Monthly Archives: December 2008

      By Stuart Wallace Dec. 31 (Bloomberg) — Gold headed for a record eighth annual gain in London on expectations that the dollar and global economies will weaken, bolstering demand for the metal as a hedge against further … Continue reading →

WALL STREET JOURNAL – NEW YORK — The dollar sold off sharply versus major rivals a day after the Federal Reserve cut its target interest rate to between 0% and 0.25%. In effectively reducing interest rates to zero, the Fed … Continue reading →

NEW YORK (MarketWatch) — Gold futures rallied Wednesday, with most other metals also posting gains, as the U.S. dollar fell sharply against other major currencies. Silver futures rallied more than 7%. Gold for February delivery surged $30.20, or 4%, to … Continue reading →

by Martin D. Weiss, Ph.D.,   12-15-08 The deflation we’ve been warning you about is here, and it’s striking hard. Last week, the Fed released a report that sent chills down the spine of economists all over the world, revealing … Continue reading →

By  Moming Zhou, MarketWatch Last update: 11:12 a.m. EST Dec. 15, 2008   NEW YORK (MarketWatch) — Gold futures rallied more than 2% Monday to their highest level in two months as a falling U.S. dollar increased the metal’s appeal … Continue reading →

Outlook Darkens as Recession Deepens By Phil Izzo  The current recession may turn out to be the longest and most painful downturn since the Great Depression, according to economists in the latest Wall Street Journal economic-forecasting survey. “For the household … Continue reading →

By Pham-Duy Nguyen Dec. 10 (Bloomberg) — Gold futures rose for the third consecutive day on speculation a weaker dollar and higher commodity costs will boost demand for the precious metal as a hedge against inflation. Silver also gained. The … Continue reading →

Citigroup says gold could rise above $2,000 next year as world unravels By Ambrose Evans-Pritchard Last Updated: 7:29AM GMT 27 Nov 2008 The bank said the damage caused by the financial excesses of the last quarter century was forcing the … Continue reading →

By Kathleen M. Howley Dec. 5 (Bloomberg) — One in 10 Americans fell behind on their mortgage payments or were in foreclosure during the third quarter as the world’s largest economy shed jobs and real estate prices tumbled. The share … Continue reading →

Employers Eliminate 533,000 Jobs, Most Since 1974 By Bob Willis and Rich Miller Dec. 5 (Bloomberg) — U.S. companies slashed payrolls last month at the fastest pace in 34 years as the economy headed for its deepest and longest recession … Continue reading →