Forex & Currency
Gold and Oil Prices
Correcting Gold and Oil
What’s going on with gold and oil?
Here’s what we know. Prices for both gold and oil were moving upward for most of the spring and well into summer. Then prices hit a peak. Gold touched $980 per…
21Aug2008 | Whiskey and Gunpowder | 0 comments | ContinuedGold Price Rebound
Gold: Cheap as Chips…?
The sharp drop in world gold prices starting in late July knocked the cost of physical metal more than 20 percent off its record top of mid-March at last week’s low point.
That level — just above $750…
20Aug2008 | Whiskey and Gunpowder | 0 comments | ContinuedStrong Dollar Rally Causes Gold Prices to Tumble
Gold prices tumbled below $800 per ounce for the first time since late 2007 Friday, as the continuing U.S. dollar rally sparked an across-the-board retreat in commodity prices.
Gold closed Friday at $792 an ounce, a decline of $22.40, or 2.75%.…
19Aug2008 | Money Morning | 0 comments | ContinuedStock Market Predictions: “Crazy” About the Dollar
I’m no stranger to controversial stock market predictions. In fact, a few weeks ago I angered an entire room of investors at the Agora Financial Symposium with my latest trio of “crazy” recommendations…
–”Take profits on your gold, while the getting’s…
18Aug2008 | Investment U | 1 comment | ContinuedStrong Dollar Rally Causes Gold Prices to Tumble
Gold prices tumbled below $800 per ounce for the first time since late 2007 Friday, as the continuing U.S. dollar rally sparked an across-the-board retreat in commodity prices.
Gold closed Friday at $792 an ounce, a decline of $22.40, or 2.75%.…
18Aug2008 | Money Morning | 0 comments | ContinuedPound Sterling Plummets as the Chance for a BOE Rate Cut Improves
The British pound fell to a 22-month low yesterday (Wednesday), after the Bank of England (BOE) offered a gloomy outlook for the U.K. economy and the chance of an interest rate cut increased.
The pound fell to $1.8656 yesterday –…
14Aug2008 | Money Morning | 0 comments | ContinuedTurbulence in the European Economy Sparks a Dollar Rally
The U.S. greenback surged Friday, capping off the biggest weekly dollar rally in three and a half years, as the euro slumped on speculation the European economy would continue to weaken.
The euro fell as low as $1.5008 Friday afternoon, dropping…
11Aug2008 | Money Morning | 0 comments | ContinuedThe Smart Money Says You Need to Sell the Dollar Today
How to Sell the Dollar
In 2004, then Treasury Secretary John Snow was traipsing about the globe trying to “talk the dollar down.” Why? In a word: debt. At the time, our debt stood at $7 trillion, with interest payments in…
6Aug2008 | The Penny Sleuth | 0 comments | ContinuedU.S. Energy Prices and the Declining Dollar
On the energy front, we’ve seen several days of declining prices. Oil has led the way, falling from about $146 to $126. Coal and natural gas sold down, as well, as did many energy companies and service firms.
So we’ve seen…
25Jul2008 | Energy and Oil | 0 comments | ContinuedProblems with the Euro
You’re on Eurown
In the last year, the euro has decisively outperformed the dollar and the pound. Some commentators have argued that this means that the euro is the currency of the future, and that the dollar has been relegated to…
25Jul2008 | Whiskey and Gunpowder | 0 comments | ContinuedSovereign Wealth Funds Reducing Exposure to U.S. Dollar
State-run sovereign wealth funds are diversifying away from the U.S. dollar, as well as dollar denominated assets, at an unheralded pace, as the greenback’s protracted declined undermines the credibility of U.S. policymakers.
The Financial Times reported yesterday (Thursday) that one large, unnamed Gulf…
18Jul2008 | Money Morning | 1 comment | ContinuedTwo Profit Plays to Make as the Fed Inflates the Commodities Bubble
U.S. Federal Reserve Chairman Ben S. Bernanke ignored the warnings of most economists last week, and kept the benchmark Federal Funds rate at 2%, far below the actual rate of inflation.
As a result of this non-move, investors can probably…
2Jul2008 | Money Morning | 0 comments | ContinuedCurrency Intervention Won’t Halt the U.S. Dollar’s Nosedive
Last week the U.S. Federal Reserve moved one step closer to acknowledging reality.
Unfortunately, it didn’t let that admission move it from a policy course firmly guided by fantasy - meaning the central bank opted to stand pat on interest…
2Jul2008 | Money Morning | 0 comments | ContinuedWaiting for the Fed’s Decision, Statement
Economists and investors wait with bated breath for the U.S. Federal Reserve to release the statement from the Federal Open Market Committee this afternoon (Wednesday) at 2:15 p.m. EDT.
While it is almost universally expected that the FOMC will vote…
25Jun2008 | Money Morning | 0 comments | ContinuedThe Fed’s “Strong Dollar Policy” Actually Isn’t so Strong
Ever since Robert Rubin began the tradition in the mid-1990s, it has been a significant element of the U.S. treasury secretary’s job to continuously state that a strong dollar is in the national interest. It is widely regarded that such…
11Jun2008 | Money Morning | 0 comments | ContinuedOil “Bulls” its Way Above $139 on its Way to a New Record as the U.S. Dollar Resumes its Descent
Crude oil for July delivery traded at an all-time high of $139.12 a barrel on the New York Mercantile Exchange today (Friday), after the U.S. dollar nosedived on speculation that the European Central Bank would raise its key lending rate…
7Jun2008 | Money Morning | 0 comments | Continued-
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