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By Monty Guild & Tony Danaher, on September 28th, 2009
The end of September is here. We wish you a happy and healthy fall season in the northern hemisphere and spring in the southern hemisphere.
THE G-20 MEETING
Last Thursday and Friday, the G-20 meeting was held in Pittsburgh. At this meeting, it was decided that world economic power, which had been the bailiwick of the eight G-8 countries, should be broadened to give more voice to twelve additional countries. This gives the G-20 power to set world economic policies. The Group of 20 includes Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, . . .
Continue Reading: U.S. DOLLAR – WE EXPECT IT TO FALL
By Monty Guild & Tony Danaher, on September 25th, 2009
Here is an article that I thought would be of interest to all of our readers. As the author states clearly the major rating agencies disgraced themselves in rating structured financial products. Why should they be given inside information on companies? The system is clearly broken and one cannot trust the rating agencies to do useful research
HIGH & LOW FINANCE
New S.E.C. Rule Heightens Risk of Insider Trading
By. Floyd Norris
The Securities and Exchange Commission spends a lot of time and money trying to discover insider trading in stocks. But when it comes to structured financial products . . .
Continue Reading: MAJOR BOND RATING AGENCIE’S IMCOMPETENCE
By Monty Guild & Tony Danaher, on September 25th, 2009
By Monty Guild & Tony Danaher, on September 18th, 2009
THE U.S. DOLLAR IS THE KEY TO THE PRICE OF GOLD, OIL, U.S. STOCKS AND FOREIGN STOCKS.
GOLD RECENTLY BROKE THROUGH 1,000 DOLLARS PER OUNCE.
There are two main fundamental reasons for the recent price rise:
1. Gold hedges are being removed by many gold mining companies.
Our wise friend Jim Sinclair makes an interesting point this week when he comments that many gold mining companies have hedged their future gold production in the form of sales with recourse to the company balance sheet. We all knew this and have warned our readers about it for years. The . . .
Continue Reading: GOLD PASSES 1000
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