28
Mar
2008

Bloomberg: Jim Grant on the recent actions of the Federal Reserve (Video)

Jim Grant, founder and editor of the highly respected Grants Interest Rate Observer and one of the world’s leading experts on US and international interest rates and financial markets appeared on Bloomberg’s “Taking Stock” on Tuesday, March 24.

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27
Mar
2008

Gold Investments Market Update

Gold
Gold rose in Asian trading and after an initial sell off in early trading in London this morning, it has again rallied to over $949.00. Gold was up $14.30 to $949.10 per ounce in trading in New York yesterday while silver was up 62 cents to $18.32 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $948.25, £470.60 and €600.31 (from $945.75 £473.68 and €602.01 yesterday).

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26
Mar
2008

Gold Investments Market Update

Gold
Gold was up $16.50 to $934.80 per ounce in trading in New York yesterday while silver was up 70 cents to $17.70 per ounce (see more on silver shortages below). Gold has rallied in Asian trading and again in trading in London this morning. The London AM Gold Fix at 1030 GMT was at $945.75 £473.68 and €602.01 (from $930.65, £467.24 and €598.57 yesterday).

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25
Mar
2008

Ron Paul on CNBC: ‘Abolish the Federal Reserve’

Ron Paul appeared on CNBC’s Kudlow & Company last week; making his case to abolish the Federal Reserve and work back towards the gold standard:

Michelle Cabrera shouldn’t sound so incredulous, didn’t Jim Rogers appear on CNBC just recently saying the same thing?

Int

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25
Mar
2008

Gold Investments Market Update

Gold
Gold was down $2.30 to $918.30 per ounce in trading in New York yesterday while silver was up 12 cents to $17.07 per ounce. Gold has rallied in Asian trading and again in trading in London this morning. The London AM Gold Fix at 1030 GMT this morning was at $930.65, £467.24 and €598.57 (from $913.50, £461.60 and €591.15 last Thursday).

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19
Mar
2008

Gold Investments Market Update

Gold
Gold was up $2.20 to $1003 per ounce in trading in New York yesterday while silver was down 30 cents to $19.89 per ounce. In illiquid electronic trading after the Federal Reserve cut interest rates by 75 basis points, very counterintuitively gold fell in value by nearly 2%. With gold already up by more than 19% so far this year (some 10 weeks), consolidation is healthy and to be expected.

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18
Mar
2008

Paralysed by fear

It is becoming clear that investors are currently paralysed by fear and finding it difficult to make rational decisions in the face of unprecedented turmoil in international markets. In this article, I will attempt to explore some of the issues that investors should be considering in the light of recent market volatility as shown below:

Index

Year to Date Return

31/12/07 to 14/03/08

 

Local Currency %

Euro %

US S&P 500

-12.3

-18.2

Europe FT/S&P Europe ex UK

-16.5

-16.5

Ireland ISEQ

-13.5

-13.5

UK FTSE 100

-12.8

-16.9

Japan Topix

-19.1

-15.5

Hong Kong Hang Seng

-20.1

-25.3

Bonds Merrill Lynch Euro over 5 year Govt

3.3

3.3

Credit Suisse/Tremont Hedge Fund Index

0.1%

0.1%

     

Index Linked Bonds

Euro Index Linked Fund

3.74

3.74

Source: Bloomberg

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18
Mar
2008

Gold Investments Market Update

Gold
Gold was up $2.10 to $1000.80 per ounce in trading in New York yesterday while silver was down 25 cents to $20.36 per ounce. Gold surged on the open in Asia yesterday and reached a new record high ($1030.80 per ounce). Subsequently, with U.S. stock markets miraculously recovering, gold succumbed to profit taking and ended the day only slightly higher.

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11
Mar
2008

“Look out, there’s a big pie coming at your face.”

The Recession IndexIt was obvious to any casual observer that debate about whether the US was in, or approaching a recession, was increasing.
According to a January article in The Economist “[in] recent opinion polls, almost six out of ten Americans believe the country is already in a recession.”

And the media are increasingly willing to confront the situation head on.

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10
Mar
2008

Gold Investments Market Update

Gold
Gold was down $3 to $972.00 per ounce in trading in New York on Friday and silver was up 3 cents to $20.16 per ounce. In Asian trading gold rose to $980.22 but has sold off slightly in early European trading. The London AM Gold Fix at 1030 GMT this morning was at $973.15, £481.52 and €633.03.

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