Gold Plunges : Peter Schiff “It’s going to be a ‘horrible Christmas’ “

Well , a horrible Christmas for the folks who followed Peter Shiff’s constant refrain to buy gold.

( as opposed to AMP advice to sell at $1800 .


USD/t oz. 1,086.30 -17.90 -1.62% DEC 15 11:24:10
JPY/g 4,286.00 -38.00 -0.88% OCT 16 11:23:43
USD/t oz. 1,089.56 -14.36 -1.30% NA 11:49:12
EUR/t oz. 1,014.24 -0.04 0.00% NA 11:49:50
GBP/t oz. 730.31 +4.41 +0.61% NA 08:28:35
JPY/t oz. 134,191.44 -210.72 -0.16% NA 11:48:54
INR/t oz. 72,028.75 -709.10 -0.97% NA 11:49:20


The Grinch has nothing on Peter Shciff .

On CNBC’s “ Futures Now ” Thursday, thecontrarian investor said that while Americans are wrapping presents this holiday season, they should instead brace themselves for “a horrible Christmas” and possible recession.

“I expect [job] layoffs to start picking up by the end of the year,” Schiff said, pointing to retailers as the first victim. “Retailers have overestimated the ability of their customers to buy their products. Americans are broke. They are loaded up with debt,” he said. “We’re teetering on the edge of an official recession,” and “the labor market is softening.”

For Schiff, there is no one else to blame but theFederal Reserve . As he sees it, the central bank’s easy money policies have created a bubble so big that any prick could send the U.S. economy spiraling out of control. And that makes the possibility of hiking interest rates slim to none.

Read More Oil driving markets, not Fed: Cashin

“The Fed has to talk about raising rates to pretend the whole recovery is real, but they can’t actually raise them,” said the CEO of Euro Pacific Capital. “[Fed Chair Janet Yellen ] can’t admit that she can’t raise them because then she’s admitting the whole recovery is a sham and that the policy was a failure.”

Related Quotes

According to Schiff, the recent rally in the dollar (Intercontinental Exchange US: .DXY) is “the biggest bubble that the Fed has ever inflated” and “it’s the only thing keeping the economy afloat.” The greenback hit a three-month high this week after Yellen said a December rate hike was a “live” possibility.

Read More Sorting out the influence of the strong dollar on revenues

“[The inflated dollar] is keeping the cost of living from rising rapidly and it’s keeping interest rates artificially low. It’s allowing the Fed to pretend everything is great,” Schiff said. “Eventually the bottom is going to drop out of the dollar and we are going to have to deal with reality,” he added. “That reality is we are staring at a financial crisis much worse than the one we saw in 2008.”

Schiff, a longtime Fed foe, has been doubting a rate hike for some time. And while his predictions for a stock market and dollar crash have yet to pan out, he has maintained his stance that the Fed’s hands are tied.

Correction: This article has been revised to reflect Schiff said the bottom will drop out of the dollar.

Get your tax haven planning in gear for 2016 Read more at




SunEdison Inc. (SUNE) Planning a $4 billion Factory In India

SunEdison Inc. (SUNE), the best-performing solar company last year, is planning a $4 billion factory in India to supply the country’s booming market for clean power.

SunEdison will form a joint venture with the Indian power provider Adani Enterprises Ltd. (ADE) to build India’s largest photovoltaic panel plant, with as much as 7.5 gigawatts of annual production capacity, the Maryland Heights, Missouri-based company said today in a statement. Construction is expected to begin this year.

India set a target in November for as much as 100 gigawatts of solar capacity by 2022, five times its earlier goal. The country is the third-largest source of carbon emissions and is under pressure from China and the U.S., the two largest, to reduce pollution. Last month it pledged to spend at least $100 billion on climate-related projects, and President Barack Obama is scheduled to visit New Delhithis month to meet with Prime Minister Narendra Modi.

“The prime minister has been revising upwards India’s aspirations for solar,” Pashupathy Shankar Gopalan, SunEdison’s managing director for South Asia and Sub-Saharan Africa, said in an interview. The planned factory “very nicely plays into the aspirations for the country to grow solar significantly, as well as wanting to create stronger domestic manufacturing.”

