Forex

December 04 2012 12:26 PM

Gold appears to be headed for an impressive price appreciation for the second half of 2012. Since the beginning of July, gold is up almost 10 over the same time frame. What is noteworthy here is that in recent months, fears of a worldwide recession have increased markedly. It used to be considered axiomatic that recession created adverse conditions for commodities (a reality that has helped push down the price of crude oil thus far in 2012). How then can we understand the movement in gold?

December 03 2012 1:04 PM

We are all too familiar with Goldfinger, the Academy Award-winning James Bond flick that was all about an insidious effort to control the world supply of gold and its value. “Value.” That is the key word here. The entire world looks at gold as the great preserver of wealth and protector of the value of our dollar and the world’s currencies.

November 29 2012 12:44 PM

QE1, QE2, QE3, the Bernanke “Twist” and probably QE4 are pumping out money at a rate never before seen in history. The Fed will not only generate US inflation but it will be exporting that inflation to the rest of the World, especially emerging markets. It is interesting to note that many investors holding large cash positions view their money as an asset, when, it is really more of a liability at this point in time. The fact is that cash, correctly deployed, can allow an investor to sidestep the worst stretches of a financial crisis, like the one that may be on the way in 2013-2015.

November 27 2012 11:53 AM

What is the mark of a good trader? The question is one of Wall Street’s most oft-debated subjects. Is it a portfolio of high returns? Nerves of steel? Steadfast self-discipline? Luck? Everyone has an opinion. At Benzinga, we believe that there is only one way to predict a good trader: those who are willing to work hard towards getting better will succeed. Prosperous trading is not an innate skill; it is learned.

November 26 2012 2:35 PM

Mark Carney, who is currently the governor of the Bank of Canada was appointed as the next governor of the Bank of England, replacing Mervyn King: Bloomberg The BoC has an unexpected vacant post, which it formed a special committee to recruit for. Forexlive

November 23 2012 3:38 PM

With a reported 150 million Americans shopping on Black Friday retailers will hope they can turn around their fortunes this holiday season. At the time of writing the extent of sales was not known, but retailers will be hoping for a bounce in sales after a 0.3% decline in October, reversing an increase in sales growth in Q3.

November 23 2012 9:32 AM

The eurozone economy is headed for its weakest Quarter since Q-1 of Y 2009, according to business surveys that showed companies toiling against shrinking order books in November.

November 20 2012 6:06 PM

Despite the breathless post-election "think pieces" that have drawn sweeping and deeply considered conclusions about the political drift of the country, at its core President Obama's re-election is easy to understand. He essentially promised millions of middle and working class voters that if he were to be re-elected, they would receive benefits paid for by the rich. You don't need to read a Time Magazine cover story to untangle this political strategy. Now that he has been given a second term, Obama needs to deliver the goods by raising taxes on the rich and only the rich. He will be "asking" them to pay their "fair share," (as if "asking" and "fairness" have anything to do with it). In reality the wealthy already pay taxes at a much higher rate than average Americans and in many cases will now have to pay more than half of their income in federal, state, and local taxes.

November 20 2012 10:48 AM

Nearly every key factor behind a bullish gold price is now currently in place save one. Once this single piece of uncertainty is removed, risk asset prices should soar. First off, the global economy is accelerating to the downside and this is causing central banks to become the most dovish they have ever been in the entire history of fiat currencies. For example, the leader of Japan's LDP party, Shinzo Abe, called for the Bank of Japan (BOJ) to raise its year over year inflation goal to 2-3% and to engage in unlimited money printing until deflation is fully vanquished. He said if elected, he would forge an alliance with the BOJ to launch an all-out war on deflation and to attack the Yen-blaming a strong currency as the primary impediment to Japan's economic recovery. Mr. Abe also called for the BOJ's policy rate to be cut below zero.