Consumer prices were up more in Q3 than they were in Q2 and beat analyst estimates with a 1% advance since the last quarter vs. expectations of 0.9%. This will most likely increase pressure on central bank Governor Glenn Stevens to continue to ...

AUD/USD

There’s anxiety that gold can maintain a price above the $1,000 level and the number of buyers out there right now is diminished according to metals traders. I think investors are worried about a rally in the dollar, especially after the strength ...

Gold Discussion

Citigroup issued a report saying that the euro will depreciate against the dollar after breaking through the key support level at $1.4845. It expects a move down to the 55 day moving average at $1.4578. Citi is advising clients to sell euro at ...

EURUSD

Good article: Gold at $2,000 Becomes Inflation-Adjusted Bullseye for ‘80 High Oct. 19 (Bloomberg) -- Gold’s rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak. While gold rose 19 percent this year to $1,072 an ...

Gold Discussion

News reports show that pension funds will begin to purchase gold as financial insurance, which will lead to further price increases. Already the Teacher Retirement System of Texas has announced that they will be purchasers.

Gold Discussion

Interesting article in the FT: A strong US needs a weakened dollar Published: October 9 2009 22:23 | Last updated: October 9 2009 22:23 Lawrence Summers, the director of President Barack Obama’s National Economic Council, has voiced his support this ...

EURUSD

The yen rose against all 16 major currencies after data from Japan’s central bank, which kept its benchmark interest rate unchanged, worried investors that deflation will deepen as the Bank of Japan report showed producer prices fell for a ninth ...

USD/JPY Discussion

The yen rose against all 16 major currencies after data from Japan’s central bank, which kept its benchmark interest rate unchanged, worried investors that deflation will deepen as the Bank of Japan report showed producer prices fell for a ninth ...

USDJPY Prediction

Gold hit a record high of $1,068.40 an ounce in early trading, settling at $1,064.20, up $7.50. Hedge against inflation, hedge against volatility, hedge against weak dollar, momentum trading, best store of value, ETF fund accumulation – whatever the ...

Gold Discussion

Federal Reserve Vice Chairman Donald Kohn said, “I don’t think a V-shaped recovery is the most likely outcome this time around. All told, I expect that the recovery in US economic activity will proceed at a moderate pace in the second half of the ...

EURUSD

The natural direction, notwithstanding the recent jump off of 88, is for the yen to continue to appreciate relative to the dollar. If the BoJ starts buying dollars then it is fighting the market in order to try and support a weaker yen - sustainable ...

USD/JPY Discussion

The natural direction, notwithstanding the recent jump off of 88, is for the yen to continue to appreciate relative to the dollar. If the BoJ starts buying dollars then it is fighting the market in order to try and support a weaker yen - sustainable ...

USDJPY Prediction

Australia has maintained its economy through strong trade with China as it exports commodities such as iron ore and coal to fuel China’s demand that it has generated through its stimulus package. But it could be dangerous for Australia to depend too ...

AUD/USD

Fed Bank of St Louis President James Bullard said yesterday that falling unemployment is a precondition for an increase in the interest rate. Given that the average work week is down to historic lows and that the number of open jobs is also at ...

EURUSD

Dollar strength and the recent rally in gold may be causing some investors to sell gold, but with the ease at which it is going through these psychological round barriers, I’m still buying on every dip. Hedge funds increased their net long positions ...

Gold Discussion

Additional pressure on the dollar as central banks are shunning the dollar in favor of the euro and the yen as a store of reserves. Foreign currency holdings increased $413 billion last quarter to $7.3 trillion and the nations that report foreign ...

EURUSD

Speculation on the part of investors that the Bank of Japan will be quicker in withdrawing emergency stimulus than the US seems to be continuing to drive strength in the yen. It is possible that the Bank of Japan will be faster, but I think a more ...

USDJPY Prediction

Speculation on the part of investors that the Bank of Japan will be quicker in withdrawing emergency stimulus than the US seems to be continuing to drive strength in the yen. It is possible that the Bank of Japan will be faster, but I think a more ...

USD/JPY Discussion

Australia reported an unexpected gain in unemployment furthering speculation that Australia’s central bank will continue to increase interest rates. The number of people employed rose by 40,600 last month from August 2008, as economists expected a ...

AUD/USD

Jim Rodgers says gold may go to $2,000 an ounce in the next decade. Assuming it will take 10 year for this to happen and using $1,000 as the current base price – that would generate a compound return of about 7% annually. Bill Gross is estimating ...

Gold Discussion