gold posts
FeedPosted Nov 5th 2009 4:30PM by Connie Madon (RSS feed)
Filed under: India, China, Brazil, Russia, Market matters, Money and Finance Today, Federal Reserve
The US dollar is down 20% since 2002 on a trade weighted basis. Other world economies like China are dynamic, with growth rates of 8 and 9%. With that kind of clout, countries like China, India and Brazil, can choose where to place their reserves.
Slowly, developing countries are shifting their reserves away from the dollar into the euro and yen. Neil Mellor, strategist at Bank of New York Mellon Corp (NYSE: BK), which has some $20 trillion dollars in assets under custody said: "I don't think there will be an imminent move, but it is quite clear there's a plan to shift reserves to a more balanced portfolio."
Barclays Capital Research reported that central banks placed 63% of new cash in non US currencies between April and July.
Continue reading Central Banks lead a shift away from the dollar
Posted Nov 5th 2009 9:50AM by Kevin Kersten (RSS feed)
Filed under: India, Federal Reserve

Ben Bernanke and the Federal Reserve have kept interest rates low for some time. Interest rates lie somewhere below a quarter point and a zero, giving people very little reason to save. Why should you save money when inflation could work against you and the money will not grow?
Low interest rates also work to reduce the cost of borrowing. This could help businesses that want to expand, or the federal government that has trillions of dollars of debt that it needs to finance.
Continue reading Are low interest rates hurting the U.S. dollar?
Posted Oct 13th 2009 5:45PM by Michael Fowlkes (RSS feed)
Filed under: Major movement, Cisco Systems (CSCO), eBay (EBAY), Market matters, Halliburton (HAL), Goldman Sachs Group (GS), Goldcorp Inc (GG), Commodities, S and P 500, DJIA, NASDAQ

We had a lot of big names trading up to new 52 week highs again today. The overall markets were pretty flat, with the DOW closing the day down 0.14%, the NASDAQ closing the day's trading up 0.04%, and the S&P ending the day a bit lower to finish today's trading down 0.28%.
Here are a few of the names that moved higher during the day to set new 52 week highs.
Continue reading Some big names setting new highs today: STAR, GG, PIR, EBAY
Posted Oct 13th 2009 1:50PM by Michael Fowlkes (RSS feed)
Filed under: Forecasts, Market matters, Money and Finance Today, Commodities, Oil, Financial Crisis

The U.S. dollar continued to decline today, and has helped push
gold prices up sharply in today's action.
The dollar has been very weak lately, and as more concern mounts of the dollar's strength more investors are rushing into the precious metal, which traded up as high as $1,069.70 today, and is currently up $1.70 an ounce to $1,059.20.
Continue reading Gold soars as dollar continues to weaken
Posted Oct 12th 2009 2:50PM by Tom Johansmeyer (RSS feed)
Filed under: Employees, Economic data, Recession, Financial Crisis
We've watched stock market numbers bounce around for two years. Unemployment stats have served as unpleasant reminders that, for some, leading indicators haven't translated to reality. We look for so many ways to understand the brutal economic environment with which we've had to contend, and all the choices can make your head spin. So, let's make it simple. Here are eight ways to tack a label onto the financial world in which we live.
1. Lost market value
Total stock market losses from October 2007's top to March 2009's bottom: $11.2 trillion
Total gains in the stock market since the bottom: $4.6 trillion
Lost ground: $6.6 trillion
2. Bad days
Percentage of the 10 worst days in history for the Dow Jones Industrial Average that happened in 2008, by point drops: 60%
Percentage of the 10 worst days in history for the DJIA that happened in 2008, by percentage drops: 30%
3. Mutual funds
Value of mutual fund assets at the end of 2007: $6.5 trillion
... and a year later: $3.7 million
Lost value: $2.8 trillion
But, it got a little better at the end of August 2009: $4.5 trillion (value of assets)
Continue reading Eight ways to define the recession
Posted Sep 24th 2009 3:20PM by John Jagerson (RSS feed)
Filed under: Commodities

Commodities in general and oil and gold specifically are considered a good hedge against inflation, a weak dollar and flat trending stocks. However, these markets can also be very volatile as oil and gold traders are finding out this week.
Oil inventories are up (not good for prices) and demand from refineries is down, which has put some additional downside pressure on the commodity. A stronger dollar the last two days has compounded oil's problems and sent prices below $67 a barrel.
Continue reading Oil and gold drop fast as the dollar gains
Posted Sep 18th 2009 7:00PM by Wade Hansen (RSS feed)
Filed under: International markets, Commodities
Gold bugs around the world have been rejoicing this week as the price of gold has climbed above $1,000 per ounce. On the same note, forex investors with money in the Australian dollar have been rejoicing for the same reason.
You see, the Australian dollar has a cozy relationship with gold. As gold prices go up, the Australian dollar typically goes up, and as gold prices go down, the Australian dollar typically goes down. This relationship stems from the fact that Australia mines and exports a good portion of the world's gold.
Continue reading FXA soaring on gold prices
Posted Sep 8th 2009 1:40PM by Connie Madon (RSS feed)
Filed under: International markets, Market matters, Commodities, Oil, DJIA
Gold broke though the magic $1,000 per ounce Tuesday. The October gold contract rose to $1,008.30 per ounce before dropping below $1,000 again.
The U.S. dollar is sharply lower, with the September contract trading at 77.11 down 81 (the U.S. dollar is traded against a basket of currencies). As you might guess, when gold moves higher, the dollar falls. Traders dump paper dollars in favor of hard assets like gold.
Continue reading Gold tops $1,000 per ounce, oil rises, and the U.S. dollar falls
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