Tim Iacono - Seeking Alpha 'Tim Iacono' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/author/tim-iacono Congress: Stepping Up to the Fed? http://seekingalpha.com/article/174559-congress-stepping-up-to-the-fed?source=feed 174559 Edmund L. Andrews reports in the New York Times about how Ron Paul's "Audit the Fed" amendment got tucked into the new House bill on financial market regulation, maybe as a result of a growing number of elected officials having read Paul's new book, End the Fed.

At the House Financial Services Committee, which was working on a sweeping bill to overhaul financial regulation, Mr. Frank had argued that Mr. Paul’s amendment went too far and would damage the Fed’s credibility.

]]> Fri, 20 Nov 2009 13:07:48 -0500 Tim Iacono Tim Iacono submits:

Edmund L. Andrews reports in the New York Times about how Ron Paul's "Audit the Fed" amendment got tucked into the new House bill on financial market regulation, maybe as a result of a growing number of elected officials having read Paul's new book, End the Fed.

At the House Financial Services Committee, which was working on a sweeping bill to overhaul financial regulation, Mr. Frank had argued that Mr. Paul’s amendment went too far and would damage the Fed’s credibility.


Complete Story »]]> Tim Iacono The Jobless Rate-Interest Rate Conundrum http://seekingalpha.com/article/174394-the-jobless-rate-interest-rate-conundrum?source=feed 174394 Just about everywhere you look these days in the financial media, when the topic of discussion turns to the plunging U.S. dollar, you'll hear someone saying something like, "Unless the Fed raises interest rates, the dollar's got nowhere to go but down".

And then someone invariably says, "But the central bank can't raise interest rates. Not with the unemployment rate at over ten percent!"

]]> Thu, 19 Nov 2009 15:49:08 -0500 Tim Iacono Tim Iacono submits:

Just about everywhere you look these days in the financial media, when the topic of discussion turns to the plunging U.S. dollar, you'll hear someone saying something like, "Unless the Fed raises interest rates, the dollar's got nowhere to go but down".

And then someone invariably says, "But the central bank can't raise interest rates. Not with the unemployment rate at over ten percent!"


Complete Story »]]> UUP UDN Tim Iacono Critical Moment for 'Audit the Fed' Effort http://seekingalpha.com/article/174363-critical-moment-for-audit-the-fed-effort?source=feed 174363 It looks like today will be an important day for those, on one side, who seek to shine a little more light on the operations of the Federal Reserve and those, on the other side, hoping to keep prying eyes away. Bloomberg reports that the House Financial Services Committee is discussing the issue today:

The House Financial Services Committee will consider today how much to expand audits of the U.S. central bank in a test of Federal Reserve Chairman Ben S. Bernanke’s clout among lawmakers.

]]> Thu, 19 Nov 2009 14:13:14 -0500 Tim Iacono Tim Iacono submits:

It looks like today will be an important day for those, on one side, who seek to shine a little more light on the operations of the Federal Reserve and those, on the other side, hoping to keep prying eyes away. Bloomberg reports that the House Financial Services Committee is discussing the issue today:

The House Financial Services Committee will consider today how much to expand audits of the U.S. central bank in a test of Federal Reserve Chairman Ben S. Bernanke’s clout among lawmakers.


Complete Story »]]> Tim Iacono Middle Class Bankruptcies on the Rise http://seekingalpha.com/article/174329-middle-class-bankruptcies-on-the-rise?source=feed 174329 USA Today reports on a new study of how personal bankruptcies are working their way up the socio-economic ladder, increasingly affecting better educated families and homeowners.

A new study by Elizabeth Warren, Harvard Law School Leo Gottlieb professor of law, and Deborah Thorne, Ohio University associate professor of sociology, finds that personal bankruptcy has become a largely middle-class phenomenon led by filers who are college-educated and owners of homes. According to the study, "The Vulnerable Middle Class: Bankruptcy and Class Status," the shift occurred even before the Great Recession.

]]> Thu, 19 Nov 2009 11:41:12 -0500 Tim Iacono Tim Iacono submits:

USA Today reports on a new study of how personal bankruptcies are working their way up the socio-economic ladder, increasingly affecting better educated families and homeowners.

