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Gold Prices Driven Higher by Europe and China: Greg Weldon and Grant Willia
2012-02-08 22:00:00 The Gold Report: Recent headlines continue to focus on the debt crisis in Europe as more countries are having their debt downgraded. Greg, you have diagnosed the problem as credit addiction and said that the European Union won’t be able to recover until leaders take painful measures necessary to kick their addiction. What does this mean for commodities and commodity equities? Greg Weldon: It’s critical for asset prices across the globe. It is a debt addiction, debt refinancing and deficit financing problem, not only in Europe, but also in the U.S. and Japan. Austerity is the real answer to the fact that there is too much debt, and austerity measures in an economic sense are not positive. My . . . → Read More: Gold Prices Driven Higher by Europe and China: Greg Weldon and Grant Williams
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MLPs?Wall Street?s Best-Kept Secret: Yves Siegel
2012-02-08 00:30:00 The Energy Report: Yves, what can investors expect out of MLPs between now and the end of 2013? Yves Siegel: Steady as she goes. The yields for our group now are around 6%, and we expect distribution growth to be about 7%. If Fed Chairman Ben Bernanke is true to his word, we’ll continue to expect an environment of low interest rates for the next two years. So if you combine the yield and the distribution growth, we think investors could see low double-digit returns. TER: How do distributions grow? YS: When contracts roll over on terminal assets, they typically roll over at higher rates because they’re competing with new facilities. In order for companies to get a . . . → Read More: MLPs—Wall Street’s Best-Kept Secret: Yves Siegel
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Gold Juniors Poised to Rebound: Joe Mazumdar
2012-02-03 21:30:00 The Gold Report: What is the consensus among Haywood analysts on what 2012 will bring for mine commodities, particularly precious metals? Joe Mazumdar: Last year, risk aversion was a common market theme. In 2012, some of the same global economic concerns, such as the ongoing Eurozone crisis and the future of the euro, will continue to draw attention. But we also believe there is potential for positive economic indicators, primarily from the U.S., where there have been upticks in manufacturing and GDP growth. Also, unemployment in the U.S. is down to 8.5%, generating some consumer confidence. Recently, GDP growth for Q411 came in at 2.8%, which was slower than consensus forecasts?3%?but still the strongest in over a year. Political . . . → Read More: Gold Juniors Poised to Rebound: Joe Mazumdar
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Lack of Greek Debt Deal Sends EUR Tumbling
2012-01-31 11:17:00 Source: ForexYard Lack of Greek Debt Deal Sends EUR Tumbling After reaching a six-week high against the US dollar in early trading yesterday, the euro staged a downward correction after Greece once again failed to come to an agreement with its creditors regarding its debt. Today, traders will want to continue monitoring announcements out of the euro-zone, with any further negative news likely to bring the common currency further down. Additionally, economic indicators out of both Germany and France are likely to influence euro pairs today. Economic News USD – Dollar Stages Upward Correction Following Poor Euro-Zone News The USD came off a six-week low against the euro in trading yesterday, after news that Greece had once . . . → Read More: Lack of Greek Debt Deal Sends EUR Tumbling
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Underpriced Precious Metals Juniors Due to Move in 2012: Matthew Zylstra
2012-01-30 21:30:00 The Gold Report: When you last spoke with The Gold Report in early March of last year, gold was trading around $1,420/ounce (oz) and silver was around $36/oz. Silver peaked about $49/oz in late April and then gold hit around $1,900/oz in September. Now we’re back up above $1,700/oz on gold and about $33/oz on silver. Where do you see these prices going this year, after it appears that they have likely bottomed out? Matthew Zylstra: We’re long-term bulls on both metals. Gold has been correcting since September and it looks like it bottomed out around $1,500/oz. We believe the recent decline is a normal pullback in a longer-term uptrend where nothing has really changed to the outlook. We . . . → Read More: Underpriced Precious Metals Juniors Due to Move in 2012: Matthew Zylstra
