Tuesday, July 23, 2013

Colombia intervenes surreptitiously to push peso down

May 25, 2011 by · Leave a Comment 

GATA Colombia’s Dollar Purchases Generate Angst In Forex Market By Darcy Crowe Dow Jones Newswires via The Wall Street Journal Tuesday, May 24, 2011 http://online.wsj.com/article/BT-CO-20110524-714164.html BOGOTA, Colombia — The Colombian peso has been roiled by a dose of fear in recent weeks spurred by discretionary government dollar purchases in the exchange market. The peso has [...]

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 [...]

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

October 15, 2009 by · Leave a Comment 

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 [...]

Capital Gold Group Report: GOLD RISES TO RECORD AS INFLATION OUTLOOK FUELS INVESTOR DEMAND

October 7, 2009 by · Leave a Comment 

Oct. 6 (Bloomberg) — Gold rose to a record on speculation that inflation will accelerate and erode the value of the dollar, boosting the appeal of the precious metal for investors seeking to preserve their wealth. Gold futures climbed as high as $1,038 an ounce in New York, topping the previous record of $1,033.90 in [...]

Capital Gold Group Report: $100 BILLION IN BANK FAILURES COMING; FDIC FUND STANDS AT $10.4 BILLION AS OF JUNE ’09

October 3, 2009 by · Leave a Comment 

FDIC says bank failures to cost around $100B By MARCY GORDON, AP Business Writer Marcy Gordon, Ap Business Writer – 2 hrs 10 mins ago WASHINGTON – Regulators expect the cost of bank failures to grow to about $100 billion over the next four years — up from an earlier estimate of $70 billion. Faced with that sobering news, [...]

Penoles 4Q loss on big tax charges and currency losses as peso declines

February 25, 2009 by · Leave a Comment 

Top Mexican miner, Penoles, loses 1.42 bln pesos against 918.9 mln pesos profit in previous period, cites currency losses, higher taxes as key reasons. Read more….