Tag: Dollar Strength

Gold Bounces from Bear Stearns' Top, Stocks & Oil Fall on “Risk …

Filed in African Gold, Bank Gold, Dollar Strength, Gold by on October 28, 2009 0 Comments

THE PRICE OF GOLD for Dollar investors fell for the fourth session running on Wednesday morning in London, dropping as world stock markets sank 1.5% and crude oil fell to $79 per barrel. … “ Bullion is [now] trading against risk aversion,” says Andrey Kryuchenov at VTB Capital in London. “The Dollar is still a preferred safe-haven asset, to a certain extent.” “There is potential for a short period of Dollar strength and subsequent consolidation for gold ,” reckons David …

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FTSE set to open higher

Filed in Dollar Strength, Gold Investing by on October 27, 2009 0 Comments

The blue chip index is seen opening up to 0.2 percent higher on Tuesday after closing almost 1 percent lower in the previous session after mining stocks succumbed to pressure from falling commodity prices as the U.S.dollar strengthened. With the co …

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Dollar Strength Then the Decline Resumes

Filed in Dollar Strength, silver, US Dollar by on October 22, 2009 0 Comments

The dollar’s days are numbered…but there’s going to be a lot of movement both up and down before its ultimate demise. Pound up… Euro down… Aussie pulling back… Canadian giving way… Yen losing ground… October is coming to an end, and we haven’t really seen hide nor hair of any terrifying market moves or monstrous returns to the old days of dollar safety, when anything that even had a scent of risk was spurned as foolhardy investing. But as of now, the dollar has been tanking and anything that is paying a higher interest rate has been soaring, thanks in part to the hawkish comments and actions by the Reserve Bank of Australia, but mostly due to the boneheaded actions of the United States. Any way you put it, when a man shows up and says, “Hello! I’m from the government and I’m here to help” — RUN. As fast as you can. RUN. We are following in the footsteps of Japan. Should this continue, we will have to replace our Stars and Strips with a new flag, ”The Land of the Setting Sun.” No Happy Ending for the Dollar We’re now at a 9.8% unemployment rate, and we lost a jaw-dropping 263,000 jobs in September. Now it’s true this isn’t the 700,000 we were losing not so long ago. But it still is not awe-inspiring evidence of a recovery. The euro’s meteoric rise was on the G-7’s agenda this week. But before we start jumping up and down for joy as the powers that be begin pushing the euro back down (and the dollar up), I must confess that I smell a rat. The folks at the European Central Bank have not been too worried about the strengthening euro up to this …

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