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From the monthly archives:
March 2009
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, [...]
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Recall I’ve been saying we’re in the timeframe for an important low in oil? See article and my comments below. – Larry
Bullish on Oil
http://www.bloomberg.com/apps/news?pid=20601110&sid=aPwgg8LlzGbI
http://www.bloomberg.com/markets/commodities/energyprices.html
While market prices are drastically lower than their July 2008 prices, crude prices have rallied in the last week to post gains of almost 30%. The Brent spot price is currently at [...]
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http://www.bloomberg.com/apps/news?pid=20601110&sid=a.6u.EHUlfm8
My Opinion: With interest rates at rock bottom levels across the world and asset levels plummeting to record lows, the appeal of the Japanese carry trade is all but gone. This has been evident for several months as investors unwound their positions, resulting in a greater demand for yen which pushed it to decade high [...]
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http://www.bloomberg.com/apps/news?pid=20601110&sid=afIkX076rzJc
http://www.bloomberg.com/apps/news?pid=20601110&sid=a0srzs9UtTNM
http://www.bloomberg.com/apps/news?pid=20601110&sid=aWZ05kCKPm5s
As the world grapples with an economic downturn, the Chinese government has enacted policies that will promote freeing up capital within the economy. The Chinese central bank has already cut interest rates five times in 2008 to the current 5.31% level and the government has scrapped lending quotas and pressed banks to support its 4 [...]
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China to Lead Global Recovery?
The Chinese Manufacturing Index rose for the third month in a row as Beijing’s stimulus package takes effect on the economy. Amid signs that the Chinese economy appears to be bottoming out, stocks rose and new orders expanded for the first time in five months. Other positive signs include an increase in [...]
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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 [...]
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Buffett says U.S. Treasury bubble one for the ages
Feb. 28, 2009, NEW YORK (Reuters) — Warren Buffett, whose Berkshire Hathaway Inc. sits on $25.54 billion (17.8 billion pounds) of cash, said worried investors are making a costly mistake by buying up U.S. Treasuries that yield almost nothing.
In his widely read annual letter to Berkshire shareholders, the [...]
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This just in from a colleague of mine. I agree with him. See my comments below. — Larry
Banking financial services stocks have taken a beating in the last year. The diversified banks group within the S&P 500 Index have fallen 54% in the last 12 months alone. This presents a unique opportunity for investors who don’t [...]
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