Clifford Irving's hoax, the fake autobiography of Howard Hughes --- The Crime Library - The Crime library

How leasing is better than buying, for the company that leases anyway... 

According to Brown and Broeske's book Howard Hughes: The Untold Story, the men refused to sell their drill, known as the "rollerbit". Instead, the men formed a company known as the Sharp-Hughes Tool Company and leased the drill for $30,000 per well to oil explorers, such as Standard Oil. Within a short period of time, Howard Sr. and his partner become two of the wealthiest men in the country. Howard Sr. was finally able to fulfill his dream of being able to give his family anything they wanted.

Source: Clifford Irving's hoax, the fake autobiography of Howard Hughes --- The Crime Library - The Crime library

In the future, there will be only 4 big computers...

 

Meet Collosus, the computer which would play a mean game of tic-tac-toe...

Mr Simons is the king of the “quants”, quantitative investors who use complex models to come up with trading strategies. Renaissance has reportedly spent $600m on computers and other technology, much of it packed into the group’s 50-acre campus in East Setauket, about an hour from Manhattan. Mr Rosen describes the location as a cross between a university campus and the Pentagon, featuring a gym, a library, a tennis court and an auditorium that hosts academic lectures on topics with little connection to finance. On this campus, and at Renaissance’s office in Manhattan, Mr Simons and his army of PhD’s gather mountains of data on every conceivable security and futures contract and search for patterns, or “signals” that will tell them what is going to happen and when.

Source: FT.com / Comment & analysis / Analysis - The billion dollar boffin

Economic Rebalancing

James Simons' hedge fund, Renaissance, brings him over $3.2B/year in salary and bonuses.  Does his computer program know how to cheat at the tic-tac-toe that is the stock market?

While I believe the 80 PhDs are extremely good at creating successful computer models and trading strategies, I don't need a PhD or a sopisticated computer to figure out what are likely to be the main underlying secrets to their success. The biggest and most lucrative inefficiences to exploit are technical in nature (rather than fundamental). The computer models are probably especially good at detecting when too many people have shorted a stock or when to arbitrage profits out the greedy short term bets options traders like to make. Prices can be manipulated for short term gains or they can simply be driven up almost endlessly for positions the company already holds.

Source: Economic Rebalancing

Moly - poisons the water supply?

 

Those who missed the nickel and uranium runs can take comfort in knowing that molybdenum is the next super-hot investment. This is the metal that can resist heat, cold, and corrosion better than steel.

And thanks to increased demand from the likes of, you guessed it, China -- the white-hot metal has been soaring since January. In part, China can be blamed for the supply issue. You see, back in 2005, Hubei residents blamed molybdenum mines for poisoning the Chaoshui River. In response, rioters destroyed about 200 molybdenum mines, crippling global supply.

Source: Molybdenum Investor News, Prices, Stocks & Resources - Molybdenum: Its Time has come to Rally…

StockInterview.com - Molybdenum Outlook 2007: Metal Lacks the Price Hysteria of Uranium

 

Lots of Moly links here... 

Link to StockInterview.com - Molybdenum Outlook 2007: Metal Lacks the Price Hysteria of Uranium

NZDJPY=X: Basic Chart for NZD to JPY - Yahoo! Finance

 

Follow the winding & unwinding of the carry trade here. 

Link to NZDJPY=X: Basic Chart for NZD to JPY - Yahoo! Finance

CIBC - CIBC Aerogold VISA Card

 

Apply online and receive a Welcome Bonus of 15,000 Aeroplan® Miles when you use your new CIBC Aerogold® VISA* Card for the first time.

Source: CIBC - CIBC Aerogold VISA Card

Plus pay a $120 annual fee.  Not sure what 15,000 miles works out to in terms of $ value, but this may be worth it.

St. Louis Fed: Economic Data - FRED®

 

FRED tells me that inventories are up, sales are down, M2 is way, way up, government debt is way, way up, private household debt is way up, and we're most likely in a recessionary, hyper-inflationary cycle.  And now is a good time to start buying CAD (if you're in the US) - Beaver Tails & Maple Syrup are going up in USD in the near future.

