Gold Dips as Oil Falls - July 17, 2008 13:35

Gold Dips as Oil Falls, Stocks Rally; Inflation “Won’t Fall” in Recession, Warns European Central Bank. SPOT GOLD PRICES fell back at lunchtime in London on Thursday, slipping 0.7% towards this week’s low of $955 per ounce as Western stock markets continued to rally on falling oil prices.

Inflation concerns mount - July 16, 2008 9:25

Investors have gained renewed enthusiasm for their concerns about a continued slump in the economy. Despite a 25 per cent rise in Intel’s second quarter earnings and a drop in oil prices, the Dow gained downward momentum Tuesday (July 15) dropping below 11,000, to a close of 10,962. This is over 3,000 points below the […]

Fly Away - July 15, 2008 10:29

AFTER TWENTY-FIVE YEARS of booming asset markets, it’s getting hard to keep hold of your money, let alone grow it.

The Weekly Report - July 14, 2008 8:58

Welcome to the Weekly Report. Normally at An Occasional Letter From The Collection Agency we try to focus attention on the macro-economic near term effects using the Weekly Report, allowing the Occasional Letter to look further into the future by about 18-24 months. We have reached a stage now where it is becoming difficult to […]

Middle East tension limits oil price decline - July 11, 2008 8:37

Thursday (July 10) was another in a long run of recent trading days that shows just how much downward price resistance is in the way of crude oil. Following another recent dip, which pushed the commodity down to $135, light sweet crude oil speculators pushed oil futures back up over $140 with a $5 gain […]

Fed cracks down on home lending - July 9, 2008 8:57

Tuesday (July 8), Federal Reserve Chairman Ben Bernanke finally shared some of the details about new Fed plans to crackdown on some of the deceptive and unethical home lending practices that most believe have contributed to the housing and credit mess. Largely a response to demand from Americans and law makers, the Fed wants to […]

The weekly report - July 7, 2008 19:32

Welcome to the weekly report. This week we look at the Bank for International Settlements (BIS) latest utterances and look at the chart of a hedge Fund showing unusual price action. We start with a look at some “suggestions” made by the BIS in its 78th annual report. This is probably the most important global […]

World Gold Charts - July 7, 2008 13:11

BACK IN 1969 the International Monetary Fund (IMF) created a new kind of money – the ultimate form of international money, it believed – called the Special Drawing Right.

Gold climbs on weak dollar - July 4, 2008 13:54

Gold has been on the rise in recent days and weeks, as the dollar has softened. Similar to oil, gold is a commodity that tends to move inversely with the dollar during uncertain economic times. Earlier in 2008, the gold spot rate soared to a record near $1,020 per ounce, its highest point since the […]