Euro and pound gaining legs - July 21, 2009 9:51

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 [...]

Bank struggles over? - July 17, 2009 14:53

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 [...]

Swiss-Bank Gold Vaults “Room Out of Room” - July 17, 2009 9:02

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.

Economic reality check brings oil back near $60 - July 8, 2009 9:14

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.

What to do with gold - July 1, 2009 14:23

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 [...]