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...
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Ian Wyatt
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02-22-2011
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Filed under: Ian Wyatt, oil stocks, oil, inflation, China, China stocks, dollar, Bakken, oil prices, U.S. dollar, Middle East, Facebook
While most of the mainstream media readily announces new "highs" for the price of gold, The New York Times just published an article denouncing such statements. From the story: "The actual record was set 30 years ago, when the price of gold, in today's dollars, hit $2,387, or 71 percent...
Gold prices hit new all time highs late Thursday afternoon. Gold futures for August delivery hit $1,252.50 per ounce during the trading day. The precious metal closed the day at $1248.70. That set a new intraday and a new closing high for gold futures. Investors of all stripes, concerned about the inflationary...
Normal 0 MicrosoftInternetExplorer4 Your Daily Profit August 19, 2009 *****Small-cap Update *****Financial Integrity? *****Will Congress Protect Your Wealth? Fellow Investor, As of noon Eastern Time stocks across the major indices are trading up again after a downward slide all morning. The Dow, the...
Normal 0 MicrosoftInternetExplorer4 Your Daily Profit June 26, 2009 *****Small-cap Update *****Bernanke’s Resolve ***** Opportunity Cost *****TradeMaster’s Jason Cimpl Fellow Investor, Stocks were poised to open lower today and but for a brief few minutes in early trade they generally lived...
Your Daily Profit May 12, 2009 *****Graham Corp up 65% *****“Dangerous Complacency” *****Sell in May? Fellow Investor, Oil is above $60 a barrel. Investors are buying on the expectation that the end of the recession is in sight. And hopefully, Daily Profit readers are benefiting via my recommendation...
*****Whitney Speaks Again *****Market Trends *****Rant of the Year Fellow Investor, More depressing forecasts for the big banks from the best big bank analyst out there, Meredith Whitney. You may recall it was Whitney who forecast the dividend cut at Citigroup (NYSE:C) back in October 2007. That was...
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Ian Wyatt
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02-20-2009
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Filed under: Ian Wyatt, Ian, Treasury Bills, bank nationalization, Rick Santelli, CNBC, Meredith Whitney, Santelli, gold price, gold, small cap, Fidelity, inflation, CitiGroup