Gold to Replicate Oil's Parabolic Move; 30-yr Treasury Yields to Soar [View article]
Dollar is bottoming for a rise into 2009. Pimco's Bill Gross likes U.S. dollar over euro Posted Jul 15th 2008 12:24PM by Zack Miller Filed under: International markets, Forecasts, S and P 500, DJIA, Federal Reserve
Investors have watched the precipitous fall in the U.S. dollar over the past few years with trepidation. Investors in Israeli stocks trading in the U.S. have witnessed the once-lowly shekel dominate the dollar (and most other global currencies) over the past two years. It looks, at least from some uber-investors' perspectives, that the dollar may be set to reverse -- a boon for those companies with significant sales in the U.S.
Bloomberg has an article out this morning saying that bond guru, Bill Gross, the manager of the world's largest bond fund, the $129 billion Pimco Total Return Fund, has turned negative on the euro for the first time since its inception in 1999. According to the article, Gross's firm, Pimco, believes that according to purchasing power parity, a measure used to account for differences in exchange rates across countries, the euro is overvalued by 30%.
And Gross isn't the only one who is concerned that Europe may suffer a bigger slowdown than the U.S. in a world confronted with slowing growth and financial snafus. The same Bloomberg article says that according to a recent poll conducted by Bloomberg of global strategists, many think that the euro has seen its day and that the dollar is poised for a rally (hard to believe in the face of Fannie Mae and IndyMac).
Europe's Trichet-led Central Bank has signaled that it may be done raising rates. In fact, given the choice between fighting inflation and re-energizing a sputtering economy, some are betting that the ECB may need to actually lower rates. With a Fed-led plan to bailout the U.S. banking system and the bottoming out of the dollar, it looks like Gross and Co. are betting against the euro for years to come.
The Impact of the Beijing Olympics on Commodities Prices [View article]
SNEN.OB is a clean energy CNG player in the Chinese space buliding out it stations right now. Natural gas is cleaner and cheaper than oil and is being run in all their taxis and buses. High of 5 dollars and is trading at 2.70 right now. Expecting big things from this copany. Has solid managment in place.
Who's Benefiting from Soaring Gold Prices, and Why? [View article]
Denver, CO, March 17, 2008 (BUSINESS WIRE) - International Gold Resources, Inc. (IGRU News; Pink Sheets) today announced an update on its Cupixi Mining License application and the appointment of Nathan M. Longenecker as the Company's Vice President, General Counsel and Secretary.
Update on Cupixi Mining License
International Gold Resources, Inc. ("IGR") President and Chief Executive Officer Robert L. Dumont recently returned from Brazil where he visited the Company's exploration properties and met with the Regional Director of the Departamento Nacional de Producao Mineral ("DNPM") and other senior government officials regarding the status of the Company's Cupixi Mining License application filed in October 2007.
Mr. Dumont commented, "I return from Brazil very encouraged by the quality of our Brazilian assets, employees and contractors, and the support for IGR and its mining license from the Brazilian Government. The DNPM has asked that we address some minor technical comments to our original license submission. That work is already underway and I expect it will take us approximately 60 days to complete. Based on my meetings with the DNPM and other senior government officials, I believe we continue to have a clear path to receiving our license in the near term."
Mr. Dumont went on to say, "I also toured each of our exploration properties and continue to be very excited by our Cupixi manganese project as well as our gold properties at Cupixi, Lourenco, Cassipore and Cachoeira. As we discussed on our investor conference call, we are nearing completion of our comprehensive data review on our Brazilian gold properties and expect to release that information as well as results of our 2007 Yukon exploration program shortly."
Appointment of Mr. Longenecker
Finally, the Company has appointed, on a part-time basis, Nathan M. Longenecker as the Company's Vice President, General Counsel and Secretary. Mr. Longenecker is a founding partner of Temkin Wielga Hardt & Longenecker LLP, a Denver-based law firm with particular expertise in representing clients in the natural resource industry in both domestic and international matters. Mr. Longenecker grew up in Edmonton, Alberta, Canada. He received his undergraduate degree from Colorado College in 1990 and his Juris Doctorate degree from the University of San Diego School of Law in 1994 where he was a member of the Order of the Coif and the San Diego Law Review. He is a member of the Bar of the Courts of Colorado and the Ninth Circuit and Tenth Circuit Courts of Appeals. Prior to co-founding Temkin Wielga Hardt & Longenecker LLP in 1999, Mr. Longenecker practiced law at the national law firms Dorsey & Whitney LLP and Ballard Spahr Andrews & Ingersoll LLP.
