Tech stocks show signs of life

July 22, 2009 | Comments Off

Two technology stalwarts boosted hopes of investors on Tuesday (July 21) with positive earnings reports. Yahoo said it was able to generate an eight per cent profit gain for its second quarter even in the midst of a sluggish ad sales environment. Meanwhile, Apple followed iPhone and laptops to a 15 per cent profit rise. Read more

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Euro and pound gaining legs

July 21, 2009 | Comments Off

After taking brief dips against the dollar, the major European currencies have surged again in the last week. The Euro has bounced firmly after dropping to just below $1.40 on July 15th. One Euro is currently (July 20th) worth $1.4207, after trading near $1.425 earlier in Monday trade. The British Pound now fetches $1.6504 after an earlier high of $1.6555 in Asian trade. The Pound has shown a similar bounce to the Euro, but it started to gain ground after touching down near $1.625 on the 17th. Read more

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Bank struggles over?

July 17, 2009 | Comments Off

It might be a stretch say that the finance and credit sectors are completely out of the troubled economic woods at this point, but two strong earnings reports Wednesday morning surprised the market. Citigroup and Bank of America both impressed – Citi with the fact that it earned a profit, and BoA because of the size of its earnings. Read more

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Swiss-Bank Gold Vaults “Room Out of Room”

July 17, 2009 | Comments Off

THE PRICE OF GOLD slipped 0.7% early in New York on Thursday, repeating an earlier drop to $935 after gaining $30 an ounce so far this week. Read more

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Economic reality check brings oil back near $60

July 8, 2009 | Comments Off

As economic data continues to validate the notion that the recovery will take time to develop and play out, speculators that had begun to jump back into the oil market are starting to back off. Oil has quickly dropped toward the $60 level after reaching near $75 late in June. Read more

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What to do with gold

July 1, 2009 | Comments Off

Just as the stock market has been stuck in the mid-8,000 range over the past few weeks, the gold spot rate has been hanging around the $930 per ounce price point for a while. Despite a couple modest swings, gold has traded in a very narrow range between $920 and $940 since it dropped significantly from around $955 on June 11th to below $930 on June 15th. Read more

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