The Warriors Have A 93 Percent Chance Of Hitting 73 Wins

With one game to go, the Golden State Warriors are 72-9, and having given San Antonio its first home loss of the season on Sunday night, they now have a 93 percent chance to overtake Michael Jordan’s 1995-96 Bulls for the best regular-season record in NBA history.Ahead of Sunday’s game, our CARM-Elo ratings gave Golden State a 31 percent chance to beat San Antonio. And through one quarter, the Warriors had just 14 points. But Stephen Curry, instead of his usual barrage from deep, took the ball inside and scored 37 points on 22 shots, including a number of ridiculous floaters, pull-ups and finger-rolls. (Curry also hit a 60-odd-footer at the end of the third quarter that was waved off.) The game remained close for most of the night, but Golden State pulled away about midway through the fourth quarter, when the Spurs scored just 4 points in a crucial three-and-a-half-minute run.The Warriors’ Saturday game against the Memphis Grizzlies was a little more dramatic, requiring a late tip-in from Draymond Green and two even later misses from Lance Stephenson, one of which was close enough to a foul that the league office was compelled to adjudicate the decision the following day. (The call was good.)As for the matchup between San Antonio and Golden State, it’s hard to say exactly what was going on. In four games against the Warriors this season, the Spurs have been awful around the rim (50.0 percent within 10 feet; 58.7 percent for the season) and forced deep into the shot clock far more often than usual (10.5 shots per game with four seconds or less on the shot clock; 6.8 regularly), which is always a bad sign. Worse yet, the number of “wide-open” looks from three with the nearest defender six or more feet away dropped from 8.3 shots per game to 5.5.San Antonio also shot just 36 percent on shots taken off of one or two dribbles — generally step-ins and quick drives from the perimeter or moves to the basket from the free-throw line or the high post — against 43.8 percent overall. The team is taking about four more of those one- and two-dribble shots per game, which usually isn’t a great sign, since they’re often counter-moves when the first look isn’t clean.Then again, it’s only been four games. For San Antonio, the hope will be that Tim Duncan and Boris Diaw, neither of whom played Sunday, will make up some of the difference. The Spurs are +5.6 points per 100 possessions with Diaw on the floor against the Warriors this season and -19.3 per 100 without him.Wednesday’s game against Memphis will be in Oakland and will come on two days’ rest for the Warriors, while the Grizzlies will be on the back-end of a back-to-back. We’ve seen these Warriors blow games with similar advantages in the past few weeks — they were 96 percent favorites to beat the Timberwolves, remember — but we’re likely to see the best the Warriors have, with one game to play to take sole ownership of one of the NBA’s most iconic records.Jay Boice contributed research.Check out our latest NBA predictions. read more

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Hersheys Foray Into 3D Printing Could Allow You to Be Your Own

first_img Opinions expressed by Entrepreneur contributors are their own. Growing a business sometimes requires thinking outside the box. 2 min read January 20, 2014 Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Why visit a chocolate factory when you can print candy in your own home? That dream may become a reality now that Hershey is partnering with 3D Systems, a 3-D printing technology company, to develop 3-D printing methods that can be used to make chocolate confections.”Whether it’s creating a whole new form of candy or developing a new way to produce it, we embrace new technologies such as 3-D printing as a way to keep moving our timeless confectionery treats into the future,” William Papa, Hershey’s head of research and development, said in a statement.There is no indication yet as to when the multi-year agreement may bear fruit, and financial terms were not disclosed. But Pennsylvania-based Hershey, with revenues of $6.6 billion, has the size and influence to drive major growth in 3-D printing. Analysts at research firm Gartner have predicted that the number of 3-D printers in consumer hands will double this year.3D Systems unveiled a 3-D chocolate printer at the Consumer Electronics Expo last week, along with a printer for edible sugar. But those devices, which will reportedly be available later this year and will cost several thousand dollars, are intended only for use in bakeries and other professional settings.3D Systems sees expansion into edible products as a way to mainstream 3-D printing technology, according to the statement. A company spokesman told The Wall Street Journal that 3D Systems intends to bring the technology to consumers rather than keeping it solely for commercial use. That means that individuals could print sweets for themselves instead of the sort of thermoplastic trinkets that currently represent what is achievable with 3-D printers in the popular imagination.Related: Photoshop’s Latest Feature: 3-D Printing Capability Register Now »last_img read more

