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The Market Oracle
Financial Markets Forecasting & Analysis Website
Standard Life Online Customer Account Access Offline for 24hours+
9 Mar 2010 at 6:41pm
Standard Life's online banking operations have now been offline for a whole 24 hours.
Users attempting to log in to their online accounts are met with the following message -
Bifurcation of American Society Continues at Pace; Nearly Half Have Less than...
9 Mar 2010 at 4:15pm
A Quarter Less than $1K, but Millionaires Rebound Smartly
I won't get into all the dogmatic arguments that surround the massive income disparity in the US, we've discussed them in many other pieces. (frankly I think wealth disparity - rewarding generations for nothing more than having the right genes - is a much larger problem the income disparity) We must however understand "it is what it is" and Wall Street has entire thesis (plural?) built around it [Sep 7, 2009: Citigroup - America; A Modern Day Plutonomy]
U.S. Addicted to Oil, An Ominous Drilling Sign for the Truth
9 Mar 2010 at 4:14pm
The year is 2010 and to anyone not in denial, the industrialized nations have entered the greatest calamity the world has ever known:
35 Million Americans on Food Stamps: 12 Percent of U.S. Population on Food Stamps Highest Since Records Kept in 1969, and that’s before the Obama administration announced a planned three-year budget freeze on government discretionary spending. (My Budget 360)
Unlocking the Jobs Dilemma
9 Mar 2010 at 4:00pm
Productive, private-sector jobs - the lifeblood of a sound economy - are under assault by politicians in the United States and Western Europe, who have unwittingly taken a number of steps that make future job losses a foregone conclusion.
U.S. Election 2010, Republican Power Bubble
9 Mar 2010 at 3:56pm
Forgetful of their own blown reputation, the more warfare end of the Republicrat Party is celebrating its looming ascendancy from this year’s federal elections. Nothing has changed in America's two-party politics, from the Republican point of view, despite the ongoing economic disaster. Republicans are going to crush Democrats in November no matter what because America’s economy continues to crumble under Obama’s rule just as it did under George Bush’s rule.
Gold Safe-haven Status is Based on Hype Not History
9 Mar 2010 at 3:46pm
Gold: Best Supporting Role In Economic Downturns? Think Again
As I sat down to watch the Oscar pre-show on Sunday night, March 7, one word was repeatedly used to describe the celebrity starlets and their designer duds: GOLD. Gold bustiers and gold lame skirts, shiny gun-metal dresses and glittery sequined gowns all basking in the golden shadow of the final golden statue.
Iceland Votes No to Repaying Icesave Debt to Britain and Netherlands
9 Mar 2010 at 1:10pm
People in Iceland have rejected their government's pledge to repay a debt of more than US$5 billion left by the collapse of Icesave Internet bank. 93 per cent of people voted “no” in a referendum.
The European Union Debt Deflation Trap
9 Mar 2010 at 12:45pm
"The underlying principle flows from the financial balance approach: the domestic private sector and the government sector cannot both deleverage at the same time unless a trade surplus can be achieved and sustained. Yet the whole world cannot run a trade surplus. More specific to the current predicament, we remain hard pressed to identify which nations or regions of the remainder of the world are prepared to become consistently larger net importers of Europe's tradable products. Countries currently running large trade surpluses view these as hard won and well deserved gains.
Entropy, Why the World as We Know It Is Dying
9 Mar 2010 at 12:33pm
By David Galland, Managing Editor, The Casey Report
The concept of entropy is one of the most useful terms for understanding just about everything. While it has its origins in natural law – thermodynamics, specifically – the concept holds true pretty much across all closed systems.
Constructive Signs for Ultra Oil & Gas ProShares ETF DIG
9 Mar 2010 at 12:26pm
The Ultra Oil & Gas ProShares ETF (NYSE: DIG) popped above key Feb-Mar resistance at 34.40/50 to a recovery high at 35.05, after which it revisited the breakout level into this morning’s low at 34.25. This morning’s upside pivot reversal from 34.25 has propelled the DIG to a higher recovery high at 35.10 so far. The fact that the price structure is holding above the breakout plateau (34.25) within a larger base-like pattern that projects to 37.50 next is a very constructive sign. At this juncture, only a decline that breaks 34.25 will begin to compromise the developing bullish scenario.
