Streetwise Articles
Pickens Responds to Obama's Nat Gas Fleet Order
Source: Oil & Gas Financial Journal (5/25/11)
"This is the leadership we need on this critically important issue."
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Uranium Spot Price to Trend Upward
Source: IFP (5/25/11)
"Commerzbank estimates that uranium will climb to US$69/lb this year."
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Potash Firm Seeks Mineral Leases from UK Landowners
Source: BBC (5/25/11)
"Under UK laws, mineral deposits at any depth 'from the surface to the Earth's core' are effectively owned by the landowner."
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Gasoline Rises as Goldman, Morgan Increase Oil-Price Forecasts
Source: Bloomberg, Barbara Powell (5/24/11)
"Morgan Stanley increased its Brent oil 2011 outlook by 20% to $120 a barrel; Goldman estimated prices would hit $130."
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Yves Siegel: Baby Boomers Attracted to MLP Yields
Source: Brian Sylvester of The Energy Report (5/24/11)
Master limited partnerships (MLPs) are growing in popularity as baby boomers nearing retirement flock to yield. In this exclusive interview with The Energy Report, Credit Suisse Managing Director and Senior Analyst Yves Siegel targets MLPs that are still growing faster than this burgeoning sector and dispels rumors that MLPs could be subject to new taxes.
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Kevin McCarthy: Closed-End MLPs Offer Simplified Tax Filing
Source: JT Long of The Energy Report (5/24/11)
In the past several years, MLP returns have exceeded S&P 500 performance. Kevin McCarthy, chairman and CEO of Kayne Anderson's four closed-end funds, says MLPs are attractive to investors who seek income and total returns. Although 2011 performance has lagged due, in part, to concerns about possible MLP-taxation changes, Kevin explains why a widespread change in the taxability of pass-through entities is highly unlikely in this exclusive interview with The Energy Report.
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Seven Factors Driving Chinese Gold Consumption
Source: Commodity Online (5/24/11)
"Global economic conditions, cultural roots alike boost demand for the yellow metal."
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Indian Buyers Help Lift Gold Sales in the Middle East
Source: Mineweb, Shivom Seth (5/24/11)
"Indian expats don't just gawk at the glittering gold souks in Dubai. . ."
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Parliamentary Committee Advises Govt to Probe Metals Speculation
Source: Reuters, Silvia Antonioli (5/24/11)
"A number of 'strategically important' metals have shot up to record price levels."
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Shanghai Futures Exchange May Launch Silver Futures in 2011
Source: China Knowledge (5/24/11)
"The largest commodity futures exchange in China is expected to launch silver futures by the end of this year."
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Euro-Dollar Dance Doesn't Fool Gold and Silver Bulls
Source: Jeb Handwerger, Gold Stock Trades (5/24/11)
"Both the USD and euro are in secular long-term downtrends."
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Is Gold a Bad Investment?
Source: Nick Barisheff (5/24/11)
"We need to adopt a new mindset, a gold mindset."
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Buying Silver at 10% Off
Source: Kevin Brekke, Casey Research (5/23/11)
"Diversifying some of your wealth outside the USD is a necessary tactic."
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Rick Rule: Oil Will Be Major Economic Driver
Source: Rick Rule (5/23/11)
Global Resource Investments Founder Rick Rule likes to look for unpopular investments because that usually means the prices are cheap. Today, that means oil, natural gas, uranium and geothermal. In this Energy Report exclusive excerpt from his talk at the Casey Research Conference in Baton Rouge, Rule explains the global forces that will lead to big payoffs in undervalued energy stocks.
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IEA Warns Merkel on Nuclear Decision
Source: UPI (5/23/11)
"Energy security will suffer if Germany decides to shut down reactors."
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Ian Gordon: Gold Stocks Offer Protection from Financial Storm
Source: Zig Lambo of The Gold Report (5/23/11)
Economic cycles, like weather, run in seasons. Longwave Group Founder Ian Gordon explains why he believes the world economy is in the "winter" portion of an approximate 80-year cycle and how the financial excesses of the past 60 years are now being wrung out of the system. Ian also explains how investors can prepare to profit from the coming financial storm by positioning themselves in gold and junior gold stocks in this exclusive interview with The Gold Report.
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Gold Advances to One-Week High on Euro Debt
Source: Bloomberg, Nicholas Larkin and Pham-Duy Nguyen (5/23/11)
"Monetary policy will 'remain accommodative' in coming months."
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Commodities Risk Trade
Source: Adam Hamilton, Zeal Research (5/23/11)
"Risk on, or risk off?"
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Cyclone Season Hits Australia's March Output
Source: Mining Weekly (5/23/11)
"Wet weather had producers ceasing operations or processing lower-grade ore."
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Utah Legalizes Gold, Silver Coins as Currency
Source: From the Trenches World Report (5/23/11)
"Coin sales also will be exempt from any state capital gains taxes."
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Indonesia to Audit Mining Permits After New Laws
Source: Reuters (5/23/11)
"The rules were softer than expected by environmentalists. . ."
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S.A. Mine Wage Negotiations Begin
Source: The New Age (5/23/11)
"S. Africa's National Union of Mineworkers demands a 14% basic wage increase."
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Vietnam Gold Trading Plummets amid High Dong Rates
Source: Reuters (5/23/11)
"An influx of high-quality fake gold also spooked some would-be traders."
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Residents Oppose Mining Project in Historic Comstock Lode
Source: Mineweb, Dorothy Kosich (5/23/11)
"A landmark of gold profits becomes the source of debate."
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