Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Posts Tagged ‘ Glut ’
The World Needs 600 Million New Jobs
By Stephanie KeltonThe International Labor Office (ILO) has just released asobering report on the growing crisis in worldlabor markets. We began the year with 1.1billion people – one out of every three people in the global laborforce&...
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BOA donating homes – then demolishing them
Call me jaded - but altruism from BOA - LOL
EXCERPT:
BofA Donates Then Demolishes Houses to Cut Glut
Lindsey Rupp, On Wednesday July 27, 2011, 10:43 am EDT
Bank of America Corp. (BAC), faced with a glut of foreclosed and abandoned houses it can’...
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Freight Rates Tumbling as 35 Miles of Ships Passes Ore Demand
Freight Rates Tumbling as 35 Miles of Ships Passes Ore Demand
By Alistair Holloway - Jan 10, 2011 8:55 AM ET
At a time when analysts anticipate record profits for the biggest mining companies and a third year of gains in commodity prices, shipping lin...
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Rising Treasury Yields, a Blessing or a Bane?
http://blogs.wsj.com...-or-a-blessing/ Quote Russell Napier at the Asian brokerage CLSA outlined the shape of things to come in a research note back in June 2009. It still applies now.
The Fed, he said, would be willing and able to support the eq...
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Housing Numbers Back to Normal- Professional Edition
Now that the distortions induced by the homesucker’s tax credit have been removed from the market, housing trends have returned to where they would have been. New and existing unit sales have collapsed. New unit prices have also collapsed, as the temporary artificial shortage that resulted from the tax credit demand bulge, has reverted...
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The Case For Less Government, Lower Taxes
Draconian state and local government budget cuts have been in the news lately. Here’s a thought. We could save a lot of money by conducting public education over the internet. High schools could be shut down completely. As for music and art, kids who want to can learn on their own from programs like...
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More Little Lies and Big Spin- Gains or Blips?
The FIM (Financial Infomercial Media) has gifted us with more nonsense today in the form of Pending Homes Sales data from the NAR (Realtors) and the Purchasing Managers Manufacturing Index from the ISM (Purchasing Managers). Bloomberg was positively ecstatic about the housing data, proclaiming “The number of contracts to buy previously owned homes rose...
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Saudi Production Announcement
The reader comments in response to this are comical. Saudi slashes oil output, says market oversupplied Some of the comments: QuoteGoldman-Sachs are the ones helping to keep the prices so high. They are speculating by taking positions in the million...
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