Weekly Reading Tuesday, January 8, 2008
Posted by croatz in capital markets, finance, stock market.Tags: hussman, pimco, stock market, stocks
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The Economist: Business This Week
PIMCO’s Bill Gross: Pyramids Crumbling
Hussman Funds John Hussman: Minding the Hinges on Pandora’s Box
MSN Money’s Jubak’s Journal: Profit from a Stupid Energy Policy
Euro Pacific Capital’s Peter Schiff: Eyes Wide Shut
Novagold Roars Back Tuesday, January 8, 2008
Posted by croatz in capital markets, finance.Tags: gold, novagold, stock market
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The gold rush is on, with the gold-tracking ETF (GLD) closing at $86.78 (each share represents 1/10th of an oz of gold) – up $20/oz today – and implying a current price of $867.80 per oz of gold held in the ETF.
Recent Development: Government upholds Environmental Permits awarded for the Nome Project – expected to reach commercial production levels in Q1 ‘08
Share Price: Closed at $11.36 up more than 86% from its December 17 low of $6.08
