Energy prices continue to tumble on recession fears and a US dollar rally. For investors that are long-term bullish on energy markets, this represents a great buying opportunity, says Andrew Snyder. He expects coal producers like Massey (NYSE:MEE), Peabody (NYSE:BTU) and James River Coal (NYSE:JRCC) to see big increases in their valuations in the coming year.
It turned out to be another wild day on Wall Street. The equities market managed to hang on to most of its big gains from yesterday and is now on the cusp of a bullish streak. But even better than the equities market today was the commodities sector.
The prices of oil, gold, silver, coal, cocoa, natural gas and the rest of the gang were up today thanks to some key rate cuts across the globe. China and the United States cut their short-term lending targets and it appears that Japan may follow suit.
Rate cuts mean there is an increased chance of a boost in economic activity and that means commodities traders have a reason to increase prices.
Crude prices surged by…
Coal Delays at Dalrymple Lead to a Longer Boom There’s nothing better than baring your icy feet to the warm jet of a fan-powered heater. So we were delighted when our boss walked in this morning with a spare fan-powered heater.
The latest news coming from local electricity companies is a lot like a kick in the teeth for most people… after they’ve been knocked to the ground.
We love commodities here at IDE. My colleague Rusty McDougal lives and breathes commodities. My other colleague Charles Delvalle is easily mesmerized by the shiny metals. And both have converted their fascination with commodities into huge money-making investment recommendations.
With Earth Day creating a lot of buzz about green energy and technology, people are desperately looking for a cheap and effective way to produce green energy. Byron King has a theory that the more expensive dirty energy resources get, the cheaper green energy will look by comparison.
Gen X wonders if it can ever retire. As Wall Street waits for Citi and Merrill shoes to drop, Goldman issues gloomy forecast. As if write-downs weren’t enough, here comes another $250 billion problem. A 17% first-quarter loss…When hedge funds don’t hedge. Coal prices shoot skyward… The sector ideally positioned to benefit.
Every American who lived through the 1970s remembers that energy price controls lead to inefficient use patterns and large losses to industry. Unfortunately, the Chinese have not learned this American lesson despite large amounts of industrial espionnage within the U.S. over the past 20 years or so.
What a strange economy Australia has. A country in the midst of a record boom still manages to run a trade deficit. Yesterday, the Australian Bureau of Statistics reported that the February trade deficit blew out by 30%, from a revised $2.59 billion in January to $3.29 billion in February.