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?Mania? in Junior Mining Stocks Predicted: Fayyaz Alimohamed
2012-01-25 22:30:00 The Gold Report: Fayyaz, in June 2008, using readily available economic data, you wrote that the global economy was on the verge of financial collapse. What do those sources tell you about where the global economy is headed today? Fayyaz Alimohamed: In November 2006, I predicted that the U.S. was headed into a recession. Seven months later, the Bear Stearns funds cracked, beginning the crisis. By June 2008 it was obvious to me that the crisis would escalate into a crash. Today, the U.S. cannot meet its gargantuan future unfunded liabilities. Europe and Japan face debt levels that ensure eventual sovereign debt defaults and declining standards of living. There is potential for all of this unwinding to seriously affect . . . → Read More: ‘Mania’ in Junior Mining Stocks Predicted: Fayyaz Alimohamed
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Eurozone Finance Ministers Reject Greek Bond Swap Proposal
2012-01-24 09:56:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD JPY 0.05 EUR -0.01 CHF -0.06 GBP -0.15 Much of Asia remains closed for the lunar New Year, and as such, thin liquidity has led to low participation in overnight trading. The BoJ announced their latest monetary policy decision in the latter part of the session, opting to keep interest rates at 0.00-0.10% and to downgrade their growth forecasts for the coming year. The revisions are a reflection of the central bank?s growing concern… Read More …
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Look for Gold Juniors with Theme-Changing Catalysts: Annie Zhang
2012-01-23 21:30:00 The Gold Report: The bottom fell out of the junior precious metals sector in late 2011. Why should investors believe that this sector is going to perform better this year? Annie Zhang: In 2011, gold was up by about 10%, while gold equities underperformed as investors became more risk averse. Junior exploration companies were beaten down pretty badly. We continue to hold a bullish view on gold, but we think 2012 is going to be a volatile year. Good stories with theme-changing catalysts will outperform in 2012, however. For example, Mega Precious Metals Inc. (MGP:TSX.V) is coming out with a resource update for the Monument Bay project in Manitoba. This resource update will outline for the first time . . . → Read More: Look for Gold Juniors with Theme-Changing Catalysts: Annie Zhang
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No Greek Deal Before Meeting Of EU Finance Ministers
2012-01-23 10:01:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD CHF 0.19 JPY -0.01 GBP -0.23 EUR -0.26 EURUSD has started the week lower as the ongoing discussion between Greece and its private sector bond holders has not yet led to an agreement. The Institute of International Finance (IIF) has sounded optimistic that negotiations are steadily coming together, and that at present there is a proposal on the table which has been agreed in principal, but is now simply being vetted by the EU/IMF…. Read More . . . → Read More: No Greek Deal Before Meeting Of EU Finance Ministers
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Investors Eagerly Awaiting News of Greek Debt-Swap Deal
2012-01-23 08:43:00 Source: ForexYard Investors Eagerly Awaiting News of Greek Debt-Swap Deal While the euro saw some upward momentum in trading last week, the real test of the currency's strength will be today, as news of a possible deal on Greek debt is announced. Traders will want to pay close attention to the planned meeting of euro-zone finance ministers scheduled for later in the day. If Greece successfully reaches a deal with its creditors regarding its debt before the meeting, the euro may receive a significant boost in afternoon trading. Economic News USD – Dollar Likely to See Significant Movement in Heavy News Week The US dollar took some pretty significant losses against its main currency rivals last week, . . . → Read More: Investors Eagerly Awaiting News of Greek Debt-Swap Deal
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Finance minister approves SECP proposals on CGT
2012-01-22 13:30:00 The Finance Minister Dr. Hafeez Shaikh said on Saturday that he accepted all the proposals of Securities and Exchange Commission of Pakistan (SECP) regarding relaxing rules for Capital Gains Tax (CGT) on shares transactions. SECP proposals on CGT are accepted ...
