Archive for November 9th, 2010

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