Mr Paulson sold a third of his holdings in the SPDR Gold Trust in the third quarter, according to a regulatory filing released late on Monday. Nonetheless, his $30bn hedge fund was still the largest holder of the ETF at the end of September, with a stake worth about $3.5bn at current prices.
(Reuters) - Nebraska and TransCanada Corp agreed on Monday to find a new route for the stalled Keystone XL pipeline that would steer clear of environmentally sensitive lands in the state.
Under pressure from green groups, the State Department last week ordered the company to find a new route for the line in a decision that set back the $7 billion, Canada-to-Texas pipeline by more than a year.
The pipeline would deliver 700,000 barrels a day of crude from Alberta's oil sands to Texas refineries. But environmentalists strongly oppose the project, because of the route, concerns about spills and carbon emissions from production of oil sands crude.
In the deal with Nebraska, the state would pay for the new studies to find a route that would avoid the Sandhills region and the Ogallala aquifer, which provides water for millions in the area.
Read the rest of the article here: TransCanada, Nebraska to work on new Keystone route | Reuters
From Frank Holmes of US Global Investors on Seeking Alpha:
With money markets and Treasuries yielding next to nothing these days, investors are finding income in new places. One area those investors should consider is gold mining. With gold rising in value, mining companies are reaping record profit margins, yet the stock prices are depressed due to lack of investor interest. A solution for both gold companies and investors may be dividends, specifically gold-linked dividends.
Several top-tier gold producers that are benefiting from higher gold prices have begun to share a portion of their profits with shareholders via a dividend payout. Thirteen of the world’s largest gold producers are expected to pay nearly $2 billion in dividends this year, according to MineFund, making it the largest payment in gold stock history. The Financial Post also reported that miners’ dividend payments are up 75 percent on a year-over-year basis, compared to a 26 percent increase in 2010.
read the rest of the article here: Get Paid To Play Gold Using Miner Stocks - Seeking Alpha
