A strong early dive in oil prices helped drive a 250 point surge in the Dow on Tuesday (September 2). Oil dropped sharply to a low of $105.46 per barrel early in the day based on reports that the Gulf Cost oil refineries were largely spared as Hurricane Gustav swept through the southeast part of the US. The wild swings in oil and stocks were indicative of the treacherous winds and rain dropped by Gustav the Coast. (more…)

The US economy performed much better than anyone had expected during the second quarter of 2008. Thursday’s (August 28) report from the Commerce Department showed a 3.3 per cent annual growth rate increase in the Gross Domestic Product. (more…)

Gold has moved with the € and in the opposite direction to the U.S.$ for months now.The main reason is because U.S. Investors have linked the performance of the $ to the € as a true reflection of the $ currency value.Of course this implies that the € is the defining currency against which to measure the performance of the $.But is that even reasonable? We think not. (more…)