Pre-Fed Ponderings

Hard asset equities took a hit yesterday, led by the energy sector. But it looks like they’re recovering this morning and if the Fed cuts rates as expected, I may be waiting for a pullback that never comes. Regardless, I’m not willing yet to move up my price ranges for valuation just yet. Despite this, [...]

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Actual Insight From A Newspaper — Imagine That!

If you don’t subscribe to the Financial Times, I’d highly recommend picking up a copy of today’s paper and flipping to pg 24. A couple of great articles — first up is a thoughtful commentary from Jerome Booth regarding emerging market debt, which dovetails nicely with a book I just finished reading, The Return of [...]

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US Stock Market ‘Sick On The Inside’

E.S Browning has a nice article this morning in the WSJ, digging into the market internals and what he finds isn’t pretty. The piece is definitely worth reading for yourself but the parts that struck me most was the point that over half the S&P 500 were trading below their 200-day MA. While that index [...]

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Asia Gone Wild — Oil and Gold Relentlessly Higher

Asia indices up 2-3% across the board on I-don’t-know-what. According to Bloomberg, investors are happy about $93/bbl oil and believe Angelo Mozilo’s thoughts that the worst of the housing mortgage crisis is over. Suckers. Look at gold sitting at a few bucks shy of $800. With oil @ $93, this should make the Fed meeting [...]

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Agnico-Eagle Q3 2007 Update

Find the dirty details at the Enlightened-American website. As always, all disclosures can be found on my portfolio page.

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Newest Addition to Enlightened-American Portfolio: Telecom New Zealand (NZT)

I will post the report for this company next week on the website (http://www.enlightened-american.com). Regulatory uncertainty is depressing the stock price but the diminutive New Zealand economy affords a moat to NZT, creating an attractive opportunity to diversify out of the US$.

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