Dear PGM-Capital, blog readers. Today, January 2nd 2013, we would like to look back at 2012, and try to do some predictions for the year 2013. The year 2012, similar to 2011, will go into history as a year during which mainly the West media did their utmost to talk down the Euro, China, and[…]
Dear PGM Capital Blog readers, This weekend, we want to talk with you about the Currency War that is currently taking place. Currency war definition: Currency War, also known as competitive devaluation, is a condition in international affairs where countries compete against each other to achieve a relatively low exchange rate for their own currency, in order to support their export.[…]
Dear PGM Capital Blog readers, On Thursday, October 18th 2012, after the bell, Souther Copper Corporation (NYSE: SCCO, ISIN US84265V1052) announced a blockbuster Q3-2012, dividend of USD 2.75 a share payable on November 21st 2012, to shareholders of record on November 8th 2012. This Q3-2012 dividend payment will be the company’s highest dividend payout ever. Source: About the[…]
Dear PGM Capital Blog readers, This weekend I would like to talk with you about investing in Silver. Silver is a metallic chemical element with the chemical symbol Ag (Latin: Argentum), Unlike gold, which is predominantly a precious metal, of which 90% of its mined output is being saved, 90% of all mined silver, on the other hand, continues to be utilized for industrial purposes: Silver is needed[…]
Today the US Job numbers dominated the market and its direction. The European markets closed solidly higher after the positive jobs report, but most commodities were beaten down all day. The US markets opened high in the beginning but closed near zero or negative in the end, because some index heavyweights pulled the index down.[…]
Dear PGM-Capital Blog readers, ECB and FED Chairmen have spoken and they both declared to do whatever it takes (read to buy an unlimited amount of bonds) to respectively save the Euro and to safeguard the USA from going into Recession/Depression. Ladies & Gentlemen, Look how far our moral and values have fallen! The Economy of the West is in such an alarming stage that it can only survive and not[…]
Dear PGM Capital Blog readers Today, September 2nd 2012, the USA Debt has reached an all time high of USD 16 Trillion as can be seen from the image here above. With a population of approx 313,428,000 people it means that the USA National debt is approx. USD 51,047 per citizen. With a GDP per Capita of apprrox USD 48,200.00,[…]
Dear PGM Capital Blog readers, Belize, a Central American nation, today announced that they will miss a coupon payment on about US$544 million of bonds and is unlikely to pay creditors during a 30-day grace period that starts today: The Central American nation, which owes investors about US$23 million today, can’t make the payment, Waight[…]
Dear PGM-Capital Blog readers, Yesterday, July 24th 2012, based by fear, investors fled into US-Treasuries with the consequence that the yield of the 10-year note depreciated to a 50- year low of 1.39% as can be seen from below charts. Subsequently the USD Index rose to a two year high of 84.1. Buying 10 year US-Treasuries at yield of 1.47% is more or[…]
Dear PGM-Capital Blog readers, Today July 23rd 2012, China CNOOC Ltd (NYSE: CEO, HKSE: 0883.HK) anounced that it has entered into a definitive agreement to acquire all the outstanding common shares of Canadian Oil & Gas Company NEXEN Inc (NYSE: NXY, TSX: NXY), for US$27.50 per share in cash. The purchase price, which totals approx US$ 15.1 billion, represents[…]