Tag: mongolia

Ivanhoe (NYSE:IVN) Shares Jump on Mineralization Find

Shares of Ivanhoe Mines Ltd. (NYSE:IVN) soared after they announced the discovery of a mineralized zone of gold and copper 1 kilometre long at its prolific Oyu Tolgoi project in Mongolia. Consequently, the original estimates of copper and gold could be much larger than thought. “To intercept almost one kilometre of copper and gold mineralization in a new drill hole is a remarkable development,

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Housing Recovery is Here

Housing Recovery is Here

Welcome to the Wealth Daily Weekend Edition — our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles. There’s an “ass” for every seat… and Wall Street is running out of chairs. “All is well with the economy,” they once told us. “There’s a recovery underway, but it just won’t feel like one.” The Great Recession ended in June 2009 when no one was looking. And people actually believe it — at least the dimwitted that live among us with short attention spans do… “Ooh, a shiny penny.” Advertisement Military’s Latest Energy Report Will Give You the Willies Inside, they confess a shocking truth… without any new developments, we only have 16 months of oil left! Before the media catches wind and panic drives the price of oil through the roof, I’ll show you how one group of companies solving the problem could make you filthy rich by Christmas. Click here to find out more.   More than 70% of Americans think now is a good time to buy a home, according to a Fannie Mae survey. And 78% believe home prices have either bottomed, or will rise next year. What are they thinking? Better yet, what are they drinking? Sure, home prices recovered over the last year… But that was thanks to an artificial stimulus known as “the home buyer tax credit.” Plus, home prices were recovering from a boost in confidence, as foreclosure numbers dropped. But let’s not be naïve here. Foreclosures only dropped because banks delayed the foreclosure process. I don’t want to hear that defaults are down 30%. It only happened because banks weren’t sending out the notices of default, which they did to keep housing prices afloat. Fact is, three long years and millions of foreclosed homes later, there’s still a wave of foreclosures headed our way — just as we’ve been warning readers about since the early days of 2007. We’re nowhere near the end of a crisis that could cost us $1.5 trillion. Thinking we’ve bottomed is like thinking you’d survive a nuclear blast. We’ve gone from one asset bubble, in which the Fed warned about irrational exuberance but did nothing… to another bubble (credit and housing), in which the Fed was implicit by keeping rates far too low for too long without regulation… to where we are now, witnessing the Fed blowing up yet another bubble. It’s pathetic. Anyone that tells you housing has bottomed shouldn’t be giving investment advice. Period. People are still losing their jobs. Resets haven’t finished. Foreclosures will mount even more than they already have. Without the home buyer tax credit, the government can’t prop up imaginary housing numbers any longer. More than 25% of homeowners owe more than their homes are worth. This could result in more strategic defaults, which in turn will drive up foreclosure rates even more. There is a tremendous amount of inventory on the market, and this will only grow as homeowners fail to pay their mortgages. With banks reeling from all the bad paper their holding, they’re not very motivated to lend money to people that could screw them later. So what incentive is there to buy a house? We still have these pesky resets that will hit very hard — and drop values further. There are two more waves…

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Pitchforks and Torches

Filed in dividend, Gold, Gold Bull Market, Gold Market, lead, miners, mongolia, silver by on September 18, 2010 0 Comments
Pitchforks and Torches

