What Will China Do With All Of Its Gold?

Posted: December 3, 2010 at 5:05 am

The Xinhua news agency reports that China imported just under 210 metric tons of gold in the first ten months of 2010. That is about five times the rate for the same period last year. It had not be...
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    • Media Digest (12/3/2010) Reuters, WSJ, NYT, FT, Bloomberg

    Posted: December 3, 2010 at 4:08 am

    Trading activity in several healthcare deals is being examined by federal authorities.(WSJ) Payroll numbers should have improved in November. The jobless rate was probably flat. (Reuters) China ...
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    S&P May Downgrade Greece

    Posted: December 2, 2010 at 8:51 pm

    Global capital markets investors are bound to once again take a dim view of the future stability of the eurozone. S&P has warned that is may downgrade the sovereign debt of Greece. "Standard &a...;
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    S&P Warns of Greece Downgrade, Very Late

    Posted: December 2, 2010 at 5:56 pm

    Did you hear?  Greece has problems.  They are bad enough that S&P has threatened a sovereign downgrade on the debt of Greece.  Just one problem here, or more than one.  This call is about as l...
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    Four More Financial Services ETFs Launched (KBW, KBWY, KBWD, KBWX, KBWP)

    Posted: December 2, 2010 at 5:22 pm

    Invesco PowerShares has launched four new ETF products today.  The group launched new ETF portfolios which are based on Keefe, Bruyette & Woods, Inc. (NYSE: KBW) indexes on the NYSE Arca.  The n...
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    Teekay Offshore Raising Vessel Acquisition Money (TOO, TK)

    Posted: December 2, 2010 at 5:10 pm

    Teekay Offshore Partners LP (NYSE: TOO) is the latest among many companies seeking to raise capital.  The company has announced plans to sell some 5.6 million public units in a secondary offering on ...
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    Green Dot Secondary, Maybe ‘Good Dilution’ (GDOT)

    Posted: December 2, 2010 at 4:33 pm

    Green Dot Corporation (NYSE: GDOT) has been one of the better IPO outcomes for 2010. It was just on July 21, 2010 that the prepaid credit card company sold 4.6 million shares at $36.00 per share.  Th...
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    SIRIUS XM, Howard Stern Contract Countdown (SIRI)

    Posted: December 2, 2010 at 4:13 pm

    SIRIUS XM Radio Inc. (NASDAQ: SIRI) may have had a stellar rise over the last year after the satellite radio monopoly got back on its feet.  The last month has been a time of caution despite the SIRI...
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    J.P. Morgan Sued for Billions in Madoff Bankruptcy (JPM)

    Posted: December 2, 2010 at 1:48 pm

    The two-year anniversary of the Madoff bankruptcy is coming upon us.  What that implies is that the statute to file suit is running out.  The Madoff trustee is Irving H. Picard.  Picard has, as you...
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    Amazon.com’s Best Selling Items (AMZN, AAPL, WMT, TGT, BBY, JCP)

    Posted: December 2, 2010 at 1:22 pm

    Movie studios hope for, plan for, and pray for that blockbuster film that will pay everyone's bonuses for the year. For retailers, a blockbuster like, say, the Cabbage Patch dolls, are both good news ...
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    Turkey & Hungary File To Sell Billions in Dollar Bonds

    Posted: December 2, 2010 at 12:23 pm

    It is not every day that you see foreign nations register bond offerings with the SEC for sale in the United States.  This morning we saw two S-B filings come literally about 58 seconds of each other...
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    Seeking Major Profits in Natural Gas Production (BP, CHK, XOM, ECA, COP, DVN, EOG, APC, UPL, HK)

    Posted: December 2, 2010 at 11:14 am

    The US Energy Information Administration has just released its summary of US oil and natural gas reserves as of the end of 2009 and the look-back will only highlight the future ambition that natural g...
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    FXCM Meets With Interest In IPO Debut (FXCM)

    Posted: December 2, 2010 at 10:56 am

    A new IPO is out and it makes a living off of the world of FOREX, which also happens to be the largest financial market in the world.  FXCM Inc. (NASDAQ: FXCM) priced 15.1 million shares of common st...
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    Pending Home Sales Up, A Mixed Message On Real Estate Market

    Posted: December 2, 2010 at 10:12 am

    Pending home sales rose in October, according to the National Association of Realtors. The news comes just a day after S&P/Case-Shiller data showed a drop in home sales. Perhaps there are more hom...
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    Goldman Sachs Supports Higher Gold & Oil to 2011-2012 (GLD, IAU, SGOL, DGP, GDX, GDXJ, OIH, USO, DIG)

    Posted: December 2, 2010 at 9:50 am

    Goldman Sachs periodically updates its outlook on sectors and the economy with a one to two-year horizon.  Yesterday's upgrade of economic output in 2011 is accompanied by some interesting aspects fo...
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