Before we get into this week’s first episode of “As the U.S. Dollar disintegrates” we should point out that some people are go about the business of making money in almost any conditions. Last week we read a draft version of Dr. Alex Cowie’s latest investment recommendation in Diggers and Drillers. He was writing about the “micro-cap” of base metals. Huh?
August 16th, 2010 | Dan Denning | 0 comments | ContinuedAll Posts Tagged With: "Diggers and Drillers"
Why is 5,000 a Key Psychological Level?
By the way, is that phrase “key psychological levels” just a load of horse pucky used by analysts and commentators to try and explain things they don’t understand?
April 8th, 2010 | Dan Denning | 2 comments | Continued
Proposed China Boycott of Aussie Iron Ore Majors
But we asked him via email if the proposed boycott of the Aussie iron ore majors (BHP and Rio) by the China Iron and Steel Association (CISA) was having effect on the smaller iron ore stocks he’s recommended. Incidentally, we wouldn’t expect the move to stick.
April 7th, 2010 | Dan Denning | 3 comments | Continued
RBA Governor Glenn Stevens Reveals Intention to Raise Interest Rates to Normal Levels
When the man who sets interest rates tells you that you’re rising, it would be wise to at least hear him out. Whether you take him at his word is up to you. But if you’re making financial plans – say, like you’re going to buy a house and are trying to figure out if you can stand a few extra points rise in the interest rate – the man has told you what is going to happen.
March 30th, 2010 | Dan Denning | 48 comments | Continued
Inflation is a Reality in China
Bloomberg reports that consumer prices rose by 2.7% in February. That’s the fastest monthly growth rate in 16 months. And it eclipses the annual yield on savings deposits of 2.25%. Savers aren’t beating inflation. And if they can’t do that, they may as well spend the money. That could ignite a rising price cycle in China that monetary authorities want to avoid.
March 12th, 2010 | Dan Denning | 7 comments | Continued
Your Garden Variety Global Financial Crisis or Something Wilder?
But first, why are companies hoarding cash? Bloomberg reports that companies in the S&P 500 have increased their cash holdings to an aggregate US$1.18 trillion dollars. The big blue chip multinationals have cut spending, frozen new hires (not literally), and generally kept cautious until more details emerge about the economic landscape.
February 12th, 2010 | Dan Denning | 121 comments | Continued
Sustainability of U.S. Deficits Reason Why Investors Own Some Gold
“If the world goes to hell like you say, you can’t eat gold. You can’t sleep on it, although you could sleep with it I suppose. How useful is it really going to be as a medium of exchange or a store of value if economic activity grinds to a halt?”
“I don’t know. I’m not Nostradamus…
December 17th, 2009 | Dan Denning | 38 comments | Continued
Michael Pascoe and the Snarky Disinformation About Gold
Speaking of value, let us now return to the question of element number 79 on the periodic table. The snarky article we mentioned at the top is this one from Michael Pascoe at the age, titled “There’s more gold where that came from.”
In the article Pascoe takes on the issue of “peak gold.” But how well has he done in accurately stating the argument for gold?
December 16th, 2009 | Dan Denning | 28 comments | Continued
Ratings Agencies Put Spain on Negative Debt Watch
Spain’s debt has grown from 36% to 66% of GDP in the last two years. This is thanks to a budget deficit of 11.2 per cent this year, and will still be around 10.2 per cent for next year.
Not only that, but the unemployment level in Spain is heading for twenty per cent in 2010. Already a staggering 43 per cent of people under the age of twenty five are out of work.
December 10th, 2009 | Dr. Alex Cowie | 4 comments | Continued
Uranium and Gold Exploration Spending Both Down in Last Year
It turns out they are, just not in Australia. The ABARE numbers measure exploration spending within Australia. But many Australian-listed firms are looking for gold and uranium in other places, especially in Africa. They’re doing so because production costs are lower there, even if political risk is higher (although in some places, it’s more than acceptable for the projects on offer).
November 20th, 2009 | Dan Denning | 8 comments | Continued
Speculators and Chinese Firms Accumulating Australian Resource Companies and Commodities
And while China and America bicker over currencies, Chinese firms are scrambling to buy real assets. And while Aussie banks source foreign borrowing to lend in local real estate, Aussie mining firms go begging for bits of capital that would bring world-class ore bodies (and key strategic resources) into production…by local producers and owners.
November 19th, 2009 | Dan Denning | 1 comment | Continued
$2,000 Gold Prediction
The weekend edition of the Australian Financial Review has gold on the cover, incidentally. You can see a picture of it a few paragraphs down. Underneath the giant golden letters it reads, “Why you shouldn’t laugh about gold hitting $US2000 an oz.” But if anyone’s laughing, it’s a nervous laughter.
November 16th, 2009 | Dan Denning | 8 comments | Continued
E-mail Update for Paid-up Subscribers Only
What is not great is that the e-mail update was then forwarded over 1,000 times, presumably to people who are not paid-up subscribers.
October 23rd, 2009 | Dan Denning | 5 comments | Continued
AUD Price of Gold a Measure of Gold’s Strength Against Other Currencies
Ah. So for gold to move in Aussie dollar terms there has to be more than just a big bear market in the USD. Demand for gold has to rise globally.
October 9th, 2009 | Dan Denning | 2 comments | Continued
Buying Oil on Sale as U.S. Dollar Gets Weaker
Oil did move up overnight in the futures market to US$71.94. And locally, there was more positive news for energy and energy stocks. Bloomberg reports that, “LNG sales from Australia’s biggest resources project may reach A$300 billion over its first 20 years.”
September 11th, 2009 | Dan Denning | 2 comments | Continued
