The numbers don't lie—but politicians and industry bigwigs do. While pundits still wax poetic about an era of American energy independence, Bill Powers sees productivity plummeting in almost every major shale play.
Energy pundits sing natural gas' praises, but Bill Powers, author of "Cold, Hungry and in the Dark: Exploding the Natural Gas Supply Myth," isn't buying it. He sees serious flaws in how reserves are reported.
In a volatile, high-risk, volatile world prudence calls for managing against a range of risks by looking at how assets inter-relate, rather than searching for the one or two assets that might perform best in a more certain and low-risk world.
The US dollar is fundamentally weaker than it appears to be based on the USDX. Gold, silver and related mining shares will rally heading into late 2012 and are likely to break out dramatically as current trends develop.
China has proposed to broaden trading of precious metals in its local market in order to help China become a "major gold trading center." The Wall Street Journal was briefed about China's plans by "a person involved with the matter."
More money means more inflation. Meaning that injections of money are sure to raise the cost of living. They're also sure to depress the currency's exchange rate, especially if the injection goes unsterilized.
As potash prices reach their highest levels, uranium prices have suffered. But the host of Ahead of the Herd online and editor of the Ahead of the Herd newsletter believes the prospects for both industries are bright.
The sector we focus on has been consolidating after doing very well. This downward move accelerated recently, which could hasten the start of a buying period. The recovery of the broader equity market after March events seems to be stalling.