A new study by Elizabeth Warren, Harvard Law School Leo Gottlieb professor of law, and Deborah Thorne, Ohio University associate professor of sociology, finds that personal bankruptcy has become a largely middle-class phenomenon led by filers who are college-educated and owners of homes. According to the study, "The Vulnerable Middle Class: Bankruptcy and Class Status," the shift occurred even before the Great Recession.


Complete Story »]]> Tim Iacono Roubini: A Tale of Two Recoveries http://seekingalpha.com/article/174095-roubini-a-tale-of-two-recoveries?source=feed 174095 Economist/rock star Nouriel Roubini writes in the Globe and Mail about the two very different "recoveries" underway for the U.S. economy.

While the United States recently reported 3.5 per cent GDP growth in the third quarter, suggesting that the most severe recession since the Great Depression is over, the American economy is actually much weaker than official data suggest. In fact, official measures of GDP may grossly overstate growth in the economy, as they don't capture the fact that business sentiment among small firms is abysmal and their output is still falling sharply. Properly corrected for this, third-quarter GDP may have been 2 per cent rather than 3.5 per cent.

]]> Wed, 18 Nov 2009 13:52:52 -0500 Tim Iacono Tim Iacono submits:

Economist/rock star Nouriel Roubini writes in the Globe and Mail about the two very different "recoveries" underway for the U.S. economy.

While the United States recently reported 3.5 per cent GDP growth in the third quarter, suggesting that the most severe recession since the Great Depression is over, the American economy is actually much weaker than official data suggest. In fact, official measures of GDP may grossly overstate growth in the economy, as they don't capture the fact that business sentiment among small firms is abysmal and their output is still falling sharply. Properly corrected for this, third-quarter GDP may have been 2 per cent rather than 3.5 per cent.


Complete Story »]]> Tim Iacono Housing Starts Plunge http://seekingalpha.com/article/174094-housing-starts-plunge?source=feed 174094 That was quite a shocker this morning from the Census Bureau when, after many months of leveling off at, albeitly, historically low levels, they reported(.pdf) a plunge of 10.6 percent in housing starts last month along with a drop of 4.0 percent in permits for new construction.
IMAGE Housing starts fell from a downwardly revised annual rate of 592,000 in September to just 529,000 in October, the third worst reading this year and, not coincidentally, the third worst reading since this data series began back in the 1960s.

The number of building permits also fell, down from a rate of 575,000 to 552,000, in one more indication that the effects of government stimulus - in this case, the expiring homebuyer tax credit that has since been extended - are not very long lasting.

]]> Wed, 18 Nov 2009 13:50:41 -0500 Tim Iacono Tim Iacono submits:

That was quite a shocker this morning from the Census Bureau when, after many months of leveling off at, albeitly, historically low levels, they reported(.pdf) a plunge of 10.6 percent in housing starts last month along with a drop of 4.0 percent in permits for new construction.
IMAGE Housing starts fell from a downwardly revised annual rate of 592,000 in September to just 529,000 in October, the third worst reading this year and, not coincidentally, the third worst reading since this data series began back in the 1960s.

The number of building permits also fell, down from a rate of 575,000 to 552,000, in one more indication that the effects of government stimulus - in this case, the expiring homebuyer tax credit that has since been extended - are not very long lasting.


Complete Story »]]> Tim Iacono Prices Rise; 'Deflation' Narrowly Averted http://seekingalpha.com/article/174091-prices-rise-deflation-narrowly-averted?source=feed 174091 The Labor Department reported that consumer prices rose more than expected last month, largely due to higher prices for automobiles and rising energy costs, and the year-over-year inflation rate moved back toward zero after spending nearly all of 2009 in negative territory as shown below.IMAGE The government's measure of inflation rose 0.3 percent in October after an increase of 0.2 percent in September, the ninth monthly increase in prices so far this year after three months of plunging prices late last year, again, largely due to energy.

After sinking as low as -1.9 percent (on a seasonally adjusted basis) at mid-year, the annual inflation rate has now recovered to just -0.2 percent and is likely to move into positive territory next month, remaining there well into next year as energy price comparisons from year ago levels will produce some rather large percentage gains, that is, unless the price at the pump tumbles from its current level.

