Today (Thursday), Money Morning Chief Investment Strategist Keith Fitz-Gerald spoke with Stuart Varney on FOX Business about Ben Bernanke and the deep plunge today from the Fed’s continued easing.
The answer to why gold prices are going down today isn’t hard to find – it’s a testament to the power behind Fed Chairman Ben Bernanke.
Precious metals related stocks have been under selling pressure all year, but smart investors are having a field day scooping up some of these best “bargain” silver stocks to buy right now.
Nigeria generates more than 14% of its GDP from oil exports. Those exports account for 98% of the country’s export earnings, and close to 83% of federal government revenue. Nigeria may more than 22 billion barrels in proven reserves, according to the United States Energy Information Administration. Nigeria is the tenth-most oil rich nation on Earth, with 159 oil fields and about 1,481 oil wells in operation.
Last week, a federal judge in New York ruled that Fox Searchlight Pictures, Inc. broke state minimum wage laws and federal labor law when it didn’t pay its interns, Eric Glatt and Alexander Footman, for their work on the production of the film Black Swan.
Glatt was an unpaid accounting clerk for Fox Searchlight. His responsibilities included such mundane tasks as filing, getting signatures, and handling petty cash.
CNBC World asks Money Morning Chief Investment Strategist Keith Fitz-Gerald to weigh in on investment opportunities that may arise out of the Fed’s actions.
The United States claims a position as a world leader in many fields. And in a few of those fields, it still is. We like to think of ourselves as leaders in business, the free market, the entrepreneurial spirit. But the country is falling further and further behind in key competitive areas, giving up a lot of ground in the past 10 to 13 years.
Today, when those in power don’t like what you have to say, your business can be audited or refused tax-exempt status in painstakingly long and intrusive processes.
But the reverse is also true: When the powers-that-be approve, life is good – it’s all rubber stamps and smooth sailing.
Look for the Obama administration to delay its Keystone Pipeline decision until after the 2014 election as it’s preoccupied by ongoing scandals and the debate about fracking in the United States.
The New Cold War won’t be fought with missiles and submarines; it will be fought with oil companies, natural resources…and pigs.