How about another big hand for gold ladies and gentleman? What a great performance by the yellow metal. The near-month futures contract for element number 79 on the periodic table traded at an all-time high in New York. Gold’s new benchmark, for now, $1,257.30. Of course that’s the picture in U.S. dollar terms. In Aussie dollar terms, gold is up 9.8%. In the last six months, it’s up 19.58%. Over the last year-taking into account the slump from its all-time highs in May-it’s up just 2.18%.
September 8th, 2010 | Dan Denning | 1 comment | ContinuedAll Posts Tagged With: "insider"
Reducing Spending Not in the Feds’ Plans
Why the government hates it when people do the right thing? Yesterday, the rally on Wall Street slowed down a bit. The Dow rose 12 points. Gold had a bad day – down $25. We had guessed that gold would be going down. But it is still too early to detect a real trend. For the moment, the financial markets and the economy are going in different directions.
July 29th, 2010 | Bill Bonner | 1 comment | Continued
Rising in Defense of Goldman Sachs
We pick up sword and shield, ready to fight for Goldman, after reading The Financial Times. The FT has devoted a whole page to Goldman bashing.
November 20th, 2009 | Bill Bonner | 14 comments | Continued
