NewsLetterTree.com » trade

Is the Worst Over Yet? – Swiss America Weekly News Digest

NewsletterTree.com Staff — Sat, 31 Jul 2010 05:09:50 +0000

Swiss America's
Gold News Daily
Podcast M-F 6pm ET
DAVID BRADSHAW - links - ! offers
Editor, Real Money Perspectives - daily email
"Metals: Trade of the decade!" -KFNN, Business for Breakfast 7.30.09- Listen

7-30-10 -- Metals: Best performing assets -- Listen
Friday gold prices shot up over 1% on bargain hunting and weak buck. Gold last traded up $14.90 to $1,181.40/oz., silver rose $.25 to $17.97/oz. Gold prices ended July down 5% after touching a 2010 high of $1,260/oz. in June. "Gold best performing asset class over 6 months, 1, 3, 5 and 10 years": "Over the past ten years gold's annual return has been 14.3% in sterling terms, compared with 5.9% pa from bonds, 1.6% in cash and just 1.2% in real estate. Equity returns were negative," reports Mineweb... Full stories JULY News & Views

Latest Feature Commentary

Is the Worst Over?
Or have our financial woes only just begun?
7.28.10 -- By Craig R Smith , Chairman, Swiss America -- The average person on the street believes the worst of this financial crisis is behind us and the economy and the country are now on the mend. Let's say all is well and we are miles away from the edge of the abyss... more

Latest Special Offers

DON'T GET HYPNOTIZED BY THE FAKE "RECOVERY"
Political talk is cheap. Believing it can be fatally expensive! By Craig R. Smith -- Recent events have opened our eyes to a brave new world where the institutions we used to trust with our life savings and future security are no longer reliable. Our trust has been broken for many good reasons. Our national debt is growing by $100,000 every three seconds, and politicians ... more...

Want the latest gold news daily?

Real Money Perspectives Weekly Email Newsletter is a free service of Swiss America Trading Corporation .

To unsubscribe use this link:
http://www.swissamerica.com/unsub.php?addr=***

FuturesPulse Market Recap

NewsletterTree.com Staff — Thu, 29 Jul 2010 16:04:13 +0000

*****************************************************************************
FuturesPulse Market Recap is brought to you by Daniels Trading .

Get Your 40-Page Guide to Futures & Spread Trading by Guy Bower

This comprehensive ebook, compliments of Guy Bower, is designed to help you
understand and master the fundamentals of futures spread trading.
Including over 40 pages and organized in a straightforward, easy to follow
format, your ebook will cover:

* The mechanics of futures trading
* Types of futures spreads
* Instructions on how to trade spreads
* An in-depth look at seasonality and its impact on the markets
* Multiple quizzes to test your understanding of the material and more!

Register now for immediate access to your spread trading guide.
*****************************************************************************

You are receiving this email because you opted-in to FutureSource's Daily Market Recap. For best viewing of
future emails, please add *** to your Safe Senders List or Address Book. To modify
your subscription profile or leave this list, please see the links at the bottom of this email.

***BOND MARKET RECAP - 7/29/2010
September Bonds finished up 0-010 at 126-280, 0-080 off the high and 0-210 up
from the low.

September 10 Yr Treasury Notes closed up 0-075 at 123-030. This was 0-100 up from
the low and 0-120 off the high.

Technical Outlook
BONDS (SEP) 07/30/2010: Declining momentum studies in the neutral zone will tend
to reinforce lower price action. The market's close below the 9-day moving average
is an indication the short-term trend remains negative. It is a mildly bullish
indicator that the market closed over the pivot swing number. The next downside
target is now at 125-300. The next area of resistance is around 127-130 and
127-230, while 1st support hits today at 126-170 and below there at 125-300.
10 YR TREASURY NOTES (SEP) 07/30/2010: The daily stochastics have crossed over
up which is a bullish indication. Momentum studies are rising from mid-range,
which could accelerate a move higher if resistance levels are penetrated. The
close above the 9-day moving average is a positive short-term indicator for trend.
A positive setup occurred with the close over the 1st swing resistance. The next
upside objective is 123-280. The next area of resistance is around 123-190 and
123-280, while 1st support hits today at 122-290 and below there at 122-155.

***STOCK INDICES RECAP - 7/29/2010
September S&P closed down 6.6 at 1095.5. This was 6.5 up from the low and 17.3
off the high. September S&P E-Mini finished down 5.25 at 1096.75, 16.25 off the
high and 8 up from the low.

September Dow finished down 39 at 10409, 131 off the high and 69 up from the low.

Technical Outlook
S&P 500 (SEP) 07/30/2010: The daily stochastics have crossed over down which is
a bearish indication. Daily stochastics turning lower from overbought levels is
bearish and will tend to reinforce a downside break especially if near term support
is penetrated. The market's short-term trend is positive on the close above the
9-day moving average. The market tilt is slightly negative with the close under
the pivot. The next downside objective is now at 1074.40. The next area of
resistance is around 1107.40 and 1122.00, while 1st support hits today at 1083.60
and below there at 1074.40.
S&P E-MINI (SEP) 07/30/2010: A crossover down in the daily stochastics is a bearish
signal. Daily stochastics turning lower from overbought levels is bearish and
will tend to reinforce a downside break especially if near term support is
penetrated. The close above the 9-day moving average is a positive short-term indicator
for trend. It is a slightly negative indicator that the close was under the swing
pivot. The next downside target is now at 1074.57. The next area of resistance
is around 1108.87 and 1123.06, while 1st support hits today at 1084.63 and below
there at 1074.57.
NASDAQ (SEP) 07/30/2010: The daily stochastics gave a bearish indicator with a
crossover down. Momentum studies trending lower from overbought levels is a bearish
indicator and would tend to reinforce lower price action. The market's close above
the 9-day moving average suggests the short-term trend remains positive. The
market's close below the pivot swing number is a mildly negative setup. The next
downside target is 1817.63. The next area of resistance is around 1891.25 and
1911.62, while 1st support hits today at 1844.25 and below there at 1817.63.
DOW (SEP) 07/30/2010: Rising stochastics at overbought levels warrant some caution
for bulls. The close above the 9-day moving average is a positive short-term
indicator for trend. The upside closing price reversal on the daily chart is
somewhat bullish. Market positioning is positive with the close over the 1st swing
resistance. The near-term upside target is at 10565. The next area of resistance
is around 10548 and 10565, while 1st support hits today at 10478 and below there
at 10426.

***CURRENCY MARKET RECAP - 7/29/2010
September US Dollar closed down 0.565 at 81.745. This was 0.145 up from the low
and 0.540 off the high.

September Euro closed up 1 at 130.79. This was 1.02 up from the low and 0.27 off
the high.

September Japanese Yen finished up 0.68 at 115.11, 0.46 off the high and 0.82 up
from the low.

September Swiss finished up 1.51 at 96.08, 0.37 off the high and 1.53 up from the
low.

September Canadian Dollar finished up 0.15 at 96.42, 0.58 off the high and 0.24
up from the low.

September British Pound closed up 0.28 at 156.09. This was 0.33 up from the low
and 0.51 off the high.

Technical Outlook
JAPANESE YEN (SEP) 07/30/2010: Declining momentum studies in the neutral zone
will tend to reinforce lower price action. The market's close above the 9-day
moving average suggests the short-term trend remains positive. The market setup
is supportive for early gains with the close over the 1st swing resistance. The
next downside target is 113.74. The next area of resistance is around 115.74 and
116.29, while 1st support hits today at 114.46 and below there at 113.74.
EURO (SEP) 07/30/2010: Momentum studies are trending higher but have entered
overbought levels. The market's short-term trend is positive on the close above
the 9-day moving average. The market has a bullish tilt coming into today's trade
with the close above the 2nd swing resistance. The next upside objective is 131.88.
The market is approaching overbought levels with an RSI over 70. The next area
of resistance is around 131.41 and 131.88, while 1st support hits today at 130.13
and below there at 129.31.

***PRECIOUS METALS RECAP - 7/29/2010
August Gold closed up 8.2 at 1168.6. This was 9.9 up from the low and 0.6 off the
high.

September Silver finished up 0.176 at 17.617, 0.078 off the high and 0.137 up
from the low.

Technical Outlook
COMEX SILVER (SEP) 07/30/2010: Momentum studies are declining, but have fallen
to oversold levels. A negative signal for trend short-term was given on a close
under the 9-bar moving average. The close over the pivot swing is a somewhat
positive setup. The next downside target is 1739.2. The next area of resistance
is around 1773.2 and 1782.1, while 1st support hits today at 1751.8 and below
there at 1739.2.
COMEX GOLD (AUG) 07/30/2010: Momentum studies are declining, but have fallen to
oversold levels. A negative signal for trend short-term was given on a close under
the 9-bar moving average. With the close over the 1st swing resistance number,
the market is in a moderately positive position. The next downside objective is
now at 1155.8. The next area of resistance is around 1173.8 and 1176.7, while 1st
support hits today at 1163.4 and below there at 1155.8.

***COPPER MARKET RECAP - 7/29/2010
September Copper closed up 4.45 at 329.00. This was 2.55 up from the low and 0.70
off the high.

Technical Outlook
COMEX COPPER (SEP) 07/30/2010: Studies are showing positive momentum but are now
in overbought territory, so some caution is warranted. The market's short-term
trend is positive on the close above the 9-day moving average. It is a mildly
bullish indicator that the market closed over the pivot swing number. The near-term
upside objective is at 333.88. With a reading over 70, the 9-day RSI is approaching
overbought levels. The next area of resistance is around 331.02 and 333.88, while
1st support hits today at 323.98 and below there at 319.79.

***************************************************************************

2010 Commodity Trading Guide - Free from RJO Futures!

A $20 value, it is available to you without cost as compliments of

RJO Futures. Published by the Hightower Report, the Commodity

Trading Guide is a valuable resource for anyone interested in the

commodities market. It serves as a reference throughout the year.

Order your copy now!

***************************************************************************

***ENERGY MARKET RECAP - 7/29/2010
September Crude Oil closed up 1.29 at 78.28. This was 1.83 up from the low and
0.61 off the high.

September Heating Oil closed up 4.07 at 206.67. This was 5.06 up from the low and
1.81 off the high.

September RBOB Gasoline finished up 3.38 at 209.85, 1.79 off the high and 4.95
up from the low.

September Natural Gas finished up 0.11 at 4.83, 0.04 off the high and 0.15 up
from the low.

Technical Outlook
CRUDE OIL (SEP) 07/30/2010: The cross over and close above the 60-day moving
average indicates the longer-term trend has turned up. Stochastics turning bearish
at overbought levels will tend to support lower prices if support levels are
broken. The market's close above the 9-day moving average suggests the short-term
trend remains positive. A positive setup occurred with the close over the 1st
swing resistance. The next downside target is now at 75.54. The next area of
resistance is around 79.49 and 80.41, while 1st support hits today at 77.06 and
below there at 75.54.
RBOB GAS (SEP) 07/30/2010: The market now above the 60-day moving average suggests
the longer-term trend has turned up. Momentum studies trending lower at mid-range
could accelerate a price break if support levels are broken. A positive signal
for trend short-term was given on a close over the 9-bar moving average. Since
the close was above the 2nd swing resistance number, the market's posture is
bullish and could see more upside follow-through early in the session. The next
downside target is 202.32. The next area of resistance is around 213.22 and 215.80,
while 1st support hits today at 206.48 and below there at 202.32.
HEATING OIL (SEP) 07/30/2010: The market now above the 40-day moving average
suggests the longer-term trend has turned up. Momentum studies trending lower at
mid-range could accelerate a price break if support levels are broken. The cross
over and close above the 18-day moving average is an indication the intermediate-term
trend has turned positive. Since the close was above the 2nd swing resistance
number, the market's posture is bullish and could see more upside follow-through
early in the session. The next downside objective is now at 198.99. The next area
of resistance is around 210.10 and 212.72, while 1st support hits today at 203.24
and below there at 198.99.

***CORN MARKET RECAP - 7/29/2010
September Corn finished up 3 at 379 1/4, 6 1/4 off the high and 3 3/4 up from the
low. December Corn closed up 3 at 393 3/4. This was 3 3/4 up from the low and 5
3/4 off the high.

Technical Outlook
CORN (SEP) 07/30/2010: Stochastics trending lower at midrange will tend to reinforce
a move lower especially if support levels are taken out. The cross over and close
above the 18-day moving average is an indication the intermediate-term trend has
turned positive. With the close higher than the pivot swing number, the market
is in a slightly bullish posture. The next downside target is now at 370. The
next area of resistance is around 384 1/4 and 389 3/4, while 1st support hits
today at 374 1/4 and below there at 370.

***SOY COMPLEX RECAP - 7/29/2010
August Soybeans finished up 16 1/4 at 1026 3/4, 1 3/4 off the high and 15 1/4 up
from the low. November Soybeans closed up 10 at 988. This was 9 1/2 up from the
low and 2 1/4 off the high.

August Soybean Oil finished up 0.43 at 39.27, 0.06 off the high and 0.59 up from
the low.

August Soymeal closed up 3.7 at 305.4. This was 3.7 up from the low and 0.6 off
the high.

Technical Outlook
SOYBEANS (AUG) 07/30/2010: Stochastics turning bearish at overbought levels will
tend to support lower prices if support levels are broken. The market's short-term
trend is positive on the close above the 9-day moving average. The market has a
bullish tilt coming into today's trade with the close above the 2nd swing resistance.
The next downside objective is 1006 1/2. The market is approaching overbought
levels with an RSI over 70. The next area of resistance is around 1035 1/4 and
1040 1/4, while 1st support hits today at 1018 1/4 and below there at 1006
1/2.
SOYMEAL (AUG) 07/30/2010: Declining momentum studies in the neutral zone will
tend to reinforce lower price action. The close above the 9-day moving average
is a positive short-term indicator for trend. The market has a slightly positive
tilt with the close over the swing pivot. The next downside objective is now at
300.4. The next area of resistance is around 307.5 and 308.9, while 1st support
hits today at 303.3 and below there at 300.4.
SOYBEAN OIL (AUG) 07/30/2010: The daily stochastics have crossed over up which
is a bullish indication. Studies are showing positive momentum but are now in
overbought territory, so some caution is warranted. A positive signal for trend
short-term was given on a close over the 9-bar moving average. The market has a
bullish tilt coming into today's trade with the close above the 2nd swing resistance.
The near-term upside target is at 39.78. The next area of resistance is around
39.59 and 39.78, while 1st support hits today at 38.95 and below there at
38.49.

***WHEAT MARKET RECAP - 7/29/2010
September Wheat finished up 12 at 627 1/2, 4 1/2 off the high and 14 1/2 up from
the low. December Wheat closed up 12 1/2 at 659 1/2. This was 15 1/4 up from the
low and 5 off the high.

Technical Outlook
WHEAT (SEP) 07/30/2010: A bullish signal was given with an upside crossover of
the daily stochastics. Studies are showing positive momentum but are now in
overbought territory, so some caution is warranted. A positive signal for trend
short-term was given on a close over the 9-bar moving average. With the close
higher than the pivot swing number, the market is in a slightly bullish posture.
The near-term upside objective is at 644. The market is approaching overbought
levels with an RSI over 70. The next area of resistance is around 637 and 644,
while 1st support hits today at 618 and below there at 606.
KC WHEAT (SEP) 07/30/2010: The daily stochastics gave a bullish indicator with a
crossover up. Daily stochastics have risen into overbought territory which will
tend to support reversal action if it occurs. The market's close above the 9-day
moving average suggests the short-term trend remains positive. The market setup
is supportive for early gains with the close over the 1st swing resistance. The
near-term upside target is at 663 3/4. The market is becoming somewhat overbought
now that the RSI is over 70. The next area of resistance is around 656 1/2 and
663 3/4, while 1st support hits today at 636 and below there at 622 1/2.
MINN WHEAT (SEP) 07/30/2010: Momentum studies are trending higher but have entered
overbought levels. A positive signal for trend short-term was given on a close
over the 9-bar moving average. The market setup is supportive for early gains
with the close over the 1st swing resistance. The near-term upside objective is
at 677 1/4. The market is becoming somewhat overbought now that the RSI is over
70. The next area of resistance is around 669 1/4 and 677 1/4, while 1st support
hits today at 647 1/4 and below there at 633.

***LIVE CATTLE RECAP - 7/29/2010
August Live Cattle closed down 0.85 at 91.93. This was 0.10 up from the low and
1.30 off the high.

August Feeder Cattle finished down 0.80 at 113.72, 0.85 off the high and 0.22 up
from the low.

Technical Outlook
LIVE CATTLE (AUG) 07/30/2010: Momentum studies trending lower at mid-range could
accelerate a price break if support levels are broken. The market back below the
18-day moving average suggests the intermediate-term trend could be turning down.
A negative signal was given by the outside day down. The market's close below the
1st swing support number suggests a moderately negative setup for today. The next
downside objective is now at 90.813. The next area of resistance is around 92.600
and 93.612, while 1st support hits today at 91.200 and below there at 90.813.

***************************************************************************

Trade the Trend with the Relativity Trading Program

SO YOU'RE A TREND FOLLOWER. Is your program designed to play defense?

Defense wins championships. Does your program utilize multiple systems and multiple markets?

Offense wins games. Does your program use filters to minimize drawdowns?

Confidence keeps you in the game. Trade with the Relativity Trading Program. TIME-TESTED, DIVERSIFIED & SOLID.

Become a MVP - Get your COMPLIMENTARY Research Report & Video.

***************************************************************************

***LEAN HOGS RECAP - 7/29/2010
August Lean Hogs closed up 1.13 at 84.50. This was 1.02 up from the low and 0.42
off the high.

Technical Outlook
LEAN HOGS (AUG) 07/30/2010: Studies are showing positive momentum but are now in
overbought territory, so some caution is warranted. The market's short-term trend
is positive on the close above the 9-day moving average. A positive setup occurred
with the close over the 1st swing resistance. The near-term upside target is at
85.875. The next area of resistance is around 85.375 and 85.875, while 1st support
hits today at 83.925 and below there at 82.975.

***COCOA MARKET RECAP - 7/29/2010
September Cocoa finished up 36 at 3046, 18 off the high and 50 up from the low.

Technical Outlook
COCOA (SEP) 07/30/2010: Momentum studies are trending higher from mid-range, which
should support a move higher if resistance levels are penetrated. A positive
signal for trend short-term was given on a close over the 9-bar moving average. A
positive setup occurred with the close over the 1st swing resistance. The next
upside objective is 3106. The next area of resistance is around 3080 and 3106,
while 1st support hits today at 3012 and below there at 2970.