]]> Wed, 18 Nov 2009 13:39:43 -0500 Tim Iacono Tim Iacono submits:

The Labor Department reported that consumer prices rose more than expected last month, largely due to higher prices for automobiles and rising energy costs, and the year-over-year inflation rate moved back toward zero after spending nearly all of 2009 in negative territory as shown below.IMAGE The government's measure of inflation rose 0.3 percent in October after an increase of 0.2 percent in September, the ninth monthly increase in prices so far this year after three months of plunging prices late last year, again, largely due to energy.

After sinking as low as -1.9 percent (on a seasonally adjusted basis) at mid-year, the annual inflation rate has now recovered to just -0.2 percent and is likely to move into positive territory next month, remaining there well into next year as energy price comparisons from year ago levels will produce some rather large percentage gains, that is, unless the price at the pump tumbles from its current level.


Complete Story »]]> Tim Iacono Faber: Gold a Better Buy than at $300/oz. http://seekingalpha.com/article/174088-faber-gold-a-better-buy-than-at-300-oz?source=feed 174088 Dr. Marc Faber has been in the news a lot lately, asked repeatedly about the price of gold, and, while there was some confusion about his outlook last week as noted here (Mac Slavo at SHTFPlan going so far as to contact the good doctor to clarify his views and documenting the results here), the preponderance of recent reports point to a very bullish Faber.

There is a growing collection of related YouTube clips submitted in just the past few days and, again, the clear message is that he thinks gold is going higher, not lower. This story at LiveMint is typical of what's been published recently but, upon closer examination, it seems to me that the second comment below is more interesting than the now well known first.

]]> Wed, 18 Nov 2009 13:35:20 -0500 Tim Iacono Tim Iacono submits:

Dr. Marc Faber has been in the news a lot lately, asked repeatedly about the price of gold, and, while there was some confusion about his outlook last week as noted here (Mac Slavo at SHTFPlan going so far as to contact the good doctor to clarify his views and documenting the results here), the preponderance of recent reports point to a very bullish Faber.

There is a growing collection of related YouTube clips submitted in just the past few days and, again, the clear message is that he thinks gold is going higher, not lower. This story at LiveMint is typical of what's been published recently but, upon closer examination, it seems to me that the second comment below is more interesting than the now well known first.


Complete Story »]]> GLD IAU SGOL Tim Iacono Inflation, Rather than Deflation, In the U.K. http://seekingalpha.com/article/174087-inflation-rather-than-deflation-in-the-u-k?source=feed 174087 In a preview of coming attractions for the U.S. Labor Department, the U.K. government announced that, for the first time in nine months, the annual inflation rate has a "plus" sign in front of it, largely due to comparisons against plunging energy prices a year ago.

This story in the Telegraph provides the details:

]]> Wed, 18 Nov 2009 13:32:21 -0500 Tim Iacono Tim Iacono submits:

In a preview of coming attractions for the U.S. Labor Department, the U.K. government announced that, for the first time in nine months, the annual inflation rate has a "plus" sign in front of it, largely due to comparisons against plunging energy prices a year ago.

This story in the Telegraph provides the details:


Complete Story »]]> EWU Tim Iacono State Budgets Spiraling out of Control http://seekingalpha.com/article/173756-state-budgets-spiraling-out-of-control?source=feed 173756 A report from the Pew Center on the States shows that other parts of the country are now catching "California disease" in which the state budget spirals out of control, ends made to meet last fiscal year only with some newly printed/borrowed money from Washington D.C.
IMAGE The report begins by noting that California is in a league of its own but, based on the data in the table above, Arizona doesn't appear to be too far behind. Oregon's not doing so hot either.

In the map to the right it's clear to see that problems are worst in the four housing bubble states of California, Arizona, Nevada, and Florida along with the rust belt states of Wisconsin, Michigan, and Illinois (is Wisconsin considered part of the rust belt?) and then Oregon, New Jersey, and Rhode Island, all of which have unique difficulties.

]]> Tue, 17 Nov 2009 07:59:14 -0500 Tim Iacono Tim Iacono submits:

A report from the Pew Center on the States shows that other parts of the country are now catching "California disease" in which the state budget spirals out of control, ends made to meet last fiscal year only with some newly printed/borrowed money from Washington D.C.
IMAGE The report begins by noting that California is in a league of its own but, based on the data in the table above, Arizona doesn't appear to be too far behind. Oregon's not doing so hot either.

