Money Reporter, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846What to do about common stocks We experienced a nice little year-end rally in Canadian stocks. Over the past four weeks, ending with January 3, 2014, the S&P/TSX Composite Index rose 3.22%, its biggest four-week gain since early November. Over the same period this past month our list of Recommended Co...Read More
Obamacare At 'Significant' Risk of 'Death Spiral,' Economist Warns … Economist John Goodman, who warned last October that Obamacare could plunge into a "death spiral" if not enough young, healthy people signed up for coverage, says that danger is now "significant" following news that the Obama administration failed to hit its young adult enrollment target....Read More
Ex-DEA agent jumps jobs to join marijuana investment firm … In a decade with the Drug Enforcement Administration, Patrick Moen rose to supervise a team of agents busting methamphetamine and heroin rings in Oregon – before giving it all up to join the nascent legal marijuana industry in nearby Washington state. In November, the former federal drug agent quit his post to work for a marij...Read More
Obamacare At 'Significant' Risk of 'Death Spiral,' Economist Warns … Economist John Goodman, who warned last October that Obamacare could plunge into a "death spiral" if not enough young, healthy people signed up for coverage, says that danger is now "significant" following news that the Obama administration failed to hit its young adult enrollment target....Read More
Ex-DEA agent jumps jobs to join marijuana investment firm … In a decade with the Drug Enforcement Administration, Patrick Moen rose to supervise a team of agents busting methamphetamine and heroin rings in Oregon – before giving it all up to join the nascent legal marijuana industry in nearby Washington state. In November, the former federal drug agent quit his post to work for a marij...Read More
The rise of the climate change denier: New figures find 23% of Americans do not believe global warming is happening Research found 63 percent do believe in climate change 53 percent are 'somewhat' or 'very' worried about the consequences Change believed to be in response to coverage of IPCC talks – Daily Mail OnlineDominant Social Theme: Climate change is real. The majority b...Read More
Hedge Funds Raise Gold Wagers as Goldman Sees Drop: … Hedge funds raised bullish gold wagers to the highest in eight weeks as signs of stronger Chinese demand drove prices to the longest rally since August. Goldman Sachs Group Inc. says the gains will be short-lived. – BloombergDominant Social Theme: Gold … fuggetaboutit!Free-Market Analysis: In the other article in this issue we...Read More
The rise of the climate change denier: New figures find 23% of Americans do not believe global warming is happening Research found 63 percent do believe in climate change 53 percent are 'somewhat' or 'very' worried about the consequences Change believed to be in response to coverage of IPCC talks – Daily Mail OnlineDominant Social Theme: Climate change is real. The majority b...Read More
Hedge Funds Raise Gold Wagers as Goldman Sees Drop: … Hedge funds raised bullish gold wagers to the highest in eight weeks as signs of stronger Chinese demand drove prices to the longest rally since August. Goldman Sachs Group Inc. says the gains will be short-lived. – BloombergDominant Social Theme: Gold … fuggetaboutit!Free-Market Analysis: In the other article in this issue we...Read More
Madoff/subprime – spot the difference … Bernard Madoff still has some magic. The public finds anything connected to the fraudster's case fascinating, from a prison interview to JPMorgan's agreement last week to pay $2.3 billion for Madoff-related sins. And why not? Madoff was a grandmaster of the confidence trick. But there is more to it than that. His way of doing business was...Read More
David Cameron says British Press plays 'vital' role in democracy… Media are "rowdy and tenacious", says Prime Minister, but the country is "fortunate" to have reporters who stand up to politicians. The British Press is the "linchpin of democracy", Prime Minister David Cameron has said. British newspapers are "rowdy and tenacious" and often make...Read More
Madoff/subprime – spot the difference … Bernard Madoff still has some magic. The public finds anything connected to the fraudster's case fascinating, from a prison interview to JPMorgan's agreement last week to pay $2.3 billion for Madoff-related sins. And why not? Madoff was a grandmaster of the confidence trick. But there is more to it than that. His way of doing business was...Read More
David Cameron says British Press plays 'vital' role in democracy… Media are "rowdy and tenacious", says Prime Minister, but the country is "fortunate" to have reporters who stand up to politicians. The British Press is the "linchpin of democracy", Prime Minister David Cameron has said. British newspapers are "rowdy and tenacious" and often make...Read More
The Investment Reporter, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846 THE MARKET THIS MONTH: January is in the best six-month period for stocks. The strengthening U.S. and global economies are positive for company earnings and stock prices. But one risk is much higher stock prices today and the lengthening time with no 'correction' (or market setback). The need...Read More
Protesters ask authorities to ban gold mining in the Halkidiki region. Photo from archives, 2013.Canada's Eldorado Gold Corp (TSX:ELD) (NYSE:EGO) said Thursday it doesn't see its Perama Hill project in Greece to get approval before local elections scheduled for May.Delivering its 2013 results, the firm said it has reduced capital spending in the project to $25 million, it now expects to begin con...Read More
The MoneyLetter, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846- Keith RichardsAs we begin the New Year, many of us find ourselves reflecting on past decisions we've made for our portfolios - both profitable and not - and the events that led to those decisions. It's also a time to look to the future and keep an eye on emerging trends, as well as taking lessons from...Read More
Secret Trans-Pacific Partnership Agreement (TPP) … WikiLeaks released the secret draft text for the entire TPP (Trans-Pacific Partnership) Environment Chapter and the corresponding Chairs' Report. The TPP transnational legal regime would cover 12 countries initially and encompass 40 per cent of global GDP and one-third of world trade. The Environment Chapter has long been sought by journ...Read More
Democrats Plan to Pressure TV Networks Into Covering Climate Change … Senate Democrats pledging to get more aggressive on climate change will soon pressure the major TV networks to give the topic far greater attention on the Sunday talking-head shows … Sens. Bernie Sanders, I-Vt., and Brian Schatz, D-Hawaii, are gathering colleagues' signatures on a letter to the networks asserting...Read More
Secret Trans-Pacific Partnership Agreement (TPP) … WikiLeaks released the secret draft text for the entire TPP (Trans-Pacific Partnership) Environment Chapter and the corresponding Chairs' Report. The TPP transnational legal regime would cover 12 countries initially and encompass 40 per cent of global GDP and one-third of world trade. The Environment Chapter has long been sought by journ...Read More
Democrats Plan to Pressure TV Networks Into Covering Climate Change … Senate Democrats pledging to get more aggressive on climate change will soon pressure the major TV networks to give the topic far greater attention on the Sunday talking-head shows … Sens. Bernie Sanders, I-Vt., and Brian Schatz, D-Hawaii, are gathering colleagues' signatures on a letter to the networks asserting...Read More