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2.  Investment Competition  Economic Data  Buy or Sell Stocks?  Glencore/Xstrata Merger  M&A in mining

3. Top 5 portfolio balances will be awarded

5. 1 st Place Philczech22 $300 towards BestBuy

6. Bdass020 Google TV

7.  Possible 4 th & 5 th place prizes

9.  Europe  U.S.  China/Asia

15. No Fiscal Union High Debt/Low Growth Most EU Economies Are Not Competitive EU needs a new Constitution Some countries like Greece might have to leave Less Gov’t interference in economy

26.  Black Rock CEO suggests investing 100% in Stocks  World’s Largest Money Manager: Over $3.5 Trillion in Assets  Very Bullish Call

28. Be 100% in stocks: BlackRock’s CEO Wed Feb 8th 2012 | 12:00 PM ET

29.  BlackRock very Bullish  Many traders/investors have taken profits off the table  20% since October lows  Cautious, possible negative surprise (Europe?)  Other traders still 75%-80% in stocks  Sold “high beta stocks,” staying in low beta  Traders believe more liquidity coming into the market from central banks later this year

30. Glencore-Xstrata Merger: $90 billion deal, largest mining M&A deal ever

31.  World’s largest commodity trader  50% of business is commodity trading (Metals, Energy & Agriculture)  50% mining: copper, coal, zinc, aluminum etc  One of the world’s largest private companies before IPO  Very secretive company, employee owned  2010 Revenue: $145 billion  Xstrata’s largest shareholder, 35% stake  Ticker: GLEN on LSE or GLCNF on Pink Sheets

32.  4 th largest mining company in the world  Market Cap: $70 billion  Bought Canadian copper & nickel producer Falconbridge in 2006  Great management, low cost producer  World’s largest exporter of coal  4 th largest copper producer in the world  Copper was 50% of 2010 operating profit, and coal 29%, nickel, zinc, & alloys 21%  Trades on the LSE ticker: XTA  Pink sheets ticker (XSRAF) & (XSRAY)

34. Merger will create a mining power house that will rival BHP Billition, Vale, Rio Tinto

35. Glencore-Xstrata Deal creates full integration along the commodity value chain

36. Glencore Deal Leading to Copper Inflation? Mon Feb 6th 2012 | 12:00 PM ET

37. Global Commodity Supply in Fewer Hands Now

38.  Glencore-Xstrata deal means global commodities are now in fewer hands  More pricing power for the producers  Allows producers to have a stronger ability to put a floor in commodity prices such as iron ore, copper, and coal  Very bad for the consumer  Good for Investors!

39. Will Glencore’s Merger Prompt Other Takeover Bids? Tues Feb 7th 2012 | 4:00 PM ET

41.  Glencore-Xstrata deal likely to spark more M&A/consolidation in the mining industry  BHP, VALE, RIO might go for FCX, CLF, AA  The big will continue to get bigger, too expensive for small players to expand/develop new mines