Wayne Atwell: Mideast Mayhem to Drive Gold Higher

As Casimir Capital Managing Director Wayne Atwell sees it, further political unrest in the Middle East could push gold higher while inflation risk and sovereign debt issues in Europe are longer-term price catalysts. He also shares a few up-and-coming gold juniors that Casimir covers in this exclusive interview with The Gold Report.

The Gold . . . → Read More: Wayne Atwell: Mideast Mayhem to Drive Gold Higher

Inflation v Deflation - Which Door do you Pick?

As the debate between inflationistas and deflationistas appear about to rev up again, I thought that I would try to pen to virtual paper and sketch my thoughts on the matter.

The specific catalyst for looking into this is naturally in part the fact that oil looks set to do a round of catch-up . . . → Read More: Inflation vs. Deflation – Which Door do you Pick?

Economic Events on February 28, 2011

At 8:30 AM EST, the monthly Personal Income and Outlays report for January will be released.  The consensus for Personal Income is an increase of 0.4% over the previous month and the consensus Consumer Spending index change is an increase of 0.4%.

At 9:45 AM EST, the Chicago PMI Index for February will be . . . → Read More: Economic Events on February 28, 2011

Marshall Adkins: Disparity Means Higher Oil Prices

West Texas Intermediate (WTI) oil is trading at a significant discount to Brent crude, the latter of which is used to price two-thirds of globally traded crude oil. WTI, on the other hand, is the commodity underlying Nymex futures contracts and has, more often than not, traded slightly above Brent. Although the current Brent/WTI . . . → Read More: Marshall Adkins: Disparity Means Higher Oil Prices

Marcellus $$

New PSU report on state tax implications of Marcellus Shale: http://pubs.cas.psu.edu/FreePubs/pdfs/ua468.pdf

Rapid buildup of currency options open interest

Today, on NSE, derivatives trading showed the following numbers:

Product class Turnover (Billion rupees) Index futures 353 Index options 1981 Stock futures 391 Stock options 48 Currency futures 178 Currency options 30 Total 2981

This is really something: Rs.2.98 trillion notional rupees in a day. It’s starting to sound like a real market.

This . . . → Read More: Rapid Buildup of Currency Options Open Interest

Economic Events on February 25, 2011

At 8:30 AM EST, the preliminary GDP report for the fourth quarter of 2010 will be announced.  The consensus is an increase of 3.4% in real GDP and an increase of 0.3% in the GDP price index.  The real GDP estimate is 0.2% higher than the advance value for the fourth quarter of 2010, and the . . . → Read More: Economic Events on February 25, 2011

Paul van Eeden: Finding Value Amidst Volatility

Cranberry Capital Inc. President Paul van Eeden still favors the natural resources sector above all others because they are “absolutely central to our standard of living, our quality of life and the technological progress we’ve made.” Despite the dangers, frothiness of equities and absence of fundamentals to support current valuations, he says, “there are . . . → Read More: Paul van Eeden: Finding Value Amidst Volatility

Detroit Rhapsody

Many readers here know of the debate and dialogue over Chrysler’s long and expensive Super Bowl ad highlighting the auto industry and Detroit.

As cool as the Detroit version is to watch, when it comes to the core message it is trying to send, I just don’t see much different between these two industry . . . → Read More: Detroit Rhapsody

Economic Events on February 24, 2011

At 8:30 AM EST, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 405,000 new jobless claims last week, which would would be 5,000 less than the number released last week.

Also at 8:30 AM EST, the Durable Goods Orders report for January will be released. The . . . → Read More: Economic Events on February 24, 2011