SubscribeAll Posts Tagged With: "dollar bill"
Gold Makes Triple Digit Moves, Global Currencies Decline
As countries around the world with unwanted strong currencies move to cheapen them by printing more money, slashing interest rates, or just "talking" them down, investors are left with a key question: Just what are those strong currencies declining against?
If your answer is "against the currencies of their main trading partners," you are partly correct. But those declines are only temporary. If strong-currency countries are successful in their devaluation efforts, then their counterpart countries – their trading partners who don’t want their own currencies to go too high – will at some point launch a similar devaluation initiative.
It has…
24Jun2009 | Money Morning | 1 comment | 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 quite a tumble, led by declining oil. But then again, oil had quite a run-up. I’ve said before that oil was climbing too far, too fast. And over the past few weeks, oil tested the $150 mark. But like Gen. Pickett at Gettysburg, this charge to $150 failed.
What seems pretty clear is that at $140, a lot of things in…
25Jul2008 | Energy and Oil | Comments Off | Continued
Loading ...
