Every vote counts in the British Airways Face of Opportunity Contest, whose voting period was extended to November 19. There is still time for her friends, enemies, customers, colleagues, and relatives to vote to send Vivian to Australia to find a local stringer (reporter). Up to 250 companies selected as BA Event Prize Finalists will fly free from New York to London and beyond. Vote as many times as you want at http://www.faceofopportunity.com/gallery but no more than once a day. It’s free.
Today the chartists spotted a Golden Cross, not a Sothern Cross, supposedly indicative of a rising stock market. The 50 day moving average crossed the 200 day one. If you believe in chart patterns, this hints at a 30+% market rise to come. I’m agnostic.
Brazil confirmed that there is yet another sub-salt oil and gas field offshore Santos, southeast for Tupi, and that it may contain 5.8 bn barrels of oil equivalent, boe. Before he leaves office, Pres. Lula fully intends to impose new or higher taxes on foreign buyers of Brazilian real denominated bonds, and on non-state participants in hydrocarbon exploration. Of course the bigger the Brazilian finds prove to be the lower the price the oil and gas they produce will be.
More for paid subscribers from Mexico, Britain, The Netherlands, Brazil, Australia, Colombia, Canada, Israel, Singapore, and other exotic climes. Much from the oil patch, but also some fund news and drug developments.
