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. The US is doing everything it can to [...]
On almost no news oil rose to over $86 a barrel. Gold and natural gas also had large gains.
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 [...]
Bloomberg: 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. The 19-commodity Reuters/Jefferies CRB Index was up 8.7 percent this month, the most since July 1975. Wheat climbed to [...]
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.
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, …Peter Schiff, chief executive [...]
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: We do not make the following statement readily, nor lightly, but we are making it here [...]
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. … With [...]
This chart from Gartman points out the bullish techs. The ETF is well on its way of eclipsing February’s highs.
Make your Money Go Further
Our monthly reports tell you what countries and currencies offer the best deals. Travel and buy smart!