Nuclear Energy Markets Tighten: Edward Sterck
2012-01-19 23:00:00 The Energy Report: There hasn’t been much price action in the uranium market since you last spoke with The Energy Report in early September. Does that surprise you at all and what are your expectations for near-, medium- and longer-term market action? Edward Sterck: It doesn’t surprise me particularly. Historically, a lot of utilities were operating on a fairly hand-to-mouth basis in terms of their uranium requirements. The price spike in 2007 was a bit of a wakeup call for utilities. Since then, they’ve been building up some buffer inventories and are pretty fully covered for near-term requirements. By near term, I mean for the next nine months or so. Consequently, they can currently choose to be quite price . . . → Read More: Nuclear Energy Markets Tighten: Edward Sterck
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Renewable Energy Stocks that Deliver: John McIlveen
2012-01-12 23:01:00 The Energy Report: John, what is your current investment thesis? John McIlveen: Safety is still the dominant concern with small-cap companies, which are high-risk by definition. I mostly stick with power generators. High-yield Independent Power Producers (IPPs) returned over 20% in 2011, whereas manufacturing was slammed as many sectors entered cyclical lows. The generators have 20-year contracts, which provide highly predictable cash flow. To buy the manufacturers, you really have to understand the cycles. TER: What’s the relationship between conventional energy prices and renewable energy stocks? Do higher conventional energy prices trigger a bounce in renewables? JM: Optimally, it would be better for renewables if conventional energy prices were higher. However, the reality is that renewable prices do . . . → Read More: Renewable Energy Stocks that Deliver: John McIlveen
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Gold Volatility Breeds Equity Opportunities: Mike Niehuser
2012-01-11 22:30:00 The Gold Report: What was your prediction for gold prices in 2011 and how did last year’s investment ideas work out? Mike Niehuser: Depending on how you want to spin it, we were a little conservative in some respects, but for year-end 2011, we nearly hit it right on the nose. Our forecast for 2011 included the price of gold ranging from $1,300/ounce (oz) to $1,500/oz with the potential with some catalyst to go over $1,600/oz by year-end. In reality, gold traded up to $1,500/oz for the first half of the year making us look smart, then exploded to $1,900/oz and retreated back to where we thought we would end up at year-end at $1,600/oz. So very close . . . → Read More: Gold Volatility Breeds Equity Opportunities: Mike Niehuser
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Look for End of Debt Supercycle: Thoughts from the U.S. Global Investors 20
2012-01-11 01:30:00 John Mauldin: Instead of doing an annual forecast, I’m going to look out about five years, which may be five times more foolish. What I want to do rather than try and figure out where the stock market is going to be at the end of 2012 or what gold is going to do, is look at the choices we have around the world. In most cases, political events don’t change the economic world all that much. It’ll probably annoy partisans on both sides, but if Clinton had lost to George Bush senior the first time, we would have still had a bull market. We were already in recovery. Yes, we would have had different Supreme Court Justices, . . . → Read More: Look for End of Debt Supercycle: Thoughts from the U.S. Global Investors 2012 Forecast
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Solving Critical Rare Earth Metal Shortages: Dr. Michael Berry and Chris Be
2012-01-10 22:00:00 The Critical Metals Report: In a presentation at the China Investment Conference in December, you said that over the last 20 years the U.S. government has mismanaged its supplies of critical metals to the point where it depends almost exclusively on foreign sources. How did this happen? Michael Berry: It’s just now starting to dawn on Washington that we don’t have a stockpile. We had a stockpile through World War I and World War II (WWII) that was necessary to our national security. The U.S. was the biggest producer of rare earth elements (REEs) in the 1970s and 1980s. But then we allowed China to undercut our prices and we shut down the Mountain Pass mine, which was one . . . → Read More: Solving Critical Rare Earth Metal Shortages: Dr. Michael Berry and Chris Berry
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MVP Energy MLPs: John Edwards
2012-01-10 22:00:00 The Energy Report: A year ago, you forecast average returns of 10% with the yield spread between master limited partnerships (MLPs) and 10-year U.S. treasuries at 290 basis points. How accurate did your forecast turn out to be? John Edwards: It turned out fairly well. The actual performance for MLPs beat our original expectations by about 390 basis points. On the last trading day of 2011, we were looking at 13.9% total return. We targeted yields on the sector between 6% and 6.5% and it ended near 6.1% at the lower end of our targeted range. TER: What is the current yield spread? JE: The current yield spread is approximately 4.2%, 420 basis points. TER: Do you . . . → Read More: MVP Energy MLPs: John Edwards
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Follow the Management Names: Taylor MacDonald
2012-01-06 20:00:00 The Gold Report: Taylor, many investors are confused by today’s unpredictable market. Are you as confused as most market observers? Taylor MacDonald: We have come to expect the unpredictability. Since 2008 volatility has become the new norm. You have to learn how to protect yourself in these hazardous times. TGR: How has 2011 tested your bag of investment tricks? TM: We focus on the long term, taking large positions in smaller companies. We look for unique assets, strong management teams and structure. In the past couple of years, we have learned to stick to our knitting, to what we do best. TGR: And what would you say you do best? TM: Our strength is identifying undervalued opportunities . . . → Read More: Follow the Management Names: Taylor MacDonald
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Everything Finance Monthly Round Up ? Kim Jong Il is Dead Edition
2012-01-03 14:01:00 Everything Finance Monthly Round Up – Kim Jong Il is Dead Edition is a post originally published on: Everything Finance - Everything Finance - A Good Personal Finance Blog - Its all about Money!The end of 2011 offered some interesting political developments. The North Korean leader, Kim Jong Il, died on December 17 and was buried on December 27th. There is much speculation about his 27 year old son, Kim Jung Un, and whether he has the maturity and experience to lead a country with nuclear power. Hopefully, ...Get a free mortgage quote!
