From the category archives:
Check out the news on Kingsgate and Sino Gold, two recent additions (albeit repeat buys) to the Red-Hot Global Small-Caps portfolio …
Kingsgate Jumps Most in 10 Years After Winning Approval for Thailand Mine Kingsgate Consolidated Ltd., owner of Thailand’s biggest gold mine, rose by the most in a decade in Sydney trading after receiving [...]
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The short-term trend in oil is now down.
This is probably due to the fact that the US has decided to make peaceful overtures to Iran and the fact that we are seeing demand destruction here in the U.S. and in other Western nations. However …
* So far, demand destruction is NOT accelerating. [...]
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This is why I hate government most of the time.
According to Reuters, The U.S. Securities and Exchange Commission issued an emergency order on Tuesday placing restrictions on the short selling of shares of certain major financial firms.
Here are 19 stocks where no naked short selling is allowed from July 21 through July [...]
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Oh, Dang! I put a MoneyandMarkets.com column (Consider Gold & Silver Now!) to bed and it is already overtaken by events.
First this …
Global Economic Decline Appears to Be Spreading (WSJ – subscription required).
The rising risk of recession in Europe shows that despite the strength of emerging-market economies such as Russia and China, the economic [...]
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There’s a lot to cover today, so let’s get busy …
ECONOMY
Housing, banking crisis piles pressure on Bush
The housing crisis in the United States is fast spilling into a banking and financial debacle that could destabilize the world economy and put mounting pressure on the Bush administration to act.
Recession-Plagued Nation Demands New Bubble To [...]
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My latest MoneyandMarkets.com column is up. It’s on the oil crisis …
How the New Oil Crisis Affects You by Sean Brodrick Wednesday, June 11, 2008 7:30 AM In ancient times, when mapmakers came to uncharted territory, they would scrawl: “Here There Be Dragons.” Flash-forward to the 21st Century; oil markets went into uncharted [...]
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All CNBC can talk about this morning is Lehman Brothers. How many people does that effect? Meanwhile, oil is not pulling back much from its biggest one-day surge EVER on Friday. Don’t you think that deserves more headline time? The average price of a gallon of gasoline in the United States hit $4 for the [...]
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COMMODITIES
Bank Commodity Derivatives Rise to $9 Trillion, 1.5% of Total Outstanding Commodities derivatives held by banks expanded 27 percent last year to $9 trillion as declining raw- material supplies and lower interest rates buoyed investor demand, according to International Financial Services London.
Institutions Money Drives up Commodities
In the last five years, investment in [...]
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We hear from Bloombergthat both the United Arab Emirates and Qatar could abandon their currency pegs to the U.S. dollar in favor of a basket of currencies within months, and Saudi Arabia may follow the move late next year. They would all be following the lead of Kuwait, which last year broke from its [...]
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Keep your eye on agriculture. For one thing, I guess they’re talking about different areas of Australia, but it’s interesting to see these two bits of news …
Australia May Produce Biggest Canola Crop in Nine Years as Drought Eases Australia, the world’s third-largest canola exporter, may produce its biggest crop in nine years [...]
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