From the category archives:
The US government is bankrupting our economy by burning through hundreds of billions of taxpayer dollars in the form of bailouts to Paulson and Cheney cronies. American Express is getting bailout money?Seriously? American Express could vanish off the face of the Earth and we’d hardly notice. I think it telling though, that American [...]
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I spent the weekend at the Washington D.C., Money show. The show has shrunk from last year, and the opinions ranged from “this is an incredible time to buy” to “Aaaaaaiiiiiii!!!!!” I’ll have more about that in Wednesday’s Money and Markets column.
This morning, the market is rising on news of a $586 stimulus plan [...]
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Sorry I didn’t post yesterday. I spent much of the day wrestling with a magnum-opus, way-the-heck too-long Money and Markets column, which I have since dumped on my long-suffering editor’s lap. The best way to cut it would be with a straight razor and a bottle of whiskey. Better him than me.
Anyway, it’s [...]
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Well, the S&P 500 did not quite go high enough to give us an outside reversal day. Last week’s high was 985.44. This week’s high was 948.38. However, some people will say these lines are drawn in crayon, not with razors. So, make your own decision.
In other news, lots of bearish [...]
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I’ve been talking recently about how the credit crunch may slow project development in both energy and gold. Here are two examples …
Credit Crisis May Block, Delay 20% of Deepwater Rigs, Slow Petrobras Boom As many as 20 of the 100 deepwater oil rigs on order worldwide may be delayed or canceled as [...]
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It’s been a heck of a day. Gold cratered in overnight trading, then bounced, and now is headed lower again. The same for the broad stock indices. Crude oil is rallying, but not much when you consider that OPEC is about to announce a production cut (according to whispers).
METALS
Gold Falls Below $700 [...]
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About one-third of the S&P 500 reports earnings this week. Yesterday we saw euphoria and I thought it interesting that the major indices went up with oil prices. Today, oil prices are down, and stocks across the board slid at the open. Clearly, fears about the economy remain. Here are some things I’m reading [...]
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If you bought my new gold report, this chart will interest you. It’s weekly chart of the GDX … Agnico Expects Share Declines, Bankruptcy for Some Junior Mining Companies Agnico-Eagle Mines Ltd., the Canadian gold producer planning to increase output fivefold, said smaller mining and exploration companies may go bankrupt as their [...]
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I’m Dreaming of a Blue Christmas … Source: Calculatedrisk.blogspot.com
From the LA Times… Retailers cutting back on holiday hiring
A recent survey of more than 1,000 managers responsible for hiring hourly workers found that each manager planned on hiring an average of 3.7 seasonal employees this year, roughly 33% less than the 5.6 [...]
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Today, global markets in Asia and Europe sold off hard, and Wall Street faces more troubles dead ahead. But you want to know what’s looking good today? Gold! Gold recovers as flight to safety balances dollar Prices are being supported by strong investment demand for gold coins and bars, traders say, as well as [...]
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