2012 Preview ? Examining the Major Issues
2011-12-30 08:26:00 Source: ForexYard 2012 Preview – Examining the Major Issues As we approach New Years we'll attempt to address the major issues for 2012. Economic News EUR – When will Congress Address the US Deficit and Debt? Could this be the year that Congress finally tackles the difficult issues to reduce spending and lower the national debt? The Congress just recently acted to renew the payroll tax break in a last minute deal, a method that Washington has seemingly perfected. Most likely Congress will kick the can down the road as they are unwilling to take on the big issues of social benefits heading into an election year. If the trend of improving US fundamentals continues then a return . . . → Read More: 2012 Preview – Examining the Major Issues
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SEK Strengthens Despite Interest Rate Cut
2011-12-21 08:26:00 Source: ForexYard SEK Strengthens Despite Interest Rate Cut The SEK was up after the Riksbank lowered interest rates to 1.75% from 2.00%. There are two explanations for this counterintuitive move in the SEK. Firstly, the Swedish central bank delivered on the expected 25 bp of monetary policy easing while refraining from a larger policy change. Secondly, risk sentiment improved following a strong Ifo survey and a successful Spanish bond auction. Economic News SEK – SEK Strengthens Despite Interest Rate Cut The SEK was up after the Riksbank lowered interest rates to 1.75% from 2.00%. There are two explanations for this counterintuitive move in the SEK. Firstly, the Swedish central bank delivered on the expected 25 bp of . . . → Read More: SEK Strengthens Despite Interest Rate Cut
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Rare Earth Metals Bears and Bulls: Anthony Alfidi
2011-12-20 21:30:00 The Critical Metals Report: In your Alfidi Capital investment research blog, you talked about the wild ride rare earth element (REE) prices had in 2010, as well their the general drop this year. What are you predicting for 2012? Anthony Alfidi: I believe rare earth elements prices will continue to fall. They had a run-up until this summer, primarily based on Chinese export restrictions and the enthusiasm that some speculators had for the sector. But those conditions are both absent now. I believe that economic fundamentals are weakening around the world and the resulting credit crunch will hurt trade, finance and manufacturing. Demand for rare earth elements is derived from demand for finished goods. Therefore, it’s very much dependent . . . → Read More: Rare Earth Metals Bears and Bulls: Anthony Alfidi
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Profit from Peak Oil: Bob Moriarty
2011-12-20 21:30:00 The Energy Report: Peak oil has returned as a popular topic of conversation, and you’ve been talking about it for some time. Are we really in the era of peak oil, with oil production diminishing? Or do we just lack cheap oil? Bob Moriarty: It’s both. We’ve reached the peak of oil production, which doesn’t mean we’re going to run out of oil, but we’ve run out of cheap oil. When the Saudi oil fields opened in the 1940s and 1950s, their return on investment was $350 per barrel. When OPEC formed in 1959, they were profitable selling Saudi oil at $0.10 a barrel. The cheap, high-grade, high-quality oil is all gone now, and the days of finding giant . . . → Read More: Profit from Peak Oil: Bob Moriarty
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How to Make Your Seller Finance Offers FAR More Appealing
2011-12-18 16:41:00 A buddy of mine recently came across the perfect buy and hold property. It?s a quality 3 bedroom, 2 bathroom house in a good location, and the sellers only owe $20,000 on the property. So why is this the perfect buy and hold property? It is because it’s in a solid neighborhood, the house is ...This Article is Copyright © 2004-2011 BiggerPockets, Inc. All Rights Reserved. How to Make Your Seller Finance Offers FAR More Appealing
Canadian Oil to Support Market Growth: Bill Bonner
2011-12-15 22:30:00 The Energy Report: Bill, your bottom-up firm makes its investment decisions based on individual company fundamentals, but do you have a sector bias? Bill Bonner: Our focus is entirely Canadian energy, with one exception: We also manage private client assets and traditional portfolios. I have two partners who look after non-energy holdings in those portfolios, but our background has been as energy investors for 30 years, so that’s what we focus on. People allocate capital to us because of our energy expertise. TER: Are you bullish on oil and gas as commodities? BB: Over the near term, it’s hard to be bullish about the price of natural gas. Even if there were some abnormal weather events this . . . → Read More: Canadian Oil to Support Market Growth: Bill Bonner
