Streetwise Articles
Kenya's Gold Rush Sparks New Demand for Bank Loans
Source: All Africa, Moses Michira (3/31/11)
"The Central Bank of Kenya's 'mining and quarrying' sector recorded the highest growth of new loan accounts in recent months as explorers flock to the mineral-rich region."
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Explosion Unlikely, Says Japan
Source: The Hindu (3/31/11)
"Japan and the IAEA share the assessment that 'there is no likelihood of reactor explosion' at the Fukushima Dai-Ichi nuclear plant."
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The Swiss Franc or Euro: Good as Gold?
Source: Adrian Ash, BullionVault (3/31/11)
"Seems you can't keep a safe haven down. . ."
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South Africa Delays Return of Mineral Prospecting
Source: Bloomberg, Carli Lourens (3/31/11)
"A new online computer system meant to eradicate mismanagement in the mining industry is not yet ready. This is the second delay in the PGM-rich nation."
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Oil Prices Jump Above $106
Source: CNN Money, Ben Rooney (3/31/11)
"USD weakness, turmoil in the Middle East continued to stoke supply concerns. The different approaches to monetary policy could set the stage for a period of prolonged dollar weakness, traders said"
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Mickey Fulp: Long-Term Uranium Demand Will Continue
Source: Karen Roche of The Energy Report (3/31/11)
The peripatetic Mercenary Geologist Mickey Fulp explains that even if all under-construction and planned nuclear facilities are suspended, not enough uranium is being mined currently to supply ongoing demand. In this exclusive interview with The Energy Report, Mickey reveals a number of companies poised to benefit from this long-term fundamental upside.
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Turkey Gold Beats Banks as Erdogan Fights Inflation Worries
Source: Bloomberg, Steve Bryant and Ilan Kolet (3/31/11)
"For every Turk who saved in a deposit account last year, three opted for gold or cash, putting nation's banks at risk."
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Philippine Miners Worried by Provincial Bans
Source: Reuters (3/31/11)
"The threat of hefty compensation claims prompts government deliberation. 'Not one mineralized country has ever put a stop on its mining industry,' asserts mining CEO."
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Greenpeace Asks Facebook to Unfriend Coal
Source: Web Pro News, Mike Sachoff (3/31/11)
"Greenpeace is asking Facebook to develop a plan by 2021 to be entirely coal-free. Telecommunication networks will consume about 1,963 billion kilowatts hours of electricity in 2020."
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RCR Research on the Uranium Sector
Source: Fortbridge (3/31/11)
"Uranium market to be buoyed by solid fundamentals mid to long term. Any impact from Japan on the contract price is expected to be temporary"
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Obama's Plan: Reduce U.S. Oil Imports by One-Third
Source: Los Angeles Times, Neela Banerjee (3/31/11)
"Obama pledges to accelerate domestic oil and gas production on millions of acres. The president asserted that all forms of power generation must remain under consideration, including nuclear power."
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India's Gold Demand Set to Break Records
Source: Kitco, Allen Sykora (3/31/11)
"The immensely diverse, rapidly growing nation faces social and demographic challenges in its gold market."
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Silver ETF a Good Buy at These Levels?
Source: ETF Daily News, Thomas Carreno (3/31/11)
"The SLV has already made a huge move since early February 2011. That was the 'easy buy.'"
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Mexico's January Mining Production up 17% on Year
Source: Dow Jones, Laurence Iliff (3/31/11)
"Top metals like copper, gold and silver lead the charge with double-digit rises."
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No End in Sight to Rare Earth Dearth
Source: Mining Weekly, Liezel Hill (3/31/11)
"China might halt rare earth exports altogether."
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Stocks, Commodities About to Start Another Rally?
Source: Chris Vermeulen, TheGoldAndOilGuy (3/31/11)
"My bias still favors higher prices, but we may get another dip in coming weeks."
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All That Glitters Is Silver
Source: Brian Sylvester of The Gold Report (3/30/11)
With industrial demand almost exclusively driving the price of silver for years, investing in the white metal used to be simpler. Now investment demand is competing with practical demand to push silver prices ever higher. Investor interest in silver from large U.S. funds could result in as many as 60 new silver plays entering the market this year. These are heady days for silver with a lot of upside in the cards—if played right. Find out how in this Gold Report exclusive.
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Another Bubble That Breaks the World?
Source: Clif Droke (3/30/11)
"Rising oil prices of 80% have always been followed by recession.No matter which way Mr. Bernanke turns, it seems he's confronted with some rather ugly scenarios. Another potentially 'world breaking' oil price bubble should be the chief of his worries."
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America's Next Top Energy Innovator
Source: Buildings (3/30/11)
"Challenge for U.S. to win global race for clean energy jobs of the future. Energy Secretary Chu calls for U.S. entrepreneurs to create new businesses based on discoveries made by national laboratories."
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Energy Crisis May Be Thwarted by 'Artificial Leaf'
Source: ThirdAge, Adam Smit (3/30/11)
"Leaf splits water molecules into individual hydrogen and oxygen atoms, channeling the hydrogen into a fuel cell, which would generate electricity. Inventor's company aims to make each home its own power station."
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Few Substitutes for Rare Earths
Source: Rare Earth Investing News, Damon van der Linde (3/30/11)
"By the time we have REE substitutes in place, there may be an oversupply."
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U.S. Clean Energy Effort Lags
Source: Portfolio, Kent Hoover (3/30/11)
"As China and Germany surge ahead in the race for clean energy investment, the U.S. may be risking 'a gigantic economic opportunity.' Meanwhile, CEOs call for supportive U.S. policies."
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Produce Price Spike Boosts Potash
Source: Potash Investing News, Leia Michele Toovey (3/30/11)
"Market conditions almost match potash's record year of 2008, when prices touched $1,000 a ton."
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Check Out the Dip in Palladium
Source: Resource Investor, Mad Hedge Fund Trader (3/30/11)
"Pile back into palladium and platinum before other metals."
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High Oil Prices Good for Texas Budget
Source: Associated Press, April Castro (3/30/11)
"State's Rainy Day Fund set to get bigger. A lot bigger."
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