Gas at $130; Gold Pullback to $900
The gasoline prices at the pump is going out of hand. It keeps rising to its new highs due to low supply worldwide. For many people, gas is like a need rather than a want because it is not easy to travel within North America without an automobile. Therefore, a car is one of the [...]
Tagged as: alternatives, commodity, crisis, currency, Economy, gasoline, gold, investment, necessity, supply, year 2000Gold $1000/oz; Oil $110/barrel
With the US dollar falling, Gold rising above $1000, and oil going further $110, it tells a lot about the current state of the economy. A lot of the smart money have been moved into commodities. It seems the situation is not improving even when the Fed injected $200 billion US dollars into the credit market on Tuesday. IMO, the Fed Reserve [...]
Tagged as: commodities, credit, dollar, Economy, falling, gold, oil, ratesBargain Hunting
It seems that everywhere looks like a bargain right now, especially the tech, retail, and finance sectors. The prices of oil and gold has risen too high in the past few days due to the weakened US dollar. It is the same news about the US credit crisis over and over again.
Tagged as: bargain, credit crisis, downtrend, finance, gold, oil, retail, techOil Surpasses $103 for First Time
We are in recession and bear market, there is no denying about that. Since the beginning of the year, most of the stocks went down and the economy continues to trend down. With oil and gold at record high prices ($103 and $970 respectively), President Bush and Federal Reserve chief Ben Bernanke still deny that we are [...]
Tagged as: bernanke, bush, Economy, gold, growth, high, negative, oil, recession