Mr. Dumont said, "I am extremely pleased that Nathan has agreed to join IGR. His background and significant experience representing multinational resource companies make him a great addition to our team as we progress our asset portfolios and grow our Company."
Ladies and Gentlemen, Here's Gold at $1000 [View article]
Denver, CO, March 17, 2008 (BUSINESS WIRE) - International Gold Resources, Inc. (IGRU News; Pink Sheets) today announced an update on its Cupixi Mining License application and the appointment of Nathan M. Longenecker as the Company's Vice President, General Counsel and Secretary.
Update on Cupixi Mining License
International Gold Resources, Inc. ("IGR") President and Chief Executive Officer Robert L. Dumont recently returned from Brazil where he visited the Company's exploration properties and met with the Regional Director of the Departamento Nacional de Producao Mineral ("DNPM") and other senior government officials regarding the status of the Company's Cupixi Mining License application filed in October 2007.
Mr. Dumont commented, "I return from Brazil very encouraged by the quality of our Brazilian assets, employees and contractors, and the support for IGR and its mining license from the Brazilian Government. The DNPM has asked that we address some minor technical comments to our original license submission. That work is already underway and I expect it will take us approximately 60 days to complete. Based on my meetings with the DNPM and other senior government officials, I believe we continue to have a clear path to receiving our license in the near term."
Mr. Dumont went on to say, "I also toured each of our exploration properties and continue to be very excited by our Cupixi manganese project as well as our gold properties at Cupixi, Lourenco, Cassipore and Cachoeira. As we discussed on our investor conference call, we are nearing completion of our comprehensive data review on our Brazilian gold properties and expect to release that information as well as results of our 2007 Yukon exploration program shortly."
Appointment of Mr. Longenecker
Finally, the Company has appointed, on a part-time basis, Nathan M. Longenecker as the Company's Vice President, General Counsel and Secretary. Mr. Longenecker is a founding partner of Temkin Wielga Hardt & Longenecker LLP, a Denver-based law firm with particular expertise in representing clients in the natural resource industry in both domestic and international matters. Mr. Longenecker grew up in Edmonton, Alberta, Canada. He received his undergraduate degree from Colorado College in 1990 and his Juris Doctorate degree from the University of San Diego School of Law in 1994 where he was a member of the Order of the Coif and the San Diego Law Review. He is a member of the Bar of the Courts of Colorado and the Ninth Circuit and Tenth Circuit Courts of Appeals. Prior to co-founding Temkin Wielga Hardt & Longenecker LLP in 1999, Mr. Longenecker practiced law at the national law firms Dorsey & Whitney LLP and Ballard Spahr Andrews & Ingersoll LLP.
Mr. Dumont said, "I am extremely pleased that Nathan has agreed to join IGR. His background and significant experience representing multinational resource companies make him a great addition to our team as we progress our asset portfolios and grow our Company."
$1,000 Gold and the Free-Falling Dollar [View article]
Denver, CO, March 17, 2008 (BUSINESS WIRE) - International Gold Resources, Inc. (IGRU News; Pink Sheets) today announced an update on its Cupixi Mining License application and the appointment of Nathan M. Longenecker as the Company's Vice President, General Counsel and Secretary.
Update on Cupixi Mining License
International Gold Resources, Inc. ("IGR") President and Chief Executive Officer Robert L. Dumont recently returned from Brazil where he visited the Company's exploration properties and met with the Regional Director of the Departamento Nacional de Producao Mineral ("DNPM") and other senior government officials regarding the status of the Company's Cupixi Mining License application filed in October 2007.
