Markets
Rosenberg Sees China Causing Gold to Hit $2,600 | Print |  E-mail
Written by Steven J. DuBord   
Saturday, 05 December 2009 00:00

gold barsGold has recently topped the $1,200 per ounce mark, but analyst David Rosenberg sees it going as high as $2,623 per ounce in the not-to-distant future if Communist China follows through on its plans to begin stockpiling the precious metal.

 
Gold Hits New Record High, Skirts $1,200/oz. | Print |  E-mail
Written by Steven Yates   
Tuesday, 01 December 2009 19:00

Gold barsThe weakening dollar propelled gold prices in American markets almost to $1,200 an ounce Tuesday morning, Reuters reported. U.S. gold futures for February delivery hit a new record of $1,200.50 an ounce before falling back. Investors are buying the precious metal as an alternative asset.

 
GDP Numbers Revised Downward to 2.8 percent for Third Quarter | Print |  E-mail
Written by Thomas R. Eddlem   
Wednesday, 25 November 2009 05:31

The U.S. economy grew slower in the third quarter of the year than initially forecast according to the U.S. Bureau of Economic Analysis (BEA), which revised third-quarter growth down from a 3.5 percent annualized increase to 2.8 percent.

 
GDP Increases 3.5% in Third Quarter, Fueled by “Cash for Clunkers” | Print |  E-mail
Written by Thomas R. Eddlem   
Thursday, 29 October 2009 11:00

The U.S. economy grew at a better-than-expected 3.5 percent annualized rate in the third quarter, according to an “advance estimate” released by the Bureau of Economic Analysis (BEA) October 29.

 
Report: Secret Plot Against Dollar | Print |  E-mail
Written by Alex Newman   
Tuesday, 06 October 2009 15:00

dollarA report published Tuesday by a British newspaper sent shockwaves across the world. The Independent story, entitled "The demise of the dollar," claimed that several key governments around the world were conspiring in secret meetings to stop trading oil in U.S. federal reserve notes.

 
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