Gold is off 16 percent from its high, silver almost 40 percent down from the record high established in May of this year.
With an estimated $1.2bn in customer assets still missing, the clients of MF Global are obviously outraged. Who is to blame for their collapse?
All eyes were on Greece, Italy, and Spain again as if we don’t have a mess in our own economic backyard. Nevertheless, the situation in Europe is grave.
Last week, we looked at a perfect central bank intervention. Markets reacted immediately shedding about 400 points off the value of the Yen against the Dollar.
Although the unemployment rate remains stubbornly high, the trend is going in the right direction and the number of long-term unemployed fell.
Despite positive market signals and an extension of a Greek default, fundamentally nothing has changed and more is sure to unfold in this European saga.
Experts contend actual inflation is substantially higher than currently reported via the CPI, closer to the financial pinch consumers have been experiencing.
The markets have been in a tight trading range all summer. Are there any signs of a change in this side-ways trend?
Chartists and technical traders were spooked by a rather strange form of déjà vu this week.
It’s the end of the quarter and a rather tumultuous summer for investors. September was particularly unappealing at -7.18% for the month.
We decided to give our readers a bit of a break this week by focusing on the positives among the plethora of bad news emanating from the markets.
Developments in Europe are showing the effects of investors who have lost the least bit of hope that Greece can come out of their quagmire without a default.
The employment picture continues to be a major drag for the prospects of a sustainable economic recovery.
Volatility in precious metals as well as other commodities isn’t going to disappear anytime soon, but for gold, the major trend still points upward.
It has been a wild ride this summer. As we try to put these markets swings into context, I can’t help but think that the “New Normal” has actually arrived.