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Gold Commentary

posted by ChocoFudgeCake 1299 days ago in Weekly, Gold made popular 1299 days ago

In any discussion of the future of Gold, or of the price of Gold, the first thing that must be realized is that Gold is a political metal. In the true meaning of the word, its price is "governed".

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Oil prices surge as markets reassess outlook

posted by ChocoFudgeCake 1299 days ago in Oil made popular 1299 days ago

Oil prices rallied sharply on Tuesday amid a weaker dollar and on evidence that OPEC crude exporters were cutting production as promised, analysts said.

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Australian Economy in its Weak Phase

posted by ChocoFudgeCake 1299 days ago in AUD, Daily made popular 1299 days ago

What a week it's shaping up to be. First, the Reserve Bank meets on Melbourne Cup Day Tuesday. And then Wednesday morning Australian time, we'll all watch the results come in from the U.S. Presidential election. Will either result be surprising?

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Pessimistic Consumers Seek Value in Holiday Shopping

posted by ChocoFudgeCake 1300 days ago in USD, Retail Sales, Consumer made popular 1300 days ago

With the economy weighing heavily on their minds, many Americans plan to spend less and shop differently and more carefully during this year’s holiday season, according to Deloitte’s 23rd Annual Holiday Survey of retail spending and trends, repor

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Commodities Send Sell Signal Before Long Recession

posted by ChocoFudgeCake 1300 days ago in USD, Fundamental, GDP made popular 1300 days ago

A record plunge in commodities may signal the U.S. is headed for the longest recession since 1981, just after Ronald Reagan became president and the economy began a 16-month slump.

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Foreign Exchange Volatility Spiked in October

posted by ChocoFudgeCake 1302 days ago in USD, Fundamental made popular 1302 days ago

Key currency pairings during October traded in some of the widest high-low ranges for any month.

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Australian Newly Built Home Sales Fall Accelerated in Sept.

posted by ChocoFudgeCake 1303 days ago in AUD, Housing made popular 1303 days ago

Australian sales of newly built homes declined in September at a faster pace even after the central bank cut borrowing costs for the first time since 2001.

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Dollar settles under US60c

posted by ChocoFudgeCake 1303 days ago in USD, NZD, Fundamental made popular 1303 days ago

The New Zealand dollar twice tried to push back above US60c for the first time in a week, but both times was quickly sent packing.

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Reserve Bank may cut interest rates another 100 points

posted by ChocoFudgeCake 1304 days ago in NZD, GDP, Inflation made popular 1304 days ago

Economists at JPMorgan have revised their forecast from a 50 basis point cut to a 100 point cut to the official cash rate this December in light of recent downgrades to their global growth forecasts, and specifically to Australia’s growth prospec

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BOJ Rate-Cut Speculation Jumps

posted by ChocoFudgeCake 1304 days ago in JPY, Inflation made popular 1304 days ago

Speculation the Bank of Japan will cut interest rates for the first time in seven years jumped after the Nikkei newspaper reported that the central bank may halve its target rate this we

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Oil imports push deficit to almost $5 billion

posted by ChocoFudgeCake 1305 days ago in NZD, Oil, Trade made popular 1305 days ago

New Zealand's trade accounts sank deeper into the red last month. Imports exceeded exports by $1.18 billion, the largest monthly deficit for nearly three years.

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0% Global Interest Rates Totally Destroys Banking

posted by ChocoFudgeCake 1305 days ago in Special, Inflation made popular 1305 days ago

Typepad stupidly changed their coding. It is very buggy! I can't get it to work right and it is their fault. Especially when it comes to making things bigger or smaller, it does this RANDOMLY.

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