"We've had some good luck recently in the bond arena; now I've found another trading opportunity: Templeton Global Income Fund (GIM), a global government bond fund that yields 5.6%," says growth and income expert Richard Band.

The editor of Profitable Investing explains, "The fund is run by one of the finest international bond managers, Dr. Michael Hasenstab. Plus, I think we're in for a nice capital gain as the dollar settles down from its torrid run against most foreign currencies.

"Over the past decade, this closed-end fund has rolled up a sizzling total return of 235% at net asset value (through mid-June). Meanwhile, the S&P 500 stock index has lost 11%, even with reinvested dividends.

"General Electric (GE) shows solid earnings growth potential, is attractively valued and appears to be a bargain at its current share price," says Dr. Melvin Pasternak.

The editor of Double-Digit Trading explains, "Fundamentally, GE's earnings recovery could carry the stock higher. The company expects 2010 to be a turnaround year. GE should benefit from $3 billion of cost cutting and restructuring measures.

"GE operates in more than 100 countries. And GE continues to expand its presence in India and China.

"Silver Wheaton (SLW) remains an undervalued stock on our buy list," says resource expert Adrian Day.

The money manager and editor of The Global Analyst explains, "We note that Silver Wheaton is not a mining company. Instead, in a business model similar to a royalty model, it acquires the stream of revenue from the silver output of other miners.

"The company usually enters these arrangements with miners for whom silver is a by-product. In a typical arrangement, Silver Wheaton pays a certain amount up-front plus a per ounce payment in exchange for all the revenue from the silver output.

"Western Assest Premier Bond Fund (WEA), , a closed-end bond fund, holds a diversified portfolio of mostly investment-grade bonds," notes Carla Pasternak.

The editor of High Yield Investing explains, "The fund has the highly desirable quality of paying distributions every single month. And, these distributions have consistently risen since 2005.

"Recently, payments were raised +10% to $0.11 for the March distribution. At the current rate, WEA yields an enticing 9.3%.

"National Grid (NGG) is Britain's largest utility, and is also a major player in the Northeast U.S. as the result of its 2007 acquisition of Keyspan," says Gerald Appel, an advisor and technician who is best known for developing the well-known MACD indicator.

The editor of Systems & Forecasts explains, "Much of its business is in regulated markets, offering stability in sales and profits. The company more than earns its current dividend, and is expected to continue to do so.

"National Grid issued new shares this year to fund capital expenditures. This diluted future earnings, and contributed to this year's 26% sell-off in the stock.

Shanghai JC Intelligence Co's chairman Hanver Li said that China plans to import 1.7 million tons of corn this year and 5.8 million tons next year. The buying will continue to increase to up to 10 million tons by 2015. China's previous largest import of corn was in 1996, when it bought 4.29 million tons.

This is a major policy shift for China. Li calls it a "new era" of corn buying. Incomes in China have been rising. Demand for more meat, milk and eggs is growing. Corn is a major feed supply for cattle, as well as a food staple.

"Cameco (CCJ) is the 'Superman' of the uranium world; the stock fits with our preference for owning tangible assets - the classic, durable means of wealth creation and preservation," says Chris Mayer.

The conrtributing editor to The Daily Reckoning explains, "Uranium ought to prove a wonderful inflation hedge if our thesis plays out. This is one to buy and sock away for a few years.

"Cameco Corp., based in Saskatchewan, Canada., is the only uranium blue chip. It is the second largest uranium miner in the world, after Kazatomprom. Cameco produced about 20 million pounds last year, or 16% of the world's supply.

"Now is the ideal time to pick up shares of high-quality European companies; not only are valuations attractive at these levels, but earnings could also surprise to the upside in an environment where global growth remains strong," says international specialist Yiannis Mostrous.

The contributing editor to Personal Finance explains, "Once such top European bargain is water and waste-management firm Veolia Environement (VE).

"Europe accounted for three-quarters of Veolia's revenues in 2009, with France accounting for roughly half that total. But the company's main business lines have relatively light exposure to economic cyclicality and may benefit from European austerity.

