Posts Tagged ‘war’
Gold and Oil News - September 3, 2013 18:59
Last week we were assured by U.S. Secretary of State John Kerry that the U.S. would definitely be going to war with Syria over the alleged use of chemical weapons by the Assad Government.Â That pushed gold above the June high at $1423 briefly before cooler heads — and the doves in the U.K. House […]
Friday’s waterfall European close in gold was nothing more than options expiration take-painting.Â And, while gold had a perfect setup this month to assault $1800 and push through to $1850, that setup looks to have failed spectacularly.Â After a weak open in Sydney last night Gold strengthened coming into the COMEX session and dollar by […]
The confidence levels amongst US consumers have risen to a five month high in the US today. Markets are becoming increasingly confident that that the recovery is nicely underway and will continue into 2011. The Institue for Supply Management-Chicago has also said that its business confidence gauge advanced to its highest level since April.The holiday […]
The EU governments â‚¬85bn package has as expected failed to ease growing concern over the rest of Europe’s finances. The Euro’s stock, bond and currency markets all attest to this and will undoubtedly continue to suffer this week. Eurpoean stock markets have fallen 2% today as traders are becoming increasingly risk averse. The effect of […]
The Dow is down 1.2% and the FTSE is down 1.75% in trade today. The markets continue to decline due to nervousness in the markets caused by the clash between North and South Korea earlier today and the continued fear of the debt drisis spreading throughout Europe.