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State Of The Exchange-Traded Fund (ETF) Market

Thu, 01 Oct 2009 13:20:28 GMT

Many of my clients and readers understand my general preference for exchange-traded funds (ETFs) over mutual funds.* It isn’t that I doubt the ability of any active mutual fund managers to outperform their benchmarks—plenty of them do.[More...]

Growing Your Own Hedge Fund

Mon, 22 Jun 2009 03:53:12 GMT

I've always been a fan of what are now called "alternative investments" and never really cared as much for "generic index style equities", although I have owned them of course. Property, commodities, gold and higher yield instruments were always more interesting to me once I began to understand how imbedded inflation really was in the modern world. Now that I am retired and living on my money, my "business" is to generate income as a goal more important than capital gains. Increasingly I am working on the great divide between tax-deferred and taxable accounts in the US, now and for the future. Perhaps we should call them "totally taxable" and "partly taxable" accounts since every penny one takes out of the IRA or 401K is taxable while only gains and dividends and interest are taxable from the taxable accounts. To take gold as an example, I'll want to own gold and[More...]

Will Ownership Of Gold & Silver Wheaton (NYSE: SLW) Be Outlawed?

Thu, 04 Jun 2009 11:54:42 GMT

Before you ask the inevitable question “Have you lost your mind?” let me reveal the “method of my madness”. There are a growing number of people including some level-headed analysts who have publicly wondered whether it was possible that the private ownership of physical gold might be outlawed in the United States. Many would say that the likelihood of that in the land of democracy and The Constitution is virtually zero. That is what I’d like to believe as well, especially if I were more “historically naive”. But, history does tell us that the US government, in the days of a fixed gold price, did intervene in a very direct manner with President F.D. Roosevelt banning the “hoarding of gold coin, gold bullion, and gold certificates” and thus forcing US citizens to sell to Federal Reserve at $20 an ounce. Subsequently the Fed raised the price of gold to $35 an ounce, and the ownership of gold was literally outlawed up to around 1971.[More...]

Gold And Silver Defy The Selling Season

Sun, 17 May 2009 17:53:53 GMT

We've passed the midpoint in May and gold closed above $930 on Friday May 15th. This could be hugely significant and should give all prudent investors pause for thought.[More...]

Risk Analysis Of Portfolio - 2009 1Q

Tue, 05 May 2009 01:23:13 GMT

Last week, I presented an update on the quarterly performance of my overall portfolio (this includes my index funds, opportunity portfolio, and dividend portfolio). Here I am discussing the quarterly risk analysis. My objective here to make sure I am continuing to following my risk management process. Maintain pre-determined asset class allocation; Maintain pre-determined diversification (any sector should not exceed 10%);[More...]

The Future Of Infrastructure

Mon, 23 Mar 2009 13:20:00 GMT

In this weekend's video I did a brief recap of my time with the Macquarie Infrastructure Trust (MIC) and what has happened with a couple of their CEFs in this bear market. A reader asked how should the infrastructure theme be accessed given how badly the Macquarie products have done. The reader presumes that the theme is worth allocating to and I agree. There are several ETFs but they each target different areas[More...]

Why Gold Bulls Shouldn't Buy Gold Stocks

Sun, 22 Mar 2009 18:43:10 GMT

In light of the recent stories of hedge funds piling into gold and gold related plays (see this and this), I am still shaking my head over the fact that investors were buying gold stocks instead of gold and other inflation hedge vehicles. Maybe the purchase of gold stocks was justified by the analysis of the history of the PHLX Gold & Silver Index (XAU) to gold ratio, which is near all-time lows: [More...]

Four Reasons Stocks Are Up and Gold May Go Down

Fri, 13 Mar 2009 16:25:00 GMT

Many believe that that the "bull market" might have begun to come out of its comatose state. As I write it is Thursday, 1pm EST and the Dow is up 149 points to 7,079 and the S&P 500 is up 17 points to 738. This is the third day in a row the market averages are in positive territory.[More...]

January 26, 2009: Income Funds - The Audacity of Hope

Mon, 26 Jan 2009 03:15:00 GMT

I have been looking at (and investing in a few) income-related funds in addition to current ETF bond and preferred/higher yield securities throwing off income within my portfolio. A regular stream of e-mails to me from readers on these and similar investments indicate a logical interest towards obtaining maximum interest while preserving capital. An overlooked series of income-oriented ETFs are marketed under the RevenueShares banner run by Vincent T. Lowry (CEO of VTL), an experienced handler with over eighteen years of experience in the business. He has been running the show at VTL since 2004. The six current funds in his batch include the RevenueShares Large Cap Fund (RWV), RevenueShares Mid Cap Fund (RWK), RevenueShares Small Cap Fund (RWJ), RevenueShares Financials Sector Fund (RWW), RevenueShares ADR Fund (RTR) and the latest, RevenueShares' Navellier Overall A-100 Fund (RWV). As stated in their promo (www.revenuesharesetfs.com), RevenueShares "is[More...]

