Hot Penny Stocks

Sorry for the late delivery of Money Morning today.  We had a few errands to run this morning and so we started much later than usual… West Texas Intermediate Crude briefly joined its cousin – Brent Crude – above USD$100 last night. It didn’t last.  Even so, WTI closed US trading above USD$96.  And Brent [...]

A correction to our Money Weekend article. The government’s Financial Claims Scheme covers bank deposits up to $1 million. According to our pals at the Australian Prudential Regulation Authority (APRA): “The Commonwealth Government has issued a guarantee of deposits at ADIs up to $1 million per depositor in any one ADI.  The guarantee will remain [...]

You can’t help but love him… Michael Pascoe of the Fairfax papers. In today’s effort he comes up with two beauties: “And now, with all but the hard-core climate change denialists accepting that extreme weather will become more common, there’s no excuse at all. Streets and houses that flooded in 1974 are flooding again now [...]

“I think not owning gold is a form of insanity, it may even show unhealthy masochistic tendencies, which might need medical attention.”­ – Robin Griffiths, Cazenove Capital How we wish we’d said that. You can watch the video clip here. Sometimes we have a tendency not to say what we really think. I know that [...]

“You don’t want to take rights away from people… Every now and again you feel those rights are being abused and you say, ‘Do we take rights away or do we just put up with the abuse?’  My response to it varies day to day.” That’s the Australian Financial Review (AFR) quoting Australian Tax Office [...]

“How did we get so rich” asks today’s Australian Financial Review (AFR). We think the AFR was asking a question. Although the lack of a question mark suggests otherwise. Anyway, who are we to pick bones on someone else’s grammar? We couldn’t even get our headline right the other day. The story on page 32 [...]

Before I get stuck in to today’s Money Morning a quick note on our publishing schedule over the holidays… This week will continue as normal… as you’d expect. Next week, from 27th December until 31st December each day you’ll get something a bit different. The editors of the five subscription based newsletters we publish have [...]

More annoying banter from your editor to the ASX: “So when can we expect the ASX to make an announcement on this? “I’m sorry, but this is a no-brainer. As I say, the ASX’s own website states: Timely disclosure must be made of information which may affect security values or influence investment decisions, and information [...]

The Secret Bank Loans saga continues. Your editor has lodged a Freedom of Information (FoI) request with the Reserve Bank of Australia (RBA). From what we’ve been told, the RBA has thirty days to process our request. In a nutshell we asked for all internal and external communications from and to the RBA about National [...]

You’ll recall on Friday your editor bashed out emails to the Reserve Bank of Australia (RBA), the Australian Prudential Regulation Authority (APRA), and the Australian Securities Exchange (ASX). We wanted to know when they knew about National Australia Bank [ASX: NAB] and Westpac [ASX: WBC] taking emergency loans from the US Federal Reserve. After all, [...]