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Amazingly, it's being reported that Europe has come to an agreement on bank recapitalization plans and Greek debt forgiveness. The banks will have to get their Tier 1 capital up to 9% by June. That 9% will be calculated based on the value of sovereign debt they hold after write-downs. Back in July...
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Quietly and without much fanfare, gold prices broke all time record dollar denominated highs on Wednesday. At the same time, Ben Bernanke testified in front of Congress saying that gold is not money. The end of day chart below tells a different story. If the Chairman of the Federal Reserve is not ready...
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Once again, China has raised reserve requirements for banks to slow down lending and, hopefully, slow inflation, too. China reports that inflation accelerated to 4.9% in January. Part of the reason is that drought has damaged China 's grain production and food prices are up. Chinese banks lent $158...
Posted to
Daily Profit
by
Ian Wyatt
on
02-22-2011
Filed under:
Filed under: Ian Wyatt, oil stocks, oil, inflation, China, China stocks, dollar, Bakken, oil prices, U.S. dollar, Middle East, Facebook
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Even Bloomberg does it sometimes. Bloomberg is my favorite financial website. The global perspective is very helpful, and the writers tend to avoid hype and speculation. But every now and then, even Bloomberg will pen one of those headlines that make my skin crawl. Today’s was: Dollar Trades Near...
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Today, a Japanese trading house announced an agreement that will help secure a supply of rare earth minerals from Australia. This comes after recent events involving Chinese suppliers cutting off rare earth minerals to Japan following a fishing boat incident in the waters around an island disputed by...
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November 19, 2010 *****The Market Feels Heavy *****Silver Eagle *****The Fed Fires Back Fellow Investor, The good vibes from the GM IPO and the bailout potential for Ireland took the S&P 500 back above support/resistance at 1,192. We'll see how long the good vibes last. Despite yesterday's...
Posted to
Daily Profit
by
Ian Wyatt
on
11-19-2010
Filed under:
Filed under: Ian Wyatt, bailout, bank bailout, S&P 500, Federal Reserve, Fed, China, Bank of America, GM, Bernanke, General Motors, TARP, dollar, currency, silver, mining stock, PIMCO, IPO, silver price
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Fellow Investor, QE2 has unleashed a raging bull market for gold and silver. But the falling dollar is also pushing oil prices higher, too. Oil is zeroing in on its 52-week high. And oil stocks have been performing very well. Now, as you now, I was recently at the Association for the Study of Peak Oil...
Posted to
Daily Profit
by
Ian Wyatt
on
11-11-2010
Filed under:
Filed under: Ian Wyatt, oil, gold price, gold, Federal Reserve, Fed, China, USO, coal, commodity, Energy Information Agency, oil prices, natural gas, UNG, silver, silver price
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I'm back in the office after last week's Wyatt Investment Research company retreat. I wish I could say it was three days of relaxing fun in the Vermont mountains, but the truth is, it was three days of non-stop meetings and presentations. At least we ate well... However, I'm sure our meetings...
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August 5, 2010 *****How to Profit from China’s Economy *****Unemployment Rate to Rise? *****Maguire Properties Up 28% Fellow investor, Sigh. New jobless claims rose 19,000 last week. Instead of the slight drop economists were looking for, we got a slight rise. Department of Labor officials reported...
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August 4, 2010 *****Economic Growth and Oil Prices *****Bakken Earnings Blowout *****Maguire Properties Up 28% Fellow investor, The headline reads " Oil falls to near $82 on weak US crude demand." As if that's some kind of revelation. The better question is "why is crude oil $82 a...
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August 3, 2010 *****Reader Mail! Fellow investor, While we wait for the first earnings report from Energy World Profits ' Bakken oil pool companies, I thought I'd devote an issue to reader mail after all, I recently asked if you were bullish or bearish on the stock market. I was surprised to...
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August 2, 2010 *****Wanted: Upside Catalyst *****China and U.S. Job Growth *****35% Gains for this Stock Fellow investor, Corporate earnings are doing their part to sustain economic recovery and give stock valuations some upside potential. It should also be clear, however, that earnings alone are not...
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Your Daily Profit June 21, 2010 *****China: Revalues Yuan *****What Yuan Revaluation Means for You *****Don't Fight the Fed Fellow investor, Well, Friday's Daily Profit was certainly timely. In case you missed the piece titled Is China an Afterthought?, I said "I won’t be surprised...
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Fellow Investor, I managed to catch part of Treasury Secretary Geithner's testimony yesterday. I actually thought he represented himself pretty well. I can appreciate his stance that AIG really was to big to fail. But that notion that the New York Fed had to make sure all of AIG's credit default...
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Your Daily Profit November 16, 2009 *****A Good Christmas *****Obama in China *****Gold vs Silver Fellow Investor, The headline retail sales number for October came in better than expected, up 1.4%. Of course, sales were down more than expected in September, so a bounce isn’t a complete surprise...