***COFFEE MARKET RECAP - 7/29/2010
September Coffee closed up 5.65 at 173.05. This was 6.60 up from the low and 1.55
off the high.

Technical Outlook
COFFEE (SEP) 07/30/2010: The moving average crossover up (9 above 18) indicates
a possible developing short-term uptrend. Studies are showing positive momentum
but are now in overbought territory, so some caution is warranted. The close above
the 9-day moving average is a positive short-term indicator for trend. Since the
close was above the 2nd swing resistance number, the market's posture is bullish
and could see more upside follow-through early in the session. The next upside
objective is 179.93. The next area of resistance is around 177.12 and 179.93,
while 1st support hits today at 168.98 and below there at 163.64.

***SUGAR MARKET RECAP - 7/29/2010
October Sugar closed up 0.63 at 19.50. This was 0.55 up from the low and 0.17 off
the high.

Technical Outlook
SUGAR (OCT) 07/30/2010: Daily stochastics have risen into overbought territory
which will tend to support reversal action if it occurs. The market's short-term
trend is positive on the close above the 9-day moving average. The market's close
above the 2nd swing resistance number is a bullish indication. The next upside
objective is 20.12. The market is becoming somewhat overbought now that the RSI
is over 70. The next area of resistance is around 19.86 and 20.12, while 1st
support hits today at 19.14 and below there at 18.69.

***COTTON MARKET RECAP - 7/29/2010
December Cotton finished up 0.60 at 76.91, 0.53 off the high and 0.66 up from the
low.

Technical Outlook
COTTON (DEC) 07/30/2010: The cross over and close above the 60-day moving average
indicates the longer-term trend has turned up. Rising stochastics at overbought
levels warrant some caution for bulls. The market's close above the 9-day moving
average suggests the short-term trend remains positive. The market setup is
supportive for early gains with the close over the 1st swing resistance. The next
upside objective is 78.06. The next area of resistance is around 77.50 and 78.06,
while 1st support hits today at 76.32 and below there at 75.69.

*****************************************************************************
Get Your 40-Page Guide to Futures & Spread Trading by Guy Bower

This comprehensive ebook, compliments of Guy Bower, is designed to help you
understand and master the fundamentals of futures spread trading.
Including over 40 pages and organized in a straightforward, easy to follow
format, your ebook will cover:

* The mechanics of futures trading
* Types of futures spreads
* Instructions on how to trade spreads
* An in-depth look at seasonality and its impact on the markets
* Multiple quizzes to test your understanding of the material and more!

Register now for immediate access to your spread trading guide.
*****************************************************************************

***This report includes information from sources believed to be reliable and accurate as of the date of this publication, but no independent verification has been made and we do not assure its accuracy or completeness. Opinions expressed are subject to change without notice. This report should not be construed as a request to engage in any transaction involving the purchase or sale of a futures contract and/or commodity option thereon. The risk of loss in trading futures contracts or commodity options can be substantial, and investors should carefully consider the inherent risks of such an investment in light of their financial condition. Any reproduction or retransmission of this report without the express written consent of Hartfield Management, Inc. is strictly prohibited.

This email was sent by: FutureSource.com
208 S. LaSalle St, Ste. 1610 Chicago, IL, 60604, USA

Go here to leave this mailing list or modify your email profile.

L.A. – The Weekend Guide

NewsletterTree.com Staff — Thu, 29 Jul 2010 09:33:00 +0000

July 29, 2010 | Los Angeles

The Weekend Guide
Los Angeles Events and Diversions

Jump on it.

COVET
Garland Collects
What: The last weekend to nab designer Nicole Mann Novick’s curated collection of vintage costume jewelry in person. She’s pounded the pavement locating pieces from the 19th and 20th centuries from the likes of YSL, Karl Lagerfeld, Stanley Hagler, and more.
Why: Miriam Haskell’s braided gold bracelet complete with a rhinestone-encrusted lion’s head.
When: Thurs.-Sun., 10 a.m.-7 p.m.
Where: Ron Robinson at Fred Segal, 8118 Melrose Ave., at Crescent Heights Blvd., Melrose (323-651-1800).

MAKE
Public Fruit Jam at LACMA
What: Take your own fruit and turn it into spreads at the collaborative workshop. If you don’t have any, don’t worry — sharing is caring.
Why: Finally, the chance to put your citrus where your mouth is.
When: Sun., noon-4 p.m.
Where: 5905 Wilshire Blvd., at S. Spaulding Ave., Beverly Hills (323-857-6000).

SPONSORED LISTING

INVITE
Swirl’s First-Ever Live Sample Sale Sponsored by vitaminwater zero
What: Swirl takes its beloved merch with huge discounts (up to 95 percent off) to the streets for its inaugural in-person sample sale.
Why: For an event like this, you need to be in peak condition. Luckily, there’s plenty of free vitamin water zero to keep you hydrated during your spree.
When: Fri., 9 a.m.-3 p.m.
Where: The Cooper Building, 860 S. Los Angeles St., ste. 213. No need to R.S.V.P. Just show up early to score the best merch.

KNOCK YOURSELF OUT
Local Lists
What: Create, save, and share custom itineraries of DailyCandy-approved spots in your city.
Why: Our editors got you started with lists of their favorite haunts in their favorite hoods.
When: You want to plan a perfect shopping day, send out-of-towners a must-do list, or bookmark new restaurants.
Where: Online at dailycandy.com .

SHOOT
Phototasting at Cube Cafe
What: Your blog just got an upgrade. Learn tips (elements of exposure, aperture, shutter speed) from experts at Rants and Craves and The Kitchy Kitchen on photographing what you eat.
Why: Through the lens and your stomach — black truffle pizza with mozzarella and fried egg, white nectarine shortcake with lemon verbena and fresh cream, and more.
When: Sat., 2-5 p.m.
Where: 615 N. La Brea Ave., b/t Clinton St. & Melrose Ave., Melrose (323-939-1148). Tickets ($50) online at brownpapertickets.com .

DRINK
The Falls Opens
What: A glamorously rustic, ’70s-themed bar from the owner of The Woods. Relax with your neighbors at golden burl tables while taking in the limestone columns and multiple chandeliers.
Why: Inventive cocktails like the Horseshoe (El Jimador tequila, agave, sage, lime, ginger beer) and the Derby (Buffalo Trace bourbon, fresh grapefruit, honey).
When: Opens Sat. Daily, 8 p.m.-2 a.m.
Where: 626 S. Spring St., b/t W. Sixth & Seventh Sts., Downtown (213-612-0072).

Photo: Courtesy of The Garland Collection


	Up to 65% off Red Carter Miami line Red Carter’s sexy bikinis and cutout one-pieces are made for swimming. Suit up sans nip-slip worries and minus the guilt while they’re up to 65% off on Swirl .

TOOLS SPONSORED BY:

Introducing the All-New Jaguar XJ.

Viva la Vida

Trade in your worn-in tote for a minimalist Italian leather one from Clare Vivier . We’re eyeing the khaki-green Tropezienne to take us into fall. It (along with the rest of the collection) is 25% off for the Deals crew.

July 26, 2010
Straight Shooter
Me & Arrow Totes and Handbags
Read Full Article

July 21, 2010
Teatotaler
A Tea Salon Opens in Marcelita l'Art et le The
Read Full Article

July 20, 2010
All Eyes on You
Cateye Vintage Spectacles Shop Opens
Read Full Article

***: Change your e-mail address |

© 2010 DailyCandy, Inc. All rights reserved. 584 Broadway Suite 201 New York, NY 10012
DailyCandy is strictly editorial. There is no pay for play.
Editorial Policy | Privacy Policy | Terms & Conditions | Artwork by Miss Capricho

Dallas – The Weekend Guide

NewsletterTree.com Staff — Thu, 29 Jul 2010 09:00:35 +0000

July 29, 2010 | Dallas

The Weekend Guide
Dallas Events and Diversions

Wheel and deal.

SHOP
The Gypsy Wagon
What: Score ridiculously cheap (its words, not ours), seasonal loot like blouses, breezy tops, and sundresses for $20 or less at the recently relocated shop’s former front yard, just down the street from its new digs.
Why: A lemonade stand will be stationed there on Saturday.
When: Fri. & Sat., 10 a.m.-6 p.m.
Where: 5211 Bonita Ave.

SNACK
Ain’t No Mo Butter Cakes
What: Dallas-made, delightful baby Bundt cakes ($4) come in sinful flavors, including signature butter, chocolate, lemon, and Soc-It-to-Me (cinnamon and pecans). Pair them with fresh Texas peaches for a truly local treat.
Why: Move over, cupcake.
When: Thurs.-Sun.
Where: The Dallas Farmers Market , 1010 S. Pearl Expy., shed 2.

SPONSORED LISTING

STOCK
Nordstrom Anniversary Sale
What: Stock up on new PUMA styles, like airy Sky flats and Imani slip-ons, with limited-time discounts.
Why: Jump-start your fall style before prices go back up.
When: Thru Aug. 2.
Where: Your nearest Nordstrom or online at nordstrom.com .

KNOCK YOURSELF OUT
Local Lists
What: Create, save, and share custom itineraries of DailyCandy-approved spots in your city.
Why: Our editors got you started with lists of their favorite haunts in their favorite hoods.
When: You want to plan a perfect shopping day, send out-of-towners a must-do list, or remember to check out new restaurants.
Where: Online at dailycandy.com .

