The gold price lost about eight bucks (silver was down about 20 cents) from the open in Sydney on Thursday morning until about fifteen minutes before the Comex opened in New York yesterday morning.

Here’s a not-too-controversial prediction. Later this month, Big Merv King will get the Basildon Bond out and pen his missive to the Chancellor, Alistair Darling, explaining why inflation has gone over 3.0%.

Why inflation is bad news for the high street. You’d expect the slump in the housing market to take its toll on the high street. And indeed it has.

How will we know the credit crisis and banking fiasco are truly over? We won’t.

Apparently, there’s just no stopping stocks. They just keep on trucking higher as investors forget about the recent troubles in the financial sector and focus on Merrill Lynch’s note that ‘credit markets may be “past their worst”’.

Interest rates are set to rise next month!

As I said yesterday, George Soros – the billionaire investor – who “broke the Bank of England” got his “celebrity status” by betting against the British pound…and now he’s looking to do the same thing by shorting the British pound again.

I was delayed on my way in this morning. By the Luftwaffe. Yes, an unexploded bomb in east London played havoc with the District Line.

Uh-oh. We must really be in trouble. The Organisation for Economic Co-operation and Development (OECD) has singled out Britain’s economy for especially gloomy treatment in its latest six-monthly take on the world economy.

Well, well, well. Another development in the ongoing saga of my former employer, Northern Rock.