Analysts worry dollar in trouble - November 27, 2008 9:43

With more rough economic data hitting Wall Street again Wednesday (November 26), many analysts are beginning to speculate that the dollar may once again be headed for trouble. The greenback has been strong against European currencies and other world currencies in recent months, thanks largely to falling oil prices. However, the reality of the current [...]

Consumer prices, new home construction have record drops - November 19, 2008 15:39

Inflation concerns and growing consumer prices had spent much of the middle part of 2008 tucked just behind a slowing economy in order of Fed concerns. During mid-July, gas prices cleared $4.00 per gallon and consumers were finding staple groceries like milk, eggs, and bread with expensive price tags. In fact, discussion about rate hikes [...]

Gold Investors “Will Buy the Dips” - November 18, 2008 14:23

THE PRICE OF GOLD continued to drift lower in early London trade on Tuesday, holding $10 per ounce below last week’s close while European stock markets lost another 2% and crude oil fell towards fresh 21-month lows.

Wal-Mart: The recession buster - November 14, 2008 14:05

If there is one company that is set up to operate and thrive in one of the worst economic crises in decades, it is Wal-Mart. With economic panic and daily retail losses gripping the market, Wal-Mart calmly came in with a 10 per cent increase in its third quarter earnings over last year’s report.

Oil below $60, gasoline follows suit - November 12, 2008 11:05

Economic data continues to get worse in the US. Consumer spending continues to slow according to surveys and retail sales data. The Federal government is currently working on details of a major new bailout plan designed to help lenders work with struggling homeowners to avoid foreclosures.

Investors not excited for O’Bama presidency - November 7, 2008 10:00

There has perhaps never been a more profound and emotional response to a presidential election in US history. It was estimated that over 200,000 people showed up at Chicago’s Grant Park for President O’Bama’s acceptance speech. New voter turnout hit a new record.

Gold Steady as Stocks Sink, UK Slashes Interest Rates to 57-Year Low - November 6, 2008 13:40

THE SPOT MARKET PRICE of Gold held steady in London on Thursday morning, trading just shy of $745 per ounce as world stock markets sank to a one-week low and UK interest rates were slashed to their cheapest level in more than five decades.