noworldsystem.com


Gold Hits $940, Oil $112, Euro $1.59

Gold hits highs of $940, Current Price is $924

IBT Times

April 11, 2008

Gold pushed as high as $940 just before the open of the New York session on Thursday, then fell off until the noon hour, but then reversed field once again, moving higher to finish at $929.40/oz., down $4.60. Overnight, gold has edged lower.

Platinum was higher in the European markets, but declined in New York, to end at $2026/oz., unchanged. Overnight, platinum has slipped lower.

Silver peaked at $18.40 in early London trading, fell off until mid-morning in New York, then traded sideways for the rest of the day, closing at $17.95, down 22 cents. Overnight, silver has been flat.

It was a mixed day for the precious metals, with early weakness giving way to a spate of buying later in the day, and no major changes by the end.

Read Full Article Here

 

Oil Prices Above $112 As Supplies Fall, Current Price $110

AP

April 9, 2008

The price of oil has surged to a new record, with a barrel a crude trading above $112 a barrel on the New York Mercantile Exchange.

A government report that oil and fuel supplies were lower than expected last week gave crude a push past its latest milestone. But months of buying by speculators and by investors seeking refuge from a falling dollar have also lifted oil to its new heights.

Light, sweet crude for May delivery has traded as high as $112.16, surpassing the previous trading record of $111.80 set ast month.

 

US Dollar Hits New Record Low Against Euro

RTT
April 10, 2008

The US dollar declined against its major counterparts in early deals on Thursday, hitting a fresh record low against the euro. Against its other major counterparts, the dollar weakened to new multi-day low during this time period.

The US trade balance, initial jobless and continuing claims are the major economic events slated for release later in New York morning.

The US dollar plummeted to new record low of 1.5915 against the euro at about 5:10 am ET Thursday, compared to yesterday’s closing value of 1.5832.

Read Full Article Here

 

The dollar may face $1.65 against the euro by October

Bloomberg
April 7, 2008

Optimism for a dollar rebound that pervaded the currency market at the start of the year is fading.

Futures traders doubled bets against the greenback in the past two months, data from the Commodity Futures Trading Commission in Washington show. Citigroup Inc., Deutsche Bank AG and Royal Bank of Scotland Group Plc, which handle almost 40 percent of global foreign exchange trading, say the currency may slump to $1.65 per euro by October.

Read Full Article Here

Recent News:

Treasury Secretary Henry Paulson says economy has turned down sharply
http://www.reuters.com/article/topNews/idUSWBT00874120080410

Fed: Severe Downturn Possible
http://www.reuters.com/article/ousiv/idUSTRS00005820080409?sp=true

South Africa: Analysts Say Gold Can Top $1000 Again
http://allafrica.com/stories/200804100124.html

Greenspan: I have no regrets on Federal Reserve’s past policies
http://news.yahoo.com/s/nm/20080408/bs_nm/usa_economy_greenspan_dc

The Great Chinese Crash of 2008
http://www.fool.com/investing/in..reat-chinese-crash-of-2008.aspx

Soros: USD Won’t Be World’s Reserve Currency
http://www.nytimes.com/2008..Y&pagewanted=print

Soros sounds the alarm again on world economy
http://www.iht.com/articles/2008/04/11/business/11soros.php

Federal Credit Cards Misused
http://www.washingtonpost.com/wp-dy../ST2008040803504.html

U.S. Economy: Consumer Sentiment Drops to 26-Year Low
http://www.bloomberg.com/apps/n..=af8M_eEjb_QY&refer=home

Gas, Diesel Prices Hit New Records
http://www.bloomberg.com..087&sid=af8M_eEjb_QY&refer=home

Gas Tops $4 In Chicago
http://cbs2chicago.com/consumer/gas.prices.milestone.2.697232.html

G24: IMF Regulatory Failures Caused Crisis
http://news.yahoo.com/s..bNmbqT52QemoOrgF

Official: UAE to maintain dollar-peg policy
http://news.xinhuanet.com/english/2008-04/08/content_7940355.htm

WaMu gets $7 billion infusion, cuts jobs, sees big loss
IMF: Mortgage Crisis May Cost $945 Billion
Dollar Falls Against Euro, Heads for Weekly Decline, Before G-7
US Fed prepares to replenish war chest
US trade deficit jumps despite weak dollar
Pound falls to 80p against the euro
IMF Says U.S. Crisis Biggest Since 1930s
IMF: Global Intervention Needed On Credit Crisis
Current crisis is worst since Great Depression: Soros
Soros Predicts End Of Easy Borrowing
Govt Expects Gas To Hit $4

U.S. Economic Collapse News Archive

 


Leave a Comment so far
Leave a comment



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s



%d bloggers like this: