Hot Penny Stocks

In response to a query by the Australian Stock Exchange in relation to the change in price of Cerro Resources NL, the Company responded as follows:
The Company is not aware of any information concerning it that has not been announced which, if known, …

Your editor made a big call last week by claiming the Australian housing bubble had already popped. Some thought our claim was reckless. Others thought we were grossly misinformed. But based on everything we’ve seen since (and before), our bet is we’re right on the money. The Australian housing market has started on a death [...]

…Or should that be Last Decade? This morning’s decision by the US Federal Reserve’s Federal Open Market Committee (FOMC) is the final act in American global economic dominance. If the US economy wasn’t already terminally ill, then this morning’s news from the FOMC has pushed it into terminal illness. But before I get onto that, [...]

Strap yourself in reader. Today’s episode is a long one… Ah, we love the quote from ANZ Bank [ASX: ANZ] chief Mike Smith in today’s Australian Financial Review (AFR): “It would appear he’s [Shadow Treasurer, Joe Hockey] been taking economics lessons from Hugo Chavez and I don’t really see there’s much future in Australia for [...]

Still no word back from the Reserve Bank of Australia (RBA) explaining why the Three Cobbers – Corbett, Kraehe and McKibbin were unable to attend one of only eleven meetings the RBA holds each year. We’ll pester the RBA again later today. But until we get a reply, we thought we’d print an attendance record. [...]

Yesterday’s Money Morning seems to have kicked up a stink. So in a moment I’ll print some of the, erm, “feedback” we received.
But before you get to that, this…
The Super Theft rolls on. A $10 billion Super Theft no less.
The front page of today’s Australian Financial Review (AFR) announces: “Labor to reap $10bn in lost [...]

The bureaucratic propaganda machine has really ramped up this week. Page 7 of today’s Australian Financial Review (AFR) headlines:
“Super profit tax calls industry’s bluff”
And on the front page the AFR leads with:
“Henry ramps up pressure on miners”
With the subheading, “Claims tax will boost growth.”
To back up the arguments the AFR reproduced a chart and [...]

There comes a time when investors just need to let go.
Some things are just not meant to be.
Yet even so, the fascination with and the desire for some investors to buy Telstra [ASX: TLS] shares is unwavering.
Personally we don’t get it. If Telstra was the only share listed on the Australian Stock Exchange, we [...]

[Note: Kris is in Australian Wealth Gameplan mode this morning. So today's effort is brought to you by Diggers & Drillers editor Alex Cowie...]
Platinum has the makings of being the commodity story of 2010. Right now, the stars are aligned for this super rare metal, and this year I expect it will even outperform [...]

Well reader, as we approach 2010 one thing seems pretty clear, it won’t be much different from 2009.
2009 was a year of wild market movements. It was a year of nonsense winning out over common sense. And it was a year of old mistakes being dressed up as new solutions – only for the disguise [...]