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By Terry Macalister
Guardian.co.uk
Monday, February 8, 2010
Sir Richard Branson and fellow leading businessmen will warn ministers this week that the world is running out of oil and faces an oil crunch within five years. |
By David Weidner
Wall Street Journal
Monday, February 8, 2010
Wall Street reform died this week. It died Tuesday before the Senate Banking Committee from unnatural and illogical causes: the finance lobby, obstruction, fear-mongering and plain ignorance.
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By Jack Ewing
New York Times
Monday, February 8, 2010
Whether he likes it or not, Jean-Claude Trichet is not just the president of the European Central Bank. Mr. Trichet, 67, is also the de facto president of Europe, at least for the 16 nations that rely on the euro as their common currency. |
By Michael McKee
Bloomberg
Monday, February 8, 2010
Small businesses are becoming the Achilles heel of the U.S. recovery by limiting growth and job creation.
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By Rowena Mason
Telegraph.co.uk
Monday, February 8, 2010
The oil price may have risen fairly steadily since its lows of $37 per barrel last year but petrol fumes have been causing energy majors the biggest headache lately. |
By James West
MidasLetter.com
Friday, February 5, 2010
When we first wrote up First Gold Exploration (TSX.V:EFG) back in December last year, the company was trading below $0.20. Now, a mere three months later, the company has tripled in value, thanks mainly to the outstanding success the company has realized at its Pivert/Rose property in James Bay are of Quebec.
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By Chirstopher S. Rugabaer
ABC News
Friday, February 5, 2010
Job losses during the Great Recession have been huge and they're about to get bigger. |
By Rob Delaney
Business Week
Friday, February 5, 2010
Eric Sprott, whose Sprott Hedge Fund increased more than fivefold in nine years, said gold may rise to $1,500 an ounce this year and $2,000 within two years as the U.S. government takes measures to counter the credit crunch.
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By Mark Whitehouse
Wall Street Journal
Friday, February 5, 2010
Concerns about the ability of the U.S. economy to create jobs added to a broader wave of fear about European finances, as fresh data showed unemployment claims rising and companies managing to boost production without adding workers. |
By William D. Cohan
New York Times
Friday, February 5, 2010
Now that we have pulled back sufficiently far from the near “destruction of the modern financial system” — as the former Treasury Secretary Henry Paulson described the events of 2008 in his new memoir, “On The Brink” — to focus on how to prevent such a calamity from recurring, the time has come to hear from those players in the drama who really know what happened and why.
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By Myra Butterworth
Telegraph.co.uk
Friday, February 5, 2010
Despite the recession being declared over, many households are still unable to live within their means.
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By James West
MidasLetter.com
Thursday, February 4, 2010
Everyone knows, in the mining world, that a company is only as good as its people. The latest addition to the TSX Venture Exchange comes from Goldgroup, best thought of as a well-oiled discovery machine.
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By Chelsea Emery
Reuters
Thursday, February 4, 2010
U.S. business bankruptcy filings rose 7 percent in January from a year ago, according to a bankruptcy data provider on Wednesday, as the sluggish economy hurt sales and hindered businesses' ability to refinance heavy debt obligations.
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By Lynnley Browning
New York Times
Thursday, February 4, 2010
A suitcase containing $1 million in shrink-wrapped bills, hand-carried into New York by the former president of Gabon for his daughter to buy a Manhattan apartment.
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By Lucy Hornby and Ben Blanchard
Reuters
Thursday, February 4, 2010
China dismissed U.S. threats to get tough on trade and exchange rates to ensure American goods are not disadvantaged, saying on Thursday that its currency was at a reasonable level.
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By Svenja O’Donnell
Bloomberg
Thursday, February 4, 2010
The Bank of England paused its 200 billion-pound ($317 billion) bond-purchase plan and left open the option to buy more as officials gauge the health of the U.K.’s recovery.
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By James Quinn
Telegraph.co.uk
Thursday, February 4, 2010
The United States' top credit rating could be at risk should its nascent economic revival not develop into a full-blown recovery, Moody’s Investor Service has warned.
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By James West
MidasLetter.com
Wednesday, February 3, 2010
Rusoro Mining Ltd. (TSX.V:RML) could be one of the lowest cost gold producers in the world, now that Venezuela has devalued its currency. And this could present a curious dilemma for investors.
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By Barry Seargent
MineWeb
Wednesday, February 3, 2010
Listed gold stocks jump as much as 40% overnight, as dollar gold bullion records its best daily gain in three months.
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Globe and Mail
Wednesday, February 3, 2010
The Treasury Department says it expects to hit the government's debt ceiling by the end of February, putting pressure on Congress to raise the limit from its current level of $12.4-trillion.
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Bloomberg
Wednesday, February 3, 2010
The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time.
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By Kathleen Madigan
Wall Street Journal
Wednesday, February 3, 2010
Last year was a terrible one overall for global trade. Volumes fell by 14.4%, according to the World Bank.
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By David Streitfield
New York Times
Wednesday, February 3, 2010
In 2006, Benjamin Koellmann bought a condominium in Miami Beach. By his calculation, it will be about the year 2025 before he can sell his modest home for what he paid. Or maybe 2040.
