil, Mongolia, and Colombia. This shows that commodities are the cheapest they’ve ever been relative to stocks. Justin: Interesting. It doesn’t sound like you expect them to stay cheap for much longer. So, has the next commodity cycle already begun? Or is it about to get underway? David: I think we’re in the very early innings. It’s now starting to happen in India. There’s incredible demand for raw materials. And yet, commodities are still some of the cheapest assets on the planet. This is just not a tenable situation. For the Chinese and Indian people to have the supplies they need, commodities prices have to rise. You need higher prices to support development. But capital isn’t being allocated to the resource sector. It’s going into all these places that are generally not productive. So, Doug and I see a real supply crunch coming for many commodities. And if we’re right, the next several years should be very exciting. Justin: Great stuff. Thank you, David. David: My pleasure. Justin: So, you worked for Casey Research for a few years. Then you did your own thing. And now you’re working with Doug again. How’d that come about? David: So, I was talking to Doug a while back. And he was telling me how enthusiastic he was about another big commodity cycle that’s just getting underway. Commodity prices throughout history have been reliably cyclical – they rise and fall significantly over timeframes of a few to several years. That’s because when prices go down, producers go out of business. Eventually supply contracts to the point where there’s a shortage, and then prices rise. New producers eventually start up, and finally there’s an oversupply. Then prices fall, and the cycle starts over. The last commodity cycle started in the early 2000s. Back then, gold rose from below $300/oz. to over $1000 by 2008. Crude oil soared from $20 per barrel to over $140. Copper went from below $1 per pound to as high as $4. Justin: And Doug thinks the next commodity cycle is underway? David: Yes. And Doug has sense for these types of moves. He’s been very accurate in the past, and made a lot of money for himself. And something is tweaking his radar right now. He was telling me “I really think all these things are really cheap.” Justin: Just how cheap are commodities right now? David: When you look at spot prices of commodities, they’re not just cheap. They’re historically cheap. The real breakthrough came when we plotted commodities prices against stocks. In other words, we looked at how expensive commodities are relative to stocks. There, the message is screaming. Just look at this chart. — One more point on the robots as I see it. There will be continued use of robots due to their showing up for the job, working 24 hours a day and not having a bad attitude. I agree with you that it is insane what Gates is doing but even taxing the robots—which would you rather have? A robot who does all of the described above and more or a worker with a bad attitude?—Harry Recommended Link We’re at the start of the biggest marijuana mania of our lifetime The marijuana market is on fire. With the craziest gains hitting 7,820%… 17,300%… and even 69,000%, pot stocks like these averaged peak gains of 29,000%. And on January 1, when recreational marijuana goes on sale in California, the market could virtually DOUBLE overnight. Forbes magazine wrote the marijuana market is “…the best ground-floor opportunity we’ve seen since the early days of the internet.” And CNBC added it’s “the biggest investment opportunity since the dot-com boom.” This is a once-in-a-lifetime chance to invest in the future blue chip stocks of marijuana. — Justin’s note: Yesterday, Doug Casey explained why he thinks commodities as a group are about to take off—and why it’s presenting the best buying opportunity since 1971. If you missed our interview, catch up right here. As I told you, Doug’s so bullish that he’s launching a brand-new product around this idea. Today, I sit down with the editor: David Forest, a true commodities expert who reveals even more proof that the sector is setting up for a monster rally… P.S. On Monday, I’ll continue my conversation with David. He’ll tell us about the proprietary system that he uses to identify commodities with the most upside. In the meantime—if you’d like to learn more about this huge opportunity—I highly recommend you check out our new video presentation here. You’ll also learn how you can sign up for Doug and David’s new letter, where you can access 12 recommendations right away to start profiting from this supercycle. Just be sure to act soon… This special offer closes Monday at midnight. Click here to learn more.Reader Mailbag Today, readers respond to Doug’s interview on the world’s biggest revolution: I remember when I was in Mexico in the late 80s on my sailing trip. I was talking to a local in Cabo. They were building a new road there with 50 guys and one very small tractor. This was to become the new highway into town. (The current one was not much more than a nice gravel road that kept washing out.) I asked why they didn’t have more, bigger tractors. He said the government didn’t want to replace the jobs with machinery. These guys would work for an entire day to move one big rock.