US Dollar Collapse

Ivanhoe (NYSE:IVN ), Gammon (NYSE:GRS), Yamana (NYSE:AUY) Make Big Moves Up as Gold Prices Soar

Ivanhoe Mines (NYSE:IVN ), Gammon Gold (NYSE:GRS) and Yamana Gold(NYSE:AUY) have all made big upward moves in their share prices today as gold prices came roaring back, as the U.S. dollar fell back to earth where it belongs. Spot gold prices rose by $18.30, increasing to $1,354.10 an ounce as of this writing. Gold futures for December delivery rose to $1,346.90 on the Comex division of the New

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US Dollar, Economic Influence, Waning on Global Stage

The rebuke and rejection of the request by the U.S. to pressure China to into increasing the value of the renminbi by the G-20 underscores the declining economic influence of America in the world, as well as the U.S. dollar, which has become a disaster. Not only was the idea of pressuring China on their currency rejected, but the U.S. and the disastrous Federal Reserve were castigated by

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German Finance Minister: Federal Reserve Losing Credibility

German Finance Minister Wolfgang Schäuble said in an interview with Spiegel Online that Ben Bernanke and the Federal Reserve are losing credibility in relationship to fiscal policy. Schäuble also significantly pointed out something most media don’t understand or report on, and that is the Federal Reserve is manipulating their currency as much as China allegedly is when it debases the U.S. dollar

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Gold Standard Should be Considered Again Says World Bank President

In what can only be a nod toward the true weakness to the global economy, World Bank president Robert Zoellick said major economies should considered reinstating a form of the gold standard again. In an editorial in the Financial Times, Zoellick said countries should look at floating currencies, with gold used s a means of measuring the exchange rates. Zoellick said what he’s thinking is the

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Gold Ready to Break $1,400 an Ounce

Gold continues to press toward the $1,400 an ounce mark as on Friday it traded as high as $1,398 before pulling back. While not unprecedented, especially over the last year, gold did remain strong in light of the fact the U.S. dollar also showed strength, which usually carry an inverse relationship to one another; gold goes up when the dollar goes down and the reverse as well. What determines

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Kinross (NYSE:KGC), Yamana (NYSE:AUY), NovaGold (AMEX:NG), Agnico-Eagle (NYSE:AEM) Rise on Anticipated QE

With the U.S. government finally admitting the U.S. economy is going to continue to struggle through 2011, the Federal Reserve is preparing people for their latest inflationary step (now being called quantitative easing), and gold miners like Kinross Gold Corp (NYSE:KGC), Yamana Gold (NYSE:AUY), NovaGold Resources Inc. (AMEX:NG) and Agnico-Eagle (NYSE:AEM) are all rising with the broader gold

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Will Gold Prices Hit $850 Ever Again?

Lately I’ve been seeing quite a few analysts calling for a top in gold. I have to say these analysts don’t really understand what’s happening. If they did they would know that far from topping, gold is just getting started. Just as a preface let me point out that the fundamental driver of this leg up in gold is the same driver that it’s been for the entire 10 year bull market; currency

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Barrick (NYSE:ABX), Ivanhoe (NYSE:IVN), Eldorado (NYSE:EGO), Agnico (NYSE:AEM) Rise with Surging Gold Prices

The jobs report in the U.S. showing further terrible results have gold prices today jumping and gold miners rising with them. Barrick Gold (NYSE:ABX), Ivanhoe Mines (NYSE:IVN), Eldorado Gold and (NYSE:EGO) and Agnico-Eagle Mines (NYSE:AEM) are all in positive territory in anticipation of the inevitable inflationary move by the Federal Reserve, which will pump more money into the American

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Gold Prices Today Rise as Fed Expected to Inflate

As the economic news continues to get worse, gold investors continue to push gold prices up as expectations the Fed will inflate or implement quantitative easing sometime soon, grows. Gold futures’ prices today have surged to $1,346.20 for December delivery, rising $11.20 on the Comex in New York. Also continuing to fuel the gold price bonanza is the ongoing collapse of the U.S. dollar. Much

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Is Rangold (Nasdaq:GOLD) Valuation Too Pricey?

As Randgold (Nasdaq:GOLD) continues on its torrid upward share price move, some analysts are starting to get nervous about the company being too pricey to buy at this time, as valuations are high.So far in 2010, Randgold has risen even faster than the exploding gold prices, adding to the concern investors may want to wait for them to pull back before putting more money into the company.In 2010

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Citigroup (NYSE:C) Raises Gold Estimate to $1,450

Citing expected quantitative easing, which is another word for inflation, to be instituted by the Federal Reserve, Citigroup (NYSE:C) sees gold prices over the near and medium term to rise to $1,450 an ounce. That is based on the accurate assumption the value of the U.S. dollar and other currencies will fall against gold as they continue to be debased from the faulty policies of their central

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Citigroup (NYSE:C), UBS (NYSE:UBS) Wealthy Clients Buying Gold

Although it varies from financial institutions to financial institution, wealthy clients of Citigroup (NYSE:C) and UBS (NYSE:UBS) have been acquiring large allotments of gold, especially clients of UBS. Regional head for central, eastern and northern Europe Citigroup, Africa and Turkey, Samir Raslan, said clients are buying gold, although they weren’t going overboard on it. At the Global

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