Monday, August 15, 2016

Alasdair Macleod: Interest rates and Plan B

April 12, 2011 by · Leave a Comment 

GATA 2:39p ET Monday, April 11, 2011 Dear Friend of GATA and Gold (and Silver): A small increase in U.S. interest rates could provide cover for more bond monetization by the Federal Reserve, economist and former banker Alasdair Macleod writes in his latest commentary. Along the way Macleod adds: “The Fed and the Band of [...]

Weekly Market Recap 10/23/09

October 24, 2009 by · Leave a Comment 

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 [...]

The Golden Road Out of Financial Crisis

October 22, 2009 by · Leave a Comment 

The Daily Reckoning “Who goes borrowing, goes sorrowing.” – Ben Franklin Today’s reckoning is going to be short. We’re on the road again…this time to Ireland where our Family office is headquartered. The quote above comes from one of America’s founding fathers. But it was recalled to us neither by America’s president, nor America’s secretary [...]

US Hyperinflation?

October 20, 2009 by · Leave a Comment 

The Daily Reckoning The finance ministers of the Eurozone met yesterday and they’ve tried to stem the euro’s (EUR) rise… But they’ll need more than words to get the job done! And so we begin a new day… Front and center this morning, the currencies – which had given background overnight to the dollar – [...]

Gold’s Real Inflation Adjusted High Is $7,150/oz

October 20, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold Gold is trading at $1.063/oz this morning and traded between $1,048/oz and $1,066/oz over the last 24 hrs. In EUR and GBP terms, gold is trading at €710/oz and £648/oz respectively. Gold continues to gradually eke out gains and consolidate at near record levels on continuing oil strength and dollar weakness. [...]

Gold edges higher as dollar weakens against euro

October 19, 2009 by · Leave a Comment 

By Moming Zhou, MarketWatch NEW YORK (MarketWatch) — Gold futures rose on Monday, as investors embraced more risk, pressuring the dollar, lifting stocks and helping crude-oil futures test new highs for the year above $79 a barrel. Copper also gained more than 4% before giving back some gains after China estimated that its economy grew [...]

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

October 19, 2009 by · Leave a Comment 

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 [...]

Gold Supported by Oil at Yearly High; USD Near Record Lows

October 19, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold Gold is currently trading at $1,055.60/oz. With oil reaching a new high for the year above $79 a barrel, and the Federal Reserve signaling interest rates will stay near record lows for the foreseeable future, the beleaguered greenback fell to a 14-month low on the dollar index. The poor jobs number [...]

Capital Gold Group Report: DOLLAR DECLINE GAINING MOMENTUM: ‘Benign currency neglect’ could spell real danger for US economy – A Foreign News Perspective

October 15, 2009 by · Leave a Comment 

What’s happening to the dollar? That’s the question dominating the world’s financial markets. Last week the US currency fell, on a trade-weighted basis, to a fresh 14-month low. The dollar’s decline is now gaining momentum. By Liam Halligan Published: 7:22PM BST 10 Oct 2009 Many American economists say the greenback is falling because the global [...]

Gold strikes record on dollar, oil at 2009 peak

October 14, 2009 by · Leave a Comment 

Gold hit a record near $1 070/oz and oil rose to a 2009 peak above $75 a barrel as the dollar slipped to its weakest in more than a year on Wednesday. Expectations of low interest rates knocked the dollar to a 14-month low against a basket of currencies, boosting gold’s appeal as an alternative [...]

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