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Silver and Gold
More Than Just A Christmas Carol
Silver and gold, silver and gold
Ev’ryone wishes for silver and gold
How do you measure its worth?
Just by the pleasure it gives here on earth
… or so goes the well-known Christmas carol you’ve probably heard several times already during this holiday season. But aside from the decorations in your home and office, how much gold do you actually own right now in your portfolio?
After all, gold is considerably more valuable than merely "the pleasure it gives here on earth", as you can see from the following 5 x 3 point and figure chart which shows the price…
24Dec2008 | Oxbury Research | 0 comments | ContinuedRetail Sales to Suffer in 2009 as U.S. Consumers Curtail Spending
Retail experts are predicting one of the most dismal holiday shopping seasons in decades this year – a crucial stretch that will set the stage for poor retail sales throughout 2009.
As the U.S. economy decelerates, pummeled by the aftershocks of the worldwide financial crisis, consumers have been hit from every direction: Unemployment has spiked, and will continue to rise, economy unwinds and continues to work through the aftershocks of the global credit crisis, consumers have been beset on all sides. Unemployment is up, home prices are down, and credit is hard to come by.
And although inflation is beginning to moderate somewhat…
28Nov2008 | Money Morning | 0 comments | ContinuedOctober Retail Sales Drop Fastest Pace Ever Heading into Holiday Shopping Season
U.S. retail sales dropped 2.8% in October, the largest monthly drop since the Commerce Department began tallying monthly retail sales in 1992.
The sharp drop in consumer spending is largely the result of mounting job losses – with unemployment filings surging to 516,000 this week – and higher lending standards at banks.
“What you are seeing now is the turmoil in the credit and funding markets playing out into the consumer sector,” Kevin Flanagan, fixed income strategist, global wealth management at Morgan Stanley, told Reuters.
Story continues below…
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Dismal Holiday Shopping Season Holds Little Relief for the U.S. Economy
The usual Christmas rush will hold little relief for retailers and a flagging U.S. economy, as the National Retail Federation (NRF) predicts a lackluster holiday shopping season.
The NRF today (Tuesday) released its estimate for the 2008 holiday shopping season. The largest global retail trade association forecast a scant 2.2% increase to $470.7 billion in end-of-year retail purchases.
“Current financial pressures and a lack of confidence in the economy will force shoppers to be very conservative with their holiday spending,†said NRF Chief Economist Rosalind Wells in a statement. “We expect consumers to be frugal this season and less willing to…
23Sep2008 | Money Morning | 1 comment | Continued
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