Thursday, August 5, 2010

BP Finishes Pumping Cement Into Blown-Out Well

BP says engineers have finished plugging the blown-out well with cement in their effort to permanently seal it. The company won't comment on the possibility of drilling in the same block of sea floor someday. (Aug. 5)

China Goes for Gold

China wants gold and it needs it to really be established as the new econimical leader.

Go for gold.

New Face of Foreclosure Crisis

FBN's Gerri Willis breaks down the latest cities to be hit with skyrocketing foreclosures.

Get Ready for a Market Selloff

Platinum Partners President Uri Landsman breaks down why the market is headed down during the second half of 2010.

Miner Rio Tinto Reports Record Earnings


In today's market report... Global miner Rio Tinto reported a record first-half profit on Thursday. It was more than double a year ago. Metals prices have recovered and its mines ran close to full throttle supplying China.

Rio Tinto's earnings totaled $5.8 billion, and they also announced an $800 million investment in a Western Australia iron ore facility. It's seen as a vote of confidence in Australia's new government and a reduced mining tax.

Meanwhile Japan's Nikkei today regained ground lost on Wednesday. The dollar rebounded from an eight-month low against the yen. It came on encouraging U.S. employment and service sector data.

Toyota Motor shares climbed after reporting its best operating profit in two years, beating market estimates, and lifting its cautious forecasts. That's despite a sluggish U.S. recovery and a stronger yen.

Elsewhere in the region, China's banking regulator instructed lenders to stop extending mortgages to people buying their third homes in four of the cities where house prices have risen sharply. Property speculation has made housing prices soar since the 1990s, and authorities are now trying to slow that growth. Officials fear sky-high prices in major cities are feeding on themselves and making it impossible for average workers to own a home.

Bob Chapman : Silver should have been $50 today

John Stadtmiller Aug 03 2010- Robby Noel, Bob Chapman- Roundtable


John hosts a weekly financial round table with Robby Noel and Bob Chapman. Some have said this is the best two hours in radio.

Early in the broadcast @ 00:50 John plays a clip of Pete Stark (Congressman of 37 years) saying that the government can do whatever it wants to. Comments from hosts and callers follow.

Later a caller says that there is some regulation that radio stations must stream their broadcasts .Caller wonders if this is a roundabout way to have the FCC regulate the net.

Bob mentions that the government will likely print up 5 trillion over the next two years to keep things afloat. Gold should have been up $50 today, China is starting to buy Gold big time.

In Switzerland people are taking Gold in allocated amounts or in full...rumor says that there might be pending legislation to stop it.

Later around 70:00 John mentions again about Mike Rivero coming to RBN August 23 2010 and he has received email both pro and con.

Another good informative broadcast.

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John Stadtmiller, one of America’s true radio trailblazers with his early creation of “Republic International” (later renamed “Genesis Communications Network”), and now the “Republic Broadcasting Network”, the fastest growing truth radio station in the country.

John’s “National Intel Report” is hard hitting and to the point with information you won’t find in the mainstream media. If you believe the Constitution is the law of the land, but sense that something is seriously wrong in our country, then listen to the “National Intel Report” for the best guests, news and information!
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RBN has some of the best informative shows out there. Their archives are only $1.33 per month. I suggest supporting them and then you don't have to wait for their shows to be uploaded here.

BP Pumps Cement to Kill Gulf Well

Engineers hope to finish 'static kill' of busted oil well

Philip Manduca : Gold Stands At Risk of Correction

Aug. 5 (Bloomberg) -- Philip Manduca, head of investment at ECU Group Plc, talks about his investment strategy for currencies and gold. He speaks with Maryam Nemazee on Bloomberg Television's "The Pulse."
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