In the map to the right it's clear to see that problems are worst in the four housing bubble states of California, Arizona, Nevada, and Florida along with the rust belt states of Wisconsin, Michigan, and Illinois (is Wisconsin considered part of the rust belt?) and then Oregon, New Jersey, and Rhode Island, all of which have unique difficulties.


Complete Story »]]> DIA SPY QQQQ Tim Iacono Gartman on the 'Mind Boggling' Gold Bubble http://seekingalpha.com/article/173651-gartman-on-the-mind-boggling-gold-bubble?source=feed 173651 Dennis Gartman, author of the Gartman Letter and the frequent target of attacks by gold bugs (though not too much lately), thinks that gold is in a bubble but has no idea how big the bubble might get, growing ever larger "until it stops"./p>

That part at the end about "dancing while the music is playing" spurs memories of similar comments by hedge fund managers in early-2008. Hmmm...

]]> Mon, 16 Nov 2009 15:46:07 -0500 Tim Iacono Tim Iacono submits:

Dennis Gartman, author of the Gartman Letter and the frequent target of attacks by gold bugs (though not too much lately), thinks that gold is in a bubble but has no idea how big the bubble might get, growing ever larger "until it stops"./p>

That part at the end about "dancing while the music is playing" spurs memories of similar comments by hedge fund managers in early-2008. Hmmm...


Complete Story »]]> GLD IAU SGOL Tim Iacono October Retail Sales Rise, Led by Increase in Auto Sales http://seekingalpha.com/article/173601-october-retail-sales-rise-led-by-increase-in-auto-sales?source=feed 173601 The Census Bureau reported a big increase in retail sales during the month of October paced by a 7.4 percent gain in automobile sales, a bounce-back from the September plunge in car sales after the Cash for Clunkers program ended.
IMAGE Overall retail sales rose 1.4 percent last month, following a plunge of 2.3 percent the month before, the September data being revised downward sharply as it was previously reported as a decline of just 1.5 percent.

Excluding autos, retail sales improved just 0.2 percent in October after a gain of 0.4 percent the month prior and, excluding both autos and gasoline, sales rose 0.3 percent last month, the same as in September.

]]> Mon, 16 Nov 2009 12:18:37 -0500 Tim Iacono Tim Iacono submits:

The Census Bureau reported a big increase in retail sales during the month of October paced by a 7.4 percent gain in automobile sales, a bounce-back from the September plunge in car sales after the Cash for Clunkers program ended.
IMAGE Overall retail sales rose 1.4 percent last month, following a plunge of 2.3 percent the month before, the September data being revised downward sharply as it was previously reported as a decline of just 1.5 percent.

Excluding autos, retail sales improved just 0.2 percent in October after a gain of 0.4 percent the month prior and, excluding both autos and gasoline, sales rose 0.3 percent last month, the same as in September.


Complete Story »]]> LOW HD Tim Iacono Gold and Silver Continue Their Ascent http://seekingalpha.com/article/173482-gold-and-silver-continue-their-ascent?source=feed 173482 A week removed from the blockbuster announcement that the Reserve Bank of India had purchased 200 tonnes of gold from the IMF, precious metals continued their ascent, gold making fresh all-time highs last week at just over $1,120 before ending the week with a gain of about $20 at $1,118 an ounce. Silver posted a modest gain, up from $17.39 an ounce to $17.42 an ounce.

The view that central banks will continue to be net buyers of gold rather than net sellers (as has been the case for about the last twenty years) has many calling the Indian purchase at $1,045 an ounce the "new floor" for the gold price.

]]> Mon, 16 Nov 2009 04:51:00 -0500 Tim Iacono Tim Iacono submits:

A week removed from the blockbuster announcement that the Reserve Bank of India had purchased 200 tonnes of gold from the IMF, precious metals continued their ascent, gold making fresh all-time highs last week at just over $1,120 before ending the week with a gain of about $20 at $1,118 an ounce. Silver posted a modest gain, up from $17.39 an ounce to $17.42 an ounce.

The view that central banks will continue to be net buyers of gold rather than net sellers (as has been the case for about the last twenty years) has many calling the Indian purchase at $1,045 an ounce the "new floor" for the gold price.


