Oil closes above $65

May 29, 2009 | Comments Off

Crude oil reached a new high price point for 2009 after clearing $65 per barrel. A combination of news that OPEC was maintaining production levels and data suggesting more hope for the US economy helped spark a $1.63 gain as trade on the New York Mercantile settled at $65.08. Read more

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Fading dollar loses steam against Yen

May 27, 2009 | Comments Off

The dollar has become so weak again that it has begun to fade even against the lowly Yen. The greenback and the Japanese currency seem to be effectively fighting for the label of least desirable currency at the moment. One dollar is currently (May 26) netting 95.40 Yen. Read more

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Euro closes in on $1.40

May 22, 2009 | Comments Off

So much for the sub-$1.00 Euro that some forecasters were calling for at the start of 2009. One Euro is now back to the level it started at as the New Year kicked off, with a value of $1.3933 currently (May 21). Read more

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Gold quietly moving toward $1,000 again

May 20, 2009 | Comments Off

As the dollar has faltered recently, gold speculators have been among the winners of this financial trend. Along with several major currencies, including the Pound and Euro, gold rates have trended higher since mid-to-late April as the Fed maintains a zero per cent funds rate, and the economy remains sluggish. Read more

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Wal-mart struggles sign of economic recovery?

May 15, 2009 | Comments Off

This week has been known as the retail earnings reports week on Wall Street as many top retailers have reported earnings already this week. With a mixed bag of earnings and compiled data still showing struggles in retail sales, it is tough to figure out what direction retailers are providing for the economy and investors. Read more

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Oil back near $60 per barrel

May 13, 2009 | Comments Off

In the midst of rising global stock markets, and a falling dollar, oil prices have surged to sit near $60 per barrel, with a close Tuesday (May 12) at $59.59. The dollar has fallen to its lowest mark in nearly four months thanks to the rising global picture and continued concerns about the United State fiscal economy. Read more

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Wells Fargo shines in fluctuating credit sector

May 8, 2009 | Comments Off

No bank stock has epitomized the two month rally in the financial sector like Wells Fargo. Sure, Citi has quadrupled in share price, but now sits at $4.11. AIG has double its value for its shareholders in the last few weeks alone, as has Heartland Financial, and several other banks have posted strong gains as well. Read more

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Gold Caught Between “Recovery-itis” & Safe-Haven Demand

May 6, 2009 | Comments Off

THE SPOT PRICE of Gold rose early Wednesday in Asia and London, recording a morning Gold Fix of $903.50 an ounce as emerging-world stock markets rose yet again, adding 41% from March’s low. Read more

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