Been Accumulating On The Market

If you didn't notice, the price of gold dropped recently. Is this responsible for renewed discussions regarding a return to a gold standard? Gold prices dropped more than 7% last week, which is the biggest weekly loss since September. The cause has been attributed to liquidity plagued speculators and banks that closed out long positions. Yet, while the price has fallen none of the reasons gold has gone up have changed. They’re still in place. Past performance is not indicative of future results. ***chart courtesy of Gecko Software The economic crisis of the past several years, with unchecked government growth and spiraling debt are all still apparent. The problems with the global economy still exist and are apt to grow. And one only need look at what is happening as it serves to ...

Fundamental market overview EUR Francois Baroin, France's Finance Minister claimed that poor growth and volatile markets would not contaminate nation's stable economic position. FM emphasized that France still has AAA credit rating despite euro area crisis. At the beginning of the month Sarkozy's government approved austerity measures accumulating €7 bn and downgraded France's growth rate for year 2012 from 2.25% to 1%. USD Worldwide demand for US equities, bonds, and other securities surged in September as investors relied on Treasury assets amid Europe debt crisis. In September net purchases of long term stocks, bonds and notes made $68.6 bn compared to $58 bn in August. Treasuries extended largest quarterly gain since 2008, indicating that investors appreciate its safety. ...

Expert commentary Unforeseen debt crisis in Europe? While the European debt crisis is remaining the most popular concern among investors, Dukascopy has interviewed an expert in Political Economy, Grant Amyot, Professor of Economics and Political Economy at Queen's University, Canada, to find out about the anticipation of the credit crunch. Read more: FULL REPORT - Market expectations Fundamental market overview EUR Francois Baroin, France's Finance Minister claimed that poor growth and volatile markets would not contaminate nation's stable economic position. FM emphasized that France still has AAA credit rating despite euro area crisis. At the beginning of the month Sarkozy's government approved austerity measures accumulating €7 bn and downgraded France's growth rate for year 2012 ...

NEW YORK (Reuters)- For the small club of companies who trade the food, fuels and metals that keep the world running, the last decade has been sensational. Driven by the rise of Brazil, China, India and other fast-growing economies, the global commodities boom has turbocharged profits at the world's biggest trading houses. They form an exclusive group, whose loosely regulated members are often based in such tax havens as Switzerland. Together, they are worth over a trillion dollars in annual revenue and control more than half the world's freely traded commodities. The top five piled up $629 billion in revenues last year, just below the global top five financial companies and more than the combined sales of leading players in tech or telecoms. Many amass speculative positions worth ...

(Reuters) - Spot gold roared to an all-time high above $1,500 an ounce on Wednesday as a weaker dollar renewed interest in commodities, while concerns about a sovereign debt crisis in the euro zone lifted the metal's safe-haven appeal. Click here to view the story in full Here are reactions to bullion's fourth consecutive day of breaking records. JONATHAN BARRATT, COMMODITY BROKING SERVICES "In a word, sensational. Everything's feeding into this -- sovereign debt, the weaker dollar, inflation and investment demand. It is unusual to do it in Asian time. It goes to show how much appetite there is in Asia for bullion. "We often see a $20 rally after breaking a big number, then a pullback. We will see what Europe and United States do with this -- $1,510 or $1,520 look possible, but ...

On the night our documentary I.O.U.S.A. made its nationwide premiere in August 2008, the film was followed up by a live panel discussion, broadcast via satellite. Our friend David Walker, the former US comptroller general and “star” of the film, took part…along with several other luminaries. At one point, the question was asked: Might America’s trading partners one day sell off their US Treasury holdings? Impossible, said Warren Buffett. In fact, he insisted, they couldn’t…because they’d need to convert it into some other currency, which would be little better than the dollar. No one else chimed in to challenge the assertion. “Buffett’s answer assumes that there is no alternative,” author, friend and local Baltimore resident Bill Baker writes in his 2009 book Endless Money: The Moral ...

(Reuters) - Japan is expected to step into the currency markets to curb the yen's surge to record highs against the dollar and has a better chance of success if it wins the blessing of the Group of Seven industrial nations. G7 finance chiefs will hold a teleconference at 2200 GMT on Thursday and the foreign exchanges are abuzz with speculation that the meeting will address a sharp overnight surge in the yen that Japan has blamed on speculators. Japanese Finance Minister Yoshihiko Noda declined to comment on the possibility of currency intervention but said authorities were closely monitoring the market moves . Still, Japan's insistence that the surge in the yen seen since last week's earthquake in Japan is driven by speculation -- and the dearth of evidence to show Japanese capital ...

With the US government’s ever-increasing stranglehold on Americans’ assets, smart investors are now taking their wealth abroad. “Making the chicken run” is what Rhodesians used to say about neighbors who packed up and got out during the ’60s and ’70s, before the place became Zimbabwe. It was considered “unpatriotic” to leave Rhodesia. But it was genuinely idiotic not to do so. I’ve written many times about the importance of internationalizing your assets, your mode of living, and your way of thinking. I suspect most readers have treated those articles as they might a travelogue to some distant and exotic land: interesting fodder for cocktail party chatter, but basically academic and of little immediate personal relevance. Rolling into 2011, the US is in real trouble. Not as bad as ...

There are many mistakes people make that ensure they won’t get rich investing. In 2011, I think one in particular mistake will hurt more than others. I can sum it up by citing the phrase, “Generals fighting the last war.” I have come across many people in my travels who, despite a 50%-plus drop in the stock market from its peak in October 2007 to the March 2009 bottom, are still waiting for the market to crash. They missed one of the greatest rallies in the history of Planet Earth because they looked backward when they should’ve been looking ahead. I know people who still think the housing market will crash. Yet housing prices are already down 30% from the peak nationwide. Housing is now more affordable than it’s been in a generation, as we’ve seen. I know people who still won’t touch a ...