Monday, August 15, 2016

Gindalbie receives final regulatory approval for Karara iron-ore development

October 30, 2009 by · Leave a Comment 

ASX-listed iron-ore producer Gindalbie Metals has received its final environmental approval for the development of its Karara iron-ore project, in Western Australia. The decision by the Federal Government’s Department of Environment, which followed the announcement of state environmental approval on September 9, represented the final regulatory approval required for on-site construction and development work at [...]

Watershed Moment for Government Intervention in Private Sector

October 23, 2009 by · Leave a Comment 

October 22, 2009The U.S. Treasury and the Federal Reserve unveiled a set of curbs and rules for executive compensation at U.S. banks that mark a watershed moment for government intervention in the private sector. The Fed is proposing that it more aggressively regulate compensation practices at U.S. American banks under its control. The central bank [...]

The Golden Road Out of Financial Crisis

October 22, 2009 by · Leave a Comment 

The Daily Reckoning “Who goes borrowing, goes sorrowing.” – Ben Franklin Today’s reckoning is going to be short. We’re on the road again…this time to Ireland where our Family office is headquartered. The quote above comes from one of America’s founding fathers. But it was recalled to us neither by America’s president, nor America’s secretary [...]

Brand Disloyalty

October 22, 2009 by · Leave a Comment 

The Daily Reckoning The US dollar is a sort of monetary brand. And like any other brand, it can fall out of favor. Even iconic brands can rapidly lose their “must-have” caché. Sometimes, a brand can disappear entirely, as did Pan American Airways or “Members Only” jackets. But there is always something else waiting to [...]

US Hyperinflation?

October 20, 2009 by · Leave a Comment 

The Daily Reckoning The finance ministers of the Eurozone met yesterday and they’ve tried to stem the euro’s (EUR) rise… But they’ll need more than words to get the job done! And so we begin a new day… Front and center this morning, the currencies – which had given background overnight to the dollar – [...]

Warwick, Atlas Iron merger gets court approval

October 20, 2009 by · Leave a Comment 

Emerging iron-ore explorer Warwick Resources and ASX-listed Atlas Iron on Tuesday reported that the Federal Court had allowed the proposed merger between the two companies to proceed. Warwick would now convene a meeting of its shareholders and optionholders, to consider a schemes of arrangement for the proposed merger with Atlas. Read more….

Gold edges higher as dollar weakens against euro

October 19, 2009 by · Leave a Comment 

By Moming Zhou, MarketWatch NEW YORK (MarketWatch) — Gold futures rose on Monday, as investors embraced more risk, pressuring the dollar, lifting stocks and helping crude-oil futures test new highs for the year above $79 a barrel. Copper also gained more than 4% before giving back some gains after China estimated that its economy grew [...]

Gold at $2,000 Becomes Inflation-Adjusted Bullseye for ‘80 High

October 19, 2009 by · Leave a Comment 

By Pham-Duy Nguyen Oct. 19 (Bloomberg) — Gold’s rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak. While gold rose 19 percent this year to $1,072 an ounce on Oct. 14, consumer prices almost tripled in the past three decades, eroding the metal’s value. Bullion hasn’t kept pace with [...]

Gold Supported by Oil at Yearly High; USD Near Record Lows

October 19, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold Gold is currently trading at $1,055.60/oz. With oil reaching a new high for the year above $79 a barrel, and the Federal Reserve signaling interest rates will stay near record lows for the foreseeable future, the beleaguered greenback fell to a 14-month low on the dollar index. The poor jobs number [...]

Boomers Have Their Backs Against the Wall

October 15, 2009 by · Leave a Comment 

The Daily Reckoning Two important items in the news today: First, Bloomberg reports that retails sales fell 2.1% in September – the biggest decrease this year. Know what that means? It means the “Age of Thrift” is here…and that consumers really are cutting back – just like we said they would. And it means that [...]

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