A new nuclear power plant has just been approved for the first time since 1978. After the conclusion of the Nuclear Regulatory Commission’s (NRC) hearing on Southern Nuclear Operating Company’s (SNC) application for two Combined Licenses (COL) at the Vogtle site in Georgia, the NRC ruled that the staff’s
As we have been describing, gold and silver lately have run up on good news and run down on bad news. This morning gold ran up on the good news that Greek agreement had been reached. When the news crossed the wires that Troika had concerns about the agreement, which
The breaking news is that the Japanese Ministry of Economy is planning to cut dysprosium demand by over 30%. Dysprosium is a rare earth element. This is a negative for Rare Element Resources Ltd. (REE) as it reduces demand. Rare Element is a miner of rare earths. Rare earths is
Gold (GLD) is running up on the good news that Greek deal is done. Adding a 5% tranche to GLD at $170.05.
Consider another add to GLD right here at $169.85. Those not in GLD may initiate a very small position here. Significantly more information is provided in Real Time to paying subscribers of The Arora Report.
Adding a 5% tranche to GLD at$168.92. Fed Chairman Ben Bernanke says Fed won’t seek higher inflation to boost jobs in the Senate hearing. This is consistent with last Fed statement after the FOMC meeting. Of course, this statement will not change the behavior of mom and pop
The U.S. Department of Labor just reported employment numbers for January. This number is known as ‘œmother of all numbers.’ January nonfarm private payrolls increased by 257,000 vs. 168,000 consensus. There are several components to this number, but our models focus on nonfarm private payrolls. The number was a blowout
We often trade gold ETF GLD and silver ETF SLV. These ETFs are not available in some international markets. However, different gold and silver ETFs are available in most markets. Please consider ETFs that trade in your market with the following two characteristics: the highest volume ETF and the smallest
MRO has been a long term position. Our reason for buying was that considerable value could be unlocked if MRO went to spin off its refining operations. Well, it worked out just the way we predicted. MRO spun off its refining operations. The new refiner has been trading under the symbol MPC.
The U.S. Department of Labor just reported employment numbers for January. This number is known as ‘Mother of all numbers’. January non-farm private payrolls increased by 257k vs 168k consensus. There are several components to this number, but our models focus on non-farm private payrolls. The number was a blow