Tuesday, June 22, 2010
Sunday, June 20, 2010
Jim Rogers
Jim Rogers is short stocks and long commodities. He might consider buying the Euro since everybody is negative about the Eurozone.
Saturday, May 15, 2010
Thursday, May 6, 2010
Saturday, April 17, 2010
Jim Rogers : Gold will go higher
Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg's Haslinda Amin and Paul Gordon from Singapore about the outlook for gold and commodities prices, that Gold will continue to rise and he owns gold and still planning to buy more - 8th April 2010
Sunday, April 11, 2010
Marc Faber: US equities to close lower by the end of the year
Marc Faber is predicting US equities would close lower by the end of the year. He also suggests that the euro is very undervalued. Also, stocks have already corrected by 20%, so it would be quite difficult for US equities to make a new high. The Euro will rebound to around $1.40, then head go down again vis-a-vis the US dollar.
Saturday, April 10, 2010
Petrobras CEO: Peak Oil Production is Now
On Thursday, the energy blog TheOilDrum.com reported on a December 2009 presentation by Petrobras CEO Jose Sergio Gabrielli in which he estimated that world oil production would peak this year. Gabrielli, head of Brazil’s national oil company, joined the ranks of other international oil honchos, including former Aramco executive Sadad al-Husseini and Total’s CEO Christophe de Margerie, in stating that the level of global oil production cannot keep pace with growing demand. The logical result of this trend is oil scarcity that will lead to quickly rising crude prices in the next few years.
Continue to read
Sunday, March 28, 2010
Jim Rogers on Oil, Gold and the Biggest US Bubble
"All governments around the world are debasing their currencies," he declared.
"There may come a time when we all have to have all of our money in real assets."
"I certainly own gold," he said. But he pointed out the precious metal's "extremely strong" moves since 2009: "Anything that goes up that far that fast should consolidate and rest."
"I like to buy what's cheapest. Silver is cheaper than gold, on a historical basis; natural gas is cheaper than oil."
"We see more and more speculation in oil and gold. And in these times, it's usually best to step back and let others speculate."
Rogers reiterated his take on the "two biggest bubbles in the world" right now — US Treasurys and Chinese real estate:
"There's no question that the United States government's long bond is a bubble."
"In particular, Hong Kong real estate is nuts," he added.
Wednesday, March 24, 2010
Oil reserves 'exaggerated by one third'
By Rowena Mason, City Reporter (Energy)
the Daily Telegraph
The world's oil reserves have been exaggerated by up to a third, according to Sir David King, the Government's [UK] former chief scientist, who has warned of shortages and price spikes within years.
The scientist and researchers from Oxford University argue that official figures are inflated because member countries of the oil cartel, OPEC, over-reported reserves in the 1980s when competing for global market share.
Their new research argues that estimates of conventional reserves should be downgraded from 1,150bn to 1,350bn barrels to between 850bn and 900bn barrels and claims that demand may outstrip supply as early as 2014. The researchers claim it is an open secret that OPEC is likely to have inflated its reserves, but that the International Energy Agency (IEA), BP, the Energy Information Administration and World Oil do not take this into account in their statistics.
"The IEA functions through fees that are paid into it by member companies and has to keep its clients happy," he said. "We're not operating under that basis. This is objective analysis. We're not sitting on any oil fields. It's critically important that reserves have been overstated, and if you take this into account, we're talking supply not meeting demand in 2014-2015."
The concept of "peak oil" has gained traction in recent years, although energy companies such as BP and Shell insist that production will be able to keep pace with growing Asian energy needs.
Sir David said he was "very concerned" that Western governments were not taking the concept of "peak oil" – where demand outstrips production – seriously enough, while China is throwing all its efforts into grabbing as many energy resources as possible.
Click here to read more
the Daily Telegraph
The world's oil reserves have been exaggerated by up to a third, according to Sir David King, the Government's [UK] former chief scientist, who has warned of shortages and price spikes within years.
The scientist and researchers from Oxford University argue that official figures are inflated because member countries of the oil cartel, OPEC, over-reported reserves in the 1980s when competing for global market share.
Their new research argues that estimates of conventional reserves should be downgraded from 1,150bn to 1,350bn barrels to between 850bn and 900bn barrels and claims that demand may outstrip supply as early as 2014. The researchers claim it is an open secret that OPEC is likely to have inflated its reserves, but that the International Energy Agency (IEA), BP, the Energy Information Administration and World Oil do not take this into account in their statistics.
"The IEA functions through fees that are paid into it by member companies and has to keep its clients happy," he said. "We're not operating under that basis. This is objective analysis. We're not sitting on any oil fields. It's critically important that reserves have been overstated, and if you take this into account, we're talking supply not meeting demand in 2014-2015."
The concept of "peak oil" has gained traction in recent years, although energy companies such as BP and Shell insist that production will be able to keep pace with growing Asian energy needs.
