Monthly Archives: February 2009

By Stewart Bailey Feb. 3 (Bloomberg) — Eric Sprott, the Canadian money manager who last year predicted banking stocks would collapse, said the U.S. is at the beginning of an economic depression that will help gold prices more than double. … Continue reading →

By Lynn Thomasson Feb. 2 (Bloomberg) — The Standard & Poor’s 500 Index will fall, wiping out its 9.8 percent gain since November, as President Barack Obama’s so-called bad bank plan takes months to carry out and the recession worsens, … Continue reading →

Analysts say safe-haven buying is driving the precious metal well above $900 an ounce. Some see $1,000 on the horizon. By Ben Rooney, CNNMoney.com staff writer January 30, 2009: 2:50 PM ET NEW YORK (CNNMoney.com) — The price of gold … Continue reading →

By SARA LEPRO – 2 days ago NEW YORK (AP) — Gold prices soared to their highest close in six months Friday as investors sought shelter in the metal, believing the economy is taking a turn for the worst. Gold … Continue reading →