Archive for June, 2008

Below the Radar: A How-to Guide to Pink Sheet Profit

Most investors have heard the term “pink sheets” as a reference to stocks. But how many know what they are.

Pink sheets are companies that are traded over-the-counter and that aren’t part of any major stock exchange. But that doesn’t mean…

30Jun2008 | Money Morning | 0 comments | Continued

Crude Hits Another Record High Above $140

The benchmark crude oil rose 57 cents to settle at a record-high $140.21 a barrel on the New York Mercantile Exchange Friday, after a sell-off on Wall Street left the Dow Jones Industrial Average in bear territory.

After plummeting 358 points on Thursday,…

30Jun2008 | Money Morning | 0 comments | Continued

With the Dow in Bearish Territory, and Oil Prices in the Stratosphere, New Potential Problems Abound

With the Dow Jones Industrial Average down 20% from its October peak - placing it firmly in bear-market territory after what’s so far been its worst June since the Great Depression - neither institutional traders nor individual investors seem able…

30Jun2008 | Money Morning | 0 comments | Continued

A SERIOUS WORD ABOUT MR. DUNG’S DONG

“I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said…”

With those mealy words, America’s Depression-era president ventured from bad luck into treachery. The Executive Order…

30Jun2008 | Daily Reckoning | 0 comments | Continued

Saudi Arabia’s power struggle

America is not alone when it comes to Peak Oil versus cornucopians. Saudi Arabia has its own factions, each led by former executives at Saudi Aramco.

Today’s edition of Mr. Murdoch’s new rag spins a pretty good yarn of Sadad al-Husseini — who’s…

30Jun2008 | Desidooru Saloon | 0 comments | Continued

Penny Stock Investment Tips

Ten Tips for New Penny Stock Investors

Many people who have never played the stock market game before start with penny stocks. Heck, even if you’ve been around investing for decades, penny stocks are still your ticket to triple-, quadruple- or…

30Jun2008 | The Penny Sleuth | 0 comments | Continued

The Ghost of Tom Joad

A catastrophe for Iowa farmers will not be just a catastrophe for Midwestern Americans. In the Iowa floods, we’ll see more evidence of how the problems of weird weather (climate change) combine and ramify the problems associated with Peak Oil. In…

30Jun2008 | Whiskey and Gunpowder | 0 comments | Continued

E.U. Stocks Slide as ECB Gears Up to Fight Inflation with Higher Rates

European stocks were gutted yesterday (Thursday) as banks took heavy losses in the face of more hawkish inflation comments from European Central Bank (ECB) President Jean-Claude Trichet that put pressure on already struggling financials.

The Dow Jones Stoxx 600 closed down…

29Jun2008 | Money Morning | 0 comments | Continued

Three Ways to Profit From the Biggest Airport on Earth

Oil and jet-fuel prices are in the stratosphere, many of the world’s top airlines have ordered severe cutbacks, and passenger traffic is falling, so why is Dubai funneling 82 billion of its petrodollars into an aerospace project that includes plans…

27Jun2008 | Money Morning | 0 comments | Continued

Raise The Tax On Gas! (circa 2004)

A couple years ago, when gasoline was $2 per gallon, I mentioned in passing that the US ought to tax gas so that it sells for $3.50 or $4.

Really, it was a throwaway line. Just “Wouldn’t it be good for…

27Jun2008 | Energy and Oil | 0 comments | Continued

Oil Hits $140 on Depleted Dollar and Supply Concerns

Oil and gold each experienced a fresh resurgence yesterday (Thursday) - with crude achieving a new trading record - after the dollar weakened in response to the policy decisions by central banks around the world, and the Organization of Petroleum…

27Jun2008 | Money Morning | 0 comments | Continued

Stayin’ Alive in the New ’70s

People who believe that history repeats itself are asking themselves: Is this a rerun of the ’30s…or a replay of the ’70s. Is it a deflationary recession we’re rehearsing? Or an inflationary recession? How is this story going to turn…

27Jun2008 | Daily Reckoning | 0 comments | Continued

Global Investing Roundups

Report: Toyota Plunking $1 Billion on Brazil Plant; India Housing Boom Ending; GDP Revised Up; Home Sales Rise, Values Fall; Anheuser Busch to Reject InBev Bid; Bank of America Sheds Jobs; Gold Shares Glow; Oshkosh Plunges on Lowered Outlook

Toyota Motor…

27Jun2008 | Money Morning | 0 comments | Continued

Fed Holds Rates Steady in Face of Upside Inflation Risk

Citing the risk of high inflation, the U.S. Federal Reserve voted to hold the Federal Funds rate steady at 2.0% yesterday (Wednesday).

“Although downside risks to growth remain, they appear to have diminished somewhat, and the upside risks to inflation…

26Jun2008 | Money Morning | 0 comments | Continued

Precious Metals Gearing Up

By Nick Jones
Editor, Real Deal

The PMs have taken the back seat in the most recent rally in commodities. While corn, soy beans, oil, and other commodities were making either fresh contract or all time highs on a daily basis, the…

26Jun2008 | Nick Jones | 0 comments | Continued

GO EAST, AMERICA! GO EAST!

It happened about six days before I expected it, but at long last the hardball tactics of iron ore giant Rio Tinto resulted in an 85% increase in iron ore prices this year. It happened earlier this week, after eight months of…

26Jun2008 | Daily Reckoning | 0 comments | Continued

Boneheaded Miscalculations

The most boneheaded miscalculation of all time…

“Terrorism will be reduced…weapons of mass murder will be limited, people will be safer around the world, human rights and democracy will be unleashed in the Middle East, and the fragile outlook for world prosperity will…

26Jun2008 | Daily Reckoning | 0 comments | Continued

Investing in Chinese Real Estate

Breaking News: Straight from China…

Wow, what a week this has been!

I landed in China about seven days ago and have been completely amazed by how much it’s changed in the last few years. I haven’t set foot in Beijing since…

26Jun2008 | The Penny Sleuth | 0 comments | Continued