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| Gold and silver prices rise while dollar falls |
| It was a good day for both equity investors and precious metals investors, but those clinging to the greenback saw their hopes dashed. |
| 08-17-2010 |
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| Producer prices follow consumer prices upwards |
| Despite dire predictions of deflation, the trend in recent economic data has actually pointed towards a slight inflationary trend. Last week, the government revealed that the Consumer Price Index actually increased in July. Today, data from the Bureau of Labor Statistics indicated that the Producer Price Index - which shows increasing prices before they reach the consumer - rose 0.2 percent on a seasonally adjusted basis from June to July. The PPI showed an unadjusted increase of 4.2 percent from last July. |
| 08-17-2010 |
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| Deflation fears fade as consumer prices rise |
| The Bureau of Labor Statistics released its latest data on the Consumer Price Index today, showing that despite deflationary fears, inflation still appears to be the trend, if only slightly. Other economic fundamentals are dropping - unemployment and jobless claims remain stubbornly high - but prices still managed to edge up. |
| 08-13-2010 |
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| Silver, gold prices rise while equities continue to slide |
| The trend that began yesterday continued today, with precious metals gaining while equity indexes slumped to fresh lows. The Dow Jones Industrial average started the day down about one percent, and wavered throughout the session. |
| 08-12-2010 |
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| Gold stakes out gains amidst falling equities |
| The stock markets were awash in a sea of red on Wednesday morning, as the Dow Jones Industrial Average dropped over 200 points at the open. Traders looked at the Federal Reserve's statements about the anemic pace of economic expansion and activity and backed away from most risky assets. |
| 08-11-2010 |
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| Gold prices soar as Federal Reserve says it will buy government debt |
| It's time for a second round of quantitative easing - and some of the first beneficiaries are investors in physical dealer gold. The price of gold leaped upwards on Tuesday after the Federal Reserve voted 9-1 to buy more government debt with the proceeds from mortgage-backed bonds that it bought during the financial crisis. |
| 08-10-2010 |
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| Insuring gold: how to preserve an investment |
Physical dealer gold, like any hard asset, is vulnerable to certain unique risks. While it's unquestionably superior to paper assets - or cash - in times of severe economic distress, chaos or hyperinflation, gold buyers need to understand that they are buying something which can be stolen or destroyed.
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| 08-09-2010 |
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| Gold prices looks set to climb as Fed ponders more QE |
| Many market observers expect the price of physical, dealer gold - as well as futures - to rise in the next few days, as the Federal Reserve reconsiders its monetary policy at a meeting this week. Given the weak state of the economy, particularly with regards to employment, it seems likely that the central bank will consider engaging in further quantitative easing. |
| 08-09-2010 |
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| Marc Faber: The Fed will create a "final crisis" |
| Marc Faber, a noted Swiss investor and economist of the Austrian school, says that the Federal Reserve is underestimating the fundamental strengths of the U.S. economy, and has no idea what it's doing, reports CNBC. The result, says Faber, will be a devastating inflation shock that will precipitate a "final crisis" and wipe out many investors who believe too strongly in the safety of bonds and cash. |
| 08-07-2010 |
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| Gold prices rise as US unemployment and jobs figures disappoint |
| A lot of people expected disappointing jobs figures from the Department of Labor today - and they were vindicated. The U.S. economy shed 131,000 jobs in July, mostly temporary government employees employed by the 2010 U.S. Census. In addition, the department revised its June figures downward by nearly 100 percent; it said that June saw 221,000 jobs disappear, not 125,000. |
| 08-06-2010 |
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| Gold continues its rise, testing key levels |
| For the sixth day of trading in a row, gold prices rose, marking the best streak for the yellow metal in months. |
| 08-04-2010 |
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| Investors take a shine to gold and silver after disappointing GDP figures |
| Gold and silver futures both climbed on Friday, reacting to new information that showed a decreasing pace of economic growth in the U.S. According to dross domestic product data released by the Department of Commerce, the economy continued to expand - growing at an annual rate of 2.4 percent in the second quarter - but did so at a slower pace than the 3.7 percent annual rate seen in the first quarter of 2010. |
| 07-30-2010 |
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| Gold and silver prices rise as dollar weakens |
| Thursday started promisingly for commodities traders, as the price of almost every major metal, energy, agricultural and industrial commodity gained in early trading. The weakening dollar was one of the key drivers, as the greenback fell almost .65 percent relative to the euro and over 1.5 percent relative to the Swiss Franc. |
| 07-29-2010 |
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| Gold prices rise as physical demand reasserts itself |
| The price of gold rose in trading on Wednesday, as physical demand for the yellow metal - whether for jewelery, industrial or wealth preservation - moved into the market. After a few days of discounted prices, gold rose $1.40 to trade at $1,163.20 per troy ounce just before noon EST. |
| 07-28-2010 |
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| How gold can hedge against deflation |
Gold is typically seen as a hedge against inflation, for fairly simple economic reasons. The supply of gold increases only as it is mined, in a more or less regular fashion. Its demand can vary, and its that variance in demand which causes the price of gold to go up and down. The supply of fiat money, on the other hand, can be increased at will by the government, at any rate that it likes. Adding more money into the system means that, other things being equal, there are more dollars per ounce of gold available, so the price goes up.