Re-balancing For 2009

Mon, 12 Jan 2009 01:16:00 GMT

My first of the year rebalancing/repositioning is done. I haven't really made a lot of changes, but have consolidated and/or eliminated some smallish positions to keep it simpler. Bear in mind that my main goal these days is relative safety and fairly steady income with inflation protection for the future. I have both tax-deferred accounts and taxable accounts In tax-deferred accounts my goal is to generate income within them sufficient to fund IRS "Required Minimum Distributions" (RMD) which are based upon life expectancy. The IRS guarantees (to themselves) that everything in them **will be taxed**. Since taxes are quite likely to rise, I have little desire to increase the total value per se of such funds at this stage. All gains are taxed the same as income, and the IRS is a full partner. So income with some inflation protection is[More...]

Central Fund of Canada Limited Enters Into Underwriting Agreement

Tue, 10 Nov 2009 13:46:00 GMT

Central Fund of Canada Limited ("Central Fund") (TSX: CEF.A)(TSX: CEF.U)(NYSE Amex: CEF) of Calgary, Alberta announced today that it has entered into an underwriting agreement with a syndicate of underwriters (the "Underwriters") led by CIBC, under which the Underwriters have agreed to buy and sell to the public, in Canada (except Quebec) and in the United States under the multijurisdictional disclosure system, 15,500,000 Class A Shares of Central Fund.
The offering will be made under a prospectus supplement to Central Fund's U.S.$1,000,000,000 base shelf prospectus dated September 8, 2009.
Any additional capital raised by this offering is expected to assist in reducing the annual expense ratio in favour of the Shareholders of Central Fund.

[More...]

Central Fund Files Base Shelf Prospectus

Mon, 31 Aug 2009 21:55:00 GMT

Central Fund of Canada Limited ("Central Fund") (TSX: CEF.A)(TSX: CEF.U)(NYSE Amex: CEF) of Calgary, Alberta is pleased to announce that it has filed a preliminary base shelf prospectus (the "Prospectus") with the securities commissions in each of the provinces and territories of Canada, except Quebec, and a registration statement with the United States Securities and Exchange Commission.
Central Fund does not presently foresee authorizing an immediate Class A Share issue.
The purpose of the filing of the Prospectus is to enable greater efficiency for Class A Share offerings in the future when conditions for issuances of Class A Shares may be considered as favorable for existing Shareholders and new subscribers.

[More...]

Central Fund Closes U.S.$128,520,000 Class A Share Issue - CCN

Fri, 26 Sep 2008 12:29:00 GMT

- Central Fund of Canada Limited of Calgary, Alberta is pleased to announce that it has completed the sale of 11,900,000 Class A Shares of Central Fund at a price of U.S.$10.80 to CIBC World Markets Inc. , raising total gross proceeds of U.S.$128,520,000. The Class A Shares offered were primarily sold to investors in Canada and in the United States under the multijurisdictional disclosure system.[More...]

Central Fund Closes U.S.$128,520,000 Class A Share Issue - Market Wire

Fri, 26 Sep 2008 12:28:00 GMT

TORONTO, ONTARIO -- -- 09/26/08 -- Central Fund of Canada Limited of Calgary, Alberta is pleased to announce that it has completed the sale of 11,900,000 Class A Shares of Central Fund at a price of U.S.$10.80 to CIBC World Markets Inc. , raising total gross proceeds of U.S.$128,520,000. The Class A Shares offered were primarily sold to investors in Canada and in the United States under the multijurisdictional disclosure system.[More...]

Central Fund Enters Underwriting Agreement - Market Wire - Sep 23 2008 9:47AM

Tue, 23 Sep 2008 13:24:00 GMT

TORONTO, ONTARIO -- -- 09/23/08 -- Central Fund of Canada Limited of Calgary, Alberta announced today that it has entered into an underwriting agreement with CIBC World Markets Inc. under which the underwriter has agreed to buy and sell to the public, in Canada and in the United States under the multijurisdictional disclosure system, 11,900,000 Class A Shares of Central Fund. The offering will be made under a second prospectus supplement to Central Fund's US$750,000,000 base shelf prospectus dated March 31, 2008.[More...]

Central Fund Announces Proposed Offering - Sep 22 2008 4:20PM

Mon, 22 Sep 2008 19:57:00 GMT

- Central Fund of Canada Limited of Calgary, Alberta announced today that it plans to offer Class A Shares of Central Fund to the public in Canada and the United States under its existing US$750,000,000 base shelf prospectus dated March 31, 2008 and filed with the securities commissions in each of the provinces and territories of Canada, except Quebec, and under the multijurisdictional disclosure system in the United States pursuant to a proposed underwritten offering by CIBC World Markets Inc. Central Fund will only proceed with the offering if it is non-dilutive to the net asset value of the Class A Shares owned by existing shareholders of Central Fund.[More...]

