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- power to investors create free account search for symbols, analysts, keywords log in home market outlook gold & precious metals how gold got its groove back jan. 12, 2016 3:10 pm et gld 2 comments frank holmes 4.14k follower s follow summary forget interest rates—real rates are the ke...
Rick discusses how exciting his early career felt back in the early 1980s at Prudential Page Securities as a stock index futures broker on the floor of the New York Futures Exchange.Rick feels that gold has returned to a bull market after having based for six years. Over the summer, we...
After all, the USD Index is a weighted average of currency exchange rates and the latter move on a relative basis. In conclusion, while the USD Index’s decline on Apr. 5 created a goldilocks environment for the precious metals, the latter should have enjoyed a much larger upswing. However...
financial institutions. most of the economic shock caused by reduced production has been successfully overcome. the first increase in foreign exchange reserves since october 2015 shows a decrease of currency and credit risks. this helps increase fdi, so a further stabilization of the chinese economy ...
The “European solution” was to fix the exchange rates of the EEC’s currencies, and float as a bloc against the dollar. The “common float” would enhance trade within Europe and show the world Europe’s unity and leadership. This was not in the interes...
The precious metal plunged on Wednesday, and remains low today, mainly driven by a stronger U.S. dollar. The U.S. dollar gained this week against all major peers, causing gold traders and analysts to turn bearish for the third time in four weeks, according to Bloomberg. The dollar was ...
The consolation prize, if you’re lucky – based on today’s gold price of US$55.18 (RM168.34) per-gram or US$55,180.33 (RM168,343) per-kilogram, the seized 142.7 kilogram would worth RM24 million. Add that to monies in bank accounts and cash amounts to RM101.92 million seized...
Reality Rates: TARP ZIRP QE Kaplops, Negative Bond Fools, Stagnant Joe Six Packs, and Busted Moms and Pops MOPEd Dopes: USSA Statistics Believers and Foolish Economists Extremists: Freedom Lovers, Gold Bugs, Freedom Fighters, Plain Language Constitutionalists, Libertarians, and Old Glory Waivers...
Indeed, that was the beginning of the last long, sustained run up in gold, between 1968 and 1982, when it rose against both the Dow and the dollar. There are other ways in which that period chimes with today. In 1971 when Richard Nixon, then president, took the US off the gold stand...