MEME ALERT: GOLD $3,000 (GLD, DGP, DZZ, DGL, DGZ)

A man shows off his gold teeth grills in Harlem

Gold futures settled at $1,576/oz, down around 1 percent for the day.  This month, gold dipped its toes into bear market territory. 

But we've heard at least four big names talk about gold heading to $3,000.

Gluskin Sheff's David Rosenberg told the Financial Times that gold "will go to $3,000 per ounce before this cycle is over."

Sean Boyle, CEO of mining giant Agnico Eagle expects gold to pass $3,000 within 24 months.

Bank of America Merrill Lynch's technical analysis team has argued for $3,000 and $5,000 gold in recent day.

World Gold Council CEO Aram Shishmanian reportedly argued that gold would have to head to $3,000 in order for gold producers to stay in business.

U.S. Global Investors' Frank Holmes recently gave a presentation titled Goldwatcher – $2,400/oz? $5,479/oz? $46,000/oz?.  Holmes is a gold bull.

Other Bulls

Although they didn't break that $3,000 barrier, there have been other bullish calls on gold.

Citi technical analyst Tom Fitzpatrick is looking for $2,400 gold within 12 months.  However, this differs from Citi's commodities team who sees gold average $1,835 in 2013.

Calling it the "currency of last resort," Goldman Sachs is looking for $1,840 gold within six months.

Morgan Stanley's favorite commodity right now is gold.  Their commodities team sees it going to $2,175 by 2013.

And the list goes on: Bill Fleckenstein, Richard Russell, Peter Schiff, John Paulson...

Some Wisdom From Warren Buffett

The gold bulls are noticeably noisier than the gold bears.  Warren Buffett addressed this phenomenon in a recent interview on CNBC.

You can knock almost any investment and people won't be as irate as when you knock gold, he argued.  This speaks to gold investors' motivations.  "They want people to be as afraid as they are."

SEE ALSO: THE TRUTH ABOUT GOLD >

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Source: http://feedproxy.google.com/~r/businessinsider/~3/0nik92B4RtQ/meme-alert-gold-3000-2012-5

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Go To GOOGLE.IE Right Now, And Play With The Google Doodle

Google's doodle is already up in timezones where it's Wednesday, and it's awesome.

It's a working Moog (synthesizer) that has working keys and filters.

So check out Google Ireland, and play with it.

Goog Moog

(Via @lorcanrk)

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Source: http://feedproxy.google.com/~r/businessinsider/~3/DHWb0oB3qKs/go-to-googleie-right-now-and-play-with-the-google-doodle-2012-5

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On line Name Organization Facilitates ? Extremely

Go on and increase reputation relief on the number of important aspects to be aware of any time preparing your online internet marketing strategy. Countless web marketers, such as my own self from many point preoccupied with several marketing techniques, but usually unnoticed reputation relief any time preparing an online marketing strategy. Then again, not [...]

Source: http://www.legaldebthelponline.com/2012/05/20/on-line-name-organization-facilitates-extremely/

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Heartbreaking Pictures Of American Child Laborers In The Early 1900s

Child Laborer

For most of the 19th century into the early 20th century, children as young as five worked as shrimp pickers, factory workers and even in dangerous lumber yards.

In 1842, Massachusetts limited work days for children to 10 hours per day, but that was hardly doing them a favor. 

A law was passed to enforce a minimum working age in 1916 and 1918, but those efforts were declared unconstitutional on both occasions.

Finally, the Fair Labor Standards Act in 1938 enforced minimum working ages and hours under federal law and child labor was officially ended.

Photographer Lewis Wickes Hine captured the harsh conditions children endured in the early 1900s before strict labor laws. The images come from the Library Of Congress

Sidney Ashcraft, 10, was a bundle carrier in Cincinnati in 1908.

These twin workers from Spartanburg, S.C. made 44 cents a day for their widowed mother.

This boy did not have an easy time making beds.

See the rest of the story at Business Insider

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Source: http://feedproxy.google.com/~r/businessinsider/~3/dM2fF-ZlZfU/american-child-laborers-pictures-2012-5

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Actually, Facebook Is In Stupendously Good Shape (FB)

Sheryl Sandberg

Facebook stock is down from its IPO price – a lot!

It dropped 12% yesterday and another 8% or so this morning.

But the truth is: Facebook the company has never been in stronger shape, thanks to its incredible IPO.

Before its IPO, Facebook had:

  • 900 million monthly users and 500 million daily users.
  • $4 billion revenues and $1 billion profits from a crappy ad product with lots of room for improvement.
  • The most popular mobile app in the world at a time when mobile is become THE way people use the Internet.
  • A CEO focused on building something permanent and useful.
  • A $5 billion credit line.