TEST
VR Makeup & Medical Spa
What: The new beauty depot (offering everything from lash extensions and bikini waxes to massages and fillers) hosts a grand opening party with sips and bites.
Why: Body painting trumps Botox.
When: Sat., 1-5 p.m.
Where: The Mosaic Building , 300 N. Akard St., ste. 1616.

PLAY
LakeSide Market Summer Festival
What: Live art exhibits (graffiti painting, pottery making), a food tent packed with samples from center restos, and music from blues guitarist Matt Barron and Southern rock band Zachary Scott Pohl — all for free.
Why: Face painting and interactive music performances for kids at heart.
When: Sat., 11 a.m.-5 p.m.
Where: Preston Rd., at Spring Creek Pkwy., Plano.

Photo: Courtesy of The Gypsy Wagon


	Up to 65% off Red Carter Miami line Red Carter’s sexy bikinis and cutout one-pieces are made for swimming. Suit up sans nip-slip worries and minus the guilt while they’re up to 65% off on Swirl .

TOOLS SPONSORED BY:

Shop online at fashion.ebay.com.

New Starbucks Frappuccino® coffee drink Light
Your signature sip? The always cool, smooth, and stylin’ Starbucks Frappuccino® coffee drink , of course. Its low-fat, creamy blend of coffee and milk satisfies cravings while accessorizing any look. Make that sundress switch with the new Light version in mocha or vanilla deliciousness that’s only 100 calories. Indulge with a $1 off coupon online at frappuccino.com/expressyourlove .

Viva la Vida

July 26, 2010
4 Thai Jewelry Lines
Bangkok Smiths Online Accessories Shop
Read Full Article

July 21, 2010
Hemming and Hawing
Hem Gems Instant Denim Tailors
Read Full Article

July 19, 2010
Creature Comforts
Exclusive Dear Creatures Merch plus $20 Off at Swirl
Read Full Article

***: Change your e-mail address |

The Weekend Guide

NewsletterTree.com Staff — Thu, 29 Jul 2010 06:48:58 +0000

July 29, 2010 | Everywhere

The Weekend Guide
Online Finds, Fashion, and Fodder

Celebrate Jugust.

HOWL
Raised by Wolves and Furni Watches
What: Show appreciation for the ’80s with a totally digital watch ($28). It comes with Indiglo backlights, timers, melody alarms, and — wait for it — programmable phone books.
Why: Boxy looks sexy in sherbet green or yellow and goes well with this shirt .
Where: Online at furni.bigcartel.com . Want to win one? Tweet @dailycandy with your favorite fictional wolf; watches go to our fave five.

CARRY
Shabd + Baggu
What: Recycled cotton canvas totes and backpacks ($48-$58) made over in five cloudy colors by Brooklyn artist/tie-dyeing authority Shabd Simon-Alexander .
Why: Best leave the craft to experts and residents of Camp Anawanna cabin 7.
Where: Online at baggubag.com .

SPONSORED LISTING

WIN
Dove and Degree: Getaway Ready
What: Dove go fresh and Degree NatureEffects matching body mists and deodorants have your every escape, from countrysides to city centers, under control.
Why: Not only do they keep you refreshed, but their makers are giving you a chance to snag the ultimate getaway package.
When: Now.
Where: Enter to win (200 runners-up get a deodorant-and-mist set) at The Sweet Shop .

SAVOR
Delysia Chocolatier
What: Combine your vices. Wine (cabernet sauvignon, merlot) or coffee (mocha, cappuccino) swirled into velvety chocolate ($20 per box) counts for just one strike.
Why: The Austin-based company likes to keep chocolate weird.
Where: Online at delysia.com .

TWIRL
Lomography Spinner 360°
What: Make instant (well, as long as it takes to develop 35mm film) conceptual, panoramic art with the rotating camera on a stick ($145). Pull the cord and poof, hipstery photos.
Why: This must be what the world looks like to an owl. What a hoot.
Where: Online at lomography.com .

STORE
Krochet Kids International Laptop Case
What: Crocheted, cotton-lined protective sleeves ($50) are two good. First, they provide employment in Uganda; second, the deep red knit reminds us of fall (too soon?).
Why: Have a heart. Half of all proceeds goes to children’s education initiatives in Uganda.
Where: Online at krochetkids.org .

Photo: Courtesy of Furni


	Up to 65% off Red Carter Miami line Red Carter’s sexy bikinis and cutout one-pieces are made for swimming. Suit up sans nip-slip worries and minus the guilt while they’re up to 65% off on Swirl .

TOOLS SPONSORED BY:

Presented by the ZYNC℠ Card.

Inspired by the iconic Chinese bistro, the new line of P.F. Chang’s Home Menu™ frozen entrees for two has high-quality ingredients and vibrant, intense flavors. Created by the restaurant’s chefs, the savory, simple-prep dishes (Shanghai Style Beef, Sweet & Sour Chicken) ensure a delicious night in whenever you can’t make it out . For more information, visit pfchangshomemenu.com .

Viva la Vida

July 26, 2010
4 Thai Jewelry Lines
Bangkok Smiths Online Accessories Shop
Read Full Article

July 21, 2010
Hemming and Hawing
Hem Gems Instant Denim Tailors
Read Full Article

July 19, 2010
Creature Comforts
Exclusive Dear Creatures Merch plus $20 Off at Swirl
Read Full Article

***: Change your e-mail address |

the C2NN DAILY: News you choose!

NewsletterTree.com Staff — Sat, 24 Jul 2010 14:13:36 +0000

You subscribed to the Care2 News daily newsletter on Aug 28, 2009

| Manage |

you have butterfly credits

	News, video, and more noted by members like you!

Pinoy Savants Developing Flood-Tolerant Rice

posted by: Anna S 2 minutes ago

7 comments

Frog Disease Wiping Out Undiscovered Species

posted by: Karenbee B 3 hours ago

16 comments

A Tree Grows in Haiti

posted by: Cal M 4 hours ago

9 comments

more environmental news

Somalia: Conflict Will Spread Unless International Community Acts - U.S. Policymaker

posted by: Cal M 7 hours ago

4 comments

Oil Company That 'Poisoned 100,000 With Toxic Waste' Is Fined £830,000

posted by: Nancy B 8 hours ago

13 comments

Oil Spill in China Worsens

posted by: Sophie S 20 hours ago

23 comments

more world news

Hiking To Preserve Johnny Appleseed's Legacy

posted by: AmericanForests O 47 minutes ago

2 comments

Say Goodbye to High Fructose Corn Syrup and Creepy Preservatives

posted by: Kathy B 1 hour ago

4 comments

Quinoa

posted by: Julie C 3 hours ago

8 comments

more green lifestyle

The 7 Things That Killed the Climate Bill

posted by: Katie M 5 hours ago

15 comments

The Tea Party's March Madness

posted by: Cal M 6 hours ago

19 comments

Checks Are Coming: Obama Signs Unemployment Bill

posted by: Nancy B 10 hours ago

9 comments

more political news

BP Hires Prison Labor to Clean Up Spill While Coastal Residents Struggle

posted by: Dwayne H 1 hour ago

1 comments

Feinberg Says Bonuses Paid By Troubled Banks Were Unmerited - NYTimes.Com

posted by: Stephen H 9 hours ago

add a comment

BP Oil Spill: Company Accused of 'Buying Academic Silence' in New Legal Row

posted by: Cal M 11 hours ago

12 comments

more business news

China's Leaders Harness Folk Religion for Their Aims

posted by: Cal M 1 hour ago

9 comments

Britain Is the European Capital of Broken Homes as Worst Teenage Pregnancy and Single-Parent Household Rates Revealed

posted by: Nancy B 4 hours ago

8 comments

Tribal Law and Order Act to Become Law at Cost to Tribes

posted by: Cal M 11 hours ago

8 comments

more society and culture

Paralyzed Therapy Cat Inspires Patients

posted by: Maria O 12 minutes ago

10 comments

Help Stop the Trade in Giant Snakes - Take Action!

posted by: Julie P 12 minutes ago

7 comments

Starved and Abandoned Yearling Faces Brighter Future

posted by: Maria O 37 minutes ago

11 comments

more animals

Bone 'Turnover' Link to Diabetes

posted by: Sophie S 2 hours ago

10 comments

Could Diabetes Be in Your Bones? Link Between Metabolic Disease, Bone Mass; Breakdown of Bone Keeps Blood Sugar in Check

posted by: Kristena W 12 hours ago

5 comments

Condemned to An Early Death: Tories Accused of Stalling on Election Pledge to Lift Block on Life-Prolonging Cancer Drugs

posted by: Nancy B 18 hours ago

4 comments

more health and wellness

We Have Contact: Rock Art Records Early Visitors

posted by: Marty P 22 minutes ago

2 comments

Underwater Archaeology: Divers Find Sunken Ship Off Bulgaria’s Black Sea Coast

posted by: Marty P 27 minutes ago

1 comments

Archaeological Tombs Dating Back to Bronze Age Discovered In Northern Syria

posted by: Marty P 1 hour ago

1 comments

more science and tech news

And the Most Popular Password Is...

posted by: Locan S 17 minutes ago

2 comments

U.S. Bear Toots Horn, Takes Car on Short Joyride

posted by: Naoko I 1 hour ago

5 comments

BBC News - Coventry Taxidermist Admits Importing Rare Animal Parts

posted by: mick c 9 hours ago

1 comments

more offbeat news

We hate SPAM too. To stop receiving this alert, you can .