U.S. Treasury Bonds, It's All The Same Trade!
9 Mar 2010 at 12:22pm
One of the frustrating aspects about this market environment is that all assets look like the same trade. Betting on equities is a bet against bonds or vice a versa, betting on bonds is a bet against equities. It is that simple. Consequently, using a tactical asset allocation strategy makes it hard to diversify away my risk as I end up being all in on essentially what has become the same trade.
U.S. Real Estate Confusion or Lies?
9 Mar 2010 at 12:19pm
Do you ever become confused over daily economic data?
If not, then you probably aren’t paying close attention.
The Scandinavian Socialist Welfare Myth Revisited
9 Mar 2010 at 12:04pm
Markus Bergström writes: Obama seems hell-bent on expanding the US welfare state at any cost, and of course no welfare-state debate is complete without bringing up the Scandinavian countries as the perfect example of massive statism bringing prosperity. This seems to be a real conundrum, even for Austrians and other libertarians. Being a citizen of Sweden myself, I am often asked to give an explanation of these "bumblebee economies" that aren't supposed to be able to fly but still do.
Stocks Unhappy Anniversary
9 Mar 2010 at 10:51am
Today marks the one-year anniversary of what proved to be the low-point for risk assets in the post Lehman Brothers meltdown. However, as is typical in the wake of a US non-farm payrolls report, markets were pretty subdued overnight. Whilst Asian bourses rallied strongly yesterday in catch-up to Friday’s US price action, most key bourses in Europe have closed virtually unchanged Monday as did those in North America (indeed the S&P 500 traded within just a 4 index point range).
Fraud, Mastered by the Criminal Banking Industry
9 Mar 2010 at 7:32am
I have discussed the financial industry on numerous occasions. My sentiment has not changed.
Those looking for some kind of investment “payday” should stay clear of the banks as an investment. The risk is still very high.
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Latest news from Wealth Bulletin
Wealth-Bulletin.com ("the Bulletin") is a unique news and analysis service covering global wealth management, its clients and the broader wealth industry.
Dream Cruise --- Now is the time to book; How to get a discount
It's the perfect time to charter a yacht for a summer getaway in the Mediterranean. Ample supplies of sailing and motor yachts are available, the currency exchange is the best it has been in years, and there is wiggle room in the prices, something unthinkable before the financial crisis of 2008-2009.
The Rise of the Chinese Jet Set
Like any winner in the globalization lottery, the Chinese rich are quickly bringing on the bling.
UK retail investors pile into property
UK retail investors put £1.8bn (?2bn) into investment funds in January, the highest amount ever for the first month of a year, with continued enthusiasm for property funds fuelling the record inflows.
Credit Suisse launches ultra-HNW initiative, hires from Goldman, HSBC
Credit Suisse has launched an onshore ultra-high net worth initiative in France and has hired two senior private bankers to lead the unit.
Wealth Manager Q&A: SocGen's Popper favors event-based hedge funds
Andrew Popper is chief investment officer of Societe Generale SA's Societe Generale Private Banking Hambros. He tells The Wall Street Journal Europe why he still likes equities and event-driven hedge-fund strategies.
Merrill hires from UBS for UK offshore push
Bank of America Merrill Lynch Wealth Management has bolstered its new offshore UK business in Switzerland with the hire of a financial adviser.
Superyacht sales soar
Global sales of superyachts increased nearly five-fold in the first two months of 2010, compared with the same period a year ago, as demand returns for one of the most conspicuous consumption items of the very rich.
Star manager quits award-winning fund
The star investment manager of a multi-award-winning, Nordic fund has stepped back from running the portfolio he led for almost a decade, less than a month after one of his co-managers left the team.
