RICHARD RUSSELL: The Gold Skyrocketing Phase Still Lies Ahead


Via Richard Russell’s Dow Theory Letters:

“Day after day, everyone asks whether gold has topped out. Nobody ever asks whether the market has topped out. Think about it, we’re in a low inflation, low investor fear environment, a dollar that appears to have bottomed and is now firming, and still gold holds above 1700 an ounce. This is a remarkable performance aided by heavy buying in China, India, and Asian nations. But what happens when we hit the inevitable inflation; when investors fears are on the rise? To conclude, gold is holding well in an environment that is not bullish for gold, but in due time, the environment will turn highly bullish for the yellow metal. Do not time your gold purchases. Simply continue to accumulate gold. The skyrocketing phase lies ahead, maybe one to three years.. “

Mr. Russell is in the hospital recovering from a broken hip, but going strong at 87.  I wish him a speedy recovery….

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Helpful Tips for Debt Consolidation

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It is important to be able to save every month for an effective debt consolidation plan. Stick to the debts with low interest rate rather than the higher ones. While considering debt consolidation plan the lower monthly payment might give you an impression of saving but in fact it is the longer time period which reduces the monthly payments so it is important to work on the interest rates and follow a budget plan to get an actual savings.

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Taking Hope to the Hispanic Community

If ever there was someone tailor-made to carry Dave Ramsey?s message of financial peace to the Hispanic community, it?s Andres Gutierrez. With his new radio show, he?s now able to spread hope on a whole new level!

Like Dave, Andres has a knack for capturing an audience?s attention. But, more than that, Andres shares Dave?s passion for providing financial hope to people who are struggling with money and want to save for the future.

Why They Need the Message of Hope

The Hispanic population, with more than 50 million people, now represents the largest minority in the United States. Their spending power exceeded $1 trillion in 2010. That?s a lot of money!

?With that type of purchasing power, you would think they would be winning with money,? Andres says. But the reality is shocking. ?The average net worth of Hispanics is only 9% of the average net worth of non-Hispanics?in other words, they are broke.

?They are spending $50 a month on a TV, $80 a month on a bunch of furniture and $400 a month on the car. Before they know it, they are spending more than they make. So there?s no savings. There?s no money for retirement, no money for college savings. There?s not even an emergency fund.?

In reality, Andres says, the Hispanic population in America is not much different than anyone else when it comes to money. ?They know what to do with their money; they just don?t do it. They have bought into the marketing that says if you want something, you should put it on a credit card instead of saving in order to buy it.?

Why Andres?

Before joining Dave?s team, Andres worked as one of Dave?s most successful Endorsed Local Providers (ELPs) in San Antonio, Texas. With the heart of a teacher, Andres has been helping people with their money for more than 10 years.

?As one of Dave?s ELPs, I was able to help people make a plan for their money and get out of debt,? Andres says. ?Not only have I held all the insurance and investment licenses, but I also have the real-life experience of knowing what it takes to become and live debt free.?

Having grown up in a household where debt was not an option, Andres learned at an early age that if you don?t have the cash, you don?t buy it. But when he went to college, things changed.

?I quickly fell into the lies that having debt was normal. I opened up credit cards and took out student loans. My wife and I continued this pattern of using credit cards, and our debt piled up quickly,? he says.

?But, in 2003, we went to Dave Ramsey?s Total Money Makeover LIVE! event, and we decided that we didn?t want to live a life of payments anymore. We got on a plan, followed the Baby Steps, and now have paid off all of our debt, except for the house. And we?re knocking that out now!?

These changes not only helped him financially, but they also improved communication in his marriage. ?To this day, we sit down every month and have a budget committee meeting. If something changes or one of us needs to make an unexpected purchase over a certain amount, we come back to the table and discuss how it will affect our budget.?

Andres wants to bring that same type of transformation to the Hispanic community. At his live events and in his DVD series Paz Financiera, he teaches common-sense financial principles that empower Hispanics to win with money, once and for all.

?By breaking down the principles and teaching people, step by step, how to apply these principles in everyday life, we are able to help them change their financial future and their family tree.?

Now On Air!

Andres hosts a talk radio show, El Show de Andres Gutierrez, where he tells it like it is and teaches people to win with money. His passion and direct way of communicating has earned him the nickname "El Machete." Listen to Andres for yourself and find out why! The show is being broadcast on stations across the country at various times. You can listen live online Monday through Friday from 11am to 12pm EST at andresgutierrez.com.

Learn more about Andres now!

 

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HP Was So Scared Of Losing One Employee, It Filed An Emergency Lawsuit To Stop Him (HPQ, CSCO)


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Here's a sad tale from Cisco's top lawyer, Mark Chandler.

A few weeks ago, an unnamed HP employee quit his job in Texas and moved to California to start a new job at Cisco.

He asked a California court to overrule the non-compete agreement he had with HP -- a safe bet, since California is very protective of a worker's right to change jobs.

As part of the normal legal process, Cisco notified HP of the court hearing and tried to assure HP that the employee wouldn't use any confidential information.

So how did HP respond?

By filing an emergency lawsuit in Texas trying to get an immediate injunction preventing the employee from starting work in California.

