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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: David Culver who wrote (79412)	2/3/2007 11:38:53 PM
From: ChanceIs	Respond to of 206338

Canada Govt 8-Mo Surplus C$6.08B; Nov Surplus C$304M >>>I believe that I have previously extolled the virtues of expatriating $$$$ to Canada and once there, putting them in NG. Canada has been running a surplus, unlike the US. (I don't know if Canada plays games as the US does with Social Security, but it is at least nominally in the black.) While the Loonie has fallen relative to the buck since July, if the current Canadian surplus vice US deficit continues, then the situation will reverse. Did I mention that crude closed above $59 on Friday? Think of the implications of Canada being a net exporter of crude vice the US being a net importer if the rise continues. Buy those Loonies before its too late.<<< DOW JONES NEWSWIRES January 23, 2007 3:00 p.m. OTTAWA (Dow Jones)--The Canadian government's budget surplus in April through November was C$6.08 billion (US$5.15 billion), down from C$6.59 billion in the year-earlier period as the rate of spending rose faster than revenue, according to data from the finance department Tuesday. The surplus in November widened to C$304 million from C$85 million, the department said in its monthly Fiscal Monitor. The government's fiscal year runs from April 1-March 31. Finance Minister Jim Flaherty's economic and fiscal update on Nov. 23 forecast a C$7.2 billion surplus for the current fiscal year, double the original projection in the 2006 Budget. Revenue in the eight months rose 4.6% to C$146.19 billion. The government collected C$70.25 billion from personal income taxes and C$19.13 billion from corporate taxes, up 9.2% and 9.5%, respectively, from a year ago. Excise taxes and duties were down 5.9% C$30.11 billion, including an 8.5% drop in receipts from the goods and services tax. The GST was cut to 6% from 7% last July. Program spending was up 6.4% to C$117.46 billion from higher transfer payments and increased operating costs of government departments and agencies, including defense. Public debt charges fell 0.6% to C$22.65 billion. Total budget spending was up 5.2% to C$140.11 billion. Revenue in November rose 6.0% to C$18.31 billion with receipts from personal income taxes up 10.9% to C$8.56 billion and corporate taxes up 4.1% to C$2.49 billion. There was also a big gain from non-resident withholding taxes during the month, which jumped almost three-fold to C$994 million. The finance department said a big part of it was from a one-time payment from the sale of Canadian assets by a non-resident company. GST receipts dropped 18.4% to C$2.45 billion. Program spending in November rose 7.8% to C$15.30 billion. Public debt charges fell 9.4% to C$2.71 billion. Total budget spending was up 4.8% to C$18.01 billion. Web site fin.gc.ca

To: David Culver who wrote (79412)	2/4/2007 11:24:33 AM
From: Tommaso	Respond to of 206338

Hi David, Thanks for all the good analysis. As to Areva, the French power (uranium) company: I wish I had just simply held onto it. But one reason I bought it was that I thought it would be a world leader in selling and installing the newer generations of nuclear power plants. Instead, it now appears that Westinghouse (now owned by Toshiba) and good old General Electric have the edge. I had a pretty nice profit in Areva, and when they lost out on building new projects in China, I decided to move that capital into agricultural commodities, reasoning that the ill-considered U. S. push for ethanol would eat into the corn crop and push up wheat and soybeans as well--and in fact right now farmers are changing over to corn. I also think that a falling dollar will mean great demand for cheaper U.S. food crops. So I now have a very large position in DBA, which is in corn, wheat, soybeans, and sugar; it's a pure commodity play. But I am also still right there with Simmons, Coxe, Pickens, et al., in thinking that crude oil is still selling a lot less than it's worth. American drivers, enjoing low-taxed gasoline, will go on driving and paying $4.00 a gallon without cutting back much, and adding $2.00 a gallon the gasoline implies rasing the price of crude by something over another $50 a barrel. I think we will see $120 crude some time in the next two years.