Dollar Headed into Perfect Storm

By Rick Ackerman, Rick’s Picks For spin-free analysis of the global economy, the Australia-based  The Privateer is one of our favorite reads. Amidst a cacophony of hubris and unwarranted optimism, its editor, William Buckler, provides a perspective that reduces the mainstream media’s reports of “recovery” to drivel. Buckler notes drily that “the signs that the party is [...]

China will support dollar in short term, state banker says

By Zhou Xin and Simon Rabinovitch, Reuters BEIJING — Any speculation that China might stop supporting the dollar in the next few years is absolute nonsense, a top state banker said. Li Ruogu, chairman of Export-Import Bank of China, a lender tasked with supporting the country’s foreign investments, said in a group interview that a collapse [...]

Will The US Devalue the Dollar?

By Darryl Robert Schoon, GoldSeek The ability to wage war on credit gave the West an insurmountable advantage over the East. The West’s credit, however, has now turned to debt and the West has lost its advantage. But the return to parity will not be easy. The three hundred year economic expansion fueled by debt-based [...]

Central bank report tells South Korea to prepare for dollar’s fade

South Korean Central Bank: Dollar Status May Fade over Time From Reuters SEOUL, South Korea — The U.S. dollar will likely remain the world’s leading reserve currency for the next five to 10 years but may lose its edge over a longer period, a South Korean central bank report published on Sunday said. The world [...]

Another bounce in the dollar

By James Turk, GoldMoney The US Dollar Index jumped 1.7% on Friday, from 74.63 to 75.91. It was the largest one day gain for this index since February 9th, when it jumped 1.8%. That in turn was the biggest one day rally since the month before. On January 20th the Dollar Index jumped 2.4%, so [...]

Liam Halligan: Benign neglect may transform dollar from safe to danger

By Liam Halligan, The Telegraph The US government is shouldering a vast $12 trillion debt pile – that’s 12, followed by 12 zeros. The trade deficit of the world’s biggest economy also remains huge. How much longer can the dollar defy gravity? Last week, America’s currency fell to a 15-month low against the euro, cutting [...]

G20 meeting invites fresh pressure on dollar

By Andrew Torchia, Reuters LONDON — The U.S. dollar may come under renewed pressure from emerging market currencies and the euro after a meeting of the world’s top finance officials failed to take concrete action on rebalancing global money flows. Finance ministers and central bank governors of the Group of 20 major countries, meeting in Scotland [...]

Who Cares About the Dollar?

By Axel G. Merk, GoldSeek Who cares about the dollar? It turns out quite a few do, except for those who could put it on a course to long-term recovery. First of all, you should care, as the purchasing power of your dollar savings is at risk when the dollar plunges versus other currencies. Let’s examine [...]

Gold, Silver, Metal Prices: Commentary – 10/30/2009

GDP: Great Day to Play Good Day, Friday’s market sessions in precious metals started off on a tamer note, following the best gains in gold in three weeks. Explanations follow. The recapture of the $1045 area is noteworthy, although analysts we polled during the wee hours overseas are trying to define the move as everything [...]

Girl Scout Commemorative Coin Act is Law

President Obama on Thursday signed the Girl Scout Commemorative Coin Act into law, authorizing the Untied States Mint to strike up to 350,000 silver dollar coins to honor the 100th anniversary of the establishment of the Girl Scouts of the United States of America (GSUSA). The coins will be minted and sold in 2013, marking [...]

Next Page »