Monthly Archives: February 2010

Feb. 4 (Bloomberg) — Stocks plunged around the globe, with the MSCI World Index dropping the most in four months, and commodities tumbled on concern an unexpected increase in U.S. jobless claims and growing sovereign debt will derail the economic … Continue reading →

By Rob Delaney Feb. 4 (Bloomberg) — Eric Sprott, whose Sprott Hedge Fund increased more than fivefold in nine years, said gold may rise to $1,500 an ounce this year and $2,000 within two years as the U.S. government takes … Continue reading →

by Allan SloanThursday, February 4, 2010 provided by Don’t look now. But even as the bank bailout is winding down, another huge bailout is starting, this time for the Social Security system. A report from the Congressional Budget Office shows … Continue reading →

“We are on an unsustainable march toward a fiscal Armageddon.” – Rep John Tanner, D-Tennessee By ANDREW TAYLOR, Associated Press Writer  Thu Feb 4, 9:41 am ET WASHINGTON – Facing a politically excruciating vote, House Democratic leaders are counting on new budget deficit curbs … Continue reading →

Peter Koven, Financial Post  Published: Thursday, February 04, 2010 There are certain drivers to the gold price that everyone talks about: U.S. dollar weakness, rising investment demand, producer de-hedging, and reduced central bank selling. Citigroup Global Markets analyst Alan Heap focuses … Continue reading →

By Kim Kyoungwha Feb. 4 (Bloomberg) — Gold will climb to $1,500 an ounce and silver will top $25 this year as the dollar loses its haven status, according to Jeffrey Nichols, managing director of American Precious Metals Advisors. “Fear … Continue reading →

  by Alix Steel, 02/02/10 – 11:01 AM EST NEW YORK  –  Gold prices were rising Tuesday as the U.S. dollar continued to struggle. Gold for April delivery was rallying $7.60 to $1,112.60 an ounce at the Comex division of … Continue reading →

Published: 11:39AM GMT 02 Feb 2010 The World Gold Council said that suggestions of a gold price ‘bubble’ do not take account of gold’s market fundamentals, which remain robust. The World Gold Council said that investor flows, specifically from western … Continue reading →

Obama’s $3.8 Trillion Budget Forecasts a $1.6 Trillion Shortfall for 2010 Before It Drops By Jonathan Weisman, JANUARY 31, 2010 WASHINGTON—President Barack Obama will propose on Monday a $3.8 trillion budget for fiscal 2011 that projects the deficit will shoot … Continue reading →