To stop receiving this newsletter, visit:
http://www.care2.com/newsletters/unsub/86/0/39349404/b5b553d0

or send a blank email message to:
***

Care2.com, Inc.
275 Shoreline Drive, Suite 300
Redwood City, CA 94065
http://www.care2.com

The Daily Booyah! Tools of the Trade

NewsletterTree.com Staff — Fri, 23 Jul 2010 18:23:06 +0000

TheStreet

Booyah! Newsletter

Cramer's 'Mad Money' Recap: Tools of the Trade

Stocks Extend Rally on Earnings, Euro Bank Tests

7/23/2010 7:19 AM EDT

BancorpSouth Sinks After Surprise Loss

7/23/2010 2:42 PM EDT

White House Sees Record Deficit

7/23/2010 3:13 PM EDT

Free Communication from TheStreet: Daily Booyah | Before the Bell | ETF Daily | Special Offers

Chipotle Leading the Pack

Shares of Chipotle Mexican Grill heated up Thursday after the burrito chain posted stellar quarterly financials late Wednesday that beat expectations and outpaced its fast- casual restaurant peers.

7/23/2010 1:32 PM EDT

Droid X Boost Sends Verizon Shares Up

Hot on the heels of solid results from AT&T, rival telco Verizon has also confounded the doom-mongers, thanks to the company's expanding array of Droid phones.

7/23/2010 1:10 PM EDT

Sanofi Eyes Genzyme Buy: Reports

French drug maker Sanofi-Aventis has reportedly approached Genzyme about a potential acquisition of the biotech firm, according to media reports.

7/23/2010 1:46 PM EDT

Cramer: Circle Back to Intel

Intel is a dominant player and a cash flow machine.

7/23/2010 1:57 PM EDT

GE Ups Dividend, Resumes Buyback

General Electric shares rose Friday after the Dow component announced a 20% increase in its quarterly dividend and the resumption of its stock buyback.

7/23/2010 1:00 PM EDT

Morgan Stanley Looks Like FinReg Winner: Analysts

MorningStar analysts Michael Wong and Jamie Peters weigh in on how finacial reform will impact bank profits, saying Morgan Stanley looks well-positioned.

7/23/2010 11:22 AM EDT

Orient Paper Rally a Short Squeeze?

Orient Paper shares surged Friday despite another bearish research note released by Muddy Waters Research, a firm that has a short position in the Chinese paper company's shares.

7/23/2010 12:39 PM EDT

Biotech Stock Mailbag: Ziopharm

Biotech columnist Adam Feuerstein answers readers' questions about drug and health care-related firms.

7/21/2010 9:23 PM EDT

India Unveils $35 Computer

A $35 computer has been introduced in India that will run on the Linux operating system.

7/23/2010 12:41 PM EDT

McGraw-Hill Lowers Expectations

The McGraw-Hill Companies saw earnings rise during the second quarter but was forced to lower expectations due to volatility in key markets.

7/23/2010 9:31 AM EDT

Europe Waited Too Long

As the results of Europe's bank stress tests trickled out on Friday -- indicating that just seven banks weren't up to snuff and would require only ?3.5 billion in new funds - - the real question became whether investors can trust the government.

7/23/2010 11:58 AM EDT

Humbled Hedge Funds Bow to Investor Wishes

Scrambling to attract investors, once-imperial funds are lowering fees and offering easier terms.

7/20/2010 2:44 PM EDT

Why US Airways Needs a Merger

Airlines are defined by their hubs Here's why that is a problem for US Airways.

7/16/2010 3:42 PM EDT

Honeywell Ups Profit, Sales Guidance

On strong first-half performance, Honeywell raised its full-year guidance to sales of $32.4 billion to $32.9 billion and earnings in the range of $2.40 to $2.50 a share on a reported basis, and $3.14 to $3.24 a share, excluding a non-cash pension expense.

7/23/2010 7:28 AM EDT

The Five Dumbest Things on Wall Street: July 23

RadioShack smackdown; McDonald's smoothie misfire; Icahn's ire; Jobs vs James; Obama's guest list.

7/22/2010 4:00 PM EDT

Loan Options for the Credit-Score Challenged

A terrible credit score may not preclude you from a car loan, small-business loan or mortgage.

7/21/2010 5:46 PM EDT

Miss America’s Outstanding Teen Weekly Update July 23, 2010

NewsletterTree.com Staff — Fri, 23 Jul 2010 11:05:41 +0000

Having trouble viewing this email? Click here

In This Issue

MAOTeen News

MAOTeen Press Room

MAOTeen Competition Information

MAOTeen Titleholders Present & Past

Sponsorships Available

Would you like to sponsor a contestants dinner or on-stage event/ Contact *** for details.

Tickets On Sale Now!

Reserve your seat today for the preliminaries and final night of competition to get the best seats in the Chapin Theater, Please click on the ticketmaster icon below.

MAOTeen Trade Show

Hurry only 2 spaces left at the Trade Show!! To find out how you can be part of the MAOTeen Trade Show, please email ***

Space is filling up fast!

Tickets To MAOTeen Events!

For tickets to all the MAOTeen Events...the Welcome Party, Medieval Times, Evening of Stars Extravaganza and the Awards Ceremony and After-Party. Please click on MAOTeen Events

MAOTEEN SALE

Beach Towels now on sale for just $15! Go to www.MAOTeenStore.com for this and more!

MAOTeen News

Miss America's Outstanding Teen Organization Announces Auburn University Scholarship Opportunity

Miss America's Outstanding Teen Organization and Auburn University are pleased to announce severalscholarship opportunities for the 2010 MAOTeen contestants. Auburn will be offering a four year renewable tuition scholarship to Miss Alabama's Outstanding Teen, Miss America's Outstanding Teen 2011 and the Scholastic Excellence Award Winner along with scholarships to qualifying contestants.

The contestants are required to have a minimum of 30 on her ACT composite score or 1330 SAT total score (math and verbal only) and have a minimum of 3.5 high school GPA. All awards include full tuition payment.

The recipients of these awards will be selected by Auburn University and will be announced at the Awards Ceremony and After Party on Saturday, August 29, 2010 immediately following the competition.

For more information regarding Auburn University please click on the link: http://www.auburn.edu/

For tickets to the Awards Ceremony and After Party please click on Miss America's Outstanding Teen's Events

MAOTeen Press Room

Miss America's Outstanding Teen 2010 Jeanette Morelan Talks With Valerie Hayes of Pageant Talk Radio on July 27th

As Miss America's Outstanding Teen 2010 Jeanette Morelan prepares to pass the crown on to Miss America's Outstanding Teen 2011. She takes time out of her busy schedule to talk about her fabulous year of service with Pageant Talk Radio host Valerie Hayes.

Tune in Tuesday, July 27th at 11 AM Central time (Noon to 1:00 PM Eastern/10:00 - 11:00 AM Mountain/9:00 - 10:00 AM Pacific) to Pageant Talk Radio to listen live to Jeanette's interview. To listen live they can just go to www.PageantTalkRadio.com and click on the red Click to Listen Live button in the right corner of the page.

"I'm extremely excited that Jeanette will be taking time out from her busy appearance schedule to pay us a visit on Pageant Talk Radio! Jeanette and the Miss America's Outstanding Teen staff have spent a full year working hard to inspire and encourage teens around the country in their own community volunteerism and academic achievement," said Valerie Hayes, radio host and pageant coach. "There is no greater role model for teens and we're looking forward to featuring Jeanette on the show."

Pageant Talk Radio is an hour of exciting conversation that will inform and inspire contestants as they prepare for their next pageant.

If you miss Jeanette's live interview, don't worry the audio file from the broadcast can be heard by clicking on the show's summary, featuring a photo of Jeanette, towards the middle/bottom of the page. Typically the file is posted by 3 PM Central time on the day of the show.

Miss America's Outstanding Teen 2010 Jeanette Morelan's Destination Photo Shoot with Deb Knoske

Make-up artist Jane Engelke, Jeanette, stylist Kristin Black and production assistant Veronika Ohlinger.

The Postcard Inn in St. Pete, Florida was the perfect destination for the Miss America's Outstanding Teen 2010 Jeanette Morelan's recent photo shoot with photographer Deb Knoske. Deb, a renowned photographer in the industry, has 25 years of experience working with individuals to capture their every emotion in thoughtful, playful, dramatic photos.

Knoske, MAOTeen Headshot Photographer, was tapped to capture Jeanette's personality for the MAOTeen 2010 Program Book. With the help of make-up artist Jane Engelke, stylist Kristin Black, a wardrobe donated by Tony Bowls and Deb's creative eye, Deb was able to capture Jeanette's fresh, natural beauty with a little bit a glam.

"I love to shoot fresh, modern photography that's edgy and fun and I wanted to bring this contemporary approach to the Competition Magazine cover," said Deb Knoske, photographer. "Jeanette brought that extra spark needed to take it over the top."

The photos taken will be featured on the cover of this year's Miss America's Outstanding Teen Program Book and will be included in a beautiful spread inside the program. Jeanette had a wonderful time with the ladies getting ready, playing at the beach and shooting at various locations throughout the Inn. So much fun, she said, it hardly felt like work.

"One of the dresses (not telling which one!) was part cocktail dress and part shower curtain!" said Jeanette. "I'm so excited to hear people say "wow, that's a beautiful ball gown," not knowing our little secret."

For more information about Deb Knoske, please click on: http://www.debknoskephotography.com/

For tickets to the pageant go to Tickemaster and for tickets to the events click: Miss America's Outstanding Teen Events

MAOTeen Competition Information

Miss America's Outstanding Teen Congratulates New State Winners!

