Thoughts on Markets

Thursday, March 17, 2011

Japan affecting all mkts - BYDDF possible buy - PRPFX holding well - $100 Silver? - Gold holding near 1400

The following first articles are revealing some of the fall out from the Nuclear disaster in Japan. It is having significant impact in many markets.

We are still not out of the market woods which have added to market confusion over Japan. Even BYD Company (BYDDF) with good sales of vehicles in China and possibly in Japan has been hit. The current price is tempting. 

 I added  to my portfolios some more PRPFX yesterday, because it seems to be holding its own during the current situation. Since this is a mutual fund, I see it as wise for me to use to hold cash which I will not be using for other investments in the near future. Remember the future is in the hands of King Jesus and we must look to His written word for wisdom. 

Mine Web:
Uranium shares floored by Japan, China one-two punch
Uranium stocks, already weakened by the deepening crisis at the Fukushima nuclear plant, fell further on Wednesday afternoon after China announced plans to tighten safety approvals for new reactors. Over reaction, but governments believe they must demonstrate that they are concerned and taking action even it is questionable at best or wrong. HERE.

Mine Web:
PGM demand falls on Japan crisis
With some of the world's top auto makers forced to stop vehicle production because of the nuclear crisis in the country, demand for the metal, used mainly in auto catalysts has fallen; platinum has recorded it biggest two day loss in four months. HERE.

Mine Web:
Proposed EPA regs could cost US coal as much as $125bn
As the safety concerns about nuclear power continue to grab headlines globally, the U.S. EPA has decided to clamp down on coal-fired power plant emissions. Why is the Federal Government (USG) always looking for ways to make doing business here less profitable and more difficult? I would think that the USG has driven enough businesses out of our country. They don't seem to care about the unemployment. HERE.

Mine Web:
Gold investment Trends - Jason Toussaint, WGC
Despite some selling pressure in the first two months of the year, gold ETFs are expected to continue to play a significant role as gold investment demand grows. Read and listen to the Podcast HERE.

Mine Web:
Silver, copper and the current state of the global economy - Puru Saxena
A look at the possible impacts of the Japanese crisis on commodity markets and the outlook for silver and copper givern the current state of play in the global economy. Podcast HERE.

Yahoo Finance:
Wholesale prices up 1.6 pct. on steep rise in food
Wholesale prices rise 1.6 pct. due to biggest jump in food costs in more than 36 years. Aren't you very pleased that there is no price inflation in the U.S. as reported by the USG? HERE.

King World Blog:
Mining shares manipulated too, Embry tells King World News
 With gold and silver still consolidating, today King World News interviewed John Embry, Chief Investment Strategist at the $8 billion strong Sprott Asset Management.  When asked about the action in gold Embry stated, “I think you have probably seen the worst of it yesterday and if not we’ll just kind of range trade for a while until it finally breaks to the upside.  It’s not the gold price we should be worrying about, it’s how many ounces we own because the money is being destroyed.  Who knows what the nominal price will be, all I know is it’s going to be a lot higher.” HERE:

 Miners from Scottrade:

Currencies from KitCo: Note the increase in the value of the Swiss Franc against the dollar. It has been a star performer for a while now.

Some Prices: FVITF 4.91; BULM 1.42; OLVRF 1.5715; BYDDF 3.88 (For me this is a rather tempting price.); SENY 1.04; DOW up 118.03 to 11729.40 (Was higher a bit earlier); SPX up 14.68 to 1271.84; Gold off 1.60 to 1399.90; Silver up 0.15 to 34.41.

Best to each, Doug
KWN Blog



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