Mr. Dumont commented, "I return from Brazil very encouraged by the quality of our Brazilian assets, employees and contractors, and the support for IGR and its mining license from the Brazilian Government. The DNPM has asked that we address some minor technical comments to our original license submission. That work is already underway and I expect it will take us approximately 60 days to complete. Based on my meetings with the DNPM and other senior government officials, I believe we continue to have a clear path to receiving our license in the near term."
Mr. Dumont went on to say, "I also toured each of our exploration properties and continue to be very excited by our Cupixi manganese project as well as our gold properties at Cupixi, Lourenco, Cassipore and Cachoeira. As we discussed on our investor conference call, we are nearing completion of our comprehensive data review on our Brazilian gold properties and expect to release that information as well as results of our 2007 Yukon exploration program shortly."
Appointment of Mr. Longenecker
Finally, the Company has appointed, on a part-time basis, Nathan M. Longenecker as the Company's Vice President, General Counsel and Secretary. Mr. Longenecker is a founding partner of Temkin Wielga Hardt & Longenecker LLP, a Denver-based law firm with particular expertise in representing clients in the natural resource industry in both domestic and international matters. Mr. Longenecker grew up in Edmonton, Alberta, Canada. He received his undergraduate degree from Colorado College in 1990 and his Juris Doctorate degree from the University of San Diego School of Law in 1994 where he was a member of the Order of the Coif and the San Diego Law Review. He is a member of the Bar of the Courts of Colorado and the Ninth Circuit and Tenth Circuit Courts of Appeals. Prior to co-founding Temkin Wielga Hardt & Longenecker LLP in 1999, Mr. Longenecker practiced law at the national law firms Dorsey & Whitney LLP and Ballard Spahr Andrews & Ingersoll LLP.
Mr. Dumont said, "I am extremely pleased that Nathan has agreed to join IGR. His background and significant experience representing multinational resource companies make him a great addition to our team as we progress our asset portfolios and grow our Company."
Four-Digit Gold Sets a New World Order [View article]
Denver, CO, March 17, 2008 (BUSINESS WIRE) - International Gold Resources, Inc. (IGRU News; Pink Sheets) today announced an update on its Cupixi Mining License application and the appointment of Nathan M. Longenecker as the Company's Vice President, General Counsel and Secretary.
Update on Cupixi Mining License
International Gold Resources, Inc. ("IGR") President and Chief Executive Officer Robert L. Dumont recently returned from Brazil where he visited the Company's exploration properties and met with the Regional Director of the Departamento Nacional de Producao Mineral ("DNPM") and other senior government officials regarding the status of the Company's Cupixi Mining License application filed in October 2007.
Mr. Dumont commented, "I return from Brazil very encouraged by the quality of our Brazilian assets, employees and contractors, and the support for IGR and its mining license from the Brazilian Government. The DNPM has asked that we address some minor technical comments to our original license submission. That work is already underway and I expect it will take us approximately 60 days to complete. Based on my meetings with the DNPM and other senior government officials, I believe we continue to have a clear path to receiving our license in the near term."
Mr. Dumont went on to say, "I also toured each of our exploration properties and continue to be very excited by our Cupixi manganese project as well as our gold properties at Cupixi, Lourenco, Cassipore and Cachoeira. As we discussed on our investor conference call, we are nearing completion of our comprehensive data review on our Brazilian gold properties and expect to release that information as well as results of our 2007 Yukon exploration program shortly."
Appointment of Mr. Longenecker
Finally, the Company has appointed, on a part-time basis, Nathan M. Longenecker as the Company's Vice President, General Counsel and Secretary. Mr. Longenecker is a founding partner of Temkin Wielga Hardt & Longenecker LLP, a Denver-based law firm with particular expertise in representing clients in the natural resource industry in both domestic and international matters. Mr. Longenecker grew up in Edmonton, Alberta, Canada. He received his undergraduate degree from Colorado College in 1990 and his Juris Doctorate degree from the University of San Diego School of Law in 1994 where he was a member of the Order of the Coif and the San Diego Law Review. He is a member of the Bar of the Courts of Colorado and the Ninth Circuit and Tenth Circuit Courts of Appeals. Prior to co-founding Temkin Wielga Hardt & Longenecker LLP in 1999, Mr. Longenecker practiced law at the national law firms Dorsey & Whitney LLP and Ballard Spahr Andrews & Ingersoll LLP.
