June 2008 - Money Morning - Only the News You Can Profit From

Five Ways to Profit as Gold Rallies Past $935 Amid Economic Mire 

By Mike Caggeso Associate Editor Spot price of gold eclipsed $935 in trading Monday, its first time above the mark since May 22, as another fresh round of record oil prices exacerbated existing market-wide turmoil. In light of the Federal Reserve's decision to hold interest rates at 2.0% – its first rate freeze since September […]

Read More…

Consumer Spending Strong, but Will it Last?

By Jason SimpkinsAssociate Editor Consumer spending in the United States rose an unexpected 0.8% in the month of May, the biggest increase since last November, as nearly $50 billion worth of rebate checks were cashed and put to use. Incomes grew 1.9% in May – their biggest jump in nearly three years – and the […]

Read More…

Qatar Funnels $8 Billion Into a Resurgent Libya

By Jason SimpkinsAssociate Editor The State of Qatar will invest about $8 billion in Libyan companies across various sectors, officials told the Financial Times. The investment is one of many made by large, national sovereign wealth funds, or global cash barons, and will help Libya diversify its economy away from a reliance on hydro carbons. […]

Read More…

Buy, Sell or Hold: Cisco Systems Inc.

During the Internet boom in the latter part of the 1990s, Cisco Systems Inc. (CSCO) was the king of the "must-have" stocks, with shares of the maker of telecommunications-networking gear soaring 400% from June 1998 to March 2000. At Friday's close of $23.61, Cisco's shares are down 69% from their all-time high of $77.31 and […]

Read More…

Below the Radar: A How-to Guide to Pink Sheet Profit

Editor's Note: This is the first of a two-part series on "below-the-radar-screen" stocks. Next up: Penny stocks. Most investors have heard the term "pink sheets" as a reference to stocks. But how many know what they are. Pink sheets are companies that are traded over-the-counter and that aren't part of any major stock exchange. But […]

Read More…

Crude Hits Another Record High Above $140

By Jason SimpkinsAssociate Editor The benchmark crude oil rose 57 cents to settle at a record-high $140.21 a barrel on the New York Mercantile Exchange Friday, after a sell-off on Wall Street left the Dow Jones Industrial Average in bear territory. After plummeting 358 points on Thursday, the Dow dropped another 107 points to end […]

Read More…

With the Dow in Bearish Territory, and Oil Prices in the Stratosphere, New Potential Problems Abound

By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report With the Dow Jones Industrial Average down 20% from its October peak – placing it firmly in bear-market territory after what's so far been its worst June since the Great Depression – neither institutional traders nor individual investors seem able to find anything positive about the […]

Read More…

© 2015 Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201, Email: customerservice@MoneyMorning.com