Money and Finance
- Mish Buys A Basket Of Miners
Gold Stock Comments NEM - Newmont Mining: My best value play and weighted accordingly. Price/book is a mere 1.19 and I have no reason to believe book value is overstated. Trailing PE is 10.04 and the dividend yield is 4.10%. What's not to like?...
- Is Australia’s Luck About To Run Out? - By Merryn Somerset Webb
Despite a decade-long resources boom, Australia has been running a current account deficit; it has one of the few credit and housing bubbles in the world still left to pop properly; and on top of that, a banking system that analysts refer to as “capital...
- Gran Colombia Gold Corp. (tsx:gcm)
For those that may be interested in a more speculative gold play (traded in Canada and on the Pink Sheets under the symbol TPRFF), below is an excerpt from Chris Mayer’s book, World Right Side Up. The book was published in early 2012, so I’m not sure...
- Pass The Books. Hold The Oil.
Thanks to Andrew for passing this along. EVERY so often someone asks me: “What’s your favorite country, other than your own?” I’ve always had the same answer: Taiwan. “Taiwan? Why Taiwan?” people ask. Very simple: Because Taiwan is a barren...
- Niall Ferguson On Charlie Rose
I found the Charlie Rose interview with Niall Ferguson pretty interesting (VIDEO 11/3/2009). In it, Ferguson says that he thinks Mr. Buffett is making a mistake buying Burlington Northern. The statement "This is a moment in history when the things that...
Money and Finance
Australia’s Mining Bonanza Is Over, Resources Minister Says
Found via Naked Capitalism.
Australian Resources Minister Martin Ferguson said the nation’s mining boom has ended as BHP Billiton Ltd. (BHP) delayed approval of its Olympic Dam expansion that Deutsche Bank AG estimated at A$33 billion ($34.7 billion).
“You’ve got to understand, the resources boom is over,” Ferguson told Australian Broadcasting Corp. radio today. “It has got tougher in the last six to 12 months.”
Australia’s economy has been powered by the biggest resource bonanza since a gold rush in the 1850s as Chinese-led demand for iron ore, coal and natural gas brought investment projects the government estimated to be worth A$500 billion. BHP, the world’s biggest mining company, said yesterday it doesn’t expect to approve any spending on major projects this fiscal year as metal prices decline amid sluggish global growth.
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Related link: Australians be worried: someone is calling your country a miracle! (Dylan Grice – April 2012)
- Mish Buys A Basket Of Miners
Gold Stock Comments NEM - Newmont Mining: My best value play and weighted accordingly. Price/book is a mere 1.19 and I have no reason to believe book value is overstated. Trailing PE is 10.04 and the dividend yield is 4.10%. What's not to like?...
- Is Australia’s Luck About To Run Out? - By Merryn Somerset Webb
Despite a decade-long resources boom, Australia has been running a current account deficit; it has one of the few credit and housing bubbles in the world still left to pop properly; and on top of that, a banking system that analysts refer to as “capital...
- Gran Colombia Gold Corp. (tsx:gcm)
For those that may be interested in a more speculative gold play (traded in Canada and on the Pink Sheets under the symbol TPRFF), below is an excerpt from Chris Mayer’s book, World Right Side Up. The book was published in early 2012, so I’m not sure...
- Pass The Books. Hold The Oil.
Thanks to Andrew for passing this along. EVERY so often someone asks me: “What’s your favorite country, other than your own?” I’ve always had the same answer: Taiwan. “Taiwan? Why Taiwan?” people ask. Very simple: Because Taiwan is a barren...
- Niall Ferguson On Charlie Rose
I found the Charlie Rose interview with Niall Ferguson pretty interesting (VIDEO 11/3/2009). In it, Ferguson says that he thinks Mr. Buffett is making a mistake buying Burlington Northern. The statement "This is a moment in history when the things that...