Investors not excited for O’Bama presidency

November 7, 2008 | Comments Off

There has perhaps never been a more profound and emotional response to a presidential election in US history. It was estimated that over 200,000 people showed up at Chicago’s Grant Park for President O’Bama’s acceptance speech. New voter turnout hit a new record. Read more

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Gold Steady as Stocks Sink, UK Slashes Interest Rates to 57-Year Low

November 6, 2008 | Comments Off

THE SPOT MARKET PRICE of Gold held steady in London on Thursday morning, trading just shy of $745 per ounce as world stock markets sank to a one-week low and UK interest rates were slashed to their cheapest level in more than five decades. Read more

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The gold decline at election time

November 5, 2008 | Comments Off

The presidential election held to pre-election polling form on Tuesday (November 4) evening as Barack O’Bama carried all of the states expected and stole a few states won by President Bush in 2004. The election has already impacted investors who were in a hopeful mood leading up to the results on Tuesday. Investors pushed the Dow higher by 305 points on Tuesday. Many experts are anxious to find out how the election results will affect investors. Traditionally, Wall Street has been buoyed by republican victories based on the perception that the conservative party is the pro-business party. Read more

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US Inflation: Like a Hurricane!

November 4, 2008 | Comments Off

“A COUNTRY’S LONG-RUN INFLATION is caused primarily, or perhaps exclusively, by increases in its own monetary base,” wrote Richard G.Anderson – a vice-president and senior economist at the Federal Reserve Bank of St.Louis – in a 2006 paper. Which would mean America is about to get hit by a hurricane of money-blown inflation in the cost of living. Read more

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Government and Banking, who rules?

October 31, 2008 | Comments Off

The events of the last two weeks have presented enormous ‘moral’ hazards for governments and the banking industry. When we call them moral hazards we are not talking about biblical morality, but the principles behind government [Democracy] and banking [Profit and Prudence]. Read more

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Why the Indian market buys gold when the price is falling.

October 30, 2008 | Comments Off

The short response to such a question is that they aren’t. They are buying gold in Rupees, whose price has been stable as the gold price fell in the U.S. $. Because the Rupee is falling, gold has appeared to hold steady in the Rupee. Because Indians see the Rupee as a problem there is even more incentive to buy gold for the security of their daughters as they enter marriage. But in this essay we also look at other currencies where gold has done its job of holding up when local equities have fallen. Read more

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Fed rate cut widely expected

October 29, 2008 | Comments Off

The Dow managed to gain a ho-hum 890 points on Tuesday (October 28), the second largest point gain for the index this month, and also, by the way, ever. Most analysts agreed there really was very little news on Tuesday to drive such again. It was simply a matter of the same momentum buying that has caused the Dow to experience 18 triple-digit moves in its last 20 trading days coming into play. Bargain hunters kicked things off by driving up the blue-chip index nearly 500 points by early afternoon and momentum buying driving it toward 900 points. Read more

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When Inflation Erupts, Gold Will Take Off

October 23, 2008 | Comments Off

Expect short-term hesitancy in the upward movement of the gold price until liquidity returns to the markets, says Frank Holmes, CEO and chief investment officer at U. S. Global Investors and co-author of the new book “The Goldwatcher: Demystifying Gold Investing” (John Wiley & Sons). In this exclusive interview with The Gold Report, he predicts gold will go to $1,000, even $2,000, over the next two years. A growing money supply due to a change in government policies will help lift some juniors out of their misery, too. Holmes advises selective nibbling until conditions improve and names a few companies to consider. Read more

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