According to various newswire reports, Venezuelan President Hugo Chavez plans to nationalize his country’s gold mining industry and repatriate 211 tons in gold reserves from North American and European banks.
"In many places water is taken for granted, but that is changing now, and we see a lot of countries becoming much more aware of their relationship with and dependence on water," Anders Berntell, executive director at SIWI, told CNBC's Investing Edge. He added those companies that were aware of their relationship with water and how it affected their businesses were likely to be more successful than others in the long-term.
The White House confirmed that President Obama is preparing a “jobs proposal‟ which he intends to introduce to the public as soon as gets back from his vacation on Martha’s Vineyard (he’s waited 31 months, what’s another couple of weeks?).
Gold futures surged to a record close yesterday. Open interest in the contract for December delivery stood at 360,671 contracts as of last night and the market settled at a record $1,785 an ounce.
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching tomorrow.
Will a flattening of the yield curve on U.S. Treasurys give a boost to oil prices? In some respects, it already has.
Welcome Back, Carter. Confidence amongst consumers in the U.S. plunged in August to the lowest level since the dying days of the Carter Administration. The University of Michigan’s preliminary index of consumer sentiment dropped by nearly 9 points, or 14% to 54.9.
We are now halfway through the second phase, i.e., the dog days phase, of the summer natural gas refill-season in the U.S. As noted last month in The Schork Report, this phase of the season produces the lowest injections of the cycle as peak a/c demand siphons off molecules through July and August.
Despite a stronger dollar and weak equities, front month WTI jumped 4.53%, the highest daily gain since May 9th and, with a settle of 82.89, a definitive settle above the 80.00 barrier.