The Zacks Rank Buys featured in this article are: HQ Sustainable Maritime Industries, Inc (...

 

From Sinclair’s website:

 

 

Posted: Mar 06 2009     By: Jim Sinclair      Post Edited: March 8, 2009 at 6:27 pm

Dear CIGAs,

Money always starts in some form of contract between the holder and the Treasury of the issuing country.

We will call this contract money.

During these times politicians have no control over issuing paper beyond the contract limitation. In the case of the $20 Gold certificate and $2 Silver certificate, the Treasury has agreed to give to the holder a $20 gold coin or 2 silver dollars in exchange for the certificate.

This controls the amount of liquidity in the system and acts to maintain the currency buying power without dilution in the form of increased money printing.

When things are going well in business and the paper assets of the issuing country are in

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Currency markets stabilize (for now)…  Data packed holiday shortened week…  China cuts rates… Indian rupee falls… And Now… Today’s Pfennig!

Good day…The dollar settled in at the slightly higher levels it reached Friday morning and is trading in a narrow range heading into a holiday shortened week. Trade desks across the globe will be mostly staffed by the backups as the big bosses take Christmas week off. Volume will likely be lighter, which can sometimes lead to an increase in volatility.

The data calendar is empty today, but chock full tomorrow and Christmas eve. Markets will be closed on Christmas day, and most will be closed again on the day following Christmas (known as boxing day). GDP, Personal Consumption, U of Michigan consume

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HQ Sustainable Maritime Industries, Inc (HQS) shares have been explosive following its third-quarter earnings announcement.

Company Description

HQ Sustainable Maritime is an integrated aquaculture and aquatic product processing company, with operations based in the environmentally pristine island province of Hainan, in China's South Sea. HQ's activities include using renewable ocean resources, practicing cooperative sustainable aquaculture, and conducting fish processing and sales.

HQ is China's leading producer of quality tilapia fish exports to the U.S. The company is principally engaged in harvesting, processing, sales and marketing of farm-bred and ocean harvested products.

Sales Up 42%

On Nov 10 HQ reported third quarter results that included sales of $22.5 million, a 42% year-over-year increase. Profits were also up, now $4.9 million, almost double the third quarter figure for 2007.

Earnings per share were 43 cents, well above the consensus estimate of 24 cents.

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