GOLD

I can't convince Americans to buy gold: Cramer

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Former hedge fund manager Jim Cramer said he can't convince Americans that their government's choice to get this economy moving again is to debase its currency, so [they] need another currency, namely gold.
Paulson testifies before a US House Oversight and Government Reform Committee hearing on the regulation of hedge funds, on Capitol Hill in Washington

Paulson reduces exposure to financial holdings

Paulson & Co., the hedge fund managed by John Paulson, reduced its positions in key financial holdings Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC) and Citigroup Inc. (NYSE: C) in the third quarter
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Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange

US stocks advance in early trade

Stocks on major U.S. indices opened higher as takeovers and faster-than-estimated growth in retail sales fueled optimism in the economy.
Israel mulls US offer on West Bank 'settlement freeze'

Israel mulls US offer on West Bank 'settlement freeze'

Israel is to discuss a 90-day construction freeze in West Bank proposed by the United States, sources say. At the recent Washington meeting between Israeli Prime minister Binyamin Netanyahu and Secretary of State, Hillary Clinton, US reportedly proposed an incentive package to reinstate a moratorium on West Bank settlement building. However, the proposal does not include a suspension of settlement activity in East Jerusalem.
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Gold's bull market isn't anywhere near over

Gold registered new all-time highs over and over again in the past few weeks and hit a record high of $1424.30 on Tuesday as investors stepped up buying the yellow metal as an effective tool to avoid the risks of inflation and the uncertainties in the global economy.
A 100 yuan banknote is placed next to $100 banknotes

Will China raise rates? Will US data guide QE talks? – Next week’s forex questions

The dust of G-20 has settled. World leaders sat around a large table set this time in South Korea, searched for that magic wand in their suit pockets, and then looked at each other's face with disappointment. They didn't get one to 'calm down' the emerging fears of a 'world war' on trade and currencies. They did not 'direct' China and/or US as some hoped.
Silver and Gold/Silver Ratio - 1994-2010 Nov

Silver outshining gold is old story, technicals project

A study on charts shows that silver may not continue to enjoy the status of being better investment alternative over gold in the short-to-medium-term period. And not only that, any correction in both the metals will happen with the white metal falling much steeper than its yellow counterpart.
New York Fed president William Dudley

QE2 officially begins

The much anticipated, talked about, and at times criticized program of the second round of quantitative easing has begun.
100 troy ounce gold bar

G20 Seoul summit means buy gold : Jim Cramer

Jim Cramer, a financial pundit and former hedge fund manager, said the best way of making money off the G20 Seoul summit is betting it won't go well. And one bets against the summit by buying gold, he said.
Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development

Resist protectionism, group says

Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development, an organization consulted by the nations of the world, including most of the nations of the G-20, put the very complex matter of what the G-20 is attempting to do at its summit in Seoul this week, in simple and precise terms.
Giant gold bar

Gold rises over $1400 for first time ever

Gold prices rose above the $1,400 an ounce barrier for the first time ever today. New fears sparked by the latest Irish debt problems drove investors to seek security in the eternal metal. Comments from World Bank President Robert Zoellicks earlier today, in which he suggested that major global economies should return to a new gold standard, helped push investors towards gold, where gold set a new record high at $1408.10 an ounce.
New York City cab driver fills his taxi up with gas at Hess station in New York

QE2 inflates commodities, threatens 70s-styled malaise

QE2 is a rising tide that lifts all boats. The boats, in this case, refers to asset prices. Unfortunately, some asset rallies, particularly those in consumer and industrial commodities, are bad for the real economy,
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Continous money printing will drive gold ever higher: An Interview with Mr. Rose, CEO of Capital Gold Group

With our debt coming to maturity in the next ten years, which we cannot afford to pay, printing money seems to be our only option, which we feel is going to spur inflation, if not hyperinflation. We also feel if we adjusted gold for the inflationary highs of the 80's, gold bullion should already be at $2,200 an ounce, so we feel very strongly about a further drive up in gold over the next five years.

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