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| 07-26-2010 |
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| Analysts: gold set to rise again as fundamentals reassert themselves |
| The price of gold may be set to stage another rise, Bloomberg News and various analysts report, now that the yellow metal has recovered from an eight-week low. Currently, physical gold trades at a five to six percent discount to the record $1,266.50 per troy ounce level that it set back in June. |
| 07-21-2010 |
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| Gold climbs as housing starts falter |
| The price of gold rose on Tuesday morning as housing construction plunged to its lowest level since October. Figures from the Department of Commerce showed that the seasonally adjusted annual rate of new building fell 5 percent in June, to 549,000. |
| 07-20-2010 |
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| Recovery faltering as stock indexes slump |
| Impressive corporate profits weren't enough to jolt the bulls into action this week, as stock indexes described a perfect parabola from Monday to Friday. Despite gains of 2 to 3 percent at midweek, all three major indexes had collapsed back to their starting points by noon on Friday. |
| 07-16-2010 |
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| Nouriel Roubini to the President: 'Recognize that Americans are adults' |
| Famed economist Nouriel Roubini, who caught international attention for correctly predicting the incoming global recession in 2006, grabbed headlines again on Wednesday when he urged President Barack Obama to "recognize that Americans are adults." |
| 07-15-2010 |
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| Gold prices edge higher as dollar looks shaky |
| An unexpected drop in a key New York manufacturing index contributed to nervousness about the dollar, driving the price of gold higher on Thursday. The price of gold for immediate delivery gained $1.60 to trade at $1,208.40 per troy ounce. |
| 07-15-2010 |
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| U.S. trade deficit jumps, spooking economists and traders |
| The U.S. trade deficit climbed by 4.8 percent in May to $42.3 billion, an unexpected rise to highest level in 18 months. The news signals a number of things, some of them apparently contradictory. |
| 07-13-2010 |
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| BusinessWeek Identifies "Modern Day Gold Rush" |
| Bloomberg/BusinessWeek has written a long piece on the economic effects of the gold's rising price, identifying some of the unique opportunities that arise as gold hovers around $1,200 per ounce. Savvy entrepreneurs, inventors and investors have come up with new ways to make money off of the rising price of one of the world's most precious commodities. |
| 07-12-2010 |
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| Gold prices rise as banks, investors see plenty of strength |
| Gold prices rose on Friday, gaining 1.14 percent to trade at $1,209.70 per troy ounce at 10:14 a.m. EST in New York Trading. In total, the metal has gained 2 percent since its six-week low of $1,185 per ounce on May 24. |
| 07-09-2010 |
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| NIA to Lebron James - sign short contract, buy gold |
| The National Inflation Association, a group dedicated to "preparing Americans for hyperinflation," urged LeBron James yesterday to to buy gold and sign a three-year contract instead of a five or six-year contract. The NIA suggested that interest rates could reach as high as 10 percent per year by 2014, exceeding the inflation of LeBron's contract. |
| 07-09-2010 |
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| Jim Rogers: Sell bonds and buy metals, commodities |
| The chairman of Rogers Holdings said that metals like silver and gold, as well as agricultural commodities like rice, will be the best investments over the next few years. |
| 07-08-2010 |
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| State budgets could cripple recovery |
| Even as politicians in Congress quarrel over whether it's time to tackle the budget deficit and the national debt, a report from the Center on Budget and Policy Priorities suggests that the economy is about to be blindsided. The cause will be a cumulative state budget shortfall of $140 billion in fiscal year 2011. |
| 07-05-2010 |
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| Gold recovers from five-week low as economies struggle |
| After a rough few days, gold futures rose 1 percent to trade at $1,210.55 per troy ounce in New York. Gold prices hit a record high of $1,266.50 per troy ounce in every major currency in mid-June, but fell for the rest of that month, briefly sinking below $1,200. |
