Deeper Analysis
Gold’s Magical Climb
November 9, 2010
The relentless rise of gold prices has caught the market’s imagination. The advance is being fed by a weakening U.S. dollar, bloated paper debt around the world, Fed quantitative easing and fear that debt monetization could create a big inflation problem in the future. Current inflation is very subdued and still trending lower in many […] More
New Overnight Developments Abroad - Daily Update
One-Day Dollar Correction Out of Steam
November 9, 2010
The dollar had opened firmer this week on Monday and strengthened further overnight to 1.3824 per euro, but it relapsed subsequently to 1.3951 currently, a net slide of 0.2% since yesterday’s New York closing. The dollar also shows net overnight losses of 0.6% against the Swissy, 0.7% versus the yen, and 0.3% against sterling and […] More
