Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Monday, October 01, 2007

Monday Is Chart Day

More investors are putting their faith in gold, as seen by the buying in the StreetTracks Gold Trust (GLD).

And you know what is looking bullish as all get-out again? Uranium!

Here are some other stories you might find interesting ...

Dollar Lifts Exporters, Blunting Housing Bust While a weaker dollar hurts consumers by raising the price of imported goods, it also is helping the economy stave off a deeper slowdown, by making U.S. exports more competitive and influencing more foreigners to visit Disney World or the Statue of Liberty.

Does Dollar Stand Chance for Bounce? Foreign-exchange traders who patiently waited for a correction in the U.S. dollar as it sank to a record low against the euro last month might have to wait a bit longer. A combination of factors will keep the dollar's back to the wall this week. Investors are likely to remain pessimistic on worries that the U.S. nonfarm job report, out Friday, will confirm that the economy is struggling. Tame inflation data released last week reinforced expectations that the Federal Reserve will again cut interest rates late this month to support the economy.

Got Gold Report - Short Term Caution Flags for Gold and Silver The Got Gold Report says that despite gold's breakout and the U.S. dollar's breakdown, indicators favor a pullback short term for gold and silver, but longer term the metals are as bullish as ever.

Recession Concern Spurs First Bond Market Rally After Fed Ease Since 1995 For the first time since 1995, the U.S. bond market is rallying on the assumption that the Federal Reserve has relegated inflation to a secondary concern because the central bank views a recession as a much greater threat to the economy.

China's Manufacturing Activity Accelerates in September, Survey Shows Manufacturing activity in China, the world's fastest-growing major economy, expanded at a quicker pace in September, according to a survey of purchasing managers

EnCana to Cut Alberta Investment by $1 Billion If Royalty Raises Imposed EnCana Corp., Canada's largest natural-gas producer, said it will cut its 2008 investment in Alberta by about C$1 billion ($1 billion) if proposed increases in oil and gas royalties are adopted in full.

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