RBC Wealth hires director
The international division of RBC Wealth, part of Royal Bank of Canada, has hired a director for its London-based onshore business.
London property prices give less bang for your buck
Prime residential and commercial property in London, the financial capital of Europe, is up to six times more expensive than in other global centres, according to research from international real estate adviser Savills.
London street retains top spot as most expensive UK address
London?s Chester Square has topped property researcher Mouseprice?s annual survey of the top 20 most expensive addresses in the UK for the second successive year, according to a report in The Daily Telegraph.
Franklin Templeton plans $300m new property fund
Franklin Templeton has said that its property unit intends to raise $300m (?220m) for its second Asian real estate fund, according to a Reuters report.
Credit Suisse rules out accepting new undisclosed funds
Credit Suisse won?t accept new, undeclared money from affluent clients trying to get around their home tax authority, Hans-Ulrich Meister, chief executive of the firm?s Swiss operations, said on Monday, according to a report in The Wall Street Journal.
Citi Private Bank taps Barclays Wealth executives
Citi Private Bank has lured two regional executives from Barclays Wealth, continuing its recent recruitment drive, according to a report in The Wall Street Journal.
Swiss private bank eyes SFr10bn in Asian client assets
BSI hopes to boost its Asian client assets from SFr3bn (?2.05bn) presently to SFr10bn in five years, the Swiss private bank?s regional chief executive Hanspeter Brunner told Reuters.
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Yahoo Finance Small Cap Podcast
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
Mark Fedikow, VMS Ventures (TSX-V:VMS)
by franklint@agoracom.com (Agoracom)
2 Mar 2010 at 1:21pm
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
In Episode 123 of the Yahoo! Finance Small Cap podcast, Al O’Grady speaks to Mark Fedikow, VP Exploration of VMS Ventures (TSX-V:VMS), a company focused primarily on acquiring, exploring and developing copper-zinc properties in the Flin Flon-Snow Lake VMS Belt.
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Eugene Beukman, Bard Ventures (TSX-V:CBS)
by franklint@agoracom.com (Agoracom)
11 Feb 2010 at 9:37am
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
In Episode 122 of the Yahoo! Finance Small Cap podcast, Al O?Grady speaks to Eugene Beukman, president and CEO of Bard Ventures (TSX-V:CBS), a company that focuses on moly in B.C ? drilling on the Lone Pine Property that has shown high grades of moly.
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Richard McAdoo, Continental Energy (OTC BB:CPPXF)
by franklint@agoracom.com (Agoracom)
1 Feb 2010 at 1:12pm
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
In Episode 121 of the Yahoo! Finance Small Cap podcast, Al O’Grady talks to Richard McAdoo, president and CEO of Continental Energy (OTC BB:CPPXF), a small and aggressive oil and gas exploration company focusing its efforts on making large commercial discoveries and establishing petroleum production in [...]
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Robert Bick, Evolving Gold (TSX-V:EVG)
by franklint@agoracom.com (Agoracom)
19 Jan 2010 at 1:40pm
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
In Episode 120 of the Yahoo! Finance Small Cap podcast, Al O?Grady talks to Robert Bick, Executive Chairman and Director of Evolving Gold (TSX-V:EVG), a company focused on finding multi-million ounce gold deposits in proven gold producing areas in Western USA.
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Stephen Stares, Benton Resources (TSX-V:BTC)
by franklint@agoracom.com (Agoracom)
21 Dec 2009 at 9:30am
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
Episode 119 of the Yahoo! Finance Small Cap podcast features Stephen Stares, president and director of Benton Resources (TSX-V:BTC). Mr. Stares discusses exploration in the Timmins Gold Camp.
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Bruce Carruthers, Q-Gold Resources (TSX-V:QAU)
by franklint@agoracom.com (Agoracom)
9 Nov 2009 at 10:28am
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
Episode 118 of the Yahoo! Finance Small Cap podcast features Bruce Carruthers, president and CEO of Q-Gold Resources (TSX-V:QAU), a Canadian-based mineral exploration company currently exploring for precious and base metals on its extensive Ontario holdings at Mine Centre, and its recently acquired properties near Rainy [...]