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The Economist
Monday, February 1, 2010
Last year was a terrible one overall for global trade. Volumes fell by 14.4%, according to the World Bank.
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By David Reilly
Bloomberg
Monday, February 1, 2010
The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all.
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By Paul Volcker
New York Times
Monday, February 1, 2010
Here in the United States as elsewhere, some of the largest and proudest financial institutions — including both investment and commercial banks — have been rescued or merged with the help of massive official funds. Those actions were taken out of well-justified concern that their outright failure would irreparably impair market functioning and further damage the real economy already in recession.
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MyBankTracker.com
Monday, February 1, 2010
Last Friday proved to be another busy day for FDIC regulators as they made the closing rounds for six more banks.
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By Jonathan Weisman
Wall Street Journal
Monday, February 1, 2010
President Barack Obama will propose on Monday a $3.8 trillion budget for fiscal 2011 that projects the deficit will shoot up to a record $1.6 trillion this year, but would push the red ink down to about $700 billion, or 4% of the gross domestic product, by 2013, according to congressional aides.
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By Dan Wilchins
Reuters
Monday, February 1, 2010
Banking insiders insist that President Barack Obama will find it tough to rein in their risk taking, but risk managers and others say regulators really can make a dent in Wall Street's casino culture.
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By Tania Brannigan
Guardian.co.uk
Tuesday, January 26, 2010
Since 2007, when South Africa fell behind, China has been the world's biggest gold producer. Now the World Gold Council and industry analysts believe it may have overtaken India – for centuries the dominant buyer – to become the biggest consumer too.
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By Justin Lahart
New York Times
Tuesday, January 26, 2010
Home sales plunged in December, raising fresh concerns over the housing market's ability to recover when government support winds down.
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By By Kim Kyoungwha and Nicholas Larkin
Bloomberg
Tuesday, January 26, 2010
Even after a record 57 percent rally last year, platinum is cheap relative to gold, signaling more gains as demand grows from carmakers and exchange-traded funds.
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By Jad Mouawad
New York Times
Tuesday, January 26, 2010
Despite a crippling recession and tight credit markets, the American wind power industry grew at a blistering pace in 2009, adding 39 percent more capacity.
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By Tania Brannigan
Guardian.co.uk
Tuesday, January 26, 2010
Since 2007, when South Africa fell behind, China has been the world's biggest gold producer. Now the World Gold Council and industry analysts believe it may have overtaken India – for centuries the dominant buyer – to become the biggest consumer too.
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By Peter Kovan
Financial Times
Monday, January 25, 2010
In the mad rush to secure lithium and rare-metals deposits around the world, a new player has grabbed the spotlight.
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By Charlotte Banks
Telegraph.co.uk
Monday, January 25, 2010
Last year proved to be a good one for hard commodities around the globe. Demand from emerging markets such as China held up better than expected in light of demand contraction in the West.
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By Ben Blanchard
Reuters
Monday, January 25, 2010
With the two giant nations joined at the hip economically, Sino-U.S. tensions are unlikely to escalate into outright confrontation, but could make cooperating on global economic and security issues all the more difficult.
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By Charles Bagvi
New York Times
Monday, January 25, 2010
The owners of Stuyvesant Town and Peter Cooper Village, the iconic middle-class housing complexes overlooking the East River in Manhattan, have decided to turn over the properties to creditors, officials said Monday morning.
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By Dave Simms
CBC News
Monday, January 25, 2010
An obscure phenomenon in the business world — the pricing of iron ore — is quickly escalating into a high stakes melodrama that some believe could end up benefiting Canadian iron-mining companies.
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By Chad Bray
Wall Street Journal
Friday, January 22, 2010
The December jobs report has doused the hope that we were at the beginning of a sustained economic recovery
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By Cary O’Reilly and Justin Blum
BusinessWeek
Friday, January 22, 2010
A Smith & Wesson Holding Corp. sales executive and a former U.S. Secret Service officer were among 22 officials at companies that supply law enforcement and the military who were charged with violating U.S. anti-bribery laws.
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By Mortimer Zuckerman
Wall Street Journal
Friday, January 22, 2010
The December jobs report has doused the hope that we were at the beginning of a sustained economic recovery
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By Zachary Kouwe
New York Times
Friday, January 22, 2010
Federal prosecutors on Thursday unveiled grand jury indictments against seven people in the wide-ranging insider-trading case involving the Galleon Group and numerous other hedge fund traders, lawyers and corporate executives.
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New York Times
Friday, January 22, 2010
Two former partners of the accounting firm Ernst & Young each have been sentenced in New York to more than two years in prison after they were convicted of tax shelter charges.
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Archive |
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 James West | Archive |
By James West
MidasLetter.com
Monday, January 25, 2010
Its difficult to divert one’s thoughts from the ordeal being suffered by the Haitian people at this point – especially after the stupendous news of another 5.9 magnitude aftershock. But the decision by the Supreme Court of the United States to abolish limits on corporate contributions to election campaigns must not pass without comment, as it will have consequences everlasting for democracy as a system of thought and governance.
