Tag: money-morning

U.S. Retailers Hoping Black Friday Sales, Smartphone Apps Fuel Strong Holiday Shopping Season

Filed in BP, Gold Prices, o, silver, ubs by on November 26, 2010 0 Comments

Another Black Friday. Another holiday shopping season. But a whole new strategy for U.S. retailers. As the Friday after the Thanksgiving holiday, today marks the “official” kickoff of the 2010 holiday shopping season. Usually referred to as “Black Friday,” today…

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Muni-Bond Market Tumbles As Investors Demand Higher Yields on Shaky Finances

Filed in BP, Gold Investing, o, silver by on November 19, 2010 0 Comments

California’s efforts to sell $10 billion in short-term bonds last week attracted only tepid interest, adding to concerns that some local governments are on shaky financial ground and may have to pay more to attract investors. The widely watched sale drew interest from around the country as debate continued over whether the stability of municipal finances has been a factor in market prices. The tax-exempt bond market has been overwhelmed by a deluge of supply that has decreased demand, depressed prices and forced yields higher. ” The tax-exempt municipal bond market is a cold, cold world right now for issuers and taxpayers ,” Tom Dresslar, a spokesman for the California State Treasurer told The Wall Street Journal. He added that the state decided to cancel another $267.3 million bond sale it planned to price this week “in light of market conditions.”

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Deficit Reduction Plan Promises Painful Prescription For U.S.

Filed in BP, o, silver by on November 12, 2010 0 Comments

A bipartisan White House commission this week announced a sweeping proposal to slash the federal deficit by hundreds of billions of dollars a year by taking aim at virtually every sacrosanct area of U.S tax and spending policy, including Social Security and Medicare, middle-class tax breaks and defense spending. But while the proposal has enough teeth to put a real dent in the mushrooming deficit, the political reality is that it has virtually no chance of passing through a divided Congress without major changes. ” Mathematically it apparently works…[but] politcally, it is going to have a lot of trouble getting support from more than just the two co-chairs ,” Stan Collender, a former Democratic House and Senate budget analyst and managing director of Qorvis Communications in Washington told Bloomberg News .

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Money Morning Mailbag: Mortgage Rates Slip But U.S. Housing Market Still Unfriendly for Some Seeking Refinancing

Filed in BP, Federal Reserve, Gold Prices, o, silver by on November 12, 2010 0 Comments

U.S. mortgage rates dropped to a record low this week as the U.S. Federal Reserve started its second round of quantitative easing (QE2). The 30-year fixed loan rate fell to 4.17% from 4.24%, Freddie Mac (OTC: FMCC ) said yesterday (Thursday). The average 15-year rate fell to 3.57% from 3.63%. Lower rates pushed up refinancing applications by 6%, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 5. The refinancing gauge has more than doubled since the beginning of 2010.

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Filed in Gold Investing by on November 1, 2010 0 Comments

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Investing in Cotton: Profit From the New “King” of the Commodities Sector

Filed in commodities, Gold Investing, silver by on October 30, 2010 0 Comments

Cotton could soon become one of the world’s hottest commodity plays. That’s because soaring demand, coupled with damaged crops throughout Asia, is pushing cotton prices through the roof. Read this free report now to find out exactly how to profit from cotton.

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Investing in Chile: From Mines to Wines

Filed in Bank Gold, commodities, copper by on October 27, 2010 0 Comments
Investing in Chile: From Mines to Wines

Filed under: International Markets , Newsletters , ETF Investing , Freep’t McMoRan Copper (FCX) , Commodities , Oil , Agriculture , Stocks to Buy “Last year’s Chilean earthquake and the recent mine disaster have an important lesson: Countries with really good management should be strongly considered by investors,” says Martin Hutchinson . Hutchinson adds, “Well managed countries will be more efficient. they will use resources and labor better, there will be fewer sink-holes of value destruction in the public sector and the uncompetitive private sector and they will generally be more open to new ideas and new techniques. Continue reading Investing in Chile: From Mines to Wines Investing in Chile: From Mines to Wines originally appeared on BloggingStocks on Wed, 27 Oct 2010 10:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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CNOOC Creates Biggest China-U.S. Oil Deal For Stake in Shale Gas Industry

