“First Ounce Bounce” Set to Pay 1,100% Government filing NI 43-101 is mandatory in Canada. It shows the proven reserves of any company intending to mine gold. The latest filing from a small renegade company we’ve just uncovered lists their reserves at an astounding 10.1 million ounces. It’s the biggest gold strike in Canadian history – and one of the biggest in the world. Yet few investors have seen or heard of NI 43-101 yet. Getting in before the “first ounce bounce” – when the first ounce comes out of the ground – is likely to yield an initial return of 1,100%. Go here for the full report.

Brazilians used to joke that their country was the country of the future – and always would be because a new crisis seemed to crop up every time the economy came close to fulfilling its potential.

…

p style="text-align: left;"By Claus Vistesen: Copenhagenbr /emspan/span/em/pp style="text-align: center;"emspanbr //span/em/pp style="text-align: center;"emspanChina! China! burning bright /span/em/p p style="text-align: center;"emspanIn a bubble, Day and Night /span/em/p p style="text-align: center;"emspanIs it Bust or is it Boom/span/em/p p style="text-align: center;"emspanThat frames thy fearful asymmetry?* /span/em/p pbr //p pspanbr //span/ppspanCan you feel it? That calm and soothing feeling of low volatility and heaven bound risky assets driven by green shoots and second derivatives. Well, if you can't you are excused since neither can yours truly, or more precisely; he has a distinctly difficult time seeing from where people get the idea that we are headed for a broad based global recovery. However, beauty as always lies in the eye of the beholder and whichever way you look at it would be difficult to completely deny that the three key ingredients for a global recovery (and a resurgence of carry trade) in the form of ...

China! China! burning bright

In a bubble, Day and Night

Is it Bust or is it Boom

That frames thy fearful asymmetry?*

 (click on pictures to enlarge)

Can you feel it? That calm and soothing feeling of low volatility and heaven bound risky assets driven by green shoots and second derivatives. Well, if you can't you are excused since neither can yours truly, or more precisely; he has a distinctly difficult time seeing from where people get the idea that we are headed for a broad based global recovery. However, beauty as always lies in the eye of the beholder and whichever way you look at it would be difficult to completely deny that the three key ingredients for a global recovery (and a resurgence of carry trade) in the form of low volatility, steadily climbing risky assets, and benign credit wholesale market credit

...

Most international investors believe Brazil is a commodity play and only pay attention to commodity stocks. In fact, around 50% of the Brazilian Bovespa Benchmark is pure commodity plays -- oil, mining and steel companies.Because of this "prejudice," some companies that are not related to the commodity business or that have no obvious growth histories are more or less forgotten. This is where the value investor should search for some interesting medium-term alternatives.In this sense, we believe that SABESP (SBS) is a great value investment. It is true that it is a state-owned water utility and the growth in this area is slow. It also requires huge long-term investments. Additionally, even though the regulatory framework improved after the approval of a new legislation in the Brazilian Congress in the end of 2006, it is far from what we would consider an ideal regulatory environment....

Centrais Eletricas Brasileiras SA, or Eletrobrás (EBR.B) is the biggest electric utility in Brazil, with operations in the generation and transmission of electricity. The company is 54% controlled by the Brazilian government, and that's where the problems begin.Eletrobras has a long tradition of political influence in its internal management and investment decisions -- a fact that makes investors skeptical on the company's outlook. Additionally there are some old unsolved problems, like the payment of a 10-years-retained dividend equivalent of R$9.4 billion(US$4.5 billion) that should be paid to investors, and the expiration of some important generation facilities concessions.According to the privatization program legislation dated 1995, the distribution and generation privatized facilities were granted to the private sector for 30 years, with the possibility of renovation. The companies that were not privatized, which is the case of Eletrobrás, got a renovation of the concession for 20 ...