Who's FRED?

Welcome to FRED® (Federal Reserve Economic Data), a database of over 3000 U.S. economic time series. With FRED® you can download data in Microsoft Excel and text formats and view charts of data series. We plan to continually improve FRED® and encourage you to send feedback through our contact form.

Source: St. Louis Fed: Economic Data - FRED®

Lots of Stats Info

 

Link to EconData.Net Home Page

The Internationalist: International Business

 

 

Canada
Alberta Stock Exchange Market Quotes
Canadian Stock Market Reporter
Canada Savings Bonds On-line
Montreal Exchange
Templeton Canadian Bond Fund
Templeton Canadian Stock Fund
Toronto Stock Exchange Market Quotes
The Vancouver Stock Exchange
Winnipeg Commodity Exchange Market Quotes

Source: The Internationalist: International Business

Quantifi - Credit Derivative Models and Risk Analysis for Synthetic CDOs, Credit Default Swaps, Options on CDS and Exotic Credit Derivatives.

 

The Web's Most Comprehensive Listing of Credit Derivatives Resources

Credit Derivatives Links:

Academic Links The world's top academic programs for finance and financial engineering.

Brokers Credit Derivative Brokers.

Credit Researchers Top research practitioners for Credit Derivatives.

Data Sources Sources of real-time and historical data for Credit Derivatives.

Directory of Finance Faculty On-line and searchable directory of Finance Faculty worldwide.

Industry Associations Financial industry associations relevant to Credit Derivatives.

Lists of Industry Associations On-line lists of Financial Industry Associations.

Print and On-line Magazines and Journals Print and On-line Magazines and Journals that cover Credit Derivatives.

Ratings Agencies Major credit rating agencies.

Web Resources On-line resources related to Credit Derivatives.

---

Other Interesting Links:

Interesting Links Other links to interesting stuff.

Source: Quantifi - Credit Derivative Models and Risk Analysis for Synthetic CDOs, Credit Default Swaps, Options on CDS and Exotic Credit Derivatives.

DuPont's Small Miracle [Fool.com] April 17, 2007

 

I don't expect the company to amend its tagline anytime soon to "the miracle of nanoscience," although it very well could. But I do expect it to profit from the coming nanotechnology revolution. It was clear from Chowdry's presentation that management understands how the "small" science will enable some very big changes in the century to come.

Source: DuPont's Small Miracle [Fool.com] April 17, 2007

Central bank websites

 

Albania:
Bank of Albania

Algeria:
Bank of Algeria

Argentina:
Central Bank of Argentina

Armenia:
Central Bank of Armenia

Aruba:
Central Bank of Aruba

Australia:
Reserve Bank of Australia

Austria:
Austrian National Bank

Azerbaijan:
National Bank of Azerbaijan

Bahamas:
Central Bank of The Bahamas

Bahrain:
Central Bank of Bahrain

Bangladesh:
Bangladesh Bank

Barbados:
Central Bank of Barbados

Belarus:
National Bank of the Republic of Belarus

Belgium:
National Bank of Belgium

Belize:
Central Bank of Belize

Bermuda:
Bermuda Monetary Authority

Bhutan:
Royal Monetary Authority of Bhutan

Benin:
Central Bank of West African States (BCEAO)

Bolivia:
Central Bank of Bolivia

Bosnia:
Central Bank of Bosnia and Herzegovina

Botswana:
Bank of Botswana

Brazil:
Central Bank of Brazil

Bulgaria:
Bulgarian National Bank

Burkina Faso:
Central Bank of West African States (BCEAO)

Cambodia:
National Bank of Cambodia

Cameroon:
Bank of Central African States

Canada:
Bank of Canada - Banque du Canada

Cayman Islands:
Cayman Islands Monetary Authority

Central African Republic:
Bank of Central African States

Chad:
Bank of Central African States

Chile:
Central Bank of Chile

China:
The People's Bank of China

Colombia:
Bank of the Republic

Comoros:
Central Bank of Comoros

Congo:
Bank of Central African States

Costa Rica:
Central Bank of Costa Rica

Côte d'Ivoire:
Central Bank of West African States (BCEAO)

