Auto Bailout Dies in Senate – New York Times Treasury Considers Using TARP for Bailout – Bloomberg U.S. Stocks Advance – Bloomberg PPI Falls 2.2% – RealClearMarkets Retail Sales Fall 1.8% – RealClearMarkets Europe and Asia Down – New York Times Oil Pares Losses After Bush Says Bank-Bailout Money May Fund Auto Rescue – Bloomberg [...]

House Passes Auto Bailout – New York Times Crude Oil Surges Most in 5 Weeks – Bloomberg Jobless Claims Surge – RealClearMarkets Gold Rises to Eight-Week High – Bloomberg Change is Coming to the World of Finance – BusinessWeek We Need a Bailout Exit Strategy – Wall Street Journal Is the Bear Market Finally Over? [...]

By Tim Evans We have seen an interesting situation in gold futures prices in early December as a result of increased demand—called backwardation. That means prices of near-month futures were trading higher than the farther-out contract months, an unusual occurrence in the futures markets. I think that means there’s opportunity now to buy 2009 gold [...]

By Jeff Friedman

Crude Oil Falls as U.S. Refiners Cut Operating Rates on Sliding Demand – Bloomberg Metal Prices Fall Further than during Great Depression – Telegraph Gold Falls as Dollar Strengthens – Bloomberg Feds to Expand Rescue; Reviewing ‘hundreds of banks’ – CNN Money Big 3 Automakers Ratchet Up Pleas for Aid – Washington Post FDIC Head: [...]