Sunday, August 14, 2016

Notes from Mumbai

October 18, 2009 by · Leave a Comment 

The Daily Reckoning Funny story. Before Chris and I arrived in Mumbai, we’d been invited to join a reader for dinner one evening. We did so on Tuesday. Today, we met the same guy, a former treasurer for the Indian stock exchange, it turns out, for lunch. He took us around to his office… a [...]

Selling Gold Bullion

October 9, 2009 by · Leave a Comment 

Yesterday’s record setting developments have many opportunistic precious metals investors selling gold bullion, but the question remains where these fortunate, short-term profiteers will place their newly reaped funds. Some of these investors are no doubt using their bullion returns for much needed assistance during these turbulent economic times, but many wise investors are selling gold [...]

Is the Dollar Being Removed from Oil Trades?

October 6, 2009 by · Leave a Comment 

The Daily Reckoning Today we’re already seeing a HUGE currency rally versus the dollar, on the news that the Reserve Bank of Australia (RBA) opted to go ahead and hike rates now, rather than wait for November’s meeting… Which I thought they would do! WOW! The first hike has opened Pandora’s Box of interest rate [...]

Weekly Market Recap 10/02/09

October 3, 2009 by · Leave a Comment 

Just when Wall Street wanted you to think it was okay to wade back into the stock market, some all too familiar sharks continued to muddy the water for investors. The Fall of 2008 marked the beginning of the biggest financial down slide in the U.S. since the Great Depression. Unfortunately, not much has changed [...]

Gold Reclaims $1000, Silver Surges, Stocks Decline Slightly

October 1, 2009 by · Leave a Comment 

Precious metals were on fire Wednesday as a weakened US dollar helped gold jump back above $1,000 an ounce. The yellow metal also benefited from a huge rally in crude oil prices. By day’s end, gold and silver recorded their biggest gains in nearly four weeks. US stocks were less fortunate, falling slightly on the [...]

Commodity Currencies Rebound Versus the Dollar

September 30, 2009 by · Leave a Comment 

The Daily Reckoning Well… Instead of a “turn around Tuesday”, we’re seeing a whiplash Wednesday! And for once the Big Dog (euro) (EUR) didn’t lead the other little dogs (currencies) off the porch to chase the dollar down the street! No… This time it was the currencies of Australia (AUD) and New Zealand (NZD) that [...]

2000-P Sacagawea Cheerios Dollar

September 10, 2009 by · Leave a Comment 

Only in America would there be cash in a cereal box as a prize. This is the case for the now famous 2000-P Sacagawea Cheerios Dollar. To a surprised coin collector, not only are these coins free with the purchase of a box of cheerios but they are unique and collector’s items. Absent from all [...]

Three Innovative Ways to Hedge Inflation

August 17, 2009 by · Leave a Comment 

Mike Kane submits: There has been much conjecture over the last few weeks about what kind of environment we will see over the next few years- one that is deflationary, or one that is inflationary. There is no doubt in my mind that we will see the latter, due to our suffocating debt, fiscal irresponsibility, [...]

Protesters block road to Fortuna’s silver/gold project in Mexico

April 16, 2009 by · Leave a Comment 

A group of demonstrators have “illegally” blocked the main access road to Fortuna Silver Mines; San Jose silver-gold project, as well as the nearby San Jose del Progreso town, the firm reported on Thursday. The group, which ranges from 10 to 50 people, is mainly comprised of people from outside the immediate are of the [...]