Government and Banking, who rules? - October 31, 2008 9:05

The events of the last two weeks have presented enormous ‘moral’ hazards for governments and the banking industry. When we call them moral hazards we are not talking about biblical morality, but the principles behind government [Democracy] and banking [Profit and Prudence].

Why the Indian market buys gold when the price is falling. - October 30, 2008 9:49

The short response to such a question is that they aren’t. They are buying gold in Rupees, whose price has been stable as the gold price fell in the U.S. $. Because the Rupee is falling, gold has appeared to hold steady in the Rupee. Because Indians see the Rupee as a problem there is […]

Fed rate cut widely expected - October 29, 2008 10:42

The Dow managed to gain a ho-hum 890 points on Tuesday (October 28), the second largest point gain for the index this month, and also, by the way, ever. Most analysts agreed there really was very little news on Tuesday to drive such again. It was simply a matter of the same momentum buying that […]

When Inflation Erupts, Gold Will Take Off - October 23, 2008 12:48

Expect short-term hesitancy in the upward movement of the gold price until liquidity returns to the markets, says Frank Holmes, CEO and chief investment officer at U. S. Global Investors and co-author of the new book “The Goldwatcher: Demystifying Gold Investing” (John Wiley & Sons). In this exclusive interview with The Gold Report, he predicts […]

A tale of two companies: Yahoo and Apple - October 22, 2008 9:40

Yahoo and Apple both reported quarterly earnings on Tuesday (October 21). The results were quite opposite for the tech bell weathers. Yahoo announced a 64 per cent third quarter profit drop and said it was set to let go 1,500 workers in lieu of the struggling economy. Many analysts and investors in the search engine […]

Flat consumer prices suggest easing inflation - October 17, 2008 8:44

Many of the most pessimistic analysts have expressed concern about the Fed’s move back to a rate cut philosophy given the ongoing price and inflation challenges. The Fed had been on hold with rate cuts for a while after a strong series of cuts in late 2007 and the first half of 2008 that brought […]

Gold Bounces from $830 - October 16, 2008 15:10

THE SPOT PRICE of GOLD BULLION twice bounced off $830 an ounce early Thursday – the floor set five times already this week – as world equity prices sank yet again.Hurricane Omar strengthened to category 3 in the Caribbean, but the price of crude oil sank to a fresh 14-month low below $73 per barrel.

US Government dives into credit markets - October 15, 2008 9:55

The US government has made its move into the credit market. It is kind of ironic that the world’s most free enterprise economy, under the direction of a “less” government republican president, has made its first move into government-funded credit.

Oil prices, gas prices and dollar offer some silver lining - October 10, 2008 9:14

It is hard for many American investors and consumers to find hope in a dark and dreary economic environment, but a 12-month low Thursday (October 9) in oil prices and a surging dollar offer some. Finding something positive is important on a day when the Dow Jones reached its low mark since 2003, with a […]