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EUR/USD Trades Below 1.30
2011-12-15 08:30:00 Source: ForexYard EUR/USD Trades Below 1.30 The EUR/USD was trading below the 1.30 level for the first time since the beginning of the year. Market sentiment continues to move lower and the threat of an oncoming EU recession could drag the EUR lower into the year end. Economic News USD – Market Sleeps through FOMC Statement The most recent FOMC statement was a non-event which is typically not the case for Fed meetings. The Fed did not adjust interest rates nor did it announce any additional asset purchases (QE3). Instead the FOMC statement was left with its standard statement, ?The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust . . . → Read More: EUR/USD Trades Below 1.30
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5 Stocks with Growing Dividends to Buy Before the Year Ends
2011-12-14 19:00:00 Investors who need a reminder of why dividends are desirable should be getting it in spades this year, thanks to extreme market volatility. The price of the S&P 500 Index is barely at breakeven year-to-date, while income from dividends is at roughly $25 per share. Most of us buy stocks expecting prices to go up, which doesn't always happen. But the one aspect of stock investing that's actually predictable is dividends. In addition to providing a reliable source of income, dividends can be reinvested to build wealth over time. With a little research, you can find dividend-paying stocks that offer attractive yields and dividend increases for many years in a row. Here are five consistent high-yielding . . . → Read More: 5 Stocks with Growing Dividends to Buy Before the Year Ends
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The Age of Rare Earth Metals: Luisa Moreno
2011-12-06 21:30:00 The Critical Metals Report: Luisa, in a recent interview, you called the rare earth space “the modern Bronze Age played in the capital markets.” Could you expand on that? Luisa Moreno: The Bronze Age was the first period of human civilization in which metal was used. This rare earth period is similar in that investors are learning about new elements and their applications, which are fairly critical for our modern lifestyle. At the same time, investors have the opportunity to create profits in the space. The analogy is an exaggeration, but we are discovering these new elements. TCMR: You published a report called “Rare Earths Economic War.” Is there really a war in the rare earth space? If . . . → Read More: The Age of Rare Earth Metals: Luisa Moreno
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Everything Finance Monthy Round Up ? ?Black Friday? Edition
2011-12-06 19:47:00 Everything Finance Monthy Round Up – “Black Friday” Edition is a post originally published on: Everything Finance - Everything Finance - A Good Personal Finance Blog - Its all about Money!Black Friday 2011 was marked by earlier store openings, more violence among consumers seeking out sale items, and an increase in sales over last year’s Black Friday by more than 16%. Cyber Monday 2011 was also a success. Does all of this shopping represent an increase in consumer confidence and the beginning of a strong ...Get a free mortgage quote!
Energy Stocks on Year-End Clearance Sale: Chen Lin
2011-12-01 22:30:00 The Energy Report: You last spoke with us in early June. What has transpired in the oil and gas markets since, and has it altered your investment thesis? Chen Lin: The oil price has been going up and down because a lot of traders are mispositioned and are scrambling around. That makes the market very volatile. However, WTI is around $100 again, which is quite surprising because we are still in the middle of a recession. World oil demand is still there, and whenever there’s a drop in the oil price there’s a lot of buying. I’m quite surprised that oil is still around the $100 mark. Personally, I would like to see it in the $80 to $90 . . . → Read More: Energy Stocks on Year-End Clearance Sale: Chen Lin
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Ian McAvity: Is Greed Good for Gold?
2011-11-30 22:00:00 The Gold Report: Ian, you have been involved in the markets for 50 years. How much of today’s market is a repeat of a cycle you’ve seen before and how much is unique? Ian McAvity: Cyclical and secular trends haven’t really changed, but each one has slightly different characteristics. From 1982 to 2000, there was a powerful secular uptrend in the S&P 500. Since 2000, there’s been a secular bear trend, sideways or downtrend not dissimilar to 1966–1982 or 1932–1949 that may run through 2016 or 2018. The big change has been the utter corruption of Wall Street and that nearly 80% of the trading on the New York Stock Exchange now is being done by high-velocity . . . → Read More: Ian McAvity: Is Greed Good for Gold?
