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By Claire O'Connor and James West
MidasLetter.com
Friday, March 12, 2010
Now in their 41st year in business, Louis and son David have succeeded in bringing new life to the Avino mine once dubbed “The Mountain of Silver” by Spanish Conquistadors in 1562.
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By Linda Sandler, Bob Van Voris and Don Jeffrey
Bloomberg
Friday, March 12, 2010
JPMorgan Chase & Co. and Citigroup Inc. helped cause the failure of Lehman Brothers Holdings Inc. by demanding more collateral and changing guarantee agreements, according to a court-ordered report on the biggest bankruptcy in U.S. history.
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By Clive Crook
The Atlantic
Friday, March 12, 2010
Geithner and Summers appear to get along. But what I really want to know is how they have managed it.
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Financial News Online
Friday, March 12, 2010
Commodity Futures Trading Commission chairman Gary Gensler yesterday said the US could adopt new regulations for credit default swaps, the derivative often blamed for the near-collapse of American International Group during the financial crisis.
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By Michael L. de la Merced and Andrew Ross Sorkin
New York Times
Friday, March 12, 2010
It is the Wall Street equivalent of a coroner’s report — a 2,200-page document that lays out, in new and startling detail, how Lehman Brothers used accounting sleight of hand to conceal the bad investments that led to its undoing.
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By Mark Hulbert
MarketWatch
Friday, March 12, 2010
After staging a nearly-$100 rally from early February through early March, gold then gave nearly half that rally back.
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By James West and Claire O'Connor
MidasLetter.com
Thursday, March 11, 2010
Rye Patch Gold (TSX.V:RPM) continues to expand its resource base in the pursuit of a 10 million ounces of gold resource.
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By Devon Maylie
Wall Street Journal
Thursday, March 11, 2010
Currently, China is the world’s sixth largest official holder of the metal at 1,054 metric tons, data from the World Gold Council from the end of 2009 shows.
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By James Quinn
Telegraph.co.uk
Thursday, March 11, 2010
Mexican billionaire Carlos Slim has stripped Bill Gates of his crown as the world’s richest man, as Latin American and Asian entrepreneurs begin to outpace the US and Europe when it comes to wealth creation.
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By Mike Dolan
Reuters
Thursday, March 11, 2010
With economic policy stimuli already at full tilt, no government wants an overvalued exchange rate to slay recovery, and the rival "soft currency" needs are producing some elaborate rhetorical jousting.
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By Ben Moshinsky and Aaron Kirchfeld
Bloomberg
Thursday, March 11, 2010
European politicians and regulators could initiate a continent-wide ban on speculative trading of sovereign credit-default swaps tomorrow. Making it stick without the Americans won’t work.
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By Graham Bowley
New York Times
Thursday, March 11, 2010
For 18 years, Gary G. Gensler worked on Wall Street, striking merger deals at the venerable Goldman Sachs. Then in the late 1990s, he moved to the Treasury Department, joining a Washington establishment that celebrated the power of markets and fought off regulation at almost every turn.
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By Claire O'Connor and James West
MidasLetter.com
Monday, March 8, 2010
Not many junior exploration companies can afford to be actively exploring in three parts of the world at the same time. But with the steady flow of encouraging results that have been flooding through their gates, Everton Resources has been doing just that.
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By MacKenzie Davis and Ken Settles
Barrons
Monday, March 8, 2010
Investing in commodities companies has required MacKenzie Davis and Ken Settles to traipse across the planet, inspecting everything from hydropower plants inside Norwegian mountains to gold mines in the Arctic Circle.
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By Peter S. Goodman
New York Times
Friday, March 5, 2010
The American economy lost another 36,000 jobs - fewer than expected last month - and the unemployment rate remained steady at 9.7 percent, the Labor Department reported Friday.
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By Jonathan T. Orr and James West
MidasLetter.com
Thursday, March 4, 2010
With the image of millions of cars powered by electric batteries dancing in their heads, lithium has investors charged up. The question is who will be able to drive this nascent market forward? Well Pan American Lithium Corp (TSX.V:PL) is a stellar example of why we provide continuous coverage: from promise to punch in the space of two months in a market that could make some people very wealthy indeed.
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By Juro Osawa And Daisuke Wakabayashi
Wall Street Journal
Thursday, March 4, 2010
A Sanyo Electric Co. executive in charge of the company's battery unit said its promising car battery business will remain largely independent from that of parent Panasonic Corp., since Panasonic's close ties to Toyota Motor Corp. may make it difficult for Sanyo to keep other auto makers as customers, due to competitive reasons.
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By Timothy R. Homan and Bob Willis
BusinessWeek
Thursday, March 4, 2010
Claims for U.S. jobless benefits dropped last week from a three-month high, pointing to an improvement in the labor market that is slow to develop.
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Associated Press
Thursday, March 4, 2010
Fitch Ratings said Wednesday the number of credit card defaults surged 1.12 percentage points in January to 11.37 percent, the highest level since a record 11.52 percent in September.
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By Megan Woolhouse
Boston Globe
Thursday, March 4, 2010
The number of foreclosures initiated by lenders in January dropped to the lowest level in more than a year in Massachusetts, an indication that fewer people may lose their homes this year.
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By Shawn McCarthy
Globe and Mail
Thursday, March 4, 2010
Saudi Arabia is increasingly shipping its crude to India and China instead of to the U.S. America's neighbour to the north is taking advantage with its oil resources.
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By Jonathan T. Orr and James West
MidasLetter.com
Wednesday, March 3, 2010
Sometimes company slogans are simply statements of fact. Forum Uranium Corp (TSX.V:FDC) calls themselves ‘Proven Mine Finders’ and they have found many.
