WSP Holdings is currently trading at $2.10. It has soared this in the last week from the $1.40 range. The company has been losing money like crazy, however, they've had an offer outstanding to buy them out at $3.00 a share for 7 or 8 months. [more]
YNG.TO and GRVY. Note to self: research these two more for later cash infusion.
So far the European Central Banks are not buying in great quantity, but this is without a doubt the tipping point. European and US selling had been a headwind to the price of gold for a long time signalling unflinching belief in the fiat monetary system based on the dollar. Clearly things have changed. No longer does the world want the dollar, but similarly the Euro shows no eagerness to offer itself as an alternative. At least not while the current crisis boils over. [more]
This book, by Barry Eichengreen, a political scientist at Berkeley, is the best book I've read in about five years. Every investor should read it.
The full title is Exhobritant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System.
The main issue is not where the price of spot gold will stay, rather it's that gold above $1500 an ounce is a sustainable price long-term. [more]