by Sean Brodrick on December 31, 2009
My gold target for 2010 remains 1,300. I set that in June of 2009, and until we either hit the target or the uptrend breaks, it remains the same. My longer-term target is $1,635.
Here is a list of seven forces that should drive gold prices higher in 2010…
1. Gold suffered a correction of about 8% [...]
by Sean Brodrick on December 30, 2009
It’s another slow day before another extended weekend. The Santa rally seems to want to continue — goosed by an unexpected rise in business activity in the Midwest … and as Barry Ritholz tells us, the bears have gone into hibernation. I’m sure I don’t have to tell you that this kind of complaceny is [...]
by Tony Sagami on December 30, 2009
CBAK soared by more than 60% yesterday on the rumor that it was going to provide the batteries for the new Google phone. It is giving up a big chunk of those gains today when CBAK officials said that it has not received any orders from Google.
by Tony Sagami on December 30, 2009
In previous posts, I have talked about how important the “Go West” policy of the Chinese government will be to your Asian portfolio. As a refresher, Go West is the China’s plan to spread its economic growth to the rural, western interior of China.
The Bank of Nova Scotia increased its stake in Xian City [...]
by Sean Brodrick on December 29, 2009
Take a look at this chart of crude oil …
The chart sayks crude oil is going higher, at least until it hits overhead resistance around 82. But be careful. There are both bullish and bearish forces at work in crude. For example …
Oil prices rise above $79 as US cold snap continues
Futures contracts for oil, [...]
by Sean Brodrick on December 29, 2009
I have a new video posted for UncommonWisdomDaily.com today. If you want to read a rough transcript, you can find it here …
brodrick-122809-surprise-for-20101
Or if that link doesn’t work, try this one: http://blogs.uncommonwisdomdaily.com/red-hot-energy-and-gold/files/2009/12/brodrick-122809-surprise-for-20101.pdf
by Tony Sagami on December 28, 2009
What country is the biggest market for sub-compact cars? It certainly isn’t the U.S. and it isn’t China either. It is India.
Unlike China, Russia and Brazil, where consumers buy a range of cars, from basic to luxury, Indians overwhelmingly prefer small, affordable cars. Nearly half of all cars sold in India — like Maruti [...]
by Tony Sagami on December 28, 2009
The U.S. has the strongest, largest Naval force in the world….but the Chinese are catching up quick with nuclear submarines and battleships. And will soon have aircraft carriers.
A Chinese cargo carrier that was hijacked by Somalian pirates was freed by the Chinese Navy.
The Chinese don’t take any crap from its enemies and couldn’t [...]
by Larry Edelson on December 28, 2009
December 27, 2009 (24/7 Wall Street) — China became the world’s second largest economy in 2009, passing Japan, which has held this distinction for decades. The People’s Republic raised its growth forecast for 2008 to 9.6% from 9% which took the total to over $4.6 trillion. The Chinese government says it will have economic growth [...]
by Sean Brodrick on December 28, 2009
Looks like someone may be making some money off people panicking:
http://www.shelfreliance.com
My wife, who has been scouting these types of things, says you can find similar shelves way cheaper at Costco.com. If you have more money than time, fine. But if you want to be a SMARTER suburban survivalist, as I talk about in my book, [...]