Dear PGM Capital Blog readers, Today February 22nd 2012, the Bank of England published the minutes of their February 8 & 9 2012, Monetary Policy Meeting, which shows that members had considered increasing its quantitative easing programme by more than the 50 billion British Pound cash injection made earlier this month. Policymakers voted by seven to two[…]
Dear PGM Capital Blog readers In accordance with the USA Debt Clock http://www.usdebtclock.org/ the USA has today, February 3rd 2012, a National Debt of approx. 15.3 Trillion USD. Based on its estimated nominal GDP of approx. 14.5 Trillion USD for 2011, the USA currently has a Debt to GDP ratio of over 100%. On top of this the USA has a budgetary deficit of approximately 10% and[…]
Dear PGM Capital Blog readers, Brazil’s biggest private oil company, OGX Petroleo e Gas Participacoes SA (OTCBB: OGXPY; ISIN: US6708491088) says in a statement it began producing the oil Tuesday at the OGX-26HP well in the Campos Basin’s Waimea field off the coast of Rio de Janeiro The first barrel of OGX oil was extracted from the Waimea accumulation,[…]
Dear PGM Capital Blog readers, Last Friday, January 13th, credit rating agency Standard & Poor, downgraded 7 European countries for which France & Austria lost their AAA credit rating. Moody’s also downgraded the US State of Illinois to A2, the lowest rating of any USA state. We believe that within 6 – 18 months the United Kingdom will[…]
Dear PGM Capital Blog readers, we believe that the year 2011 that came to an end approx. 10 days ago will go into history as the year of the big lie, a year in which you were led to believe that the safest asset on earth is the US-Treasury Bond. The media lying to investors is nothing new. If we go back 12 years we see[…]
Dear PGM Capital Blog readers, first of all we want to wish you a Happy Holiday and a very prosperous 2012. I think that most of you are happy that the year 2011, which will go into history as one of the most volatile and non-realistic markets dominated by fear, has come to an end.[…]
Dear PGM-Capital, blog reader, Brazilian Iron Ore miner, “Vale SA” (NYSE: VALE) which is by volume world biggest Iron ore miner, in 2008 concluded that in order for it maximize profit, it need to own and operate its own fleet of “Very Large Ore Carriers” (VLOC). Due to this In 2008 the company, placed orders[…]
Dear PGM CAPITAL Blog reader, This morning, Wednesday November 9, 2011, Vancouver Canada based, First Majestic Silver Corporation, (NYSE: AG), (TSX: FR), (ISIN: CA32076V1031) reported its Q3-2011 earnings report for which you receive here below the highlights. Highlights: Cash Flow per share (non-IFRS) of CAD 0.38 representing a 122% increase from Q3 2010 Earnings per[…]
Dear PGM CAPITAL Blog readers, Today, November 4th 2011, Vancouver Canada based, New Gold Inc, (TSX: NGD), (ISIN:CA6445351068) reported its Q3-2011 Financial Results. Highlights: Quarterly gold sales increased to 93,028 ounces from 89,692 ounces in the same period in 2010. Net cash generated from operations increased by 105% to CAD 71 million CAD 433 million[…]
Dear PGM CAPITAL Blog readers, We are living in exceptional times and are now experiencing the fall of the once so mighty Western Nations (United States of America, Europe & Japan). Previously the shift of Economic Power caused a big war or was the consequence of big war. Nothing has changed. Currently the fall of the West[…]