Read ‘And So It Begins, Gold/Silver, Marc Faber, Q&A Beta Test‘, e-mailed today to StockResearchPortal.com Subscribers.  The e-mail:

• discusses the 81.5% affirmative vote by the U.S. Congress yesterday when it passed legislation (that requires U.S. Senate ratification which is not expected this year, if ever) aimed at what the U.S. Government (or at least the Congress) sees as China’s unfair currency exchange policies;

• discusses and links to an article titled ‘Staying the Course in Gold and Silver’, which is – for a change – what appears to be a balanced article on gold, silver, and gold and silver exploration and mining companies;

• provides a link to a Marc Faber (publisher of the Doom, Gloom and Boom Blog) interview;

• provides a further opportunity to register for StockResearchPortal.com’s upcoming Question and Answer Forums Beta Test – register here; and,

• a discussion of the ‘Investment Portfolio’ feature offered by StockResearchPortal.com.  This feature enables website Subscribers to create an Investment Portfolio, a separate Trading Portfolio, and a separate ‘Watched Stocks’ Porfolio of Companies in the StockResearchPortal.com ‘Company Universe’. Each of the three Portfolio Types on each trading day shows updated price and volume changes and data, shareholding liquidity tests, and convenient links to insider trades, news, etc.

In part, the e-mail reads:

“And So It Begins

Articles late yesterday report that by a vote of 348 to 79 (81.5% affirmative) the U.S. Congress passed legislation aimed at penalizing China for its foreign exchange practices.  In the view of the U.S. Politicians China artificially maintains policies that result in the undervaluation of the Chinese Yuan measured against the U.S.$.  The U.S. contention is that this in part resulting in the monthly net trade deficits continuously incurred by the U.S. (currently running at approximately U.S.$40 billion per month, with net cumulative total trade deficits of U.S.$7.5 trillion at December, 2009 – up from U.S.$ 2.0 trillion at December, 1999).  I have little doubt the Yuan/U.S.$ exchange rate does influence the quantum of the U.S. trade deficits, although I suspect not as much as the U.S. Administration would have one believe – which I suspect is a hobbyhorse U.S. politicians ride in part to impress the U.S. populace, and have been doing so lately in a big way in the face of the upcoming November 2 elections.  In any event, if the bill passes the Senate, which pundits think is unlikely to happen in 2010 if ever, the U.S. could levy tariffs on countries (read China) that the U.S. Government believes undervalue their currencies.

I think the passing of this legislation yesterday is a very important event that follows from increased commentary and momentum over the past few weeks with respect to the Yuan/U.S.$ exchange rate – see my September 17, September 20, and September 21 e-mails that discuss this issue.  I titled this commentary ‘And So It Begins’ because whatever happens in the Senate, as I see it the ‘U.S. Protectionism and Tariffs Threat Gauntlet’ – which until now has been talked about but not really acted on – to some degree now has been thrown.  I think it virtually certain …..” – to continue reading click here

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Today we invited StockResearchPortal.com Subscribers to participate in a beta test of a new Question & Answer Forums feature we are about to launch.  Suggested by a StockResearchPortal.com Subscriber, these Forums are significantly different from other Resource Discussion Forums we are familiar with – in that they are structured to encourage Resource Company-Specific and educational (e.g. investment and macro-economic) posts of high and consistent quality, where Posters to our Forums, including those who participate in our Beta Test:

• must be registered Subscribers to StockResearchPortal.com;

• can only post if they use their ‘real names’; and,

• must disclose their specific involvement with any company about whom they either ask a question, give an answer, or supplement an answer.

Our Beta Test will run from October 15 – November 30. Beta Test participants will receive registration and Forum use instructions before the beginning of the Beta Test.

If a reader of this Post is a Subscriber to StockResearchPortal.com or becomes one they can register to participate in our Beta Test by clicking here.

Readers also can ask questions about our Beta Test, including getting assistance to register for it, by writing to pleaman@srddi.com.