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By Steve Hargreaves
CNNMoney
Wednesday, March 3, 2010
President Obama announced Tuesday over $8 billion in federal support for two new nuclear power plants in Georgia, setting the stage for what could be the first completed reactor in this country in over three decades.
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Associated Press
Wednesday, March 3, 2010
Regulators shut down banks in Nevada and Washington on Friday, marking the 21st and 22nd failures this year of federally insured banks.
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By David Pett
Financial Post
Wednesday, March 3, 2010
Simon Johnson, the MIT economist, estimates that the six biggest banks in the United States had combined assets equal to 17% of GDP in 1995.
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By Kevin Hamlin
Bloomberg
Wednesday, March 3, 2010
China’s hidden borrowing may push government debt to 96 percent of gross domestic product next year, increasing the risk of a financial crisis in the world’s third-biggest economy, Professor Victor Shih said.
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Reuters
Wednesday, March 3, 2010
EU internal market commissioner Michel Barnier was quoted on Wednesday as saying Brussels would conduct an internal investigation into the trading of credit default swaps related to Greece and other countries.
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By Claire O'Connor and James West
MidasLetter.com
Tuesday, March 2, 2010
Fjordland Exploration Inc. (TSX-V: FEX) is proving to be quite the diamond in the rough. Based in Vancouver, Fjordland is focused on the discovery of gold, copper and molybdenum deposits in British Columbia, and while still a junior exploration company, they’re attracting attention from the big guns.
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By Glenys Sim
BusinessWeek
Tuesday, March 2, 2010
The price of gold in euros and British pounds jumped to a record as both currencies slumped, prompting investors to buy bullion as a store of value.
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By Kevin Carmichael
Globe and Mail
Tuesday, March 2, 2010
A smaller deficit leaves Canada in a better position to take advantage of the rebound in the global economy.
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By Andrew Ross Sorkin
New York Times
Tuesday, March 2, 2010
“Don’t ask the barber whether you need a haircut.”
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Reuters
Tuesday, March 2, 2010
The government's financial position, reported on an accrual basis that more accurately accounts for long-term liabilities, continued to deteriorate in fiscal 2009, a report issued by the Treasury Department on Friday showed.
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By Damian Paletta
Wall Street Journal
Tuesday, March 2, 2010
Key senators were close to a deal on legislation to overhaul financial regulations, people familiar with the matter said, bringing the U.S. a step closer to sweeping changes to the way banks interact with consumers and the markets alike.
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By Nicholas Larkin and Pham-Duy Nguyen
Bloomberg
Monday, March 1, 2010
George Soros is helping drive up gold prices by doubling his bet in a market even he considers a “bubble” as Goldman Sachs Group Inc., Barclays Capital and HSBC Holdings Plc predict more gains before it bursts.
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By Tom Sullivan
Barron's
Monday, March 1, 2010
Gold appreciated by 10% or more against the world's major currencies in the past decade. More bad news for the buck and pound?
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By Victoria Thieberger
Reuters
Monday, March 1, 2010
The global financial system is radically flawed and radical solutions are needed, so regulators must resist attempts to dilute proposed reforms, a top European watchdog said on Monday.
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By Richard Evans
Telegraph.co.uk
Monday, March 1, 2010
Investors who were conned out of their money by four "boiler rooms" will be refunded – but the regulator has warned of a more dangerous variant of the scam.
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By Neil Dennis
Financial Times
Monday, March 1, 2010
London-listed miners got a strong boost on Monday after metals prices surged in response to fears of supply of copper being hit by a huge earthquake in Chile, one of the world’s big producers.
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Reuters
Monday, March 1, 2010
Chile's biggest copper mines hit by a massive earthquake slowly resumed operations on Sunday despite limited power supplies, which analysts fear could curtail exports from the world's No. 1 producer.
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By James West
MidasLetter.com
Friday, February 26, 2010
First Gold Exploration Inc. (TSX.V:EFG) announced the launch of a new 7,500 metre drill program on the company’s 85%-controlled Lac Pivert/Rose project Lithium and Rare Earths project in Quebec.
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By Lucia Mutikani
Reuters
Friday, February 26, 2010
The Commerce Department said Thursday durable goods orders, excluding transportation, slipped 0.6 percent last month, but overall orders jumped as civilian aircraft bookings surged 126 percent.
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By Les Christie
CNN Money
Friday, February 26, 2010
More bad news on the housing bust front: Nearly 25% of all mortgage borrowers were underwater, meaning they owe more on their loans than their homes are worth.
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By Louise Armistead
Telegraph.co.uk
Friday, February 26, 2010
Hedge funds will have to provide international regulators with detailed information about their trading positions in a move that will lift the lid on the workings of the opaque sector.
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By Ben Casselman
Wall Street Journal
Friday, February 26, 2010
A massive oil reserve buried two miles underground has put North Dakota at the center of a revolution in the U.S. oil industry, a shift that has radically altered the fortunes of this remote area.
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By Sewell Chan
New York Times
Friday, February 26, 2010
The Federal Reserve chairman, Ben S. Bernanke, urged Congress on Thursday not to strip the central bank of its power to regulate banks, warning that to do so would be a “grave mistake.”
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 Claire O'Connor | Archive |
By Claire O'Connor
MidasLetter.com
Sunday, February 28, 2010
Before you throw your laptop across the room in outrage, lurch for the phone in a blind fury, and command connection to the Mainstream Financial Media to indignantly demand why your Financial Times has been robbed of the titles that others must boast, don’t. For some, as yet unknown, reason, the stories of gold have been kept down in the dark mines whence it came. We hear not about them in everyday financial reporting and one has to wonder, why?
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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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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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