Monthly Archives: September 2010

Barrick says gold could “easily” exceed $1,500/oz

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By Jan Harvey Mon, Sep 27 06:41 AM EDT BERLIN (Reuters) – Barrick Gold, the world’s number one miner of the precious metal, said on Monday gold prices could “easily” outperform recent record highs to rise above $1,500 an ounce … Continue reading

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Gold Rebounds, Rises to Record on Investment, Jewelry Demand

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By Pham-Duy Nguyen and Claudia Carpenter Sept. 28 (Bloomberg) — Gold rose to a record, rebounding from the biggest drop in two months, as investors and jewelers took advantage of cheaper bullion to increase their holdings. Silver extend gains to … Continue reading

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U.S. Economy “Close to a Destructive Tipping Point,” Glenn Hubbard Says

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Yahoo FinancePosted Sep 28, 2010 07:30am EDT by Aaron Task in Newsmakers, Recession “America is very close to a destructive tipping point,” co-authors Glenn Hubbard and Peter Navarro warn in their new book Seeds of Destruction. “We must change how … Continue reading

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U.S. Dollar Is ‘One Step Nearer’ to Crisis, Yu Says

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By Shamim Adam and David Yong Sept. 28 (Bloomberg) — The U.S. dollar is “one step nearer” to a crisis as debt levels in the world’s largest economy increase, said Yu Yongding, a former adviser to China’s central bank. Any … Continue reading

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Credit Unions Bailed Out

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U.S. Backs $30 Billion in Bonds to Stabilize Key Institutions; Subprime Legacy By Mark Maremont and Victoria McGrane Two years after the peak of the financial crisis, the federal government swooped in to stabilize a crucial part of the credit-union … Continue reading

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Peter Schiff: On the Coming Currency Collapse

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Must see interview on the Tom Sullivan show on Fox News with Peter Schiff, President of EuroPacific Capital on the coming currency collapse caused by intentional debasement of the dollar by the government.

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Gold Jumps to Record as Fed Policy Statement Drives Dollar Down

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By Pham-Duy Nguyen and Anna Stablum Sept. 22 (Bloomberg) — Gold futures climbed to a record $1,298 an ounce after the Federal Reserve said it was willing to ease monetary policy further to boost the U.S. economy, triggering a slump … Continue reading

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Gold Soars to New High, Closing in on $1,300, as U.S. Dollar Slumps

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22 September 2010, 8:21 a.m. By Jim Wyckoff Of Kitco News Comex gold futures prices are trading solidly higher Wednesday morning and hit another fresh all-time record high overnight, as the market is now within easy striking distance of $1,300.00 … Continue reading

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Gold Resumes Uptrend Following FOMC Statement

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21 September 2010, 4:05 p.m. EST By Allen Sykora Of Kitco News  (Kitco News) — Gold resumed its uptrend after Federal Reserve policy-makers said Tuesday that they are willing to undertake further action to prop up the economy, with the … Continue reading

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Gold Skyrockets to Historical Record Intraday High of $1,292 on Fed News

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Sept. 21 (Bloomberg) — Gold rose to a record, Treasury two-year yields slid to an all-time low while the dollar weakened and U.S. stocks erased losses as the Federal Reserve said it’s willing to ease monetary policy further if needed … Continue reading

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