Gold “Stuck” with Bonds

April 30, 2009 | Comments Off

GOLD was driven sharply lower at Thursday morning’s Gold Fix in London, dropping 1.2% to a one-week low of $889 per ounce as world stock markets continued to rise. Read more

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Dollar turned back at 100 yen

April 29, 2009 | Comments Off

The dollar seemed on the fast track to cruise past 100 yen and beyond recently. During the six week long stock market rally, the dollar surge to a high point of 101 yen on April 6th. However, as the Dow has flattened and held above 8,000 the last couple weeks, the dollar’s momentum against its Japanese counterpart has waned. Read more

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The Trend May Not Be Your Friend

April 21, 2009 | Comments Off

Two weeks ago I presented my thoughts on the current economic situation at my 6th Annual Strategic Investment Conference in La Jolla (co-hosted with Altegris Investments). Read more

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Is the gold rush over?

April 17, 2009 | Comments Off

Since 2000, gold has been one of the most consistent and high performing investments in the financial investment arena. The shiny natural resource has returned profit at an annual rate of return around 16 per cent during the last eight years. However, after setting a new all-time high at $1,020 per ounce early in 2008, gold has become somewhat stale. This has become especially apparent of late as investors have become more interested in moving back into more risky investments, including stocks. Read more

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Americans to find driving cheap this summer

April 15, 2009 | Comments Off

Tuesday (April 14) brought a dose of reality to the economy as retail sales were surprisingly sluggish. President Obama also reminded Americans who have been growing more hopeful, that we are not out of danger yet. On a more positive note, though, forecasts for gasoline prices over the busy summer driving season show a tremendous savings over last summer when gasoline peaked at $4.115 per gallon during July. Read more

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Where did all money go – Wells Fargo?

April 11, 2009 | Comments Off

The answer has come in as to what happened to all the money that has been missing from the banking and credit sector. With banks and lenders dropping off radar and facing bankruptcy or company break-ups (see AIG), Wells Fargo has apparently been hoarding all the business and customer. Read more

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Mortgage rates look to settle below 5 per cent

April 8, 2009 | Comments Off

A few times in the last several months, rates on 30-year conventional fixed mortgages have flirted with the sub-5 per cent level. Finally, after a few brief drops below this historic level, and subsequent bounces, rates seem content to hold the line at amazingly low rates. Read more

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Gold stalls as economic hopes stabilize financial markets

April 3, 2009 | Comments Off

The price have gold has moved little in the last few months as investors await signs of a return to normalcy for global economies. The safe money investment, gold has been sitting in the $900 to $975 per ounce price range for the last two months. The current spot rate is $907 per ounce. Read more

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