Hot Penny Stocks

“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 [...]

The S&P/ASX200 added a tiny 6 points, finishing to 4,778.40. The Dow Jones Industrial Average was higher by 26 points, ending the day at 11,559.49. Revised third quarter gross domestic product (GDP) data released overnight in the U.S. shows the economy grew 2.6%, up from 2.5%. The figure has disappointed many economists, as unless America [...]

The S&P/ASX200 finished at 4,771.90, up by 35 points. The Dow Jones Industrial Average added 55 points last night, closing at 11,533.16. Only 6.26 billion shares were traded in the U.S. overnight in the lead up to the holiday period. For the first time since June 2008, the FTSE ended the day above 5,950. The [...]

I’ve always had a soft spot for silver. It’s the people’s precious metal. It’s gold’s cheeky cousin. If gold’s fine dining, then silver is a lazy Sunday roast with your family. And something amazing has started in the silver market. The silver price took nine long months to crawl from $18 to $20. It then [...]

The S&P/ASX200 was lower by 26 points to 4,736.60. The Dow Jones Industrial Average backed off slightly, closing at 11,478.13, down by 13 points. The FTSE added 19 points, to finish at 11,478.13. The cold weather kept energy and commodity related stocks helped the Footsie stay in the black. But the biggest loser for the [...]

You might be surprised to know that since 2006 copper, in notional value terms, is the second most heavily traded futures contract on the Shanghai Futures Exchange (SHFE). You’d think copper, being such an important part of the Chinese economy moving forward, would be number one. But it’s not. Believe it or not, natural rubber [...]

The S&P/ASX200 was up by barely one point, or 0.90 to finish the day at 4,767.80. The U.S. market was dragged lower after Moody’s rating agency said it may cut Spain’s credit rating again because of the banking problems, over spending government and high debt refinancing needs. The Dow Jones Industrial Average ended the day [...]

The S&P/ASX200 was higher by 9 points to 4,766.90. It’s expected to be another flat trading day for the Australian market. After the Federal Open Market Committee meeting, the Fed confirmed that it will continue with its US$600 billion bond buying program. The Fed feels that the economic recovery is still slow to reduce unemployment. [...]

The S&P/ASX200 ended the day higher by 11 points to 4,757.10. The People’s Bank of China (PBOC) decided not to raise interest rates last night, instead sticking with raising the reserve requirements for banks. Volume traded was lighter than normal volume, but the Dow Jones Industrial Average still gained 18 points to close at 11,428.36. [...]