Author Archive
LiveWire Economics Blog - May 13, 2009 15:27
Oil back near $60 per barrel
In the midst of rising global stock markets, and a falling dollar, oil prices have surged to sit near $60 per barrel, with a close Tuesday (May 12) at $59.59. The dollar has fallen to its lowest mark in nearly four months thanks to the rising global picture and continued concerns about the United State […]
Wells Fargo shines in fluctuating credit sector
No bank stock has epitomized the two month rally in the financial sector like Wells Fargo. Sure, Citi has quadrupled in share price, but now sits at $4.11. AIG has double its value for its shareholders in the last few weeks alone, as has Heartland Financial, and several other banks have posted strong gains as […]
Gold Caught Between “Recovery-itis” & Safe-Haven Demand
THE SPOT PRICE of Gold rose early Wednesday in Asia and London, recording a morning Gold Fix of $903.50 an ounce as emerging-world stock markets rose yet again, adding 41% from March’s low.
Don’t cry for them – Exxon
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
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
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
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?
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
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?
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.
Most Popular Content
- Copper Finds Its Footing as Market Sentiment Improves
- S&P 500 Grinds Higher as Rate Cut Hopes Simmer
- Bitcoin Holds Near $120K as 401(k) Buzz Meets Inflation Jitters
- Pound Climbs on BoE Cut and Dovish Signals
- Gold Soars on Tariff Shock as Copper Holds Steady
- Markets Wobble After Highs as Fed Holds Steady and Earnings Send Mixed Signals
- Copper Prices Drift in the Wake of a Surprise Tariff Shock
- Gold Prices Retreat from Highs Amid Easing Geopolitical Tensions