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Posted
Oct 13 2009, 06:46 PM
by
InvestorPlace
Rating:
Money Blog: Top Stocks Blog - MSN Money
This article was written by InvestorPlace.
In the 1970s, when crude prices were skyrocketing and demand was high, a new industry emerged: Offshore drilling.
"Why limit ourselves to land," the energy companies asked, "when there is so much wealth under the sea?" Now, gold companies are asking themselves the same question. And the result is a new industry that sounds like science fiction: Mining for gold at the bottom of the ocean. Mining the seafloor is in its infancy, but has all the potential that offshore oil and gas drilling held a few decades ago. Start-ups abound, and venture capitalists are racing for a piece of the pie.
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Posted
Oct 08 2009, 10:43 AM
by
Anthony Mirhaydari
Rating:
Money Blog: Top Stocks Blog - MSN Money
After removing the inflationary effects of the Fed's dollar printing, stocks are now sitting at the lows reached after the swoon in early September. By looking at the relative performance of the S&P 500 to gold futures, investors are nearing something of a decision point.
One of two things can happen from here. Gold, which blasted to a new high of $1,044 on Wednesday, could continue to outpace stocks. Or we could see gold cool off and stocks start posting some real, inflation-adjusted gains.
My guess is the September lows for the stock-to-gold ratio will serve as critical support for another move higher. Why? Well the two big movements in the gold-adjusted S&P 500 occurred between
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Posted
Oct 07 2009, 01:41 PM
by
Minyanville
Rating:
Money Blog: Top Stocks Blog - MSN Money
This article is written by Minyanville's Kevin Depew When Sony Pictures Animation announced it was producing an animated film version of the entertainingly bizarre 1978 children's book "Cloudy with a Chance of Meatballs" featuring Mr. T as a voice for one of the main characters, the most striking thing about it was the $100 million budget. Seemed like a lot for an animated film, even for Sony.
The obvious question was this: How will this affect the Mr. T Gold Indicator? "Houston, do we have a flop?" Not so fast. See also, Why Gold Keeps Climbing, and Why it Could Stop Here we are, barely into the fourth weekend of release, and the film's domestic gross has already passed the $80 million mark.
"Bullion, we have a problem."
What those box office figures mean is that this film will easily surpass the total box office gross for Mr. T's last big hit, "Rocky III," which pulled in $125 million domestically over its run. And it will probably even surpass it this weekend.
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Posted
Oct 05 2009, 03:38 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
Cash4Gold is a low-rent business that buys cheap television time to promote its program in which people to send it gold in exchange for cash. Turn that old jewelry into money.
It turns out that Cash4Gold is an outstanding business. According to TechCrucnh and The New York Post, the company made $30 million on $90 million in revenue and sales are on track to hit $160 million this year.
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Posted
Sep 21 2009, 10:25 AM
by
Minyanville
Rating:
Money Blog: Top Stocks Blog - MSN Money
This article is written by Minyanville's Terry Woo
Dollar bears overstaying their welcome?
Bearish bets against the US dollar are becoming more and more crowded, so says Mark Gongloff of the Wall Street Journal. There are a number of reasons for the sentiment, among them, a burgeoning US budget deficit.
But Gongloff warns that these bets could sour quickly, especially if a US economic recovery comes faster than expected.
A full recovery of the US consumer seems unlikely, but the country merely has to outperform its foreign competitors. For more on the US economy, see Mike Shedlock’s Evaluating the Odds of a Double-Dip Recession.
From the Bull Pen: If you believe that fears of dollar weakness are overdone, the 20+ year treasury bond ETF (TLT) is one vehicle to consider. Sell stops can be set around $95 to $94 depending on your risk profile.
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Posted
Sep 18 2009, 04:41 PM
by
John Reese
Rating:
Money Blog: Top Stocks Blog - MSN Money
My investment philosophy is rooted in the idea that beating the market is less about reinventing the wheel and more about listening to the right people. That's how I came to develop my Guru Strategy computer models, and it's why I take a look every Friday at what the market gurus I follow are saying.
In a week in which the economy has shown several signs of life, a number of these gurus have been sounding bullish -- though the optimism has been tempered with some words of caution.
