Tag Archives: recession

Capital Gold Group Report: “Financial System is in ‘the worst crisis since the Great Depression’” – NYU Econ Professor

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Roubini: Bear Market Only Half Over, But It’s Not Armageddon Posted Jul 22, 2008 11:40am EDT by Aaron Task in Investing, Newsmakers, Recession, Banking One of the most noted skeptics on Wall Street, NYU Professor Nouriel Roubini says the financial … Continue reading

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Capital Gold Group Report: Stocks Tarnished by “Lost Decade” – No Lasting Gains for 9 Years

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U.S. Shares in Longest Funk Since 1970s; Credit Crunch Could Prolong Weakness by E.S. Browning By E.S. BROWNINGMarch 26, 2008 Over the past 200 years, the stock market’s steady upward march occasionally has been disrupted for long stretches, most recently … Continue reading

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Capital Gold Group Report: Weak Dollar, Inflation Concerns, High Oil = Rising Gold

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GOLD RISES AS DOLLAR WEAKNESS CONTINUES TO SPUR BUYING LONDON, Mar. 26, 2008 (Thomson Financial delivered by Newstex) — Gold rose while the dollar remained weak, oil prices ticked up and fund money returned to the commodity sector. Bullion fell … Continue reading

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Capital Gold Group Report: DOLLAR’S CLOUT SINKS WORLDWIDE – PROTECTION IN GOLD

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SAO PAULO, Brazil – Antique store owners in lower Manhattan, ticket vendors at India‘s Taj Mahal and Brazilian business executives heading to China all have one thing in common these days: They don’t want U.S. dollars. Hit by a free … Continue reading

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Capital Gold Group Report: GOLD EDGES CLOSER TO $1,000

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Mixed economic news and a surge in oil prices push the precious metal to record high. By Ben Rooney, CNNMoney.com staff writer March 5 2008: 12:58 PM EST NEW YORK (CNNMoney.com) — Gold prices surged to a record Wednesday, closing … Continue reading

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GOLD ADDS TO RECENT RALLY

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Friday, February 08, 2008 2:46:40 PM – Gold closed higher on Friday in U.S. trading, adding to the gains from the two previous sessions. April gold finished at $922.30 an ounce, up $12.30 on the day. The precious metal reached … Continue reading

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“. . . THE DOLLAR AIN’T WHAT IT USED TO BE . . .” EUROPEANS ALSO BUYING RECORD AMOUNTS OF GOLD WITH THEIR EUROS

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NEW YORK (Reuters) – In the latest example that the U.S. dollar just ain’t what it used to be, some shops in New York City have begun accepting euros and other foreign currency as payment for merchandise. “We had decided … Continue reading

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THE COMING GOLD SURGE

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Commentary: There are plenty of factors aligned to drive prices up By Sean Brodrick, Money and Markets Last update: 12:01 a.m. EST Feb. 4, 2008 There have been enough dips and outright plunges to make gold traders feel like they’re … Continue reading

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A NEW RECORD HIGH FOR GOLD ON RECESSION WORRIES, WEAK DOLLAR & S. AFRICA POWER SHORTAGES

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Saturday February 2, 12:12 AM   LONDON (AFP) – Gold prices hit a historic 936.92 dollars per ounce on Friday as the yellow metal was boosted by strains in the US economy and weakness of the dollar, analysts said. The … Continue reading

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South Africa Outages, Economy Push Up Gold

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Jan. 29, 2008 (Investor’s Business Daily delivered by Newstex) — Maybe it’s an anxiety shelter, but gold has investors luminous these days. The yellow metal hit an all-time high of $923.40 an ounce last week, as folks rushed to park … Continue reading

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