Monthly Archives: September 2010

Gold Prices Continue Their Climb

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by Alix Steel09/20/10 – 08:53 AM EDT NEW YORK (The Street) – Gold prices were rising Monday as investors bought the metal ahead of a meeting of the Federal Reserve’s policy-making arm. Gold for December delivery was adding $3.90 to $1,281.40 … Continue reading

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How a Poorer America Is Holding Back the Recovery

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AOLNEWS.COM by Joseph SchumanSenior Correspondent (Sept. 16) — The nation’s epidemic unemployment knocked nearly 4 million more Americans into poverty last year, swelling the ranks of the poor to the largest number in at least half a century. And if … Continue reading

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Nine Bullish Arguments for Gold

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  Kitco Commentator’s Corner Sep 13 2010 2:18PM by Frank Holmes CEO and Chief Investment OfficerU.S. Global Investors Dr. Martin Murenbeeld, chief economist for Dundee Wealth Economics and one of the smartest gold minds around, recently released his latest chart … Continue reading

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Gold Touches All Time High of $1,284.40 in Early Trading

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Kitco News 17 September 2010, 10:05 a.m. By Jim Wyckoff   Gold prices have backed down from the all-time record highs scored earlier in the session Friday, as some profit-takers have stepped in to ring the cash register ahead of … Continue reading

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Greenspan’s Warning on Gold

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Editorial of The New York Sun | September 15, 2010 Alan Greenspan spoke at the Council on Foreign Relations earlier today, and what was his advice? That central bankers should be doing what these columns, among others, have been rattling … Continue reading

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Goldman Sachs Hedge Fund Beats Industry Average with a Mere 3% Return So Far This Year

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Sept. 16 (Bloomberg) — Goldman Sachs Group Inc. proprietary traders who created a hedge fund within the firm in 2007 have generated a return of about 3 percent this year, beating the industry average, people briefed on the gain said. … Continue reading

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‘Clueless’ Investors Think Brokers Are Fiduciaries, Survey Says

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By Alexis Leondis Sept. 15 (Bloomberg) — Three out of four U.S. investors mistakenly think that financial advisers at brokerage firms are required to put clients’ interests first, said a survey by several consumer and financial planning organizations. Seventy-six percent … Continue reading

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U.S. Home Seizures Reach Third Record in Five Months

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By Dan Levy Sept. 16 (Bloomberg) — U.S. home seizures reached a record for the third time in five months in August as lenders completed the foreclosure process for thousands of delinquent owners, according to RealtyTrac Inc. Bank repossessions climbed … Continue reading

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The 10 American Industries That May Never Recover

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24/7 Wall St.by Douglas A. McIntyre Wednesday, September 15, 2010 It has become clear that jobs in some industries may never come back, or if they do it will take years or decades for a recovery. 24/7 Wall St. examined … Continue reading

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China fears depreciation of $2.45 trillion of reserves still heavy in dollars

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China offered a rare insight into its foreign exchange reserves with confirmation that the vast majority are held in dollars.   By Angela Monaghan, Economics Correspondent Published: 6:00PM BST 03 Sep 2010 Roughly 65pc of China’s foreign currency reserves are … Continue reading

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