Mr. Dumont said, "I am extremely pleased that Nathan has agreed to join IGR. His background and significant experience representing multinational resource companies make him a great addition to our team as we progress our asset portfolios and grow our Company."
Worrisome Divergence in Gold, Miners ETF Charts [View article]
Haywood Analysts: Compelling Opportunities Left in Junior Golds [View article]
Haywood Analysts: Compelling Opportunities Left in Junior Golds [View article]
Gold to Replicate Oil's Parabolic Move; 30-yr Treasury Yields to Soar [View article]
Pimco's Bill Gross likes U.S. dollar over euro
Posted Jul 15th 2008 12:24PM by Zack Miller
Filed under: International markets, Forecasts, S and P 500, DJIA, Federal Reserve
Investors have watched the precipitous fall in the U.S. dollar over the past few years with trepidation. Investors in Israeli stocks trading in the U.S. have witnessed the once-lowly shekel dominate the dollar (and most other global currencies) over the past two years. It looks, at least from some uber-investors' perspectives, that the dollar may be set to reverse -- a boon for those companies with significant sales in the U.S.
Bloomberg has an article out this morning saying that bond guru, Bill Gross, the manager of the world's largest bond fund, the $129 billion Pimco Total Return Fund, has turned negative on the euro for the first time since its inception in 1999. According to the article, Gross's firm, Pimco, believes that according to purchasing power parity, a measure used to account for differences in exchange rates across countries, the euro is overvalued by 30%.
And Gross isn't the only one who is concerned that Europe may suffer a bigger slowdown than the U.S. in a world confronted with slowing growth and financial snafus. The same Bloomberg article says that according to a recent poll conducted by Bloomberg of global strategists, many think that the euro has seen its day and that the dollar is poised for a rally (hard to believe in the face of Fannie Mae and IndyMac).
Europe's Trichet-led Central Bank has signaled that it may be done raising rates. In fact, given the choice between fighting inflation and re-energizing a sputtering economy, some are betting that the ECB may need to actually lower rates. With a Fed-led plan to bailout the U.S. banking system and the bottoming out of the dollar, it looks like Gross and Co. are betting against the euro for years to come.
PowerShares DB Gold Offers a Sophisticated Strategy to Small Investors [View article]
The Impact of the Beijing Olympics on Commodities Prices [View article]
Who's Benefiting from Soaring Gold Prices, and Why? [View article]
Update on Cupixi Mining License
International Gold Resources, Inc. ("IGR") President and Chief Executive Officer Robert L. Dumont recently returned from Brazil where he visited the Company's exploration properties and met with the Regional Director of the Departamento Nacional de Producao Mineral ("DNPM") and other senior government officials regarding the status of the Company's Cupixi Mining License application filed in October 2007.
Mr. Dumont commented, "I return from Brazil very encouraged by the quality of our Brazilian assets, employees and contractors, and the support for IGR and its mining license from the Brazilian Government. The DNPM has asked that we address some minor technical comments to our original license submission. That work is already underway and I expect it will take us approximately 60 days to complete. Based on my meetings with the DNPM and other senior government officials, I believe we continue to have a clear path to receiving our license in the near term."
Mr. Dumont went on to say, "I also toured each of our exploration properties and continue to be very excited by our Cupixi manganese project as well as our gold properties at Cupixi, Lourenco, Cassipore and Cachoeira. As we discussed on our investor conference call, we are nearing completion of our comprehensive data review on our Brazilian gold properties and expect to release that information as well as results of our 2007 Yukon exploration program shortly."
