Oct 26, 2007 / 10:06am / in Americas, Commodities, Currency, General, gold, Oil, International Investing
WSJ on the USD, its weak against everything:
The dollar's problems didn't stop with the euro. The greenback also reached a fresh 33-year low against Canada's currency, a 23-year low against the Australian dollar and dipped to its weakest point in three months against the U.K. pound.
Oct 11, 2007 / 10:18am / in General, gold, housing bubble, International Investing
The slow-motion house crash shows no sign of slowing as foreclosures doubled from one year ago. The rot is far from cleared out.
Foreclosure filings across the U.S. nearly doubled last month compared with September 2006, as financially strapped homeowners already behind on mortgage payments defaulted on their loans or came closer to losing their homes to foreclosure, a real estate information company said Thursday.
Sep 28, 2007 / 10:03am / in Commodities, General, gold, International Investing
Commodities headed for the biggest monthly gain in 32 years, led by wheat, crude oil and gold, as the dollar's slump enhanced the appeal of energy, grains and precious metals as a hedge against inflation.
Sep 20, 2007 / 9:50am / in General, gold, Oil, International Investing
Crude-oil futures rallied past $83 a barrel Thursday, sending the expiring benchmark contract further into uncharted territory as the market continued to draw support from a decline a bigger-than-expected decline in U.S. crude inventories.
Aug 13, 2007 / 11:35am / in General, gold, International Investing
Since inflation and chaos both *should* cause the metal to shoot up, bears consider the rise of gold a forgone conclusion. Yet the value of this precious metal has not even out paced its price from earlier this year. The credit market meltdown has had no significant effect. Don't lose hope,
Aug 1, 2007 / 6:08am / in General, gold, International Investing
Dennis Gartman is a salty market veteran who has forgotten more about trading than most people will ever know. His daily newsletter, a must read on Wall St., had an ominous message this morning which we have excerpted below:
May 8, 2007 / 10:09am / in Emerging Markets, General, gold, housing bubble, International Investing
by Rudyard Kipling. Read the full poem here
AS I PASS through my incarnations in every age and race,
I make my proper prostrations to the Gods of the Market Place.
Peering through reverent fingers I watch them flourish and fall,
And the Gods of the Copybook Headings, I notice, outlast them all.