Weekly Market Recap 10/23/09

ScotiaMocatta, the precious metals division of the Bank of Nova Scotia, said on Thursday that gold prices could rise to a high of $1,400 an ounce in 2010 as investors turn to the metal as a store of wealth, as reported to Reuters. The unemployment rate has been increasing at an alarming rate, yet the [...]

Weekly Market Recap 10/16/09

Gold hit another record high this week, as the yellow metal moved above $1,070.00 per ounce. “There’s lots of concern about the weakness of the dollar, and this had been driving gold,” said Peter Fertig, owner of Quantitative Commodity Research to the financial website Bloomberg.com. “The fear that central bank exit strategies will come too [...]

Weekly Market Recap 10/09/09

This week, Gold broke through its all time high and set a new benchmark at $1,061.10 per ounce. Concerns about the weakened U.S. Dollar and a second economic downturn, along with increased risk of higher inflation, were the leading causes for the commodities boost this week. Other factors had an impact as well, such as [...]

Weekly Market Recap 10/02/09

Just when Wall Street wanted you to think it was okay to wade back into the stock market, some all too familiar sharks continued to muddy the water for investors. The Fall of 2008 marked the beginning of the biggest financial down slide in the U.S. since the Great Depression. Unfortunately, not much has changed [...]

Weekly Market Recap 09/25/09

The Federal Reserve announced Wednesday it would leave interest rates unchanged for the time being. One might think that this fact would push stocks higher and that a foothold for a recovery is taking place. However, exactly the opposite happened. Savvy investors are now concerned that the Fed has failed to expand its direct purchases [...]

Weekly Market Recap 09/18/09

The stock market flood gates opened up a bit this week as investors continued to speculate on the market’s direction. There are many contradictory company reports that are still being released and that is keeping troubled thoughts on the front burner. The CFO for MasterCard said that the global economic slowdown continues to prove challenging [...]

Weekly Market Recap 09/11/09

The major stock markets showed mixed trading results during this shortened Labor Day week. Investors restrained their buying on concerns of retreat in the market, after a short rally early in the week. Consumer credit fell $21.6 billion in July to $2.5 trillion, according to a Federal Reserve report released on Tuesday. The drop was [...]

Weekly Market Recap 08/28/09

This week there was very tight trading brought on by mixed signals from the major markets and mixed company reports. The combinations of all these factors don’t allow for a firm direction to be determined. The Commerce Department reported that the economy contracted 1% in the second quarter making this the fourth consecutive contraction in [...]

Weekly Market Recap 08/21/09

This week has seen more sideways trading as the markets continue to seek a clear and definitive direction. While some are claiming the worst is over, others like Bloomberg.com report that more than 300 banks could still fail across the nation, further affecting small businesses and consumers, the real drivers of the economy. This mixed [...]

Weekly Market Recap 08/14/09

This week the Federal Open Market Committee meeting on interest rates commenced. According to the committee, conditions in the financial markets still remain constrained by ongoing job losses, sluggish income growth, lower housing wealth and tight credit. The central bank will keep interest rates at close to zero which should bolster bullions’ status as a [...]

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