Monthly Archives: October 2011

Kitco News By Jim Wyckoff October 27, 2011 (Kitco News) – Comex December gold futures ended the U.S. day session with solid gains, near the daily high and hit another fresh four-week high Thursday. A sharply lower U.S. dollar index … Continue reading →

Kitco News By Terry Wooten October 26, 2011 New York (Kitco News) — Central banks stopped selling gold in the past few years and began buying the precious metal, and that trend is likely to continue for some time, according … Continue reading →

Forbes.com Agustino Fontevecchia 10/26/2011 A lot has been said as to what has fueled gold’s precipitous rise to all-time highs, from its characteristics as an inflation hedge to providing insurance against a deflationary recession. While the recent, and tumultuous, correction … Continue reading →

MarketWatch.com By Myra P. Saefong and Claudia Assis Oct. 25, 2011 Mishmash of Europe headlines breaks metals from recent range SAN FRANCISCO (MarketWatch) — Gold and silver futures rallied to one-month highs Tuesday as Europe’s disjointed progress toward a debt-crisis … Continue reading →

Los Angeles Times By Tom Petruno October 25, 2011 Wall Street bulls retreated Tuesday amid worries that European leaders have failed to reach agreement on key elements of a new plan to end their debt crisis. A jump in investors’ … Continue reading →

NPR.Org by The Associated Press October 25, 2011 1:46pm EST BRUSSELS (AP) — A grand plan to resolve Europe’s escalating debt crisis was once again in doubt after officials said Tuesday that key parts of the package may not be … Continue reading →

By Daryna Krasnolutska Oct. 24 (Bloomberg) — Ukraine’s central bank will issue gold “investment” coins as it tries to damp citizens’ demand for foreign currency. The coins will be “freely” traded on a secondary currency market, Oleksandr Dubykhvist, the head … Continue reading →

Reuters By Walter Brandimarte NEW YORK | Sun Oct 23, 2011 3:20pm EDT The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns … Continue reading →

World Socialist Web Site wsws.org By Lawrence Porter and Nancy Hanover 17 October 2011 In a nationally unprecedented action, DTE Energy has repossessed its streetlights in the Detroit enclave of Highland Park, leaving the small municipality of 16,000 people mainly … Continue reading →

Published: Wednesday, 12 Oct 2011 | 10:21 AM ET By: CNBC.com with Reuters Pennsylvania’s capital has authorized a bankruptcy filing, making the city the nation’s highest-profile municipality to acknowledge that it can no longer handle its burdensome debt. Harrisburg’s city … Continue reading →