Croatia:
Croatian National Bank

Cuba:
Central Bank of Cuba

Cyprus:
Central Bank of Cyprus

Czech Republic:
Czech National Bank

Denmark:
National Bank of Denmark

Dominican Republic:
Central Bank of the Dominican Republic

East Caribbean area:
Eastern Caribbean Central Bank

Ecuador:
Central Bank of Ecuador

Egypt:
Central Bank of Egypt

El Salvador:
Central Reserve Bank of El Salvador

Equatorial Guinea:
Bank of Central African States

Estonia:
Bank of Estonia

Ethiopia:
National Bank of Ethiopia

European Union:
European Central Bank

Fiji:
Reserve Bank of Fiji

Finland:
Bank of Finland

France:
Bank of France

Gabon:
Bank of Central African States

The Gambia:
Central Bank of The Gambia

Georgia:
National Bank of Georgia

Germany:
Deutsche Bundesbank

Ghana:
Bank of Ghana

Greece:
Bank of Greece

Guatemala:
Bank of Guatemala

Guinea Bissau:
Central Bank of West African States (BCEAO)

Guyana:
Bank of Guyana

Haiti:
Central Bank of Haiti

Honduras:
Central Bank of Honduras

Hong Kong:
Hong Kong Monetary Authority

Hungary:
Magyar Nemzeti Bank

Iceland:
Central Bank of Iceland

India:
Reserve Bank of India

Indonesia:
Bank Indonesia

Iran:
The Central Bank of the Islamic Republic of Iran

Iraq:
Central Bank of Iraq

Ireland:
Central Bank and Financial Services Authority of Ireland

Israel:
Bank of Israel

Italy:
Bank of Italy

Jamaica:
Bank of Jamaica

Japan:
Bank of Japan

Jordan:
Central Bank of Jordan

Kazakhstan:
National Bank of Kazakhstan

Kenya:
Central Bank of Kenya

Korea:
Bank of Korea

Kuwait:
Central Bank of Kuwait

Kyrgyzstan:
National Bank of the Kyrgyz Republic

Latvia:
Bank of Latvia

Lebanon:
Central Bank of Lebanon

Lesotho:
Central Bank of Lesotho

Libya:
Central Bank of Libya

Lithuania:
Bank of Lithuania

Luxembourg:
Central Bank of Luxembourg

Macao:
Monetary Authority of Macao

Macedonia:
National Bank of the Republic of Macedonia

Madagascar:
Central Bank of Madagascar

Malaysia:
Central Bank of Malaysia

Malawi:
Reserve Bank of Malawi

Mali:
Central Bank of West African States (BCEAO)

Malta:
Central Bank of Malta

Mauritius:
Bank of Mauritius

Mexico:
Bank of Mexico

Moldova:
National Bank of Moldova

Mongolia:
Bank of Mongolia

Morocco:
Bank of Morocco

Mozambique:
Bank of Mozambique

Namibia:
Bank of Namibia

Nepal:
Central Bank of Nepal

Netherlands:
Netherlands Bank

Netherlands Antilles:
Bank of the Netherlands Antilles

New Zealand:
Reserve Bank of New Zealand

Nicaragua:
Central Bank of Nicaragua

Niger:
Central Bank of West African States (BCEAO)

Nigeria:
Central Bank of Nigeria

Norway:
Central Bank of Norway

Oman:
Central Bank of Oman

Pakistan:
State Bank of Pakistan

Papua New Guinea:
Bank of Papua New Guinea

Paraguay:
Central Bank of Paraguay

Peru:
Central Reserve Bank of Peru

Philippines:
Bangko Sentral ng Pilipinas

Poland:
National Bank of Poland

Portugal:
Bank of Portugal

Qatar:
Qatar Central Bank

Romania:
National Bank of Romania

Russia:
Central Bank of Russia

Rwanda:
National Bank of Rwanda

San Marino:
Central Bank of the Republic of San Marino

Samoa:
Central Bank of Samoa

Saudi Arabia:
Saudi Arabian Monetary Agency

Senegal:
Central Bank of West African States (BCEAO)

