NEW YORK (Reuters) – U.S. stocks rose on Wednesday with activity dominated by money managers buying recent winners, including energy and small-caps, as the quarter nears its end.
But trading volume remained weak and the S&P 500 failed to hold above 1,330, a level where selling has been clustered in the past month.
“A lot of what you’re seeing for the entire week is everybody wanting to be either in or out [...]
by Jan Paul
Oklahoma City, OKO, United States (AHN) â€“ In what is considered to be the largest Chinese purchase of U.S. energy resources, the state-run China National Offshore Oil Corporation (CNOOC) has offered to pay $1.1 billion for a one-third share of a large Texas oil field owned by Oklahoma-based Chesapeake Energy Corp.
According to both companiesâ€™ public statements, CNOOC plans to buy 33.3 percent of Chesapeakeâ€™s lease of 600,000 acres [...]
by Jan Paul
Why not just print money when we want to fight a war or stimulate or build a new dam, etc. Why would the FED and other central banks want gold and call it “monetary gold,” if it will never serve a purpose?
Something in the rationing that it is only speculators driving the price of gold is wrong. Same with oil and other assets that go up in price [...]