First, let’s look at gold. If we added up all the gold ever mined on the planet, its total value would equal no more than $5 trillion at today’s prices.
November 26th, 2009 | Jeff Clark | 2 comments | ContinuedAll Posts Tagged With: "gas"
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
Investors Are Betting On Recovery
Make no mistake though. No one knows how long this rally will last – certainly no one here at The Daily Reckoning vacation headquarters. It will continue until it runs out of gas. That could be tomorrow. It could be months from now.
August 6th, 2009 | Bill Bonner | 2 comments | Continued
Bogus Bond Bust
Bonds, however, are looking rather infirm. Prices fell and yields rose on U.S. Treasury bonds. This is easy enough to dismiss as a natural consequence of the recovery theme gaining traction. But might also have something to do with the fact that the U.S. Treasury will auction another $140 billion in bonds next week. That amount tops the $104 billion amount auctioned last week. It’s a lot of borrowing, isn’t it?
June 19th, 2009 | Dan Denning | 2 comments | Continued
Last Decade: Buy Gold, This Decade: Buy Energy
It’s not technically a new decade yet. But if the trade of the last decade was to sell stocks and buy gold, then maybe the best trade for the next ten years is to sell bonds and buy energy. Gas, coal, oil, conventional, unconventional, renewable, alternative. You have a whole portfolio of choices.
June 10th, 2009 | Dan Denning | 10 comments | Continued