Solar demand in India this year may triple to more than 3.2 gigawatts, according to Bloomberg New Energy Finance. The London-based research company expects as much as 63.6 gigawatts to be installed worldwide.

Rising Emissions

India gets about 60 percent of its power from coal. Under India’s existing energy policies, theInternational Energy Agency estimates that carbon dioxide emissions will jump 34 percent by 2020 and double by 2030.

The new plant in Mundra, Gujarat, will incorporate all stages of solar manufacturing, from polysilicon to cells and panels. Construction will take about three years and it will create about 20,000 jobs.

“Solar will be a very important part of the country’s energy mix,” Gopalan said. “The cost of solar has become so competitive that it’s our belief the facility we’re building will be able to compete head to head with fossil-powered energy in India.”

SunEdison shares climbed almost 50 percent in 2014, the most among the Bloomberg Intelligence Global Large Solar Energy index of 21 companies.

Why India Matters To Blackberry ( The Motley Fool)

The recent news that Blackberry quickly sold  a 25,000 allotment in India hardly seems significant – but it is significant to the future of Blackberry.


  • BlackBerry’s stock up sharply in past three months.
  • Z3 launched in India following introduction in Indonesia.
  • More new models like the Passport are on the way.
  • The company is a decent speculation on continued turnaround progress.

It seems that the Indian smartphone industry will continue to outperform globally. With the introduction of several low-cost smartphones and discounted data tariffs, smartphone shipments in the country surged 244% during fiscal year 2014, according to India-based Manufacturer’s Association of Information Technology.

The industry body, going forward, estimates the Indian smartphone industry will double in size during fiscal year 2015; gradually increasing 3G penetration rate and the introduction of next-gen 4G network will compel consumers to upgrade their smartphones. Let’s see what Apple(NASDAQ: AAPL  ) , Blackberry (NASDAQ: BBRY  ) , and Nokia (NYSE: NOK  ) are doing to capture this explosive expected growth.

Boosting affordability
Long-standing premium smartphone vendor Apple is globally known for its expensive but high-quality products. And to grab a substantial market share in India, Apple is trying to boost its affordability-factor among middle-income Indians.

For instance, Deutsche Bank recently found that iPhone 5s has been priced — in terms of U.S dollars — lower in India than several other international markets. Plus, the 8GB iPhone 5c variant, under a promotional buyback scheme, is currently available for about $490 in the country — down from its launch price of $625.

This kind of strategic pricing, along with Apple’s aggressive advertising campaigns in popular Indian media outlets, seems to have contributed immensely toward the smartphone vendor’s growth in the country.

Tim Cook recently noted, “[During the second quarter of fiscal year 2014] iPhone sales grew by strong double-digits year-over-year, and in India and Vietnam sales more than doubled.”

Needless to say, Apple India is doing a commendable job. Going forward, if speculative reports are to be believed, the upcoming iPhone 6 will be priced lower than the current iPhone 5s. In that case, the increased affordability factor might as well contribute in boosting Apple’s growth in the country.

Apple India had a 1.7% volume-based market share in the quarter ended December, according to IDC.

Expanding product line
Nokia, on the other hand, is aiming to reach a broad spectrum of consumers. For instance, its Lumia range consists 14 smartphones within a price band of $140-$700. Its latest Android-based X series currently offers three smartphone variants priced between $120-$190.

The Finnish giant recently added Lumia 630, 635, 930, and Nokia X2 to its already diversified product portfolio.

Market tracker CMR estimates that smartphones selling within a price band of $250-$330, represent about 8% of the total smartphone sales in India. This suggests that Nokia’s wide range of smartphone offerings are favorably priced and well-positioned to lure a huge base of budget-conscious Indian consumers.

Nokia India enjoyed a healthy 17.5% volume-based market share during the first quarter of fiscal year 2014, according to CMR India.

Entering the budget-friendly territory
Even Blackberry appears to be showing some promise lately. The Canadian smartphone vendor had slashed its Z10 prices by 60% in past February, under a 60-day limited-period offer. Shortly after, the company ran out of Z10 stock. But now that the promotional period is over, Blackberry hasn’t rolled back its prices.

