Doug Groh: Will Gold Benefit from the European Debt Crises?

In this exclusive interview with The Gold Report, Doug Groh, senior analyst with Tocqueville Asset Management, likens the gold price to a mirror that reflects peoples’ concerns about global economic and political events. And he likes what he sees in the long-term prospects for gold equities.

The Gold Report: The situations in . . . → Read More: Doug Groh: Will Gold Benefit from the European Debt Crises?

How to damage market quality

The problem of measuring the price

In a liquid and transparent financial market, there is no doubt about the price. There is high pre-trade transparency, because orders are visible on the limit order book, and the best estimate of the true price is (bid+offer)/2. You glance at the screen and you know what is . . . → Read More: How to damage market quality

Economic Events on June 30, 2011

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 420 ,000 new jobless claims last week, which would would be 9,000 less than the previous week.

At 9:45 AM EDT, the Chicago PMI Index for June will be announced.  The consensus index value . . . → Read More: Economic Events on June 30, 2011

Rick Mills: Which Stocks Will Win Race to Feed a Power-Hungry World?

Uranium and potash prices seem to be inversely correlated lately: As potash prices reach their highest levels, uranium prices have suffered. But Richard (Rick) Mills, host of Ahead of the Herd online and editor of the Ahead of the Herd newsletter, believes the prospects for both industries are bright. In this exclusive interview . . . → Read More: Rick Mills: Which Stocks Will Win Race to Feed a Power-Hungry World?

“If I was in Pittsburgh, I would have a guaranteed job”

Whether true or not, just the fact that this is someone’s perception out there is pretty amazing.  From the Philadelphia Inquirer today is a young diasporan’s comment: “”If I was in Pittsburgh, I would have a guaranteed job,”  When was the last period anyone even thought such a thing, let alone said it out . . . → Read More: “If I was in Pittsburgh, I would have a guaranteed job”

Jim Powell: Meeting the Critical Metals Demand

Is there a clear path to meeting growing global critical metals demand? An important first step, according to Laurentian Bank Securities’ Technology and Strategic Metals Analyst Jim Powell, would be to establish supply sources that aren’t concentrated in a single country—particularly one that isn’t inclined to share its resources with the rest of . . . → Read More: Jim Powell: Meeting the Critical Metals Demand

Economic Events on June 29, 2011

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM EDT, providing an update on the quantity of new mortgages and refinancings closed in the last week.

At 10:00 AM EDT, the value of the pending home sales index for May will be announced.

At 10:30 AM EDT, the weekly Energy Information . . . → Read More: Economic Events on June 29, 2011

Rick Mills: Cash In, Not Out on $1,500 Gold

Some pundits are yelling for investors to take profits in junior resource stocks now. In this exclusive interview with The Gold Report, Richard (Rick) Mills, host of Ahead of the Herd online and editor of Ahead of the Herd newsletter, explains why $1,500 gold means investors should be cashing in, not cashing out.

. . . → Read More: Rick Mills: Cash In, Not Out on $1,500 Gold

Cincinnati to banks: Drop dead

From my Cincinnati peeps…..   Has anyone thought of something similar here: Cincinnati suing banks over empty eyesores

Read the story carefully.  Lots of financial institutions want it both ways.  They essentially want to foreclose on you, but don’t want to file the paperwork to actually make the transaction and then incur the liabilities of . . . → Read More: Cincinnati to Banks: Drop Dead

Economic Events on June 28, 2011

At 7:45 AM EDT, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.

At 9:00 AM EDT, the monthly S&P/Case-Shiller home . . . → Read More: Economic Events on June 28, 2011