It wasn’t long ago that US Treasuries were considered a “risk-free” investment. But the financial crisis, hulking budget deficits, political gridlock, and S&P’s debt downgrade changed that perception. Now there’s only one safe-haven investment: gold. View full post on Resource Investor
The US Dollar has given back some of its recent gains with the weakness being partially driven by a Federal reserve committed to ultra-dovish monetary policy.… View full post on DailyFX – Technical Analysis
U.S. Dollar Gains as July Factory Orders Surprise View full post on Yahoo! Finance: Currencies News
KitcoNewsNow: FOCUS: Gold Entering Seasonally Strong Period; Physical Demand Anticipated On Price Dips http://t.co/X7m39aF View full post on Twitter / KitcoNewsNow
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How to avoid the doom loop? The eurozone could easily fall into a self-reinforcing cycle of bank and government debt default. Christine Lagarde of the International Monetary Fund has a solution: more bank … View full post on Yahoo! Finance: Currencies News
I’ve been warning bears for a couple of weeks that the market was due for an aggressive bear market rally. That rally has clearly begun. I have often referenced the Rubber Band theory in my nightly reports. For those not in the know, the rubber band theory is nothing more than the tendency for any [...]
The safe-haven US Dollar is preparing for a larger advance as the rebound in the S&P 500 reaches its peak, opening the door for a return to market-wide risk aversion. View full post on DailyFX – Technical Analysis
* Aussie solid after retail and capex data * Kiwi down on profit-taking after Brazil rate cut * Swissie holds on to gains, seen advancing further * Euro nurses overnight losses, plays prevailing range … View full post on Yahoo! Finance: Currencies News
KitcoNewsNow: Comex Gold Ends Near Steady as Better Investor Risk Appetite Offsets End-of-Month Buying http://t.co/4zPi3MK View full post on Twitter / KitcoNewsNow
The brouhaha over the debt ceiling has generated upward moves, particularly in gold bullion. This is a primary example of a news driven market skewing orthodox technical measurements. Now it is entirely possible that the scare headlines are generating a caffeinated move to surpass resistance areas, especially in gold. The debt farce can end precipitously [...]