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Monday, November 23, 2009
Sunday, November 22, 2009
Gold Hits Fresh High
TOKYO (MarketWatch) -- Gold futures rallied in electric trading on late Monday morning in Asia, as safe-haven demand helped lift the December contract to a fresh high above $1,160 an ounce.
The gain extended a winning streak Friday in New York that's already spanned six straight sessions.
"It is an unbelievable rally," said Darin Newsom, a senior analyst at Telvent DTN.
"Buying seems to be coming from three sides: inflation hedge, safe-haven buying due to continued global economic concerns, and demand for paper (futures) coming from both commercial and noncommercial buying," he said. See Commodities Corner on gold's prospects.
Gold for December delivery, the most actively traded contract, climbed as high as $1,162.50 an ounce on Globex by late morning trading in Tokyo. It later eased slightly but was still up $14.40, or 1.3%, at $1,161.20.
Thursday, November 19, 2009
Ron Paul Moves Forward in Call to Edit the Federal Reserve
This is the ultimate end game for central banks and governments around the world: who will control the purse strings and who will control the monetary levers to get the economy moving. Today's vote in Barney Frank's committee will give us an indication of where the US is heading. A no vote to retain a ban on audits should be seen as a sell signal for the US dollar.
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Osama bin Laden's son wants to work for UN
Omar bin Laden has said he wants to be in a "position to promote peace" and that working for the United Nations would be "ideal".
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Wednesday, November 18, 2009
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