Gold up, Euro down - January 26, 2009 18:15

Gold rose for the eighth consecutive year against the dollar in 2008. Thanks to an unstable economy and a zero per cent interest-rate policy established by the Fed following several rate cuts during the year, more and more speculators turned to the safe money bet (gold) in exchange for dollars.

Tech saves stocks from retail woe - January 26, 2009 18:14

With retailers continuing to struggle through the holiday season and into the New Year, investors have recently begun placing their bets that technology stocks may help hold the market from more steep declines. Circuit City’s announcement that it was closing its remaining 567 stores in the US and liquidating was good news for some of […]

Plans for $350 billion in bailout money - January 14, 2009 13:10

The last days of the Bush Administration are not going quietly, even though President Bush is looking to incoming President Barack Obama to dictate some key moves. In particular, Bush sought direction for his successor on the next step in the process for stimulating the economy using the remaining $350 billion of government bailout money.

Gold Falls Through “Major Support” - January 12, 2009 14:44

THE PRICE OF GOLD sank ahead of the US opening on Monday, dropping $20 in 20 minutes of London trade to bounce off $825 an ounce.

Pending home sales fall in November - January 7, 2009 15:32

Tuesday (January 6) brought a barrage of important economic news. It was a mixed bag as Americans and investors watched for signs of a potential 2009 economic rebound. The reading of the Fed minutes that led to the ¾ point rate cut in December was a big concern. It indicated that 2009 could see a […]

Gold Slips on Dollar Bounce - January 6, 2009 15:00

THE PRICE OF GOLD fell further in London on Tuesday morning, sliding 2.2% from Monday’s US close to hit $840 an ounce – its lowest Dollar-level since Christmas Eve.

Euro dips as 2009 expectations weaken - January 2, 2009 14:17

The Euro slid back below $1.40 in New Year’s Day trade as some analysts predict a dramatic slump for the European Union currency in 2009. Italy has announced that it may look to get out of its tie to the Euro as its currency of use if regulations continue that restrict the country’s control over […]

Gold Ends 2008 Higher for US - December 31, 2008 14:54

THE PRICE OF GOLD BULLION slipped into the New Year’s shutdown on Wednesday, ending 2008 a little shy of 3% above the close of 2007 for US investors at $865 an ounce.

New Year’s resolutions for US economy - December 31, 2008 10:44

As the calendar ticks toward the end of another year, many economists and financial analysts are already debating what is to come for the US economy in 2009. Some predict more despair and a deepening recession. Other more optimistic prophesiers have suggested housing, credit and other sour sectors could rebound in the latter part of […]