Appointment of Mr. Longenecker
Finally, the Company has appointed, on a part-time basis, Nathan M. Longenecker as the Company's Vice President, General Counsel and Secretary. Mr. Longenecker is a founding partner of Temkin Wielga Hardt & Longenecker LLP, a Denver-based law firm with particular expertise in representing clients in the natural resource industry in both domestic and international matters. Mr. Longenecker grew up in Edmonton, Alberta, Canada. He received his undergraduate degree from Colorado College in 1990 and his Juris Doctorate degree from the University of San Diego School of Law in 1994 where he was a member of the Order of the Coif and the San Diego Law Review. He is a member of the Bar of the Courts of Colorado and the Ninth Circuit and Tenth Circuit Courts of Appeals. Prior to co-founding Temkin Wielga Hardt & Longenecker LLP in 1999, Mr. Longenecker practiced law at the national law firms Dorsey & Whitney LLP and Ballard Spahr Andrews & Ingersoll LLP.
Mr. Dumont said, "I am extremely pleased that Nathan has agreed to join IGR. His background and significant experience representing multinational resource companies make him a great addition to our team as we progress our asset portfolios and grow our Company."
Ladies and Gentlemen, Here's Gold at $1000 [View article]
Update on Cupixi Mining License
International Gold Resources, Inc. ("IGR") President and Chief Executive Officer Robert L. Dumont recently returned from Brazil where he visited the Company's exploration properties and met with the Regional Director of the Departamento Nacional de Producao Mineral ("DNPM") and other senior government officials regarding the status of the Company's Cupixi Mining License application filed in October 2007.
Mr. Dumont commented, "I return from Brazil very encouraged by the quality of our Brazilian assets, employees and contractors, and the support for IGR and its mining license from the Brazilian Government. The DNPM has asked that we address some minor technical comments to our original license submission. That work is already underway and I expect it will take us approximately 60 days to complete. Based on my meetings with the DNPM and other senior government officials, I believe we continue to have a clear path to receiving our license in the near term."
Mr. Dumont went on to say, "I also toured each of our exploration properties and continue to be very excited by our Cupixi manganese project as well as our gold properties at Cupixi, Lourenco, Cassipore and Cachoeira. As we discussed on our investor conference call, we are nearing completion of our comprehensive data review on our Brazilian gold properties and expect to release that information as well as results of our 2007 Yukon exploration program shortly."
Appointment of Mr. Longenecker
Finally, the Company has appointed, on a part-time basis, Nathan M. Longenecker as the Company's Vice President, General Counsel and Secretary. Mr. Longenecker is a founding partner of Temkin Wielga Hardt & Longenecker LLP, a Denver-based law firm with particular expertise in representing clients in the natural resource industry in both domestic and international matters. Mr. Longenecker grew up in Edmonton, Alberta, Canada. He received his undergraduate degree from Colorado College in 1990 and his Juris Doctorate degree from the University of San Diego School of Law in 1994 where he was a member of the Order of the Coif and the San Diego Law Review. He is a member of the Bar of the Courts of Colorado and the Ninth Circuit and Tenth Circuit Courts of Appeals. Prior to co-founding Temkin Wielga Hardt & Longenecker LLP in 1999, Mr. Longenecker practiced law at the national law firms Dorsey & Whitney LLP and Ballard Spahr Andrews & Ingersoll LLP.
Mr. Dumont said, "I am extremely pleased that Nathan has agreed to join IGR. His background and significant experience representing multinational resource companies make him a great addition to our team as we progress our asset portfolios and grow our Company."
$1,000 Gold and the Free-Falling Dollar [View article]
Update on Cupixi Mining License
International Gold Resources, Inc. ("IGR") President and Chief Executive Officer Robert L. Dumont recently returned from Brazil where he visited the Company's exploration properties and met with the Regional Director of the Departamento Nacional de Producao Mineral ("DNPM") and other senior government officials regarding the status of the Company's Cupixi Mining License application filed in October 2007.
Mr. Dumont commented, "I return from Brazil very encouraged by the quality of our Brazilian assets, employees and contractors, and the support for IGR and its mining license from the Brazilian Government. The DNPM has asked that we address some minor technical comments to our original license submission. That work is already underway and I expect it will take us approximately 60 days to complete. Based on my meetings with the DNPM and other senior government officials, I believe we continue to have a clear path to receiving our license in the near term."