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Anthony Young: China, Molycorp and the Future of Rare Earths
2011-11-29 21:30:00 The Critical Metals Report: The Chinese government is now enforcing environmental standards at its rare earth element (REE) mines. Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co. Ltd., China’s biggest rare earths producer, even halted production earlier this year. Yet the scarcity of these metals continues to provide China with unprecedented economic opportunity. Which side wins and for how long? Anthony Young: For the time being, China will continue to dominate the industry, but it may become a net importer of rare earths after 2015. As it cuts back on supply, prices are likely to remain elevated for an extended period of time. TCMR: Do you think we’ll see the day that China stops producing rare earths . . . → Read More: Anthony Young: China, Molycorp and the Future of Rare Earths
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USD Falls Despite False IMF Aid Story
2011-11-29 08:29:00 Source: ForexYard USD Falls Despite False IMF Aid Story The USD came off its highs yesterday versus the majors after reports in the Italian press that the International Monetary Fund (IMF) will be providing aid to Italy. These reports subsequently proved to be false. Recent price movements in the FX markets have become more and more driven by the headlines and this should continue as reports come from today's 2-day Eurogroup meeting. Economic News USD – USD Down Despite False IMF Aid Story The USD gave up a portion of last week's gains after reports of an IMF deal for Italy. The story proved false but that did not stop riskier assets from making a comeback at the . . . → Read More: USD Falls Despite False IMF Aid Story
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European Debt Crisis Arrives in Germany
2011-11-28 09:50:00 Source: ForexYard European Debt Crisis Arrives in Germany Germany's failed bund auction shows the European debt crisis has made its way to the core of Europe. Economic News USD – USD Benefits from European Woes Markets are being driven by events in Europe and as the debt crisis intensifies traders have been selling both the EUR and other higher yielding assets in favor of the USD. During Friday's debt auction Italy succeeded in raising its targeted amount of EUR 10 bn. However, the yield Italy must now pay to serve its debt is ballooning. Italy is currently paying 6.054% on 6-month notes, up from 3.535% at the end of October. The yields at these levels are astronomical . . . → Read More: European Debt Crisis Arrives in Germany
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Jordan Roy-Byrne: Gold Stocks Due for a Breakout Soon
2011-11-23 22:00:00 The Gold Report: Based on your technical analysis, you called the bear market in December 2007 and the bottom, followed by a rally in February 2009, weeks before the market turned. Your Daily Gold Premium market portfolio was up 10.5% in June of this year compared to an overall junior gold stock market that was down 9.5% during the same time. How have you fared in the last five months and what trends are you seeing in the next year? Jordan Roy-Byrne: At the end of last week, our premium service model portfolio was up about 9% on the year. Market Vectors Junior Gold Miners ETF (GDXJ:NYSEArca), the junior gold stock exchange-traded fund (ETF) I use to compare . . . → Read More: Jordan Roy-Byrne: Gold Stocks Due for a Breakout Soon
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No Surprises in US Super Committee Failure
2011-11-22 08:11:00 Source: ForexYard No Surprises in US Super Committee Failure The congressional super committee that was assigned to solve the roadblock the government faced over the summer did not help to improve market sentiment. However, according to US bond yields and the recent performance of the USD the pressure is off the US right now as investors remain focused on events in Europe. Economic News USD – USD Remains Supported Despite Super Committee Failure The USD and US government bonds continue to be supported despite the most recent government failure to address the bloated US deficit. A lack of an agreement to increase taxes or decrease government entitlements such as social security and Medicare continue to elude Congress. . . . → Read More: No Surprises in US Super Committee Failure
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ECB Sticks to its Guns
2011-11-21 09:33:00 Source: ForexYard ECB Sticks to its Guns Comments by ECB President Mario Draghi highlight the ECB's position in the European debt crisis. His remarks suggest the European Central Bank will not come to the rescue of financially pressured nations. However, a creative solution between the ECB and the IMF may allow the ECB to avoid the restrictions placed upon the central bank by EU treaties. Economic News CAD – Canadian Inflation Overshoots Forecasts Canadian inflation for the month of October came in higher than expected with core CPI climbing 0.3% m/m on consensus forecasts of 0.2%. Headline CPI was also higher at 0.2% m/m on expectations of only 0.1%. The year-over-year data requires a second look as it . . . → Read More: ECB Sticks to its Guns
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Ron Struthers: Timing the Gold Market
