Gold's price has quadrupled since 2000, yet this is just the beginning of a historic rise. Seven major forces are set to push gold past $2,500 – and we’re not talking about the tired old inflation story. Read the full report to find out how to play rising gold prices.
Archives for October 2009
October 2009 - Page 5 of 11 - Money Morning - Only the News You Can Profit From
Investment News Briefs
With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Apple Stock Hits 52-Week High; Buffet: Wall Street Pay Needs "Downside"; Housing Starts Rise, Producer Prices Fall; Obama Administration to Unveil New Small Business Assistance; Coke Profit Flat, Revenue Misses […]
Hot Stocks: How the "Beta Chase" Could Spark a Major Breakout for Exxon
The shares of energy-sector heavyweight ExxonMobil Corp. (NYSE: XOM) could return to their highs for the year – a run of 10% or better – thanks to a bull-market event that I like to describe as the "beta chase." Large-cap stocks rose quite a bit more than their small-cap brethren last week, leading me to […]
The Technology That Will Replace 148 Billion Barrels of Oil
Not many investors noticed in September 2008 when Warren Buffet took a 10% stake in Hong Kong-based battery maker BYD Co. Ltd. for $230 million. They should be noticing now. Shares in BYD, which also makes cell phones and automobiles, have quintupled in a little more than 12 months, meaning that Buffet's investment is now […]
Toyota Launches New Model at Home, Plans Expansion into Korean Market
Toyota Motor Corp. (ADR NYSE: TM), the world's largest automaker, today (Tuesday) launched efforts to maintain its leadership position by introducing a new hybrid model in Japan and expanding into the Korean market where it will face stiff competition from Hyundai Motor Co. Ltd. (PINK: HYMLF). The announcements came on the heels of a surprise […]
Tax on Foreign Investment Won't Dent Brazil's Currency
Beginning today (Tuesday), Brazil will impose a 2% tax on foreign investment in the country's stocks and bonds. Analysts have called the move a "desperate" bid to reign in the skyrocketing value of its currency, which has gained more than 30% against the dollar this year. The tax will make it more difficult for companies […]
Will High Unemployment Strangle the Recovery?
The worst recession since the Great Depression has already eliminated 7.2 million jobs, and analysts figure 750,000 more jobs could disappear over the next six months. That means the administration of U.S. President Barack Obama may be forced to employ a second stimulus if it wants to preserve the fledgling recovery that has carried the […]
Anatomy of a Scam: This "Prime Bank Program" Has Already Cost Investors Billions
Two years ago, an associate of mine lost $100,000 because he didn't listen to me. A year ago, I saved a manufacturing company from the same scam. And just last week I saved a friend of mine $300,000. For several years now, a far-fetched but seemingly plausible investment opportunity has been wreaking havoc across the […]
Investment News Briefs
With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. More Insider Trading Arrests Coming; Icahn Offers CIT Bailout; Oil Pushes $80; Treasury Steps In To Support HFAs; N.Y. Times to Cut 100 Newsroom Jobs; Hasbro Shares Fall Amid Soft […]
Bernanke: Asian Consumer Spending, Cutting U.S. Deficit Are Keys to Avoiding Trade Imbalances
Asian countries need to rely less on export-led growth and encourage their consumers to spend more, while the United States needs to trim its deficit to avoid pre-recession trade imbalances, U.S. Federal Reserve Chairman Ben Bernanke said yesterday (Monday). Governments in trade surplus countries – most of which include Asian nations – must act to […]