Hot Penny Stocks

Your editor is working from home in Frankston today. We’re trying to concentrate our mind on the September issue of Australian Small-Cap Investigator.
We think we’ve just about recovered from the jet lag after our 25 hour journey from Boston to Melbourne. But at least it wasn’t as bad as the 50 hour journey [...]

Your editor is back on-board. But only for the time being.
Because for today and the next few days we’re racing against the calendar to write, edit and publish the September issue of Australian Small-Cap Investigator.
And seeing as my colleagues, Slipstream Trader Murray Dawes and Diggers & Drillers editor, Dr. Alex Cowie have done such [...]

If you’re going to be invested in a single metal this decade, my advice is to back copper. Specifically – companies that are sitting on long-life, high-quality copper resources.
He dropped out of the spot light for a while there, but ‘Doctor Copper’ is making some big moves again. The copper price fell nearly 25% earlier [...]

The race to debase only looks set to raise gold’s global appeal still further…
GOLD is suddenly all about the Dollar again. Or so you might think.
After its longest run of moving in tandem with the trade-weighted Dollar Index since midsummer 1991 (45 trading days; average correlation +0.58), the gold price in Dollars resumed its commonly-assumed [...]

“We publish ideas that are on the fringe. But they’re ideas that are moving towards the mainstream. When they get there we sell. There’s no point pursuing an idea if it stays at the fringe.”
Those are the paraphrased words of our colleague and Daily Reckoning commentator Bill Bonner.
Bill was the opening speaker [...]

Before I get on to today’s Money Morning just a quick note to let you know that you may not hear much from us over the next couple of weeks.
But don’t worry, you won’t be left completely in the lurch. In our place will be either Slipstream Trader Murray Dawes, or Diggers & Drillers [...]

Oh thank goodness for political stability now that Indecision 2010 has been resolved:
“Swan firm on mining tax… Independents, Greens want change” – Australian Financial Review
“The first cracks have appeared in the Gillard government’s alliance with the crossbench MP’s, with the Greens signalling they may side with the Coalition on some issues…” – The Age

So yet [...]

We won’t deny it. It’s always pleasing to see the Macquarie Group [ASX: MQG] share price take a hammering.
Yesterday the stock hit the skids following news that the company expected profit for the current half to be 25% lower than the same time last year:

Share price slump

Source: CMC Markets

The shares closed at $35.25, and [...]

Since gold stopped being money, it’s become 75% more valuable on average…
SO GOLD is now at “fair value” says Bill Bonner, long-time gold bug and my former boss/partner-in-crime at The Daily Reckoning’s London HQ.
No, he won’t sell yet…if ever…says Bill. But gold’s huge under-pricing a decade ago has clearly passed by. Value-hungry investors got their [...]

Yesterday, RBA Assistant Governor Guy Debelle spoke at the “Risk Australia Conference” in Sydney.
The one-day conference, which would have cost those interested, up to USD$2,800 to attend, was held at the plush surroundings of the Hilton Hotel in Sydney.
Among the sponsors of the “Risk Australia” conference was Credit Suisse. Credit Suisse, of course, is [...]