All Posts Tagged With: "dollar"
Resources Hit the Dog Days
Oil is selling in the range of $113 per barrel, down from its recent high of $146. Gold is selling below $800 per ounce, down significantly from its springtime high of over $1,000. With a drop in excess of 20…
27Aug2008 | Whiskey and Gunpowder | 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 | 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 | 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 Anti-Dollar
Oil has become the “anti-dollar” of modern times. Oil is now serving as the source of global monetary discipline that gold used to perform.
Oil is the energy life-blood of all modern economies. So when a nation debauches its currency, the…
21Jun2008 | Whiskey and Gunpowder | 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 | ContinuedA Currency Conundrum: Beware of the U.S. Dollar’s “Head Fake” Rally
Don’t mistake the U.S. dollar’s recent rally for strength. If anything, it’s a head fake of legendary proportions.
In fact, the dollar’s recent run-up is actually a warning that risks are escalating.
To better understand what I mean here, let’s look at…
8May2008 | Money Morning | 0 comments | ContinuedDollar Reversal: Prepare for oil and gold prices to drop this week!
Net shorts on a decline in the euro came in at 21,315 on April 29 — compared with net longs of 18,907 a week earlier, according to the Commodity Futures Trading Commission (CFTC). Currency strategists now expect the dollar reversal…
5May2008 | J. Christoph Amberger | 0 comments | Continued-
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