Sunday, August 14, 2016

Gold Drops for Fourth Day, Silver Plunges, Stocks Mixed

October 29, 2009 by · Leave a Comment 

New York gold futures ended lower Tuesday for the fourth straight day as the US dollar advanced on news of a decline in consumer confidence. Silver was hit exceptionally hard for the second straight day, falling more than 3 percent. Platinum declined as well. In other markets, crude oil finished 1 percent higher and US [...]

Gold steadies around $1 040, ETF dips second day in row

October 28, 2009 by · Leave a Comment 

Gold prices steadied around $1 040 an ounce on Wednesday, recovering from three-week lows hit the day before when the dollar strengthened against the euro. The dollar held gains against a basket of currencies on Wednesday while the yen rose, as investors trimmed positions in higher-yielding currencies as stocks fell on weaker-than-expected US consumer confidence [...]

Commodity Currencies Rebound Versus the Dollar

September 30, 2009 by · Leave a Comment 

The Daily Reckoning Well… Instead of a “turn around Tuesday”, we’re seeing a whiplash Wednesday! And for once the Big Dog (euro) (EUR) didn’t lead the other little dogs (currencies) off the porch to chase the dollar down the street! No… This time it was the currencies of Australia (AUD) and New Zealand (NZD) that [...]

Gold Ends Slightly Higher, Silver and Stocks Decline

September 30, 2009 by · Leave a Comment 

A stronger US dollar was troubling for commodities on Tuesday but gold managed to swing slightly higher during a volatile day of trading. Other precious metals declined, as did crude oil. US stocks ticked down due to lower than expected consumer confidence numbers, according to reports. New York precious metals figures follow: Silver for December [...]

Gold extends losses, sinks towards $940

August 17, 2009 by · Leave a Comment 

Gold slipped towards $940 on Monday to extend losses from late last week when lacklustre US consumer confidence data clouded the economic outlook, causing oil to fall and dulling the metal’s appeal as an inflation hedge. The precious metal is now nearing the month’s trough of $939,40 marked last week, while its fate remains closely [...]

Time to rename U.S. “consumer confidence” index

July 1, 2009 by · Leave a Comment 

The efforts by the U.S. propaganda-machine to pump-up U.S. equity markets this year have been nothing short of comical. It started off with bold predictions that the Obama “stimulus” package would rescue the U.S. economy. Then the propaganda-machine had to immediately “forget”their own prediction – so that they could act suitably “surprised” when U.S. economic [...]