Market Updates

Salman Partners’ Raymond Goldie: Copper Is Pathological and Suffers from SAD, but It Has Value

Expert Interviews The Gold Report: You are giving a presentation at the Society for Mining, Metallurgy & Exploration Current Trends in Mining Finance Conference called Diagnosing the Doctor, which refers to assessing the supply and demand problems for Dr. Copper as a way to understand what is ailing all the mining products today. Are we in a supercycle? What is the meaning of a sustainable supercycle? Ray Goldie: I suppose it's best to answer your second question first—What is the meaning of a sustainable supercycle?—because a lot of people use the word supercycle to describe the wonderful state that we had beginning in the early part of this century, when metal prices kept going up, commodity prices kept going up, seemingly forever. I'm a little less restrictive on what I define as a supercycle.


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Personal Finance

This Is the Way Out of Today’s Mad

Personal Finance Investors have had to endure much more volatility in the past few weeks. We may know why — the Federal Reserve put an expiration date on its $3 trillion-plus bond-buying program. But some investors don’t know how to proceed. The Fed’s easy-money policy — mainly known as quantitative easing, or QE — probably will end next year.

Fixed Income

DVHI: New ETRACS Diversified High Income ETN an

High-Yield & Dividend UBS (UBS) rolled out the ETRACS Diversified High Income ETN (DVHI) on Thursday (9/19/13).  The new exchange traded note (“ETN”) is targeted at investors desiring significant monthly income from a diversified multi-asset mix.  It will track the new NYSE Diversified High Income Index minus the 0.84% annual tracking fee.  The underlying index has a current yield of 7.7%, and the ETN will make monthly cash distributions.

Stock News

U.S. Bancorp (NYSE:USB) – U.S. Bancorp’s CEO Discusses Q1 2014 Results – Earnings Call Transcript

Financial [Seeking Alpha] - Following a review of the results by Richard Davis, Chairman, President and Chief Executive Officer, and Andy Cecere, U.S. Bancorp’s Vice Chairman and Chief Financial Officer, there will be a formal question-and-answer session. I will now turn the conference call over to Sean O’Connor, Director of Investor Relations for U.S. Bancorp. Richard Davis, Andy Cecere and Bill Parker are here with me today to review U.S. Bancorp’s first quarter 2014 results and to answer your questions. Read more on this. U.S. Bancorp (USB), currently valued at $73.76B, began trading this morning at $41.31.   Looking at today's trading action, the company's one day range from $39.90 to $41.50 and has traded between $31.99 and $43.66 over the past year.   USB shares are currently priced at 13.06x this year's forecasted earnings, which makes them relatively inexpensive compared to the industry's 18.


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Fund & ETF

MLP ETF Expenses Hit The Fan

ETFs Since the inception of the Investment Company Act of 1940, investors have grown to expect every mutual fund, closed-end fund (“CEF”), and exchange traded fund (“ETF”) to be treated as a “pass-through vehicle” for tax purposes. The entity itself would not pay any taxes, and all tax liabilities would be passed-through to the shareholders. That was the status quo for decades, until master limited partnership (“MLP”) funds came along.

Investing

Three Key Metrics to Identify a Superstar Investment

Energy The Mining Report: Alphastox.com follows junior equities in everything from gold, silver and diamonds to uranium, oil and gas. Why did you choose those particular market segments? Etienne Moshevich: If you invested wisely and at the right time—meaning in companies that have the right management teams, the right projects and the right capital structure—there's a lot of upside in those segments.