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Gold Bugs (and annoys)

The price of gold declined rather sharply over the past several days. The July 26, 2010 Wall Street Journal Commodities headline read “Gold Sinks as Market Worries Ebb.” Investors typically use gold and the common stocks of gold mining companies to hedge their portfolios against inflation and/or political risks. Political risk can take many shapes […]

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Things You’ve Never Seen and Thoughts You’ve Never Thought

On July 14th, we hosted a group of clients and friends at one of our favorite places, the Detroit Institute of Arts. We had the good fortune of being able to view the DIA’s current special exhibit “Through African Eyes” with a preview by curator Dr. Nii Quarcoopome. Dr. Quarcoopome gave us some perspective on […]

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Investment Grade

On July 2, 2010, the Campbell Soup Company re-marketed its 3.5% bonds due 2015. Stunningly, the yield represented NO PREMIUM versus what US Treasury Bonds were paying on that day for the same maturity! Campbell is considered a very strong company and, if the ratings agencies can be trusted, its bonds are considered investment grade. […]

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Psychology of the Market

An amusing chart courtesy of our friends at Funny how true it is!

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