From the category archives:
We know that the relationship between gold and the dollar has changed. It used to be that gold moved opposite (inverse) to the U.S. dollar; now they tend to track each other. What changed?
A recent report in Bloomberg says that the dollar’s inverse relationship with gold reversed as the global recession deepened, increasing the appeal [...]
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Oil falls to near $103 on concerns US bailout package won’t halt global slowdownOil prices fell to near $103 a barrel in Asia Monday on concern that economic growth will slow across the globe despite a tentative agreement in Washington on a $700 billion bailout package [...]
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This is why I hate government most of the time.
According to Reuters, The U.S. Securities and Exchange Commission issued an emergency order on Tuesday placing restrictions on the short selling of shares of certain major financial firms.
Here are 19 stocks where no naked short selling is allowed from July 21 through July [...]
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It’s earnings week, and big names making “true confessions” include IBM, Intel, Coke Caterpillar, City and more. GE’s abysmal earnings report and forecast last week really took the wind out of the bulls’ sails, and there’s no reason things should change this week. Wachovia just missed its earnings forecast big-time this morning.
And then there’s [...]
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