Mr. Dumont went on to say, "I also toured each of our exploration properties and continue to be very excited by our Cupixi manganese project as well as our gold properties at Cupixi, Lourenco, Cassipore and Cachoeira. As we discussed on our investor conference call, we are nearing completion of our comprehensive data review on our Brazilian gold properties and expect to release that information as well as results of our 2007 Yukon exploration program shortly."
Appointment of Mr. Longenecker
Finally, the Company has appointed, on a part-time basis, Nathan M. Longenecker as the Company's Vice President, General Counsel and Secretary. Mr. Longenecker is a founding partner of Temkin Wielga Hardt & Longenecker LLP, a Denver-based law firm with particular expertise in representing clients in the natural resource industry in both domestic and international matters. Mr. Longenecker grew up in Edmonton, Alberta, Canada. He received his undergraduate degree from Colorado College in 1990 and his Juris Doctorate degree from the University of San Diego School of Law in 1994 where he was a member of the Order of the Coif and the San Diego Law Review. He is a member of the Bar of the Courts of Colorado and the Ninth Circuit and Tenth Circuit Courts of Appeals. Prior to co-founding Temkin Wielga Hardt & Longenecker LLP in 1999, Mr. Longenecker practiced law at the national law firms Dorsey & Whitney LLP and Ballard Spahr Andrews & Ingersoll LLP.
Mr. Dumont said, "I am extremely pleased that Nathan has agreed to join IGR. His background and significant experience representing multinational resource companies make him a great addition to our team as we progress our asset portfolios and grow our Company."
Four-Digit Gold Sets a New World Order [View article]
Update on Cupixi Mining License
International Gold Resources, Inc. ("IGR") President and Chief Executive Officer Robert L. Dumont recently returned from Brazil where he visited the Company's exploration properties and met with the Regional Director of the Departamento Nacional de Producao Mineral ("DNPM") and other senior government officials regarding the status of the Company's Cupixi Mining License application filed in October 2007.
Mr. Dumont commented, "I return from Brazil very encouraged by the quality of our Brazilian assets, employees and contractors, and the support for IGR and its mining license from the Brazilian Government. The DNPM has asked that we address some minor technical comments to our original license submission. That work is already underway and I expect it will take us approximately 60 days to complete. Based on my meetings with the DNPM and other senior government officials, I believe we continue to have a clear path to receiving our license in the near term."
Mr. Dumont went on to say, "I also toured each of our exploration properties and continue to be very excited by our Cupixi manganese project as well as our gold properties at Cupixi, Lourenco, Cassipore and Cachoeira. As we discussed on our investor conference call, we are nearing completion of our comprehensive data review on our Brazilian gold properties and expect to release that information as well as results of our 2007 Yukon exploration program shortly."
Appointment of Mr. Longenecker
Finally, the Company has appointed, on a part-time basis, Nathan M. Longenecker as the Company's Vice President, General Counsel and Secretary. Mr. Longenecker is a founding partner of Temkin Wielga Hardt & Longenecker LLP, a Denver-based law firm with particular expertise in representing clients in the natural resource industry in both domestic and international matters. Mr. Longenecker grew up in Edmonton, Alberta, Canada. He received his undergraduate degree from Colorado College in 1990 and his Juris Doctorate degree from the University of San Diego School of Law in 1994 where he was a member of the Order of the Coif and the San Diego Law Review. He is a member of the Bar of the Courts of Colorado and the Ninth Circuit and Tenth Circuit Courts of Appeals. Prior to co-founding Temkin Wielga Hardt & Longenecker LLP in 1999, Mr. Longenecker practiced law at the national law firms Dorsey & Whitney LLP and Ballard Spahr Andrews & Ingersoll LLP.
Mr. Dumont said, "I am extremely pleased that Nathan has agreed to join IGR. His background and significant experience representing multinational resource companies make him a great addition to our team as we progress our asset portfolios and grow our Company."
The Most Violent Bear Impulse Since 2002 [View article]
Gold Technicals: Will We See a Correction or $1,080? [View article]
Louis James on Why the Big Gold and Silver Spike Will Be Even Bigger This Time [View article]
In its start up phase but has two properties that companies like newmont might get interested in.