From the monthly archives:
CRB Index Drops Most in 28 Years as Nickel, Natural Gas Tumble on Dollar Tumbling prices for natural gas, nickel and corn are turning July into the worst month in 28 years for the Reuters/Jefferies CRB Commodity Index.
U.S. Recession May Have Begun in Last Quarter of 2007.
The U.S. economy shrank at the [...]
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News You Can Use …
There Will Be Water T. Boone Pickens thinks water is the new oil—and he’s betting $100 million that he’s right. In the coming decades, as growing numbers of people live in urban areas and climate change makes some regions much more prone to drought, water—or [...]
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My latest HoweStreet.com Interview (from yesterday) is up. You can listen to it by clicking HERE.
Also, I have a new MoneyandMarkets.com column today …
Get Ready for the Next Leg Up in Oil by Sean Brodrick Wednesday, July 30, 2008 7:30 AMOil has pulled back from its highs, and now analysts are lining [...]
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Merrill Lynch Announces Substantial Sale of U.S. ABS CDOs, Exposure Reduction of $11.1 Billion As a result of the transactions announced today, the company expects to record a pre-tax write-down in the third quarter of 2008 of approximately $5.7 billion. This write-down is comprised of a $4.4 billion loss associated with the sale of [...]
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Sorry this is late today, but it’s a crazy day.
To expand on my comments from Friday a bit, the pullback in commodities continued last week. While we could see a rally this week, we have now seen both oil and the CCI Index break important support. I expect oil will pull back to [...]
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Commodities are in retreat (short-term anyway). The longer-term trends are still way up, but the next month or two could see a sizeable pullback if the charts today are any guide.
The problem is charts lie all the time. All it takes is one hot missile in the Middle East to change the whole [...]
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I”m traveling today, but I’ll be back in the office tomorrow. In the meantime, here is some news you might find interesting …
ENERGY
SemGroup Loses Bets on Oil
The collapse this week of SemGroup LP, a little known private oil-marketing firm, may have played a role in crude [...]
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Yesterday, the U.S. dollar rallied hard and gold tumbled. That fall in the yellow metal looks to continue today. Clearly, my short-term outlook for gold –which had been bullish — is subject to change.
Looking at the charts, you can see that the dollar is now back ABOVE former overhead resistance …
While [...]
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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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Oil Rises From a Six-Week Low on Tropical Storm, Iran’s Nuclear Standoff Crude oil rose from a six-week low as a tropical storm headed toward the Gulf of Mexico and Iran, the world’s fourth-biggest producer, resisted demands to suspend nuclear research.
Trouble at Fannie Mae and Freddie Mac Stirs Concern Abroad
About [...]
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