China has overtaken the U.S. in yet another category of global influence this morning. This time it’s Brazil. China is now Brazil’s No. 1 trading partner, snapping a nearly 80-year tradition of Brazil depending primarily on exports to America.

Brazil announced over the weekend it had conducted $3.2 billion in business with China during April — a 12-fold increase in Sino-Brazilian trade from 2001. April also marks the second consecutive month that the U.S. has ranked No. 2.

What’s the trade? Iron ore. Brazilian officials say the Chinese have been buying the stuff hand over fist since the start of 2009.

As one consequence, Brazil’s stock market, the Bovespa Index, is outpacing the American equity rebound. Brazil’s version of the Dow has recouped the majority of its crisis losses. Check it out:

Brazil and China are just two

...

I believe that each day it becomes clearer that emerging markets are outperforming more developed economies like the U.S., Europe and Japan. Among all emerging economies, China and Brazil are attracting more attention. In fact, both countries have strong economic ties, as Brazil is the biggest supplier of raw materials and commodities to China.In this sense we would like to stress that yesterday the Brazilian benchmark Bovespa reached the level it was just before September 15, before the Lehman Brothers failure.Despite the continued appreciation of the Brazilian benchmark, we still believe there is room for more in the short-term. However, we continue to recommend companies focused on Brazilian domestic demand like Oi Participacoes (TNE), CPFL (CPL) and AmBev (ABV), rather than huge commodity producers like Petrobras (PBR) and Vale (RIO). Read the full analyst report on "TNE"Read ...

For Immediate Release

Chicago, IL - April 23, 2009 - Zacks Equity Research picks Gafisa S.A. (GFA) as Bull of the Day and Johnson Controls, Inc. (JCI) as Bear of the Day. In addition, the analysts at Zacks Equity Research discuss the latest on Nabors Industries (NBR), BJ Services (BJS) and Halliburton (HAL).

Full analysis of all these stocks is available at: http://at.zacks.com/?id=2678

Bull of the Day

We are reiterating our Buy recommendation on Gafisa S.A. (GFA). We have been encouraged by the stimulus package and the new value-added tax relief recently announced by the Brazilian government.

Fourth quarter 2008 results were lower than expected, which is a clear indication that the international crisis has reached Brazil's construction sector. The recent acquisition of Tenda will enhance the company's presence in the low-income segment, which will be the focus of the Brazilian government. Thus, we expect Gafisa to benefit

...

We are reiterating our Buy recommendation on Gafisa S.A. (GFA). We have been encouraged by the stimulus package and the new value-added tax relief recently announced by the Brazilian government.

Fourth quarter 2008 results were lower than expected, which is a clear indication that the international crisis has reached Brazil's construction sector. The recent acquisition of Tenda will enhance the company's presence in the low-income segment, which will be the focus of the Brazilian government. Thus, we expect Gafisa to benefit from the announced program in the following quarters.

Currently, Gafisa is trading at 7.7x 2009 revised EPS estimate. We reiterate our Buy recommendation on Gafisa, with a target price of US$16.25, representing a valuation between 9x and 10x our 2009 P/E, closer to the Bovespa benchmark for Brazilian stocks.Zacks Investment Research

Volcker Appointed to Overhaul Tax Code; Ken Lewis Sees Recession Bottoming; Ford’s Volvo Sales Moving Along; Romania Receives $27 Billion IMF Loan; IBM Transfers Jobs to India; Durable Goods Orders Rise; Brazil’s Stock Market Surges to Six Week High; Bank of America to Repay TARP Funds

President Barack Obama has appointed Former Federal Reserve Chairman Paul Volcker to close tax loopholes and streamline tax laws. The top-to-bottom overhaul of the 96-year-old tax code will reduce tax evasion and “corporate welfare,” budget Director Peter Orszag told Bloomberg. Kenneth Lewis, Bank of America Corp.’s (BAC) chief executive, told The Los Angeles Times he wants to begin repaying the $45 billion his company owes the U.S. government next month. He ...