August 18, 2009

Today’s Chart Sponsored by:

Our first-ever Casey Research Energy & Special Situations Summit is scheduled Sept 18-20 at the beautiful Westin Tabor Center in Denver. Featuring an all-star faculty, including Doug Casey, Dr. Marc Faber,  Lukas Lundin, Rick Rule, Ross Beaty, Marin Katusa, Frank Holmes - and that's just for starters!
 
You'll learn everything you need to make the big profits in the coming upcycle for energy – as well as special situations in rare earths, potash, lithium and more. Stay home and you'll miss a once in a lifetime chance to get fully up to speed on today's most compelling opportunities in energy. 

View the updated schedule  by clicking here… and learn more about the event and register online by clicking here.

See you in Denver!


Attempting to prevent a collapse of the financial markets, the Fed continues its program of quantitative easing (QE) with aggressive injections of money into the economy by purchasing over a trillion dollars worth of Treasury and agency debt and mortgage-backed securities.

The Fed intended to increase lending activity, yet the banks are simply building cash reserves. Like Japan’s experiment with QE, a massive injection of money into the banking system was almost simultaneous with a bounce in the country’s stock market.

Are investors really encouraged by economic reports and quarterly earnings that are “less bad” than anticipated? Or are false signs of recovery from government intervention propping up the stock market?

With last week’s FOMC announcement that Fed purchases of Treasury debt will finish by the end of October and agency debt by year’s end, we may soon find out.

It takes crystal ball-gazing skills to truly predict where stocks will trade tomorrow… a skill we don’t have. But there are trends so big and seemingly obvious (to us), to ignore them would be foolish. Especially when they offer tremendous opportunity to profit, as is the case with Bud Conrad’s favorite investment of 2009.
 

 
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