Ben Bernanke, chairman of the U.S. Federal Reserve, said on Thursday: "In the short term, I would believe that we should maintain a reasonable degree of fiscal support, stimulus for the economy."

That was yesterday. Today, Friday, Jean Claude Trichet, president of the European Central Bank, in an editorial for the Financial Times, called for public spending cuts and tax increases immediately across the industrialized world. Prolonging the stimulus would have "very limited" effect on growth, he wrote.

Trichet criticized the oversimplified message of fiscal stimulus -- "stimulate, activate, spend" -- given to all industrialized economies.

In Europe, both manufacturing and services output in the eurozone grew faster than expected. The European Commission also said that consumer confidence was at its highest level in July for more than two years.

When it comes to economic policy, it's difficult to plot the perfect path. Bernanke is an avid student of the 1930s depression and vows not to repeat the mistakes of that era. Trichet, on the other hand, is of the conservative European school of economics. He would prefer to err on the side of fiscal conservatism. Bernake would continue to use public money, if needed. He has already used $11.2 trillion of taxpayer money to prop up U.S. bank. The shift of this vast amount of money from taxpayers to the private banking sector is unprecedented in world history. Whether he should continue this policy is open to debate.

Do you believe that Trichet is right to cut spending and raise taxes?

September oil futures traded at $79.12 per barrel, up $2.56 (as of 14:40 EDT). Brent crude was up $2.24 per barrel at $77.61.

The reasons for the jump were varied. Some cited the possibility of another storm in the Gulf, others cited the fact that oil has been holding above its 200 day moving average. Stocks and commodities trade and then we write about the reasons for the prices changes. One big mover was the US dollar. It took a hit. The September contract traded 82.975, down .798. When the dollar goes down, buying oil gets cheaper.

"Even though Beijing has wisely been pulling back on the reins, China is still on pace to achieve growth in the neighborhood of 8% in 2010," suggests Keith Fitz-Gerald.

The editor of The New China Trader explains, "That means slew of building projects (all of which require steel). And that should be great for General Steel Holdings (GSI) , a long-term favorite that's ripe for new money.

"Building projects are only part of the story. China is in the process of dismantling (and consolidating) a decades-old steel industry.

Baidu (BIDU), China's most popular search engine, reported net income of 837.4 million yuan or 2.40 yuan per American depositary receipt, in the June quarter. Analysts' estimates compiled by Bloomberg had projected net income of 710.4 million yuan. Last year Baidu reported profit of 383.3 million yuan or 1.10 yuan per ADR for the same period.

The main reason for the spectacular gain was that Baidu's biggest competitor, Google (GOOG), had disputes with Chinese censors over Internet content. Google opted for open access to the Internet. This move clashed with China's policy of having content pass through official censors for approval. Google redirected traffic to its Hong Kong site and, in doing so, lost market share to Baidu.

Oil prices headed lower on Wednesday after the Department of Energy announced a surprise increase in inventories last week.

Analysts had been expecting to see oil reserves decline last week by 1.4 million barrels, but the weekly inventory report showed that inventories actually increased during the week by 400,00 barrels.

Shares of tech giant International Business Machines Corp. (IBM) are selling off in after hours trading today after the company posted lower than expected revenues for its second quarter.

Analysts had been expecting to see the company show revenues of $24.17 billion during the quarter, but actual revenues were a bit lower at $23.7 billion.

"Everyone knows about China's outlandish growth in exports. That's no secret. But, almost totally under the radar, China is transforming itself from a world-class exporter into one of the world's biggest importers," says Alexander Green.

The editor of The Oxford Communique explains, "Indeed, we think China is presenting the biggest opportunity on the planet -- and we recommend the FTSE/Xinhua China 25 Index Fund (FXI), which gives you a stake in 25 of China's very best blue-chip stocks Below, we review the fund and 14 reasons to remain bullish on the Chinese stock market.