Signalling a desperation for tangible wealth, customs officials arrested eight South Korean men for smuggling gold out of the country…in their rectums.
January 17th, 2012 | Dan Denning | 1 comment | ContinuedResources
Commentary on global resources such as oil, food and energy, by your Daily Reckoning editors in Melbourne, Australia. Still haven’t subscribed to the Daily Reckoning? What are you waiting for… sign up here, it’s free!
A chronological listing of articles is below.
Downgrade of European Financial Stability Facility Becomes a Reality
“It won’t be long before the EFSF has its own credit rating cut,” we wrote yesterday. And it wasn’t! Standard and Poor’s delivered the coup de grace yesterday. It downgraded the European Financial Stability Facility from AAA to AA+.
January 17th, 2012 | Dan Denning | 2 comments | Continued
The Growing Energy and Oil Alliance Between China and Saudi Arabia
The oil and energy alliance between China and Saudi has just been strengthened. On Saturday – in the wake of Europe’s debt crisis – Saudi state oil company Aramco signed a deal with China’s Sinopec to build an oil refinery in the Red Sea city of Yanbu.
January 16th, 2012 | Dan Denning | 0 comments | Continued
The False Feedback Loop for Australian Stocks
Well maybe the great revival has begun after all! Australian stocks were up 1.1% yesterday and they’re off and running again today. What gives?
January 11th, 2012 | Dan Denning | 0 comments | Continued
Investment Hopes, Fears and Preparations for 2012 Investors
“Prepare for the worst; hope for the best,” was always good advice. And here at The Daily Reckoning it is the foundation of our investment approach. We never know what will happen. So, what we want are investments that don’t depend on knowing.
January 9th, 2012 | Bill Bonner | 2 comments | Continued
The China Effect on the Australian Economy
Note to the market: The Eurozone crisis hasn’t gone anywhere. The US and Iran are facing off in the Straits of Hormuz, the world’s most important oil supply route. And China’s economic slowdown has only just got underway.
January 5th, 2012 | Greg Canavan | 2 comments | Continued
Australia Forgets the Little People
How about that? Contrary to our gloomy disposition yesterday, the stock market has taken off like a rocket this morning. The material sector is up 2.9% today alone. It was the worst performing sector in Australia on the ASX in 2011, down 25% thanks to lower commodity prices.
January 4th, 2012 | Dan Denning | 7 comments | Continued
The Bear Dines Out
Needless to say, watching (and feeling) your money being eaten alive by a multi-year bear market is not pleasant. In fact it’s the kind of experience that might prompt you to make a change by, say, selling your shares and giving up on the market once and for all.
January 3rd, 2012 | Dan Denning | 2 comments | Continued
The Daily Reckoning’s Best of 2011
Happy New Year!
Normal Reckonings resume Tuesday, January 3rd. To tide you over, we’re continuing a tradition we started last year. We reflect on some of the more colourful predictions of 2011. What follows is a selection of musings from Dan Denning, Bill Bonner and the DR team.
January 1st, 2012 | Dan Denning | 0 comments | Continued
Is China on the Prowl for Australia’s Natural Resources?
Australia has plenty of: resources. Of course you knew that already. But what you may not have known is that Australia’s government is devising plans on how to protect Australia’s natural resources from a hostile takeover. Presumably from countries like… China. And we’re not talking about share market action.
December 20th, 2011 | Dan Denning | 2 comments | Continued
Nero, Bonaparte and Hitler Walk Into an Economic Union
The latest news out of Europe is that British Prime Minister Churchill Cameron refused to surrender sovereignty to the rest of the EU. Those on the continent have tied themselves to the Euro like tree huggers saving the forest.
Why Invest in Energy Resources?
The Raw Materials of Civilisation…
Before we get stuck into the glaring omission in the government’s assessment of Australia’s energy resources – energy could be the single-best investment sector of 2012 – a reminder: today is Wednesday. You know what that means!
December 14th, 2011 | Dan Denning | 4 comments | Continued
The Liquid Assets You Can No Longer Bank On
There are no more risk-free liquid assets in the market. Maybe there never were. But it’s one of those sacred cows that has never been gored before. It is now (gored, in painfully slow fashion). The dirty little secret of the bankrupt Welfare State is out: government bonds are just another liability.
December 13th, 2011 | Dan Denning | 4 comments | Continued
Which Stock Investment Decisions Will You Make in a Credit Depression?
What stock investment decisions should you make when you recognise: government debt is no longer risk free, bank failures resulting from bond defaults by governments will feed asset deflation and lower stock prices and real money is better than unsound money.
December 12th, 2011 | Dan Denning | 0 comments | Continued
Energy, Resources and Real Asset Investing
Basic economics of scarcity, supply and demand, and investment demand won’t be less important in supporting commodities. But in a world of collapsing financial asset values, tangible assets are about to become the hotly contested objects of a great global strategic game.
December 9th, 2011 | Dan Denning | 1 comment | Continued