Miss America's Outstanding Teen Organization is pleased to announce some our new state winners. We look forward to seeing all of you in Orlando, August 21 - 28. Wishing you all the best!

Katy Lootens, Idaho
Rakiyah Johnson, Oregon

Tickets to the week's events?...from preliminaries to the final night, and the celebrations, in between please click on Miss America's Outstanding Teen Events

For more information regarding Miss America's Outstanding Teen Organization please click www.maoteen.org

MAOTeen Titleholders Present & Past

Miss California to perform at MAOTeen!

Miss America's Outstanding Teen is proud to announce Miss California, Arianna Afsar will be performing at the MAOTeen Competition in Orlando during the Tuesday night preliminary show. Arianna was one of the first contestants to grace the MAOTeen stage in 2005 as Miss California's Outstanding Teen and placed first runner up!

Since then, Arianna has added the pretigious title of American Idol alum to her resume, competing in Season 8. Arianna was 16 when she tried out for American Idol , making it through to the top 36.

Arianna is currently a freshman at UCLA and will be competing in January at the Miss America pageant.

To purchase tickets to the Tuesday night show, go to www.ticketmaster.com .

For more information about the Miss America Organization and pageant in January, click on Miss America

About MAOTeen

Miss America's Outstanding Teen is a scholarship-based program offering accomplished teens the opportunity to be awarded funds for college. The program promotes scholastic achievement, creative accomplishment, healthy living and community involvement for America's teens. In the past five years, the organization has made available more than $3 million in college scholarships.

For more information, please visit Miss America's Outstanding Teen

Miss America's Outstanding Teen, Inc.
13911 West Hillsborough Avenue
Suite 168

Tampa, Florida 33635

$5 MAOTeen T-shirts & $15 MAOTeen Blankets on SALE now! To view these items and more check out our Miss America's Outstanding Teen Store. Click on the link and shop away MAOTeen Store

Forward email

This email was sent to *** by *** .

Update Profile/Email Address | Instant removal with ™ | Privacy Policy .

Miss America's Outstanding Teen, Inc. | 13911 West Hillsborough Avenue | Suite 168 Tampa | FL | 33635

Fast Break: Summer Time Fun In The Hard Asset Class!

NewsletterTree.com Staff — Fri, 23 Jul 2010 09:04:04 +0000

To view this email as a web page, go here.

Remember to whitelist us so you receive your Fast Break newsletters.

Fast Break Archives | FutureSource.com | Contact Us

Trader's Tip

Short commodities & be prepared for more deflation!

- Drew Rathgeber

Quotes & Charts

Quote Search:

Market Specific Links:

Indices/Minis
Grains
Currencies/Forex
Financials
Food/Fiber/Softs
Metals
Energy
Meats

TradeCenter
Strategies:
Get the Edge!

July 23, 2010

Special Message from Our Author

Your Education Starts Here!

Learn how to trade stock index futures with Trade Center's COMPLIMENTARY, easy-to-follow information package and tutorials. Futures trading can be complex. These tutorials are meant to enlighten and empower you to make informed decisions. Sign up now and also receive the 106 page Stock Index Futures guide from the Chicago Mercantile Exchange .

Today's Featured Article

Summer Time Fun In The Hard Asset Class!
By Drew Rathgeber

Forward to a Friend
About the Author

Welcome to the doldrums of summer trading! This being my seventh year trading commodities I've noticed a trend that seems to happen in my opinion every August through September. The commodities sector gets deflated in a big way. What does this mean? I believe commodity prices will probably eventually fall. We have been in a deflationary environment for the last 3 months according to the CPI (Apr. -0.1%, May. -0.2% Jun. -0.1%) and this is the governments' worse fear! They don't have the tools in their arsenal to control this. It's like Japan 20 years ago, all over again. Based on history it's a very long road to recovery from economic environments like this.

The banks, who got us here in the first place with their exotic loans, are now hoarding your hard earned cash and not giving any loans, unless you have 30%-50% down. This may seem idiotic, because now is the time we need money flowing for any type of recovery. Ironic that it's the taxpayers' money that bailed them out, now they won't lend to the very same people. On another note we have become a country of sub-prime borrowers, which further hurts the credit situation. So as long as this credit funnel is turned off, we will see a continued decline in prices. I'm hoping in the next 3 months this deflationary period will stop, and we kick into the evitable inflationary period.

A Word from a Fast Break Sponsor
Advertise With Us

Live Trade Signals - 30-Day Trial

The Systematic Swing Trader program is a one of a kind trading system that provides traders with an optimal trading program that works in all market conditions. The Systematic Swing Trader program gives you the ability to choose from 22 different markets, a variety of parameters, and build a custom portfolio, using any combination, to fit your trading needs and account size. The SST will identify entry points, targets, protective stops and trailing stop adjustments for you! Learn more with a 30-day live, risk-free trial!

Yet, I speak to so many about their inflation fears, and how this is a bad thing. In my opinion we need inflation right now; the government can at least control this with interest's rate hikes. If we have inflation, this means money is flowing and the consumer is able to get loans again. This will be a true sign the economy is in recovery mode.

The negative with inflation is that your purchasing power with today's dollar will decline in the future. This too will hurt many Americans if they are not prepared. In my opinion, investing in commodities or learning about them can truly help protect you. Further, I would suggest looking at using gold. I believe it's the best hedge against inflation.

I just read a report that the current administration has spent $3.7 trillion dollars. Even though this money hasn't really hit Main Street or helped the everyday person, it should eventually. Then, you can probably expect some type of hyperinflation and a reversal in the administrations Fed Rate policies. Be prepared for much higher commodity prices in the coming years. However, remember this isn't necessarily a bad thing either. It will pinch the middle class a bit, but now we have some type of recovery taking a place. Better than being in a deflationary period as job losses rise.

A Word from a Fast Break Sponsor
Advertise With Us

Stay informed and up to date!

Delivered Monday, Tuesday, and Thursday, the G-FORCE MARKET REPORT analyzes over 20 commodities and financial futures markets. Receive trade recommendations from our experts on futures, options, and spreads; detailed charts depicting forecasted market movement; and access to our proprietary research online. Sign up for your 60-day Complimentary trial of the G-FORCE MARKET REPORT today!

Furthermore, I fully expect a political swing to take place coming during this November's elections. Especially since a Gallup poll released today shows confidence in congress at historic lows -- 11%. This election will definitely help boost the confidence of Americans and change the horrible morale we haven't experienced since the great depression.

So, my trade recommendation for the summer would be to sell out-of-the-money calls, or short traditional gold contracts. Be prepared for some volatility along the way and plan for an August slump. Or, you can use something like a 15 & 40 exponential moving average cross, which you can see just crossed to the downside on the daily charts. Further indicating a weakness in the gold markets.

On another note, I just discovered that spot/physical gold coins are going to be taxed by the federal government. I believe that this is a good reason you would want to stick with trading futures gold contracts, which is an alternative to physical coins, mining stocks. Gold futures are trading on a regulated exchange, and with any decent trading software you get true transparency of actual price discovery.

Futures trading involves substantial risk and is not suitable for all investors.

About the Author

Drew Rathgeber began his career at one of the country's largest gold and silver dealers and has since transitioned into futures dealing with similar commodity products. Drew is a senior trader at Trade Center, LLC; holds a Series 3 commodity license & registered with the Commodity Futures Trading Commission (C.F.T.C) and is a Member of the National Futures Association. With his training and experience, he created a trading philosophy, known as the "Rath" overlay, a tool designated to help the everyday trader.

Special Message from Our Author

a FutureSource newsletter

If you are having trouble viewing this email, go here .

Disclaimer : The Commodity Futures Trading Commission has asked us to also advise you that trading futures is not without risk. While there is opportunity for incredible wealth building, there is also the risk of losing even more than you invested. Of course, that's not unlike most other businesses. But informed traders are the best traders! Opinions expressed by Fast Break authors are not those of FutureSource.

About Your Subscription : You are receiving Fast Break because you have expressed an interest in the futures markets. However, if you are no longer interested in the markets and don't want to receive this complimentary service from FutureSource, we respect that! Just use the "Unsubscribe" link below to leave our service.

This email was sent to: ***

This email was sent by: FutureSource.com
208 S. LaSalle St, Ste. 1610 Chicago, IL 60604 USA

We respect your right to privacy - view our policy

| Update Profile |

Golden Shell Games

NewsletterTree.com Staff — Thu, 22 Jul 2010 16:23:35 +0000

The Daily Reckoning U.S. Edition

Home . Archives .

The Daily Reckoning | Thursday, July 22, 2010

The Whiskey Bar Panel divulge their Trades of the Decade,
Conspiracies and forecasts for Mother Nature's money,
Plus, Bill Bonner on the malleable spines of world leaders...

-------------------------------------------------------

The Power of the AF Investment Symposium...

..from the comfort of your own home.

The recordings of the main session presentations are as good as being here...but without the hours and hours of travel time.

PLUS - you get the convenience of listening in to all the ideas, the recommendations, EVERYTHING.

Whenever you want. Wherever you want. For good.

The Symposium is a power-packed, seemingly short 4 days... But the audio set will last you forever.

Don't miss this chance to lock in your own complete audio set at a 40% reduced rate. Click here to order .

The Long and Short of Informed Investment Decisions

A few more suggestions for the Trade of the (New) Decade

Joel Bowman

Checking in from Vancouver, Canada...

