September 2009

  • Who Gets What?

    By ecoscott on 9/25/09 9:33am
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    Feinberg Decides Who Gets WhatFeinberg Decides Who Gets WhatObama's advisor charged with determining what executives can be paid at comapanies that received bailout money will not be capping bonuses, according to Reuters.

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  • Has Gold Consolidated Above $1000?

    By dubayns on 9/15/09 8:56pm
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    This past week’s shoot to $1000 has left many gold bugs shouting from the mountaintops that there will soon be a very severe and very swift correction.  Silver has managed to bust through $17 per ounce as well, so no matter which camp you’re in, it’s a win-win.  But one of the biggest questions out there right now for those who are invested in precious metals is whether or not gold has consolidated above $1000.  An answer to this question would likely provide the answer to a more direct yet equally as important question: will gold stay above $1000 and keep climbing?  Has it found a new benchmark or will it fall back into the $900’s or $800’s.

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  • Gold: The $1000 Sweet Spot

    By dubayns on 9/8/09 4:01pm
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    Recently Gold hit the $1000 mark.  This left many investors and speculators wondering if this lustrous yellow metal will have yet another lack-luster week.  The $1000 mark has been crossed a few times in the past two years, most memorably in March of 2008, when gold and silver hit new 25-year highs among economic instability and tension.  That was right before the recession hit full bore, and back when oil was over $140 a barrel.  Now gold has once again topped $1000, albeit quite timidly as it quickly sank back into the high 990’s, but it nonetheless hit $1000 on Monday.  This most recent stretch to $1000 is important because if the $1000 mark is topped and passed quite quickly, it could signal to investors that the precious metals market is still very much alive and well and that commodities could be on their way back up, preceding a possible jump in inflation after the major 2008 US economic stimulus bill injection of over $800 billion.

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  • China to Offer Easy Gold and Silver Investment to Consumers

    By dubayns on 9/8/09 3:18pm
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    In an effort to engage the Chinese consumer base, the Chinese government has announced that it will try to push silver and gold investment.  The news comes on the heels of other announcements made this summer regarding the US dollar and a possible new world reserve currency.  Perhaps China is trying to ignite the investment fires to motivate its citizens to invest more on an individual basis.  Another potential motivation comes to mind however, one that has potential for worldwide impact and change.

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