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US streaming and rental service Netflix has renewe

first_imgUS streaming and rental service Netflix has renewed its programming deal with US network ABC.The agreement, inked with ABC Television Group, allows Netflix to offer new and library shows from the network’s content arm, including every episode of Desperate Housewives, Grey’s Anatomy, Lost and Ugly Betty. It will also offer kids series from Disney Channel including Phineas and Ferb and Hannah Montana.New and upcoming series in the deal include ABC Family’s Switched at Birth. 
”The diverse but always excellent programming from the different channels and networks are favorites of our members and we are thrilled to broaden the scope and extend the terms or our relationship,” said Ted Sarandos, chief content officer, Netflix.last_img

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What these 3 indicators mean for gold… Lo

first_img What these 3 indicators mean for gold… Louis James, our Senior Investment Strategist, just released a compelling presentation about gold… He shares 3 major reasons why gold is on the verge of a historic rally, and the single best way to play the coming mania for potential gains of 5-to-1, 10-to-1, and perhaps even an extraordinary 50-to-1 over time… Click here for Louis’s research. — Recommended Links – Editor’s Note: If you’ve been reading the Dispatch, you know Casey Research founder Doug Casey believes we’re at the start of a gold “mania.” In the coming years, he expects certain gold stocks to rise 500%, 1,000%, 2,000%, or more. In Friday’s Dispatch, our gold stock guru Louis James explained how he finds gold stocks with huge upside potential. Today, Louis concludes his educational essay with key advice on maximizing your gains in gold stocks… The Dispatch will return to its regular format tomorrow. Here’s how to make volatility your friend: buy low and sell high. That’s easier said than done. To make it work, you have to be a contrarian investor. That means backing up the truck for stuff no one else wants. It may be a cliché, but it’s true: the best time to buy is when there’s blood in the streets. And the time to sell is when everyone else piles in to the market you knew would go up. Of course, this only applies to investments that have value. Buying after the pet rock market crashed in the 1970s was not a great move. But buying copper when it fell below the cost of production in 2001 was. The world still needed copper then, needs it now, and will need it in the future. In an ideal world—or at least one in which we are immortal—disciplined contrarians could amass limitless fortunes. All they’d have to do is buy necessary goods after total market meltdowns and sell when the masses pile in. Unfortunately, these cycles can last ten or twenty years. That’s well beyond the patience of most investors. Enter our friend: market volatility. Economists like to imagine that markets are rational. Experience tells us otherwise. Markets are often more volatile than pure theory predicts. Resource markets, and precious metals markets in particular, are among the most volatile. Markets are made of masses of individuals, each with his or her own beliefs, fears and needs. They don’t always make the same decisions, but sometimes large groups fail to value assets accurately. Frequently, painful experiences cause investors to exit an asset class en masse. This results in an oversold market. That means that the average company in that market is selling for less than it’s worth. The opposite is true in an overbought market. Such market momentum is, frankly, stupid. But it’s real. And it often happens many times within larger mega-cycles. Whenever it appears, it’s an opportunity for contrarians. But even such intra-cycle momentum can last years. Enter our best friend: extreme volatility. Most juniors trade on very little volume. When a company has fewer than 50 million shares outstanding, investors might trade fewer than 100,000 shares each day. Some companies trade fewer than 10,000 shares a day. The low volume results in frequent extreme volatility. That creates frequent contrarian opportunities… It’s gut wrenching until you get used to it. Shares in a solid junior with great management, cash in the bank, and a major new discovery unfolding can drop 20-30% just because a large shareholder facing a margin call is forced to sell. They can also soar 20-30% because of a spectacular drill hole. If you missed the bottom of a mega-cycle, or even the current market momentum trend, don’t worry. The extreme volatility of juniors often creates last-minute buying opportunities for the savvy speculator. This is great news for investors late to the game. It’s even better news for those who’ve been paying attention and have a shopping list of great stocks ready. There’s always a contrarian opportunity somewhere, whether it’s long or short. When to Buy Juniors? Obviously, the best time to buy junior gold stocks is when nobody else wants them…but there’s more to it than that. Start by asking yourself what kind of speculator you are. Then pinpoint the market trends you truly believe in. These may seem like abstract ideas, but they are absolutely essential. Consider… If you are cautious by nature, but you believe that gold will rise over the coming years, then focusing on profitable producers is your sweet spot. If you’re keen to maximize gains and willing to take higher risks, early-stage gold explorers are the way to go. If you’re somewhere in between, like most people, advanced explorers moving known discoveries towards production offer high returns with reasonable risk. If you think silver has more upside than