Skidmore, Owings & Merrill, one of the world’s largest architectural firrm and a big beneficiary of the China building boom, is laying off people because of the lack of work in China. “Six months ago we were turning down work,” says Silas Chiow, SOM’s China director, and “the next six months are going to be [...]
From the category archives:
Investing in Gold Stock
http://www.bloomberg.com/apps/news?pid=20601012&sid=aMwurj2nS2Bs&refer=commodities
My Opinion: As previously mentioned, shares of gold producing stocks will rise this year, reflecting the increased profit they can make. With gold trading above $900/oz and currencies of resource rich nations depreciating, this presents a unique profit maximization opportunity for many.
Firms like Kingsgate consolidated have announced sales may double this year compared to last, [...]
Emerging economies eye gold reserves as dollar fears rise
DUBAI, March 2 (Reuters) — Major emerging economies are seeking to raise their central banks’ gold reserve holdings as fears of a sharp depreciation in the U.S. dollar mount, senior industry officials said on Monday.
Investors have been piling into gold as a safe haven as the the [...]
We’ll have to see where gold ends, the day, but it started the morning strong. Strong enough that I made new recommendations for Red-Hot Commodity ETFs and Red-Hot Global Small-Caps. Then gold turned lower. Dang!
These positions are small and we’re using stops, so if the market turns against us, it won’t hurt that much. And meanwhile, [...]
We know that the relationship between gold and the dollar has changed. It used to be that gold moved opposite (inverse) to the U.S. dollar; now they tend to track each other. What changed?
A recent report in Bloomberg says that the dollar’s inverse relationship with gold reversed as the global recession deepened, increasing the appeal [...]
I’ve been inundated with questions from readers about what’s going on in the markets right now. So I dedicated this week’s issue of Money and Markets to answering some of the most burning questions I’ve received.
Everything from where I think gold is headed now that it’s broken above my key resistance level, to what [...]
I just recorded an interview with Phil at HoweStreet.com a few minutes ago. You can listen at:
http://tinyurl.com/c6rjxc
Here is the MoneyandMarkets.com column we talk about: 5 Rally Killers and How to Profit From Them.
And there’s more bullish news on gold …
Demand for gold surpassed $100 billion last year for the first time ever, amid increased industrial [...]
Gold? ZOOM! Silver? ZOOM-ZOOM! Both are heading higher today, making the timing of my new MoneyandMarkets.com column all the better…
Gold and the Fear Trade
There are some great charts in my MoneyandMarkets.com column today, so I highly recommend it, and not just because I wrote it. And there are new developments. In the column, I talk about [...]
I think we could see a short-term pullback in gold, which would be a great opportunity to add to long positions.
Let’s look at the charts. First, the daily chart of gold …
And now the weekly chart …
I gave my Red-Hot Global Small-Caps subs a more detailed analysis. Here’s an excerpt …
The interesting thing about gold recently [...]
Bloomberg reports that Barrick Gold (ABX: 41.63 +0.92 +2.26%) boss Peter Munk sees a “frightening trend” in gold …
Munk, founder of Toronto-based Barrick, the world’s largest gold producer, said he has received an increasing number of calls from wealthy investors looking for ways to buy bullion. While that is positive for the metal market, it is [...]
