World Gold Charts - July 7, 2008 13:11

BACK IN 1969 the International Monetary Fund (IMF) created a new kind of money – the ultimate form of international money, it believed – called the Special Drawing Right.

Gold climbs on weak dollar - July 4, 2008 13:54

Gold has been on the rise in recent days and weeks, as the dollar has softened. Similar to oil, gold is a commodity that tends to move inversely with the dollar during uncertain economic times. Earlier in 2008, the gold spot rate soared to a record near $1,020 per ounce, its highest point since the […]

Dollar falls under oil pressure - July 2, 2008 9:17

The dollar, which had remained relatively firm for several weeks despite mounting pressure from rising oil and gas prices, has succumbed a bit to start the new week of currency speculation.  After clearing 108 yen last week, the dollar currently (July 1) nets just below 106 yen.  The dollar is also worth just 1.0179 Swiss […]

The weekly report - June 30, 2008 10:40

Welcome to the Weekly Report. This week we get so bearish that even I worry that my personal sentiment indicator may have reached an extreme. We tie up some loose ends and recap Citigroup.

Too Late to Buy Gold? - June 27, 2008 21:18

It’s hard to be bullish on gold when there’s so much bad news in the world. After all, Gold offers a refuge against bad times ahead. Like all good insurance, it’s best bought before trouble arrives – not during or after.

Oil spikes on OPEC comments - June 27, 2008 9:13

Oil spiked to $140 on comments from the Organization of Petroleum Exporting Countries (OPEC) President Chakib Khelil. Khelil said Thursday (June 26) that crude oil could rise to $150-$170 per barrel this summer. His comments, coupled with reports that major exporter Libya is set to cut production, sent light sweet crude futures soaring past $140 […]

home price data suggests worse to come - June 25, 2008 12:27

It has been an up and down second quarter in the US housing market. Data has been mixed at times, with some data suggesting reason to hope for a late 2008 turnaround, and other data hinting that more trouble could be on the horizon. Tuesday (June 24), both government and private home price indices indicated […]

The Weekly Report - June 23, 2008 15:54

This week I want to aim the article at those who normally do not frequent financial bulletin boards or sites. You, the reader, need to help me in this cause. People who read financial BB’s are already interested and to some extent (though not always) informed about how certain economic conditions occur and can hold […]

China announces fuel price increase - June 20, 2008 10:31

Light sweet crude oil future dropped sharply in New York trade Thursday (June 19) following an announcement from China that it was going to hike fuel prices 16-18 per cent. This news is expected to slow demand in the nation that has been leading the way in oil use this year thanks to earthquake reconstruction […]