Gold & Commodities
George Soros: Distress buying of mining companies
According to the mining investment news site Mineweb, billionaire investor and philanthropist George Soros was significantly active in the mining sector last quarter. Mineweb’s Dorothy Kosich wrote earlier today:
Über investor George Soros stocked up on potash mining shares during the second quarter, increased his Freeport-McMoRan Copper & Gold holdings by more than 1,600%, invested in […]
Richard RUSSELL ON GOLD & THE DOW
August 13, 2008 — We’ve recently seen the greatest expansion of credit in history. It was a product of Asian and Mid-Eastern countries holding down the value of their currency by creating more of their own money and buying dollars. The Fed got into the act in 2003 when it held down Fed Funds to […]
Barrick Gold Becomes An Oil Producer?
Barrick’s bid to acquire Cadence Energy surprised me at first. After all, Barrick is a gold miner, right?
The nature of the bid was surprisingly local. Cadence is a small oil driller; we’re talking tiny. They produce 3,600 barrels of oil a day. I mean, why bother? The short answer is this: Barrick is thinking globally, […]
What’s Wrong With Gold Stocks?
Earlier this year (”Gold Stocks Pay Off“), it seemed like the stars had lined up for gold stock investors. Gold equities looked cheap relative to bullion in mid-March, at least on the basis of the GLD/GDX ratio. The ratio, representing the price multiple of the SPDR Gold Shares Trust (NYSE: GLD) over the Market Vectors […]
David Dreman:Bear Market Opportunities
These aren’t happy times, but they’re historic ones. The Dow Jones industrial average suffered its worst June since the Great Depression. In July it crossed the threshold into a bear market, dropping 22% from its October 2007 high.
The liquidity crisis continues to unfold, proving far worse than even the most pessimistic Wall Streeters expected. Several […]
Mathew Simmons: The only way is down
Jul 10th 2008
From The Economist print edition
http://www.economist.com/people/PrinterFriendly.cfm?story_id=11702995
FOR a man who believes that the world as we know it is coming to an end, as least as far as energy is concerned, Matthew Simmons is remarkably cheerful. He magnanimously excuses The Economist’s poor record of predicting the price of oil: our suggestion in 1999 that oil […]
Agriculture ETF DBA breaks out
Busy week this week. I didn’t get the chance to go for the off that i was waiting for.
Anyway, this weekend we get the SP500 finishing down 3% from thursday. I will post more on this later but it looks like the correction in agriculture ETF DBA seems to be pretty much done.
In the last […]
XAU and GOLD: Load up opportunity
When it comes to Gold and Commodities, corrections can come fast and furious, as what we have witness last week. The more violent the moves the greater money can be made and lost.
If you are one who believe in the long term trend of commodities and precious metals, the correction offers an opportunity to load […]
10 Reasons Why Gold Has Further to Run
By Alex Stancyzk
There are a great many factors - economic, fiscal policy-wise, geo-political - which determine which way gold will go. Many analysts have said that we are currently in the midst of the ‘Perfect Storm’ for gold fundamentals. While some may consider this rosy glasses positioning, I do not think it is far from […]
Gold,Energy and Commodities sell off
Its not a good day if you just taken your position in the alternative sector. Readers would know that i have been harping on abit on this portion of your portfolio, but the last few days have been really scary.
Gold mining stocks fell by 15% in a matter of less than 3 days. Granted we […]
