Euro closes in on $1.40 - May 22, 2009 10:09

So much for the sub-$1.00 Euro that some forecasters were calling for at the start of 2009. One Euro is now back to the level it started at as the New Year kicked off, with a value of $1.3933 currently (May 21).

Gold quietly moving toward $1,000 again - May 20, 2009 14:01

As the dollar has faltered recently, gold speculators have been among the winners of this financial trend. Along with several major currencies, including the Pound and Euro, gold rates have trended higher since mid-to-late April as the Fed maintains a zero per cent funds rate, and the economy remains sluggish.

Wal-mart struggles sign of economic recovery? - May 15, 2009 7:38

This week has been known as the retail earnings reports week on Wall Street as many top retailers have reported earnings already this week. With a mixed bag of earnings and compiled data still showing struggles in retail sales, it is tough to figure out what direction retailers are providing for the economy and investors.

Oil back near $60 per barrel - May 13, 2009 15:27

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 - May 8, 2009 14:16

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 - May 6, 2009 14:14

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 - 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 […]