From the category archives:
Emerging economies eye gold reserves as dollar fears rise
DUBAI, March 2 (Reuters) — Major emerging economies are seeking to raise their central banks’ gold reserve holdings as fears of a sharp depreciation in the U.S. dollar mount, senior industry officials said on Monday.
Investors have been piling into gold as a safe haven as the the [...]
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Buffett says U.S. Treasury bubble one for the ages
Feb. 28, 2009, NEW YORK (Reuters) — Warren Buffett, whose Berkshire Hathaway Inc. sits on $25.54 billion (17.8 billion pounds) of cash, said worried investors are making a costly mistake by buying up U.S. Treasuries that yield almost nothing.
In his widely read annual letter to Berkshire shareholders, the [...]
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Dollar’s fall last week is exactly what I’ve been warning about. Bear market in dollar is NOT over. See this article from Bloomberg. — Larry
Dollar Staggers as U.S. Unleashes Cash Flood, Deficit (Update2)
Dec. 15 (Bloomberg) — The biggest foreign-exchange strategists and investors say the best may be over for the dollar after a [...]
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Richard Russell, who lived through the Great Depression, writes the following in the November 26 issue of his newsletter, “Dow Theory Letters” …
‘… if the government wants to inflate in a time of deflation, and the dollar’s viability is under attack, the government could back the dollar with gold. The government could unilaterally raise the [...]
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While the dollar dropped to a two-and-half month low against the euro yesterday, gold closed at a fresh two-and-a-half month high at $945.30 per ounce. Near-record oil prices, geopolitical tensions in the Middle East, and the continued weakness in the dollar have fueled gold’s latest rally.
Gold’s strength has caught me by surprise recently, as [...]
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The Labor Department reported on Friday that the US Consumer Price Index (CPI) rose 0.6% in May — the most since November and reversing a three month downward trend — as the high price of oil sent the price of goods higher.
While I expected the number to come in on the high side, it [...]
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