All Posts Tagged With: "falling dollar"
The Statistical Battleground
With consumer confidence now testing generational lows, our politicians are, nevertheless, continuously assuring us that the economy is strong and that there is no cause for worry.
Gold Declines on Bernanke Jawboning - But Silver Holds Up
Gold was steady to higher through the far East and most of London trading yesterday, but at about 9:30 of the New York session it plunged, bottoming at $877 before it climbed through the NYMEX, only to sag again in the Globex and finish at $881.30/oz., down $9.00. Overnight, gold has fallen off.
The Truth Behind Bernanke’s Fears for the Dollar
Has Federal Reserve chief Ben Bernanke suddenly turned into an inflation fighter? To my knowledge, Bernanke has never before stressed the dollar’s decline, the inflationary dangers it poses and his intention to guard against these as much as he did yesterday.
It’s a Bear Market in Credit
If the Aussie market follows the U.S. lead today, look out. Before we break for lunch here in Colorado, stocks in New York are taking a beating. The Dow Jones Industrials are down nearly 200 points. And it’s such a nice day out, too.
Out of Gas
We aren’t scared of the peaks – what we are nervous about are the valleys…all the Fed’s hard work can be undone by a single day of trading… The global oil crunch…consumer confidence is out of gas as well – thank goodness for those rebate checks… The anniversary of the “Esperanto Money”…in central banking, the consequence of inertia and inactivity is almost always salutary…and more!
Blame the Speculators, Continued
The Commodity Futures Trading Commission has launched a witch hunt to slake the blood-thirst of Congresscritters and their constituents looking for someone to blame for high oil prices.
Welcome to Squanderville
We’ve got a lot to remember and a lot to reckon with on this Memorial Day…the richest man in the world travels to Europe to seek out better investments…The Oracle of Omaha could write for The Daily Reckoning…putting the squeeze on the American family… Checking in on Cuba…and more!
Dollar Slides - Fed Confirms that the Credit Crunch Isn’t Getting Better.
In the currency market, the dollar slipped against the euro. Late Monday, the euro was trading at $1.5491 vs. $1.5424 on Friday.
A Premature Optimism?
The mood seems to be lifting. A more optimistic tone in the Sunday papers…a prod of encouragement from the Bank of England…and now global equities are surging.
How to Play the Weak Dollar for 84% Overnight Profits
Back in December, my friend Steve Sjuggerud described a British spending spree taking place in America. At the time, the pound was worth about $1.95, and Brits were enjoying a 50% discount on their Christmas shopping across the pond.
Latest News
- Base Metals Savaged1:58pm CDT
- Crude Still Slipping1:55pm CDT
- Dollar Flat Amid Dreadful Data1:52pm CDT
- Gold Edges Up, but Silver Hammered Again1:47pm CDT
- Brazilian Oil Takes Another Step Closer to Nationalization3:32pm CDT
- Resource Stock Roundup Friday, September 5th, 200812:01pm CDT
- Base Metals Treading Water11:53am CDT
- Crude Slips Further, $106 Seen as Support Level11:50am CDT
- Dollar Continues to Squash Euro11:47am CDT
- No Relief in Sight for Gold and Silver11:43am CDT
- Global Investing Roundups Friday, September 5th, 20089:39am CDT
- Weak Labor Market and Slowing Retail Sales Put U.S. Stocks in a Tailspin9:18am CDT
- Protest at Tata Plant Evidence of Indian Identity Crisis9:04am CDT
- Tap Into Korea’s Profit Potential with MSCI Korea Fund (EWY)8:02am CDT
- Follow PIMCO into Fannie and Freddie Bonds6:05am CDT
- Why You Should Buy Puts on the Weakest S&P 100 Players Now5:37am CDT
- Dollar Rally Means Mining Stocks On Sale5:11am CDT
- And Then There’s This… Thursday, September 4th, 200811:31am CDT
- Resource Stock Roundup Thursday, September 4th, 200811:26am CDT