The financially troubled smartphone giant also slashed its Z30 prices by 15% last month under a limited 60-day promotional offer. Gauging by Z10’s recent pricing history, however, it is highly unlikely that the smartphone vendor will roll back its prices.

In addition, Blackberry recently introduced its latest OS 10-based Z3 in India. Priced at about $250, the Z3 provides competitive hardware and a phablet-experience to budget-conscious consumers.

This kind of strategic pricing should, in theory, contribute in winning back some of Blackberry India’s lost market share — which stood at 0.83% during 2013.

Foolish final thoughts
India is the third largest and the fastest growing smartphone market. And to capture this explosive growth potential, Apple, Nokia, and Blackberry are competing on price. Investors, therefore, might want to keep a close eye on how their marketing campaigns contribute in boosting their market share.


Leaked: Apple’s next smart device (warning, it may shock you)
Apple recently recruited a secret-development “dream team” to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple’s gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors.


Blackberry In India Healthcare Services Launch plus Goldman PR Boost

BlackBerry plans healthcare services platform in

India according to the Economic Times

(“Work has started on it but…)

BANGALORE: After losing ground in the smartphone race, Canada’s BlackBerry is attempting to make a dent in the internet of things space by launching a healthcare service that will integrate thousands of medical devices to enable early detection of illnesses.

The company will soon announce the launch of a connected healthcare service in partnership with US-based healthcare technology firm NantHealth as it looks beyond smartphones in the Indian market, one of the few where Black-Berry’s revenue is still growing.

The NantHealth platform is currently installed at about 250 hospitals globally, and connects more than 16,000 medical devices collecting more than 3 billion vital signs annually.

“Work has started on it but we haven’t finalised an official launch date,” said Sunil Lalvani, managing director, Black-Berry India. “We are running trials with multiple hospitals in India. It includes integration with different hospital information systems as well as various medical equipment.”

Healthcare providers in India are expected to spend $1.08 billion (about Rs 6,400 crore) on IT products and services in 2014, a 4 per cent increase over the previous year, according to brokerage Equentis Capital.

NantHealth’s Clinical Operating System (cOS) platform integrates the knowledge base with the delivery and payment systems, and with BlackBerry’s QNX embedded technology, it combines secure cloud-based and supercomputing services to provide data integration, decision support and analytics.

BlackBerry bought a minority stake in the privately held NantHealth in April to enter the connected healthcare space. Medical equipment, such as scanners, dopplers and ECG machines, are among thousands of medical devices that can be integrated using cOS along with BlackBerry’s QNX. QNX, bought by BlackBerry in 2010, is an operating system, which the company used as a foundation for its revamped BB10 platform.

QNX commands a 53 per cent marketshare in automobile infotainment systems, where it has been used in over 200 models of cars, including those made by Ford, Mercedes, Audi and BMW, according to market research firm HIS. Apple’s recently announced platform for cars, CarPlay, also utilises QNX.


Above Average
As of 07 Jul 2014 at 10:37 AM EDT.



Open 10.62 P/E Ratio (TTM)
Last Bid/Size 11.20 / 69 EPS (TTM) -11.39
Last Ask/Size 11.21 / 67 Next Earnings 26 Sep 2014
Previous Close 10.61 Beta 1.18
Volume 12,841,279 Last Dividend
Average Volume 17,417,115 Dividend Yield 0.00%
Day High 11.31 Ex-Dividend Date
Day Low 10.57 Shares Outstanding 526.9M
52 Week High 12.18 # of Floating Shares 500.0557M
52 Week Low 5.44 Short Interest as % of Float 19.19%

BlackBerry: Is Goldman Sachs/Google Unencrypted Email Debacle De Facto PR?
Jul. 7, 2014 10:49 AM ET | About: BlackBerry Ltd. (BBRY)
Disclosure: The author is long BBRY. (More…)

Goldman’s recent email security breach puts a spotlight on the need for secure enterprise networks.
BlackBerry is the undisputed leader in managing enterprise networks securely.
Companies who have been victims of security breaches will continue to turn to BlackBerry for solutions.

