Gold

Emerging Market Rebound Evidence of a Growing Divide From Developed Nations

Stocks in emerging market economies continued their torrid run yesterday (Wednesday), hitting a 13-month high and further separating themselves from developed economies. The MSCI Emerging Market Index rose for the third consecutive session climbing 0.4% to 928.40 -; its highest level in more than a year according to Bloomberg News. "The outlook for emerging markets […]

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Gold Prices Soar to Record High on Report of Secret Plan to Dethrone the Dollar

Gold prices surged to record high $1,045 an ounce yesterday (Tuesday), after a report surfaced that global oil producers are planning to stop using the U.S. dollar for oil trade. "There's no telling the veracity of these reports, but the general trend has been going in this direction anyway: a weaker dollar and rising gold," […]

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The No. 1 Way to Profit When Silver Upstages Gold

While prices of gold don’t necessarily affect silver prices or vice versa, history has demonstrated that when gold rises or falls, silver usually follows suit. This time around, silver has failed to match the gains that gold posted in recent months, spawning a widespread believe that silver is poised for a bull run. Such factors […]

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How China became the '800-Pound' Gorilla in the Gold Market

With prices testing their record high of $1,033 an ounce set last year gold has again become the hot topic of conversation. But while many analysts are focusing on threat of inflation – which could be a byproduct of the U.S. Federal Reserve's reluctance to withdraw monetary stimulus – investors should really be watching China. […]

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Special Report: How the Government is Setting Us Up for a Second Subprime Crisis

[Editor's Note: Shah Gilani, a retired hedge fund manager and noted expert on the global credit crisis, predicted this developing FHA debacle in a July 2008 Money Morning essay.] Is the government creating another subprime-mortgage bubble? The first time around, the three-headed federal serpent – the Bush administration, the Treasury Department and the U.S. Federal […]

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The Only Way to Profit From a Stock Market Bubble

Former U.S. Federal Reserve Chairman Alan Greenspan said it was impossible to tell a bubble while you were in it. Well Alan, I’ve got news for you: We’re in one now. The Standard & Poor’s 500 Index is up 58% from its March lows, gold has finally broken through the $1,000-an-ounce level – and may […]

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Gold Prices Soar to 18-Month High on Dollar Weakness, Inflation Fears

Gold bugs pushed the gold prices to an18-month high today (Wednesday), as rattled investors focused on renewed weakness in the U.S. dollar and the looming potential for runaway inflation. Those factors combined to push gold as high as $1,023.30 an ounce, the loftiest level since late March 2008. The case for inflation was bolstered by […]

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The "Golden Staircase" Points to Record Prices for Gold

As gold once again breaks the psychologically important barrier of $1,000 an ounce, all the pundits are wondering if it will last. I have to confess that – deep down – this makes me smile. The reason: I know that the real question to ask is "When will gold go on to set new highs?" […]

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Buy, Sell or Hold: The SPDR Gold Trust ETF (NYSE: GLD) Continues to Offer Investors a Hedge Against Inflation

The just-concluded Group 20 (G20) meeting left us with a chorus of very "prudent" governments and central bankers singing the praises of easy monetary and fiscal conditions. So where can we take refuge when all the central banks in the world print money and governments run deficits in order to spend like drunken sailors? The […]

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The Slow Death of General Motors

By Martin Hutchinson Contributing Editor Money Morning U.S. President Barack Obama's firing of General Motors Corp. (GM) Chief Executive Officer G. Richard Wagoner Jr. may be the beginning of the final act of a long and sad drama – the slow death of GM. The company nameplate may soldier on in some form, but it […]

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Sprott: Gold Prices Could Double Amid a U.S. Depression

By Don MillerAssociate EditorMoney Morning Respected Canadian money manager Eric Sprott predicted gold prices will more than double over the next few years as the U.S enters a full-blown depression. Sprott, who correctly predicted the collapse of banking stocks, made the comments yesterday (Tuesday) during an interview with Bloomberg News. The United States could be […]

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The Real Reason for the Global Financial Crisis…the Story No One's Talking About

[Part I of a three-part series looking at how so-called “credit default swap” derivatives could ignite a worldwide capital markets meltdown.] By Shah GilaniContributing Editor Are you shell-shocked? Are you wondering what's really going on in the market? The truth is probably more frightening than even your worst fears. And yet, you won't hear about […]

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Gold's Meteoric Rise Couldn't Save Harmony Mining

By Mike Caggeso Associate Editor Despite gold's meteoric rise, South Africa-based Harmony Gold Mining Co. (HMY) posted its third-straight quarterly loss as the company suffered a 44-day mine stoppage and an 8.3% decline in gold production. After factoring in taxes, exploration costs and operating costs, the company lost $7 million (55 million rand). The company's […]

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