Serbia:
National Bank of Serbia

Seychelles:
Central Bank of Seychelles

Sierra Leone:
Bank of Sierra Leone

Singapore:
Monetary Authority of Singapore

Slovakia:
National Bank of Slovakia

Slovenia:
Bank of Slovenia

Solomon Islands:
Central Bank of Solomon Islands

South Africa:
South African Reserve Bank

Spain:
Bank of Spain

Sri Lanka:
Central Bank of Sri Lanka

Sudan:
Bank of Sudan

Surinam:
Central Bank of Suriname

Swaziland:
The Central Bank of Swaziland

Sweden:
Sveriges Riksbank

Switzerland:
Swiss National Bank

Tajikistan:
National Bank of the Republic of Tajikistan

Tanzania:
Bank of Tanzania

Thailand:
Bank of Thailand

Togo:
Central Bank of West African States (BCEAO)

Tonga:
National Reserve Bank of Tonga

Trinidad and Tobago:
Central Bank of Trinidad and Tobago

Tunisia:
Central Bank of Tunisia

Turkey:
Central Bank of the Republic of Turkey

Uganda:
Bank of Uganda

Ukraine:
National Bank of Ukraine

United Arab Emirates:
Central Bank of United Arab Emirates

United Kingdom:
Bank of England

United States:
Board of Governors of the Federal Reserve System (Washington)
Federal Reserve Bank of New York

Uruguay:
Central Bank of Uruguay

Vanuatu:
Reserve Bank of Vanuatu

Venezuela:
Central Bank of Venezuela

Yemen:
Central Bank of Yemen

Zambia:
Bank of Zambia

Zimbabwe:
Reserve Bank of Zimbabwe

Source: Central bank websites

Afraid to Trade.com Blog - Overcoming Stock Market Fears

 

This is particularly true and I have experienced this in my own trading, just didn’t have the exact words for the concept. I have identified that my best opportunities and trade success results from the 9:00 - 10:30 (CST) timeframe, and I actively trade positions there and very few if any the rest of the day (unless I am entering/exiting a swing trade).

Source: Afraid to Trade.com Blog - Overcoming Stock Market Fears

TheStar.com - News - City about to go broke, staff say

 

How much does it cost to float payroll for Toronto? 

In fact, the city pays out more than $100 million each pay day. If revenue inflows get delayed significantly, the city's working capital reserve is supposed to cover the shortfall and allow workers to cash their cheques.

Source: TheStar.com - News - City about to go broke, staff say

Market Centers - Hours of Operation

 A list of world markets and their open-close times.

Not all products are available during the full hours listed. For details on product hours see the individual exchange websites listed under Market Center Details.

Source: Market Centers

 

How come the markets are not open anywhere on a Saturday?

Time to Sell? Yup..

 When in May, stay far away... and June, and most of July...

For whoever cherishes market trivia and historical precedents, I dug up the longest Dow Industrials streaks with one day down (since Oct. 1928) using Yahoo! Finance data (assuming they are accurate). I also put the next 12-month high/low in parentheses:

Jun. 11-Jul. 08, 1929 (18/19): 303.27-346.55 = +14.27% (high: 381.17 on Sep. 03, 1929: +9.99%; low: 198.69 on Nov. 13, 1929: -42.67%)

Nov. 19-Dec. 11, 1970 (15/16): 754.24-825.92 = +9.50% (high: 950.82 on Apr. 28, 1971: +15.12%; low: 797.97 on Nov. 23, 1971: -3.38%)

Dec. 11, 1991-Jan. 03, 1992 (15/16): 2,863.82-3,201.48 = +11.79% (high: 3,413.21 on Jun. 01, 1992: +6.61%; low: 3,136.58 on Oct. 09, 1992: -2.03%)

Mar. 29-Apr. 20, 2007 Ongoing (15/16): 12,300.36-12,961.98 = +5.38%

Jun. 15-Jul. 06, 1955 (14/15): 438.20-467.41 = +6.67% (high: 521.05 on Apr. 06, 1956: +11.48%; low: 438.59 on Oct. 11, 1955: -6.17%)