Central Fund Announces Proposed Offering - Sep 22 2008 4:20PM

Mon, 22 Sep 2008 19:57:00 GMT

TORONTO, ONTARIO -- -- 09/22/08 -- Central Fund of Canada Limited of Calgary, Alberta announced today that it plans to offer Class A Shares of Central Fund to the public in Canada and the United States under its existing US$750,000,000 base shelf prospectus dated March 31, 2008 and filed with the securities commissions in each of the provinces and territories of Canada, except Quebec, and under the multijurisdictional disclosure system in the United States pursuant to a proposed underwritten offering by CIBC World Markets Inc. Central Fund will only proceed with the offering if it is non-dilutive to the net asset value of the Class A Shares owned by existing shareholders of Central Fund.[More...]

Analyst Reports for Eldorado Gold Corporation, Central Fund of Canada Limited, Minefinders Corporation Ltd and Fronteer Development Group Inc.

Tue, 19 Aug 2008 17:08:00 GMT

MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world.
Investors seeking genuine analyst opinions on their investments for Eldorado Gold Corporation (AMEX: EGO), Central Fund of Canada Limited (AMEX: CEF), Minefinders Corporation Ltd. (AMEX: MFN), and Fronteer Development Group Inc. (AMEX: FRG) should take this opportunity to get free in-depth research by signing up for a free membership at www.maybachfinancial.com.
Margin changes, specifically operating, gross, and then net -- Pace and quality of top line growth -- Ability to generate cash -- Pace and quality of the bottom line growth -- Market share gains -- Innovation/pipeline -- Corporate governance -- Management's ability to operate in unfavorable environments -- Ability of management to control acquisitive growth and achieve accretive results

[More...]

Revised Analyst Reports for Central Fund of Canada Limited, Global BPO Services Corporation, Marathon Acquisition Corp., And Contango Oil &Amp; Gas Company

Thu, 24 Jul 2008 17:02:00 GMT

MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world.
Investors seeking genuine analyst opinions on their investments for Central Fund of Canada Limited (AMEX: CEF), Global BPO Services Corporation (AMEX: OOO), Marathon Acquisition Corp. (AMEX: MAQ), and Contango Oil & Gas Company (AMEX: MCF) should take this opportunity to get free in-depth research by signing up for a free membership at www.maybachfinancial.com.
Margin changes, specifically operating, gross, and then net -- Pace and quality of top line growth -- Ability to generate cash -- Pace and quality of the bottom line growth -- Market share gains -- Innovation/pipeline -- Corporate governance -- Management's ability to operate in unfavorable environments -- Ability of management to control acquisitive growth and achieve accretive results

[More...]

Central Fund Closes U.S.$150,052,500 Class A Share Issue - CCN

Tue, 22 Jul 2008 12:58:00 GMT

- Central Fund of Canada Limited of Calgary, Alberta is pleased to announce that it has completed the sale of 11,115,000 Class A Shares of Central Fund at a price of U.S.$13.50 to CIBC World Markets Inc. , raising total gross proceeds of U.S.$150,052,500.00. The Class A Shares offered were primarily sold to investors in Canada and in the United States under the multijurisdictional disclosure system.[More...]

: iStockAnalyst.com Symbols Feed

State Of The Exchange-Traded Fund (ETF) Market

Growing Your Own Hedge Fund

Will Ownership Of Gold & Silver Wheaton (NYSE: SLW) Be Outlawed?

Gold And Silver Defy The Selling Season

Risk Analysis Of Portfolio - 2009 1Q

The Future Of Infrastructure

Why Gold Bulls Shouldn't Buy Gold Stocks

Four Reasons Stocks Are Up and Gold May Go Down

January 26, 2009: Income Funds - The Audacity of Hope

Re-balancing For 2009

Central Fund of Canada Limited Enters Into Underwriting Agreement

Central Fund Files Base Shelf Prospectus

Central Fund Closes U.S.$128,520,000 Class A Share Issue - CCN

Central Fund Closes U.S.$128,520,000 Class A Share Issue - Market Wire

Central Fund Enters Underwriting Agreement - Market Wire - Sep 23 2008 9:47AM

Central Fund Announces Proposed Offering - Sep 22 2008 4:20PM

Central Fund Announces Proposed Offering - Sep 22 2008 4:20PM

Analyst Reports for Eldorado Gold Corporation, Central Fund of Canada Limited, Minefinders Corporation Ltd and Fronteer Development Group Inc.

*Revised* Analyst Reports for Central Fund of Canada Limited, Global BPO Services Corporation, Marathon Acquisition Corp., And Contango Oil &Amp; Gas Company

Central Fund Closes U.S.$150,052,500 Class A Share Issue - CCN

Revised Analyst Reports for Central Fund of Canada Limited, Global BPO Services Corporation, Marathon Acquisition Corp., And Contango Oil &Amp; Gas Company