Complete Story »]]> GLD IAU SLV SGOL SIVR Tim Iacono Asset Bubbles as the Path to Recovery: I Think We're Turning Japanese http://seekingalpha.com/article/173371-asset-bubbles-as-the-path-to-recovery-i-think-we-re-turning-japanese?source=feed 173371 President Obama is in Asia, talking with various trading partners about the future of the global economy. The topic of America's biggest exports - U.S. dollars and asset bubbles - is likely to come up during these discussions unless, somehow, they've all missed comments coming from last week's APEC gathering as reported in the Wall Street Journal.

Bubble Fears Surface at APEC Gathering
The U.S. has limited ability to stop the dollar's recent decline, World Bank President Robert Zoellick said Friday, as he and several Asian leaders expressed concern that global stimulus measures could be inflating asset bubbles.

]]> Sun, 15 Nov 2009 05:37:28 -0500 Tim Iacono Tim Iacono submits:

President Obama is in Asia, talking with various trading partners about the future of the global economy. The topic of America's biggest exports - U.S. dollars and asset bubbles - is likely to come up during these discussions unless, somehow, they've all missed comments coming from last week's APEC gathering as reported in the Wall Street Journal.

Bubble Fears Surface at APEC Gathering
The U.S. has limited ability to stop the dollar's recent decline, World Bank President Robert Zoellick said Friday, as he and several Asian leaders expressed concern that global stimulus measures could be inflating asset bubbles.


Complete Story »]]> Tim Iacono Consumer Sentiment Continues to Falter http://seekingalpha.com/article/173300-consumer-sentiment-continues-to-falter?source=feed 173300 The mood of the consumer continues to be unsteady and unpredictable as indicated by the latest reading of the Reuters/University of Michigan consumer sentiment index.

Like the Conference Board's consumer confidence index, consumer sentiment has now declined for two months and, after surging from record-lows early in the year, current readings are down sharply from levels seen over the summer. It is important to remember, however, that even the September high of 73.5 is still quite low by historical measure.
IMAGE The index dropped from a final October reading of 70.6 to just 66.0 in the first of two readings for the month of November. Deterioration seen in sub-indexes for both current conditions and expectations of the future fell 4.1 points and 4.9 points, respectively.

]]> Fri, 13 Nov 2009 15:23:17 -0500 Tim Iacono Tim Iacono submits:

The mood of the consumer continues to be unsteady and unpredictable as indicated by the latest reading of the Reuters/University of Michigan consumer sentiment index.

Like the Conference Board's consumer confidence index, consumer sentiment has now declined for two months and, after surging from record-lows early in the year, current readings are down sharply from levels seen over the summer. It is important to remember, however, that even the September high of 73.5 is still quite low by historical measure.
IMAGE The index dropped from a final October reading of 70.6 to just 66.0 in the first of two readings for the month of November. Deterioration seen in sub-indexes for both current conditions and expectations of the future fell 4.1 points and 4.9 points, respectively.


Complete Story »]]> Tim Iacono The Fed: Starting to Come to Its Senses http://seekingalpha.com/article/173286-the-fed-starting-to-come-to-its-senses?source=feed 173286 It's amazing the things that people and organizations will do when they perceive that their way of life or their very existence is being threatened.

Such is the case with the recent announcement that the Federal Reserve will soon require banks to offer overdraft "protection" as an "opt-in" service rather than as a default choice for customers who have complained loudly about $35 cappuccinos in recent years.

]]> Fri, 13 Nov 2009 14:16:24 -0500 Tim Iacono Tim Iacono submits:

It's amazing the things that people and organizations will do when they perceive that their way of life or their very existence is being threatened.

Such is the case with the recent announcement that the Federal Reserve will soon require banks to offer overdraft "protection" as an "opt-in" service rather than as a default choice for customers who have complained loudly about $35 cappuccinos in recent years.


Complete Story »]]> Tim Iacono Isn't the Fed Monetizing Housing Debt? http://seekingalpha.com/article/173073-isn-t-the-fed-monetizing-housing-debt?source=feed 173073 In reading the newspapers over the last eight months, since the Federal Reserve decided to print money on a massive scale in order to buy $300 billion in U.S. Treasuries along with about a trillion and a half dollars in mortgage related debt, these two groups of purchases have been viewed quite differently.

The former is seen as a particularly bad thing for a central bank to be doing as this money created "out of thin air" is used to directly fund government spending, spurring comparisons to Zimbabwe and Weimar Germany where similar efforts led to hyper-inflation.

