Thursday, February 4, 2010

Stocks Sink amid New Worries

U.S. stock prices slid dramatically, as the Dow closed near 10,000 points for the first time in three months. Anthony Mason reports that high unemployment and European markets may be the cause.


The social Security Medicare and Medicaid all Bankrupt says Bob Chapman

The Government cannot guarantee anything it is bankrupt , the safest place to be is gold and silver says Bob Chapman ....


Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.

Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.

Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.

In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster..

Silver shares down by about 7.6%

In midday trading Thursday, Silver shares were relative laggards, down on the day by about 7.6%. Helping drag down the group were shares of First Majestic J


McCullough Gold will go again below $1000/oz

McCullough Favors Dollar Bearish on Gold, China


Feb. 4 (Bloomberg) -- Keith McCullough chief executive officer of Hedgeye Risk Management and a Bloomberg Television contributing editor, talks with Erik Schatzker about his investment strategy for gold and the dollar. McCullough also discusses the Obama administration's proposal to prohibit commercial banks from owning hedge funds and limit how much they could trade for their own accounts. (Source: Bloomberg)


Mastercard Selander Discusses Company Growth

Feb. 4 (Bloomberg) -- Robert Selander, chief executive officer of Mastercard Inc., talks with Bloomberg Television about the outlook for company growth. (This report is an excerpt. Source: Bloomberg)


Crude Tumbles On Strong Dollar

02/04/10 Front month crude prices took a big hit this session by falling more than 2% on a stronger dollar and weak jobless claims figures.


European Big Oil titans Royal Dutch Shell, BP Increased earnings

There is earnings and deal news to tell you about out of Europe's big oil titans. Royal Dutch Shell (RDS) posted fourth quarter earnings of $1.96 billion, as compared to a loss of $2.81 billion in the same quarter last year, when the company took a huge write down on the decline of oil prices.


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