The Texas judge laughed the case out of court, and the California court gave him the right to start at Cisco. (Arik Hesseldahl of AllThingsD thinks the employee was Paul Perez, the former CTO of HP's storage business.)

Chandler says this is the third time in two years HP has sued former employees to stop them from working at Cisco.

One of the other lawsuits was so aggressive that the employee gave up, even though he had quit HP months before. Another was filed against somebody in HP's financial services department and didn't even try to argue that intellectual property was at stake. (The employee won that suit.)

HP isn't the only company to sue departing employees -- earlier this year, Microsoft sued a general manager to stop him from working for Salesforce, and is rumored to have used legal threats to stop one of its data center leaders from moving to Apple.

But HP's declaration of "emergency" in this case seems particularly low.

 

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Need help from HUD experts please?

Question by Johnnie5: Need help from HUD experts please? I have a 1 yr. lease on a fairly new home with 2 other people on the lease with me. We are in the 8th month now and we all have plans to end it after the year is up. Last week, and just today, we [...]

Source: http://www.legaldebthelponline.com/2011/11/22/need-help-from-hud-experts-please/

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Need help from HUD experts please?

Question by Johnnie5: Need help from HUD experts please? I have a 1 yr. lease on a fairly new home with 2 other people on the lease with me. We are in the 8th month now and we all have plans to end it after the year is up. Last week, and just today, we [...]

Source: http://www.legaldebthelponline.com/2011/11/22/need-help-from-hud-experts-please/

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JIM ROGERS: Everyone Needs To Stop Panicking About China


While everyone is panicking about a soft or hard landing in China, investor Jim Rogers continues to be bullish on the country. In an interview with CNBC, he says that China is slowing down because it wants to slow down, and investors should not be surprised by it.

A key indicator of China's slowing economy is its decelerating property market.  We previously reported that China's property bubble is very different from America's, a point that Rogers reiterates:

"In America people could buy four or five houses with no job, no money down and then the banks took the mortgages and diced them up even more. In China you cannot buy one house with no money down, with no job. There are strict limits on housing.

Yes there's been a housing bubble in urban-coastal real estate in China. Yes its going to pop because the Chinese government is popping it with their own will. Americans certainly didn't do anything like that."

While Rogers is concerned about shadow-banking, he thinks the country's debt problems do not compare with the the U.S.:

"China is the largest creditor nation in the world. America is the largest debtor nation in the history of the world. I'd rather be with the creditors than with the debtors any day."

Watch the entire interview at CNBC:

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15 Staggering Facts About Thanksgiving Spending


thanksgiving

We're not far from celebrating one of the greatest holidays of the year: Thanksgiving.

Amazing American foods such as turkey, cranberry sauce, sweet potato fries, rich pumpkin pie, and alcohol (that's a food, right?) make it all the more worthwhile.

We've rounded up some holiday facts that are sure to surprise you.

Last year online shoppers spent more than $400 million on Thanksgiving day.

Source: The National Retail Federation

The average American will eat $17 worth (or 16 lbs) of turkey this year.

Source: National Turkey Federation

Nearly 25 percent of Americans say they aren't traveling for Thanksgiving this year because they can't afford it.

Source: CouponCabin.com Survey

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Here Are The Winners And Losers Of Tonight's GOP National Security Debate


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The GOP presidential candidates faced off tonight in a national security debate. Here are the winners and losers:

BIG WINNER: Newt Gingrich: He had strong answers on Iran and the Patriot Act — and managed a strong defense of his position on illegal immigration.

On Amnesty, he provided an answer that appeals to moderates, and invoked Reagan to temper any qualms that the Tea Party and others may have. It will be an issue with some of the base, but it's a way for Gingrich to pick up some of Romney's moderate supporters.

Winner: Jon Huntsman: He had his best debate to date. He landed a big blow to Mitt Romney on Afghanistan, showing how much damage he can do if he is taken seriously in these debates.

Even: Mitt Romney: Yet again, he didn't seal the deal. He had a rough time on the immigration question — going to the right of Gingrich, but trying to avoid his scenario of grandmothers being separated from their grandchildren. He also had trouble with Afghanistan, allowing Huntsman to fluster him. While by no means fatal, tonight was one big missed opportunity.

Even: Michele Bachmann: She schooled Rick Perry on Pakistan, but didn't do nearly enough to change the trajectory of her campaign.

Even: Rick Perry: Expectations were absurdly low after his "oops" moment, and he managed to avoid another major gaffe. That said, out of nowhere he called on Leon Panetta to resign as Secretary of Defense. His Pakistan answer needed a lot more work.

Loser: Herman Cain: He missed an opportunity to bounce back from his Libya gaffe, but had a strong answer on immigration and the threat of terrorists on the Mexican border. But on Iran, he seemed unprepared yet again, repeating that the country is in a "very mountainous region," and saying that is why a military strike on the country's nukes would not work.

Loser: Ron Paul: He brought up Timothy McVeigh, but seemed to forget that he killed 168 Americans, and he also confused al-Shabab and al-Qaeda. He had some strong answers that will appeal to libertarians — but he only lessened his appeal to everyone else.

Loser: Rick Santorum: He called Africa a country. Enough said. 

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