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Why would Credit Deflation bring down Gold?

posted by skushno 1311 days ago in Sentiment, Weekly, Gold made popular 1307 days ago

...when Credit Inflation didn’t send it to the moon? I have received many emails from readers about the public article I wrote last week on the issue of the current deflation scare. Those arguing against my position believe the US will not exper

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US Dollar climbs two-year peaks, risk stays in focus

posted by skushno 1311 days ago in USD, Fundamental, Daily made popular 1307 days ago

The dollar climbed to a fresh two-year high versus the euro and a basket of currencies in choppy trade on Thursday as investors nervous of a severe global recession kept their faith in reserve currencies.

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Gold lifts off 13-mth low as dollar pares gains

posted by skushno 1311 days ago in Fundamental, Daily, Gold made popular 1307 days ago

Gold fell on Thursday to a 13-month low as the strong dollar curbed demand for bullion as an alternative investment, but pared losses as the U.S. currency slipped to session lows against the euro and oil firmed.
Platinum and palladium also dropp

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US: People nervous now, but expect economy to improve

posted by skushno 1311 days ago in USD, Fundamental made popular 1311 days ago

People are skittish about the economy's immediate future. Ask how things will be in a year and you hear a different story -- and a remarkable show of optimism despite economists' widespread expectations that a serious recession is brewing.
Most

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Oil falls over US$1 to around $71

posted by skushno 1312 days ago in USD, Fundamental, Oil made popular 1312 days ago

Oil fell over US$1 to around $71 a barrel on Wednesday, extending a 4 percent slide in the previous session, on mounting worries that output cuts by Opec will not be enough to offset slackening energy demand in leading consumers.

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Gold falls on dollar, platinum drops 4%

posted by skushno 1312 days ago in USD, Daily, Gold made popular 1307 days ago

Gold fell below $760 for the first time in a month on Wednesday, extending the previous day's 3 percent decline as firmness in the dollar overshadowed the precious metal's appeal as an alternative investment.
The dollar jumped to a two-year high

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USD remains Currency of Choice As Traders Avoid Risk

posted by skushno 1313 days ago in USD, Fundamental made popular 1313 days ago

While overnight interest rates continue to fall, the fact that various government efforts still need to be implemented to try to boost liquidity suggests that investor confidence has still not improved substantially. This leaves the odds in favor

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Iran: OPEC needs to cut output to avoid price fall

posted by skushno 1315 days ago in Oil made popular 1314 days ago

"The only way to prevent global oil prices from falling further is to cut OPEC's production ceiling," Oil Minister Gholamhossein Nozari said late on Saturday, according to IRNA.
Pressure is mounting within the Organization of the Petroleum Expor

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Hedge funds’ panic hits Tokyo ‘floaters’

posted by skushno 1317 days ago in Fundamental made popular 1316 days ago

Panic selling by hedge funds has hit the Y44,000bn ($432bn) Japanese floating-rate government bond market. Some issues are trading at levels usually seen in countries at risk of default.
The plunging value of so-called “floaters” could hurt Japa

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Bush Struggles to Be Heard in Economic Crisis

posted by skushno 1317 days ago in Fundamental made popular 1316 days ago

The sheer volatility of the markets suggests that investors remain unconvinced when he says, as he did on Friday, that the government’s bank rescue plan is “big enough and bold enough to work.” On Wednesday, hours after Mr. Bush said he was ‘’con

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US Government’s Leap Into Banking Has Its Perils

posted by skushno 1317 days ago in Fundamental made popular 1316 days ago

Now that the big five investment banks of America have been shut down, sold off or turned into more staid bank holding companies, there is one big risk-taking banker left: the federal government. The decision this week to put $250 billion in bank

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Japan: Demand for services falls 1.4%, adding to gloom

posted by skushno 1317 days ago in Consumer made popular 1316 days ago

Demand for services fell in August, reinforcing the view that consumer spending is unlikely to support the ailing economy.

The tertiary index, a gauge of money households and businesses spend on phone calls, power and transportation, slid 1.4

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