Don’t cry for them – Exxon - May 1, 2009 9:37

Big oil companies like Exxon Mobil and Marathon Oil are likely among those most appreciative that sectors of the economy, like the car industry, have dominated news in recent months. While the Big 3 automakers have come under fire for poor corporate management, credit problems, and use of bailout funds, Exxon and others are basking […]

Gold “Stuck” with Bonds - April 30, 2009 14:01

GOLD was driven sharply lower at Thursday morning’s Gold Fix in London, dropping 1.2% to a one-week low of $889 per ounce as world stock markets continued to rise.

Dollar turned back at 100 yen - April 29, 2009 8:09

The dollar seemed on the fast track to cruise past 100 yen and beyond recently. During the six week long stock market rally, the dollar surge to a high point of 101 yen on April 6th. However, as the Dow has flattened and held above 8,000 the last couple weeks, the dollar’s momentum against its […]

The Trend May Not Be Your Friend - April 21, 2009 11:41

Two weeks ago I presented my thoughts on the current economic situation at my 6th Annual Strategic Investment Conference in La Jolla (co-hosted with Altegris Investments).

Is the gold rush over? - April 17, 2009 9:56

Since 2000, gold has been one of the most consistent and high performing investments in the financial investment arena. The shiny natural resource has returned profit at an annual rate of return around 16 per cent during the last eight years. However, after setting a new all-time high at $1,020 per ounce early in 2008, […]

Americans to find driving cheap this summer - April 15, 2009 9:04

Tuesday (April 14) brought a dose of reality to the economy as retail sales were surprisingly sluggish. President Obama also reminded Americans who have been growing more hopeful, that we are not out of danger yet. On a more positive note, though, forecasts for gasoline prices over the busy summer driving season show a tremendous […]

Where did all money go – Wells Fargo? - April 11, 2009 15:53

The answer has come in as to what happened to all the money that has been missing from the banking and credit sector. With banks and lenders dropping off radar and facing bankruptcy or company break-ups (see AIG), Wells Fargo has apparently been hoarding all the business and customer.

Mortgage rates look to settle below 5 per cent - April 8, 2009 8:29

A few times in the last several months, rates on 30-year conventional fixed mortgages have flirted with the sub-5 per cent level. Finally, after a few brief drops below this historic level, and subsequent bounces, rates seem content to hold the line at amazingly low rates.

Gold stalls as economic hopes stabilize financial markets - April 3, 2009 8:26

The price have gold has moved little in the last few months as investors await signs of a return to normalcy for global economies. The safe money investment, gold has been sitting in the $900 to $975 per ounce price range for the last two months. The current spot rate is $907 per ounce.