—Anonymous Recommended Link Justin: David, how does your traveling help you identify investment opportunities? David: It exposes me to things I’d never know about if I just sat at my desk. For example, I’ve been traveling to Asia a lot recently. And China is all over this massive infrastructure project called the New Silk Road. You don’t hear much about this in the United States. But it’s a huge deal. They’re committing trillions of dollars to building railways, ports, and roads spanning all the way from Shanghai to London. They recently just sent the first locomotive to ever travel from Shanghai all the way to London via the routes that have been hooked up by this Silk Road funding project. When you look at the amounts they’re spending, it’s astronomical. You ask yourself, “Why are they doing this?” And when you dig into it, you realize that they’re doing this to secure supply. They’re looking at these things and going, “If we build this, we can bring phosphate back. We can bring copper back.” All these things are designed to bring resources back to the homeland. If they’re spending that kind of money to secure resources, what do they know that we don’t? Why are they so desperate when the rest of the world is pretty ho-hum? So, I’ve been thinking a lot about these things lately. So, when Doug said, “I think something’s happening in commodities,” I said, “I think you’re right.” Justin: So, traveling helps you see the big picture? David: Yes. The New Silk Road isn’t something you learn about by just reading the news on your computer or watching it on television. But you see it firsthand if you visit Asia. I was recently driving down a highway in Laos and I saw a thousand-megawatt massive hydro dam being built by a Chinese company. You drive another 10 kilometers and go, “Oh, here’s another one.” So, there’s just all this stuff going on that most people don’t know about. But you can’t help but notice it when you’re there. So, travel is important for that. Justin: Do you also visit individual companies? David: Yes. I also travel to look at the specific projects and companies that we recommend. It’s critical to go out and look at what these companies are doing and meet the people behind these projects. People are a big part of the success. Often, they’re the principal assets of exploration companies particularly. So, you need to know that you’re investing in good people. You need to have confidence that these people know what they’re doing. Spending time with them in person is the best way to figure that out. Justin: How does your technical background serve you? David: As a geologist, I spend a lot of time looking at rocks. I spend a lot of my personal time evaluating resource projects around the world for myself. So, looking at them for other people is instructive. Looking at the ones that other companies have that we might want to invest in is also instructive. You can tell a lot by getting out to a site. Are the local people in favor of it or are they throwing rocks at you? Is there a road nearby or is it eight hours by helicopter away? What does everything look like? You really get a lot of scope by going and looking at these. The idea of taxing robots is insane but not unexpected. Imagine for a moment how little people would have to “work” if there were no taxes. I just read that up to 70% of what a person makes in a 9 to 5 job goes up in the smoke of the fires of tax hell. If we could eliminate politicians and elections and enable the citizenry to handle the issues of Lawmaking using very specific rules to determine law legitimacy, over time we’d need fewer and fewer laws. The cost of government should approach zero.—Anonymous
— E.B. is the editor of Strategic Investor. He’s also one of our in-house experts on gold. And he’s bullish on the commodity today… Here’s where he sees the gold price heading in 2019…We’ve seen three very big moves in the price of gold in the 21st century. That’s one roughly every six years.We’re about due for the next one and it’s likely to be the biggest yet.In fact, I think gold could eventually go back to $1,900 – and beyond.But we’re not calling for that in 2019. This year, I believe the price of gold will hit $1,500 an ounce. It will be one of the best-performing markets in a very volatile year for equities.Keep in mind, $1,500 is 17% higher than the current gold price… $1,900 is 27% higher.A move like this would be massively bullish for gold stocks. After all, these stocks are leveraged to the price of gold. Gold stocks can run a mile when the price of gold moves an inch.Of course, this begs the question… why would gold likely head much higher?Well, there are many reasons. For one, gold is a safe-haven asset. It tends to do well when other assets, namely stocks, do poorly. But there’s another indicator that’s signaling more trouble ahead…Below is a chart of the S&P 500 going back to 1992. The three red lines represent the uptrends of the last three