Doug Casey says, the monumental monetary crisis can be took place by deflationary, where billions and billions of dollars are wiped out through bankruptcies and defaults, and the remaining dollars become worth more as a result.
Commodity Online NEW YORK: Gold futures ended strong Wednesday at the New York Mercantile Exchange as US dollar continued its southward journey against euro.
By Adrian Ash A dead, defunct currency says the world's money supply is about to unleash an awful inflation
Commodity Online NEW YORK: World oil prices continued its upward journey Wednesday after US energy report said refinery utilization had dropped to the lowest point since October 2005.
Cnet Netwroks will lay off 120 employees as part of a workforce realignment, effective immediately, according to a regulatory filing late Wednesday.
Many drivers in the U.S. who chose diesel-fueled vehicles over gasoline-fueled ones may have done so for the expected savings from higher fuel economy and historically lower prices per gallon, especially during the summer driving
Software maker Blizzard, maker of the hugely successful Warcraft video game series, is engaged in a legal dispute with a programmer who has created a tool that automates actions inside of one of its popular games.
Gold futures rose on Wednesday on weaker dollar while crude futures also gained. Gold for April delivery was up $7.20, or 0.8 percent, at $942.20 an ounce on the Comex division on the New York Mercantile Exchange.
U.S. stocks dropped for the first time Wednesday in four days as an unexpected tumble in February factory orders sparked concerns over the economy while the outlook for bank profits worsened.
Japan stocks declined Wednesday as investors began worried about U.S. recession.
Commodity Online MUMBAI: Gold prices rose to Rs 12,370 per 10 gram in the bullion market here on Wednesday, mostly on global trends and aggressive buying by stockists.
Commodity Online PHNOM PHEN: Cambodian National Petroleum Authority ( CNPA ) on Wednesday announced its intention to start oil production by 2011.
Commodity Online BRASILIA: World s second largest mining and metals company Vale do Rio Doce is expected to grow 10.4 percent in 2008 much of it fuelled by demand from emerging economies.
Commodity Online With gold's precipitous rise in 2007, silver has still achieved better returns over the life of the prevailing bull market in precious metals
By Julian D W PhillipsThe oil price is holding high at never before seen levels, not because of a shortage, but because US and foreign nationals and institutions are fleeing from Dollar instruments into hard assets...
Commodity Online TOKYO: Ahead of a crucial US government energy report due out later Wednesday, world oil prices were on the up again in Asian trade.
Treasuries rose on Tuesday after a private report showed U.S. consumer confidence declined in March and another report indicated a decline in housing prices.
What jumped 4.7 percent as dry weather in the U.S strengthened prospects of reduced yields.
Microsoft may sweeten its bid to acquire Internet-giant Yahoo, according to one analyst, sending shares of the firm higher in Tuesday trading.
Gold for April delivery gained $16.30, or 1.8 percent, to end at $935 an ounce on the Comex division on the New York Mercantile Exchange.
Gold futures rose in New York, rallying nearly 2 percent Tuesday as the dollar continued to decline against the euro, boosting investors demand for the precious metal. Silver also gained.
U.S. stocks were mixed on Wednesday following a rally in commodity producers boosted the market to overcome downbeat data on housing and consumer sentiment.The S&P 500 added 2.56 points, or 0.2 percent, to 1,352.44 while the Dow increased 18.56 , or 0.2 percent, to 12,530.08. The Nasdaq Composite Index rose 12.54, or 0.5 percent, to 2,339.29. Seven stocks gained for every three that declined on the New York Stock Exchange.
