Market Updates

Doug Loud and Jeff Mosseri: Three Reasons Why Gold and Gold Stocks Will Rise

Expert Interviews The Gold Report: Over two days, July 14 and 15, the price of gold fell over $40 per ounce ($40/oz), more than 3% of its value. To what do you attribute this drop? Jeffrey Mosseri: I don't think it was a very extraordinary event. Gold has been trading around $1,300/oz. We see sharp upward and downward movements triggered by, for instance, something Federal Reserve Chair Janet Yellen said or a negative report by Goldman Sachs. It looks as if gold will stay in the $1,300/oz range for a little while. We'll see which way it breaks out. We believe it's going to break out on the upside. Douglass Loud: Gold had been running up for a while, and every so often investors want to take some money off the table. TGR: How high do you believe gold will go?"We like North American Nickel Inc.'s Maniitsoq nickel sulfide project in Greenland.


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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.

Investing

Catalyst Check: Updating the Progress of Energy Stocks

Energy TER: Keith, at our Vancouver roundtable you said you look for pure plays with leverage, and a great team that has built and sold a company before. With that said, you named four companies—two service companies and two producers—for the Watchlist portfolio. These companies had pending catalysts and upside potential. One of your names, rdx Technologies Corp. (RDX:TSX.V), had two pending catalysts.

Stock News

Company Update (NYSE:BLK): BlackRock Statement on Money Market Fund Reform

Financial [at noodls] - NEW YORK--(BUSINESS WIRE)--Jul. 23, 2014-- "BlackRock supports the SEC's efforts to improve the resiliency of U.S. money market funds during times of stress and appreciates the thoughtful, deliberate ... Read more on this. BlackRock, Inc. (BLK), valued at $53.30B, opened this morning at $320.00.   Shares have traded today between $316.50 and $320.00 per share and has traded between $257.19 and $331.90 over the past 12 months.   BLK shares are currently priced at 16.69x this year's forecasted earnings, which makes them relatively inexpensive compared to the industry's 18.14x forward p/e ratio.   The company pays shareholders $7.72 per share annually in dividends, yielding 2.40%.   Consensus earnings for the current quarter by the 20 sell-side analysts covering the stock is an estimate of $4.71 per share, which would be $0.83 better than the year-ago quarter and a $0.11 sequential increase.


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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.

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.