major bull markets. Notice what happened the last two times that the S&P 500 pierced a multi-year uptrend. The market crashed. The first time, the S&P 500 plunged 49% from 2000 to 2002. The second time, the S&P 500 fell 57% between 2007 and 2009. As you can see above – it recently broke an uptrend that’s been in place since early 2009. As stocks fall, more people should flock to gold. This, in turn, will bode well for gold stocks.But there’s also another reason you should consider speculating on gold stocks. Gold stocks are downright cheap right now… Recommended Link Please click here to see what’s going on Specifically, they’re cheap relative to U.S. stocks. You can see what I mean below. This chart shows the Gold Bugs Index (HUI) – an index that tracks gold stocks – relative to the S&P 500. The lower this ratio, the cheaper gold stocks are relative to large U.S. stocks. You can see that this key ratio is as low as it was in early 2001… just as gold was beginning a huge bull market. — The Plot Against Trump’s AmericaI believe a very serious threat to the Trump administration is on the way, and some Americans are going to get caught in the middle of this mess. I fear that you could be one of them. Millions of people could stand to lose a lot of money… especially if you own stocks, bonds, annuities, or life insurance. Understand, I’m not a prepper. I’m not a “doom and gloomer.” After studying mathematics and philosophy at one of the most exclusive schools in America, I was employee No. 2 at a tech startup during the ’90s internet boom. I went on to become a part of one of the most successful internet media companies in America. But today, I need to share a message with every American I can. Because I’ve caught wind of a big move against Trump. One that’s going to cause massive problems in our financial system. One that could change your life in irreversible ways. Gold stocks include explorers, producers, refiners (or simply miners), and streaming companies, otherwise known as royalty companies.These companies are leveraged to the price of gold. This means it doesn’t take a big move in gold for them to take off.And that’s what we’re seeing today… Regular readers know why I think this.Right now, there are several key indicators flashing danger in the banking sector and credit markets. If you’re new to the Dispatch, make sure to catch up here and here. Gold stocks are rallying… See for yourself. The chart below shows the performance of the VanEck Vectors Gold Miners ETF (GDX). This fund invests in a basket of gold mining stocks.You can see GDX has rallied 20% since its low last September… courtesy of an 8% jump in the price of gold. For comparison, the S&P 500 fell 11% over the same period. Practically every major asset ended last year in the red.Large U.S. stocks… small U.S. stocks… foreign stocks… corporate bonds… You name it.Investors would have been much better off holding cash or “cash substitutes,” as I showed you in yesterday’s Dispatch.And there’s a good chance cash outperforms major indices like the S&P 500 and the Nasdaq.But you’re probably not going to move all of your wealth into cash. And you shouldn’t. That would be just as reckless as being all-in on stocks. And U.S. stocks are likely headed much lower… If you’re over 50 and know how to use text, YOU HAVE TO SEE THISThere’s no time to waste. Only 250 people will get a chance to take advantage of this brand new money-making opportunity today. If you have a cell phone and are familiar with text messaging, click this link now. Everything will be explained… like how you could cash out amounts like $8,790, $9,100, and even $15,820 every week by clicking a few buttons. This opportunity disappears in less than 24 Hours… so watch this video now. Recommended Link Click here now to learn more about Text Alerts In other words, gold stocks bucked the overall trend of the market. They’re rising when practically everything else is falling… and this should continue. You can easily do this with GDX. This fund will give you broad exposure to gold stocks. That makes it a relatively safe way to bet on higher gold prices. Just understand that gold stocks can be highly volatile. Don’t bet more money than you can afford to lose. Use trailing stop losses. And take profits when they come.Regards,Justin SpittlerCartagena, ColombiaJanuary 10, 2019Reader MailbagOne reader tells us how he invests in gold – in a similar way to Strategic Investor editor E.B. Tucker…I own several numismatic U.S. gold coins. I own buffalos, gold eagles, etc. I only buy from the mint because I think the online dealers cull what they buy. They market PGCS grades and what doesn’t have PGCS value gets sold to customers. I might not get a “70” from the mint, but I feel my purchase hasn’t been sorted and I may get a “70.” I only buy proof coins if available.– JoeAs always, if you have any questions or suggestions for the Dispatch, send them to us at email@example.com.Tonight’s the Big Night…Tonight at 8 p.m. ET, E.B. Tucker will go on record with his next big prediction during a free investment summit. In short, he believes we’re looking at the growth of a new market from essentially $0 to potentially $400 billion in a matter of years. And three well-positioned stocks are expected to take the lion’s share of profits.You don’t want to miss this. Go here to register for free… I’m talking about gold stocks… So the question is… What stocks should you own in this environment?If you’ve been asking yourself this, you’re in luck.That’s because a special kind of stock is poised to deliver huge returns this year… even if the market at large continues to sell off. In short, now is a good time to buy gold stocks… Take it from E.B. Tucker…
