Gold Rises as Stock Markets Tumble - September 16, 2008 13:09

SPOT GOLD PRICES recovered an early 2.1% tumble on Tuesday, rising above $780 an ounce as Japan’s Nikkei stock index closed almost 5% lower after Tokyo traders got back to work following a public holiday on Monday.

Gold Spikes as Wall Street’s “Fire Break” Fails to Hold - September 15, 2008 14:07

SPOT GOLD PRICES jumped 2.6% at the Asian opening on Monday but drifted back to $770 an ounce as world stock markets sank and money fled into government bonds following the overnight demise of two Wall Street giants.

Dollar remains strong - September 12, 2008 10:34

The dollar continues to post impressive gains against its European counterparts, most notably the 15-nation Euro, and the British Pound. One Euro is currently (September 11) worth $1.3994, after dipping below $1.40 for the first time in several months Wednesday. The Pound has actually recovered a bit in 24 hours against the greenback, but is […]

Trying to Pump Up What’s Busted - September 10, 2008 19:09

EVIL DAYS indeed. Scared and scarred by losses in all other assets, the world’s wealth suddenly wants to sit in the safety of US Dollars and US Treasury bonds.

US Government bails out Fannie and Freddie - September 10, 2008 8:30

Huge news in the credit markets came this past weekend, as the US government took over failing mortgage finance companies, Fannie Mae and Freddie Mac. The government takeover ended months of speculation amid concerns that failure of the two mortgage giants could have a catastrophic impact on already struggling credit and housing markets.

Gold Whipped by Fannie, Freddie Nationalization - September 8, 2008 13:29

THE SPOT PRICE OF GOLD whipped violently in Asian trade on Monday, shooting 1.8% higher after the US government nationalized the massive Freddie Max and Fannie Mae mortgage lenders, before giving back $10 of that move to trade at $808 an ounce by lunchtime in London.

Oil swings drive wild day - September 3, 2008 9:29

A strong early dive in oil prices helped drive a 250 point surge in the Dow on Tuesday (September 2). Oil dropped sharply to a low of $105.46 per barrel early in the day based on reports that the Gulf Cost oil refineries were largely spared as Hurricane Gustav swept through the southeast part of […]

US economy doing better than expected - August 29, 2008 11:43

The US economy performed much better than anyone had expected during the second quarter of 2008. Thursday’s (August 28) report from the Commerce Department showed a 3.3 per cent annual growth rate increase in the Gross Domestic Product.

Is Gold about to decouple - August 28, 2008 11:26

Gold has moved with the € and in the opposite direction to the U.S.$ for months now.The main reason is because U.S. Investors have linked the performance of the $ to the € as a true reflection of the $ currency value.Of course this implies that the € is the defining currency against which to […]