gold, replace “gold” with “silver” in the checklist above. Even the largest and most stable mining companies in the world are more volatile than most investors are used to. The underlying commodities themselves are so variable that standard securities analysis just doesn’t apply. You need to understand why you place the bets you do. If the stock drops despite the company delivering the goods, you need to be so sure of your premise that you don’t panic and sell (at exactly the wrong time). This level of discipline is only possible if you are certain in your reasoning and your picks are sound. Even then, it’s hard. If it were easy, everyone would do it and there’d be no profit in it. That’s why you have to start with a little soul-searching. Clarity brings confidence. Confidence enables discipline. Discipline is essential for success as a speculator. You’ll Be SHOCKED if You Haven’t Seen This… If you haven’t seen this raw footage yet, we’re not sure why. In fact, we’d be shocked if you haven’t at least heard about it. That said, it is simply too important for you to miss. So just to be 100% sure you have a chance to see it… Please click here to view it now. Buying in Tranches One more thing on when to buy… Even when all the stars align, and you’re sure you’ve found a great pick, do not buy all of your shares at once. Buy in “tranches.” When you first decide to buy, buy a fraction of your ideal position. We recommend 20%. If the stock happens to take off for the moon the next day, at least you’ll have a stake. You’ll record a win, even if it’s not as large as you’d hoped. A win is still a win. We discourage investors from going all in because markets fluctuate—the juniors market more so than almost any other. Having a stock take off the day after you buy is so rare that it makes no sense to give it much thought. Instead, expect the stock to dip at some point after you buy. Then buy a second tranche. We recommend another 20%. This way, you end up with 40% of your ideal position at a lower average price than if you’d bought all 40% at once. This increases your upside on a much more substantial position. Then hold tight. If the company delivers, you’ll bag a nice win. On the other hand, if the company keeps delivering but the market suffers a major correction, the shares will likely drop to stupid-cheap prices. That’s the time for a speculator pounce with gusto, preferably on a day when the market is off sharply. This is when you place a “stink bid”—an order well below the current market price—for the other 60% you’ve been waiting to buy. Now you’ve filled your ideal position at a huge discount to the price you liked in the first place. Note that this is different from averaging down on a company that fails in some way. We don’t give failing companies a second chance to cost us money. The idea is to build a position in a company that is creating value for shareholders, even if—especially if—other shareholders don’t see it at the time. And then, come payday, you reverse the process. Sell in tranches when everyone else is buying. We take profits whenever a stock doubles for the first time. We call this a Casey Free Ride. After recovering your initial investment like this, you ride whatever upside is left, 100% risk-free. Nothing beats speculating when you can’t lose. When the people who told you that you were crazy for buying gold juniors jump on the bandwagon, it’s time to head for the exit. That’s how you buy low and sell high. A Question of Courage Speculating takes courage. If you start as we suggest, with careful thought about yourself as an investor, and determine that hunting for 10-baggers is not for you, you should hunt elsewhere. No regrets. Unless you’re truly comfortable with contrarian speculation, you are guaranteed to lose money. It bears repeating: courage and discipline are absolutely essential. But consider this: In the wake of the near-collapse of 2008, governments around the world have done everything imaginable to prop up the global economy. They have also done the unimaginable, like taking interest rates negative and tripling central bank balance sheets in a matter of months. The amount of money governments have “created” from nothing defies belief. They don’t even bother to print the stuff anymore… There will be unintended consequences. In short, anyone who thinks mainstream investing is safe today is kidding himself. We are all speculators now. The difference is that some of us know it. Doug Casey likes to put it this way: Rather than risk 100% of your portfolio for 10% gains, risk 10% of your portfolio for 100% gains—or more. Yes, if you speculate as we do, you’ll lose on some picks. You may even lose on most picks, if you push for maximum returns. But the doubles, triples, 5- and 10-baggers will more than make up for those losses. If you have the courage, this is how you play to win. Editor’s Note: With gold already up 18% this year (and gold miners up 63%), NOW is the time to take a position in gold stocks. Because we don’t expect this extraordinary opportunity to last, we’re running a special $500-off deal for our gold stock research. When you sign up, you’ll get instant access to Louis’s new report: 9 Essential Gold Stocks to Buy Right Now. He wrote this report for one simple reason: There are around 3,000 small gold stocks trading today. On average, they’ll likely rise 200% or more in a gold bull market. But the very best gold stocks have potential to rise 10x, 20x, or even 30x. If you’re interested, please act now. Once the window of opportunity closes, we likely won’t get another one for five years or more. Read more here.last_img read more

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