After its IPO, Facebook has:

  • 900 million monthly users and 500 million daily users.
  • $4 billion revenues and $1 billion profits from a crappy ad product with lots of room for improvement.
  • The most popular mobile app in the world at a time when mobile is become THE way people use the Internet.
  • A $5 billion credit line.
  • A CEO focused on building something permenant and useful.
  • $6 billion in cash.
  • Virtually unlimited runway thanks to all that cash and profitability.
None of this is to say you should buy or not buy Facebook stock.

However, the only good reason to buy Facebook stock has been to place a bet that, due to the incredible position outlined above, Facebook has a chance to become a spectacular Google-like business (even though it is OBVIOUSLY not one yet).

That's still the only the reason to buy Facebook stock. It just happens that it is now cheaper to place that bet.

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Source: http://feedproxy.google.com/~r/businessinsider/~3/CnYF5Iz_j80/actually-facebook-is-in-stupendously-good-shape-2012-5

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3 Money Topics to Discuss Before College Starts

By Rachel Cruze

If you?ve ever had a kid who went to college, you know that it?s not uncommon to get a call that goes something like this:

?Hey Dad!.?

?Hey son. How are things??

?Classes are going well, but can you send me $100 by the end of the week??

?Well, things are kind of tight here. But what do you need the money for??

?Uh, you know, books. Things. Just school stuff.?

?All right. Well let me talk to your mother.?

In the dorms, I heard conversations like this all the time. A few days later, dad transfers the money to his son?s account. But what happens after that? Where does that money actually go? Is Junior a human black hole?

Despite his best intentions, that money is probably going to something more than just ?school stuff.? Don?t get paranoid (unless you need to be). It?s doubtful your son or daughter is involved in anything sketchy, but it?s easy as a college student to spend a few bucks here and there and never even realize how quickly it adds up, until it is all gone and the cycle repeats itself.

I continue to see this happening, and that is why I?m here to help. If you?ve got a kid about to head off to campus, think about these possibilities and talk them through together before you drop him or her off at the dorm.

Extracurricular Activities

Does your teen plan on being in a sorority or fraternity? With all the parties and formals, Greek life can be expensive. And then you also have intramural sports, meal plans and all kinds of other clubs and organizations that might cost a pretty penny. Sure, it?s perfectly fine to have some interests outside of school, but make sure you and your teen budget and save for them beforehand. If not, you?ll be getting even more frequent calls for your hard-earned $100 bills.

Last-Minute Spending

I?m sure you?ve heard the quote, ?When you fail to plan, you plan to fail.? I often noticed friends buy a $5 lunch at Taco Bell when they already paid for a meal plan. Or a quick Target visit for toothpaste would turn into a $50 shopping spree. And have you seen the cost of gas these days? What about that last-minute weekend road trip to the football game?the one with the five-hour tailgate with seemingly unlimited drinks and food, not to mention a hotel, a couple of hundred miles worth of gas and two days worth of junk food. All of that adds up in a hurry. Some of these things you can?t plan for, so we recommend a little blow money for pop-up stuff like this.

Stupid Mistakes

These are the types of costs that could easily be avoided with just a little planning. These are the $3 and $4 fees for not using your bank?s ATM. Or the $30 parking tickets for failing to renew a parking pass. Or buying the brand-new version of a textbook when the older, used version would work just fine. Sometimes, though, experience is the best teacher. Maybe your teenager will have to get their car towed once before they finally learn their lesson.

Hopefully, some of these expenses won?t catch you off guard now. You can stay informed and aware of what your kid is spending your money on without being an overbearing parent. Remember, if you are sending them your money, you have a right to know how it?s being used! Keep that in mind, and you?ll help the college freshman in your life create healthy money habits at a young age.

Send Them Off With Practical Tools

I am so excited about this new project we?ve been working on that your child can take with them to college! The Graduate?s Survival Guide was created just for college-bound kids to empower them with practical how-tos for navigating through daily college life. It includes an in-depth Q&A book and a four-part DVD that will feature me and my good friends, Jon Acuff and Christy Wright, as we talk about what students can expect and how to be prepared.

Give the college students you know a little ?preventative medicine? now so they won?t have to deal with the disease of debt later. Get The Graduate?s Survival Guide and confidently send them off to college!

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Source: http://www.daveramsey.com/article/3-money-topics-to-discuss-before-college-starts/lifeandmoney_college

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The Indicator That Says Stocks Are Going Higher

The MACD on a weekly SPX chart has been a terrible indicator to follow. In fact, the kind of sell signal we got most recently has marked huge buying opportunities in the past, so it shouldn't surprise you if this one is, as well.

Source: http://www.forbes.com/sites/greatspeculations/2012/05/21/the-indicator-that-says-stocks-are-going-higher/

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