| 07-02-2010 |
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| Gold exchange-traded fund holds more bullion than most banks |
| The SPDR Gold Shares exchange-traded fund, more commonly known as GLD, announced yesterday that it has over $50 billion under management. The fund holds only one asset - gold bullion - and its vaults now contain over 1,300 metric tons of gold. |
| 06-30-2010 |
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| Federal debt hits highest level since the end of World War II |
| The total federal debt is now projected by the non-partisan Congressional Budget Office to reach 62 percent of GDP by the end of the year. That's the highest level since just after World war II, stemming from years of imbalance between tax revenue and federal spending. |
| 06-30-2010 |
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| Gold prices rise as weak jobs data hits markets |
| The price of gold rose on Wednesday for the second day in a row. Traders reacted to data from the ADP Employment report, which suggested that non-farm private employment increased by only 13,000 jobs in June. |
| 06-30-2010 |
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| Gold prices hold steady as Dow plunges over 250 points |
| Gold prices resisted the general rout in financial markets today, trending essentially flat while stocks and risky bonds were hammered by bad economic projections. |
| 06-30-2010 |
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| Why the debt is a bigger problem than the deficit |
| The Washington Post reported on Tuesday about the twin challenges faced by the U.S. and other Group of 20 (G-20) nations - bringing down national deficits and reducing the national debt. |
| 06-29-2010 |
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| A beginner's guide to investing in gold |
| With gold prices repeatedly hitting record highs this month, gold has shown itself to be an excellent investment over the past two years, returning almost 40 percent from its prices two years ago. But how exactly do you invest in gold? |
| 06-25-2010 |
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| Gold climbs as bad economic news persists |
| Concerns about sovereign debt, weak employment and a deflating housing market all helped push the price of gold up today. The yellow metal rose by $12.80 to $1,247.60 per troy ounce, off of its earlier record highs but its strongest performance this week. |
| 06-24-2010 |
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| Fed keeps rates low, ignores inflation |
| Day traders, economists, analysts, options traders and goldbugs alike watched the Federal Reserve today. Everyone expected them to maintain interest rates at the current target of 0 to .25 percent. |
| 06-24-2010 |
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| White House plan for home loan modification deflating |
| One of President Barack Obama's signature initiatives, a $75 billion mortgage modification program, appears to be losing steam as borrowers drop out. |
| 06-23-2010 |
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| Price of gold tests new highs |
| Traders and investors pushed the price of gold to a new record today, as the yellow metal rose past the $1,260 point to trade around $1,260.90 an ounce, according to the Bloomberg news service. |
| 06-18-2010 |
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| Greenspan says U.S. near borrowing limit |
| The former chairman of the Federal Reserve issued a sharp warning to the U.S. government in an opinion piece published in the Wall Street Journal on Friday. |
| 06-18-2010 |
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| Nassim Taleb to policymakers: "Don't give a debt junkie more debt" |
| Nassim Taleb, the professor, author and investor who became famous for his New York Times bestseller "The Black Swan," told CNBC that the credit crisis has not abated and that debt "has spread like a cancer." In the interview last Thursday, Taleb expressed severe pessimism about the state of the global financial system. |
| 06-17-2010 |
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| Gold recovers as American job growth wavers |
| Gold futures rose again today, coming within 1 percent of the all-time nominal high they reached last week. |
| 06-17-2010 |
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| National debt exceeds 90 percent of GDP |
As the U.S. economy continues to be drained by an unsustainable national debt, job creation is likely to be one of the many areas that will take a hit in the coming years.
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| 06-10-2010 |
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