Filed in ceo, silver by on October 12, 2010 0 Comments

China’s state-owned energy company China National Offshore Oil Corp. (CNOOC) (NYSE ADR: CEO ) late Sunday announced it would invest $2.16 billion in U.S.-based Chesapeake Energy Corp. (NYSE: CHK ) to increase China’s stake in unconventional gas resources like shale gas. It is the largest ever China-U.S. oil and gas deal. CNOOC initially will pay $1.08 billion for a 33% stake in Chesapeake’s Eagle Ford shale acreage in Southern Texas . China’s third-largest oil company will invest an additional $1.08 billion by paying 75% of Chesapeake’s drilling and completion costs in coming years, allowing Chesapeake to tap hard-to-extract shale gas deposits and boosting its weak balance sheet. The deal highlights China’s need to develop its shale-gas extraction techniques. The country has 26 trillion cubic meters of shale gas reserves that are largely unexplored due to a lack of drilling ability – and Chesapeake is a pioneer in the shale gas industry.

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The Dollar’s Unavoidable Day of Reckoning is Here…

Filed in Debt, Gold Investing, inflation, printing money, silver by on October 9, 2010 0 Comments

The government is printing money 24/7 to paper over the bad debts of the housing crisis and Wall Street bailouts. We’re about to enter a cycle of hyper-inflation that will devalue every dollar you own… but there is a way to profit! Find out how in this free report.

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China Continues Game-Changing Energy Moves with Sinopec’s $7 Billion Brazil Buy

Filed in silver by on October 4, 2010 0 Comments

Chinese state oil company China Petroleum & Chemical Corp. (Sinopec) (NYSE ADR: SNP ) said Friday that it would invest $7.1 billion in the Brazilian unit of Spain’s Repsol YPF S.A. (NYSE ADR: REP ) to form one of the largest private energy companies in Latin America. The investment is the second-largest overseas purchase by a Chinese company and drives the market capitalization of Repsol’s Brazilian arm up to $17.8 billion. Analysts estimated the company’s value at $10.7 billion earlier this year. Sinopec’s investment gives it a 40% stake in Repsol’s Brazil business, and access to the highly valued Brazilian offshore sub-salt oil fields. The move highlights South America’s importance to China as the Asian powerhouse goes on a spending spree to meet its fast-growing energy demand.

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Buy, Sell or Hold: As Gold Sets New Records, Ride Along With Yamana Gold Inc. (NYSE: AUY)

Filed in Gold, Gold Investing, Gold Prices, inflation, silver by on October 4, 2010 0 Comments

As of Friday, gold was trading above $1,300 per ounce for the fourth consecutive day, which means the break out in the price of gold in U.S. dollars is still going strong. Gold prices are setting nominal new highs regularly, but are still actually below their record high if adjusted for inflation. I love this kind of a sweet spot in a bull market move. You know that it’s blue skies in nominal terms, but you also know that you are not yet being too greedy. That is, the upswing is still within the limits of the market’s last bullish move. This would be like buying a stock that is trading significantly below its all-time high price, but with better fundamentals.

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The Fed’s Actions Are Boosting the Bull Cycle for U.S. Stocks

Filed in earnings, economy, silver, ubs by on October 4, 2010 0 Comments

News from the U.S. Federal Reserve is keeping the bull cycle for U.S. stocks alive and well. Despite investors taking a breather this week, the outlook is good for coming months. The Standard & Poor’s 500 Index fell 0.2% since Monday, while the Nasdaq 100 , shown below, fell every day of the past week for a total slippage of 1.5%. The week felt a lot better than that for my subscribers because all but one of our exchange-traded funds (ETF) bets is on overseas stocks, and most rose 1.75% to 4.7%. So we are exiting the best September since 1939, but it closed very softly for U.S. investors as the most critical earnings season in the past year looms on the horizon.

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