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.
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