From the monthly archives:
The US dollar is strengthening as capital flees higher-risk economies and flowing into the greenback. And this is weighing on gold, bringing it down to its first weekly uptrend … There is support below this, at at 738.90, and then the second uptrend comes into play around 675. Will gold go that [...]
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About one-third of the S&P 500 reports earnings this week. Yesterday we saw euphoria and I thought it interesting that the major indices went up with oil prices. Today, oil prices are down, and stocks across the board slid at the open. Clearly, fears about the economy remain. Here are some things I’m reading [...]
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Here are some things to keep your eye on …
ENERGY Oil cartel calls meeting as prices tumble Analysts said the overall market trend was bearish and noted that the Organisation of the Petroleum Exporting Countries had decided to hold a special meeting next Friday - instead of in November - to [...]
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If you bought my new gold report, this chart will interest you. It’s weekly chart of the GDX … Agnico Expects Share Declines, Bankruptcy for Some Junior Mining Companies Agnico-Eagle Mines Ltd., the Canadian gold producer planning to increase output fivefold, said smaller mining and exploration companies may go bankrupt as their [...]
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On the one hand … EU Pushes for Overhaul of Postwar Financial System
EU leaders called for a global summit as soon as next month to rewrite the 1944 Bretton Woods accord that paved the way for Europe’s post-World War II reconstruction and set up the institutions that oversee the world economy today.
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Something I heard this morning, and it was just confirmed (as much as these things can ever be confirmed) by an article on RealMoney.com …
Reports of the liquidation of a large hedge-fund position in gold contributed to sending futures on the safe-haven metal sharply lower — despite what for all intents and purposes would seem [...]
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I’m Dreaming of a Blue Christmas … Source: Calculatedrisk.blogspot.com
From the LA Times… Retailers cutting back on holiday hiring
A recent survey of more than 1,000 managers responsible for hiring hourly workers found that each manager planned on hiring an average of 3.7 seasonal employees this year, roughly 33% less than the 5.6 [...]
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I didn’t blog yesterday because I was busy putting the finishing touches on my new gold report, “Your Golden Parachute for 2009.” It goes out today, kicking and screaming apparently, from all the trouble we’ve had trying to load it to the web site.
Red-Hot Canadian Small-Caps subscribers, Red-Hot Global Small-Caps subscribers and Red-Hot [...]
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I didn’t blog yesterday because I’m too busy working on A) issues and B) my new gold report, which is being published Tuesday. Along with my picks and analysis, I’ve been doing some interviews with some very smart people. Busy, busy!
And then there are these frakking markets. Yeah, we have hedges on — [...]
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So much for chart action. Bloomberg tells us …
Gold tumbled from the highest since July as the dollar strengthened and investors sold the metal to cover losses in equity markets. Silver plunged 11 percent.
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