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Stock Ideas Top Headlines Weekend Edition The Best of The S&A Digest
Stock Ideas Top Headlines Weekend Edition The Best of The S&A Digest 
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By Rick Pendergraft Dear Reader, As far back as Labor Day, I have been warning that it was going to be a tough year for the retailers. Now we are seeing it play out to its fullest. The warnings signs were simple - a tightening credit market, a slumping housing market, and a negative savings rate in this country. |
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| Weekend Edition The Best of The S&A Digest |
| Saturday, 24 November 2007 | ||||||
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Why take down a coin dealer? Well, NORFED stands for "National Organization for the Repeal of the Federal Reserve Act and Internal Revenue Code." These guys were trying to launch a private, gold-backed currency, which the federales contend is counterfeiting. Imagine the irony of selling gold coins and being arrested for selling "counterfeit" money!? Oh... one more thing... the latest versions of NORFED silver coins feature a likeness of Ron Paul – the presidential candidate who has promised to do away with the Fed and the IRS. The coins are now fetching $300 on eBay. Apparently, a "counterfeit" silver liberty dollar is worth a lot more than a "real" dollar.While the federales are busy protecting you and me from evil coin dealers... how will they handle the real threat to their paper currency? "They get our oil and give us a worthless piece of paper," says Iranian President Mahmoud Ahmadinejad at the recent OPEC meeting. OPEC announced it would begin to study how to move away from pricing oil in dollars. If OPEC drops the dollar... look out below. The game will be up, and the dollar, as the world's reserve currency, will be destroyed. PSIA pick Intel (INTC) will increase its dividend 13% to 12.75 cents a share. The increase will start in the first quarter of 2008. While Intel's working to give its money away, competitor Advanced Micro Devices (AMD) is scrounging for capital. The world's second-largest semiconductor manufacturer sold an 8.1% stake in newly issued shares to Mubadala Development, an Abu Dhabi sovereign wealth fund. AMD will use the cash for general corporate purposes. Detroit is now the country's most dangerous city, according to private research firm CQ Press. The streets are crime-ridden, the auto industry is in the hole, and you can't give the real estate away. Who would ever think of investing in this place? Tom Dyson. Earlier in the year, 12% Letter editor Dyson traveled to the depressed city to scope out the real estate and local businesses. We don't spend a lot of time writing about commodities in The Digest. Since they're priced in dollars, they've been going up. What more did you need to know? But, with the implosion of the U.S. banking system getting worse and worse each day, it seems that the rapid escalation of credit and money might be coming to an end. What would that do to rates of inflation? What would that do to global demand? What would that do for U.S. GDP growth? Dr. Copper, who knows more about the global economy than most commodities, seems to have an answer. Copper prices broke down technically on Monday, trading decisively below their previous support level. Inside Strategist editor Graham Summers noticed the insider buying in financials early on and has made some recommendations to profit from the trend. His latest recommendation came out on Wednesday. To read more from Graham, click here... Regards, Porter Stansberry Excerpted : Growth Stock Wire
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