Welcome to the Wealth Daily Weekend Edition — our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles. Grab your bullhorn and climb to the top of the barricade — the 2010 mid-term elections are shaping up to be a doozy. With the guillotines at the ready, a large slice of the voters are mad as hell, and they’re not going to take it anymore. All of which sends my libertarian heart aflutter, as the establishment shakes in its muddy boots. And while there is no monolithic figure like Louis XVI to topple this time, it’s clear now that come Nov. 2nd , heads will roll. Advertisement Gold’s “Louisiana Purchase” Not long ago, the world’s largest uranium giant practically gave away billions of dollars worth of gold to one small exploration company… for only $250,000! Before their next set of drill results are posted, find out how this rare opportunity could easily triple your money by September! Click Here For Your Free Report Now! Just ask Mike Castle or Bob Bennett. They’ll tell you it’s “a sign of the times.” But that is what happens when you shake the bourgeois from their complacent slumber. Suddenly, the Third Estate decides to storm the Bastille. It’s as if they have re-discovered the document that famously begins: “ When in the course of human events…” Or have taken the time to re-read this passage from over 20 years ago. In his farewell address , then-President Reagan wrote: Ours was the first revolution in the history of mankind that truly reversed the course of government, and with three little words: “We the people.” We the people tell the government what to do, it doesn’t tell us. “We the people” are the driver, the government is the car. And we decide where it should go, and by what route, and how fast. Almost all the world’s constitutions are documents in which governments tell the people what their privileges are. Our Constitution is a document in which “We the people” tell the government what it is allowed to do. “We the people” are free. And in the worst economic crisis of their lifetime, who can blame them? After all, it’s been quite a bumpy ride from euphoria to sadness over the last four years… Of course, how all of this anger plays out in the markets is all part of the greater guessing game… But if history is any guide, the market may be in store for a bullish upswing. According to data compiled by investment firm Birinyi Associates, in midterm elections dating to 1962, the S&P 500 has risen an average of 2.35 percent two months prior to the election, and added gains of 7.46 percent in the three months that followed. That’s roughly a 10% gain overall, which would make …

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Gold, India, Silver, Tech and Mongolia

Gold, India, Silver, Tech and Mongolia

Today I give you five sectors in which I suggest you put your money now. Gold breaks out! Charts that hit new highs tend to continue to hit new highs. With 60% of trading now done by computer modeling, support and resistance points carry even more weight.   There are fundamental reasons for putting your money in gold as well. The majority of countries have spent themselves into a fiscal hole. There are major currency imbalances that must be corrected. If and when the dollar takes a hit, gold will go up. At the same time, world production of gold is around 2,500 metric tons. This is 25 percent higher than it was in 1990… But during the second quarter of 2010, gold demand rose 36 percent over 2009; supply growth, meanwhile, was only 17 percent. Advertisement Your IRA and 401(k) are in Washington’s sights… But you’ll never hear about it in the mainstream media until it’s too late to save your retirement assets . Click HERE for the “guerilla wealth” secret to keeping your hard-earned nest-egg in your own hands – and perhaps even growing it by 378% every five months . Lastly, during times of great political, economic, and social strife, gold tends to go up. There have been a slew of violent strikes in France…

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Ivanhoe (NYSE:IVN) Slaps Down "False and Misleading" Information from ‘Business Spectator’ and ‘The Australian’

Ivanhoe Mines (NYSE:IVN) noted in a press release that recent information published on the ‘Business Spectator’ website and in ‘The Australian’ newspaper contained “false and misleading information” about the mining company. Concerning the numbers, some of the assertions made which Ivanhoe refutes, includes the costs of the Oyu Tolgoi copper-gold project in Mongolia, which was said to be $4

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Connecting the Dots

Filed in Gold, Gold Market, shares by on August 21, 2010 0 Comments
Connecting the Dots

Welcome to the Wealth Daily Weekend Edition — our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles. One name I’ll never forget from my college days is Ed Ballard. Ballard was a journalism professor of mine. He was a grizzly old fellow that entertained us with wild stories about the happenings around the U-desk. And if you looked close enough, you could almost sees the ink stains on his wrinkled hands. An old school newspaperman, I think journalism might have been something of a foreign word to him. Of course, we didn’t know it at the time, but he wasn’t the only dinosaur in the room back then — we all were in a way, pounding out our stories in a symphony of clacking keys and ringing bells. Twenty five years later, it’s not just the typewriter that has disappeared; but newspapers themselves. Nudged aside by the Internet and the 24-hour news cycle, the business is in a state of terminal decline. “Progress”… perhaps.  Advertisement This Oil Stock is up 442% Since We Recommended It The tiny Mongolian oil company we’ve been touting for awhile now commenced drilling last month… And they’ve strunk oil — lots of oil — from an incredible source that no one had considered for years. This company’s stock shot up 101% in a single day. But there’s still time for you to get in on this oil play. Click here for all the information you need to get in on this outfit before you miss out on any more monster gains. But I have to tell you, there’s no screen in the world that can replace the feel of a newspaper in your hand and the ink it leaves behind. Buggy whip or not, that’s something younger folks will never quite understand. And lost along with the daily news in print is the work of editorial cartoonists that could cut through all of the nonsense in a way a video never could — or ever will. The most famous of them was undoubtedly Thomas Nast, widely recognized as the “Father of the American Cartoon.” A German by birth, his muckraking style single handedly brought about the downfall of Boss Tweed — all via the power of a finely sharpened pencil — not with words, mind you; but with powerful drawings that gave voice to the unspoken realities. For good measure, Nast even gave us the images we conjur up today when “Santa Claus” or “Uncle Sam” worm their way into our brains. That’s the power of a sketch, now lost to …

