Saturday, November 22nd, 2008

Posts Tagged ‘ Greenback ’

Weak Data Will Send Dollar To New Depths

Jul 15th, 2008 | By Chuck Butler | Category: Politics & Economics

The Daily Reckoning’s currency expert Chuck Butler says the dollar is being taken to the woodshed. The greenback is losing ground against all major currencies as the credit crisis continues to wreak havoc in the U.S economy. Chuck says disappointing inflation or retail sales data this week will send the dollar to new depths…



Oil ‘Bulls’ its Way Above $139 on its Way to a New Record as the U.S. Dollar Resumes its Descent

Jun 7th, 2008 | By Jason Simpkins | Category: Oil Investment & Alternative Energy

Crude oil for July delivery traded at an all-time high of $139.12 a barrel on the New York Mercantile Exchange today (Friday), after the U.S. dollar nosedived on speculation that the European Central Bank would raise its key lending rate and on worries that a bigger-than-expected spike in unemployment meant the U.S. economy was far weaker than feared.



The U.S. Economy’s Uncertainty Brings Opportunity for Investors in the Months to Come

Jun 6th, 2008 | By Jennifer Yousfi | Category: Politics & Economics

With a wheezing economy that’s struggling with housing and credit problems - as well as a weak dollar - it’s clear the United States won’t be in the investment spotlight this year.



Cashing in on Commodities: Will Gold Hit $1,500 an Ounce?

Jun 6th, 2008 | By Mike Caggeso | Category: Gold Market

Gold prices have skidded about 15% since the “yellow metal” hit an all-time record of $1,032 an ounce on St. Patrick’s Day.



Inflation´s Back: Embrace the Madness

Jun 5th, 2008 | By Chris Hancock | Category: Politics & Economics

Folks have three things on their minds this weekend: food prices, gas prices and Kimbo Slice. In other words, consumer sentiment hits 28-year lows and the only relief in sight is pure, unadulterated violence on CBS.



Big Ben’s Loose Lips

Jun 4th, 2008 | By Bill Bonner | Category: Politics & Economics

The trouble with getting older…Big Ben expresses himself…Globalization is no longer a force for good - but a force for evil…the Bear Stearns domino effect…End of the road for Hilary…a new hotline service - made just for central bankers…and more!



Renminbi Hits New Record

Apr 10th, 2008 | By Contrarian Profits | Category: Featured, Financial News, International Investing

While communist China is busy smashing protests in occupied Tibet, the country’s currency, the renminbi, is making record gains agains the US dollar.



Jim Rogers: More Pain for the Greenback, and the Failure of the Federal Reserve

Apr 8th, 2008 | By Keith Fitz-Gerald | Category: Politics & Economics

By bailing out Wall Street and applying “band-aids” to the economy, the U.S. Federal Reserve may well be causing its own downfall - even as it hastens the demise of the greenback as a viable global currency, investment guru Jim Rogers told Money Morning during an exclusive interview.



U.S. Dollar Remains Soft

Apr 7th, 2008 | By Sally Limantour | Category: US Dollar & Forex Trading

The Bear Stearns rescue and the Treasury department’s call for a new “blueprint”  have helped ignite a rally in financial stocks… but it seems nothing can kickstart the dollar.



Gold Takes a Tumble on Stronger Dollar

Apr 1st, 2008 | By Contrarian Profits | Category: Featured, Financial News, Gold Market

Gold futures have shed over 4% so far today in what MarkeWatch is calling “a broad-based commodities sell-off.”

According to the site, “gold for June delivery tumbled $41.80, or 4.5%, to $879.70 an ounce on the New York Mercantile Exchange. Other metals futures were also sharply lower, with platinum selling off 7%.”

Read on at MarketWatch.com