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[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]




Commodity Stocks Retreat Amid Resurgent US dollar

Contrarian Profits (September 21st, 2009) Writes:

U.S. stocks fell on Monday as a resurgent U.S. dollar took a toll on commodity prices and investors paused to gauge if the outlook for corporate profits justified the market’s recent run to 11-month highs.

Caterpillar Inc , down 2.5 percent, was among the top drags after the maker of bulldozers, excavators and other products said worldwide August sales of machinery to dealerships fell.

Crude oil futures shed 3.5 percent to $69.48 a barrel and spot gold prices dropped below $1,000 an ounce. The S&P materials <.GSPM> index fell nearly 2 percent.

Shares of Exxon Mobil Corp declined 1 percent to $69.26, while gold miner Newmont Mining Corp shed 3.1 percent to $43.55.

The Dow Jones industrial average <.DJI> lost 55.85 points, or 0.57 percent, to 9,764.35. The Standard & Poor’s 500 Index <.SPX> declined 6.64 points, or 0.62 percent, to 1,061.66. The Nasdaq Composite Index <.IXIC> dipped 6.77 points, or 0.32 percent, to 2,126.09.

The Nasdaq’s losses were curbed

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Is Venezuela’s Stagflation the Beginning of the End for Chavez?

Jason Simpkins (September 3rd, 2009) Writes:

The $300 Trillion “Money Bang” Keith Fitz-Gerald and his team have just produced a groundbreaking report that shows how this historic “Money Bang” is gaining steam. You’ll find out why China is investing $200 billion in one company – and why it’s expected to gain 356%… Why the Dept. of Energy is “backing” one solar company – and why it’s 506% revenue jump is a “smidgen”… And why one recently IPO’d water company is headed for a 600% run. Just go here for details.

It wasn’t long ago that Venezuelan President Hugo Chavez’s decision to nationalize state oil company Petroleos de Venezuela SA (PDVSA) resulted in a failed coup that very nearly cost him his post.

Now, Chavez’s aggressive economic policies are again being called into question, this time as the country slides into what could be a protracted period of stagflation, which is …

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When it Comes to China, Australia Shows Investors How to Maximize Profits

Keith Fitz-Gerald (September 3rd, 2009) Writes:

China is Investing Billions in Renewable Energy One firm has already built China’s largest wind turbine manufacturing factory. And it’s working with the Chinese Science Academy to develop new wind, solar, and geothermal technologies… for which it will own 70% of the rights. But this company’s business reaches far beyond the Chinese border, with operations in Southeast Asia, the Middle East, Africa and Eastern Europe. It’s first quarter net income increased by 294% over a year ago. Click here for the full report.

A $15 billion deal for liquefied natural gas (LNG) involving Australia, China and global-oil heavyweight Exxon-Mobil Corp. (NYSE: XOM) has prompted many investors to worry that China may be using its global-markets muscle to “paper over” cracks in the global economy.

In reality, however, this mega-deal is a harbinger of what’s to come, and highlights the road that global investors must travel in their journey …

China Continues to Secure Raw Materials and Energy

Alex Stanczyk (August 19th, 2009) Writes:
Recent deals such as this one seem to paint a clear picture: China isnt as trapped into USD as the financial talking heads would like you to believe. A China that is not trapped into the USD is very bearish for the dollar. Why? I have heard many who simply refuse to accept the truth, that China has been loaning the US Government (by buying US paper) over $18 billion a day just to keep the lights on. When China refuses to buy US paper, then the Federal Reserve has to step to the plate and do so (by buying through their pet banks, JP Morgan and Government Sachs etc…or is it the Fed is the pet of the banks?) The problem with this is that any government that buys its own debt because ...

Energy Blast – August 19, 2009

Robert Amsterdam (August 19th, 2009) Writes:
According to Bloomberg, although Russian oil production increased this year, defying forecasts, it will inevitably decrease due to the slump in investment when crude prices dropped.  Novatek has reported a 1.6% increase in net profit in the second quarter of 2009, year-on-year, exceeding analysts' expectations of the profitability of Russia's second largest gas producer.  To learn some facts about Iran's current energy partners, look here.  Exxon Mobil Corp and PetroChina have reached a $41 billion agreement on liquefied natural gas, apparently representing Australia and China's biggest trade contract to date.  The deal for 2.25 million metric tons of liquefied natural gas every year will come from ExxonMobil's 25% stake in the field, in which Chevron has a 50% stake and Shell the remaining 25%.  Managing to overcome diplomatic tensions regarding Rio Tinto to seal the deal has ...