Sir David said he was "very concerned" that Western governments were not taking the concept of "peak oil" – where demand outstrips production – seriously enough, while China is throwing all its efforts into grabbing as many energy resources as possible.
Click here to read more
Wednesday, March 10, 2010
Monday, March 1, 2010
Saturday, February 13, 2010
Wednesday, February 10, 2010
Friday, February 5, 2010
Saturday, January 30, 2010
Wednesday, January 27, 2010
The Case for Commodities in 2010 (And Beyond)
by Frank Holmes, CEO, U.S. Global Investors
Simply put, an investment in natural resources is a vote of confidence in global economic growth.
- Just over half of the world’s people now live in cities – that figure is likely to rise to 70 percent over the next four decades. The urban population in emerging nations has expanded by an average of 3 million per week for the past 20 years.
- More than 13 million cars and light trucks were sold in China in 2009, transforming a land once dominated by bicycles into the largest auto market in the world. Forecasts for 2010 call for vehicle sales to increase by as much as 10 percent.
Commodities (as measured by the Reuters-Jefferies CRB Index) shot up 24 percent in 2009, the largest single-year increase since the early 1970s, and the International Monetary Fund projects that prices will keep rising this year due to emerging-markets demand and global economic recovery.
Commodity supercycles typically last 20 to 25 years – the current supercycle began in 2000, so we are just at the halfway mark. A stress in the markets is that insufficient capital has been invested in resources in recent decades, while at the same time the world’s population has doubled and there has been spectacular growth in the middle class. Any supply disruptions quickly lead to price spikes.
Continue to read more
Simply put, an investment in natural resources is a vote of confidence in global economic growth.
- Just over half of the world’s people now live in cities – that figure is likely to rise to 70 percent over the next four decades. The urban population in emerging nations has expanded by an average of 3 million per week for the past 20 years.
- More than 13 million cars and light trucks were sold in China in 2009, transforming a land once dominated by bicycles into the largest auto market in the world. Forecasts for 2010 call for vehicle sales to increase by as much as 10 percent.
Commodities (as measured by the Reuters-Jefferies CRB Index) shot up 24 percent in 2009, the largest single-year increase since the early 1970s, and the International Monetary Fund projects that prices will keep rising this year due to emerging-markets demand and global economic recovery.
Commodity supercycles typically last 20 to 25 years – the current supercycle began in 2000, so we are just at the halfway mark. A stress in the markets is that insufficient capital has been invested in resources in recent decades, while at the same time the world’s population has doubled and there has been spectacular growth in the middle class. Any supply disruptions quickly lead to price spikes.
Continue to read more
Tuesday, January 26, 2010
Sunday, January 24, 2010
Friday, January 22, 2010
The Growth of the State: Leviathan Stirs Again
"This is partly a product of the oil boom. Three-quarters of the world’s crude-oil reserves are owned by national oil companies. (By contrast, conventional multinationals control just 3% of the world’s reserves and produce 10% of its oil and gas.) But it is also the result of something more fundamental: the shift in the balance of economic power to countries with a very different view of the state from the one celebrated in the Washington consensus. The world is seeing the rise of a new economic hybrid—what might be termed “state capitalism”. "
Wednesday, January 20, 2010
Tuesday, January 19, 2010
Monday, January 18, 2010
ExxonMobil bets on natural gas boom with largest merger agreement in years
ExxonMobil bets on natural gas boomwith largest merger agreement in years
Published: Jan 1, 2010
Purchase of XTO gives Exxon access reserves of nearly 45 trillion cubic feet of gas
In an effort to enhance its position in the development of unconventional natural gas and oil resources, the world's largest publicly traded oil company, Exxon Mobil Corp. has agreed to buy XTO Energy Inc. in an all stock transaction valued at $41 billion, including $10 billion of existing XTO debt.
Click here to continue to read
Published: Jan 1, 2010
Purchase of XTO gives Exxon access reserves of nearly 45 trillion cubic feet of gas
In an effort to enhance its position in the development of unconventional natural gas and oil resources, the world's largest publicly traded oil company, Exxon Mobil Corp. has agreed to buy XTO Energy Inc. in an all stock transaction valued at $41 billion, including $10 billion of existing XTO debt.
Click here to continue to read
Thursday, January 14, 2010
Marc Faber-2010 Outlook
Marc Faber discusses his forecast for 2010. He's expecting a meaningful correction in the S&P. Last year, US bonds did not do very well, (Bonds were in a bull market from 1982 until 2003). This trend will continue for several years to come.
Wednesday, January 13, 2010
Future Scenarios: Energy and Economy" - Chris Martenson Presentation
Excellent presentation on the concept of Energy Returned on Energy Invested. Click here to learn more
Saturday, January 9, 2010
Monday, January 4, 2010
Saturday, January 2, 2010
Peter Schiff: Rising Interest rates signal higher price inflation
Peter Schiff correctly argues the true definition of inflation, that is, an increase in the money supply.
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