I was not kidnapped by Aliens..
Alex Stanczyk (September 4th, 2008) Writes:
Alex Stanczyk (September 4th, 2008) Writes:
Sean Brodrick (September 4th, 2008) Writes:
Sean Brodrick (September 4th, 2008) Writes:
Sean Brodrick (September 4th, 2008) Writes:
Sean Brodrick (September 4th, 2008) Writes:
Sean Brodrick (September 4th, 2008) Writes:
Here is some other news ...ENERGYCrude Oil Rises as Hurricane Ike Strengthens in Atlantic, Dollar Declines Crude oil rose for the first time in five days as Hurricane Ike gained force in the Atlantic, causing concern that U.S. oil supplies may be disrupted.Oil Producers May Compel Opec to Cut SupplyThere are indications that major oil producers may compel Organisation of Petroleum Exporting Countries (OPEC) to cut supply when the group meets on September 9, in Vienna, Austria.OPEC's Crude Oil Production Fell 0.6% in August, Survey Shows (Bloomberg) -- The Organization of Petroleum Exporting Countries' oil production dropped 0.6 percent in August, led by declines in Iraq and Saudi ...
Ted Gottsegen (September 3rd, 2008) Writes:
The Masters always keep an eye on Yamana Gold (NYSE:AUY) in reaction to gold prices, oil, the U.S. dollar, and everything else. The five day move on AUY shares is at -12% and just 40 cents today above its 52-week low. Place your bets for a bounce.
The price of gold is killing Yamana, but at some point the ...
Sean Brodrick (September 3rd, 2008) Writes:
A growing global power crisis looks to be greater economic and political danger than oil Lost in all the attention oil is receiving, reports from around the world indicate that 100 or more countries may be suffering, many acutely, from shortages of electricity. Given who is in trouble, both the economic and the political danger of this growing global power crisis are starting to look greater than oil’s. China and India, two of the biggest engines of economic growth, look to be in serious trouble. Pakistan and Afghanistan, hotbeds of terrorism, are routinely plunged into darkness. South Africa’s mining industry is vexed. Even some countries that can afford high oil prices don’t have sufficient electricity to run refineries.
While not facing shortages, many developed countries on whose consumers the world economy depends are increasingly facing what is called “fuel poverty,” a combination of rising electricity and home heating oil costs. The problem is already acute in
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The Gold Report (September 2nd, 2008) Writes:
Source: The Gold Report 09/02/2008
A pioneer in global investing, with a reputation for discovering big winners, Adrian Day gives us his insight on whether he thinks gold has hit the bottom, and what it’s going to take to get the juniors going again. He also tells us which juniors he thinks are positioned to weather the slowdown. Day is President of Adrian Day Asset Management, which manages portfolios in resource and global equities, and the editor of “Adrian Day’s Global Analyst.”
The Gold Report: So what’s your take on where we are with the markets. . .you think we’ll see a change soon?
Adrian Day: People are still very, very concerned about the dollar and inflation, and rightly so. The core CPI numbers were up .7% in one month. That’s a high number and the precise number may be a monthly anomaly, but it’s very clear that the trend in …
The Gold Report (September 2nd, 2008) Writes:
Source: Jeff Clark, Casey Research 09/02/2008
Psychologists say decisions aren’t made simply on what you hear from others but also on what you hear in your own inner dialog. With investing, that can be the kiss of death if you let either fear or euphoria dominate the conversation.
So what did you tell yourself this summer when gold plummeted 20% in 5 weeks and most gold stocks lost a third or more of their value? Did the dialog help you make a wise decision?
I’ll tell you what I told myself. When I saw a chart of gold’s mid-summer drop, it looked scary…

…then I told myself to take a longer look at gold’s history.

What I saw is that gold’s recent drop is a blip in the big picture. So I told myself, “Maybe you should relax a little.”
Then I thought about corrections in past gold bull …