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Investors Can’t Afford to Ignore This Commodities Profit Play
Commodities investing was once limited to the super-wealthy. But not anymore. In the face of almost-certain inflation – and with soaring growth in such fast-growing markets as China already driving up global prices for food, oil and gold – virtually every investor needs to have some money invested in commodities, says Peter Krauth, a longtime commodities-investing expert who is also the editor of the Global Resource Alert service.
“Every investor needs to have a financial exposure to commodities,” Krauth says. “For one thing, although commodities have been in a bull market since 2000, bull markets in commodities tend to last a long…
24Jul2009 | Money Morning | 0 comments | ContinuedGlobal Financial Crisis Has Become China’s Playground
BEIJING, The People’s Republic of China – For the debt-ridden West, the global financial crisis has been an unmitigated disaster, forcing the so-called developed economies to take on financial commitments that will serve as burdens for years, if not for generations.
For cash-rich China, however, the financial crisis is shaping up to be a major opportunity, with payoffs that will last for decades.
You want proof? The China Council for the Promotion of International Trade (CCPIT) has spent the past four months surveying businesses about the effects of the worldwide credit crisis. And its findings are both fascinating – and instructive. According…
1May2009 | Money Morning | 0 comments | ContinuedBig Three to Shutter 59 Plants – Chrysler Forces Dealers to Sell at a Loss
Chrysler LLC stunned its employees and dealers early yesterday (Thursday), announcing it was suspending all manufacturing for at least a month, and tightening wholesale credit terms to dealers. By the end of the day, Chrysler was joined by its two other Big Three brethren – General Motors Corp. (GM) and Ford Motor Co. (F). – which also shuttered factories.
All told, the Big Three will idle about 59 factories over the next month as each of the three American carmakers struggle to wait on a rescue that the White House says is still under study. The announcement comes in the wake of a…
19Dec2008 | Money Morning | 0 comments | ContinuedFed Announces $800 Billion in Homeowner, Consumer and Small Business Aid
The U.S. Federal Reserve and Treasury Department announced yesterday (Tuesday) $800 billion worth of stimulus measures to rev up three primary engines of the U.S. economy – homebuyers, consumers and small businesses.
This newest economic infusion follows a $700 billion banking system bailout package that was unveiled in late October. At least half the cash has been injected directly into U.S. banks and insurance companies, firing off a flurry of takeover deals – with more expected to come. And it precedes an anticipated package being designed by the new economic team that’s been assembled by President-elect Barack Obama. That package is still…
26Nov2008 | Money Morning | 0 comments | ContinuedBHP Abandons Hostile Bid for Rio
With commodity prices falling and the global economic outlook uncertain, Melbourne-based mining titan BHP Billiton (BHP) pulled the plug on its hostile takeover of rival Rio Tinto PLC (RTP), saying the proposed deal is of no longer in the best interest of shareholders.
The bid was also partially kneecapped by antitrust concerns raised by the European Commission, which mandated BHP unload assets for approval.
And Rio’s net debt of $39 billion was yet another concern for BHP.
“Recent global events and associated falls in commodity prices have… altered risk dimensions. BHP Billiton is very focused on balance sheet strength. Accordingly, the…
26Nov2008 | Money Morning | 0 comments | ContinuedObama Unveils Economic Team, Plans 2009 Stimulus Package
President-elect Barack Obama yesterday (Monday) formally unveiled his economic team, including the nomination of New York Federal Reserve Bank President Timothy F. Geithner as the new administration’s U.S. Treasury secretary. The team’s first challenge will be assembling an economic stimulus package that could be even larger than the $700 billion Troubled Asset Relief Program (TARP) the Bush Administration has deployed.
The nomination of Geithner to succeed current U.S. Treasury Secretary Henry M. Paulson Jr. was leaked over the weekend, and was reported by Money Morning yesterday.
Story continues below…
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Global Investing Roundups
DHL Withdraws From U.S.; China ‘Stimulates’ Railway and Steel Industries; YouTube to Show Full-Length Flicks; McDonald’s October Sales Solid; DB Analysts Says GM Stock Worthless; Fannie Mae to Tap Fed Fund; Starbucks Profit Down 97%; U.S. Cotton Production Declines by a Third
- U.S. job cuts and slashed stateside budgets have forced express mailer DHL Express, a subsidiary of Deutsche Post AG, from the U.S. Market, Reuters reported. With the move, Deutsche Post AG cut 9,500 jobs (on top of 5,400 from earlier this year). It was also an early Christmas present for rivals United Parcel Service Inc. (UPS) and FedEx Corp. (FDX), who’ve also taken…
Striking Machinists to Vote Saturday on Deal To End Boeing Walkout – Shares Soar
The International Association of Machinists and Aerospace Workers Union will vote this Saturday on whether to end its two-month strike against The Boeing Co. (BA). A tentative agreement to end the strike was reached Monday.
Boeing’s shares soared $6.55 each, or 15.5%, to close at $48.91. They are still down 50% from their 12-month high of $98.71 and are down 45% for the year.
It was the longest strike in 13 years: The union walked out for 28 days in 2005 and 69 days in 1995.
Both sides claimed victory this time around.
The union said that it “won the battle and made some significant…
29Oct2008 | Money Morning | Comments Off | ContinuedDow Zooms to Record Gain Yesterday on Reports The Government Will Reveal Banking Bailout Plan Details Early Today
U.S. stocks yesterday (Monday) staged their biggest rally since the Great Depression – with the Dow Jones Industrial Average soaring an all-time record 936 points – on a Federal Reserve-led push to flood the ailing global financial system with dollars and on a U.S. government plan to buy stakes in banks.
The rally was sparked by commitments from the major financial nations to cooperate in getting the credit markets functioning again, and by news that U.S. officials were putting the finishing touches on Washington’s version of a rescue plan under which the U.S. Treasury Department will invest an estimated $125 billion in…
14Oct2008 | Money Morning | Comments Off | ContinuedAs the Credit Crisis Deepens, There Are Still Many More Questions Than Answers
Is there any end in sight? Will the G7 provide strong actions (or statements of confidence) to support the global markets? Are these efforts by the world’s central banks helping or simply scaring investors? Should more regulatory actions be taken? Should exchanges suspend trading temporarily (as some suggest) until calmer heads prevail?
With Lehman Brothers Holdings Inc. (OTC: LEHMQ) gone, investor worry shifted to Morgan Stanley (MS) and Goldman Sachs Group Inc. (GS) and both stocks plunged accordingly. While Japan’s Mitsubishi UFJ Financial Group Inc. (ADR: MTU) still claimed to be moving forward with a deal that would bring Morgan a badly needed $9 billion capital infusion,…
13Oct2008 | Money Morning | Comments Off | Continued
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