Gold prices closed at $1,219.10 an ounce yesterday in New York. Some gold bulls are foreacasting prices may go above $5,000. They may be correct. The chart below compares the Nasdaq tech bubble, the US housing market bubble and gold: Source: MoneyWeek Based on the above chart, gold has a long way to go before …
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After the BP Deepwater Horizon disaster, stocks of oil service companies that perform work in the Gulf of Mexico have fallen heavily. However according to a Bloomberg BusinessWeek article these stocks offer opportunities for investors with a long-term view. The following oil service companies are mentioned in the article: Cameron International (CAM) Halliburton (HAL) Transocean …
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As the Euro dipped to a four-year low and stocks fell further today gold prices rose. Gold for August delivery rose 0.6% to reach $1,217,90 an ounce on the New York Mercantile Exchange. South Africa no longer holds the title of the world’s largest gold producer.Currently China is the world’s top gold producing country. The …
The following five European stocks trading as ADRs in the US markets currently have dividend yields of more than 5%: 1. Company: Reed Elsevier NV(ENL) Sector: Printing & Publishing Country: The Netherlands Current Dividend Yield: 6.91% 2. Company: Magyar Telekom Nyrt (MTA) Sector: Telecom Services Country: Hungary Current Dividend Yield: 10.61% 3. Company: Repsol YPF …
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The Flip Side of China’s Economic Miracle BP Oil Leak May Last Until Christmas in Worst Case Scenario Mexico is well positioned for any global recovery Stiglitz: China must change local gov’t model Extending unemployment insurance is the fiscally responsible thing to do Prepare for the bears Are current gold prices sustainable?