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Paul Timoteo, Armada Data (TSX-V:ARD)
by franklint@agoracom.com (Agoracom)
2 Nov 2009 at 8:25am
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
Episode 117 of the Yahoo! Finance Small Cap podcast features Paul Timoteo, president of Armada Data (TSX-V:ARD), Canada’s premier source for automobile pricing data. Mr. Timoteo discusses Armada Data’s Q1 results: revenue up 58%, net income up 244%.
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Robert Cleaver, Goldstake Explorations (TSX-V:GXP)
by franklint@agoracom.com (Agoracom)
20 Oct 2009 at 12:56pm
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
Episode 116 of the Yahoo! Finance Small Cap podcast features Robert Cleaver, director chairman and CEO of Goldstake Explorations (TSX-V:GXP), a Canadian mining exploration, development and production company that explores for precious metals properties in Canada, United States and Australia.
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Waldo Perez, Latin American Minerals (TSX-V:LAT)
by franklint@agoracom.com (Agoracom)
20 Aug 2009 at 11:35am
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
In Episode 113 of the Yahoo! Finance Small Cap podcast, George Tsiolis talks to Waldo Perez, Interim President & CEO of Latin American Minerals (TSX-V:LAT), a mineral exploration company focused on the acquisition and development minerals projects in under-explored but highly prospective countries of Latin [...]
Richard Hughes, Amador Gold (TSX-V:AGX)
by franklint@agoracom.com (Agoracom)
6 Aug 2009 at 11:25am
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
In Episode 112 of the Yahoo! Finance Small Cap Podcast, Al O?Grady interviews Richard Hughes, president and CEO of Amador Gold (TSX-V:AGX), a multi-metal company exploiting prominent Ontario regions.
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Richard Hughes, Golden Chalice (TSX-V:GCR)
by franklint@agoracom.com (Agoracom)
15 Jul 2009 at 2:38pm
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
In Episode 111 of the Yahoo! Finance Small Cap podcast, Al O?Grady speaks to Richard Hughes, president of Golden Chalice (TSX-V:GCR), a company that discovers and capitalizes on world class gold, silver, copper, nickel, zinc, platinum and palladium deposits.
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Rudi Fronk, Seabridge Gold (AMEX:SA)
by franklint@agoracom.com (Agoracom)
17 Jun 2009 at 1:52pm
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
In Episode 109 of the Yahoo! Finance Small Cap podcast, Al O?Grady interviews Rudi Fronk, President and CEO of Seabridge Gold (AMEX:SA). Third party reports indicate economic pit limits ? 48 year mine life.
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Brian Testo, Grizzly Diamonds (TSX-V:GZD)
by franklint@agoracom.com (Agoracom)
8 Jun 2009 at 1:55pm
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
In Episode 108 of the Yahoo! Finance Small Cap podcast, Al O?Grady interviews Brian Testo, President and CEO of Grizzly Diamonds (TSX-V:GZD), a company that focuses on exploring for diamonds in Alberta and precious metals in North America.
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Dr. Vern Rampton, Kinbauri Gold (TSX-V:KNB)
by franklint@agoracom.com (Agoracom)
1 Jun 2009 at 3:30pm
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
In Episode 107 of the Yahoo! Finance Small Cap podcast, Al O?Grady speaks with Dr. Vern Rampton, President and CEO of Kinbauri Gold (TSX-V:KNB), a company that focuses on acquisition, exploration and development of properties in the advanced exploration and early development stages.
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Michel Cuilhé, La Mancha (TSX:LMA)
by franklint@agoracom.com (Agoracom)
11 May 2009 at 2:07pm
Yahoo! Finance and Agoracom features small cap newsmakers and innovators.
In Episode 106 of the Yahoo! Finance Small Cap podcast, Al O?Grady talks to Michel Cuilhé, President & CEO of La Mancha (TSX:LMA), a company that operates three gold mines, with production strategically distributed between Africa and Australia.
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