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Gold as a “Go To” Asset Class
From an HRA SD Alert to former Gold Mining Stock Report subscribers
by David Coffin
We believe there is room for more gold price gain, near term. A “true” gold market in which the yellow metal is being treated as an asset class in its own right is building around the uncertainties in other markets. That is different from recent warehousing cycles when gold moved most strongly during the final up stage of a resource/economic cycle. This time around gold is being treated as a market and currency hedge, not as a goody bag being handed out at the end of a party. …
20Nov2009 | HRA Advisories | 0 comments | ContinuedStory Stocks: Ford Motor (NYSE: F), Microsoft (NASDAQ: MSFT), Advanced Micro Devices (NYSE: AMD)
Ford Motor (NYSE: F) said it will invest 4 billion reais ($2.3 billion) to expand in the growing Brazilian market, the largest capital committment it has made in the country. The five-year plan includes boosting the capacity of the Camacari factory that makes the Fiesta small car and modernizing the Troller plant that builds utility vehicles. The Dearborn, Michigan based company also will invest in new models for Brazil. The auto industry in Brazil, South America’s largest economy, is headed for record sales this year, the country’s automakers association stated last month. Ford ranks fourth in Brazil, behind Fiat SpA, Volkswagen…
20Nov2009 | Jutia Group | 0 comments | ContinuedGold Investing Expert: Bob Moriarty Goes on Record
We live in a world that is totally insane. We have one US government agency buying worthless paper from another US government agency and the public nods their heads in agreement just as if it makes perfect sense.
It doesn’t make any sense at all; it’s like taking water from one end of a swimming pool and carrying it down to the other end and believing you are making a difference.
– Bob Moriarty, Gold is Getting Frothy
With gold busting through $1100 this month, government deficits/spending/borrowing showing no signs of slowing down anytime soon, the stock market at unsustainable highs, it’s…
20Nov2009 | Q1 Publishing | 0 comments | ContinuedStock Market News: ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), Red Hat Inc. (NYSE: RHT)
Today, Nigeria renewed three shallow water oil licences jointly operated with ExxonMobil (NYSE: XOM), granting the U.S. energy firm leases of a further 20 years with the option to renew again. "Today we have reached an agreement on the terms of new leases that will go on for a further 20 years with an option to renew," Minister of State for Petroleum Odein Ajumogobia told reporters in the capital Abuja. Western oil firms including Exxon, Royal Dutch Shell and Chevron (NYSE: CVX) operate in Nigeria via joint ventures with state oil firm NNPC. The three licences (OML 67, 68 and 70)…
20Nov2009 | Jutia Group | 0 comments | ContinuedSmart Grid ETF Launched by First Trust Advisors
Amid the flurry of new ETFs coming to market this week, it appears I missed the launch of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) on Tuesday (11/17/09). This ETF focuses on stocks in the electric energy infrastructure and distribution grid subsector. The fund will typically invest in companies engaged in electric grid, metering equipment and devices, networks, energy storage and management, and enabling software used within the smart grid infrastructure.
The underlying index uses a modified capitalization weighting with “pure play” companies receiving an 80% allocation and “diversified” companies receiving just a 20% allocation. The expense ratio…
20Nov2009 | Invest With An Edge | 0 comments | ContinuedCentral Banks Continue to Buy Gold
Zero Hedge: The latest development in the gold bubble saga, and one which will likely cause the precious metal’s price to spike even higher, comes from the tiny island of Mauritius which according to Dow Jones has purchased 2 metric tons of Gold from the IMF for $71.7 million. The price works out to approximately $1,115 per ounce. More as we get it.
My comment: More and more countries, investors, and individuals are protecting themselves from the runaway inflationary policies of the US government. You have to at this point begin questioning the sanity of Congress with their ridiculous trillion dollar healthcare…
20Nov2009 | The Real Deal | 0 comments | ContinuedThe Hidden Costs of Too Much Government Debt
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This week was a fascinating one on the geopolitical front. President Barack Obama travelled to China in what was billed as a major diplomatic trip.
The idea? Try to reach common ground on several fronts, including global nuclear proliferation, environmental issues, and especially China’s currency …
The U.S., Europe, and even some of China’s Asian neighbors believe that China is artificially suppressing the value of its currency, the renminbi or yuan. That, in turn, is giving China an artificial advantage in global trade by making its exports more competitive vis-à-vis those of other nations.
But you know what Obama came home with?…
20Nov2009 | Money and Markets | 0 comments | ContinuedMarket Updates: Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC), Berkshire Hathaway Inc. (NYSE: BRKA)
JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC) are arranging an $8 billion loan for Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRKA) to help finance the takeover of railroad Burlington Northern Santa Fe Corp. The banks are providing a one-year loan with an interest rate 1 percentage point to 2 percentage points more than the London interbank offered rate. Three-month Libor, a borrowing benchmark, was set at 0.27 percent yesterday. Buffett is risking Berkshire’s AAA rating at Standard & Poor’s by taking on debt and drawing down cash holdings to finance the $26 billion acquisition of Burlington. JPMorgan…
20Nov2009 | Jutia Group | 2 comments | ContinuedTake the Long View For Gold & Silver
When gold reached its record high against the US dollar of $1064.20 on October 13th, the price of gold in euros, Swiss francs and British pounds did not confirm. On that day they were still below their recent high by 10.1%, 7.5% and 4.4% respectively.
Technically, this result was a bearish divergence, which can be a warning sign that the market’s internal condition is deteriorating. For example, bearish divergences often signal a top.
Whether or not gold was signaling a potential top, the argument could be made – and many have made it – that gold was rising solely because of dollar…
The Great Geopolitical Battle Over Energy Transit Routes
As we all live in the present, it is very hard to fully assess the future implications of decisions supported or made by political and business leaders. An extraordinary game of geo-strategy is under way to lock in long-term agreements, notably in the energy sector. At a global level, the transit routes of future oil & gas pipelines become the object of a power struggle involving not only the suppliers and end-users but also the transit countries. Intensive courtships are under way where a ménage à trois, or more, may be the best option to prevent any country from being…
20Nov2009 | OilPrice.com | 0 comments | Continued
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