Fed Action Gets Unexpected Endorsement from India

Source: The New York Times, Vikas Bajaj (11/8/10)

"Support could help deflect criticism of U.S. economic policies at the G-20 summit."

When the Federal Reserve announced last week that it would buy $600 billion in U.S. Treasury bonds to help the economy, it quickly came under attack from German, Brazilian and Chinese officials, who said the United States was trying to depreciate the dollar.

On Monday, the plans earned a hearty endorsement from President Barack Obama in his first public comment on the Fed action, and support also came from an unexpected source—India.

Looking ahead to the Group of 20 meeting, Mr. Obama made the comments at a joint news conference here with Prime Minister Manmohan Singh, who backed the Federal Reserve's position.

Mr. Singh, an economist by training, offered a rare foreign endorsement of the Fed's plan to buy $600 billion in Treasury bonds, which has mostly attracted criticism from other countries. His support could help the United States deflect criticism of Washington's economic policies at the G-20 summit meeting in Seoul this week.

"A strong, robust, fast-growing United States is in the interests of the world," Mr. Singh said. "And therefore anything that would stimulate the underlying growth and policies of entrepreneurship in the United States would help the cause of global prosperity."

The two leaders' comments came on the third day of a 10-day Asia trip for Mr. Obama—a journey being characterized as an economic mission.

At the G-20 meeting, Obama intends to press other countries to embrace a nonbinding target to limit their current account surpluses and deficits to no more than 4%. The administration also is expected to press the International Monetary Fund to take a greater role in monitoring trade patterns and intervening on exchange-rate disputes.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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