"What is your favorite government agency, and why?"

"What are the two largest holdings in your own personal wealth?"

"What is your trade of the new decade [best long and short idea for the next ten years]?"

"Where will the Dow and gold be a year from now...and what is your favorite chilled beverage?"

The questions came on thick and fast at last night's "rough and tumble" Whiskey Bar Debate here in Vancouver. If you've attended our little shindig before, you'll know what it's all about. If you haven't yet partaken in the feistiest chapter of our annual symposium, we basically get our most outspoken, controversial contrarians liquored-up and hit them with a slew of attendee-penned questions.

Here's a taste of what went down when the Trade of the (New) Decade question popped up, as relayed by our mates over at The 5-Minute Forecast :

John Mauldin - Buy emerging markets, sell sovereign debt...but not now. Treasuries are going to go lower in the short term
Andrew Lowenthal - John is 100% right: Rolling over US debt is going to be so much easier than what people think...it's too early to short Treasuries
Eric Kraus - Buy resource producers in places where people are afraid to invest. Short finance sectors of developed countries
Barry Ritholtz - Short the euro, long stocks in 2016, when the next bull market begins
Byron King - Sell the euro: It's doomed, just a question of time. Buy crude oil. There's just not enough of it. I'm long the Tea Party, too
Doug Casey - I'm inclined to own a lot of gold, cattle and agricultural land...keep it simple. I would short the euro, yen and US stock market
Gary Gibson - I own nothing. If I had anything, I would have dollars now, uranium later. Buy energy.
Eric Fry - Short euro, long uranium
Porter Stansberry - There are just too many good shorts. Short Treasuries, especially in US and Italy. Buy gold, silver, timber and super-high-quality blue chips when they yield 10% or more
Chris Mayer - Short the state of California and Illinois. Long uranium and high-quality farmland.

[For extensive coverage of this year's investment symposium, including the specific stock tips and sold out presentations, you can't go wrong with the CD/MP3 recordings. They're available at a discount this week, while the event is still in full swing, but that ends when the conference does. Details Here .]

The gold/Dow/chilled beverage question also yielded some colorful responses from the panel: Gold at $1,800 per ounce...Dow down 20%...Mojitos...

Not a member of the distinguished panel, your humble editor didn't throw in his 2 cents last night, so we'll do so now. But instead of measuring the index in points and the metal in dollars, we'll do away with floating abstractions and simply measure the index in metal.

Historically, the peak of a gold bull market/stock bear market occurs when you can pick up the 30 bluest stocks for about one, maybe two, ounces of gold. The Dow/Gold ratio, at that point in time, is said to be around 1:1 to 2:1. During the furor of tech. mania in the late '90s, early '00s, when the Midas metal was scoffed at in polite company, that ratio reached 45:1. In other words, it would take you 2.8 POUNDS of Mother Nature's money to buy the Dow.

During the past decade, as stocks stagnated and gold rallied fourfold, that ratio has slipped dramatically. Today, it takes about 8.6 ounces of gold to buy the Dow. Our bet, for what it's worth, is that this trend continues for a while yet. Next year, we're probably looking at a Dow/Gold ratio of about 6:1...and not because the Dow goes to 60,000.

Oh yes, and we'll take a caipirinha.

Addison Wiggin has more on how to invest in - and avoid losing - your own gold in today's essay. Details below...

From Hulbert's #1 Ranked Advisory Letter Over a Five-Year Period...

Even if Gold hits $2,000 by the end of this year...here's a hidden way you can get in for less than one cent per ounce

Over the next two years, you'll witness the greatest surge in gold prices in market history - at least 119% above where gold sits today, as I write this .

But even better, I've just discovered a way for you to sneak into the soaring gold market for next to nothing, with what I call "penny-per- ounce" gold.

That is, doing this is a "backdoor" way to own as much of a position in gold as you like... for the equivalent of paying a single cent per ounce .

The Daily Reckoning Presents

Golden Shell Games

AddisonWiggin

That's right, gold. You know, the ultimate money. Or Gold: The Once and Future Money , as our friend Nathan Lewis titled his 2007 book, for which we were privileged to write the foreword.

Hey, Wall Street can take a $250 million sewer project in Alabama and turn it into an insurmountable debt 20 times as big. So it can find a way to pervert the Midas metal, too. And the evidence is piling up: You don't have to be partial to conspiracy theories about the "manipulation" of gold to conclude something just doesn't look right.

That means you need to be very careful about how you hold any gold outside your physical possession - especially in a retirement account.

Of course, it's always important to ask oneself, how much is there to these conspiracy theories, really? Well, ever since the publication of his book, Lewis has been scrutinizing them. And this year, they've reached a fever pitch.

Did you hear about the 400-ounce gold bars filled with tungsten? (Tungsten's weight is nearly identical to gold, so the deception is simple if the bar isn't properly assayed)

Or the one about the London metals trader turned whistle-blower who alleged JP Morgan Chase is suppressing the silver price? And how he was injured in a mysterious hit-and-run? (His injuries were minor)

Or how the head of the Gold Anti-Trust Action Committee testified about gold manipulation before the Commodity Futures Tradition Commission and the camera conveniently malfunctioned?

You could go very far down the rabbit hole trying to separate fact from fiction with these kind of stories. And you'd be wasting your time.

Marc Faber, editor of The Gloom Boom & Doom Report stated it well in April, so well we quoted it in The 5 Min. Forecast : "If you have manipulation to keep the price down, it eventually goes ballistic. So all the people that are bitching about the manipulation of silver and gold should be happy that it is manipulated, because it still gives them an opportunity to buy it at a depressed price."

Exactly. Manipulation stories are a source of entertainment, outrage or both. They underscore the perils of the Wall Street Fandango. But their truth or falsehood makes little difference if you hold gold in your physical possession. Or in an allocated account (the gold has your name on it) in an independent, insured depository. Or if you use a reputable electronic gold purveyor. (We like GoldMoney.com and BullionVault.com.)

But it makes a lot of difference if you hold "paper gold" in the form of an exchange-traded fund. Many people buy vehicles like GLD and IAU with the comforting illusion that what they're buying is "good as gold." And it's an incredibly convenient way to get metals exposure in a retirement account.

Which brings us to the revelations of Janet Tavakoli.

Tavakoli is not a gold bug. She's an expert in structured finance and credit derivatives who runs her own consulting firm in Chicago. Recently, she published a client report that took the format of "advice" she would give to Wall Street sharpies trying to corner the gold market. Not that they'd ever try that, of course.

Pump up the gold story. Get your friends to tell retail investors to buy some gold every month. Get your buddies in the financial business to offer exchange-traded gold funds (ETFs) that claim to buy physical gold. This will sound safe to retail investors, but in fact, the ETFs are very risky. This will serve your purpose when you are ready to start a panic. These particular ETFs will allow the "gold" to be commingled with the custodian's gold, and the custodian can lease out the gold.

Moreover, the "gold" custodian can give it to a subcustodian that the manager doesn't know. The subcustodian can give it to yet another subcustodian unknown to the original custodian. The manager will never audit the gold, and the gold is not "allocated" to a particular investor. Since this is an "exchange traded" gold fund, investors will probably assume the gold is regulated by the Commodities Futures Trading Commission (CFTC), but it isn't. By the time investors wake up to the probability that there is very little actual gold backing their investment, your plan will be ready to execute.

The "plan" involves buying huge futures contracts and expecting physical delivery. If this sounds familiar, it's pretty much what the Hunt brothers did when they tried to corner the silver market in 1980. Silver shot up to $50, however briefly. It's never seen that territory again.

But the consequences this time around would be far more serious. It could collapse banks holding huge short positions in the futures market, accustomed to settling contracts cash only. More to our point, it would crater the ETFs: Their complex network of custodians and subcustodians would be laid bare. ETF investors would realize they have a claim on the same chunk of gold as, say, Goldman Sachs. But Goldman would have the actual metal. The ETF investor would have to settle for pennies on the dollar.

Far-fetched? Maybe. Just remember that ETFs are ultimately, like a complicated mortgage derivative, subject to counterparty risk. If the day comes when trust evaporates from the system, value will evaporate from the ETFs. If you want to play gold's short-term ups and downs, the ETFs are an ideal instrument. Otherwise, stay away.

Addison Wiggin, for The Daily Reckoning

Joel's Note: In the latest issue of Addison's Apogee Advisory , Mr. Wiggin makes the case for a couple of metals plays you can buy from your existing retirement account with just a few clicks of a mouse...both without the "shenanigans that undermine the ETFs."

"Both [closed-end funds] hail from north of the border," Addison writes. One old and one new, "both are rock solid." The second, we noticed, also gives investors significant exposure to the upside potential of silver.

Addison is still offering the "beta-test" deal on his latest research service. If you haven't already given it a look over, you may wish to do so here .

Watch the Presentation: Secret $200 Retirement Blueprint

Last year $200 could have turned into $10.1 million following 5 simple steps revealed in this secretive retirement blueprint.

It's happened before, but could it happen again and could it happen to you?

Click here to watch the presentation now. (Turn your speakers on)

Bill Bonner

Public Debt Replaces Private Debt in the Name of Progress

Bill Bonner

Reckoning from Vancouver, Canada...

The Dow fell 109 points yesterday. Gold was flat. Otherwise, all quiet on the financial front.

We're keeping these reckonings short this week. Your editor is attending a financial conference in Vancouver. He doesn't want to miss anything.

What have we learned so far?