Jun. 17-Jul. 08, 1959 (14/15): 621.40-663.81 = +6.82% (high: 685.47 on Jan. 05, 1960: +3.26%; low: 599.10 on Mar. 08, 1960: -9.75%)

Nov. 17-Dec. 08, 1959 (14/15): 634.46-675.39 = +6.45% (high: 685.47 on Jan. 05, 1960: +1.49%; low: 566.05 on Oct. 25, 1960: -16.19%)

Nov. 16-Dec. 07, 1970 (14/15): 759.79-818.66 = +7.75% (high: 950.82 on Apr. 28, 1971: +16.14%; low: 797.97 on Nov. 23, 1971: -2.53%)

Jan. 02-Jan. 22, 1987 (14/15): 1,895.95-2,145.67 = +13.17% (high: 2,722.42 on Aug. 25, 1987: +26.88%; low: 1,738.74 on Oct. 19, 1987: -18.97%)

Jun. 10-Jun. 29, 1954 (13/14): 319.27-336.90 = +5.52% (high: 449.86 on Jun. 27, 1955: +33.53%; low: 333.53 on Jun. 30, 1954: -1.00%)

Sep. 13-Oct. 07, 1968 (13/14): 915.65-956.68 = +4.48% (high: 985.21 on Dec. 03, 1968: +2.98%; low: 801.96 on Jul. 29, 1969: -16.17%)

Dec. 31, 1986-Jan. 20, 1987 (13/14): 1,908.61-2,104.47 = +10.26% (high: 2,722.42 on Aug. 25, 1987: +29.36%; low: 1,738.74 on Oct. 19, 1987: -17.38%)

Jun. 03-Jun. 22, 1987 (13/14): 2,278.22-2,445.51 = +7.34% (high: 2,722.42 on Aug. 25, 1987: +11.32%; low: 1,738.74 on Oct. 19, 1987: -28.90%)

Source: Bill Cara: Cara’s Bull Board, Fri., Apr. 20, 2007, 7:33 AM

Finding the Short Positions

 

Japan has the answers to who is short commodities..

Source: TOCOM MARKET DATA

Inside Michael Dell's campaign to repair his company - April 15, 2007

 
Will have to see what Mark Cuban has to say about Dell's return.

The model he invented - and means to revolutionize - is "Dell Direct," meaning direct contact with every customer, via telephone, Internet, or Dell's in-house sales force, and every computer built to order. It was a powerful differentiator for many years, fueling extraordinary growth and attracting delegations of admirers from all over the world to Dell's Round Rock, Texas, campus. But it's less of an advantage now as computer hardware becomes ever more a commodity, squeezing margins ever tighter. "The thing I've been saying internally is," Dell says, borrowing Sonnenfeld's metaphor, "the direct model is not a religion. It's a great strategy, works well; there are things we can do with it. But that's not the only thing we can do as a company."

Source: Inside Michael Dell's campaign to repair his company - April 30, 2007

Everyone agrees that on the way from $31 billion in sales in 2001 to nearly $60 billion last year, "we did not absorb the sheer size and the exponential increase in complexity well," according to Paul Bell, who led Dell's expansion in Europe, Africa, and the Middle East, and was recently reassigned to the Americas. Carty has a more succinct analysis: "You can't grow op-ex faster than revenue. Duh!" Which is why Wall Street is clamoring for layoffs, and will probably get its wish.

Tell Michael how to run his company with this ripoff of Digg.com, powered by Salesforce.com.

http://www.ideastorm.com/

What's next, Vanadium?

 Sprott has IPO'd a Molybdenum fund today.  This seems to be really a niche market that doesn't seem to fluctuate a whole lot, excluding two years ago when there was some speculative surging.

Sprott's Uranium fund was highly successful in helping to drive up the price of spot Uranium through speculation.  This could be a similar play.

China is apparently restricting their exports and keeping mum on their production levels. 

An increase in nickel prices may drive the price of this metal.

