Today more and more investors are warming to the fact that psychology moves markets and therefore fundamental analysis, which fails to properly measure mass investor psychology, must be flawed. Who can blame…
Central Banks Set to be Net Gold Buyers
By Chris Flood Financial Times Central banks are set to become net buyers of gold this year for the first time since 1998, according to GFMS, the metals consultancy. This reverses the…
Obama Touting U.S. Economy
By Joseph Spector USA Today President Obama visited an Albany-area community college this morning to discuss the economy and promote hi-tech investments as a way to boost business growth in the country….
U.S. Mortgage Delinquencies Set Record
By Nick Zieminski Reuters High U.S. unemployment keeps pushing up the rate of mortgage delinquencies, which could in turn drive personal bankruptcies and home foreclosures, monthly data from the Equifax Inc credit…
Sprott Says Gold Price Driven by Crumbling U.S. Dollar
By Lawrence Williams MineWeb In its latest statement on global markets Canada’s much respected Sprott Asset Management points to the ever increasing doubts on the status of the U.S. dollar as the…
Will Banks Rescue FDIC?
By Robert J. Samuelson NewsWeek It seemed like a classic “man bites dog” story. America’s banks, having been repeatedly rescued by the government in the past 18 months, were about to turn…
China’s Foreign Exchange Reserves Rank First in World
China’s foreign exchange reserves rose from 1,577 billion U.S. dollars in 1978 to 1, 950 billion dollars in 2008 to rank first in the world, said Yu Wenzhe, Chinese Ambassador in Ghana,…
Colombia and Peru Top Emerging Markets
By Jason Mitchell The Banker Thursday, September 24, 2009 While the Western world has been struggling through the global financial crisis, Latin America has shown a remarkable resilience to the upheaval. Two…
Oil Industry Sets a Brisk Pace of New Discoveries
By Jay Mouawad New York Times Thursday, September 24, 2009 The oil industry has been on a hot streak this year, thanks to a series of major discoveries that have rekindled a…
Homeowners Defaulting on Mortgages as Strategy
By Kenneth R. Harney Los Angeles Times Thursday, September 24, 2009 Who is more likely to walk away from a house and a mortgage — a person with super-prime credit scores or…