US economy doing better than expected

August 29, 2008 | Leave a Comment

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. Read more

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Is Gold about to decouple

August 28, 2008 | Leave a Comment

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. Read more

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Operation Melt Down, Part I

August 28, 2008 | Leave a Comment

FIFTY YEARS AGO – just as the fictional 007 was thwarting Auric Goldfinger’s plan to empty Fort Knox and take America’s gold to Soviet Moscow – the US Treasury feared a very genuine loss of its real gold reserves. Read more

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Second quarter bad for US banks

August 27, 2008 | Leave a Comment

A new report Tuesday (August 26) shows that US banks suffered through one of their worst quarters in history during the second economic quarter of 2008. According to the Federal Deposit Insurance Corporation (FDIC), there were an incredible 117 banks that it considers to have been in “trouble” during the second quarter. This was up from the 90 that were noted during the first quarter, and signifies the largest number of banks listed by the FDIC since mid-2003. Read more

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Oil slide over?

August 22, 2008 | Leave a Comment

A sudden move back up in oil this week has already prompted analysts, speculators and consumers to wonder if the month-long oil and gasoline price slide is over, or if this week’s change is simply a correction to the downward trend. Read more

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Poor retail, rising wholesale prices prompt inflation concerns

August 20, 2008 | Leave a Comment

July wholesale data shows that inflation concerns are still fresh and should be at the top of the list of current economic concerns. Tuesday’s (August 19) announcement showed wholesale prices climbed 1.2 per cent during July, which was well over the ½ per cent estimates that had been forecasted. Read more

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Gold: Cheap as Chips…?

August 18, 2008 | Leave a Comment

THE SHARP DROP in world gold prices starting in late July knocked the cost of physical metal more than 20% off its record top of mid-March at last week’s low point. Read more

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Dollar making move as oil slides farther

August 13, 2008 | Leave a Comment

The dollar has been making a strong move in recent weeks after holding firm for several months in light of ongoing financial concern. There has been little fanfare surrounding the gradual improvement over time in the greenback thanks largely to continued focus on other aspects of the economy. Credit, housing, retail, and unemployment have been among the focal points as the dollar has quietly improved. Read more

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