From the category archives:
There’s a lot happening in the markets from inflation, to the dollar, gold and more …
— Record Oil: On Monday, oil hit a new intraday high of almost $140 a barrel even as Saudi Arabia announced it planned to boost production by as much as 500,000 barrels a day. While initially prices eased on [...]
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Fed Chairman Ben Bernanke is trying to support the dollar, making rare statements on Tuesday about how the weak dollar has contributed to inflation, and that the Fed is closely monitoring the dollar.
Bernanke went on to repeat his inflation concerns while speaking at Harvard University yesterday, saying that “some indicators of longer-term inflation expectations [...]
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In a speech this morning at an international monetary conference in Spain, Fed Chairman Ben Bernanke took the unusual step of speaking out on the dollar saying that the central bank is “attentive” to the weak U.S. dollar and that it has contributed to an “unwelcome rise” in inflation. He went on to say that [...]
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Dollar’s bouncing a bit, yet oil remains at record highs. Gold is consolidating, getting ready for its next move. Which way will it go?
Meanwhile, the DJIA has held my major support level at 12,795. Could stocks start to play catch up with other inflating assets? After all, US stocks in general have already been [...]
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Wild markets, eh? Currencies swinging like crazy, gold gyrating, roller-coaster moves in the grains. And the Dow Jones can’t figure out whether it’s coming or going.
No problem! If you’re a seasoned trader and investor like me, wild swings can make you a fortune. Quick in and out trading. Gotta love it!
But real wealth [...]
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