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

Wednesday, May 28, 2008

Money and Markets -- Silver and More

My latest column is up.
Special Dispatch from Mexico: Silver Vein Discovered!
by Sean Brodrick Wednesday, May 28, 2008 7:30 AM

Greetings from Mexico! I'm traveling this mineral-rich country in search of conquistador silver. Yes, mines that the Spanish discovered and worked in the New World are still being worked today ... [More...]

XX -- Sean's comment: While I'm happy with the story and the editing, the title is weird.

More news you can use ...

Crude Oil Is Little Changed as Morgan Stanley Says Brent May Reach $150 Crude oil was little changed after Morgan Stanley said that Brent oil from the North Sea could ``easily'' reach $150 a barrel.

XX Sean's comment -- way to go out there on a limb, Morgan Stanley. Ha!

Gold futures fall below $900 as dollar firms
Gold futures slid for a second day on Wednesday, pushing prices below $900 an ounce as a less-than-expected decline in new orders for U.S.-made durable goods helped provide support for the U.S. dollar.

Durable-Goods Orders Ex-Transportation Unexpectedly Jumped 2.5% in April Orders for U.S. durable goods excluding cars and planes unexpectedly rose in April, signaling that international customers are helping factories ride out the economic slowdown.

Wheat Falls as Condition of U.S. Crop Improves, Easing Concern for Supply Wheat fell for the first time in three sessions after a government report showed the condition of the U.S. winter-wheat crop, which growers are harvesting now, improved last week.

XTO Agrees to Buy Bakken Shale Assets for $1.85 Billion From Headington XTO Energy Inc., the oil and natural- gas producer that has spent more than $2 billion on acquisitions this year, agreed to buy properties in the Bakken Shale in Montana and North Dakota from closely held Headington Oil Co. for $1.85 billion.

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