NIKO Resources – Still Nothing to Cheer Investors

NIKO Resources* (NKO : TSX : $3.20), Net Change: -0.28, % Change: -8.05%, Volume: 743,871
Niko’s share price remains under pressure…According to Canaccord Analyst Christopher Brown, the company continues to fight a storm of controversial media reports coming out of India, which in his view, have more to do with Indian politics rather than oil and gas policy. Nevertheless, opposition parties in India tend to capture media attention with controversial statements that eventually stream into the North American markets. Until Reliance begins to demonstrate production growth on the offshore D6 block, Brown believes there will be ongoing negative pressure on Niko’s share price.
Brown believes the combination of unsubstantiated rumors and Niko’s stressed financial situation continues to raise the
question of how Niko will survive another year. In his view, the value of Niko’s asset base is multiples above the company’s
current trading price, but in order to unlock that value, Niko needs to strategically deploy or conserve capital.

Niko’s recent move to halt drilling offshore Indonesia postpones some interesting exploration opportunities for an indeterminate length of time. Compounding this delay is Diamond Offshore’s (DO) most recent rig report, dated September 19, 2013, whereby Diamond Offshore states that Niko is delinquent on its payment obligations. Niko confirmed that it is overdue on payments, and has indicated that it is currently in negotiations with the rig provider to manage payments going forward.

In Brown’s view, the report highlights Niko’s precarious financial situation. While production and gas prices in India are set to increase for the first time in years, Niko’s working capital remains in a negative balance, and its debt facility is at risk of being reduced .

NIKO Resources, Motley Fool and The AMP Hedge Fund

Mutual Funds for Dummies ... U.S. Funds at War...
Mutual Funds for Dummies … U.S. Funds at War — Too simple? (Monday, June 4, 2012) …item 3.. Music to Help Study and Work – 26:39 minutes … (Photo credit: marsmet545)

The AMP Hedge Fund tracks a good number of stocks for consideration – few as frustrating as NIKO . Great potential – but they used to say that about me.

My advice to myself is that it is better to be a little late into a position than to be early.

Thus we track NIKO ( NKO on Toronto) but haven’t taken a position. Years ago the stock was $ 114 and headed to $ 200 on the basis of massive potential . Natural gas discoveries in India , Indonesia and Trinidad. Swinging for the fences is not an investment strategy it is gambling.

Yet NIKO has the production in India – getting paid a below market rates to satisfy the election bets of the corrupt .

Track and watch and wait.

Similarly – watch the potential natural gas conversion for trucking offered by Clean Energy and Westport Innovations. Westport has been ” touted ” by Motley Fool . Touted to gain paid followers – the bet has not paid off for the followers.

Niko Resources Ltd


 TSX : C$9.25 BUY 
Target: C$13.50

Niko Resources Ltd. is a Canadian-based international oil and gas company. Niko’s main producing asset is the D6 block in India (10% WI) where natural gas production is approximately 50 mmcf/d net and oil production is approximately 1,000 bbl/d net. Niko has an immense exploration portfolio spanning multiple countries and targeting very large, company-making prospects.

Investment recommendation
Although a gas price hike in India was highly anticipated, Niko’s share price rallied upwards of 25% on the final confirmation. The new pricing
formula is expected to be implemented in 2014, and Niko confirmed that the government’s new commodity-linked formula should generate a
2014 gas price of ~$8.40/MMBtu (effective April 1). With pricing risks largely addressed, the market has finally rallied behind Niko.
Investment highlights
 We expect reserve-based lending facilities to be adjusted to reflect much higher gas prices. In turn, this should provide Niko with
access to additional debt. Currently, facilities are based on a $4.20/MMBtu gas price.
 As a result of improved economics, Reliance Industries will likely pursue production growth more aggressively offshore India.
Using a DCF model, we estimate a 2P F2013E NAV of C$13.55/share. This forms the basis of our 12-month C$13.50 target. We note that even
after Thursday’s rally, the company continues to trade significantly  under its 2P reserve value, which excludes upside potential associated
with Niko’s recent MJ discovery. On a risked basis, our 2013E NAV increases to C$35.85. As such, we maintain our BUY recommendation.
Niko is a high-risk, high-reward investment. The company’s growth is dependent on high-risk exploration opportunities offshore Indonesia and
development of its offshore India assets