Both Rob Parenteau and John Mauldin mentioned the danger of fiscal retrenchment. Tightening seems like the right thing to do. It IS the right thing to do. But it results in bigger deficits.

How could that be?

"It sets in motion a vicious cycle," said Rob. The private sector is already correcting. If the public sector tries to correct its debt at the same time it puts even more pressure on households and companies. Their income goes down (less government spending). And their taxes go up. So they cut back. Jobs are lost. So tax revenues fall. So the government's deficit increases and it must cut even more.

"That's what is happening in Ireland. Ireland has done everything right. It cut spending just as it said it would. But the picture has deteriorated, not improved."

What's the solution? There is no solution. But both Rob and John implied that perhaps the government should wait for an upturn in the private sector before it begins cutting in earnest.

Here at The Daily Reckoning , we wouldn't worry about it. First, we don't think governments really are cutting in earnest. We think they're just flirting with the idea. When the time comes to go upstairs, our guess is they'll have to leave the party rather than get serious. Already, Hungary announced that it was fed up with austerity. When push comes to shove, will other nations stick it out? Probably not many.

Second, the real problem is still too much debt. It needs to be destroyed. The sooner, the better. Nobody ever said it would fun. But it's better to get it over with.

That's why a hands-off approach would have been much better in the beginning. After Lehman went down, the whole street was ready to fall. Households, businesses, banks - trillions in debt might have been wiped out overnight; we'll never know.

Instead, we're headed for Tokyo where they've had bailouts, boondoggles and counter-cyclical fiscal stimulus for 20 years. And for what?

"It would have been worse had the Japanese authorities not acted," say the neo-Keynesians.

How they know that is a mystery to us. As it turned out, Japanese investors lost nominal wealth equal to three entire years' GDP. And the economy today hasn't grown in 17 years or created a single new job.

Nor has the debt been reduced. Instead of permitting the private sector to destroy and pay off its debt, the public sector fought against it...borrowing heavily to try to bring about a recovery. Result: no recovery...and almost exactly the same amount of debt. But while the private sector paid off its debt, the public sector picked up the borrowing. Now it's the government that owes money all over town.

Is that progress, or what?

Meanwhile, 'double dip' sightings are becoming more frequent. Here, The New York Times brings joyless tidings from the housing industry:

Construction starts on residential buildings declined in June to the lowest level since October, the government reported on Tuesday, as the sector struggles with a tepid recovery and the end of a government tax credit.

The Commerce Department reported that housing starts in June were at a seasonally adjusted annual rate of 549,000, about 5 percent below the revised May estimate of 578,000. The June rate was at its lowest level since October 2009 and also fell below analysts' estimates of 580,000, according to a Bloomberg survey.

The June figures were primarily the result of a 20 percent decline for condominiums and apartments.

Another indicator in the report showed that building permits for June were slightly higher at 586,000, up 2 percent compared with May, while those for single-family homes dropped to 421,000 in June, about 3 percent below the figure for May.

"It reflects what builders are thinking about the housing market," said Patrick Newport, an economist with IHS Global Insight. Referring to the June figures, he said, "They just don't think they are going to sell many homes, and for good reason."

The median time to sell a home in the United States has crept up to about 14 months, he said. "We need to start creating more jobs," Mr. Newport said. A better jobs market would generate demand and get construction back on track.

And this report from Charles Hugh Smith:

Financial analyst Meredith Whitney recently joined the ranks of those who foresee a serious decline in housing prices in the second half of 2010. Her reason: Banks are starting to unload higher-priced homes in their bulging "shadow inventory," and with sales dropping sharply now that the federal tax credit for homebuyers has expired, there's a massive mismatch between supply (rising) and demand (falling).

Evidence for falling demand is plentiful: Pending home sales have tumbled 30%, hitting two records. Mike Larson of Weiss Research recently said: "Demand has fallen off a cliff in the wake of the tax credit expiration, with pending sales falling by the biggest margin ever to the lowest level ever."

The consensus is the sharp decline in home sales is the result of the federal tax credit ending, but few analysts have hazarded guessing where new demand will come from, absent the tax credit. Meanwhile, the supply of homes for sale or in default marches ever higher in all price segments.

To the surprise of those who reckoned that higher-end homes were holding up better than the rest of the market, the delinquency rate on investment homes with an original mortgage of more than $1 million is now 23%. And a staggering one in seven homes over $1 million is in default. Even the posh Beverly Hills zip codes have seen prices shrivel by 31%.

An Ever-Larger Shadow

Lenders are thus rightly worried that many of the 11 million homeowners who owe more than their house is worth - the 24% of homeowners who are "underwater" - will walk away from their mortgages, especially if the real estate market rolls over again. Such an increase in so-called strategic defaults would burden lenders with even more unsold homes - a category known as "shadow inventory" because lenders don't always list a newly foreclosed home for sale immediately.

This shadow inventory could reach as high as 7 million homes by some estimates. Other analysts have calculated that it will take 103 months (about 8.5 years) to clear this gigantic inventory of foreclosed, distressed and defaulted homes.

To put these numbers in context: according to the US Census Bureau, 51 million households have a mortgage and 24 million own homes free and clear (no mortgage), and about 37 million households rent.

Even more sobering, the total number of vacant dwellings in the US increased to a record 19 million in the first quarter of the year, up from 18.9 million in the fourth quarter of 2009. As new homes continued to be constructed, inventory rose last year by 1.14 million to 130.9 million, while occupied homes increased by 1.07 million to 111.9 million.

And more thoughts...

"This is the Greater Depression...and it's going to be worse...far worse...than the Depression of the '30s," said Doug Casey.

"We're just in the eye of the hurricane now. It seems calm. But the other side of the storm is going to hit soon. And it's going to be much worse..."

Doug proceeded to list all the reasons this storm will cause more devastation than the '30s tempest.

For one thing, people have much more debt. There was relatively little consumer debt in the '20s. Credit cards hadn't been invented yet. And if you wanted to buy something from a store you had to pay for it in advance. They had 'lay-away' plans. You could pay a little each month. Then, when you'd finished paying for it, they'd give you the merchandise. Generally, people still believed in saving money.

Other reasons:

There was no expensive social-welfare establishment.

There were few bailouts and few boondoggles.

The US government had little debt and was relatively little-involved in the economy.

The US had a positive trade balance.

The US was still a growing, dynamic economy...and the world's leading exporter.

And the US wasn't involved in any foreign wars. Its military expenses were trivial compared to those of today.

People wanted to invest in the US. The US dollar was backed by gold.

"Now, smart Americans are getting their money out of the US," said Doug. "This time it's going to be much worse."

Bill Bonner
for The Daily Reckoning

-------------------------------------------------------

Here at The Daily Reckoning , we value your questions and comments. If you would like to send us a few thoughts of your own, please address them to your managing editor at ***

US Jobs Data: One Reason Why It Might Not Be Getting Better
Ever Had A Job? A chart that showed past presidents and the percentage of each president’s cabinet appointees who had previously worked in the private sector – you know, a real life business, not a government job? Remember what that is? A private business?

The Role of Consumer Spending in Phony Economic Growth

Zookeepers Unite Against Behavioral Economics

US Economic Outlook: Bad and Getting Worse
I was thinking that my economic situation had gotten a lot worse, and that I am probably the only guy in the whole world whose life Really, Really Sucks (RRS), when I saw a new survey by AlixPartners showing that 71% of Americans report that their economic situation is “the same,” “somewhat worse” or “a lot worse” than this time last year. Wow!

Raising Taxes to Combat Recession: The Ultimate Fiscal Folly

The Sweet Smell of Investing in Silver and Gold

Social Security No Longer Feeling So Secure
It’s a bit of fresh air to witness that the nation’s over $100 trillion in unfunded liabilities (including Social Security, Medicare, and Medicaid) aren’t going entirely unnoticed by the public. A recent USA Today/Gallup Poll found that a majority of Americans, both working and retirees, harbor significant doubts about Social Security’s ability to provide the benefits it currently promises.

New Gold-Backed Currency Could be in Use Next Month

Lexmark International (NYSE:LXK) — Morgan Stanley Downgrade Strikes

The Daily Reckoning: Now in its 11th year, The Daily Reckoning is the flagship e-letter of Baltimore-based financial research firm and publishing group Agora Financial, a subsidiary of Agora Inc. The Daily Reckoning provides over half a million subscribers with literary economic perspective, global market analysis, and contrarian investment ideas. Published daily in six countries and three languages, each issue delivers a feature-length article by a senior member of our team and a guest essay from one of many leading thinkers and nationally acclaimed columnists.

Cast of Characters:
Bill Bonner Founder	Addison Wiggin Publisher	Eric Fry Editorial Director
Joel Bowman Managing Editor	The Mogambo Guru Editor	Rocky Vega Editor

Additional articles and commentary from The Daily Reckoning on:
	Twitter	Facebook	DR iPhone APP
To end your Daily Reckoning e-mail subscription and associated external offers sent from Daily Reckoning , . If you are you having trouble receiving your Daily Reckoning subscription, you can ensure its arrival in your mailbox by whitelisting the Daily Reckoning . © 2010-2011 Agora Financial, LLC. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the World Wide Web), in whole or in part, is strictly prohibited without the express written permission of Agora Financial, LLC. 808 Saint Paul Street, Baltimore MD 21202. Nothing in this e-mail should be considered personalized investment advice. A lthough our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice.We expressly forbid our writers from having a financial int erest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation.Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.