]]> Thu, 12 Nov 2009 15:29:08 -0500 Tim Iacono Tim Iacono submits:

In reading the newspapers over the last eight months, since the Federal Reserve decided to print money on a massive scale in order to buy $300 billion in U.S. Treasuries along with about a trillion and a half dollars in mortgage related debt, these two groups of purchases have been viewed quite differently.

The former is seen as a particularly bad thing for a central bank to be doing as this money created "out of thin air" is used to directly fund government spending, spurring comparisons to Zimbabwe and Weimar Germany where similar efforts led to hyper-inflation.


Complete Story »]]> FNM FRE Tim Iacono China Housing Market: It's 2005 All Over Again http://seekingalpha.com/article/173063-china-housing-market-it-s-2005-all-over-again?source=feed 173063 What Americans wouldn't give for a chart of home prices that looks like the one below from this report in CHINADaily. Granted, a year-over-year increase of 3.9 percent isn't much compared to what was seen during the halcyon days of the global credit bubble a few years ago, but for 2008 to 2009, it's pretty good.

The cost of a home in China rose sharply in October, with the price surging up at its fastest rate for 14 months.

]]> Thu, 12 Nov 2009 14:41:58 -0500 Tim Iacono Tim Iacono submits:

What Americans wouldn't give for a chart of home prices that looks like the one below from this report in CHINADaily. Granted, a year-over-year increase of 3.9 percent isn't much compared to what was seen during the halcyon days of the global credit bubble a few years ago, but for 2008 to 2009, it's pretty good.

The cost of a home in China rose sharply in October, with the price surging up at its fastest rate for 14 months.


Complete Story »]]> Tim Iacono Marc Faber Is Conflicted About the Price of Gold http://seekingalpha.com/article/173062-marc-faber-is-conflicted-about-the-price-of-gold?source=feed 173062 Depending upon where you get your news, Gloom, Boom, and Doomer Marc Faber thinks that, after the recent run-up, the price of gold will either:

  1. Dip to as low as $800 an ounce, or
  2. Never sink below $1,000 again

There appears to be very little middle ground. Commodity Online and a few other news outlets report that a weak U.S. economy will soon pull the price of the yellow metal down.

]]> Thu, 12 Nov 2009 14:34:25 -0500 Tim Iacono Tim Iacono submits:

Depending upon where you get your news, Gloom, Boom, and Doomer Marc Faber thinks that, after the recent run-up, the price of gold will either:

  1. Dip to as low as $800 an ounce, or
  2. Never sink below $1,000 again

There appears to be very little middle ground. Commodity Online and a few other news outlets report that a weak U.S. economy will soon pull the price of the yellow metal down.


Complete Story »]]> Tim Iacono Van Eck's Junior Gold Miners ETF Launches http://seekingalpha.com/article/172837-van-eck-s-junior-gold-miners-etf-launches?source=feed 172837 Earlier today, the new Market Vectors Junior Gold Miners ETF (NYSEArca:GDXJ) from Van Eck Global began trading in New York. This is the first exchange traded fund to focus on the small- and mid-cap gold/silver mining sector and follows the very popular Market Vectors Gold Miners ETF (NYSEArca:GDX). More details are provided by Business Wire:

“Junior miners represent an early stage opportunity similar to a venture capital investment, the potential exists for high growth, but significant risks exist as well,” said Jan van Eck, Principal at Van Eck Global. “At a time when global gold production has been dropping while demand has been on the rise, nimble young companies with attractive projects are potentially both a key source of new gold production and attractive takeover targets for more established players in the field.”

]]> Wed, 11 Nov 2009 15:19:37 -0500 Tim Iacono Tim Iacono submits:

Earlier today, the new Market Vectors Junior Gold Miners ETF (NYSEArca:GDXJ) from Van Eck Global began trading in New York. This is the first exchange traded fund to focus on the small- and mid-cap gold/silver mining sector and follows the very popular Market Vectors Gold Miners ETF (NYSEArca:GDX). More details are provided by Business Wire:

“Junior miners represent an early stage opportunity similar to a venture capital investment, the potential exists for high growth, but significant risks exist as well,” said Jan van Eck, Principal at Van Eck Global. “At a time when global gold production has been dropping while demand has been on the rise, nimble young companies with attractive projects are potentially both a key source of new gold production and attractive takeover targets for more established players in the field.”


Complete Story »]]> GDX GDXJ Tim Iacono