A growing shortage of psychiatrists across the U.S. is making it harder for people who struggle with mental illness to get the care they need — and the lack of federal funding for mental health services may be to blame. After the school shooting in Parkland, Fla., last month, President Trump promised to “tackle the difficult issue of mental health.” But his 2019 budget proposal doesn’t devote much funding to mental health care. While the shortage of primary care physicians has been linked to recruitment, the deficit of psychiatrists is not because medical students lack interest in the field. In recent years, nearly every available training position in psychiatry has been filled, says Dr. Darrell Kirch, president and CEO of the Association of American Medical Colleges, who is a psychiatrist and neuroscientist. “The thing that’s really driving the shortage is the baby boom,” he tells Here & Now’s Jeremy Hobson. “Every day we have 10,000 baby boomers turning 65. The population is growing, but this segment of the population growing the most are those over 65, and they have the highest health care needs and that includes mental disorders.” According to a recent report by Merritt Hawkins, a physician search and consulting firm, nearly 1 in 20 adults in the U.S. — some 13.6 million — live with some form of serious mental illness. Sixty percent of those adults received no mental health services in the past year. The report also notes that in June 2016, mental health took up the largest amount of U.S. health care spending for the first time. Since 2000, Kirch says medical schools have worked to expand psychiatry departments, increasing the number of spots by 30 percent. But the federal government, which funds medical residency programs, put a cap on them under the Balanced Budget Act of 1997.”That number has been capped for 20 years now by legislation,” Kirch says. “No one intended that legislation to become permanent. And now that the population is both growing and aging, it’s become the bottleneck.” According to the Merritt Hawkins report, there are about 28,250 psychiatrists in active practice in the U.S., but they are unevenly distributed across the country, with the most doctors practicing in California, New York, Texas, Pennsylvania and Florida. Seventy-seven percent of U.S. counties have reported a severe deficiency of psychiatrists. To put this in perspective, there are more than 3,800 psychiatrists in California, but only 34 in all of Wyoming, the report says. “The people who are affected first are those who are typically underserved: people who live in more remote rural areas, people in some less advantaged urban areas, people who lack health insurance,” Kirch says.The report also argues that the problem is about to get a lot worse because of the aging population of active psychiatrists. They place third on the list of oldest types of doctors — 59 percent are 55 years old or older – meaning a wave of retirements is imminent. “The pool of psychiatrists working with public sector and insured populations declined by 10 percent from 2003-2013,” notes a 2017 report by the National Council Medical Director Institute, an organization of mental health and drug addiction providers. “Aging of the current workforce, low rates of reimbursement, burnout, burdensome documentation requirements and restrictive regulations around sharing clinical information necessary to coordinate care are some of the reasons for the shrinkage.”When they can’t find a specialist, patients often rely on primary care physicians for treatment. Kirch says one of the keys to addressing the crisis is building a collaborative care approach between psychiatrists and primary care clinics. Some states, such as Illinois, New Mexico and Louisiana, have passed legislation allowing psychologists to prescribe antidepressants and other medications to treat mental illness. Advances in telemedicine have also helped improve access to care. Kirch and other mental health advocates are urging Congress to act on legislation to expand medical residency training programs as a method of dealing with this crisis. “There are people who are struggling to get the care they need in this country,” Kirch says. “And you can’t just pull doctors new doctors off the shelf. It takes time to train them, and that means we need to free up the residency training position, expand it to meet this growing aging population.” Copyright 2018 NPR. To see more, visit http://www.npr.org/.