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Read ‘Capital Goods Orders/U.S. Jobs‘, e-mailed today to StockResearchPortal.com Subscribers.  The e-mail:

• discusses the a recent U.S. Capital Goods Order statistic in the context of U.S. Jobs – which Jobs were not addressed in the article; and,

• outlines the systematically organized research featured for each Company in StockResearchPortal.com’s ‘Company Universe’. This research currently covers over 35 data components for each company, including Insider Trading Data, Price Performance and Volatility Charts, Segregated Press Release Tables, and Expert Commentary. All in all we believe 18 of our data components can’t be found elsewhere, and that another 10 are difficult to find on the Internet. Our ongoing objective is to make the time our Subscribers spend researching resource companies on the Internet ever more efficient and thorough. To that end, in coming months we will be introducing a number of additional ‘company data components’ to our website.

In part, the e-mail reads:

“Capital Goods Orders/U.S. Jobs

A three paragraph article Saturday titled ‘Capex Remains Very Strong‘ says, without any apparent ‘real analysis’, that any concerns about a ‘double-dip’ recession in the U.S. have been ‘snuffed out’ because (1) U.S. Capital Goods Orders rose 4.1% in August, (2) July’s U.S. Capital Goods Orders numbers were revised upward by 3%, and (3) U.S. Capital Goods Orders over the past six months are running at an annual rate of 23%.  I wrote the following comment, which I suggest you read and think about carefully:

In my view the author’s conclusion is far too simplistic. In order to reach any meaningful conclusion I suggest the capital orders would need to be analyzed in detail. At one extreme, if those orders were all for plant equipment that resulted in meaningful long term manufacturing jobs being added, then I would agree with the author. At the other extreme, if those orders were all for plant equipment that comprised 100% automated ‘improved technology and productivity’ that would result in further U.S. manufacturing job losses, not gains. I have not seen such an analysis, but I am confident based on ongoing personal involvement with capital equipment producers and buyers that capital orders are skewed …..” – to continue reading click here

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Read ‘Gold Confiscation?, September 23  Gold Survey‘, e-mailed today to StockResearchPortal.com Subscribers.  The e-mail:

• discusses the possibility of confiscation of physical gold by the U.S. Government which would be repeat performance – which would, at least from a possible confiscation point of view – of what happened in 1933;

• reports the results of the ‘Gold Hold/Sell Survey’ sent to StockResearchPortal.com Subscribers on September 23; and,

• a discussion of the ‘My Trading Portfolio’ feature offered by StockResearchPortal.com, a feature we think ought to be of serious interest to all Resource Equity Investors and Traders.

In part, the e-mail reads:

“Gold Confiscation?

The question of whether the U.S. Government would ever confiscate physical gold as it did in 1933 is a topic that periodically ‘rears its ugly head’.  My own view is that while anything is possible, I think for at least the following three reasons such a thing is far less likely in the current environment than it was in the 1933 environment:

• first, in 1933 the price of gold was government dictated, and the U.S. government was able to confiscate gold at $20 per ounce, and immediately reprice it at $35 per ounce – resulting in an immediate devaluation of its debt where that devaluation was meaningful to the U.S. in ‘quantum terms’;

• second, currently the open market gold price (subject of course, to the ‘manipulation theorists’ view of things) is something neither the U.S. or any other government can unilaterally dictate; and,

• third, there isn’t enough space available in U.S. Jails to incarcerate (which was threatened in 1933 for those who ‘did not turn their gold in’) all those who commit heinous crimes, let alone (for example) an acquaintance of mine who lives in the Southern U.S. who told me a few months ago he had bought ‘Canadian Gold’ in the form of Canadian Maple Leafs because he thought the U.S. Government could not confiscate ‘Canadian Gold’ …..” – to continue reading click here
  

To read two articles on the subject, click on their respective titles (1) ‘Gold Bulls Needn’t Fear Noise About Government Confiscating Gold‘, and (2) ‘Gold Confiscation Nonsense, How Some Gold Dealers Rip You Off‘.

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