–Boy, it sure isn’t a good look for the land of the free and the home of the brave that American-made F-16s and M1 Abrams battle tanks are out in force across Egypt now. But cosmetics and theatrics aside, there’s a bigger story here: the entire geopolitical arrangement that has grown up around the U.S. [...]
euro
Germany’s “swivel-eyed” gold bugs simply show more imagination than journalists, policy-makers and academic economists… MONEY is always and everywhere a political phenomenon, nowhere more clearly than Germany. Hitler’s first coup attempt, the Munich Beer Hall putsch, came during social chaos of late-1923′s Weimar inflation. His 1,000-year Reich (lasting barely a decade) then brought fresh monetary [...]
May 2010 brought new closing highs for gold in all but two major currencies…
IT’S PRETTY RARE for gold to make a new monthly high for the year in May, let alone for all time.
But when it does (or so history suggests), new buyers might expect better-still prices come Christmas – and gold in 2010 just [...]
Is the Eurozone one final U-turn away from a 20-fold rise in gold prices…?
HAPPY SELLERS a decade ago when gold hit rock-bottom, might the Eurozone states now sell gold at all-time highs to help settle government debt today?
Doubt it. Here’s why…
Lumped together, the 16 Eurozone nations (including the ECB) hold almost 11,000 tonnes of gold [...]
Five stars, one Dollar exchange rate, and a 51% gain in gold…
“GOLD RETREATS as Dollar gains,” says a headline from Dow Jones Newswire.
Which makes sense. Because when that isn’t happening, “Gold adds to gains as Dollar falls versus Euro,” says Reuters.
Thus the intuitive Dollar-gold pairing swings now one way or other in the financial [...]
THE PRICE OF GOLD regained a third of yesterday’s 2.5% plunge in London dealing on Wednesday, bouncing as the US Dollar eased back and Wall Street futures pointed higher from Tuesday’s 1.0% drop.
By the time New York traders reached their desks, gold priced in Dollars stood little changed from last week’s close at $1137 an [...]
THE PRICE OF GOLD gave back yesterday’s 1.4% rally on Tuesday morning in London, drifting down to Monday’s start near $1113 an ounce as world stock markets slipped and the US Dollar rose on the currency market.
The Euro fell to a fresh 11-week low after the ZEW survey pegged economic sentiment across the 16-nation currency [...]
THE PRICE OF GOLD ticked higher from near 4-week lows at $1111 an ounce early Monday, recording the lowest London Gold Fix since Nov. 13th at $1120 as Asian stock markets ended the day flat but European shares rose despite poor data.
The government of Abu Dhabi surprised analysts by lending neighboring Dubai $10 billion today [...]
THE PRICE OF GOLD reversed Monday’s 2.4% rally vs. the Dollar early today, only to bounce sharply as world stock markets fell and the Euro currency dropped to a one-month low beneath $1.4750.
The gold price in Sterling and Euros held above £700 and €775 respectively.
Crude oil fell through $73 per barrel. US Treasury bonds rose, [...]