2011-11-18 23:01:00 The Gold Report: Ron, you said in your report that you’re buying back most of the equities you sold in April. Why is it time to get back into the market? Ron Struthers: Most of these stocks have been valued at $1,100/ounce (oz) of gold. They’re not pricing the rise in the price of gold at all yet. There’s a disconnect or disbelief in the market. Precious metal stocks have corrected way too far, to valuations we have not seen since the 2008 credit crisis. Following that crisis our average yearly return on my precious metal picks was 155% in 2009 and 99% in 2010. I see this opportunity again. TGR: Is that because the market is . . . → Read More: Ron Struthers: Timing the Gold Market
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Curtis Trimble: Be Nimble, Quick and Play the Shales
2011-11-17 22:30:00 The Energy Report: Curtis, what is your overall theme right now? Curtis Trimble: Agility is probably the best theme I could come up with for the current environment. The debt overhang and political gridlock in the U.S. combined with similar events coming out of the European Union around the viability of Greece, Italy, Ireland, Spain, Portugal, et cetera have been unnerving. In the energy market, and crude oil in particular, China remains the 800-pound gorilla with somewhere between 40?50% of world crude oil demand stemming from its growth expectations. TER: Clearly the global economic outlook is not optimistic for the near- or even the mid-term. What does that mean for energy prices? CT: While we have seen some substantial . . . → Read More: Curtis Trimble: Be Nimble, Quick and Play the Shales
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Thom Calandra: Taking Calculated Yet Extreme Risks in Mining
2011-11-16 22:00:00 The Gold Report: Thom, you’ve been able to identify some tenfold-return candidates in Ghana, Colombia, Sierra Leone, Quebec and Ethiopia. What creates a candidate that can give you a 10x return and how does one find these candidates? Thom Calandra: Karen, I’ve been a financial journalist for 30 years. I’ve focused entirely on natural resources for the past 12 years. I’m also a very heavy investor and I do some investor relations on the side. That combination gives me the ability to meet people a retail investor might not. I like to think I know most of the companies out there with interesting projects. I’ve always had my favorite jurisdictions, but my one overarching rule is?and I know . . . → Read More: Thom Calandra: Taking Calculated Yet Extreme Risks in Mining
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EUR Pressured by Weakening European Bond Markets
2011-11-16 08:43:00 Source: ForexYard EUR Pressured by Weakening European Bond Markets Sentiment in Europe is deteriorating as the pressure remains on Spanish and Italian bonds. Both the USD and German bunds are outperforming in this type of trading environment while commodities are generally lower. Crude oil is the lone exception as the price is testing the psychological $100 level. Economic News USD – US Economy Continues to Show Improvement Data released yesterday shows the US economy continues to recover. Retail sales numbers climbed by 0.5% on consensus forecasts of 0.3%. Also positive for the US economy, core retail sales climbed by 0.6% in October, above analyst forecasts of 0.5%. The Empire State Manufacturing survey was also stronger and suggests further . . . → Read More: EUR Pressured by Weakening European Bond Markets
By: Jutia Group
The Controversial Stock Pick That Spawned This Nasty Email
2011-11-16 03:30:00 My Stock of the Month advisory is as simple as investing gets. It's just one pick each month. And I never hold more than 12 stocks in my portfolio at a time. I like a manageable number of holdings that I can watch like a hawk. But there's a catch… I have a $100,000 real-money portfolio for my advisory. Along with providing my single-best investment idea each month, I put my money where my mouth is. I actually buy each one of my monthly picks. I'm accountable for all of my investment recommendations. There are no "do-overs" or false starts. If I make a bad call, then it's there for everyone to see. As you can . . . → Read More: The Controversial Stock Pick That Spawned This Nasty Email
By: Jutia Group
John Kaiser: Gold as a Positive Economic Indicator
2011-11-15 00:30:00 The Gold Report: Gold prices reached historic highs during the last quarter. However, in a recent Kaiser Bottom-Fish newsletter, you showed the Toronto Stock Exchange Venture (TSX.V) listings since February have had dramatically more down than up days. Is this a correction or a long-term trend? John Kaiser: What we have seen is a negative response by ordinary investors to a deteriorating economic outlook for the United States and the world, which we might call a correction of expectations. But what worries me about a long-term trend is the growing prevalence of volatility-based profit harvesting, high-frequency and algorithmic trading paired with the elimination of the downtick rule for short selling, which allows traders to push markets down or up . . . → Read More: John Kaiser: Gold as a Positive Economic Indicator
By: Jutia Group
Geordie Mark: Iron Ore Still Strong
