By Kishori Krishnan Exclusive to Gold Investing News Investment demand for physical gold remains strong as turmoil in the financial markets and fears over the outlook for the global economy boost the yellow metal’s appeal. Weakness in the banking sector, which saw Bank of America and Citigroup report large fourth quarter losses earlier on Friday, [...]
By Dave Brown – Exclusive to Gold Investing News The old trader’s maxim – First Move, Wrong Move - is often used to describe the absolute despair and euphoria which tend to coexist in the world of behavioral finance, manifesting themselves in market activity. The observations of last week-end and the start of this week suggest that perhaps [...]
By Dave Brown – Exclusive to GoldInvestingNews.com Friday marked the 35th anniversary of the death of the famous Austrian economist, Ludwig Von Mises, who once wrote, “do the American voters know that the unprecedented improvement in their standard of living that the last hundred years brought was the result of the steady rise in the [...]
By Dave Brown – Exclusive to Gold Investing News The U.S. Federal Reserve said it will circumvent troubled banks in order to lend directly to American corporations for the first time since the Great Depression, in addition to implying further rate cuts; combining for a blend of both traditional and more innovative approach [...]
By Dave Brown – Exclusive to GoldInvestingNews.com “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of [...]
By Dave Brown – Exclusive to Gold Investing News The latest victim of the credit crunch was Washington Mutual Inc., a large Seattle based consumer and small business banking company that was established in 1889, as the Federal Deposit Insurance Corp. seized its assets on Thursday, selling some of it to JPMorgan Chase & Co. The [...]
By Dave Brown – Exclusive to Gold Investing News On Tuesday, U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke advocated rapid legislative approval of the plan for the Treasury to spend up to US$700 billion to obtain distressed assets from the banks. Questions about the oversight of the bailout- whether the proposal [...]
By Dave Brown – Exclusive to Gold Investing News For investors, the beginning of September saw negative news flow coming in, largely by way of physical storms originating in the Atlantic Ocean, leaving behind a wake of destruction in the Gulf Region. This week, however, saw a different type of storm originating closer to Atlantic [...]
By Dave Brown – Exclusive to Gold Investing News The financial markets have found themselves under tremendous downside pressure this week in the wake of the collapse of Lehman Brothers, and the crisis at AIG. Central banks have infused US$200 billion in order to alleviate some of the volatility. Leading the way, the European [...]
By Dave Brown – Exclusive to Gold Investing News With most of Wall Street getting hammered this week by the consequences of the Freddie Mac and Fannie Mae episode, the continuing subprime mortgage legacy and Texas being pounded by Hurricane Ike, the epicenter for the gold industry was Denver, Colorado. Politicians gave way to industrialists [...]
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