The major economic news released yesterday is at odds with the way the market behaved. We’re talking about the news from China that exports dropped 25.7% in February. Imports were down 24.1%. If China makes and the world takes, China is making less because the world is taking less. And of course, China takes from Australia to make for the rest of the world….
March 12th, 2009 | Dan Denning | 0 comments | ContinuedAll Posts Tagged With: "mining"
Emergency Private Pension Plan
The simplest kind of stimulus governments the world over could provide is to cut withholding taxes. Let people keep more of their money from each pay check. People will then do what they have to do. That is, they’ll either use the cash to pay down debts, save it, or spend it. Meanwhile, governments can borrow and spend all they’d like on “shovel ready” projects. This will never happen, of course…
January 14th, 2009 | Dan Denning | 4 comments | Continued
A Tale of Mining Woe
“Rio could easily fall $20 today after BHP canned its takeover bid. But that’s not what investors should take from this. It’s a sign of the times. The mining industry has come to the point where everyone is putting the blinders on. Diggers are focusing on making their own businesses as good as they can. Even the biggest players of all – BHP and Rio.” “To be honest,” the Bard of Bendigo continued…
November 26th, 2008 | Dan Denning | 7 comments | Continued
Australian Resource Shares, What’s Next?
IMF director Dominique Strauss-Kahn tried to kick-start stalled G7 negotiations in Washington this weekend by reminding everyone what was at stake. “Intensifying solvency concerns about a number of the largest U.S.-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown,” he said. It doesn’t get much more direct than that. The truth is, governments are trying to do the impossible. They are trying to make bad loans turn good.
October 12th, 2008 | Dan Denning | 1 comment | Continued
Uranium Shares To Show Gains in Face of $120 Oil
Perhaps the massive blow-up and run-down in uranium shares last year has left your memory. Uranium producers have certainly not been popular of late. There are two uranium companies whose fortunes could be about to change. But to understand why, you should know the full story of uranium. The uranium price from last year reminds us a bit of when Jack tossed those magic beans out the kitchen window. Zip. Pretty soon a massive growth had burst out of nowhere.
May 7th, 2008 | Gabriel Andre | 2 comments | Continued
Riding the Bear & Deep Drilling in Australia
Australia’s deepest on-shore drilling effort doesn’t have anything to do with oil, gas, or mining. It is energy related though. Geothermal hopeful Geodynamics (ASX:GDY) finished drilling its Habanero 3 well in early February to a depth of 4,221 metres. Even if you don’t get all the way through the Earth’s crust at that depth, it’s still pretty hot down there, which is the whole point. Geodynamics hopes to be operating Australia’s first commercial geothermal electric generating plant by the end of this year.
April 30th, 2008 | Dan Denning | 0 comments | Continued
Chinese Foreign Mining Acquisition Equal to All of 2007
Spot coking coal (steel marking) prices have quadrupled in the last 12 months, and in the last two months they’ve doubled. The value of announced cross-border Chinese foreign mining acquisitions so far this calendar year…
April 14th, 2008 | Dan Denning | 0 comments | Continued
A Resource Investors Guide to Understanding Drilling Methods
According to a report released by the ASX last year, 7.3 million Australians own shares. That’s over 46% of the population (one of the highest proportions in the world), and all of them want to optimize their returns. One of the best ways you can develop an investing edge over the teeming masses is to [...]
September 27th, 2007 | Dan Denning | 3 comments | Continued