No surprise, the dollar lost market share to the euro in the last decade–but not as much as you might think
The U.S. dollar earned about a C+ in the decade from 1999 to 2009, according to the International Monetary Fund (IMF). The dollar’s share of allocated global reserves had declined to 62% by the end of September 2009, according to the IMF. That was down from 71% at the...Good news on jobs hurts Treasuries, oil, stocks; crushes gold
All it took was an unexpectedly strong unemployment report. Following the Bureau of Labor Statistics release of numbers showing the economy lost just 11,000 jobs in November rather than the expected 125,000, the Dollar Index broke above its 2009 trend line and the...Peak gold? One more reason that high gold prices are here to stay
Peak gold? You may have heard of peak oil, the theory that at some point—ranging from 2005 to 2025–the world will have found all the easy oil there is to find and that after that new finds won’t be able to keep up with the global rate of consumption. But peak...Sell Kinross Gold (KGC)
A rising tide lifts all ships, true. But not all to the same extent. The huge rally in gold to new historic highs day after day has largely left Kinross Gold (KGC) behind. True, the stock is up 9% as of the close on November 11 from its recent low at $18. But in that...Is gold the new dollar?
News on November 3 that the Reserve Bank of India, the country’s central bank, had purchased 200 metric tons of gold between October 19 and 30 from the International Monetary Fund sent gold soaring to a new all-time high. The yellow metal closed at $1090 an...How high can gold go? Follow the disappearing gold hedge
So where’s the top for gold? $1006, the recent high? $1150, a target among a group of middle-of-the-road analysts? $2000, the ravings of a minority but not necessarily wrong for all that? At least in the short run, to know where gold is going watch the market...Gold rallies on the U.S. dollar's plunge.
Gold is making another run at breaking above and staying above $1000 an ounce. And I think this time the price is likely to stick. Even though gold is up 13% in 2009, I think the precious metal could tack on another 10% before it takes a breather. Gold has tried to...Update Kinross Gold (KGC)
A good second quarter from Kinross Gold (KGC)–considering the uncertainties of the mining business where anything from an ore body running a lower grade than expected to floods to civil war can disrupt production. Earnings of 12 cents a share for the second...Update Freeport McMoRan Copper & Gold FCX
At least they were honest. Executives at Freeport McMoRan Copper & Gold (FCX) told Wall Street on July 21 that they weren’t seeing any signs of a recovery in developed economies that would lead the company to restart its idled U.S. copper mines. So where...Earnings tomorrow from CAT, Copper, and Coke enough to keep the rally going?
Quite a set of economic indicators in tomorrow’s earnings reports. And all before the stock market rings the opening bell at 9:30 ET too. Caterpillar (CAT), an important indicator of prospects in the construction and industrial sectors, is expected to report earnings...Inflation is coming no doubt but later than you'd think
To make money off inflation you need to get both the direction and the timing right. Get the direction wrong—buy gold, on a bet that inflation is climbing when inflation is actually falling, for example—and you lose money. Get the timing wrong—buy gold, again on a bet...Jim’s Daily Email Alerts:
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