Dear PGM Capital, Blog readers, Today, July 26 2011, Gold closed on a new all time high of US$ 1,619.90 an oz, while the DOW was down and closed at 12,501.30. The latter is the value of the DOW measured in USD, in paper money. However when we measure the value of the DOW in[…]
Dear PGM Capital, blog readers, Today, Monday July 25th 2011The Swiss franc hit record highs against the US-Dollar and Euro as the safe-haven currency continued to benefit from economic uncertainties. At 11:25 EST the euro slumped to an all-time low of 1.1582 Swiss francs (-1.481%), while the US-Dollar weakened to 0,8059 Swiss francs (-1.553%). From below[…]
Dear PGM Capital, blog reader, today, Thursday, July 21st 2011, Freeport-McMoran Copper & Gold Inc (NYSE: FCX) reported its Q2-2011 results. Highlights Q2-2011 Results: Net income for Q2-2011, was USD 1.4 billion or US$ 1.43 per share, compared with USD 649 million or US$ 0.70 per share in Q2-2010 Revenue increased 50.5 percent to $5.81 billion[…]
Dear PGM Capital blog reader, On Tuesday, July 19th 2011, Peabody Energy (NYSE: BTU) reported its second quarter 2011 results. Highlights: EBITDA of $579.5 million, a 32 percent increase from the prior year. Revenues climbed 21 percent to $2.01 billion. Income from continuing operations increased 36 percent to $293.0 million, with diluted earnings per share from continuing operations[…]
Dear PGM Capital Blog readers, today Gold our preferred investment vehicle, for the current age of turbulence, hyperinflation and shake-out of the West (USA , EU & Japan) closed a record high of USD 1602.10 an oz. as can be seen from from below chart. As can be seen from above chart Gold has appreciated in the[…]
Dear PGM CAPITAL Blog readers, today, July 15th 2011, BHP Billiton Ltd, world biggest and most diversified mining corporation [ASX: BHP, NYSE: BHP, LSE: BLT, JSE: BIL] and Petrohawk Energy Corporation (“Petrohawk”) [NYSE: HK] announced they have entered into a definitive agreement for BHP Billiton to acquire Petrohawk for US$38.75 per share by means of[…]
Dear PGM CAPITAL Blog readers, In over night trading Gold hit a new all time High of almost US$ 1,580.00 an oz, after closing on an all time high yesterday, July 12th 2011 of US$ 1,565.00 an oz as can be seen from below chart. Most of you are asking yourselves, what is the reason[…]
Dear PGM CAPITAL Blog readers, Today, Monday July 11th 2011, Peabody Energy (NYSE: BTU) and ArcelorMittal SA (NYSE: MT) confirmed that they have jointly submitted an indicative proposal to the board of directors of Macarthur Coal Ltd. (ASX: MCC) to acquire all of the shares of the company. Highlights: Under the proposal by a newly formed[…]
Dear PGM CAPITAL blog readers, Yesterday, Thursday July 7th 2011, BP Prudhoe Bay Royalty Trust (NYSE: BPT) announces that the dividend information for the Second Quarter of 2011 is as follows: Ex-Dividend Date: July 14, 2011 Record Date: July 18, 2011 Payable Date: July 20, 2011 Dividend Rate: $ 2.6423941 per Unit Note: Actual[…]
Dear PGM CAPITAL blog reader, on Wednesday, July 6th 2011, the Central of China, announced that it will increase interest rates, for the third time this year, by 25 basis points. The new rates take effect on Thursday July 7th 2011. The rate paid on one-year deposits will rise to 3.5 percent and the rate for[…]