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Marc Faber | Archive |
By Marc Faber
GloomBoomDoom.com
Sunday, Jauary 3, 2010
The only near-term factor in support of the US dollar is the fact that bearish sentiment is widespread, and that other paper currencies are also subject to their central banks’ printing machines, which on renewed economic weakness would also go into overdrive. As a result, my favourite currency remains gold, whose supply is extremely limited.
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James West | Archive |
By James West
MidasLetter.com
Monday, December 28, 2009
As 2009 lurches to a close, the Christmas break, for as long as it lasts, generally provides an ideal opportunity to contemplate sundry performances of the past year in preparation for the development of the generally futile New Years Resolution.
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Phillip Davis | Archive |
By Phillip Davis
PhilStockWorld.com
Thursday, November 12, 2009
$2.5 Trillion - That’s the size of the global oil scam. It’s a number so large that, to put it in perspective, we will now begin measuring the damage done to the global economy in "Madoff Units" ($50Bn rip-offs).
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James West | Archive |
By James West
MidasLetter.com
Wednesday, November 4, 2009
The price performance of gold recently has all sorts of armchair economists waxing philosophical on the idea that this is the advent of a price “bubble”. While certainly everyone has and is entitled to their opinion, there are other features of humanity that we all possess, and much like many opinions, are best obscured from view.
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Nouriel Roubini | Archive |
By Nouriel Roubini
RGE Monitor
Wednesday, November 4, 2009
Although the G20 finance ministers pledged stronger prudential regulation and financial oversight of systemically important firms at their September meeting, there is no consensus yet among regulators, lawmakers and academics on how best to proceed.
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Lawrence Tout | Archive |
By Lawrence Tout
MidasLetter.com
Tuesday, November 3, 2009
It is ironic that mainstream economists and politicians are barking about the end of the recession and the beginnings of an economic recovery, when the hidden reality is that the underlying health of the economic system not much better (and some would argue worse) than one year ago when panic reigned in the markets.
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James West | Archive |
By James West
MidasLetter.com
Thursday, October 13, 2009
It's fascinating how many economists and bankers argue against the re-establishment of gold as an official monetary standard. An analysis of its price performance over time relative to G7 currencies demonstrates that, as a barometer of national currency health, there is nothing more reliable.
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James West | Archive |
By James West
MidasLetter.com
Tuesday, October 6, 2009
The breaking of the old record high price for gold today is no surprise to long-time critics of American and thus global financial policy. Regardless of how much spin you can generate from a compromised media, the laws of supply and demand re-assert themselves inevitably.
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James West | Archive |
By James West
MidasLetter.com
Thursday, October 1, 2009
Those who read the contrarian and alternative financial commentators may well be forgiven for wondering why the financial doomsday oft predicted hasn’t quite materialized.
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Gene Arensberg | Archive |
By Gene Arensberg
Got Gold Report
Monday, September 7th, 2009
ATLANTA – Bam! Gold breaks out of its huge consolidation triangle, Wednesday, September 2. What are we going to do now? Why, for the short-term trading portion of the ammo pile, we are going to execute trading strategy and let the strategy do the trading of course. More about that below.
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Gene Arensberg | Archive |
By Gene Arensberg
MidasLetter.com
Monday, July 20th, 2009
ATLANTA – With any major market reversal trade it is essential to first develop confidence in the trade. Confidence enough to deploy capital in a suitable investment vehicle (and in enough size) to make it worthwhile.
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Andrew Hoffman | Archive |
By Andrew Hoffman
MidasLetter.com
Thursday, July 9, 2009
As you know, Congressman Ron Paul of Texas is one of my heroes, a real-life American Patriot in a world of sleezy, self-serving, amoral politicians.
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Aaron Hoddinott | Archive |
By Aaron Hoddinott
Pinnacle Digest
Thursday, July 9, 2009
In this blog I’m revisiting my favorite subject: investing in oil. I’m passionate about trading & investing in this market and have written about it frequently.
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The Midas Portfolio |
Another Winner!- 122% Gain in 3 months
Recommended March 08
This real sleeper that has the potential to become a household word overnight. The reason is simple: XXX XXXXX. The picture tells the story. Core from drilling completed last month is now at the lab, and if the results continue to demonstrate rich mineralization over long intercepts with good continuity between holes, the stock took off in a northerly direction. With the vast amount of data available to the company, feasibility is scheduled to get under way in 2010.
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Another Winner! - 51% in 4 months!
Recommended February 08
This company's beefy project pipeline continues to yield new discoveries in the oil and gas sector where others thought they had covered everything. Management seems to do everything right, and since our recommendation, the market has been confirming our valuation.
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Another Winner! - 72% in just under 5 months!
Recommended January 08
Yet another home run in the energy sector. This company's strategic focus on Natural Gas is paying off for the company, and the stock is finally paying off for its shareholders.
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GET MIDAS LETTER FREE EDITION
 Sign up for the Midas Letter Free Edition and get the just published report "The Top Ten Emerging Gold Companies To Own in 2009". |
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