You can’t got to bed these days without waking up to higher prices for everything. Crude futures in New York hit nearly US$130 overnight, and now everyone is wondering what’s next. US$150? US$200. Even our fish is wondering. He darted back and forth acrosss the tank this morning as we both watched the overnight report from New York on TV.
May 21st, 2008 | Dan Denning | 2 comments | ContinuedAll Posts Tagged With: "gold prices"
Why Choose Gold When Real Interest Rates Sink?
You can link the historic surge in gold prices starting mid-August 2007 to many apparently disparate things. Pick the right link, and you might be able to tell whether it’s worth you buying or holding gold today. One such link is the price of money, as decided by the US Federal Reserve. Gold’s stellar 58% gain in the seven months starting 18th August began with the Fed’s first change to US interest rates in 18 months…
April 16th, 2008 | Adrian Ash | 2 comments | Continued
The Real Gold Bull Market is About to Stand Up
Let’s consider what the Federal Reserve is doing for the trend in gold prices – a trend, I am loathe to inform you, which it is not fighting. Let me sum it up: the trajectory of this bull trend shifted north when Bernanke took the helm of the Federal Reserve System, and that the policies pursued by the Bernanke Fed have confirmed the investment thesis driving the bull market in gold. As one pundit recently noted during a Bloomberg interview, “You gotta go with the inflation theme… it’s the only thing still working.”
March 14th, 2008 | Ed Bugos | 1 comment | Continued