Monday, June 7, 2010

Stocks Drop as S&P 500 Posts Worst Two Days in 14 Months

June 7 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks declined, sending the Standard & Poor's 500 Index to the biggest two-day loss since March 2009, as Google Inc. and Apple Inc. led a drop in technology shares and Goldman Sachs Group Inc. was subpoenaed in the financial-crisis investigation. Bloomberg's Pimm Fox also speaks. (Source: Bloomberg)

McFadzean Says Gold May Rise to $1,400 by Year End

Bruce McFadzean, managing director of Catalpa Resources Ltd., an Australian gold exploration company, talks with Bloomberg\'s Rishaad Salamat about his forecast for the price of gold.


Bob Chapman : Gold at $36,000 Not as Ridiculous as It Sounds?

Gold at $36,000 Not as Ridiculous as It Sounds?





CNBC.com | May 26, 2010 | 07:20 AM EDT

Gold has reached record highs in recent weeks, but it will continue to rise, Ben Davies, CEO of Hinde Capital told CNBC Wednesday.

Gold should be viewed not as a commodity, but as a cash supplement, Davies said.

“There’s been such proliferation of currency,” he said. “As a consequence, gold is very undervalued.”

“I could be really obtuse and say $36, 000,” he said. “But actually it’s not as ridiculous as it might sound.”

If all the reported Fort Knox gold was re-valued at $36,000 per ounce, it would pay off all the debt in the US, he said.
On Monday, Dennis Gartman reversed his call for gold investors to rush to the exits, saying the precious metal was no longer overbought, but also warned that it was a technical call and he is "not a gold bug."

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.
Bob Chapman : you got to remove these people from the government
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.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt

Lord Monckton on the BP oil spill

We Are Change Chicago sits down with man made global warming sceptic and legend Lord Christopher Monckton.


Exclusive video shots of offshore oil platform - Oil Spill

June 07, 2010 — Video shots from helicopter of Offshore oil platform: "Overhead, you suddenly grasp the enormity of the cleanup task" with FRANCE 24 correspondent Nathan KING reporting in the field.

Nixon Says Solvency Concerns May Weigh on Euro for Years

June 7 (Bloomberg) -- James Nixon, co-chief European economist at Societe Generale SA, talks with Bloomberg's Deirdre Bolton about the outlook for the euro. Nixon also discusses investor sentiment on the European debt crisis, Ireland's fiscal policy and France's credit rating. (Source: Bloomberg)

The Oil Spill Disaster will last for decades

Oil Spill's Long Reach

June 07, 2010How long will oil leak impact Gulf Coast habitats?

Credit Card Death by Firearms

June 07, 2010 — One viewer's credit cards face the firing squad

Global Stock Selloff Continues

June 07, 2010 — FBN's Sandra Smith on stocks falling around the world amid new concerns about Europe's debt crisis.

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