Gold crashed through $1000/ounce today, and struck $1008 on the way. Gold pulled back during the day, but maintained a gain for the day. The Dollar crashed to the lowest levels this year; losing over 2 cents against the Euro. Taken together with the Gold move, you can see that something fundamental is happening in [...]
The Dollar, oil and gasoline all went sideways. Gold went sideways too, and held onto its recent gains. It did not break through $1000, so I think it will pull back slightly before trying to assault that value again. In the news today….. Unemployment – jumped to 9.7%. This is a 26 year high. Is [...]
Sorry for the early closing of economyguy today, but I have to get up early and face an Italian pilot flying Alitalia. Stocks went sideways today again, as did bonds, as did the Dollar, as did oil, as did gasoline. Gold, on the other hand, SOARED today as it did yesterday. Hurrah. Breaking those topside [...]
Stocks went sideways today with a downward bias. Bonds continued to increase in value (lower interest rates) and this is great news for all interest rates, but particularly mortgage rates sometime in the next couple of weeks. The Dollar went sideways, as did Oil and Gasoline. Gold was the big mover today, and ended up [...]
Stocks fell yesterday on concerns that the Chinese stock market fell today. Stocks fell a lot more today on scares that the recent and ongoing bank failures are a bad sign for the financial community. In addition, stock investors think the market has gotten ahead of itself. So, here we have a pullback. Bond prices [...]
