Monthly Archives: January 2010

On top of the record 140 bank failures in 2009, there have been 9 bank failures thus far in 2010.  They are: Columbia River Bank The Dalles OR January 22, 2010 Evergreen Bank Seattle WA January 22, 2010 Charter Bank … Continue reading →

By Peter Krauth, Contributing Editor, Money Morning January 14, 2010 Let me get right to the point. Gold’s going to $5,000 an ounce. I know that sounds preposterous to most people. In fact, some of you probably think I’m crazy. … Continue reading →

By Edmond Lococo and Erik Schatzker Jan. 12 (Bloomberg) — US Gold Corp. Chief Executive Officer Rob McEwen said global gold prices may increase to $5,000 an ounce between 2012 and 2014 as rising U.S. government debt weakens the dollar. … Continue reading →

Jan 8, 2010:  Gold prices rose towards $1 140 (R8 345) an ounce on Friday after December’s US non-farm payrolls data missed expectations, dampening expectations a US interest hike may be imminent and pressuring the dollar versus the euro. Spot gold … Continue reading →

By Luca Di Leo and Meena Thiruvengadam  JANUARY 8, 2010, 12:20 P.M. ET WASHINGTON — U.S. job losses were higher than expected in December of last year and the unemployment rate remained at a lofty 10%, a sign the labor … Continue reading →

By Moming Zhou, MarketWatch Jan. 6, 2010, 9:45 a.m. EST NEW YORK (MarketWatch) — Gold futures rose Wednesday for a fourth straight session, climbing above $1,130 an ounce on concerns that the ongoing economic recovery could bring higher inflation, increasing … Continue reading →

by Alix Steel, 1/6/10 NEW YORK (TheStreet) — Gold delivery for February was rising $9.60 to $1,128.30 an ounce at the Comex division of the New York Mercantile Exchange. Prices have traded as high as $1,133 and as low as … Continue reading →

by Alix Steel1/4/10 NEW YORK – Gold prices pop in the New Year. Gold prices continue their inverse correlation to the U.S. dollar as trading resumed in full force Monday. Gold ended 2009 just under $1,100 settling at $1,095 an ounce … Continue reading →