Battle for Asarco to face key test in Texas court
October 19, 2009 by goldguru · Leave a Comment
India’s Sterlite Industries and Grupo Mexico SAB de CV will head to court on Monday to begin the final stage of their year-long face off for control of bankrupt US copper miner Asarco. US District Court Judge Andrew S. Hanen will consider in a hearing whether to take a US bankruptcy judge’s recommendations and allow [...]
In Search of a One-Armed Economist
September 29, 2009 by goldguru · Leave a Comment
The Daily Reckoning How are we doing? Our Trade of the Decade, that is? Yesterday, gold took a big dip down – minus $15. It closed under the $1,000 level. Now we’ll find out if the Chinese are supporting it at $1,000…or not. If so, it should soon bounce back. If not…well, who knows? But [...]
Bankruptcy Stimulus
March 24, 2009 by goldguru · Leave a Comment
We should have learned from Japan before “rescuing” AIG…THE DISTRACTION on Capitol Hill this week remains the jackpot bonuses that executives at AIG recently received, writes US Congressman Dr.Ron Paul. The argument is over a relative drop in the bucket. The total amount of bonuses given out was $165 million. The government has put more [...]
