France issues gold, silver coins of high face value
Sunday, August 31st, 2008 Posted in Economic News | No Comments »France has decided to issue gold and silver euro coins of high face value, said a communique released by the Post Office of France and the Mint of France Friday.
Big jump in gold sale spurs manipulation talk
Saturday, August 30th, 2008 Posted in Economic News | No Comments »Recent heat from Congress and regulators, along with public speculation, over whether commodity prices are being manipulated has also reached gold pits, where the debate was stirred by a surge in bets last month that gold prices would fall.
[Video] Gold Price Manipulated?
Saturday, August 30th, 2008 Posted in Economic News | No Comments »The recent drop in the price of gold could be due to mass market manipulation, according to a new report. Jill Leyland from World Gold Council and Evy Hambro from BlackRock discuss.
UBS urges clients to buy gold - we already are say investors
Saturday, August 30th, 2008 Posted in Economic News | No Comments »UBS Commodity Strategist John Reade has put out a note today urging clients to "Buy Gold". He is recommending that investors buy gold with an initial target of $850 (the fix on the morning of 28th August was ...
Economy at 60-year low, And it will get worse
Saturday, August 30th, 2008 Posted in Economic News | No Comments »Britain is facing "arguably the worst" economic downturn in 60 years which will be "more profound and long-lasting" than people had expected, Alistair Darling, the chancellor, tells the Guardian today.
Remember we wait for friday 5:00pm for this market crashing news! Integrity Bank Becomes 10th U.S. Failure This Year
Saturday, August 30th, 2008 Posted in Economic News | No Comments »Integrity Bank of Alpharetta, Georgia, was closed by U.S. regulators today, the 10th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Great Depression.
Gold makes glittering comeback
Friday, August 29th, 2008 Posted in Economic News | No Comments »The demand for the metal has skyrocketed to such an extent that imports for the month of August alone are set to cross 100 tonne. Last August, the country imported 69 tonne of gold.
Debt Threatens The Entire System; by Bob Chapman
Friday, August 29th, 2008 Posted in Economic News | No Comments »Russia recognizes breakaway states, US election Race now officially under way,new agendas promised, the Rationale of Caligula revisited, A hundred more American banks set to fail next year, Pardons for traitors
Silver Calls; by David Morgan
Friday, August 29th, 2008 Posted in Economic News | No Comments »Before you dive too far into this missive, let me state this is NOT about call options on silver. I might address that issue at some point in the future, but this week’s commentary is about how I have ...
Dollar Falls Versus Yen on Speculation Consumer Spending Slowed
Thursday, August 28th, 2008 Posted in Economic News | No Comments »Aug. 29 (Bloomberg) The dollar fell against the yen, heading for a second weekly decline, on speculation a government report will show growth in personal spending slowed as home prices fell and fuel costs increased.The greenback also weakened against ...
Russia may cut off oil flow to the West
Thursday, August 28th, 2008 Posted in Economic News | No Comments »Fears are mounting that Russia may restrict oil deliveries to Western Europe over coming days, in response to the threat of EU sanctions and Nato naval actions in the Black Sea. Any such move would be a dramatic escalation ...
Report of US currency rescue plan
Thursday, August 28th, 2008 Posted in Economic News | No Comments »The US, Europe and Japan discussed the possibility of co-ordinated currency intervention to support the dollar during the Bear Stearns crisis in March, according to Japan's Nikkei online.
US welcomes Chinas apparent refusal to back Russian action
Thursday, August 28th, 2008 Posted in Economic News | No Comments »China and four Central Asian nations voiced support Thursday for Russia's "active role" in resolving the conflict in Georgia.
U.S. Economy: GDP Exceeds Initial Estimate on Exports
Thursday, August 28th, 2008 Posted in Economic News | No Comments »this was really due to the lower dollar last quarter! The U.S. economy expanded faster than previously estimated in the second quarter, helped by a surge in exports that will probably wane as Europe and Japan head toward recessions.
MILITARY HELP FOR GEORGIA IS A DECLARATION OF WAR, SAYS MOSCOW IN EXTRAORDINARY WARNING TO THE WEST
Thursday, August 28th, 2008 Posted in Economic News | No Comments »Moscow has issued an extraordinary warning to the West that military assistance to Georgia for use against South Ossetia or Abkhazia would be viewed as a "declaration of war" by Russia.
Worlds Largest Gold Refiner Runs Out of Krugerrands
Thursday, August 28th, 2008 Posted in Economic News | No Comments »Aug. 28 (Bloomberg) Rand Refinery Ltd., the world's largest gold refinery, ran out of South African Krugerrands after an ``unusually large'' order from a buyer in Switzerland.
Hang in There: Frank Barbera on Why Precious Metals May Power to New All-Time Highs in 2009
Wednesday, August 27th, 2008 Posted in Economic News | No Comments »Looking out two or three years, I'm confident we'll see gold prices above $5,000 an ounce. I'm confident we'll see silver prices above $100 an ounce.
Top JP Morgan fund manager say loves gold and platinum market
Wednesday, August 27th, 2008 Posted in Economic News | No Comments »JP Morgan Global Natural Resources Fund manager Ian Henderson says he expects gold to scale new peaks and that platinum demand doubts overdone.
Oil, Natural Gas Evacuations Start as Gustav Advances
Wednesday, August 27th, 2008 Posted in Economic News | No Comments »U.S. oil and natural-gas companies have begun evacuating thousands of offshore workers in the Gulf of Mexico as Tropical Storm Gustav, which may become the costliest hurricane since Katrina, heads toward the region.
NATOs navy delivers weapons to Georgia under the guise of humanitarian aid
Wednesday, August 27th, 2008 Posted in Economic News | No Comments »"The US Navy destroyer USS McFaul, which is currently docked in the Georgian port of Batumi, carries about 50 Tomahawk cruise missiles on board. They are outfitted with nuclear warheads and are meant to hit ground targets. The remaining ...
The Great US Gold Shortage
Wednesday, August 27th, 2008 Posted in Economic News | No Comments »One is that the US government is a lot more concerned about what Russia is now up to than the rest of the market appears to be. Russia knows that it has the US currently on its knees, not ...
FDIC weighs tapping Treasury as funds run low
Wednesday, August 27th, 2008 Posted in Economic News | No Comments »Federal Deposit Insurance Corp. Chairman Sheila Bair said Tuesday her agency might have to borrow money from the Treasury Department to see it through an expected wave of bank failures.
[Video] Hennecke Sees Huge Upside for Gold, Price at $6,000
Tuesday, August 26th, 2008 Posted in Economic News | No Comments »Martin Hennecke senior manager at Tyche Sees "Huge Upside" for Gold, Price at $6,000
Japan weighing dividend, capital-gains tax holiday
Tuesday, August 26th, 2008 Posted in Economic News | No Comments »Japan is considering a package of capital-gains and dividend-tax concessions as part of a plan to encourage savers to shift funds out of low-yielding investments and into the stock market.
Sorry, No Gas!
Tuesday, August 26th, 2008 Posted in Economic News | No Comments »Survival Strategies for the Post-Petroleum World