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China Wants Your Resources

Posted by smithpaul on January 30th, 2013

George Leong wrote - In somewhat of a surprise move, the Canadian government allowed the $15.1-billion takeover of Canada-based Nexen Inc. (NYSE/NXY) by CNOOC Limited (NYSE/CEO) to go through. Initially, it was thought that Canadian regulators and the government would axe the deal, citing the security concerns of a takeover of oil reserves by the Chinese government-controlled CNOOC. Canada has rejected takeover bids from Chinese companies in the past, citing the need to safeguard its mineral and energy resources.

Michael Lombardi wrote - America’s high unemployment rate could be the biggest hurdle faced by the U.S. economy today. Millions of Americans are still unemployed and are unable to find jobs thanks to the credit crisis of 2008.

Biggest Ponzi Scheme
http://www.biggestponzischeme.com
Dear Fellow Citizen:

My name is George Leong, and I’m writing to you today about a threat to the United States that is bigger than any threat I’ve ever witnessed.

This threat is so big; it could quickly bring the United States to its knees and transform this once-mighty nation into a third-world country.

Just how big is this threat?

Michael Lombardi wrote - It’s Sir John Templeton, a famous investment pioneer, who said, “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” (Source: Sir John Templeton.org, last accessed January 10, 2013.)

Michael Lombardi wrote - In the past few weeks, there has been an influx of negative news about gold prices. News headlines vary, but, at the end of the day, it seems they all are against the yellow metal.

2013 Could Be Another Big Year for Banks

Posted by smithpaul on January 18th, 2013

George Leong wrote - The major bank stocks all closed off 2012 near their respective 52-week highs. An upside break appears to be in the works, as the banking industry continues to assume less risky businesses, while shoring up their balance sheets and producing stronger units.

High Risk to Start the New Year

Posted by smithpaul on January 16th, 2013

Happy New Year to our Profit Confidential readers!

George Leong wrote - In 2012, small-cap stocks were the second-best performing group, following the technology sector. The Russell 2000 was the top performer in December and has been since the end of the first quarter. How the small-caps fare this year will, again, depend on the global economy.

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