Archives for May 2014

May 2014 - Page 7 of 22 - Money Morning - Only the News You Can Profit From

Gold Price Today Shrugs Off Bearish Data

Amid a robust rally for U.S. equities, and a slightly hawkish tone in the minutes from the U.S. Federal Reserve's latest meeting, the gold price today (Wednesday) ended with modest losses.

June gold have back $4.70 to $1,290 an ounce today. The spot gold price slipped $4.00 to $1,290.75 an ounce.

Here are the details.

Natural Gas Market Faces Disruption from Russia-China Deal

Russia and China made waves in the global natural gas market today (Wednesday) by finally closing a 30-year deal after nearly a decade of negotiations.

Beginning in 2018, Russia will provide China with 38 billion cubic meters of natural gas annually from its huge fields in Siberia worth about $400 billion over the 30-year life of the contract.

The deal will require the construction of a vast new natural gas infrastructure, with Russia expected to spend $55 billion and China $20 billion.

"This is the biggest contract in the history of the gas sector of the former USSR," declared Russian President Vladimir Putin after the agreement was signed in Shanghai between Gazprom OAO (OTCMKTS ADR: OGZPY) and China National Petroleum Corp (CNPC).

The announcement comes amid recent shifts in the European natural gas market away from Gazprom in favor of more imported LNG (liquefied natural gas) and political tensions between Russia and other European countries over the annexation of Crimea and other threatening moves toward Ukraine.

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Money Morning Global Energy Strategist Dr. Kent Moors said Russia had two objectives in becoming a much bigger player in China's natural gas market.

"They wanted to move Gazprom revenues, essential to Russia's central budget, from a politically insecure European direction to a more amenable Chinese one," Dr. Moors said. "And they wanted to outflank U.S. intentions to use LNG exports as a weapon in lessening Moscow's influence over both the European and Asian markets."

One part of the deal that was not disclosed was how much China will pay, although President Putin did say the natural gas price would be tied to the price of oil, which is how Gazprom's deals with Europe are structured.

The haggling over price was why the negotiations had dragged on for years. In the accompanying video, Dr. Moors discusses why the time was finally right for this deal to happen, which country had the upper hand, and how it will affect the natural gas market in Europe.

Read More…

Hot Stocks to Watch Today: AIG, GOOGL, TIF, and 9 More Movers

Hot stocks today are moving on analyst upgrades, company news, and Q1 2014 earnings reports.

Today's list of hot stocks to watch includes a luxury jeweler hitting a 52-week high, an online travel company climbing on new analyst coverage, and a handful of eco-friendly firms surging on earnings and company developments.

Check out 12 of Wednesday’s hot stocks on the move, and see what’s behind their action.

Four Reasons Tech Stocks Will Rebound in 2014

The year is nearly half over, and the mainstream media continues to obsess over a whipsaw stock market that's been cutting highflyers down to size.

The sullen outlook has lots of retail investors dumping tech stocks and running for the "safety" of the sidelines. That's a mistake I'm urging you to avoid.

You see, I believe that tech stocks – and especially biotech stocks – are poised to do very well in the last half of 2014.

And there are four big reasons why…

This Chart Proves the Bitcoin Market Is Maturing

One of the biggest knocks on the Bitcoin market has been the volatility of the price of Bitcoin, and looking at the price charts over the past six months, it's easy to see why.

But as crazy as the Bitcoin market has been – just take a look at our Bitcoin price timeline — the lack of any major news over the past few weeks has had a distinct calming effect on the digital currency.

The only way to understand what's going on is to take a look at our Bitcoin price timeline...

Iran's "Oil Show" Just Revealed a Huge Opportunity

Let's face it: Iran isn't at the top of anyone's list when considering all the profit opportunities out there in the world. At least, not yet…

You see, Iran is changing – and quickly.

Its new political regime at least appears to be increasingly open to the West.

Its old-style buyback contracts with international oil companies have long been considered high-risk with little or no flexibility; they essentially allowed Iran to own the oil company assets and allow the company a stream of profit.

But the isolated nation recently announced the introduction of a new generation of oil contract, one that promises to be considerably friendlier to foreign partners.

Full Story...

Hot Stocks to Watch Today: GOOGL, NEWL, RRGB, and 9 More Movers

Hot stocks today are moving on M&A news, analyst upgrades, and Q1 2014 earnings reports.

Today's hot stocks to watch list includes a number of biotech companies providing promising updates on cancer treatments, a casual food chain soaring on robust sales, and a penny stock shipping company surging some 80% on a new eco-friendly fleet.

Take a look at 12 of Tuesday’s hot stocks to watch, and find out what’s behind their moves.