Archive for October, 2009

Colfax reports preliminary 2009 Q3 Earnings on November 3, 2009

October 29th, 2009 Comments off

One stock this blog watches closely is Colfax Corp. (NYSE: CFX) !

The company will  report its 2009 Q3 preliminary Earnings on November 3, 2009.

Those results are preliminary because they “exclude the impact of the favorable ruling for Colfax’s Warren Pumps subsidiary issued by the Delaware Court of Chancery on October 14, 2009 relating to asbestos-related insurance coverage.”

“The Company is currently evaluating the impact of this ruling on its financial statements and expects to record a gain in the third quarter resulting from the ruling.”

We will publish our thoughts about this earnings release and listen to the conference call.

….stay tuned!

Categories: Stocks / Aktien Tags:

Is this still an early stage of the gold bull market?

October 22nd, 2009 Comments off

Gold prices that jumped above $1,000 an ounce this week are signaling that investors are buying metals to hedge against declines in currencies, former Federal Reserve Chairman Alan Greenspan said on Sept. 9 at an investment conference in New York.

The gains are “strictly a monetary phenomenon.” Rising prices of precious metals and other commodities are “an indication of a very early stage of an endeavor to move away from paper currencies,” he said.

And he continued: “What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment.”

Can we still have confidence in Alan Greenspan today?

After all it was his low interest policy as Fed Chairman that contributed to the liquidity bubble and the debt crisis which brought our financial system and the world economy near the collapse.

But it is a fact:

About 30 years ago gold reached its highest price at $ 873/oz.

Inflation adjusted this would translate into $ 2247/oz. today.

So at $ 1058/oz. we are still far away from this „historic all time high”!

And don’t forget:

Since Oct. 1st the gold price never felt below the $ 1000 threshold.

We already get used to it, don’t we?

I think this could very well lay the foundations for an extended rally …. with all the volatility which is inherent to precious metal markets.

And the strategic moves of some market participants mentioned in my previous posts only continue to strengthen the upward tendency!

Categories: Commodities / Rohwaren Tags:

Economist John Gault about “Energy Independence”

October 15th, 2009 Comments off

Our guest author John Gault this summer published an article about the idea of 

“Energy Independence” promoted by every American President from Richard Nixon to Barack Obama.

You can now read this interesting article on our in-depth analysis web site!


Categories: Commodities / Rohwaren Tags:

Will Silver perform better than Gold?

October 9th, 2009 Comments off

A lot of market participants are bullish for gold these days.

But what about gold’s „little sister” silver?

Mother Earth contains about 15 times as much silver than gold and the historical prices for gold and silver reflected this ratio most of the time.

And how are prices today?

One oz. of gold this Friday morning stands at $ 1045, but one oz. of silver only costs $ 17.75

(watch for precious metal quotes on “” )

So today you can buy 59 oz. of silver for the price of one oz. of gold!

This is an enormous disconnect from the historical price ratio!

What do you think?

Will this gap close?  Does this mean the beginning of a huge silver rally?