Gold surge fuelled by inflation fears… Deflation seen short-lived…  Platinum boosted, helped by auto sector optimism

Currencies trade in a tight range…  Another new plan to help homeowners…  RBNZ and Riksbank slash interest rates! The Governorator speaks!… And Now… Today’s Pfennig!

Global stocks decline as gloomy economic news flow resumes… Euro zone services activity falls to a fresh record low… Central banks expected to cut rates aggressively… MSCI World stock index down 0.4 percent

Dollar weakens against euro as U.S. equities gain… Oil recovers from 3-1/2 year low … Traders look to U.S. auto sales figures to guide platinum

Dollar rises vs euro as risk aversion persists…  Yen supported on persistent global economy fears…  Euro zone inflation plunges

The finger of blame for this crisis should be pointed at the Fed, says Ed Bugos. Its interventionist activities created an unsustainable bubble. A recession is just the process of correcting these mistakes. Worse still, Ed says the Fed’s current actions are proof that it is not about to change this approach. Expect more inflation, and a bull run in gold.

MSCI world equity index up 0.9 percent at 192.09, Hopes for interest rate cuts cushion economic gloom, Government bonds rally; oil rises from 3-1/2 year low

Bank of England governor Mervyn King said Wednesday that dangerous deflation is opening a door for further interest cut rates.

The half-trillion-dollar stimulus package that China unveiled on Sunday underscores that country’s growing importance to the global economy and shows Beijing’s willingness to assume a leadership role in the battle to blunt a widening worldwide financial crisis, a top expert on China said yesterday (Monday).

The China good feeling dissipates…  Currencies lose their edge…  Fannie Mae needs more!  Silver manipulation? And Now… Today’s Pfennig!