All Entries in the "Precious Metals" Category
The Mergers Continue for the Base Metal Producers
Three weeks ago I woke up to a 10% hair-cut as Canadian Government decided to impose a tax on income trusts. Today I woke up to a 27% gain as Freeport McMoRan made a bid for Phelps Dodge. Needless to say, today was more fun. If you are keeping count Phelps Dodge is the 3rd [...]
Navigating Thru a Trading Fiasco
Two weeks ago the Canadian government announced that it was imposing a new tax on income trusts. This announcement shocked the market and sent the Toronto Stock Exchange S&P/TSX composite index spiraling down 2.4% for the day. To put that in US terms that was the equivalent to a 300 point drop in the DOW. Billions of [...]
Dollar Declines After Reuters Says China May Diversify Reserves
I wrote an article a few months back titled “A Simple Relationship to Put Money in Your Pocket”. In that article, I talked about how interest rates and bonds were inversely correlated. Well, the dollar and gold is another inverse relationship. The big news on Thursday was that China plans to diversify its foreign-exchange reserves. [...]
The Commodities Bull Market is Back
This article was updated on 11/6. So, if you read it once it is worth a second read. It was just a few short months ago many were saying the bubble had burst in commodities. First of all, I never bought into the bubble talk. How can there be a bubble in commodities - when not one of [...]
Are you Diversified?
Ned Schmidt makes some excellent points in his article “Moneyization Part Thirty-one.” First he builds the case that you are not as diversified as you may think. The foundation for retirement in the U.S. has two components, the 401-k plan at work and the equity in the worker’s home. Unfortunately, the retirement plan components, 401-k’s for [...]
5 Ways to Own Bullion
If you wanted to purchase bullion before the Gold and Silver ETFs existed your options were coins and bars of differing weights and various certificate programs. Pictured on your left is the American Buffalo 24-Karat 1-oz Gold coin. This program was just started in December 2005. Stop by your local coin dealer and pick up a few. Better pricing [...]
Toronto Stocks Nosedive on Trust Tax Decision
Canada is home of some of the world’s finest natural resource companies. There you will find miners of precious and base metals as well as oil and natural gas producers. Two of my largest winners this year, Falconbrige and Inco, are both Canadian base metal companies. Investors in search of big dividends often find their [...]
Can You Spell Commodity?
I am probably starting to sound like a broken record, but this is some good stuff. Jim Rogers, the man who called the commodity boom seven years ago, ”This is a great time to invest in commodities ……. Supply of things like base metals, oil and rubber is crimped after years of underinvestment in mines and oilfields [...]
The Commodity Bull Market is in its Infancy
In Ron Paul’s article from last week, he stated that he favored less taxes on everyone – rich, middle class and poor. The premise is that the money is much better utilized in our hands than by Congress. Our three options save, invest or spend – all benefit and drive our economy. The impact on savings [...]
The Commodities Bull Market is Back
Article was updated on 11/6. View Update