Some links on moly.

http://www.sprott.com/pdf/Structural%20Change_Denis%20Battrum_March27.pdf

http://en.wikipedia.org/wiki/Molybdenum

http://www.infomine.com/Investment/HistoricalCharts/ShowCharts.asp?c=molybdenum

http://www.stockhouse.ca/blogs.asp?page=viewpost&blogID=629&postID=15679

http://www.sprottmoly.com/Investor_Presentation.pdf

http://www.sprottmoly.com/Prosectus_SEDAR.pdf

http://www.sprottmoly.com/investor.htm

Sedar has more info...

Source: Bill Cara: Cara’s Bull Board, Mon., Apr. 16, 2007, 8:58 AM

Way of the Turtle - 4 Levels of Competency

 

• Level One: Neophyte - unable to perform and unable to evaluate other’s performance effectively. This covers most people who invest and trade.
• Level Two: Evaluator - cannot perform but can competently evaluate the performance of others; demonstrates a knowledge of the issues and the environment and enough about the subject but may not possess the requisite traits to perform competently.
• Level Three: Performer - competent to perform; can fulfill the basic requirements of the domain but does not have a sufficient grasp on the reasons behind their own competence to be able to help others move from level one to level two or from level two to level three.
• Level Four: Master - can perform and has sufficient knowledge of the traits and requirements for competence to teach others; demonstrates a superior knowledge of the issues and the environment and subject, possesses the requisite traits to perform as well as a very clear sense of the important issues required to move up the competence ladder.

The reasons that trying to move from level one directly to level-three can be so devastating is that it makes it much more likely that one will not be successful or that upon achieving success one will never reach mastery. Let’s explore these two problems separately.

Source: Way of the Turtle

Texans moving elsewhere

 Rapidly, capital is moving from expensively regulated, legally expensive and highly-taxed U.S. to foreign operations that provide a source of cheap labour, operating costs, and tax incentives.  There seems to be a trend to move to Poland, with Dell and many other large companies opening factories over there.

"..take Commercial Metals Co., (CMC ) an $8 billion steel company based in Irving, Tex. In 2003 it bought a steel mill in Poland, where it makes wire rod and other products to sell in Eastern Europe, one of the hottest construction markets in the world. This fiscal year, says William B. Larson, chief financial officer, Commercial Metals will double its capital spending in Poland, helping drive a 49% increase in global capital spending in the company's second fiscal quarter, which ended in February. What's more, the company is currently bidding on two mills in Croatia and looking for more investments in Vietnam."

Source: What Spending Slowdown?

Why U.S. tax policy makes saving a sucker's game. - By Henry Blodget - Slate Magazine

 

The problem is how we tax investment gains. Over the past 80 years, the average annual return on Treasury bills (a proxy for savings accounts) has been 3.7 percent per year. Inflation, meanwhile, has averaged 3.1 percent per year. This combination has produced a "real return" of a paltry 0.6 percent per year. If you got to keep that 0.6 percent, you might still have an incentive to save: A $616 real gain on $10,000 in 10 years wouldn't be much, but it would at least be $616 more than you have now. Unless you're so poor that you're exempt from taxes, however, or so flush that you can afford to lock up cash for decades in a tax-deferred annuity or retirement account, you won't be keeping that 0.6 percent. You'll be giving all of it—and probably more—to the government.

Source: Why U.S. tax policy makes saving a sucker's game. - By Henry Blodget - Slate Magazine

Stockpickr! S&P 500 Stocks Furthest Below 50-Day Moving Average Portfolio

 

S&P 500 Stocks Furthest Below 50-Day Moving Average holdings

5940 views

Source: Stockpickr! S&P 500 Stocks Furthest Below 50-Day Moving Average Portfolio

Silvercorp Metals Inc.

 

Silver Market Review

A Review of the Chinese
Silver Market

World Silver Survey 2005 - A Summary

Laws & Regulations

The Selected Laws And Regulations Of The People's Republic Of China On Mineral Exploration And Development

Ministry of Land and Resources People's Republic of China
February 2006

Source: Silvercorp Metals Inc.

JoeCit: Intelligent Investing - Response to INVESTools, Inc. Post

 Disgruntled employees, a short-side blogger, and the CEO get in the mix on this entertaining feed.  Sink or SWIM indeed.

