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These words were coined by long-timer Richard Russell ( Dow Theory Letters ) in frustration with gold bullion’s performance. Since hitting $982 on June 2, the yellow metal has been correcting almost half of the rise that began in April. When it comes to gold bullion and gold stocks, I need to confess I started my investment career in 1984 as none other than a mining analyst. Ever since those days of calculating net present values on my trusted HP 12C I have been intrigued by the shenanigans of
Jobless claims rise, total benefit rolls decline ( Bloomberg ) Uncle Sam's favorite subsidized Fiat calls for restructuring of auto industry ( AP ) China sells US bonds to "show concern" ( Breitbart , hat tip SB) BofA paying big bonuses to retain bankers ( Reuters ) Because of Obama, everyone will want to become big enough to enjoy "systemic risk" protection ( WSJ ) World Bank buys the Kool Aid, increases China expansion estimate to 7.2% from 6.5% ( Bloomberg and FT ) More BRIC noises (
You’ve seen the headlines: U.S. Dollar Plunges! U.S. Dollar Surges! Why should you care? More to the point, why won’t the dollar just hold still? Actually, in one sense it does hold still. Whatever happens in the currency markets doesn’t change the number of dollars in your wallet — or your bank account. But it can certainly change what your dollars are worth in comparison to other currencies. If you live in the U.S., the day-to-day swings in the dollar are nothing to worry
by Bart Icles The foreign exchange or forex market is perhaps the biggest market in the world. With the leverage, high liquidity, and availability it offers – not to mention its low dealing costs, more and more people are becoming interested in engaging in forex trading. Although the forex or currency trading market is largely the sphere of financial institutions, practically anyone who is interested in forex trading can learn the basics, engage in the market activities, and earn the benefits.
by Dr. Ellen Hodgson Brown Featured Writer Dandelion Salad June 18, 2009 While contrarians are screaming “hyperinflation!”, the money supply is actually shrinking. This is because most money today comes into existence as bank loans, and lending has shrunk substantially. That means the Fed needs to “monetize” debt just to fill the breach. On June 3, 2009, Federal Reserve Chairman Ben Bernanke assured Congress, “ The Federal Reserve will not monetize the debt .” Bill Bo
More range trading…  SNB doesn’t target the franc…  Norges Bank cuts rate but looks forward…  Buy your gold and Snickers! And Now… Today’s Pfennig! Good day… And a Tub Thumpin’ Thursday to you! It was 95 here yesterday, and forecast to be even warmer, or should I say hotter, today! WOW! Like overnight, it turned to summer, after the coldest, most wet, spring I can ever recall… I know, I’ll get 100 emails reminding me that summer doesn’t officially start until next week… I’m just talking about
The currencies remained in that range I talked about yesterday, with a slight bias to sell dollars, but not much of one. Crude oil prices moved higher on the day and overnight, which doesn’t play well with a dollar rally, and therefore, has pushed the dollar down a bit… But again, we’re talking minor moves. It’s as if someone (traders) is waiting for something BIG to happen with data, the Fed, or the Treasury, before taking one direction. Did you hear about the gold vending machine in Germany?
Roger Boyes Germany has devised the ultimate in credit crunch vending machines: Gold to Go. After inserting your euros in the slot there is a familiar whirring noise as if the machine is readying itself to spit out a can of lemonade or a bar of chocolate. Instead there is a satisfying clunk as a prettily wrapped bar of the world’s favourite precious metal thuds into the dispenser. “It’s better value than the bank,” Romy Erhardt of TG-Gold-Super-Markt told The Times, “And it’s very c
Today, the euro is one of the world's most powerful currencies, used by more than 320 million Europeans in twenty-two countries. The symbol for the euro is a rounded "E" with two cross lines - €. The countries currently using the euro are: Andorra, Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Luxembourg, Malta, Monaco, Montenegro, Netherlands, Portugal, San Marino, Slovakia, Slovenia, Spain and Vatican City. I hope i did not miss one! I'm glad th
Dead simple mobile payments for micro-transactions on the web are slowly gaining traction and a new, well-funded player has entered the growing space. Recently launched mobile payments startup BOKU has acquired competitors Paymo and Mobillcash and raised $13 million in Series A funding from Benchmark Capital, with Khosla Ventures and Index Ventures participating. BOKU did not disclose how much the startup paid to acquire Mobillcash and Paymo. BOKU, Paymo and Mobillcash all func
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