Weekend Newswire: Latin America

Bolivia and US agree to improve bilateral ties
Bolivian President Evo Morales has called for a complete overhaul of his country’s strained ties with the US. He urged “mutual respect” between the two nations, saying Washington should not interfere in Bolivia’s affairs.

Venezuelan Bonds Sink to Six-Week Low as Chavez Takeovers Fuel `Distrust’
Venezuela’s benchmark bonds fell to a six-week low after President Hugo Chavez announced the government will take over the hot-briquetted iron industry and other metal companies.

Chavez Takes Control of Venezuela’s Hot-Briquetted Iron, Steel Industries
Venezuelan President Hugo Chavez announced the government will take over the hot-briquetted iron industry and other metal companies, increasing its control over the nation’s mineral-wealth industries.

Venezuelan Oil Keeps Attracting Bidders in Bets That Chavez Isn’t Forever
Chevron Corp. and Total SA are pursuing new Venezuelan oil projects after President Hugo Chavez tore up past agreements, seized assets of contractors and expelled producers that wouldn’t accept new terms.

Cash short Venezuela negotiating loans from Brazil
Venezuelan President Hugo Chavez, whose administration is facing cash shortages as oil revenues plunge, is negotiating loans from Brazil’s development bank to fund infrastructure projects, revealed the Brazilian newspaper Folha de Sao Paulo.

Brazilian Stocks Gain on Signs of Rising Demand, Commodities; Bolsa Rises Brazil’s
Bovespa index climbed, capping a weekly advance, on speculation domestic demand is recovering and as investors bought commodities to hedge against a weakening dollar.

Brazil’s Vale Lowers This Year’s Planned Investments to $9 Billion From $14 Billion
Cia. Vale do Rio Doce, the world’s biggest iron-ore producer, said falling costs and a stronger dollar allowed it to cut 2009 planned capital spending by 37 percent.

Mexican Billionaire Salinas May Enter California to Boost Hispanic Banking
Banco Azteca, controlled by Mexican billionaire Ricardo Salinas, says the financial crisis offers the bank a chance to enter the U.S. market and lure Hispanic customers.

Pemex Is `Too Optimistic’ About Chicontepec Development, Board Member Says
Petroleos Mexicanos, the state-owned oil company, should reconsider its $11.1 billion plan for the Chicontepec field because lower oil prices make the investment less attractive, said newly appointed board member Fluvio Ruiz.

Weekend Newswire: Commodities

[Crude Oil] – Oil Falls on Speculation Recovery Will Falter, Reducing Global Fuel Demand
Crude oil fell the most in almost a month on concern the global economic recovery may falter, reducing demand for fuel.

[Natural Gas] — Nymex Gas Falls as Reports Show Industrial Demand Will Be Slow to Recover
Natural gas futures fell for a third day as reports showed that demand for the fuel from factories and power plants will be slow to recover during the recession.

[Copper] – Copper’s U-Shaped Base Signals Rise, StanChart Says: Technical Analysis
Copper may rise to levels not seen since October in the month ahead, as the metal forms a U-shaped base, Standard Chartered Bank said, citing trading patterns.

[Gold & Silver] — Gold Advances in N.Y. on Speculation Equity Rally May Stall; Silver Gains
Gold prices rose, extending a rally to two weeks, as investment demand increased on rising consumer prices and signs that a rally in U.S. equities may be ending. Silver futures fell.

[Platinum & Palladium] — Platinum Falls as Dim Auto Outlook Cuts Demand in N.Y.; Palladium Gains
Platinum prices fell as the U.S. auto- industry slump eroded demand for the metal used in pollution- control parts. Palladium rose for the first time this week.

[Steel] — China Steel Industry Likely to Post Loss in 2009, Baosteel Chairman Says
China’s steel industry may post a loss this year, Baosteel Group Corp. Chairman Xu Lejiang said at a conference in Shanghai today. Xu said the Chinese steel industry is oversupplied and faces severe structural problems that have been worsened by the financial crisis.

[Soybeans] — Soybeans Head for Third Weekly Gain as Demand Cuts U.S. Supply
Soybeans climbed, heading for a third weekly gain, on speculation that increased global demand may further reduce inventories in the U.S., the world’s biggest grower and exporter of the crop.

[Investments] — Where Commodities Fit In Your Portfolio
Commodities are a great way to diversify your portfolio, but if you are considering allocating some money to the group, don’t expect to catch a draft in the near future, even if there are signs the worst of the global slowdown may be over.

Jim Rogers: "We are going to have serious food shortages in a few years"

Jim Rogers sits down with Bloomberg host Haslinda Amin in his home base of Singapore. Haslinda gets a full twenty minutes to test his patience while she asks what his opinions are on investing in a variety of investment categories. Commodities. Currencies. North American Natural Gas. Yen Carry Trade. Agriculture. Equities. ETF’s.

As usual, Jim Rogers is sticking to what he knows best-raw materials. If you’re a new reader, or have not heard of Jim Rogers definitely run a search on the right of his name to bring up past posts and videos including him.

Part 1 /3

[youtube=http://www.youtube.com/watch?v=2x7LbA9hx6Y&hl=en&fs=1&color1=0x2b405b&color2=0x6b8ab6&border=1]

Part 2 / 3

[youtube=http://www.youtube.com/watch?v=kPxKuKrdNTM&hl=en&fs=1&color1=0x2b405b&color2=0x6b8ab6&border=1]

Part 3 / 3

[youtube=http://www.youtube.com/watch?v=oWLjEEEIEL0&hl=en&fs=1&color1=0x2b405b&color2=0x6b8ab6&border=1]

Jim Rogers: Speak Mandarin, Don't Buy America

- – -

[youtube=http://www.youtube.com/watch?v=XKslM3KDLmY&hl=en&fs=1&color1=0x2b405b&color2=0x6b8ab6&border=1]