Hi there…I once worked for INVESTools and was FIRED for trying to change the way they do business. Quite literally and openly, they asked the instructors to have a good story about their investing experience, even if we had to conjure one.

Source: JoeCit: Intelligent Investing - Response to INVESTools, Inc. Post

Atlas - Migration Patterns

Where's everybody moving to these days? 

Link to Atlas - Migration Patterns

Mover Mike Accredited Home Lenders

Mover Mike comments on LEND: 

Isn't it interesting how major investors can make the same mistakes ordinary investors make: doubling up, selling at the bottom and buying a falling knife. They also could be right. We'll know this year! Accredited Home Lenders LEND Farallon Capital Management Sub-prime Mortgage Mover Mike

Source: Mover Mike Accredited Home Lenders

A few things I'll take away from purchasing:

1. Don't buy on price spikes.
2. Don't get emotional with the market.
3. Get out early.

I still think LEND has some potential.  The RSI has cratered, there is an 80% short on the stock, and it's second-largest shareholder bailed, which was the driving factor for the downturn.  However, there should be some support around the $10 mark, since their bailout lender Fallond has warrants at that price, and at 13% interest on 200 mil they have some incentive for it to stick around for a few years.

Disclosure: I own a small (and shrinking) position in LEND.

The Frugal Canadian: Tax Software Reviews

 Great list of tax software, including a shareware one!

Drip... drip... drip...

The new Canadian Uranium Focused Energy Fund (UF.UN) , put out by Middlefield, which just came onto the (TSX) market last week, plans to offer a DRIP with Optional payments as well. The fund holds Uranium stocks such as Cameco, Denison, Paladin, etc.
The DRIP will start in about 4 months.
Distributions will be quarterly.
Yield will be around 5%.
Units will be purchased at NAV, or if NAV is less than 95% of market price, units will be purchased at 95% of Market price.
Optional cash payment minimum $100

Baystreet.ca

Here is a list of posted GIC rates.  Outlook Financial (Manitoba) currrently has 4.35% on their 1 year GIC.

 

Baystreet.ca

XTR - Highest dividend yields

 

Canadian ETF dividend yields as of 2007-03-26 (at ex-dividend price, most accurate yield figure)
Symbol	Annual yield	Category	Description	Q1 dividend	4 quarter est.	Price at ex-
XTR	4.96%	Income trust	Income Trust index	$0.16886	$0.68	13.62
XRE	4.11%	Income trust	REIT index	$0.17707	$0.71	17.23
XBB	3.97%	Bond fund	Broad bonds (avg term 10 yrs)	$0.29058	$1.16	29.30
XGB	3.94%	Bond fund	Government bonds (avg term 10 yrs)	$0.19963	$0.80	20.25
XSB	3.92%	Bond fund	Short term bonds (avg term 3 yrs)	$0.27833	$1.11	28.40
XLB	3.77%	Bond fund	Long term bonds (avg term 22 yrs)	$0.19038	$0.76	20.21
XCB	3.29%	Bond fund	Corporate bonds (avg term 9 yrs)	$0.16716	$0.67	20.34
XDV	2.81%	Stock index	Dividend paying stocks	$0.16159	$0.65	23.02
XRB	2.80%	Bond fund	Real return bonds (avg term 22 yrs)	Based on 2006 dividends at last ex-
XFN	2.32%	Stock index	Financial stocks	$0.32436	$1.30	56.04
XMD	2.17%	Stock index	Midcap stocks	$0.49483	$1.98	91.13
XIU	1.73%	Stock index	S&P/TSX 60 (broad stock index)	$0.33002	$1.32	76.51
XEG	1.65%	Stock index	Energy stocks	$0.33799	$1.35	82.16
Notes:
1. Bank of Canada overnight and LIBOR rate is 4.25%
2. Last t-bill auction (3 month, 6 month, 1 year) all yield 4.2%
3. Canada 2 yr bonds yield 4.1%
4. Canada 5 yr bonds yield 4.0%
5. Canada 10 yr bonds yield 4.1%
6. Canada 30 yr bonds yield 4.2%
7. Yield curve is flat. 3 month t-bills yield same as 30 year bonds!
Data source: iShares and Scotia Capital for bond market yields