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The Canadians  and Americans got together last week in Washington DC.  The topic was the oil sands and their importance to the US.  After BP’s April disaster in the deep Gulf waters offshore GOM drilling has now been banned.  Why is this event unusual in my view?  Because up till now the oil sands have been considered dirty in more ways than the apparent. Now they are being “greened” because they must be “greened.”

…read more Canada US and the Oil Sands

US New Home Sales Crash and Burn

Posted by Haver Analytics - ChartFacts

on Thursday, 24 June 2010 16:03

New_Home
From Haver Analytics:

New home sales data was released by the Census Bureau yesterday morning and it was ugly. The seasonally adjusted annual sales rate hit 300,000 units. That was down 33% from April, 18% from May 09, and a whopping 78% from the peak in Jul 05.

It was a record low for the series which dates back to 1963. The latest level was well short of Consensus expectations for 420,000 sales.

Gold rose to a record in London and New York as investors bought the metal to protect wealth from Europe’s financial turbulence and on concern that the economic recovery isn’t as strong as expected.

…..read more HERE

Silver once traded at $1,057 an ounce! (in 2009 Dollars)

Posted by Dr. Atif Khan, Ph.D

on Wednesday, 16 June 2010 20:17

silver-1344-2009

Click on image for larger view…..read more HERE

There is an ongoing debate among global policymakers about when and how fast to exit from the strong monetary and fiscal stimulus that prevented the Great Recession of 2008-2009 from turning into a new Great Depression. Germany and the European Central Bank are pushing aggressively for early fiscal austerity; the United States is worried about the risks of excessively early fiscal consolidation……read more HERE