Oil nears $50 per barrel - March 13, 2009 13:51

With some modest signs of economic life and with a third consecutive day of stock gains that have pushed the Dow higher by over 600 points since Monday, crude oil prices are on the rise. Light sweet crude futures contracts for April delivery climbed $4.70 on Thursday to settle at $47.03 per barrel in New […]

Tuesday’s stock market may offer reasons to buy - March 11, 2009 13:14

One of the common adages of investing is that market tops are developments and market bottoms are events. If Tuesday’s nearly 6 per cent Dow spike and 7 per cent NASDAQ climbs are any indication, the “big event” may have occurred Monday when the Dow dropped to 6,547. But was it really the bottom?

Hope Now: Once More, with Feeling - March 7, 2009 11:45

“Any house bought for ‘No Money Down’ should become a no money home, a free gift to the debtor. How’s that for putting a floor under prices…?”

US automakers back in the news - March 6, 2009 11:00

General Motors and leading banks sent another major ripple through US equities Thursday. GM warned of a possible bankruptcy which was not welcomed news given that the company has already received a significant amount of bailout funding. The company says that it is burning through cash so quickly that it might not be able to […]

Gold Bounces as Stocks, Oil & Euro Show Strong Correlation - March 4, 2009 16:10

THE SPOT PRICE of physical gold rose Wednesday lunchtime in London, cutting yesterday’s 2.6% loss in half as world stock markets also bounced hard.

Dollar gaining on Euro and Pound - March 4, 2009 10:36

The dollar has made a surge against the Euro and Pound, along with several other major currencies, in the last few days. Even as the Dow fell sharply below 7,000 points, closing at 6,726 Tuesday (March 3), the dollar remains poised to break through near-term highs against its European counterparts.

Higher oil raises fuel prices - February 27, 2009 9:37

Oil spiked Thursday (February 26) for the second day in a row. After reaching a near-term low in the low $30 range last week, oil has climbed to $45.22 per barrel as of the close of New York trade. This was the second consecutive day of strong gains for crude after reports showed demand for […]

Gold Slips Again as Global Stocks Bounce - February 26, 2009 20:34

THE PRICE OF PHYSICAL GOLD slipped further in Asia and London on Thursday, dropping to a two-week low beneath $940 an ounce as world stock markets rose for the second time in 13 sessions.

Gold Slips from $1,000 - February 23, 2009 15:54

THE SPOT PRICE of physical gold slipped to $980 an ounce early Monday, dropping 2.5% from Friday’s peak above $1,000 as world stock markets crept higher for the first time in 10 sessions.