Stock Market News for August 13, 2009 – Market News

Zacks Market Commentaries (August 13th, 2009) Writes:

Stocks swung back into action Wednesday after a two-day retreat as the U.S. Federal Reserve’s optimistic comments at the end of a two-day meeting re-energized investors and bolstered hopes that the recession is finally easing.  The Central Bank’s observation that the economy appears to be “leveling out" was optimistic but its subdued outlook on unemployment and inflation took some sheen off that optimism.  The Fed also announced plans to slow the pace of its program to purchase $300 billion worth of Treasury bonds, adding the full amount will be bought by October.

The 30-stock Dow Jones industrial average finished 120 points, or 1.3%, higher.  The broad S&P 500 index rose 11 points, or 1.1%. The tech-heavy NASDAQ composite advanced 29 points, or 1.5%.  On the New York Stock Exchange 1.23 billion shares exchanged hands and advancing stocks outpaced those that fell five-to-two.

Stocks seesawed after the Fed’s announcement, with

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XOM’s LNG Terminal Update – Analyst Blog

Zacks Market Commentaries (August 11th, 2009) Writes:

Exxon Mobil Corp. (XOM) declared that the first liquefied natural gas (LNG) cargo has arrived at the Adriatic LNG regasification terminal located offshore of Porto Levante, Italy. The terminal is the first offshore gravity based structure in the world for unloading, storage and regasification of LNG.   The terminal is owned by Qatar Terminal Limited (a Qatar Petroleum subsidiary owning 45%), Exxon Mobil Italiana Gas (45%) and Edison (10%).   The regasification terminal utilizes Exxon Mobil proprietary technology. Designed around a large concrete structure, the terminal houses two LNG storage tanks, a regasification plant and facilities for mooring and unloading LNG vessels.   Once it reaches full operational capacity later in 2009, the terminal will be able to deliver 775 million cubic feet of natural gas per day or approximately 10% of Italy’s current natural gas requirements.   Notably, Exxon Mobil has also recently started another LNG regasification terminal

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Global Slowdown and Plunging Profits Have ‘Big Oil’ Companies Searching for Ways to Rebound

Contrarian Profits (July 31st, 2009) Writes:

In late January, Exxon Mobil Corp. (NYSE: XOM), the world’s most ubiquitous oil giant, capped off a whipsaw year in the global oil markets by reporting net income of $45.2 billion, an all-time record for corporate profits that shattered the former record it had set a year before.

The number was so big and the results beat Wall Street estimates by so much at a time when the credit crisis was wreaking havoc on so many other sectors that Oppenheimer & Sons (NYSE: OPY) oil analyst Fadel Gheit couldn’t help but quip that he didn’t think Exxon “will be lining up for any TARP money or government handout anytime soon.”

Exxon wasn’t the only heavyweight reaping the benefit of a zooming energy market that had seen crude oil climb to an all-time record of $147 a barrel in July. The combined revenue for

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XOM, WMT, CVX Stock-PR Stock Highlights July 30, 2009

stock-pr (July 30th, 2009) Writes:

Stock-PR is pleased to announce a stock highlight on Exxon Mobil Corp. (XOM), Wal-Mart Stores Inc. (WMT), Chevron Corp. (CVX)

Exxon Mobil Corp. (XOM) Exxon Mobil regains the Fortune 500’s No. 1 slot this year, despite the sharp fall in oil prices If the fourth quarter of 2008 demonstrates anything, it’s that Exxon Mobil is perfectly capable of making billions of dollars even with oil at $50 a barrel or less. Website: www.exxonmobil.com

Wal-Mart Stores Inc. (WMT) Last year Wal-Mart boasted the seventh-best one-year stock return of any Fortune 500 company Wal-Mart has emerged as a rare recession-buster — consistently growing same-store sales at the expense of Target and other higher-priced rivals. Website: www.walmartstores.com

Chevron Corp. (CVX) Chevron’s oil-and-gas production declined in both 2007 and 2008. CEO David O’Reilly thinks 2009 is the year to pull out all the stops to get production growing again — spending $23 billion this

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Futures Gain on Profit Optimism

Contrarian Profits (July 30th, 2009) Writes:

U.S. stock index futures rose on Thursday following another string of stronger-than-expected quarterly corporate profits, a broker upgrade for General Electric Co , and fresh indications that the global economic downturn is easing.

Companies posting solid results before the bell included AON Corp and industrial conglomerate Tyco International Ltd .

Goldman Sachs raised its recommendation on GE to “buy,” saying comments made by the chairman of a key congressional committee suggests a decreased chance of a break up of the finance arm of the diversified industrial manufacturer.

U.S. House Financial Services Committee Chairman Barney Frank in an interview with Bloomberg late on Wednesday suggested there was broadening support for regulatory reform that would not mandate the separation of GE Capital, Goldman analysts said.

GE shares rose 5.5 percent to $12.94 before the bell.

“A lot of this is a follow up of the resilience we’ve seen in the market over a couple of weeks. The clear sentiment is

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