Bob Chapman on The International Forecaster on Erskine Overnight 23 January 2010
"this is a corporate fascist country " it has nothing to do with capitalism days Bob Chapman , the too big to fail should be left to fail .....
Monday, January 25, 2010
The Government is using Derivatives to push Gold Price Down says Bob Chapman
"this is a corporate fascist country " it has nothing to do with capitalism days Bob Chapman , the too big to fail should be left to fail .....
Barratt Says Platinum Stand-Out Among Precious Metals
Barratt Says Platinum Stand-Out Among Precious Metals
Jan. 25 (Bloomberg) -- Jonathan Barratt, the Sydney-based managing director with Commodity Broking Services Pty, talks with Bloomberg's Bernard Lo about the outlook for gold and platinum prices. Even after a record 57 percent rally last year, platinum is cheap relative to gold, signaling more gains as demand grows from carmakers and exchange-traded funds. (Source: Bloomberg)Platinum Overtaking Gold as Metal of Choice With Rebounding Sales of Cars
Jan. 25 (Bloomberg) -- Even after a record 57 percent rally last year, platinum is cheap relative to gold, signaling more gains as demand grows from carmakers and exchange-traded funds.
An ounce of platinum buys 1.41 ounces of gold, down 42 percent from the record 2.43 ounces in 2001 and 23 percent less than the 10-year average, data compiled by Bloomberg show. Automakers, the biggest buyers, will expand output 20 percent this year, said Evan Smith, who helps manage $2 billion at U.S. Global Investors. Hedge funds raised their bets 163 percent in 2009, about twice gold’s increase. ETF Securities Ltd. funds lifted holdings to a record 598,104 ounces.
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An ounce of platinum buys 1.41 ounces of gold, down 42 percent from the record 2.43 ounces in 2001 and 23 percent less than the 10-year average, data compiled by Bloomberg show. Automakers, the biggest buyers, will expand output 20 percent this year, said Evan Smith, who helps manage $2 billion at U.S. Global Investors. Hedge funds raised their bets 163 percent in 2009, about twice gold’s increase. ETF Securities Ltd. funds lifted holdings to a record 598,104 ounces.
Read Article >>>>
How Common Mistakes Mangle Your Credit Score
Find out how many points your credit score will drop if you make one of these common mistakes.
Asian and European stocks drop overnight
Week Ahead Market Report: 1/25/2010
Asian and European stocks drop overnight. Heavy earnings news and political events will make this a very busy week for US investors.Asian Markets Kick Off A New Week In The Red
01/25/10 The major Asian/Pacific markets started a new week in the red following a decline in commodity-related stocks.
Exxon Develop Iraq Oil Field
Exxon Mobil (XOM) announced Monday it signed an agreement to redevelop and expand Iraqs West Qurna-1 field. The field is in the southern part of the country.
US Dollar Lower Against the Euro
The US dollar edged lower against the euro on Monday on an improved outlook for fiscally troubled Greece. The greenback was mixed against other currencies.
White House Value Drops Over $15 M
Everybody's property values are dropping…even the President's! Real estate website Zillow says the White House lost 5.1 % of its value over the last year. It's now worth $292 Million.>p>
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