For starters, Warren Buffett -- whose approach is the basis of the Guru Strategy I'm using for Wall Street Survivor -- sounded off this week, saying that the economy has at last leveled off. “We have not bounced, but we’ve quit going down," he told CNBC. "We are on the mend." Buffett pointed to uptrends in the housing market over the past several months as one of the key positive signs. And, in an interview with Fortune, Buffett said he's been buying stocks, with orders in on two picks this week. (He was tight-lipped about just which shares he's purchasing, however.)
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Posted
Sep 14 2009, 02:12 PM
by
Minyanville
Money Blog: Top Stocks Blog - MSN Money
This article is written by Minyanville's Quint Tatro All last week the buzz was in the air ... gold is sticking above $1,000! As rotation occurs, I’ve decided to take a look into the mine and see if I can find some nuggets that are worthy of our capital. See also Is Gold's Price a New Floor?
Several charts in the mining sector merit a closer look from our piercing headlamp, and if gold and silver remain the talk of the town then these plays should hold plenty of upside.
Mind you that the emotional and psychological aspects of trading gold, miners, and other metals are strong, and any trends forming should be respected. All charts are weekly reads. Companhia Vale Do Rio Doce ADS (VALE)
The Trade: Long on break of last week’s high of $21.61. Stop just under the weekly 50 MA.
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Posted
Sep 10 2009, 12:53 PM
by
Anthony Mirhaydari
Rating:
Money Blog: Top Stocks Blog - MSN Money
Late last week I wrote about how conservative assets like gold were attracting new buyers. In the days that followed, it soared over the $1,000 level. But now, with risk appetites on the rise again as stocks push to new highs, gold's flashy move looks like it might be one big head fake.
Veteran market technician and gold watcher Tom McClellan of the McClellan Market Report notes that while stock market tops tend to be quiet, low volatility events; gold tops tend to be violent, blow-off extravaganzas that attract a lot of attention. That's happening now.
Bing: More on gold prices
There are a number of reasons to be worried about the sustainability of the rise in the yellow metal, including a lack of inflationary pressures, calm credit markets, and the artificial boost it has received from the unwinding of hedges by gold miners. But more simply, it can be reduced to speculative excess.
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Posted
Sep 08 2009, 10:16 PM
by
James Dlugosch
Rating:
Money Blog: Top Stocks Blog - MSN Money
With gold hitting $1,000 per ounce again, giant producer Barrick Gold (ABX) announced that it would begin the process of eliminating all gold hedges. In order to pay for the plan, the company will raise $3 billion by selling new shares of its stock.
This move is either the company's brightest move ever or one of the most insanely dumb thing any company has done ever. I vote for the latter. Bing: More on Investing in Gold Succumbing to shareholder pressure, management claimed that its gold hedges had weighed down the valuation of shares in a rising-price environment.
The hedges basically commit the company to selling gold at specified prices. The idea is to guarantee consistent cash flow for the company. But as the price of gold has increased, the hedges forced Barrick to sell gold at less than market value.
By closing the hedges, Barrick can get more for its gold and more for shareholders – if the price of gold keeps rising. In effect, this is a huge bet on $1,500 or $2,000 gold.
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Posted
Sep 08 2009, 07:39 AM
by
Minyanville
Rating:
Money Blog: Top Stocks Blog - MSN Money
This article is written by Minyanville's Lance Lewis
I was wrong about gold breaking out last month. See Gold to Break $1,000 This August. Turns out the yellow metal didn’t break out over $1000 until eight days later (i.e. today).
Now that we’ve gotten that out of the way, what now? A vast amount of ink has been spilled over the past several days by analysts trying to divine what gold’s rally "means." The most popular opinion appears to be that it’s just random noise and means nothing. However, let’s go to the scoreboard and see if that view is generally correct. For more on where the metal is headed, see Will September Patterns Hold for Gold?
Bing: Precious Metals
First, let’s start with a little history. Gold peaked at $850 after its 2400% romp in the 1970s and then cratered. At the time, inflation was the big concern, and many claimed gold’s decline was just a bubble collapsing and that inflation would be a problem forever going forward. Turned out that 1980 was the peak in long-term interest rates and most commodity prices per the CCI equal-weighted commodity index. Gold went nowhere but down from 1980 to 2001, just as the CCI and inflation did. So in a very real sense, gold told you quite accurately that inflation was falling and would keep falling.
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