A very helpful reminder of 10 timeless investor rules is offered in the following charts and article see Visualizing Bob Farrell’s 10 investor rules:

They did it!

Last week something major happened off the coast of Japan…

Nearly 1,000 feet below the seabed, Japanese engineers successfully accomplished something that has the potential to turn this resource-poor island nation into a world leader in fossil fuel production.

After hundreds of millions of dollars and more than a decade of research and testing, Japan has officially extracted natural gas from underwater deposits of methane hydrate.

I know that doesn’t sound very exciting — but bear with me, because this event has officially marked the beginning of a new energy revolution that could actually be bigger than fracking!

Let me repeat that: bigger than fracking.

Flammable Ice

According to a 2010 International Energy Agency report, it’s estimated methane hydrates — also known as “flammable ice,” because it’s essentially a frozen gas — contain almost twice as much energy as all the world’s resources of gas, oil, and coal combined.

Let that sink in for a moment…

…..read more HERE

“People will be hurt over this decision; some shall be killed.”

Dennis Gartman focused on what he referred to as a “Theft” of depositors money in Cyprus:

“There is no question but upon whom the decision by the Cypriot government noted at length above is going to fall most heavily: Russian oligarchs; Russian government officials and Russian criminals.”

“Cyprus has been their own private Switzerland for many years. Legal and non-legal Russian cash has swamped the banking system in Cyprus since the early 90’s. The beauty of the island; the ease of admission too and exit from the island via boat or plane; the secrecy of the banking laws; the warm Mediterranean climate and the ease of which Cypriot authorities could be bribed and bought all worked to make Cyprus the center of Russian capital flight.”

…..

“The Russians… legal and illegal… loved Cyprus for the reasons noted above, not the least of which was the tiny 4% corporate tax rate there. Who would not like that rate? It attracted money relentlessly, with the Russians leading the way. Criminal money especially was attracted to the secrecy laws, sending money to the island to have it “washed” and then either left there on deposit, or returned to other banking centers for “investment” abroad, but “washed” thoroughly and made nearly impossible to be followed and tracked. It was an enterprise that worked to the benefit of the Cypriot government and to the Russians, despite the comment by the new President, Mr. Anastasiades, that Cyprus was and is “not complacent about money laundering.”

…..

“One could only laugh as such a comment; of course Cyprus was complacent about laundering. To think otherwise was and is naïve. Ah, but now you’ve stolen Russia money… or soon shall depending upon the vote in the Cypriot parliament… and that is dangerous… very. One does not steal Russian mafia money and get away with it. There are fewer statements of fact that are more certain, more factual, more unyielding than this statement. Russian Mafia figures do not take well to being stolen from, and they take even less well to be made fools of. We see no reason to mince words at this point: People will be hurt over this decision; some shall be killed.”

About Dennis Gartman & The Gartman Letter

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