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Time to Crack a Cold One

Filed in Gold, GOld juniors, Guidance, miners, shares by on August 7, 2010 0 Comments

Welcome to the Wealth Daily Weekend Edition — our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles. Cold and delicious, beer is one of my favorite ways to end the work week. And with the markets as tricky as ever, I’m sure I’m not the only investor who stocks up the fridge the Thursday, so it will be extra cold by late Friday afternoon. In fact a cold beer is so good that some folks would even go so far as to consider it a gift from above… Beer is living proof that God loves us and wants us to be happy. That’s what Benjamin Franklin said, anyhow. And we all know how wise he was — which is one of the reasons I’m bullish on beer stocks. Advertisement This Play Just Keeps Making Money – 155%… 323%… 618%… ???% Recently, I released a special expose on a tiny Mongolian oil company. I predicted this little-known company was going to go absolutely ballistic once drilling got underway. And boy was I right. As I write this, the share price has exploded, climbing 618% in no time at all. As I see it, this is just the beginning of what could be a legendary run… so I strongly urge you to check out the report today if you haven’t already received a copy. Mmmm… Beer That being said, one of the sector’s top brewers remains the sole publicly traded American-owned brewer: Boston Beer Co. ( NYSE: SAM ), maker of Sam Adams. According to the Brewers Association, sales volume at craft brewers rose 9% in the first half of 2009. Meanwhile, sales for the overall industry dropped almost 3% in the same time period, as consumers embraced smaller brewers like Boston Beer Co. That translated to the bottom line last quarter; The Boston Beer Co. said earlier this week that its second quarter net income rose 36% as sales and shipments rose. The craft brewer booked net income of $16.3 million (or $1.13 per share) up from $11.9 million (or 83 cents per share) …

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Ivanhoe Mines (NYSE:IVN) Continues to Skyrocket

Ivanhoe Mines’ (NYSE:IVN) shares continue to shoot up, gaining over $3 a share over the last five trading days. This week it’s already up over 22 percent.Although the future success of Ivanhoe centers on their Oyu Tolgoi mine in Mongolia, it’s short term success does as well. The news that they are abandoning their agreement with Rio Tinto (NYSE:RTP) which had restricted them from bringing in new

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Drawing Parallels to the Great Depression

Welcome to the Wealth Daily Weekend Edition — our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles. With all the talk about the Great Depression over the last few weeks, I thought it would be worthwhile to get an opinion on what caused the first one. It comes to us courtesy of Marriner S. Eccles , the Chairman of the Federal Reserve from 1934 to1948 — think of him as the Ben Bernanke of his day. Advertisement 508% Gains in 12 months: How to Plunder BP’s Blunder The worst environmental disaster in US history is happening right now… But despite the tragedy in the Gulf, there’s still a way for you to turn BP’s incompetence to your financial advantage.  Find out the names of 3 small American companies using the backlash against offshore drilling to become the leaders of the new inland oil boom… This new report has all the information smart investors need to bank 508% gains by this time next year. In his 1951 memoir, Beckoning Frontiers , Eccles detailed what he believed caused the massive downturn. If you’re willing, I’d like to you read along and ponder the parallels the former Fed Chief presents. In the aftermath, Eccles wrote: As mass production has to be accompanied by mass consumption, mass consumption, in turn, implies a distribution of wealth — not of existing wealth, but of wealth as it is currently produced — to provide men with buying power equal to the amount of goods and services offered by the nation’s economic machinery. (emphasis in original) Instead of achieving that kind of distribution, a giant suction pump had by 1929-30 drawn into a few hands an increasing portion of currently produced wealth. This served them as capital accumulations. But by taking purchasing power out of the hands of mass consumers, the savers denied to themselves the kind of effective demand for their products that would justify a reinvestment of their capital accumulations in new plants. In consequence, as in a poker game where the chips were concentrated in fewer and fewer hands, the other fellows could stay in the game only by borrowing. When their credit ran out, the game stopped. That is what happened to us in the twenties. We sustained high levels of employment in that period with the aid of an exceptional expansion of debt outside of the banking system. This debt was provided by the large growth of business savings as well as savings by individuals, particularly in the upper-income groups where taxes were relatively low. Private debt outside of the banking system increased about fifty per cent. This debt, which was at high interest rates, largely took the form of mortgage debt on housing, office, and hotel structures, consumer installment debt, brokers’ loans, and foreign debt. The stimulation to spending by debt-creation of this sort was short-lived and could not be counted on to sustain high levels of employment for long periods of time. Had there been a better distribution of the current income from the national product — in other words, had there been less savings by business and the higher-income groups and more income in the lower groups — we should have had far greater stability in our economy. Had …