2011-11-11 23:00:00 The Gold Report: About 37% of the world’s population is in China and India, countries in the early stages of their use of steel and, thus, iron ore. You’ve said their infrastructure requirements should trend up “for a number of years, if not decades.” Yet, benchmark prices for steel are down 15% since March. Is this price weakness a short-term problem or is there cause for concern? Geordie Mark: I think we are looking at a shorter-term issue related to a tightening in money supply in China, particularly affecting the smaller mills. These smaller mills need to moderate output or get injections of commodities at lower prices. But we are still looking at underlying demand growth to meet the . . . → Read More: Geordie Mark: Iron Ore Still Strong
By: Jutia Group
Michael O?Brian: Gold Isn?t All That Glitters
2011-11-09 22:00:00 The Gold Report: How does your experience in investment banking affect your decision-making? Michael O’Brian: As an investment banker, I participated in the financing of hundreds of junior resource companies in many parts of the world, including many that went on to become very large and profitable, such as Diamond Fields Resources (which was subsequently acquired by INCO) and First Quantum Minerals Ltd. (FM:TSX). TGR: Diamond Fields was an exploration company run by Robert Friedland that found the Voisey’s Bay deposit in Canada. MO’B: Yes. The one item that has always affected my investment decisions is people. The most important aspect of investing is the reputation and experience of a company’s chief executive. TGR: You meet, talk . . . → Read More: Michael O’Brian: Gold Isn’t All That Glitters
By: Jutia Group
Consolidation is the Tone of the FX Markets
2011-11-09 08:30:00 Source: ForexYard Consolidation is the Tone of the FX Markets Since last week's bout of USD strength the major currencies continue to trade in defined ranges as market players look for the next big event which could come from Europe. Economic News EUR – Berlusconi to Step Down Italy has become the latest EU nation to have changed leaders following Greece, Portugal, Ireland, and Spain. Could Italy also be the next EU member to receive a financial bailout? Italian Prime Minister Silvio Berlusconi succeeded in passing a budget proposal but failed to win an absolute majority in the Italian parliament. Following this defeat in parliament Berlusconi promised he would resign from office after the 2012 budget is approved. . . . → Read More: Consolidation is the Tone of the FX Markets
By: Jutia Group
Virtual Grocery Shopping to Save
2011-11-08 13:19:00 Tired of pushing a heavy cart around the grocery store only to realize that you?ve still got to lug everything to the car and then into the house? If just the thought of that leaves you tired, you?re not alone. Smart shoppers have realized that the ease and financial benefits of online shopping can be ...Original Post on www.thesunsfinancialdiary.com Special Promotional OffersScottrade 3 Commission Free TradesChase Sapphire Preferred Card 50,000 Bonus PointsChase Freedom Card $200 BonusCiti ThankYou Premier Card $655 BonusCiti Dividend Select Platinum Card $100 BonusCitibank Checking Account $400 Bonus Promotion Virtual Grocery Shopping to Save
EUR Resilient in Face of Greek and Italian Worries
2011-11-07 10:48:00 Source: ForexYard EUR Resilient in Face of Greek and Italian Worries The major currencies continue to trade in defined ranges as markets look for direction. Headline events last week such as the US jobs report and interest rate decisions by the ECB and the Fed provided sharp price movements at times though the existing price levels were not broken as markets were driven by events in Europe. This week will lack the big name data releases on the economic calendar though headlines stemming from Greece and Italy will keep traders busy throughout the week. Economic News USD – Mixed US Non-Farm Jobs Report Shows Recovering US Economy Last Friday's Non-farm payrolls added 80K jobs in the month of . . . → Read More: EUR Resilient in Face of Greek and Italian Worries
By: Jutia Group
Vikas Ranjan: Junior Gold Equities to Watch
2011-11-04 22:00:00 The Gold Report: Vikas, given the recent agreement to shore up banks in the Eurozone with a $1 trillion eurofund, do you still believe the world is on a path to a soft recession? Vikas Ranjan: I think recent developments tell us that the risks are lower than a couple of weeks ago. The current economic problems, particularly in the Western countries, are more about policy than economics. The Greece debt bailout announcement could mitigate the potential of a hard run on other European countries, and it will have an impact on banks and the financial system in general. TGR: Gold went up on the news. How do you explain that? VR: That is a . . . → Read More: Vikas Ranjan: Junior Gold Equities to Watch
By: Jutia Group
Economic Insights from a Lord of Finance
2011-11-04 17:28:00 By David Galland, The Casey Report Of all the social memes related to the economic and investment landscape, none is more dominant than that there is a small cadre of powerful Wall Street money men who, working behind the scenes, effectively control investment markets, the global economy and the politicians that play such a big role in that economy. Whether you call them fat cats, greedy bankers, soulless manipulators or unindicted co-conspirators, the one sure thing, in the minds of most, is that they wield the power behind all thrones and that it is their whispered agreements, invariably made in darkened rooms full of cigar smoke, that decide the economic fates of us all. Over the years, I have . . . → Read More: Economic Insights from a Lord of Finance
By: Jutia Group
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