Archive for October, 2011

A huge potential energy story the mainstream media has missed

From Marin Katusa, Casey Energy Opportunities:

One of Spain’s largest oil companies, Repsol, is gearing up to spud a deep, offshore well in Cuban waters, just 60 miles from the Florida Keys. A huge rig is still en route to the site from Singapore, and as it draws closer to its destination the zealous opposition from Floridian politicians who rely on the Cuban expatriate vote gets louder.

They argue that the well should not be allowed to proceed because it violates the embargo and on a deeper level, that any oil found would prop up the Cuban regime. The first claim is incorrect – it does not violate the embargo as there are no American companies involved; but the second claim deserves closer inspection.

Indeed, oil experts say Cuba may have as much as 20 billion barrels of oil in its as-yet untapped portion of the Gulf of Mexico, though the estimate from the U.S. Geological Survey is considerably more modest, pegging potential reserves at 5 billion barrels.

And yes, finding and developing oil resources in Cuban waters would provide a major boost to the country’s struggling economy and would help to reduce its total dependence on oil-rich, leftist ally Venezuela. Fidel Castro’s close ally Hugo Chavez currently dispatches 120,000 barrels of oil a day to Cuba on very favorable financing terms.

However, the arrangement is heavily…

Read full article…

More on energy:

These beaten-down energy stocks could be due for a big rebound

How the price of oil could help spark an American manufacturing boom

Energy investors beware: An update on one of the world’s worst ETFs

Saturday, October 29th, 2011 Invest, News, Wealth Comments Off on A huge potential energy story the mainstream media has missed

Central GoldTrust Enters Into US $161.3 Million Underwriting Agreement – Stockhouse

Central GoldTrust Enters Into US $161.3 Million Underwriting Agreement
Stockhouse
Substantially all the net proceeds of the offering have been committed to purchase gold bullion for settlement at closing, in keeping with the asset allocation provisions outlined in Central GoldTrust's Declaration of Trust and the related policies
Central GoldTrust Increases Equity Offering to U.S. $180 Million as MarketWatch (press release)

all 25 news articles »

Saturday, October 29th, 2011 Invest, News, Wealth Comments Off on Central GoldTrust Enters Into US $161.3 Million Underwriting Agreement – Stockhouse

New Gold Bullion Price Support Level Released by Popular Financial e-letter … – PR Web (press release)


PR Web (press release)
New Gold Bullion Price Support Level Released by Popular Financial e-letter
PR Web (press release)
Profit Confidential, the popular stock market and economic e-letter says today the price support level for gold bullion, the price at which the metal would be viewed as oversold, is now $1500 US an ounce. There are plenty of reasons gold investments
New Gold Bullion Price Support Level Released by Popular Financial e-letter DigitalJournal.com (press release)

all 3 news articles »

Saturday, October 29th, 2011 Invest, News, Wealth Comments Off on New Gold Bullion Price Support Level Released by Popular Financial e-letter … – PR Web (press release)

BULLION MORNING – Spot gold settles back from highs, consolidates upside charge – FXstreet.com


Globe and Mail
BULLION MORNING – Spot gold settles back from highs, consolidates upside charge
FXstreet.com
London 28/10/2011 – Gold prices held at firm levels in Europe on Friday morning, settling back from initial highs to consolidate the latest advances in the complex-wide bull run, although further gains are expected once profit-taking runs its course.
Gold at five-week high leads to profit-bookingEconomic Times
METALS OUTLOOK: Gold Market To Watch For Economic Data In Busy WeekForbes

all 108 news articles »

Saturday, October 29th, 2011 Invest, News, Wealth Comments Off on BULLION MORNING – Spot gold settles back from highs, consolidates upside charge – FXstreet.com

Daily Bullion Market Update 10/28/11 – CoinWeek


Moneycontrol.com
Daily Bullion Market Update 10/28/11
CoinWeek
32150 ounces of .9999 gold (One metric ton), with a face value of $1 million dollars and has current value is $58000000. The Perth Mint has achieved “a record-breaking triumph” with the successful casting of the world's largest gold bullion coin,
EU Deal: A Treat Or Trick?Resource Investor
Gold eases but posts biggest weekly rise since 2009Economic Times
Support for MCX Silver Dec at Rs 55800 Kotak CommodityMoneycontrol.com
Gold Seek –Reuters –Beacon Equity Research
all 79 news articles »
Saturday, October 29th, 2011 Invest, News, Wealth Comments Off on Daily Bullion Market Update 10/28/11 – CoinWeek

Kitcommentary from Kitco Metals Inc. – "EU Deal: A Treat Or A Trick?"

October 28, 2011 (Investorideas.com Mining stocks newswire) Gold, silver, and the noble metals traded lower this morning as profit taking prior to the weekend emerged and players took chips off the market tables in the wake of a very good week indeed.

Saturday, October 29th, 2011 News Comments Off on Kitcommentary from Kitco Metals Inc. – "EU Deal: A Treat Or A Trick?"

Russian Mining Company (NYSE: MTL) Invests in Biochemical Waste Water Cleansing Equipment

October 28, 2011 – Investorideas.com, a leader in sector research for independent investors including water stocks and mining stocks reports that Russian mining company Mechel OAO (NYSE: MTL) has reported it has invested $27.5 Million in a biochemical cleaning facility to treat phenolic waste water.

Saturday, October 29th, 2011 News Comments Off on Russian Mining Company (NYSE: MTL) Invests in Biochemical Waste Water Cleansing Equipment

Investing in Gold – Avenues to invest in demat form – Bank Bazaar


ETF Trends
Investing in Gold – Avenues to invest in demat form
Bank Bazaar
The media, brokers, and bullion traders have been predicting various numbers which gold will touch subsequently. We are not going to predict the price of gold in this article but we will provide some avenues for investing in gold for people who do not
What suits you best; gold ETF or gold fund?mydigitalfc.com
Investing in Precious Metals with One ETFETF Trends

all 11 news articles »

Friday, October 28th, 2011 Invest, News, Wealth Comments Off on Investing in Gold – Avenues to invest in demat form – Bank Bazaar

Your gold investment portfolio – gold shares or gold funds? – Mineweb

Your gold investment portfolio – gold shares or gold funds?
Mineweb
If they have paid the fees to invest in the fund, then they really have no cause for complaint at whatever happens, because they didn't invest in gold shares, they invested in someone who has a fund with gold shares in it. They resigned themselves to

Friday, October 28th, 2011 Invest, News, Wealth Comments Off on Your gold investment portfolio – gold shares or gold funds? – Mineweb

TSX Stocks to Watch; Wednesday’s Trading Leaders: (TSX:YLO), (TSX:ELR), (TSX:TLM), (TSX:ECA)

October 27, 2011 – Investorideas.com, a leader in sector research for independent investors issues a trading alert for TSX trading leaders for Wednesday October 26, 2011.

Friday, October 28th, 2011 News Comments Off on TSX Stocks to Watch; Wednesday’s Trading Leaders: (TSX:YLO), (TSX:ELR), (TSX:TLM), (TSX:ECA)

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