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BP and the 1979 Ixtoc I Disaster

Filed in copper, dividend, Gold, GOld juniors, lead, Molybdenum, natural-gas, silver by on June 19, 2010 0 Comments

BP thinks you’re stupid. Two years ago, BP said it could handle a spill 10 times worse than what we’re dealing with now. And we believed them. They said 25,000 gallons were leaking into the Gulf… and we believed them. They now say 60,000 gallons are leaking every day…. and we believe them. But with a cracked seabed floor — and a well that could hold 50 million barrels of oil — 60,000 is nothing more than a pipe dream.   The spill could actually be worse than 1979’s Ixtoc I disaster — the worst accidental oil spill 50 miles off Mexico’s Gulf Coast, where more than 140 million barrels gushed into the waters (that’s about 30,000 gallons a day) until it was capped 10 months later. (Can you imagine the oil impact if it takes BP 10 months? It’d be the second worst spill in history, following the 1991 Arabian Gulf/Kuwait oil debacle, which wasn’t even an accident. Iraqis dumped 380 million to 520 million gallons on orders… ) BP is nowhere near capping the leak or stopping the oil volcano. They can promise fixes by August… but there’s no guarantee. It’s not as if there’s a “fix” for a cracked seabed floor. Worse, the well could still hold 94% to 97% of its oil 60 days into this crisis. And if the current flow rate continues with that much oil still in place, it’ll take two to four years for the oil to leak out if they can’t stop it. That alone would destroy BP. And yet, investors think everything is okay… …

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Steel, Coke, and Iron Ore Prices are Rising

Steel, Coke, and Iron Ore Prices are Rising

Global steel production just hit a new record. Numbers put out by the World Steel Association said that steel production increased by 31.8% year over year in the first quarter of 2010. The world is now producing 467.8 million tons every three months. Granted, the last few years were awful for steel, as mills where forced to shut capacity. So in that respect, the industry is coming off a low hurdle. But you’d also be wrong to think that this surge isn’t very real… Advertisement Get this 57X profit intel before it’s all over Big Media Government and banking insiders from a pivotal Asian nation have fed our “spy” the 24 impending resource deals that could easily hand you 57 times your money — if you move before this incredible profit story hits the front pages… Get the details FREE right here. Credit Suisse thinks that annualized global output rose in the last quarter to 1.48 billion tonnes — a new world record that beats the old 2007 high of 1.33 billion tons. The usual suspects This increase in production and consumption is being driven by the same old suspects: emerging markets, most notably China. China increased production by 25.4% in the first four months of the year to 213.9 million tons. The county also hit an all-time high of 55.4 million tons produced in April. This is a big deal. It might be even more important to note that capacity utilization rates across the industry increased to 83.4% last month. Inventories are also falling… In the United States, stockpiles of steel are now at a low 2.2 month supply. Prices of …

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Ivanhoe Mines’ (NYSE:IVN) Oyu Tolgoi Estimates In

Ivanhoe Mines (NYSE:IVN) released its estimates for their Oyu Tolgoi project in Mongolia, and the numbers are staggering, and will position Oyu Tolgoi as one of the largest mines in the world. Estimates for annual copper production at the mine is 1.2 billion pounds, while gold estimates are for production to reach 650,000 ounces annually. Gold production is projected to be at that level for a

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