Gold, Silver and US Stocks Rally

Gold and other precious metals spiked Thursday, as did crude oil and US stocks following a report by the Commerce Department saying the economy expanded at a 3.5 percent annualized pace in the third quarter. Gold’s rise broke a losing streak that had extended to five days. The Dow and S&P enjoyed their best one-day [...]

Investing in Gold Now

After gold prices crossed above the psychological level of $1000, the target price for gold became a very popular topic on the markets. Jim Rogers predicts gold prices to go even to $2000. Some of latest analysis from Adam Hewison about gold: In the first video Adam provides some mid and long term analysis for [...]

Gold at $2,000 Becomes Inflation-Adjusted Bullseye for ‘80 High

By Pham-Duy Nguyen Oct. 19 (Bloomberg) — Gold’s rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak. While gold rose 19 percent this year to $1,072 an ounce on Oct. 14, consumer prices almost tripled in the past three decades, eroding the metal’s value. Bullion hasn’t kept pace with [...]

Capital Gold Group Report: Gold, ‘Off The Charts’, May Target $1,500: Technical Analysis

By Glenys Sim Oct. 7 (Bloomberg) — Investors should hold onto long positions in gold as bullion has “significant upside potential” to reach as high as $1,500 an ounce, Barclays Capital said, citing trading patterns. “Having rallied ‘off the charts’, we are left to resort to projections and extrapolated trendlines to forecast where the move [...]

FDIC INSURANCE FUND WILL RUN A DEFICIT AS OF TOMORROW

FDIC Proposes Banks Prepay Deposit Fees Through 2012 By Alison Vekshin Sept. 29 (Bloomberg) — The Federal Deposit Insurance Corp. proposed asking banks to prepay three years of premiums to replenish reserves dented by a rash of bank failures that the agency said will cost $100 billion through 2013. The insurance fund will run a [...]

Trichet Says Strong Dollar Is ‘Extremely Important’

By Gabi Thesing and Christian Vits Sept. 28 (Bloomberg) — European Central Bank President Jean-Claude Trichet said a strong dollar is “extremely important” for the world economy and it’s too early for the ECB to unwind emergency stimulus measures. “In the present situation it is extremely important that we can have in the framework at [...]

Seven Points to Look For in October

Simit Patel submits: Just a quick note I wanted to make about what I am thinking in preparation for October — a month notorious for volatility and market crashes. Currently, I’m still long gold, silver, and the Australian dollar against the USD (trades documented in my trade journal). These trades have been working out very [...]

Debt for Dividends

By The Mogambo Guru In another episode where the comics page eerily mirrors real life, a recent “Garfield” cartoon has Garfield confronting a resident rat who has been taking cheese, but leaving IOUs, from the “cheese drawer” of the refrigerator. Garfield threateningly says to the rat “Stop with the IOUs” and the rat calmly holds [...]

Pimco Says Dollar to Weaken as Reserve Status Erodes

By Garfield Reynolds and Wes Goodman Aug. 19 (Bloomberg) — Pacific Investment Management Co., the world’s biggest manager of bond funds, said the dollar will weaken as the U.S. pumps “massive” amounts of money into the economy. The dollar will drop the most against emerging-market counterparts, Curtis A. Mewbourne, a Pimco portfolio manager, wrote in [...]

Shulman Says U.S. Expanding Tax Inquiry After UBS ‘Victory’

By Ryan J. Donmoyer Aug. 19 (Bloomberg) — IRS Commissioner Douglas Shulman said the U.S. scored a “huge victory” in persuading Switzerland to turn over the identities of 4,450 Americans with secret UBS AG bank accounts and said the agency’s probe is expanding. Shulman said the Internal Revenue Service, as a result of the UBS [...]

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